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Elliott Wave

Bitcoin’s Path to ATH: Final Wave or Just a Pause? Bitcoin ( BINANCE:BTCUSDT ) pumped about +2% after the " The United States has dropped its tariffs on Chinese goods to 30%, down from a brutal 145%, while China is slashing its own duties on US imports to just 10%, temporarily, for the next 90 days. " news, but then started to decline again. Do you think Bitcoin can see the new All-Time High(ATH)? Bitcoin is moving near the Support zone($102,200-$101,680) and Support line . In terms of Elliott wave theory , Bitcoin appears to have completed microwave 3 of the main wave 5 and is currently completing microwave 4 of the main wave 5 . Given the momentum of the decline a few hours ago , I expect Bitcoin to either touch the previous low or create a new low in the 1-hour timeframe . I expect Bitcoin to attack the Support zone($102,200-$101,680) once again and possibly touch the Support line and then attack towards the Resistance zone($109,588-$105,865) with the two scenarios I outlined on the chart . Cumulative Short Liquidation Leverage: $106,943-$105,913 Cumulative Short Liquidation Leverage: $105,313-$104,787 Cumulative Long Liquidation Leverage: $102,198-$101,697 Note: If Bitcoin can move above $104,500 without correction, we can expect more pumping. Note: If Bitcoin falls below $101,500, we can expect more declines. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
21
USD/CHF Elliott Wave Count – Building for Wave (5) 🌀 USD/CHF Elliott Wave Count – Building for Wave (5) 🚀 Chart Analysis – May 13, 2025 I'm tracking a well-structured 5-wave impulse on USD/CHF using Elliott Wave Theory, supported by Fibonacci confluence, Awesome Oscillator (AO) momentum shifts, and convergence-divergence signals. 🔹 Elliott Wave Count We're currently in the corrective phase of Wave (4) after a strong Wave (3) extension. Here's the breakdown: ✅ Wave (1), (2), and (3) are clearly in place, with (3) showing healthy extension. 🔁 Wave (4) is pulling back and is now testing key support. 🔜 Anticipating a bullish Wave (5) continuation. 🔹 Key Fibonacci Levels & Buy Zone (Zone 1) Wave (4) is approaching a high-probability reversal zone: Zone 1 Buy Area: 0.8362 – 0.8341, marked by: 1.618–1.786 Fibonacci extension Confluence with previous breakout structure (resistance turned support) Classic Elliott correction depth for Wave (4) This zone provides a strong technical base for a potential bounce into Wave (5). 🔹 Awesome Oscillator (AO) + Convergence/Divergence AO confirms the wave count momentum: Strong green bars during Wave (3) Bearish red bars during Wave (4) correction Potential bullish convergence forming: Price is making lower lows AO is showing higher lows – this is bullish divergence, a classic pre-Wave (5) signal This momentum shift suggests buyers are returning, even as price dips into support — a strong signal for trend continuation. 🎯 Bias, Target & Invalidation Trade Bias: Bullish Buy Zone: 0.8362–0.8341 (Zone 1) Wave (5) Target: 0.8470 – 0.8500 (based on Wave (1)-(3) projection and previous high) Invalidation: Break and close below 0.8341 suggests deeper corrective structure or invalid wave count ✅ Summary This setup combines: Elliott Wave 5-impulse structure Fibonacci confluence at key buy zone Bullish divergence on AO supporting Wave (5) potential Strong risk-to-reward opportunity from Zone 1 📉 Waiting for confirmation via bullish price action or stronger AO green bars before committing. Let me know your view or alternate wave counts! #elliottwave #usdchf #wave5setup #fibonacci #awesomeoscillator #divergence #priceaction #forexanalysis #tradingview
Long
by AwesomeOscDad
2
INR has made a major top against USDFall of INR against the USD began in early 1970s, or perhaps late 1960s--we don't know for sure for lack of trading data. Since then, it has depreciated against the USD in crystal-clear 5 legs, or waves according to Elliott Wave Theory (EWT). To validate EWT, there occurred a gigantic gap of 9.23% in July 1991 where third wave is supposed to be--a hallmark of third waves. Furthermore, there's even a divergence between Price and Elliott Wave Oscillator (5/35 MACD) on the Monthly chart--typical of fifth waves. So, what's next then? Considering the time frame of the entire price move till date, I would say that a bear wave of Supercycle degree has just ended and we are looking at a 10-15 year advance in Indian Rupee against the US Dollar . In support of my forecast, INR has just posted a beautiful, unambiguous 5-wave advance in the shape of an expanding diagonal--hallmark of first waves--from 87.972 to 83.7625. If I'm right, price should retreat a bit toward the classic 61.8% level at 86.3396, and then fall hard--and I mean very hard, with a gap--toward the levels below 80, followed by another pause and a small retreat, and another fall, thereby completing a set of 5 distinct waves . Should price follow the path of my forecast to that point, we would have a definite confirmation on hand that a Supercycle bear wave has indeed ended. The final target of this Supercycle bull wave of INR vs. USD? It's too early and too far ahead to hazard a guess, but as per EWT principles, it should be somewhere close to 44. Yes. 1$ = ₹44. I hope I live to see that day. It's going to take a while, till 2040 perhaps, but we'll get there alright.
Short
by akg1249
2
Gold’s Short-Term Setup!!!Gold ( OANDA:XAUUSD ) started to fall today after the news " The United States has dropped its tariffs on Chinese goods to 30%, down from a brutal 145%, while China is slashing its own duties on US imports to just 10%, temporarily, for the next 90 days. " Gold is moving near a Heavy Support zone($3,198-$3,136) . In terms of Elliott wave theory , it appears that Gold has completed five downwaves , and we should expect Gold to rise at least to the Resistance zone($3,280-$3,245) . It is possible that selling pressure on Gold will increase again with the opening of the US marke t. But this analysis is in the short term , and it is likely to hit Target before the US market opens. The Bullish Engulfing Candlestick Pattern can also be a sign of Gold rising , at least in the short term . I expect Gold to rise to at least $3,241.890. Note: Stop Loss(SL): $3204.820 Gold Analyze ( XAUUSD ), 15-minute time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
5
Long-Term Buy On The AussieThe most straightforward interpretation is that the down move that started back in February 2021 (red rectangle) was a correction of the previous rally (green rectangle) and ended at 0.5914. If this is correct, then we are in the early stages of a large upward move on the Aussie in the long-term that should reach at least the previous highs of 2021. This view will be in jeopardy if we break back below the previously mentioned support and will be completely negated on a break of the 2020 lows at 0.5510.
Long
by tchamoun
2
HSI may gap down tomorrowPrice Action Recap (Last 4 Trading Days): Day 1 (8/5 Thu): High volatility Day 2 (9/5 Fri): Inside bar — consolidation Day 3 (12/5 Mon): Gapped up post-15:00 on tariff news Day 4 (13/5 Tue): Failed to follow through → another inside bar 🧯 Volatility is now at recent lows, and today's price action lacked direction. 📊 Despite still trading above MA10 and MA58, the short-term momentum seems to be fading. My View: We're potentially in a short-term reinforcement or minor retracement phase. Some wave-based projections see HSI in the 2nd wave of an irregular flat (335), aiming for 24,800+, but I'm sceptical due to weak local fundamentals and earnings outlook. 📌 Watch for tomorrow’s open — a gap down would confirm short-term weakness.
TVC:HSIShort
by Wong0000
4
S&P500 Short: Update on wave counts, Completion of WXYThis is my 3rd attempt to call the correction peak for S&P500 or Nasdaq (I use them interchangeably). From the previous short idea using Nasdaq, I mentioned that the reason for the invalidation of the previous idea is due to the last wave 5 of C of Y to extend into a 5-wave structure. Over here, the short position will be stopped out if a new high above wave Y is hit. I offered 2 conservative targets in this short idea and suggests that one can reduce position and shift stop loss when the first conservative target is reached. I also mention that if this WXY wave structure is the correct call, then the big picture is really that S&P500 will crash below 4800. Good luck!
OANDA:SPX500USDShort
by yuchaosng
Meta UpdateNot a whole lot to add to my Meta analysis. I have been calling for this move higher for about 3 weeks now. Today we finally found out what the catalyst was to spark the move higher. As I have said multiple times in the past, I don't really care so much about the why. The thing I care about is the where. Where will price go? Price came just shy of the 1.382 today and has enough waves in place to be considered complete. It also has created bearish divergence on MACD. These things don't mean a top is in by any means. They point to a top being in the works. I'm sure me saying this on the day META jumps almost $50 and 8% doesn't sit the best with some. To those people, I say, good luck. As always, you should trade your own convictions. Just remember, when price begins to head lower in the days / weeks to come, you heard it from me first.
NASDAQ:META
by TSuth
Bitcoin Elliott Wave: Impulse Pattern CompletedExecutive Summary Bitcoin rallied 40% over the past month. The rally appears to be a completed impulse pattern. A decline to $93,450 would be considered normal over the next few weeks. Completed Elliott Wave Impulse Pattern On Sunday, May 11, Bitcoin’s price appears to have completed a bullish Elliott Wave impulse pattern . There are a few scenarios to anticipate after a completed impulse. The majority of those scenarios point towards a complete retracement of the fifth wave of the impulse pattern. For Bitcoin, this implies a decline back to $93,450. Current Bitcoin Elliott Wave Count The rally that began on April 8 to May 11 appears to be a completed impulse pattern consisting of five waves. There is fairly strong wave geometry creating the impulse pattern. We can use our Fibonacci extension tool to measure out the length of wave (v) relative to wave (i). Wave (v) is equal to the length of wave (i) near 105k which is a common wave relationship when the third wave is extended. It appears that wave (v) topped out at 105,719, near the target zone. Once the impulse pattern completes, oftentimes, the entire fifth wave of the sequence is retraced. This implies a decline to the wave (iv) extreme at $93,450 is a high probability trend. Also, when we apply the Fibonacci retracement tool to the April 8 to May 11 uptrend, the 38% Fibonacci retracement level crosses right at the wave (iv) at $93,826. This is very common geometry within a bullish impulse pattern. Notice in the chart above how there is a support shelf of prices near the same $93k. This $93k zone will likely act like a magnet and attract prices. This does not mean you want to short the market in anticipation of falling prices. The bullish impulse pattern suggests the larger trend is still higher. Therefore, use the falling prices as a means to reload long positions at lower levels. Prices do not have to stop at $93k. It is possible that a decline could dig deeper to GETTEX:87K and that would be considered normal after a completed impulse pattern. A print below the 78.6% Fibonacci retracement level will be an early warning signal that another pattern is developing. Bottom Line Bitcoin appears to have completed a bullish impulse rally from April 8 to May 11. A decline to $93,450 would be considered normal within a larger uptrend. The decline could dig deeper to $87k. Once the decline ends, we’re anticipating a new rally to develop to new all-time highs. If Bitcoin drops below $81k then we’ll consider a different pattern is in development and we’ll need to reassess the wave count.
INDEX:BTCUSD
by JWagnerFXTrader
Netflix is going to fall sharply soonNetflix is in the huge 5th wave extension. I expect it to complete wave (v) of 5 very soon, probably within the next week. RSI divergence on 3-days, weekly frames is quite visible and supports the upcoming trend reversal. When wave 5 is extended, retracement typically goes to the bottom of wave (ii) of this 5th wave. This would mean 1180-1195 USD to end the wave 5. Also, at this price wave 5 will be 2.168 times bigger than waves 1 and 3 together.
NASDAQ:NFLX
by evgenii_tr_tech
7