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Elliott Wave

XRPUSDHello friends In the Ripple digital currency, we are witnessing the formation of a 5-wave bullish pattern. Of course, this pattern can also be a zigzag with wave C extended! But we assume 5 bullish waves. Currently, waves 1 to 4 have formed and we are waiting for wave 5 to form. If the price moves upwards from the 2.35 range, our hypothesis will be confirmed and we can enter a buy trade and set the stop loss at the 2.25 range. The price target can also be the 2.57 or 2.67 range, depending on the extension of wave 3. But if it breaks down from the range, it will drop to the 2.14 range. Good luck and be profitable.
BITFINEX:XRPUSDLong
by M_Gheysvandi
$SPY January 15th, 2025AMEX:SPY January 15th, 2025 15 minutes As the numbers are below 200 averages in 15 minutes, I will short. For the fall 595 to 575 we have ascillator divergence, therefore, taking 575.35 as the low, drawing extension for the move 575.5 to 585 to 578.35, we have a first target of 588 and second target of 594 levels For the fall 597.75 to 575.35 we have 0.618 retracement at 590 - 591 levels. That is the level I will short. However, we have 200 averages at 588 levels, therefore the short will give us only $2 profit. Since the risk to reward is not good, we have to wait for the first 15 minute bar to form to see how the close is located, either near top or near bottom. As written many times, gaps which are unfilled are strong, therefore if we get the first bar close near top, keeping the low of the bar as stoploss, we have to go long. The reason is the values become above 200 averages, therby triggering a buy.
AMEX:SPY
by RiderTrader
4
IFAI think the stock complete five Elliot-Wave .. now time to corrective wave take it to down then will start new and strong wave.. will take time to reach the box bcz analysis based on weekly timeframe اعتقد انه اكتمل خمس موجات صعودية والحين وقت التصحيح الى الصندوق اذا الله كتب بعدها بنشوف له صعود قوي ... يحتاج وقت للوصول الى الصندوق.. كل التوفيق This Is Not Financial Advice.
KSE:IFAShort
by Hmdalajmi
MSFT Long then Short: Wave 2 and Wave 3MSFT has completed the first intermediate wave 1 of 3 (blue waves) and now with the last 2 reversal candles, I am expecting it to push up in a wave 2 of 3 before coming down again on a wave 3 of 3. The Fibonacci retracement levels are references for where the price may be rejected as it moves up in this wave 2 of 3. The black down arrow is where I think it might be rejected. I am setting this as a "short idea" even though in the short-term I expect it to move up. Reason being that the bigger trend is down.
NASDAQ:MSFTShort
by yuchaosng
GBPUSD → False breakdown can cause growthGBPUSD is bumping into the support of the local descending channel after a rather strong fall. The fundamental background has changed a bit, which in general gives a chance to the forex market On the weekly chart the price is testing the strong level of 1.211 against which a double bottom is formed on a global scale. But this does not indicate a change in the global trend, no, it is just a hint of a possible rebound, but we need to watch the price reaction to this area. The PPI that was released yesterday slightly disappointed dollar buyers, which supported the forex market and we see a small correction. CPI is ahead, which may also support the market Resistance levels: 1.2217, 1.235, 1.2488 Support levels: 1.213 If the bulls keep the price above the nearest resistance at 1.2217, it will give the price a chance to strengthen to the nearest resistance or to the channel resistance. Regards R. Linda!
Long
by RLinda
7
GOLD → What could trigger a fall?FX:XAUUSD is forming a false breakdown of the key resistance and as a consequence - passes into the phase of realization of the bearish pattern “Wedge”. If the general background persists, the price will be able to update the lows.... On the back of upcoming inflation data (PPI and CPI), traders have reduced expectations of a Fed rate cut to one this year. Forecasts point to a rise in PPI, which could strengthen demand for the dollar and cause a correction in gold prices. However, the weak data has the potential to push gold to $2,705. Additionally, markets are watching Trump's policies and the possible introduction of new US tariffs, which could affect the dynamics of gold. Despite inflation risks, the metal has corrected from a one-month high, remaining a key hedge against inflation. Technically, we have a correction forming after a false breakdown. Quite an important phase in the market. If the bears can keep the price below 2675 - 2681, the decline will continue in the short to medium term. Resistance levels: 2675, 2681, 2690 Support levels: 2667, 2656 At the moment the price is testing 0.5 fibo, on the background of the secondary retest the zone can be broken (I do not exclude a false breakout and consolidation below 0.5 fibo, which will also lead to a fall) and the price will head to the retest of the imbalance zone, which can put pressure on gold. The most likely scenario is a retest of the zone of interest 2675 - 2681 before further decline Regards R. Linda!
FX:XAUUSDShort
by RLinda
31
Bitcoin to $120K: The Final Wave?Bitcoin is back in the spotlight, and the charts suggest we may be entering the highly anticipated 5th wave to the upside. A move to $120K is increasingly likely as institutional adoption grows, supply remains scarce, and the narrative of Bitcoin as digital gold continues to strengthen. However, markets are never a straight line. On the contrary, The unlikely option for the Bitcoin is it could see a dip below $85K in the near term before resuming its climb. Short-term corrections are part of the game, but the bigger picture remains bullish. With halving on the horizon and growing global demand for store-of-value assets, Bitcoin’s long-term trajectory points upward. The 5th wave could be the most explosive yet. While volatility is inevitable, the journey to $120K seems to be just a matter of time. Bitcoin remains the king of crypto, and this bull run still has fuel in the tank. Not a financial advice, do your own due diligence.
Long
by SabahEquityResearch
12
NZDJPY Wave Analysis 14 January 2025 - NZDJPY reversed from key support level 87.00 - Likely to rise to resistance level 89.40 NZDJPY currency pair recently reversed up from the key support level 87.00, which is the lower border of the sideways price range inside which the pair has been moving for the last few weeks. The support level 87.00 was also strengthened by the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from August. NZDJPY currency pair can be expected to rise to the next resistance level 89.40 (upper border of the active sideways price range and the top of the previous waves B and 1).
Long
by FxProGlobal
Bitcoin is breaking down right now! (lifetime opportunity)Bitcoin is currently breaking down out of the head and shoulders pattern, as I expected in past weeks. The next support is 85k, and we can hit this support pretty quickly. Bitcoin is known for its huge volatility. After we hit 85k, I expect Bitcoin to go up and retest the previous neckline of the HaS pattern, which is at around 91k! So you can make 2 trades in the short term. If you watch my posts, you know that 85k is a significant support level. It's the start of the FVG on the daily chart. Between 85k and 77k there is pretty much no price action. That means we can experience a huge flash crash. But let's be realistic: 85k is also a 20% correction from the ATH. Statistically, a 20% crash is when you want to put your buy orders. 1:1 FIB extension corresponds to the ABC correction. We are in Wave C of a corrective pattern. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Short
by Xanrox
129
Goldman Sachs ($GS): Trend Channel in FocusGoldman Sachs has been trending higher since our analysis two months ago, prompting us to reevaluate our stance. We’ve concluded that it makes more sense to remain bullish for now and not anticipate a bearish scenario at this stage. We are particularly encouraged by how consistently NYSE:GS has respected its trend channel, which strengthens our belief that it will continue to hold. However, there is a significant concern: we don’t want to see NYSE:GS losing this trend channel or creating a false breakdown, only to trap bears and continue higher. Goldman Sachs has its earnings call scheduled for the same day as BlackRock and JP Morgan this Wednesday. This adds pressure, and with additional uncertainty from the upcoming political shifts, such as the inauguration of Trump, the potential impact on NYSE:GS , NYSE:BLK , and NYSE:JPM remains unclear. Setting a limit at the 23.6%-38.2% Fibonacci levels feels too risky given the current environment and the uncertainty in the near future. While we favor this updated bullish scenario over the previous one, the bearish scenario isn’t entirely off the table. It could quickly come back into play if NYSE:GS loses key support levels. For now, NYSE:GS needs to touch the $536–$489 zone and reclaim the trend channel promptly to validate our bullish scenario. If it fails to do so, we’ll need to approach with extreme caution, and as a result, we are not rushing into a trade at the moment.
NYSE:GS
by freeguy_by_wmc
Bitcoin Overall: New Rally in SightAs suspected in my previous post, price made a new local low, though not quite to the extent I anticipated: This low is noteworthy because it represented a loss of important support, but then immediately reversed and climbed above it again. This kind of reversal often signals important points in the market, and at the very least, this support is now strong as ever and a great buy spot! This signals market strength. If bitcoin were 'weak', it would have collapsed far further on that opportunity. FOR NOW: I expect, in the short term, a long somewhere in the green triangle to somewhere in the red triangle. Depending on how aggressive price is: Scenario 1: According to Elliott Wave theory, we have the potential for 1 more corrective substructure, making this a triple combination (currently a completed double). The last should be either a zig zag (new low implied), or triangle--more moving in place--*oh joy!* My bet would be on the triangle. I don't think it's going lower. Scenario 2: That's it ladies and gents. welcome to the next move up in BTC. There will be some small corrective phases within of course, but let the good times roll for 2-3 more months. I think scenario 1 is more likely, however, the move will tell us which will occur!
by Ian_Carsen
BlackRock ($BLK): Eyeing $914–$874 for ReversalOnce again, our analysis has proven accurate. Following our initial call, NYSE:BLK rallied by 15%, only to retrace by 12%, erasing nearly all gains from the past three months. This serves as a valuable reminder that protecting capital often outweighs chasing setups with lower conviction. Currently, NYSE:BLK is nearing the level we’ve been monitoring, with tomorrow’s earnings report adding some short-term uncertainty and excitement. Despite this, we believe the correction isn’t yet complete. It’s too early to place an order or even set a limit. We will wait for the earnings release and the subsequent market reaction to reassess the situation. Our key focus remains on the $914–$874 zone, where we anticipate a potential reversal and the completion of wave (iv). Once wave (iv) concludes, we expect NYSE:BLK to aim for the previously highlighted targets in our October analysis: $1,057–$1,342. Based on the anticipated completion of wave (iv), the next target for the larger wave ((iii)) aligns with the $1,100–$1,243 range.
NYSE:BLKLong
by freeguy_by_wmc