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Elliott Wave

Bounce Off the Bottom for Merck. MRKWe believe a downward impulse (Elliott) is finished and this is somewhat evident by the two candlestick price action. A change in the tone and flavor of candle sticks in momental OBOS area, overstretched VZO/StochRSI combo can be suggestive of a pivot and we believe this to be happening here. If the outlook is wrong then the obvious and tight stop will prevent large losses. Interstingly Ehlers StochRSI already produced a signal and momentum RSX "tipped."
NYSE:MRKLong
by Rykin_Capital
PalantirWell today was quite the day for PLTR, huh. Over a 10% drop to finish the standard trading day off, followed by another $6 drop after hours. That equates to over a 15% drop in total value in one day. As I mentioned earlier in a post that a member made, we may not know what will cause a drop, just the area in which it is likely to occur. I had mentioned in a previous post that in the $125-$130 area there was a lot of confluence and that it would be an ideal place for the pattern to terminate and begin consolidating in wave (4). Well, the high made today, which was an ATH, was $125.40. This was a whopping $2.57 away from the 1.618 I said to watch for a reaction from. This is textbook price action on the larger time frames. I also quite often say that the larger counts are king. That is exactly what we saw today. I made this post more zoomed out to show you a better view of the larger pattern that we're tracking. The HUGE drop made today is just a tiny little blimp in the overall structure. I also made an arrow pointing to the wave 4 of a lesser degree. I do not want to see us breach that low under any circumstances. To do so would indicate the pattern is headed much lower. Instead, I want to see us make an abc pattern into the target box that ranges from $70-$83. Remember, this is a wave (4) and thus, will likely be very complex. DO NOT lose sight of the picture painted here. Regardless of how complex it gets; this is the target area we should hit. This wave (4) will likely be deep and long due to wave (2) being short and shallow. In order to keep the theory of alternation, this is what will be the standard move. I would imagine we get some sort of consolidation higher tomorrow from investors thinking this is a buy the dip situation. I am here to tell you that is EXTREMELY unlikely. Whatever move higher we get in the next few trading days will likely be given right up as we move towards the target box. Hopefully you had stops set to protect your positions as I had recommended. If not, maybe consider placing them now. Let me know if you have any questions or anything is unclear.
NASDAQ:PLTR
by TSuth
6
Microsoft Wave Analysis – 19 February 2025 - Microsoft reversed from strong support level 405.00 - Likely to rise to resistance level 417.80 Microsoft recently reversed up from the support zone between the multi-month support level 405.00 (which has been reversing the price from September) and the lower daily Bollinger band. The upward reversal from this support zone stopped the C-wave of the active ABC correction (2) from the start of December. Given the strength of the support level 405.00, Microsoft can be expected to rise to the next resistance level 417.80 (which reversed the price at the start of February).
NASDAQ:MSFTLong
by FxProGlobal
Will ANKRUSDT Finally Break Out? Key Levels to Watch Now!Yello, Paradisers! Is ANKRUSDT gearing up for a breakout, or is more downside coming? Let’s break it down. 💎ANKRUSDT has been forming a well-defined descending channel with a triple zig-zag pattern and bullish divergence, increasing the probability of an upcoming bullish move. 💎For a confirmed breakout, ANKRUSDT must show strength, break above the descending channel and resistance, and close a candle with strong volume. If that happens, the probability of a bullish move significantly increases. 💎In case of a retracement, a short-term bounce could be possible if we get a bullish Internal Change of Character (I CHoCH). However, considering the broader crypto market conditions, this remains a low-probability setup. 💎On the other hand, if we see panic selling, leading to a breakdown and candle close below the key support level, it will invalidate the bullish setup entirely. In that case, it’s best to wait for a stronger price action formation before taking any trades. 🎖 Patience and discipline are key in such setups, Paradisers. The market will always offer new opportunities—our job is to wait for the highest probability trades and execute with confidence. Stay sharp! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Bitcoin - No one is expecting this move! (must see)A lot of people are turning very bearish on Bitcoin, but I don't think it's time to be bearish, the bearish trend is not confirmed at all, and the price of Bitcoin should first touch the long-term major trendline (2017 -> 2021 -> 2025). You want to sell at the touch of the trendline. The second option is to use the Fibonacci extension tool and look for the 1.618 FIB. I did it for you, and the 1.618 FIB is exactly at 122,069 USD. Bitcoin is currently in the final stage of the bullish cycle that started in 2022 (15,632 USDT) and is predicted to end in 2025 (around 125,000 USDT). This was a pretty good investment, but if you are jumping in right now, you will most likely get hurt in 2025 and 2026. Let's take a look at history to see what we can expect in the next few years. Bitcoin crashed by 84% (in 2018) and 77% (in 2021). These are the classic bear market crises that Bitcoin experiences every 3–4 years. It's because we have halving events (reducing rewards for miners in BTC) every 4 years from a fundamental perspective. You may know that Bitcoin is highly volatile. History is telling us that in 2025/2026 a huge bear market and crisis are ahead. From the Elliott wave perspective, we are in the final wave (5). We can expect an ABC correction in 2025/2026 which would bring the price down to 50,000. I bring you very strong technical data that you can use on your trading decisions. In conclusion, I am currently optimistic about the price of Bitcoin for the next weeks and months. I think Bitcoin will hit 120k to 125k before we experience a major drop or flash crash. It's safe to buy/long Bitcoin, but do not forget to take profit! 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!
BITSTAMP:BTCUSDLong
by Xanrox
128
Gold (XAUUSD) Short-Term Elliott Wave Analysis - updateShort-term Elliott Wave outlook for Gold (XAUUSD) suggests that, The 5th Long Wave has been Completed: This marks the end of an impulsive uptrend. Gold is now transitioning into a corrective phase. Current Move: 5th to A Wave in ABC Correction Wave A is unfolding, which is expected to be a 5-wave impulsive decline. Target: $2900, which would complete Wave A. Expect a sharp downside move towards this level. Volatile Zone Ahead: Wave A to B transition is indecisive but impulsive, meaning both buyers and sellers will be active. A to B could retrace part of A, creating whipsaws before a final C wave drop. Key Price Levels to Watch: Immediate Resistance: Near recent highs (~$2,940 - $2,960). Support for A Wave Completion: Around $2,900. If A-B reversal starts: Expect a bounce towards $2,920-$2,930 before a potential final C leg lower. Strategy & Considerations: Short-term traders: May look for selling opportunities on retracements if momentum aligns. Volatility Expected: Since A-to-B is indecisive but impulsive, wide price swings are likely. Confirmation Needed: A break below $2,900 with volume would confirm deeper downside potential. Conclusion on Gold (XAUUSD) Short-Term Elliott Wave Analysis - Gold has completed its 5th long wave and is now in a corrective ABC phase. Currently, it is forming Wave A, which is expected to be a sharp 5-wave impulsive decline, likely targeting $2,900. This phase is typically volatile, with indecisive but strong price swings as the market transitions from Wave A to B. If Gold reaches $2,900, expect a temporary bounce (Wave B) before the final C wave determines the next major direction. Traders should monitor key support at $2,900 and watch for potential retracement towards $2,920-$2,930 before further downside continuation.
CAPITALCOM:GOLDShort
by shiva560060
GOLD - ELLIOT WAVE EXPLINATION - 15 minsElliott Wave analysis suggests that Gold is currently in the ABC corrective phase, where: Wave AB has been formed (possibly an impulsive or corrective leg). Wave BC is expected to be a 5-wave down move, which indicates a likely zigzag correction (5-3-5 structure). Target for BC = $2840 level, implying a significant downside move. Key Considerations for This Analysis: Wave AB Completion: If AB is a sharp move up, BC is likely to be a deeper retracement. If AB is corrective, BC might be more complex. BC Wave Structure (5-Wave Down Swing): If BC follows a 5-wave impulsive structure, it suggests a strong downward move, potentially confirming the zigzag correction. First signs of a strong sell-off should appear in wave 1 and 3 of BC. $2840 Target Justification: If BC retraces 61.8% to 100% of AB, then Fibonacci projections could align with $2840. Additional confluences from trendline support or previous wave structures should validate this. Confirmation Points for BC: Breaking below key support levels to confirm wave 1 of BC. Failing to break previous AB highs would invalidate any further bullish move. Possible Elliott Wave Count for Gold Primary Count: ABC Zigzag Correction A: Up Move B: Partial retracement C: 5-wave impulsive decline (targeting 2840) Alternate Count: If Gold breaks above the current high of AB, then the count needs to be re-evaluated for a potential larger-degree bullish wave structure. Conclusion: If Gold follows the 5-wave down structure in BC, then the downside move is valid, and the next major target would be $2840. However, confirmation is needed from price action, trendline breakdowns, and volume patterns before fully committing to the bearish view.
CAPITALCOM:GOLDShort
by shiva560060
1
BTCUSD Long Term Short Many traders are turning bearish on Bitcoin, but the bearish trend is not confirmed yet. Bitcoin’s price should first touch the long-term major trendline before a potential reversal. A good strategy is to sell at the trendline or use the Fibonacci extension tool for targets. Bitcoin is in the final phase of its bullish cycle, which started in 2022 and is expected to peak in 2025. Entering now could be risky, as a major correction is likely in the following years. Past cycles show Bitcoin experiences strong bear markets every few years due to halving events. From an Elliott wave perspective, Bitcoin is in its final wave before a potential correction. A price drop is expected in 2025 or 2026, bringing Bitcoin significantly lower. In the short term, Bitcoin is likely to rise before experiencing a major correction. Traders should consider taking profits and managing risks wisely.
BITSTAMP:BTCUSDShort
by amirkhonov
1
GOLD → Bullish trend, but the price depends on the newsFX:XAUUSD bounces off previously tested trend support and gives a chance for possible upside. Economic risks are still high and gold as a safe haven is in demand Investors are cautious ahead of US-Russia talks in Saudi Arabia where they will discuss a possible end to the conflict in Ukraine. Weak risk appetite is supporting the dollar, also helped by comments from Fed officials. They express concern about inflation and call for caution in cutting rates. The attention of market participants is directed to the upcoming speeches of the Fed members and the publication of the minutes of the January meeting Technically, the price broke 2905 in the Asian session, at the moment this area plays an important role as support. The first target is 2922, the second target is 2938 Resistance levels: 2922, 2938 Support levels: 2905, 2893 The most likely scenario is a retest of support amid the global uptrend, as liquidity below 2905 is still of interest to the market. But, the price may continue to rise due to imbalance from the bullish side. A breakout and consolidation of the price above 2915 may also trigger a rise. Regards R. Linda!
FX:XAUUSDLong
by RLinda
15
One More Close and SPY Will be Running!!!Typically I share the signals of my King Trading Momentum Strategy, which combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes and even a little thing called Beta! But this time it is all about technical analysis. On SPY I originally thought we truncated wave 5 but now that we closed above the all-time high just one more close higher to confirm and this one is off to the races. Today it even retested breakout, held and bounced hard higher into close (super bullish). Impulsive waves are important to me with my momentum strategy, as instead of chasing missed opportunities I simply take the next signal on the hourly, as the strategy is optimized for over 100 beloved equities (if enabled in options)! There is always another trade when SPY goes impulsive! Currently signals have fired on TNA, SPXL, SOXL, TQQQ & UDOW (3x leveraged ETFs) just to name a few. If that doesn't make you feel bullish then I'm not sure what will!
AMEX:SPYLong
by KingTrading999
Wave 4 Triangle or Running Flat? Key Levels to Watch!As seen in the chart, I'm tracking a potential Wave 4 triangle forming in gold. The price action has respected the A-B-C-D-E structure so far, suggesting that consolidation might be nearing completion before a breakout into Wave 5. However, if the price breaks above Wave D's high prematurely, this would invalidate the triangle and suggest that Wave 4 already ended as a running flat, meaning we may already be in the early stages of Wave 5. Key Levels to Watch: 🔹 Resistance: – The triangle scenario is invalid if the price breaks above this level without completing Wave E. 🔹 Support Zone: – Holding above this would strengthen the case for a triangle breakout. 🔹 Invalidation: A strong impulse below the support zone could indicate a deeper correction instead of Wave 5 beginning. If the triangle holds, we could see one more touch of support before Wave 5 extends higher. Otherwise, the market may already be heading up in a more aggressive move. Which scenario do you think will play out? Drop your thoughts below!
OANDA:XAUUSDLong
by ElliottWaveFxMajors
EURUSD Hits Resistances—Reversal Incoming?As I expected in the previous post , the EURUSD( FX:EURUSD ) touched my Targets and is creating the second top of the ascending channel. The EURUSD is in the Resistance zone($1.0537-$1.04500) , Potential Reversal Zone(PRZ) , Resistance lines , and Time Reversal Zone(TRZ) near the Monthly Resistance(1) and the upper line of the ascending channel. In terms of Elliott wave theory , EURUSD seems to be completing microwave 5 of the main wave C of the Zigzag Correction(ABC/5-3-5) . I expect the EURUSD to start falling soon, and it is likely to form a Head and Shoulders Pattern to continue the decline. Note: If EURUSD touches $1.055, we can expect more pumps. Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put 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.
Short
by pejman_zwin
9
CAKEUSDT → False breakout of resistance. Return to the trendBINANCE:CAKEUSDT is forming a false breakdown of key resistance as part of a bullish rally. Further altcoin decline may be influenced by bitcoin's decline, the flagship looks rather weak Technically, the move in Cake looks like a counter-trend maneuver to gather liquidity before a further, possible fall. The altcoin market is weak and most coins continue to look for a bottom, while bitcoin is consolidating but with a hint of a decline to 91-90K. CAKEUSDT is focusing on 2.6144 - 2.7288. If the bears keep the price below these zones, the coin could head down in the short to medium term Resistance levels: 2.6144, 2.7288, 2.2964 Support levels: 2.420, 2.0634 Statistically, a false breakdown provokes the strongest movements, often even trend changes. In this case, it is a counter-trend movement and if the price reverses locally, the coin will be under the pressure of the trend again. A price fixing below 2.6144 may strengthen the fall to 2.42, 2.06, 1.04. Regards R. Linda!
Short
by RLinda
11
BITCOIN → Consolidation. Shake-out before growth to 110KBINANCE:BTCUSD is consolidating both locally and globally. The market lacks drivers, but at the same time, big players continue to keep the coin from falling further Bitcoin is in consolidation or in a localized correction due to Trump putting cryptocurrencies on the back burner. No supportive executive orders have been issued, except that there is a little noise around the federal reserve, but only from the states and that is in question what assets will fill this fund, confiscated or still politicians will start buying BTC. As for the global economy regarding bitcoin, a lull has been forming lately. Except for SOL and DOGE, for which the SEC has already started accepting applications to launch ETFs. Technically, I'm keeping an eye on local consolidation: 94800 - 98400. A breakout of resistance could give hope to the market and in that case bitcoin could strengthen to 102 - 107K Resistance levels: 98.4, 100.2, 102.7 Support levels: 94.8, 91.3 But, based on the general technical situation, there is a huge pool of liquidity in the 91-90K zone and before further growth the price may test this zone and form a false breakdown before the market returns to active buying. Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
34