Elliott Wave
TSLA Harmonic Elliott Wave and Hurst's Cyclic AnalysisI view the move from April to December 2024 as wave A of 3. Since then, we have been in wave B of 3, forming a double zigzag correction. Currently, we are in the final stages of completing this correction and preparing for a strong bullish move as wave C of 3.
To estimate the bottom, we analyze the retracement of wave A of 3. A 0.586 retracement suggests a level of 285, while a 0.618 retracement points to 274.
From a cycle perspective, the April 2024 trough marked an 18-month cycle low. We are now nearing the completion of the first 40-week cycle within this 18-month cycle, with the trough expected in the first week of March.
DOGE: Paws and ReflectIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
DOGE Bull Variant: Key Levels & Bullish Confirmation
Dogecoin (#DOGE) is showing some bullish potential, but it’s far from a done deal. While we’ve seen a reaction out of the Golden Corner Pocket, the bulls still have work to do before confirming a sustained move higher. Here’s what I’m watching to determine if this setup is worth my money.
Golden Corner Pocket Reaction – But Is It Enough?
A reaction from a Golden Corner Pocket is often a strong technical signal that suggests a potential continuation in trend. However, a reaction alone isn’t enough—it’s the follow-through that matters. Right now, DOGE has made a move, but I need clear bullish confirmation before considering a trade.
Step 1: Breaking Above $0.25 in an Impulse
For bulls to prove themselves, $0.25 is the first key level to clear in a strong impulse. This move would indicate buying strength and a willingness to push beyond resistance zones. Without this break, the reaction out of the Golden Corner Pocket could be nothing more than a short-term bounce.
Step 2: Taking Out a Lower High
After breaking $0.25, the next sign of strength will be taking out a prior lower high. This would indicate a shift in market structure and signal a stronger bullish trend development rather than just a temporary push up. Until this happens, the setup remains unconfirmed.
Risk Management: If Bulls Don’t Deliver, I’m Out
I’m not in the business of hopium trades—if the bulls fail to step up, DOGE doesn’t get my money. Simple as that. Without a clean breakout and confirmation of bullish intent, I’ll remain on the sidelines and wait for a better opportunity.
Final Thoughts
Right now, DOGE is at a crucial moment—a reaction out of the Golden Corner Pocket is promising, but $0.25 needs to break with conviction, and we need to clear a lower high to establish bullish control. Until then, I’m watching but not committing.
What’s your take? Do you think DOGE bulls have what it takes, or are we looking at another failed rally? Drop your thoughts below!
Trade safe, trade smart, trade clarity.
GOLD: Retesting trend support before the NEWS.:
🚀 XAU/USD Bullish Outlook – Ascending Channel Holding Strong! 📈
🔹 Gold Spot (XAU/USD) – 1H Chart Analysis
📊 Current Price: $2,937
🎯 Target 1: $2,960
🎯 Target 2: $2,980
🛑 Invalidation: Break below the trendline
📌 Key Insights:
✅ Ascending Channel Intact: Gold is trending within a well-respected ascending channel, with price bouncing off the lower boundary, signaling bullish strength.
✅ Strong Support & Liquidity Areas:
The recent Fair Value Gap (FVG) and Break of Structure (BoS) indicate key liquidity zones where buyers have stepped in.
A confirmed Change of Character (ChoCh) suggests a shift back to the upside.
✅ Bullish Momentum Building:
Price recently bounced off trendline support, forming higher highs & higher lows – a textbook bullish structure.
If momentum holds, we could see $2,960 - $2,980 in the coming sessions.
🚨 Risk Management: A break below the trendline could invalidate this bullish setup, potentially leading to a drop toward $2,900 support.
📢 Do you think Gold will hit $2,980? Comment below with your thoughts! 👇👇
#Gold #XAUUSD #Trading #Forex #TechnicalAnalysis #AscendingChannel #BuySignal 🚀🔥
AVAX | Elliott Contracting Triangle | Bullish ContinuationLooking to see price reaccumulate at these lows and to finally take off some time around April.
I'm eyeing next targets to be around $80 after we breakout from the contracting triangle.
Overall price action is in the expansion phase out of the 4 Market Cycles and this adds a lot of confluence for a bullish play to come.
SPY Ready for Impulsive or Ending Diagonal?This 5th wave isn't feeling impulsive at all and if anything is indicating bearish RSI divergence. For these reasons, I feel that wave 5 is in what we call an ENDING DIAGONAL. Ending diagonals are really tricky to trade, as they have a series of overlapping movements. Price struggles to move higher, indicating exhaustion. Will still get a move to the 630 to 670 area, but if trying to trade it, the ups and downs vs impulsive behaviors make this tough to trade. After completion, there is typically a deeper correction, and since I am expecting a larger wave 4, this feels correct as well.
Now there is always a chance we haven't finished the prior larger wave 4 and we are either in a running or expanded flat, but will need to see a bit more to understand that scenario. Running flat would reverse soon and then impulsively higher vs expanded will undercut 574 and then rip higher (show on chart with green impulsive waves).
Elliot wave is so much easier to understand once the waves are completed vs speculating where they are going next!
[PI Coin] If 0.68 holds, we should start wave 3 up towards $4BITGET:PIUSDT chart is setting up nicely for a bullish up-move, if 0.68 holds which happens to be the wave 2 low. If these counts are correct then we have completed minor wave (1) of larger 3 and (2) of 3 is in progress. That leaves wave (3) of larger 3 to start which should cover most of the distance towards wave 1 and 3 equality around 4 usd.
Down for BitcoinHi traders,
Bitcoin is in a big range. If it wants to go up I think it could come down one more time into the direction of the dotted trendline to break the previous lows.
So at the moment we could see more downside for this pair.
If Bitcoin wants to make a new ATH it could not go lower than (orange) wave 4.
Let's see what the market does and react.
Trade idea: Wait for a sweep of the previous lows, a change in orderflow to bullish and a small correction down on a lower time frame to trade longs.
If you want to learn more about trading ICT concepts with wave analysis, please make sure to follow me, give a boost or respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis.
If you don't agree, that's fine but I don't need to know it.
Don't be emotional, just trade!
Eduwave
The Bullish Case of ORDIORDI seems to be finalizing the major wave (2) soon.
I expect a final dip below $10 that should mark a major bottom with a condition of finding a strong buying volume during this expected drop that breaking $11.792 would confirmed it.
Passing $30, then $53, confirms a new all-time high and potential for much higher targets.
#ORDI
Up for goldHi traders,
Last week XAUUSD slowly went up after a bigger correction down the week before.
It looks like this pair finished (grey) wave 4 and is now in (grey) wave 5.
It this is true, then next week we could see more upside again.
Let's see what price does and react.
Trade idea: Wait for for a change in orderflow to bullish and a small correction down on an lower time frame to trade longs.
If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis.
If you don't agree, that's fine but I don't need to know it.
I do not provide signals.
Don't be emotional, just trade!
Eduwave
Down for SPX500USDHi traders,
Last two weeks price action of SPX500USD followed exactly my outlook. On Monday February, 10 price closed above the low of previous Friday. And after a correction down it made a new ATH last Wednesday. After that it dropped.
So I think next week we could see more downside to take the liquidity under the previous lows.
Let's see what the market does and react.
Trade idea: Wait for a correction up to finish and after that a change in orderflow to bearish to trade shorts.
If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis.
If you don't agree, that's fine but I don't need to know it. I do not provide signals.
Don't be emotional, just trade!
Eduwave
More upside for EUHi traders,
The last two weeks the price action of EU went as I've predicted in my outlook. It finished the correction down and after that it went up impulsive to follow with another correction down.
This does not look like an impulse wave 3 so I think I have to update the wavecount later. But at the moment this pair is still bullish.
So next week we could see another impulsive wave up into the direction of the Daily FVG higher.
Let's see what the market does and react.
Trade idea: Wait for a change in orderflow to bullish and a small correction down on a lower timeframe to trade longs.
If you want to see more from my analysis, please make sure to follow me, give a boost or respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it.
Don't be emotional, just trade!
Eduwave
ENA Broken Trendline
In the 4H Chart, it looks like the ending diagonal (blue 1-5) has finished, with the break of the green descending trendline.
Bullish follow-up would take to the 3 resistance levels shown in purple, at 0.50, 0.54 and 0.65.
Invalidation is at 0.3858.
US500/SPX morning analysisBearish analysis of US500/SPX.
Weekly RSI with bearish divergence.
Median line of pitchfork remains untagged, implying move down towards October 2022 low.
Convergence of fib levels/resistance at 6123.9-6144.4; length of move from October 2022 low is the same length as move from March 2020 low to January 2022 high, ATH with near-perfect tag of 2 fib channel expansion projected from January 2022 high to Octobe 2022 low.
NIFTY50.....On track with my forecast!Hello Traders,
Personal note!
I am at home during my rehabilitation program after my stroke. A short break from the daily rehab routine.
I expect to continue my rehab until the 6th of March 2025.
After that, I hope to be back to normal.
Thank you all for your understanding and best wishes for a speedy recovery!
Kind regards
Rubennase
The chart!
After an unsuccessful breakout from the Ichimoku Kumo, the NIFTY50 followed the path of a correction. A new multi-week low was made on Friday the 21st at 22720! The index is on track with my analysis and short hand to touch my multi-week analysed price target @22167!
There is a possibility that the N50 will recover from its multi-week low @22167 and start a new impulse (?) move higher. A daily close above 22167 is important for this idea!
More interesting is the fact that the N50 will follow the path to my target range in the coming weeks. There is more bearish potential!
A break of 22587 will establish the trend to the downside!
At 22006 the waves a=c! Note this fact! A possible "spike" to the downside is probably something to think about!
Well friends, that's it for a quick note.
See you after my rehab, and thanks again!
Kind regards
Red Nose
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
#xauusd-Gold ScenarioHello dear friends
According to the wave counting, we are still on the upward path of gold.
It seems that the best target for the ceiling of the upward wave in the daily time frame is the price range of $3150, but this path is accompanied by corrections, which our forecast can be seen in the image.
Good luck
BITCOIN → Price is in consolidation, but there are bullish signsBINANCE:BTCUSD broke resistance and gave a 4% momentum, it is not enough yet, but we have triggers and key zones. Price is still in consolidation, but it is likely that spring may be close.
You may ask - why are there two scenarios here? Up↑ and down↓ (before growth) ?
Well, the price is in consolidation and we have no clear assumptions in which direction the price will go. But we have key levels and zones, price behavior relative to them will tell us where the price will go.
So, let's get to the bottom of it!
Fundamentally , there is a small but important nuance: This week Trump said: “I am done with the war against cryptocurrencies”.
Followed by almost $ 1bn dollars flowing into binance. Is someone getting ready for something?)
1) Technically, we have a trigger for further growth: $99000 - $99300 zone. If the bulls hold the price above the previously broken descending line, the price will head to attack the trigger in the medium term. A breakdown and price consolidation above 99K could trigger a rally.
2) But, chances of reaching 90-91K before rising are still high. If the price continues to test 94.8 - 95K and gradually push through this zone, everything will become obvious. In this case we will wait for a retest of 90K and further growth.
Resistance levels: 99200, 102700
Support levels: 94800, 91280, 90К
On the daily and weekly timeframe we can see that the price is forming a strong consolidation after a strong growth. Globally, this is a positive sign for a continuation of growth, but locally, inside the range, set-ups can be both short and long.
Regards R. Linda!
GOLD → Retest of trend support before the NEWS FX:XAUUSD is forming a false breakdown of the lower boundary of consolidation and support of the uptrend within the correction. Traders are waiting for S&P Global PMI indices in the US.
The gold price has rolled back from the record $2,955, but still retains chances for growth continuation. The decline is due to profit taking as traders prepare for the release of the S&P Global PMI indices in the US.
The PMI data may affect the expectations for the Fed to cut interest rates. Nevertheless, a possible price drop on the back of strong PMI data could be short-lived if Trump's new tariff plans reignite demand for safe-haven assets.
While gold may continue to correct, any drawdowns are likely to be seen as a near-term buying opportunity
Resistance levels: 2933, 2939, 2946, 2955
Support levels: 2924, trend support
A false breakdown of the uptrend support is forming. If the bulls hold their defenses above the key area, gold may continue its rise in the short to medium term. But, the short-term outlook depends on the news
Regards R. Linda!
USDJPY → Retest of key resistance before fallingFX:USDJPY breaks the bullish structure of the market. Dolla in the correction phase has a favorable impact on the market. The currency pair is forming a retest of the previously broken trendline after a strong impulse
The yen reached a 10-week high on Thursday, causing the USDJPY pair to fall to 149.5. Investors are looking for safe-haven assets due to increased trade tensions caused by Donald Trump's aggressive tariff policy.
The Japanese currency received additional support due to expectations of an interest rate hike by the Bank of Japan, which will increase its attractiveness for investors
For now, the focus is on the 0.5 fibo resistance zone, 150.95, and previously broken upside support
Support levels: 149.5, 148.64
Resistance levels: 150.95, 151.4
Most likely, before a possible fall, the price will be able to test the previously broken support, and now it is resistance 150.95 - 151.4. False breakdown of the key Fibo zones may provoke further fall.
Regards R. Linda!
TAO still bullish or in bear market phase?We have two potential scenarios for TAO:
1.) Bullish Scenario: This is based on the macro degree wave 5, where the 1-2 wave structure has already completed, and we are currently in the process of unfolding the remaining subwaves 3, 4, and 5. If this scenario plays out, we are targeting levels above $1000.
2.) Bearish Scenario: This scenario remains a possibility, as the macro wave 5 may have already terminated, signaling the start of a larger corrective phase. In this case, we would be entering a bear market, with a potential ABC correction unfolding.
BNB Ending Diagonal
The continuous grind to the upside for BNB is typical of an ending diagonal, with wave 4 overlapping wave 1 in zigzag patterns.
I am considering we are currently in blue B of black 5. A reversal to the upside below 616 (50% pullback), will be a long trade trigger.
OIL Short Term RecoveryFor the next few days, I expect a recovery of oil price targeting blue resistance around 74.50
This is supported by:
- Bullish RSI divergence in the recent low
- No RSI divergence on the recent high
- Break of green descending trendline.
Crypto Market Is Trying To Resume Its Bullish TrendBitcoin remains under intraday bullish pressure with room for more gains, especially if we consider that NASDAQ100 is still pointing higher. So, seems like risk-on sentiment is still here and we should be aware of a bigger recovery in the Crypto market, even because of the USdollar that shows strong bearish momentum. Crypto TOTAL market cap chart looks to have a completed wave (2) correction and it's actually just about to break channel resistance line which confirms that wave (3) is in progress. Can ALTcoins follow Bitcoin soon?
