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Elliotwaveanalysis

#GOAT/USDT Short-Term Rally or Wave 5 Decline ?#GOAT/USDT is currently forming a descending channel with a 5-wave Elliott Wave structure. The price shows potential for a short-term upside move toward $0.69, which acts as a crucial resistance level at the upper boundary of the channel. If rejected at this level, the price may continue its downtrend toward $0.32, aligning with the lower channel boundary and Wave (5) target. Traders should watch for a breakout or rejection at $0.69, as it will determine the next significant move. A breakout could signal further bullish momentum, while rejection would confirm the continuation of the bearish trend. BYBIT:GOATUSDT.P
by wolfchemist
1
SP500: Watch This Key Support LevelStrong US jobs data was released today at 14:30 CET, showing 256K new jobs versus the expected 164K, while the unemployment rate fell to 4.1%. This stronger-than-expected data could lead to more risk-off sentiment, as 97% of speculators now believe the Fed will hold rates steady at its next meeting. As a result, with stocks pulling back and the USD strengthening, even cryptocurrencies could face more weakness. Remember, Powell delivered a hawkish cut back in December, when they noted that there can be less cuts in 2025 due to strong economic projections for 2025 which can bring infaltion back up so they must be carefull with rate decision. And this data today is reason why FED may stay on old, rahter than cut and why then stocks can resume even low, which have been in corrective territory since the last Fed meeting in December.The key focus now is identifying the next major support level for stocks. I believe that once stocks turn back to the upside, it could open opportunities across other assets, including cryptocurrencies. Looking at the S&P 500 futures contract, there has been a slow but steady recovery since early November, following Trump’s win in the US elections. However, the market may attempt to liquidate latecomers who joined the stock rally after Trump’s victory. The 5,700 level on the SP500 futures stands out as a critical support zone, acting as a “stop-loss” level for many positioned in the well-known “Trump trade.” If the price reaches this area, more liquidations could occur, potentially clearing the way for a stronger bounce. Markets rarely move straight up that will profit everyone; liquidations often happen on the way higher. There is no easy money. From an Elliott Wave perspective, the sharp drop from all-time highs looks like an incomplete correction. The current sideways movement likely forms wave B, suggesting that wave C could lead to more liquidations toward the 5,800 level, which I see as a very important support zone.If this is indeed is a triangle in wave B, keep in mind that moves out of triangles are final in the sequence, meaning any drop could be limited before the market turns higher. So, I still believe risk-on sentiment will return, but this may not happen until Trump officially returns to office and market positioning settles for 2025. Regarding Bitcoin, I see the 85,000–87,000 area as a very interesting support zone, where more downside could be limited. Grega
CME_MINI:ESH2025
by ew-forecast
Wave C Correction, are we ready to reverse? Currently we are in Wave C correction, the last wave of correction in this 12345abc structure. We got support at a YELLOW support trend line that started since Nov. Currently Wave C is in between 0.5 to 0.618 FIB Extension of Wave A. Ideally I'd like to see Wave C correct to at least to 0.618 Extension of Wave A. So if the yellow support line fail, we will see if it hold the 0.618 extension of Wave A Level Or what's after that would be 0.786 extension of Wave A, or a 0.618 retracement of the previous 12345 Impulse wave patter. Fundamental can play into the Fib level I mentioned, we can have a slow chop down to those level until US president take office and announce his plan to improve the country's economic outlook. To simplify what I mentioned above, here is our support target for entry (trade at your own risk) $3110.96 (0.618 extension of Wave A). $3029.16 (0.618 retracement of the 12345 Impulse Wave Structure). $2942.10 (0.786 extension of Wave A). $2735.29 (0.786 retracement of the 12345 Impulse Wave Structure). $2727 (1.0 extension of Wave A) Happy trading, don't catch the falling knife.
by polarity
1
Gold Buy Setup: Bullish Price Action at Fibo 61.8#GOLD has completed a short-term pullback on the H4 chart and now shows bullish price action signals at the Fibonacci 61.8 retracement level. Two consecutive pin bars support this zone, indicating a strong rejection of lower prices. The structure aligns with a 5-3 wave setup, suggesting the potential for at least a three-wave upward movement. My initial targets are the key resistance levels at 2660 and 2700, where I anticipate significant price reactions. If these levels are cleared, it could lead to a breakout of the previous structural resistance, paving the way for a stronger bullish continuation. On the flip side, failure to break these levels may result in a bearish reversal. This setup provides a high-probability trade with an excellent risk-to-reward ratio for upside movement.
FX_IDC:XAUUSDLong
by Trade-Insider
GOAT/USDT Elliott Wave Analysis Short-Term The chart highlights a descending channel pattern integrated with Elliott Wave analysis, indicating possible short-term price movements. Currently, the price is navigating through Wave 4 and nearing a key resistance zone. Key Observations The price action reflects an Elliott Wave corrective structure within a descending channel. The ongoing Wave 4 suggests an upward move towards $0.69, a significant resistance level. After testing this resistance, the price could retrace to $0.32, completing Wave 5. Strategic Implications Watch for potential rejection or breakout signals around the $0.69 resistance zone for short-term opportunities. The projected dip to $0.32 could be a better area to re-enter for short-term trades. Focus on confirmation of Wave 5 completion to reassess the trend and strategy. Short-term traders should remain cautious and agile as the pattern unfolds.
by wsaetos
My indicator Small SL big Target only BINANCE:BTCUSDT I use a indicator with leading indicator these can find trend reversal ,strong trend ,week trend , usefull small SL big Target , accuracy 60 to 70% but reward was minimum 1:8 maximum 1:25 to 1:35. It's pure price action with advance leading indicator find strong support and resistance also trend lagging lagging indicator given entry with price action of Elliot wave 2nd wave point entry 3 rd wave capture big Target 1:25 to 1:35 also capture c wave target 1:15 to 1:25 entry in b point and 5th wave also capture with point 4th entry for target 1:15
by pradipbhalerao8
Mr.Million | Long-term View on BTC, Trading Recap, KRW & SamsungI am Mr.Million🤵‍♂️⚡, and Welcome to my insights guys. I'm the most winning trader in trading competitions worldwide (5 wins) and hold the record for the highest ROI at 12,300% . I've made more than enough money, so now I'm here to share my analysis with you. ⚡My Long-term View on BTC Technically, we are near the end of Wave 1 (in white) of Intermediate Wave (3) (in blue), barring an ending diagonal that could extend Wave 1 slightly further. Personally, I have liquidated 75-80% of all my long-term positions (including altcoins) and am holding a significant portion of my assets in cash, anticipating a possible correction down to $60-70k. In the meantime, I may take short positions - very cautiously, though - when the wave count gives a clear signal. ⚡Why I Remain Bullish on BTC In my earlier post, I outlined four (4) reasons why I am still bullish on BTC, even at $100k. One main reason is the continuous buying at the institutional level and the FOMO among various governments to acquire BTC as a reserve asset. With these favorable tailwinds, the current chart behavior for BTC, which may appear weak, is likely a healthy, short-term correction. I believe a potential dip down to $60-70k could be a once-in-a-lifetime buying opportunity, and if it does happen, I’ll be backing up the truck (and the first in line to buy heavily)! $60 - 70k = Very Strong Buy 🚛🚛🚛 ⚡Trading Recap since Dec. 13, 2024 Total P&L since Dec. 13, 2024: + $263,091 For the proof of my P&L, feel free to check out my YouTube live stream from Jan. 3, 2024. (P&L verification begins at the 19:08 mark and my YouTube channel link is in my profile.) Below is a summary of the trades I took between Dec. 18, 2024 and Jan. 2, 2025. A short position (Dec. 18, 2024): Reason for trading: Bearish RSI divergence on both the 4-hour and 15-minute chart. Took half profits at ~103k and liquidated the entire position ~99k near the trend line (drawn in white) anticipating a potential ending diagonal play (which did not materialize, as the price continued to fall). A short position (Dec. 26, 2024): Reasons for trading: 1) ABC correction (in red) with C as an impulse (1-2-3-4-5 wave in white) 2) RSI divergence on the 30-min chart Took half profits at ~$95.7k and exited fully ~$93.6k (as I did not expect it to reach the low of Wave (B)). A long position (Dec 30, 2024): Reasons for trading: 1) Failed breakout below the red horizontal line (previous support level) 2) Bullish RSI divergence on the 30-minute timeframe. Initiated the long at ~$93k but exited almost instantly ~$92.5k - just below the low of the entry bar - with a small loss, as the price broke below the support line again (the red line) and continued to fall. Re-entered another long ~$93.2k as the price action showed signs of strength, along with a bullish divergence on the 4-hour chart (not shown here). Took partial profits at ~$94.4k and liquidated the entire position ~$95.2k, falling short of my profit target to attend to other business. ⚡The Korean Won and Samsung Interplay The South Korean Won is nearing 1,500 against the USD, approaching the levels last seen during the 2008 financial crisis! I do not believe Korea’s current economic and political conditions are as dire as they were in 2008, suggesting that the Korean Won (against the USD) may be due for a correction - barring any catastrophic black swan events. Over time, I expect it to revert to the mean and move toward the trendline (drawn in white) around 1,200. See also the chart above for the RSI divergence on the weekly timeframe. When/if signs of recovery in the Korean Won begin to show , I anticipate that foreign investors will step in to capitalize on a twofold opportunity - leveraging the recovering Korean Won and the rising Korean stock market valuations. What could be their strategy? Going long on liquid, large-cap Korean stocks - most notably, Samsung. So, keep an eye on the 1,500 level in the Korean Won for a potential reversal. If this happens, consider adopting a contrarian approach and going long Samsung at around 45,000 Korean Won as a long-term investment opportunity (see chart below). ⚡OKX Competition for December 2024 results Guys, as an official ambassador for OKX, I host trading competitions every month. The OKX competition for December 2024 has concluded. Out of 1,457 participants, 616 ended up green for the month - that’s 42.3% of you making money trading futures, such a remarkable feat by any statistical measure! 🎉 If you're interested, check out my YouTube channel for competition details and join in to make some serious money! 💸🎯 Trade smart, aim high, and remember: risk management is your greatest ally. Stay tuned and follow me for more game-changing insights. Yours truly, Mr.Million🤵‍♂️⚡
COINBASE:BTCUSD
by MrMillion_official
3
DAX: Watch 20100-20200 Resistance For A Sell-offThe German DAX is trading slowly for the last few days, here beneath the 20,000 level, which clearly acts as a strong resistance zone. However, I wouldn’t be surprised if more liquidations occur slightly higher, around the 20,100 mark. Because what I’m observing is a minor triangle within current recovery, and these patterns are typically in the middle of smaller trends. This suggests that we might still be missing one final leg in wave B to complete the recovery from December 20th low. After that, a strong bearish reversal could still show up on the DAX, possibly sometime this week. Be prepared and aware of the potential for a deeper correction ahead. GH
PEPPERSTONE:GER40Short
by ew-forecast
BIG BIG weekI think 7 FED speakers, A lot of tension in the markets, tops mean polarisation, considering reflexivity theory extreme volatility will ensue. A lot of people might think the -0.786 ATH we got before the holidays is the top. I think they are mistaken as seen in the analysis below. There is still legroom for higher, this is a big bet on my part. I have a few contracts on the mag7 (GOOGL, TSLA and META) focusing on GOOGL since they seem to be in the same headwind as S&P Let's see how this plays out
CME_MINI:ES1!Long
by Osmanomics
SAND's bullish Movement is not over yet!The price has formed a bullish flag on the daily time frame, and if it breaks out, it can drive the price up to around $0.80. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
NFLX Elliot Wave, Wyckoff Method with Head & Shoulders PatternIt is not always easy to time a short, but looking at this chart I will share a couple of confluences that are interesting from a technical analysis point of view. First, there is a 5 wave completion of the Elliot Wave pattern. Then, based on the Wyckoff method of accumulation to distribution, we can gauge areas of UTAD and LPSY takes place. Lastly, we can form a Head & Shoulders pattern (a small one) and a neckline. One can carefully enter the short after the break and retest of the trendline, which is the safest way.
NASDAQ:NFLXShort
by solfury
Solana (SOL/USDT) Technical Analysis: Critical Levels and PotentIn this analysis of Solana (SOL/USDT), we dive into the key market structure and Fibonacci retracement levels that could guide the next price movements. The 4-hour timeframe reveals a corrective wave structure with crucial levels to watch, offering an excellent setup for both short-term and long-term traders. Key Insights: Retracement Zone Resistance (202.17–208.50 USDT): The price is currently approaching a significant resistance zone between the 50% (202.17) and 61.8% (208.50) Fibonacci retracement levels of the previous wave. This area could act as a reversal point, triggering either a continuation to the downside or a breakout to higher levels. Bullish Scenario: If the price breaks above the 208.50 USDT resistance, we could see a bullish continuation toward 230 USDT or higher. This move would indicate strong momentum and buyer dominance. Bearish Scenario and Key Support Zone (160.00–165.30 USDT): A rejection from the resistance zone could push the price downward toward the highlighted support zone around 160.00–165.30 USDT. This area aligns with key market structure and presents a potential accumulation zone for long positions. Momentum Indicators: The stochastic oscillator is currently in the overbought territory, suggesting that a correction or pullback could be imminent. However, confirmation from price action is essential. Strategy Suggestions for Traders: Aggressive Traders: Watch for rejection signals in the 202.17–208.50 USDT resistance zone to initiate short positions, targeting the 160.00–165.30 USDT support area. Conservative Traders: Wait for a clear breakout above 208.50 USDT or a bounce from the 160.00–165.30 USDT support zone to enter long positions with reduced risk.
Short
by Mohammad_Mirdehghan
5
FORCE MOTORS - ALL TIME HIGH AGAIN ? WHATTTTTTTT....??? HELL YES.. A big OPPORTUNITY in FORCE MOTORS LTD🚀🚀 We saw that this stock was in correction mode since it made an all time high of ₹ 10,100 BUT NOW, it is giving the reversal sign by giving a breakout of downward sloping trendline with good intensity of volume. * As per ELLIOT WAVES the stock is getting ready to move all time high to unfold the WAVE 5th * Stock can be a buy on dip till it touches all time high with the same stoploss mentioned in trading plan at the last with expected targets. Technical view- a simple understanding for beginners * The stock has given a breakout with good intensity of volume. * The price changed its structure from lower low to higher high * Stock price is challenging Upper Bollinger Band in Daily Time Frame * RSI ( a strength indicator) is above 60 in Daily Time Frame which indicates strong momentum * All the momentum indicators such as MACD, DMI etc., are giving positive signals. For those who are new to WAVES, let's Understand the basics of Waves 📈 Key Elliott Wave Principles: 1. Five-Wave Impulse Pattern: The primary trend unfolds in five waves (1-2-3-4-5). Waves 1, 3, and 5 move in the direction of the trend, while waves 2 and 4 are corrective. 2. Three-Wave Corrective Pattern: After a five-wave sequence, a correction typically follows, consisting of three waves (A-B-C) that move against the primary trend. 3. Wave Relationships: Fibonacci ratios play a crucial role in Elliott Wave analysis, often governing the length of the waves. 4. Wave Characteristics: Each wave has its own set of characteristics. For example, Wave 3 is usually the most powerful, showing the strongest price movement, while Wave 5 may signal the final push before a significant correction. TRADE PLAN * one can add at current levels and again if it comes down you will get an opportunity to add more till 6500 * Targets - 8000/9000/9500/10000/ All time high (note- Targets may also react as resistance / hurdle) * Stop Loss - 6160 * Invest keeping in mind for short to long term view, not for speculation. * Always invest only after calculating the financial risk with the given stop loss and then decide your quantity. Thank You KARANN DINGRA 💰🚀
NSE:FORCEMOTLong
by KARANN_DINGRA
4