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Elliotwaveanalysis

Impulsive Wave Rally: AUD/USD Targets 0.70750.Hello traders, Here is my analyis of AUDUSD pair. After AUD/USD completed an upward impulsive wave labeled as wave (1) in the chart, the pair is expected to form a minor correction in wave (2) before continuing the impulsive upward wave (3), consisting of five subwaves. Based on our analysis, waves (1) and (2) have already formed, and it appears we are currently in wave (3). We expect a rally from this zone following the shallow wave (2) correction. The channel break indicates potential reversal areas, suggesting the start of a continued upward phase towards the 0.70750 level as a potential target in the bullish direction. However, a lower low below 0.63623 would invalidate the bullish scenario. Alternative Scenario: The alternative scenario is a further drop in wave (2) towards the 0.64977 price region marked by blue box before the rally to the upside.
Long
by Samuel124
Hellena | DJI (4H): Short to the area of 38566.67.Dear colleagues, I believe that the impulse of the senior wave “1” is not yet over. I assume that the correction is now in priority, so 2 variants of events are possible: 1) formation of lower wave “4” and “5” (39863.75), then correction with the aim to reach the area of 38566.67; 2) The correction will start soon without a new high, but in this case we will have to reconsider the waves. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
TVC:DJIShort
by Hellena_Trade
10
S&P500 ETF Trust (SPY) Fell 0.55% Today is the Bullish Run Over?Economic indicators are crucial for policymakers, advisors, investors, and businesses to make informed decisions regarding business strategies and financial markets. In the week ending May 23, the SPDR S&P 500 ETF Trust (SPY) fell 0.52%, while the Invesco S&P 500 Equal Weight ETF (RSP) was down 1.75%. This article examines three indicators from last week — existing home sales, new home sales, and consumer sentiment. These data points provide an update on the current state of the housing market and consumer attitudes about the current and future strength of the economy. Existing home sales fell for a second straight month in April as elevated mortgage rates and increased home prices continue to weaken demand. The median price for an existing home sold last month was $407,600, an all-time high for the month of April, marking the 10th consecutive month of year-over-year increases for existing homes. New home sales fell 4.7% in April to a seasonally adjusted annual rate of 634,000 units, falling short of the expected 677,000 units. April’s sales are 7.7% below what they were a year ago, marking the first annual decline in over a year. Consumer sentiment fell to its lowest level in six months, according to this month’s final report for the Michigan Consumer Sentiment Index. The Michigan Consumer Sentiment Index is a monthly survey measuring consumers’ opinions with regard to the economy, personal finances, business conditions, and buying conditions. A closer look at May’s report revealed that consumers are concerned over the labor market, high interest rates, income growth, and inflation. The outlook for the stock market's most important driver just keeps getting better. S&P 500 earnings grew 6% in the first quarter from a year ago, according to data from FactSet. When excluding dismal earnings from Bristol Myers-Squibb (BMY), the results were even better, with earnings growing 10%, per Bank of America. Consensus now sees earnings growing 11.4% in 2024, up from a projection of 10.9% on April 5. In 2025, earnings growth estimates have moved up to 14.2% in 2025 from the 11.6% growth seen that day. On Tuesday, UBS Investment Bank US equity strategist Jonathan Golub boosted his year-end S&P 500 target to 5,600 from 5,400, citing "stronger earnings." This trend is supported by further market upside, as economic "tail risks" have declined, with consensus estimates for economic growth increasing throughout the year. Deutsche Bank's chief global strategist Binky Chadha recently told Yahoo Finance that further growth than expected in the economy could help the S&P 500 reach 6,000 by the end of the year. Technically, the S&P500 ETF Trust index price charts depicts the ending of the 5th wave Bullish Divergence pattern which resonates with Elliot Waves theory. The Relative Strength Index which sits at 58.60 signifies weaker growth from the consumer Index.
AMEX:SPYShort
by DEXWireNews
[Early Warning] Dow Jones showing weakness, will dip furtherTVC:DJI has formed 5 waves down in daily timeframe. Unless this 5 wave structure turn into a 7 or 11 wave (counter-trend) formation, this is likely a beginning of short term down-trend. Now, this down trend could play out in different ways, 2 of the most likely options are highlighted in the chart. This 5 wave decline could be a larger ABC (or WXY/WXYXZ) which is highlighted in red color. Or worse, this could be beginning on a larger trend down and this is just minor wave i of larger 1. This is highlighted in blue color. Both of these alternatives are bearish in nature. We can expect a bounce which might go around 61.8% (~39,500) though it doesn't need to be that much. Just remember that for this scenario to play out, this 5 wave structure shouldn't change into a 7 or 11 wave structure as mentioned above.
TVC:DJIShort
by YetAnotherTA
Cable moving into Daily trendline resistance near 1.28Cable has seen some nice recovery at the end of 2023; move is looking impulsive so more gains can be seen after the corrective retracement which has unfolded down from March highs. So far, price came down with three waves but pair is making a nice turn-up in last few weeks, out of a downward channel, thus it appears that pair is back in bullish mode. In fact, UK CPI figures reported last week indicated a cooling of inflation, but not as much as expected, so potential June cuts are most likely off the table. Looking at the 4h time frame, we see nice five subwaves up as expected which look like a wave 3, therefore we can expect much higher targets after a next pullback while market trades above 1.2570 invalidation level. However, there can be some resistance in the short-term, near the daily trendline that comes in around 1.28. Support on dips is at 1.2650.
by ew-forecast
1
#nzdcad Elliott wave analysisAs you can see in the chart, it seems like the price has completed the 3rd wave of wave 3 and is now getting ready for a bearish corrective move to form wave 4 of wave 3. During this bearish correction, we could expect the price to retrace all the way towards the static support zone. However, based on the three basic rules of Elliott Wave theory, wave 4 cannot interact with wave 1. As a result, if this labeling is going to materialized, then the price cannot go below 0.82190. And that's where our stop loss could be placed.
by mohemati
EURCAD: Anticipating triangle formation and bullish breakoutHello traders, Here is my detailed long-term Market analysis of EURCAD. This is intended to educate those who might be new or at their intermediate level in Elliott wave theory. The EURCAD currency pair is currently exhibiting a sideways trend, which is characterized by relatively stable price movement within a confined range. This type of market behavior often precedes significant price movements once the consolidation phase ends. Analysis Highlights 1. Sideways Range and Potential Triangle Pattern Sideways Range : The EURCAD pair has been trading within a horizontal range, indicating a period of consolidation where neither bulls nor bears have a definitive upper hand. Triangle Pattern Formation : This range is likely forming a triangle pattern. In Elliott Wave Theory, a triangle is a corrective wave pattern typically observed in wave (B) of a zigzag correction or wave 4 in an impulse wave sequence. Wave (B) of Zigzag : The ongoing formation suggests that the triangle could be wave (B) of a larger zigzag pattern, which generally consists of three waves: A, B, and C. The zigzag pattern typically appears in a corrective phase. 2. Anticipated Impulsive Upward Move Completion of the Triangle : Once the triangle pattern completes, it is expected to be followed by an impulsive wave (C). This is typically a strong, directional move which would be upward in this case. Confirmation : For the bullish outlook to be validated, the completion of the triangle pattern in all its constituent waves (labeled A, B, C, D, and E) is crucial. 3. Key Points for a Bullish Outlook Triangle Completion : Wait for the triangle pattern to fully form, completing all its waves. Breakout Confirmation : Look for a breakout above the triangle's upper boundary and a key resistance level. 4. Target and invalidation levels 1.62284 Level: The minimum target for the anticipated upward wave. Invalidation level: When price move below wave C of the triangle. I hope this helps. Cheers and happy trading!
Long
by Samuel124
Ethereum 15k+- i am far to be Elliot Wave expert and to be honest i am not a fan. - there's a lack of precision and EW can be extended. - Don't forget that the real name is " Elliot Wave THEORY ". - included a Fibo Analysis + Trend Analysis + famous bubbles. "The Elliott Wave Theory is a form of technical analysis that looks for recurrent long-term price patterns related to persistent changes in investor sentiment and psychology. The theory identifies impulse waves that set up a pattern and corrective waves that oppose the larger trend ". - Everything is in graphic as always. Happy Trading !
COINBASE:ETHUSDLong
by thecryer
13
Nice Correction On Dax; More Upside Ahead? Stocks remain in risk-on mode after Nvidia's beats earnings expecations, so it’s not surprising to see DAX also turning up. Index has stabilized at the first support area between 18,620 and 18,560 from where we can see the price attempting to break out of what can also be referred to as a bullish flag, therefore, the market will at some point resume higher into a 5th wave. However, fourth-wave corrections can sometimes be tricky and complex, and it's not always easy to define the end of a wave four unless you wait a bit further for confirmation of a bullish reversal. In our example, if the DAX comes back to this week’s lows, the next significant, but also very strong, support can be found at the 38.2% Fibonacci level around 18,500. In either case, we believe the DAX will remain in an uptrend, but don’t be alarmed by a potential top if we see deeper price action. The most important invalidation level for a trend change is at 18,237. The upward projection for wave 5 should be around 19,000.
PEPPERSTONE:GER40
by ew-forecast
Nothing!!!Hi. BINANCE:FLOKIUSDT ➡️ the odds of another bullish Movement is Pretty high because the pattern which FLOKI is in, Is a Bullish wedge Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens.... ✅ Due to the Ascending structure of the chart... 🟢 The odds of another Bullish Movement is High! 🟢 Bullish wedge is Visible on The chart! 🟢 No break out yet! 🟢 FALLING WEDGE ✨Targets are: 🎯$0.00021605 🎯$0.00023189 🎯$0.00026548 🎯$0.00029700 ❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
2
BTC Road Map🗺️!!! situation+next targets.Hi. COINEX:BTCUSDT ✅Today, I want to analyze BTC for you in a 9h time frame so that we can have a short-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ✨After the fifth bullish wave, BITCOIN has completed his corrective waves (ABC) and now he has reached the Bottom of the wedge, now it is time to start the five bullish waves, and BTC is in the Megaphone, also a bullish Divergence (RD+) on MACD which shows Positive Signs for BITCOIN. ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Bullish Wedge. 🟢 Ascending Triangle 🟢 Starting 5th waves. 🟢 Bullish Divergence ❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
3
BTC Fractal - 3 Reasons why ATH is still COMINGI've been saying for some time now that the real ATH is still ahead of us. I base this on a few points of observation. First, the Elliot Wave Theory: Then we're taking a look at an inverse H&S pattern observed on the daily: Another bullish point to consider is that we have been able to hold above 60k successfully, showing that buyers are scooping up lower entries and putting pressure on bears. Historically, it is considered bullish for the price to consolidate under a resistance zone. Our technical indicator is also overwhelmingly bullish. After a cooldown from being "Overbought", we're now ready for another impulse wave up. And lastly, from a logarithmic view, BTC still has room for growth considering we haven't "peaked" out yet: Note that here, I'm not intending to say we're going straight to 400K with the next impulse wave. Rater, it is a multi-year outlook on how BTC could grow to much higher prices. In terms of the correction, we're seeing bullish indicators on the price and so it SEEMS that the pullback may be over and we're ready for another impulse wave up (3 steps). I used WXY to demonstrate how it legs up in three unique phases, on top of the normal Elliot 5 waves. And so it is important to note that even if we do fall lower to continue down with a correction, as long as we do not fall LOWER than the previous point X (as seen on the fractal in green) we are still very much in a macro bullish cycle. ___________________________ BINANCE:BTCUSDT MEXC:BTCUSDT
Long
by CryptoCheck-
5
Continuation for Kiwi Ahead Of RBNZ?Kiwi showed a robust continuation candle last week on the daily chart. The price recovered above the 0.6085 resistance level and finished the week above the 0.61 area, suggesting a potential continuation pattern unfolding in the middle of an impulsive recovery. This week, the Bank of New Zealand's interest rate decision is anticipated, and they are not expected to implement any cuts this year. Their relatively "not dovish" stance might keep the pair in recovery mode, especially considering the recent downside movement in US yields that was bullish for USD, and the positive performance of stocks. Higher stock prices and risk-on flows could be supportive for Kiwi. A closer look at the Elliott wave structure indicates the possibility of at least one more push higher, potentially reaching up to the 0.6200 area for wave C/3.
Long
by ew-forecast
USDT.D% will ⚔️Attack⚔️ to Support zone again💡One of the important factors for analyzing the cryptocurrency market is the Market Cap USDT Dominance% (USDT.D%) status. 💡If USDT.D% falls, we can expect the cryptocurrency market to start rising ( not all tokens, of course ). 📈From the point of view of Classical Technical Analysis , USDT.D% looks like. It has succeeded in breaking the lower line of the Rising Wedge Pattern . 🌊According to the theory of Elliott waves , USDT.D% has successfully completed the Zigzag(ABC) correction , and we have to wait for the next 5 falling waves . 🔔I expect USDT.D% to at least fall to the 🟢 Support zone(4.72%-4.53%) 🟢. Market Cap USDT Dominance% Analyze (USDT.D%), 1-hour time frame ⏰. Do not forget to put 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.
CRYPTOCAP:USDT.DShort
by pejman_zwin
8