Hellena | GOLD (4H): Long to resistance area of 2711.Dear colleagues, the price continues its upward movement and it means that wave “C” is definitely formed.
I believe that the price is forming a five-wave movement and we have 2 options for the development of events
1) Wave “1” is not formed yet and will continue the upward movement - this is a more risky entry into a long position.
2) Wave “1” is formed and I expect a correction in wave “2” to the area of 38.2-50% Fibo lvl (2605.5) and then an upward movement to the resistance area 2711.
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Elliotwaveanalysis
SQ - wait for discountSQ - pulling back into buy zone. Wait for around 50ish.
Earnings in couple of weeks, I bet this will reach the buy zone before that. If earnings beat with strong forecast, can push this higher.
Stop Loss - 40
Long entry - 50-54
Target # 1 - 100
Target # 2 - 130
Target # 3 - 150
GOLD ELLIOTT WAVE ANALYSIS: 24 NOV, 2024 ©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M.
Wave count changed to maximize probability. Wave 3-grey has ended, and wave 4-grey is still unfolding, there is little data to suggest it has ended, I think it may still be developing. More specifically wave 4-grey is developing as a Flat, its wave ((a))-navy has completed, and its wave ((b))-navy is pushing higher, it could reach 2.765 (Wave ((b)) retraces 90% of wave ((a))-navy), or higher, then a push lower with wave ((c))-navy will unfold.
Alternative wave count: Wave 4-grey has ended, and wave 5-grey will unfold. We also have a pullback with wave ((ii))-navy after that.
$BABA NEOWAVE ANALYSISExperimental analysis with the intention to follow back later on as I am still learning
First leg of the correction is a diametric
Second leg of the correction is most likely a neutral triangle
In a neutral triangle wave C is the biggest and could be 138% to
161.8% of wave A
c-wave of a Neutral Triangle
is usually the longest, most subdivided and most time consuming of the three trending waves
Wave B is confirmed to be ended as we got a move that was faster and bigger than the largest counter trend wave within wave B (red rectangle)
TON's Situation: What Shall we Expect ??Finally, the wedge broke .The price can reach the shown targets. That's it.
previous analysis
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TRX looks fantastic for the long termCould TRX be in the middle of a wonderful impulse of 5 waves within a larger degree of trend? It looks like it just might be. It fits beautifully within the Hurst cycles (semi circles) at the bottom time wise. And, with wave 1 often looking very similar to wave 5, we could see a massive blow off top for wave 5 over the coming months. This is one of the coins that does not make up part of my portfolio, no matter how strong the analysis looks. But, if you want to go for it it's entirely up to you. Get out when the trend line breaks to the downside which will signal wave 5 having completed. Follow for more.
XAU/USD 20.11.2024OANDA:XAUUSD
Hello Traders,
Here are my thoughts for the coming days/weeks/months, based on the Elliott Wave method:
It’s clear that we’ve topped out at wave (3).I anticipate seeing an ABC correction forming within the overall wave A to B. Fibonacci target levels for the smaller wave C can be drawn once wave B is established.
My plan is to short at the 78% Fibonacci level where also a high volume area is, riding the move down in wave 4. Along the way, I’m looking for a clean 1-2-3-4-5 setup from the larger wave (B) to the larger wave (C). That would be phenomenal clear chart set up.
If you have any questions, feel free to ask! ;)
#AUDJPY 1H timeframe Elliott wave analysisAs shown in the chart, we could be observing a 1-2, 1-2 setup in the Elliott Wave count, indicating a potentially significant bullish opportunity.
However, it is crucial to wait for clear price confirmation before entering any positions.
Thank you in advance for your support!
GOLD: Correction Likely After Impulse RallyThe 4-hour XAU/USD chart shows a completed Elliott Wave (1-5) structure, with wave (5) reaching the $2,655-$2,660 resistance zone, indicating a potential reversal. A corrective ABC pattern is expected:
Wave A: Targeting $2,620-$2,630 (middle support zone).
Wave B: Minor retracement below $2,655.
Wave C: Extending to $2,600-$2,610 (lower support).
As gold prices are highly sensitive to macroeconomic events, traders should use proper position sizing and stop-loss levels to mitigate risks. Keep an eye on upcoming economic releases and geopolitical tensions that might affect market volatility.
Good luck
GOLD ELLIOTT WAVE ANALYSIS: 22 NOV, 2024 ©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M.
The ((a))-navy wave has completed as a Five-wave, so it is very likely that the entire ((a))((b))((c))-navy corrective wave is developed as a Zigzag ( 5-3-5). And we are moving forward with its ((b))-navy wave, which is probably developing as a Zigzag, labeled (a)(b)(c)-orange.
The (a)-orange wave is almost completing its role as a five-wave, I can already count the i-grey wave to the v-grey wave. Basically the v-grey wave can push a little higher, and we will have a pullback with the (b)-orange wave after the (a)-orange wave is completed.
After wave (b)-orange ends, wave (c)-orange will continue to move higher, aiming at targets around 2.691 - 2.735. And I will update continuously to follow all its developments.
The push below the lower edge of the Channel is a first sign that the (a)-orange wave may be ending.
ALT WAVE COUNT (Less likely): Shows that wave 4-grey ended earlier than expected, and wave 5-grey is unfolding higher. When price breaks through 2.735, I will focus on this view.
NYSE:MU - ELLIOTT WAVE ANALYSIS: 22 NOV, 2024 - BULLISH©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M.
I see that an ABC-grey probably just completed recently at the 84.12 low, and the corrective waves are followed by motive waves, so I expect a much higher push in this stock.
Looking closer, I see that the 1-grey and 2-grey waves just completed at 95.53 and it looks like the 3-grey wave is unfolding. It is subdividing into ((i)),((ii))-navy. And after the ((ii))-navy wave is over, we can go long towards the ((iii))-navy wave.
While price must remain above 95.53 to maintain this view.
Key point: Wave B of wave ((ii))-navy.
NVIDIA (NVDA) Earnings Beat Expectations! 🚀 NVIDIA (NVDA) Earnings Beat Expectations! 🚀
NVIDIA just released its earnings report last night, and the results are stellar:
💰 Revenue: $35.08 billion
🔥 Exceeded Expectations: By 5.77%
This impressive beat highlights NVIDIA's dominance in the AI and semiconductor space, showcasing its ability to capitalize on booming demand for cutting-edge technology.
📊 Market Outlook
The market is expected to react positively during the pre-market session. Based on Elliott Wave analysis on the 25-minute chart:
Current Position: Wave 2
Potential Move: A strong rally could lead to new all-time highs at $151 and $155.
⚠️ However, if we see a drop below $137.70, it could signal a liquidity grab before the anticipated move upward.
💡 Pro Tip: Monitor pre-market action and key levels closely to optimize your entry and risk management.
#NVIDIA #Earnings #StockMarket #NVDA #ElliottWave
BTC, one last push (to take out liquidity)Hello everyone,
following the liquidity that is still forming like clouds above all new ATH bitcoin made we are close to a decision point for Bitcoin. The moves are getting more and more choppy and considering the strong rally I guess a correction is outstanding. But first we should see another move higher completing a five wave cycle of a third wave.
Gold - Wave 5, plus CCI and RSI confirmationAt the trough we had the RSI close to oversold, and we can say that CCI showed an oversold condition.
The CCI that measures the deviaton its smoothed with an 14-ma and adding the RSI above we have the market confirmation.
The candles formed three white soldiers that seems very strong.
We are in the beginning of wave 5 with the objective to go to a new high above wave 3.
Bitcoin Elliott Wave Analysis: Wave 5 in Action! Bitcoin is technically riding Wave 5 on both higher and lower timeframes – a strong indication of potential momentum toward its maximum potential! 🎯
📊 Key Levels
Target: $102,000 (Fib 1.618 extension level)
Stop Loss: $91,800 (below Wave 4)
Entry: Market Price
📈 Risk-to-Reward: 2.5:1 RRR
This setup aligns perfectly with Elliott Wave theory, signaling an excellent risk-reward opportunity. Ride the momentum and stay sharp – Bitcoin might be heading toward new highs! 🌟
💡 Pro Tip: Always manage your risk and stick to your plan!
⚠️ Risk Disclaimer: Trading cryptocurrencies involves a high level of risk and may not be suitable for all investors. Prices can be highly volatile, and you could lose your entire investment. Always conduct your own research and consider your financial situation before trading. Never risk more than you can afford to lose.
#Bitcoin #ElliottWave #CryptoTrading #BTC #RiskManagement
s&p weeklyS&P weekly
Is one of the famous index of the New York Stock Exchange
This wave of movement has been the last 1 year of this index since November last year
As can be seen,
it has begun to move near the floor of a 4 -year -old channel
And it is passing through the Fibonacci level of 0.786.
5 of 5
or ending diagonal
(Crazy wave)
That can be a small 5 wave
I am currently moving up to 6300
The motion that started from 4100
50 % return on 1 year.
BITCOIN IS FINISHED heading to 42kbitcoin to 42k. Elliot wave. wave 5 usually hits the inverse .382 of wave 3 low to 3 high. price hit that at around 92.5k. Dont see it pushing any higher. Now all that is left is the abc. I did 2 scenarios based on a wave coming to .382 and 0.5 fib. I think it will be the shallower a retracement though and that would put C around 42k which is the ETF floor and also needs to be retested. The timing in this chart isnt correct but the price targets are i guarantee 100%
DASH: Strong Gains Ahead IF Wedge Is BrokenDSHUSD is coming higher, out of a last week consolidation that we have been tracking around $25, but it looks like break higher was wave five because of current reversal down. However, it can be just another correction with a bullish cycle, that will be expected to resume after a-b-c retracement back to 25-26 support area. If we are correct, then strong recovery is yet to come, out of an ending diagonal that appears completed on a daily and weekly chart. Keep in mind that ending diagonals causes a sharp reversal and strogn recovery in price, which is far from over.
Drop below 21 will suggests that bears are still here, for 18/17 wedge support.
(𝑼𝒑𝒅𝒂𝒕𝒆) 𝑬𝑻𝑯 𝒄𝒂𝒏 𝒓𝒆𝒂𝒄𝒉 7𝒌 𝒆𝒂𝒔𝒊𝒍𝒚I believe Ethereum is significantly undervalued at its current price. I have set a price target of $7000 for Ethereum. Currently, the price is forming an ascending triangle, and there is a bullish divergence on the weekly chart. This bullish signal is noteworthy and shouldn't be overlooked. With this in mind, there is a strong possibility that Ethereum's price could at least double from its current level in the coming year.
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.💚
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✅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!!
Alikze »» SKL | Wave 3 or rising C scenario - 1W🔍 Technical analysis: Wave 3 or rising C scenario
News:
SKALE to Participate in Sawadee Web3 Gaming in Bangkok on November 12th
- It is moving in an upward channel in the weekly time frame.
- It is currently in the Support Zone with the formation of a higher floor.
-The previous corrective wave has completed a full cycle in the Support Zone.
💎 Considering that the previous correction wave corrected the previous wave by 0.23 fibo and a higher floor was formed, if the candlestick is confirmed in the weekly time frame, it can enter the broken structure first by breaking the trigger line and then pullback. Ascending phase.
💎Therefore, if there is no stabilization below the area, the scenario of wave 3 or rising C with the specified targets will be accessible.
⚠️ In addition, if the Support Zone or Fibo 0.23 of the previous wave is broken, the bullish scenario will be invalidated. ⚠️
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BINANCE:SKLUSDT
WEATH : Recovery ahead?Wealth First Portfolio Management Ltd – Daily Chart Analysis
1. Golden Extension Zone (113%-127%) Reaction
The price reversed after reaching the Golden Extension Zone near ₹1,693.80. This zone acted as a strong resistance, pushing the price down into a key Demand Zone (₹1,355-₹1,331) .
2. Corrective Structure and Support
The price appears to follow an ABC corrective wave pattern , with wave C nearing completion around ₹1,395.20.
Initial support has been observed in the Demand Zone , suggesting potential for a reversal.
3. Trading Plan and Key Levels
b Bullish Scenario
If the price sustains above ₹1,355, it could rally toward the Golden Retracement Zone at ₹1,666-₹1,710.
Key Levels:
Target 1: ₹1,666.60
Target 2: ₹1,710
b Bearish Scenario
A break below ₹1,319 (day close basis) may trigger further downside to the next Demand Zone at ₹1,127-₹1,155 .
Stop Loss: ₹1,319 (day close basis).
4. Observations and Indicators
Volume: Higher volume near the current Demand Zone hints at potential institutional buying.
Moving Averages: The price is trading below the short-term MA, indicating caution until a confirmed reversal.
5. Macro Considerations
Sector-related news or market-wide movements may act as catalysts for either direction. Monitor updates closely.
📈 Share Your Views Below!
Does this setup align with your strategy? 🚀📉