Get started

Elliotwaveanalysis

Is Bitcoin slowly forming a top? What to expect from the market About a week ago, I posted that the recent uptick in BTC (and the broader crypto market) was as a result of Bears taking profits and that the market will dip lower once this correction runs its duration. Well, so far, my prediction is still on track and we can expect prices to climb higher over the next few days (maybe even a week from when this is published). I believe that that mini rally (black path) within the larger uptrend (green path) has enough juice for one more leg before it pulls back. Once that happens, price might stall around that area and then push higher, setting the stage for the final leg of the larger upswing. I personally don't like trading matket correction unless they're on the weekly or monthly chart. However, I will keep monitoring price until my prediction plays out. What are your predictions for Bitcoin's short term price? Let me know in the comments section below. Make sure you follow me to get future updates as they unfold.
COINBASE:BTCUSDLong
by michaelrex
BTC TO $91,000!!Hello! Today we're going to analyze Bitcoin's price action. It's currently rebounding. The movement doesn't seem to have much strength. However, let's not forget that on a weekly chart, Bitcoin is at the end of wave 4 of Elliott's theory. We have a very clear scenario: a rebound to $91,000, which is an area with a lot of shorts and liquidity. If buying pressure is greater, it's logical that Bitcoin could break out strongly to the upside, because price action always seeks out areas of less pressure, that is, it will always seek liquidity. On 4-hour charts, we can see a lot of volatility, however, any purchases below $84,000-$87,000 can be considered conservative because it is a good buying zone. After all, you are buying at the end of wave 4 on a weekly chart, therefore, liquidations below $84,000 are not ruled out, but the short and medium-term trend is bullish. Disclaimer: This is only an opinion; it should not be used as investment advice or recommendation.
Long
by GustavoCastaneda1
2
Russell 2000 Elliott Wave Analysis (WXYXZ in progress)Possible wave (ii) complex correction in the form of a WXYXZ still in progress. Expecting corrective rally to fail around the 2200 resistance zone. A final wave down from there should find a bottom around the 1900 support zone where wave (ii) should end. Expecting wave (iii) to commence from there... ------ *would appreciate feedbacks and thoughts on this* **this is not a trade recommendation, just an idea that I am working with**
CITYINDEX:USSMALLCAP2000CFDShort
by RayGunaraj
Elliott Wave Pattern Suggests Higher EURUSD and Lower US YieldsSome nice retracement on 10-year US notes in the last three weeks looks corrective because of a clear three-wave drop with a triangle in wave (B). This suggests US yields could be trading at resistance, and if we consider the somewhat dovish stance from Powell and the FOMC last week, the market might be positioned for a lower USD. In this scenario, EURUSD could perform well—likely better than some commodity currencies, which remain trapped in sideways ranges due to weaker stock markets recently. GH
CBOT:ZN1!
by ew-forecast
1
GOOGL: Bullish Bounce Before a Bigger Drop? Here's My RoadmapGoogle NASDAQ:GOOG NASDAQ:GOOGL is shaping up to look bullish in the short term, and I believe that in the next few weeks to months, we could see a solid upside move - before things could turn ugly again later on. Let me explain why. Big picture: we’re currently in a Wave (2) corrective structure, which is playing out as a complex WXY correction (marked in orange). This type of correction follows a 3-3-3 wave pattern, and everything we’ve seen so far fits that structure. Since the top in February, NASDAQ:GOOGL has dropped around 24% , which is significant - but also not unexpected within this context. What’s interesting now is that we’ve just printed a bullish divergence on the RSI for the first time in this move down. That’s the first green flag. The second? The lower wick, which I currently mark as sub-wave ((a)) has been very well respected so far. That’s the second sign that this could be the turning point - at least temporarily. I’m expecting a move up in the coming weeks toward the 2024 VAH, around $178, where we could see a first rejection. From there, the price should continue higher in a 3-wave structure toward Wave ((b)), likely reaching between $187.80 and $196.30 (the 61.8% to 78.6% retracement zone). But let’s be clear: this is not the start of a new bullish trend. After Wave ((b)), I expect a 5-wave move to the downside, completing Wave ((c)) - and that means lower prices ahead , potentially in Q3, Q4 2025 or even into 2026. Until then, I’m keeping a close eye on this structure. As long as the current Wave ((a)) low holds, this short-term bullish scenario remains valid. If we get a strong breakout in the coming days / weeks, I’ll be looking to enter on a retest, targeting that $187.80–$196.28 zone. Let’s see if the market plays it my way. Make sure to follow me for future updates on this scenario and other setups !
NASDAQ:GOOGLShort
by stromm
GBP/USD is heating up! A major shift is coming—are you ready?"Analysis: The correlation between DXY & GBP/USD is playing out perfectly! As the Dollar Index (DXY) approaches key resistance in the 112-113 zone, GBP/USD is reacting inversely, showing signs of a potential drop toward 1.14. Elliott Wave patterns confirm a high-probability reversal setup, aligning with macroeconomic factors and liquidity zones. If DXY gains strength, expect a bearish breakdown on GBP/USD. 📈 Key Levels to Watch: GBP/USD Resistance: 1.32-1.34 GBP/USD Support: 1.14 DXY Resistance: 112-113 DXY Support: 102.5 💡 Will GBP/USD hold or break down? Drop your predictions below! 👇
by Greenfireforex
AUDNZD will soon finish bullish cycle and usher in a sell-off? AUDNZD has been on a 2-year rally for 2 years. However, it appears price is correcting the sell-off in the last quarter of 2022 before the eventual resurgence. Structurally, a zigzag structure is emerging with (A) and (B) finished as impulse and double zigzag structures respectively. Meanwhile, wave (C) is on the verge of completing an ending diagonal structure. Price is currently in the 5th leg of wave (C) and may continue to 1.12 which is roughly 100% of (A) from (B). So I believe, the sellers may have a chance between 1.12-1.135 in 2025. Caveats 1. The 4th wave of the proposed ending diagonal could extend lower but should finish above 1.081 to keep the diagonal valid. Thus, buyers can buy lower again toward the zone mentioned above. 2. The (A)-(B)-(C) of ((B)) doesn't correspond in time magnitude with the sharp wave ((A)) impulse decline. Thus, the current rally alternatively could be a leading diagonal. If so, a pullback should happen as expected but shallower (should end above ((A)). Similar path but different counts.
Short
by The_Wave_Chartist
Asian Paints Weekly Elliott Wave Analysis – March 17, 2025The price action of Asian Paints (NSE: ASIANPAINT) has been following a clear Elliott Wave structure. The stock completed a primary wave (3) at the peak, with a truncated 5th wave, indicating weakness in the final leg of the impulse. It is currently undergoing a wave (4) correction, following a W-X-Y pattern, with the price moving lower towards the 1.618 Fibonacci extension target at ₹1,931. The invalidity level is set at ₹1,297, below which the larger wave structure would need reconsideration. Indicators like RSI and MACD are reflecting oversold conditions, suggesting a potential bounce or consolidation before further downside. A confirmation of wave (4) completion would signal the start of wave (5) towards new highs. 📉 Key Levels to Watch: Support: ₹1,931 (1.618 Fib Extension) Resistance: ₹2,492 (Wave Y previous support) Invalidation Level: ₹1,297 This wave count suggests that Asian Paints is nearing the end of its correction phase. A reversal from the target zone could set the stage for the next bullish impulse. 📢 Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational and study purposes only. Any profits or losses from trading based on this analysis are entirely your own responsibility. Do your own research before making any trading decisions.
NSE:ASIANPAINT
by kalpeshloke
1
#GOLD possible bearish moveAs can be seen in the chart we are probably dealing with a wave (c). Which could turn out to become a Zigzag bearish corrective pattern, which suggest lower economical and geopolitical risk in the next few days. Or it could become a triangle pattern which makes even shallower correction with more difficult technical situation as well as higher risk in the market. Either way, since the previous correction was deep and reached almost 78% of its previous bullish impulsive move, this new bearish corrective move (base on alternation guideline) cannot be deep and can end at around 38%. Best of luck.
TVC:GOLDShort
by mohemati
1