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XAUUSD Elliott Wave Analysis (15M TF) – Wave (4) Forming, Short 🟡 XAUUSD Elliott Wave Analysis (15M TF) – Wave (4) Forming, Short Setup in Play 📅 Date: May 16, 2025 📈 Instrument: Gold (XAU/USD) – 15M Chart 🔍 Technique: Elliott Wave, SNR, Fibonacci, AO Convergence ✅ Wave Count Summary We have a clean 5-wave Elliott structure unfolding: ✅ Wave (1), (2), and extended Wave (3) are completed. 🔄 Price is now in a Wave (4) pullback phase. 🔽 Anticipating a final push down for Wave (5). 🔍 Wave (4) Confluence Zone (Short Setup) Price is currently approaching a strong confluence zone around 3196, which includes: 📌 Confluences at 3196: 🔴 SNR (Support-Turned-Resistance): Historical reaction level 🌀 Fibonacci Retracements: 0.618 of wave (3) = 3171.6 1.618 Fib Extension (minor internal leg) = 3198.81 Several Fibo clusters between 3195–3200 📐 Dominant Break occurred previously → retest likely 🕯️ Bearish Reaction Expected: Monitor for reversal candlesticks near this level 💡 This is the ideal entry zone for Wave (5) shorts. 📉 Wave (5) Bearish Target Projections Using Fibo projections from Wave (3) to (4), expect: Target Level Description Price Zone 🎯 TP1 100% of Wave (1) extension ~3154.80 🎯 TP2 Full Wave (5) extension zone ~3135–3140 📊 AO Divergence may signal Wave (5) completion as momentum fades. 💼 Trade Setup Idea (For educational purposes – follow your own strategy & confirmation rules) Parameter Value Entry Zone 3195–3198 (SNR + Fibo) Stop Loss 3206–3210 (above structure) TP1 3155 (safe zone) TP2 3135 (extended target) Risk–Reward ~1:2.5 to 1:3 depending on SL 📌 Confirmation Tips: Wait for bearish engulfing or pin bar near 3196. Watch for AO turning red = sign of bearish momentum resuming. 🧠 Conclusion Wave (4) looks to be maturing near the 3196 SNR/Fibo cluster, with a bearish reaction expected to kickstart Wave (5). This setup offers a great R:R opportunity if confirmed by price action. Patience and confirmation are key — don’t front-run until a rejection forms. 📈 Let the chart do the talking. Trade what you see.
FOREXCOM:XAUUSDShort
by AwesomeOscDad
What’s the Next Move for GBP/AUD? The GBP/AUD pair is trading in an uptrend, forming higher highs and higher lows, and the current pullback is considered a corrective move within this upward trend. The level of 2.05763 is seen as a positive support level for the pair, where a potential rebound to the upside could occur, targeting the 2.07442 level. However, if the price falls below the 2.05110 level and closes a 4-hour candle beneath it, the bullish scenario would be invalidated, and the trend would shift from bullish to bearish. Note: Traders should monitor economic news and data related to the Australian dollar and the British pound, as their outcomes can significantly impact the movement of this currency pair.
by CFI
1
ConstitutionDAO PEOPLE price analysis After a six-month downward trend, #PEOPLE price is trying to recover For May/June, the goal is to keep #PEOPLEUSDT above $0.018 📈 When and if this condition is met, then it will be possible to start the growth path to the $0.05-0.09 range This range will be very important or even unrealistic to break above the first time, there are too many people who want to sell their longs "to zero" that were bought a year ago at those prices. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2
Solana (SOL) Cup & Handle (1W Log)BINANCE:SOLUSDT has formed a Cup & Handle pattern on the weekly chart, and arguably already broke out of the handle. The measured move target based on the linear depth of the cup is ~$510. Key Levels to Watch • ~$100: Local low and 0.618 Fib of the cup depth, a typical handle retracement in a Cup & Handle pattern. • $260: Cup & Handle neckline and key horizontal resistance. A decisive weekly close with strong volume above this level would confirm the pattern and activate the measured move target. • $510: Measured move target based on the depth of the cup from the neckline. Considerations Volume confirmation remains key. A breakout above $260 with strong volume could validate the pattern and open the path to $510.
Long
by AliferCrypto
Short Position on EURUSD 4H – 16th May 2025 AnalysisTrading Idea: Short Position on EURUSD 4H– 16th May 2025 Analysis This chart illustrates a short position on EURUSD, in 4hour Time Frame near Resistance 1 with clear Stop loss above this zone. Because this is the potential place for reversal as well. Overall, the market structure is bearish. However, it has reached the Fibonacci Retracement Level of 0.71, from the recent major breakout Swing and it too support. This is the time to check whether Resistance 1 will be taken out and market will turn bullish or if it fails at resistance 1 and continues the downtrend towards the target and then to key support area. Analysis: • Market Structure: The overall market structure is Bearish. However, previously, there was a good breakout from 8th April 2025. • Fibonacci Level: Market Retraced to 0.71 of Fibonacci retracement level from 8th April Swing to recent Swing High. • Trend Change: Might occur, if it can break above Resistance 1and sustains, then we can aim at breaking the other resistances and reaching the Target Area, i.e. recent Swing High. Trade plan: • Entry: Near 1.2553 • Stop Loss: 1.2935 • Take Profit: Around 1.1098 • Risk-Reward: 1:4 Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
Short
by ManiMarkets