Get started

Technical Analysis

Wave Analysis Cheat Sheet: Master Technical Analysis Wave Analysis Cheat Sheet: 🌊 Master the Market with Ease What is Wave Analysis? Wave Analysis, developed in the 1930s by Ralph Nelson Elliott, breaks market cycles into predictable patterns 📊. These 13 recurring waves move prices in repetitive cycles but vary in size and timing. How It Works: 🔄 Market moves are cyclical: 5 waves 📈 follow the main trend (Motive Waves). 3 waves 📉 move against the trend (Corrective Waves). This framework helps traders forecast price movements and sharpen their entry and exit points 🎯. Key Wave Types 1. Motive Waves 🚀 Action waves that align with the dominant trend. 🔥 Impulse Waves: Strong price push, always in 5 sub-waves. 🌀 Diagonal Waves: A twist on Motive Waves, forming patterns like Leading or Ending Diagonals. 2. Corrective Waves 🔄 Reaction waves moving against the trend. 🛑 Cannot be divided into 5 waves (unlike Motive Waves). Common Types: Zigzag Waves ⚡: Sharp corrections that mimic an impulse. Flat Waves ➡️: Sideways corrections with sub-waves A-B-C. Triangle Waves 🔺: Consolidation patterns signaling continuation. Common Patterns in Wave Analysis Impulse Waves: Push prices 📈 in the trend direction. Rules: Wave 4 must NOT overlap Wave 1—strictly 5 sub-waves. Diagonal Waves: Motive Waves with unique structures 🌐, like Leading or Ending Diagonals. Corrective Waves: Push against trends 📉 with patterns like: Zigzags ⚡ (single, double, or triple). Flats ➡️ (regular, expanded, or running). Triangles 🔺 (contracting or expanding). Trading Insights 💡 Wave 3: The Trader’s Favorite Wave 3 often packs the most momentum 🔥—the perfect time to ride the breakout! Why Use Wave Analysis? 🌊 Wave Analysis isn’t just theory—it’s your key 🔑 to decoding market psychology and making smarter moves. By spotting patterns early, you can: Anticipate price moves 🎯. Maximize gains 📈. Minimize losses 📉. Use this cheat sheet as your go-to guide for riding the market waves 🌊🚀!
Education
by DCAChampion
Critical Trendline Test Will BTC Bounce or Break ? 1. Trendline Support: The price is approaching a key ascending trendline, which has acted as support previously. A bounce from this area could signal a continuation of the uptrend. 2. Price Action: The recent sharp drop in price suggests selling pressure, likely testing the strength of the trendline and the marked support zone (around $91,500–$89,700). If this zone holds, it could provide a buying opportunity. 3. Risk/Reward Setup: The shaded areas highlight a possible trade setup: Stop-Loss: Below the support level (around $89,700) to manage downside risk. Target: Around $102,258, suggesting a potential bullish recovery toward resistance levels. 4. Scenario Analysis Bullish: If the price bounces off the trendline, it could aim for a higher level, confirming the continuation of the broader uptrend. Bearish: A breakdown below the trendline and support zone could invalidate the bullish setup, opening the way for further downside toward $86,000 or lower. To confirm the direction, monitor additional indicators such as RSI for oversold conditions, volume for buying strength, or moving averages for trend confirmation. Let me know if you'd like further clarification or analysis!
BINANCE:BTCUSD.PLong
by wolfchemist
3
Bullish Breakout: Time to Buy!hello traders! ProfitScalper 1H Analysis, Current price: 2662. Market Overview: The market is currently in a strong bullish momentum. A key development to note is the successful breakout above the significant resistance level of $2660, with the daily close confirming this upward move. Although a small correction may occur from current levels, the ideal entry for a buy position would be between $2653 and $2648. From there, the price is expected to target $2690 by Friday. It is recommended to focus on finding buying opportunities today, especially in the area between $2660 and $2654, which could provide favorable entry points for further upside.
OANDA:XAUUSDLong
by Profit-Scalper
2
Buying opportunity for DogecoinHello, Traders! Dogecoin (DOGE) is currently in a correction phase, presenting a potentially attractive buying opportunity for future growth. After a sharp rally, the price of DOGE has now retraced over 30% from its recent peak, offering what could be seen as a substantial discount before the next bullish wave takes shape. At present, the $0.3 support area is showing strong technical significance and looks highly appealing for entering a long position. This level aligns with historical support zones and has previously acted as a key demand area during market corrections. Additionally, broader market conditions appear favorable, as BTC is also trading near its key support zone. If Bitcoin sees a positive reaction from buyers, it could act as a catalyst for a broader recovery across the crypto market, including DOGE. However, as always, risk management is key. Keep an eye on price action around the $0.3 level, and consider setting stop-losses just below this area to protect your capital in case the market sees a deeper correction. Let me know your thoughts in the comments below. And don’t forget to boost this idea if you found it helpful!
by Real_CryptoRoy
5
ADA/USDT A Bullish Bounce on the Horizon ?The chart shows Cardano (ADA) pulling back to retest the breakout zone, presenting a potential long opportunity if support holds. Key Observations 1. Retest of Pattern: ADA has broken out of a pattern and is now retesting the breakout zone, which aligns with a critical support area. 2. Support Zone ($0.90–$0.88): This is an important level where price is likely to bounce if buyers step in. 3. Bullish Confirmation Needed: Waiting for a bullish candlestick pattern at this level would confirm a potential reversal. 4. Target Levels: If the bounce occurs, the immediate target would be $1.00+, with further potential upside depending on market momentum. Strategic Implications Monitor the $0.90–$0.88 zone for bullish signals. Enter long positions upon confirmation of a bullish candlestick pattern. Stop-loss placement below $0.88 to manage risk effectively. ADA is at a crucial retest point. A strong bounce from support could provide a profitable long setup with targets above $1.00. Keep this pair on watch for confirmation.
Long
by wolfchemist
IOTX/USDT on the Edge Will the Triangle Break ?IOTX/USDT Technical Analysis Symmetrical Triangle Breakdown in Sight Key Insights Symmetrical Triangle Pattern: Price has been consolidating within a symmetrical triangle, creating lower highs and higher lows, signaling a potential breakout. Critical Support Zone: The price is currently testing the lower trendline at $0.0378. Bearish Scenario: A breakdown below this trendline support will trigger a short opportunity, aligning with the bearish market sentiment. Target Levels Primary target: $0.0300 Final target: $0.0250 Monitor closely for a breakdown confirmation. A close below support with increased volume could validate a downward move. Managing stop-losses above $0.0450 upper triangle boundary is recommended to mitigate risk.
Long
by wolfchemist
NZD/USD Poised for a Breakout ?The NZD/USD pair shows signs of potential bullish momentum following a bounce from a key support level near 0.55900. Price is currently challenging the 0.56028 resistance, with further upside likely if this level is broken and sustained. The downward sloping moving average indicates a prevailing bearish trend, so this move could be a short-term retracement or a possible trend reversal depending on market strength. Key Insights Entry Area: Around 0.55940 – 0.56028 Stop-Loss: 0.55103 to manage downside risk First Target: 0.56156 Second Target: 0.56370 Final Target: 0.56781 Watch for a confirmed breakout above 0.56028 for a continuation toward higher levels. A failure to hold above 0.55900 could trigger further downside movement. Market volatility and U.S. dollar news should be closely monitored for momentum shifts. This setup offers a solid risk-to-reward ratio, balancing caution and opportunity in the current market structure.
Long
by wolfchemist
Technical Analysis and Trade Setup for GBPNZDThe forex pair GBPNZD is currently trading at a price of 2.2000, with a target price set at 2.3000, indicating a potential gain of 500+ pips. This suggests a bullish outlook for the pair, as it is expected to appreciate in value. The analysis highlights that the pair is showing a good bounce from a key support level, which often signals a reversal or continuation of an upward trend. However, the trader is exercising caution by waiting for confirmation before entering the trade. This confirmation could involve technical indicators, price action patterns, or fundamental factors aligning with the upward movement. Such an approach helps minimize risk and improve the probability of success. The trade setup relies on the strength of the support level and market sentiment favoring the pound over the kiwi. Proper risk management and adherence to a trading plan are essential when executing this strategy.
Long
by AndrewsMarket-Mastery
1
TradeCityPro | C98USDT Weekly Candle Engulfing👋 Welcome to TradeCityPro Channel! C98USDT Weekly Candle Engulfing - Downtrend or Continuation? Let’s dive into a scenario where the market is printing red candles, most traders are lost, and FOMO is rampant. Today, we’ll analyze an altcoin for you, and before that, I recommend checking out the money management guide: 🌐 Overview Bitcoin As usual, let’s start by reviewing Bitcoin. On the 1-hour timeframe, BTC was rejected from the 102,135 resistance level and experienced a 10% drop, significantly increasing the 24-hour liquidation volume. This drop also caused Bitcoin dominance to range, leading to a heavier correction in altcoins compared to BTC. If BTC had surged, altcoin losses could have been even deeper. View BTC Chart 📊 Weekly Timeframe C98 is still within its weekly range, oscillating between 0.1056 and 0.4368 for almost two years. While the range percentage is substantial, it doesn’t change its range-bound nature. If you’ve already invested in this coin, you’ve likely experienced frustration as it remains stuck in this box. Two years of idle capital in a high-risk crypto market can be exhausting. Suggestion: Exit your position if it breaks below 0.1056. Currently, the weekly red candle has four days left to close, but it’s sitting on solid support. However, the last two red engulfing candles suggest a potential continuation of the downtrend. If 0.1451 support breaks, the price may drop to 0.1056. Buying Advice: Avoid buying right now. It’s like catching a falling knife—wait for it to hit the ground first. After breaking the 0.1933 resistance, buying could be more reasonable. 📈 Daily Timeframe On the daily timeframe, C98 was rejected from the 0.1902 resistance, which highlights its importance. A break above this level could present buying opportunities. More importantly, let’s focus on the 0.1533 support level, which: Previously served as the top of the daily range , Now acts as a crucial support, forming the 0.618 Fibonacci level. If the market opts for a deeper correction, breaking 0.1533 could lead to a continuation down to 0.786 Fibonacci support at ~0.1272. Personally, I’d prefer if this price level holds because a deeper correction might delay the next bull run and keep us in this range for an extended period. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
10
Technical Analysis of Nasdaq 100: Key Support Holds as Bulls The Nasdaq 100 (NAS100) is currently trading at 21,100, with a target price of 23,000, suggesting a bullish outlook and a potential rise of 1,900 points. The price is holding above a key trendline, which acts as a strong support level. This trendline's role is significant, as the recent bounce from this support confirms its reliability. The pattern indicates that the index may continue its upward trajectory if no major resistance levels hinder its movement. Such a setup suggests the market sentiment remains positive. A break above intermediate resistance levels could accelerate the rally. However, traders must remain cautious of external factors like earnings reports or Federal Reserve policy updates that might affect momentum. Proper risk management is essential to navigate potential volatility.
PEPPERSTONE:NAS100Long
by AndrewsMarket-Mastery
Crude oil Is Approaching ResistanceCrude oil is coming higher on 4h time frame, out of a wave B bullish triangle that we have been tracking through December. Well, we know that moves out of a triangle are final in a sequence, so we can expect limited upside, and ideally, this will cause the completion of wave E rally of a larger bearish triangle pattern. It's now approaching an important resistance at 74-75, its gap from mid-October, right at the upper side of a triangle. There is a chance for a turn soon. A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. The triangle pattern contains five overlapping waves that subdivide 3-3-3-3-3 and are labeled A-B-C-D-E. It’s a region of horizontal price movement, a consolidation of a prior move, and it is composed of “threes.” That means each of the A-B-C-D-E waves have three subwaves. The triangle pattern is generally categorized as a continuation pattern, meaning that after the pattern completes, it’s assumed that the price will continue in the trend direction it was moving before the pattern appeared. However, triangles also indicate that the final leg is coming before a reversal and that’s why triangles are labeled in wave B, wave X or wave 4.
BLACKBULL:WTIShort
by ew-forecast
DOGE ANALYSIS🔮 #DOGE Analysis 🌟🚀 #DOGE is trading in an Ascending Triangle Pattern and here we can see that #DOGE testing the ascending trendline. Also there is an instant major support zone. We can see a pullback from its major support zone. 🔖 Current Price: $0.34820 ⏳ Target Price:   $0.41960 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀 #DOGE  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
Will BTC Dive to $88K ? Bitcoin Breakdown Alert & Bearish SetupBitcoin has broken down from a well formed rising channel, signaling a potential bearish continuation. The heavy rejection near the $100,000 psychological level followed by a drop to $96,000 indicates strong selling pressure. The price is now trading below a key support-turned-resistance at $97,200. Key Levels Resistance Zone: $97,200 Current Price: $96,498 First Support Target: $90,000 - $91,000 Final Support Target: $88,400 Technical Insights 1. Rising Channel Breakdown The price broke below the lower trendline, suggesting a bearish reversal. Rising channels often precede significant downside moves. 2. Failed Support Retest Possibility There is a likelihood of a retest of the $97,200 resistance zone before continuing the downward movement. This can provide a new shorting opportunity. 3. Bearish Momentum Indicators The recent high-volume sell-off reflects weakening market sentiment. Additional rejection near resistance would increase the probability of testing lower levels. 4. Market Instability The current instability points to further downside risks, particularly if global macroeconomic factors or crypto market sentiment do not improve. Potential Trade Idea Entry (Short): Near $97,000 $97,200 on a retest Stop Loss: Above $98,000 to minimize risk Target 1: $91,000 Target 2: $88,400 This trade offers a favorable risk-to-reward ratio if the retest scenario plays out. Traders should monitor volume and any bullish reversals cautiously. Bitcoin appears poised for further downside movement, with key levels to watch closely. Market participants should remain vigilant as volatility may increase in the coming days.
Short
by wolfchemist
Analysis of USOIL and Falling Wedge Breakout PotentialThe forex pair USOIL is currently priced at 75.000, with a target price set at 103. This indicates an expectation of significant upward movement. The technical pattern in focus is the Falling Wedge, a bullish reversal pattern often found in downtrends. In this setup, the price consolidates between converging trendlines, suggesting decreasing momentum in the downward movement. A breakout above the resistance line typically signals a trend reversal. Traders anticipate a breakout in this case, leading to a potential rally towards the target. This scenario implies increased buying pressure and positive market sentiment. Risk management is crucial, as breakouts can sometimes fail. Confirmation of the breakout, such as strong volume or a clear candle close above resistance, adds reliability to the trade setup. Monitoring key levels closely will help refine the strategy.
TVC:USOILLong
by AndrewsMarket-Mastery
1