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Wave-4

GBPAUD long bias monthly perspective from daily charthi, there is an uptrend on this asset. price swinging upper 0.61 fib extension level, thats nice cuz price now above the 0.61 fibonacci retracement of 3 years. thats sense bulls are on control. i think price will range at upper level at august which 1.95-2.00. if needs a demand i think the changed 1.9 level is will be work as key. it has a nice bullish candle from price. high volume level of the trend inside of trend is at 1.9 level. i ll looking for gbpaud's bullish signal this month.
Long
by firatbicer
EUR/USD Price Completes Impulse SequenceIt's key to understanding the market structure in general, for a while now the EURUSD has been in an impulse phase the classic 1-2-3-4-5. Few points to highlight that validate the pattern waves 1 and 4 not overlapped and wave 3 is not the shortest wave. It's been a while since we stuck on the 4th wave phase corrective pattern which was a Triangle with a wave E failure. Waves 1 and 5 are relatively equal. It's safe to say the bullish bias is over and we can expect the price to correct lower as a corrective pattern( zig-zag, flats, or complex corrections.
Short
by Weshareio
Gold/ XAUUSD LONG/BUY🔰 Pair Name : XAU/USD 🔰 Time Frame : 4HOUR 🔰 Scale Type : MID SCALE 🔰 Direction: BUY In our latest analysis, a notable market imbalance has been identified, characterized by an ongoing oversold condition on the hourly 4 chart. However, it is important to note that this imbalance has not yet been fully rectified. Our trading strategy has involved selling at each peak in gold, with a target goal set at $1,900.80 this morning. At the market close, we anticipated the breach of the support level at $1,902. The long-term trend remains bearish, thereby exposing potential risks for buyers. However, it is crucial to emphasize a key observation mentioned in our previous forecast. There exists a significant market imbalance above that is awaiting correction. Despite the prevailing selling pressure on gold, considering its strong weekly downtrend, various technical factors should be taken into account. Currently, gold is situated at the 61.8% Fibonacci level, accompanied by a bullish engulfing candle on the 4-hour chart (bullish pin bar on the daily chart) and a bullish pin bar at today's market close. From a technical standpoint, the weekly bearish chart indicates a fully bearish medium to long-term trend. However, identifying the precise selling point for gold's ultimate destination around $1883, followed by $1770, remains uncertain. Given the market's response and the significant oversold conditions, our prediction suggests that gold will likely reach at least the mid-section of the downtrend around the $1937 area, assuming the 1-hour supply zone is breached. This would eventually lead to the complete refill of the 4-hour market imbalance, situated around the $1943 area, and a retest of the 50% Fibonacci level. Subsequently, the Wyckoff Phases would be completed before gold resumes its downward trajectory. Nevertheless, it is essential to acknowledge that market sentiment can change at any moment. Therefore, we must closely monitor the price of gold before considering the initiation of any positions.
TVC:GOLDLong
by Moon_SmartMoney
On EW-Analysis we sould see 21k in a standard 61.8% correction This is a possible scenario of Price action based on Elliott-Wave analysis. The correction behavior of BTC is that usually it overshoots the correction levels. in 9 of 10 cases it did that in the past until 2018 in the lower wave counts. If it comes this way, it offers better buying prices. From hte anti crypto political development in the US, there is no reason to believe for now that BTC might turn up from here, and go on rise. This scenario is valid until BTC breaks 30k upsides. Until then I tend to stay bearish until we see 21k or below.
Short
by kiaZar
VIX - Elliott Wave Illustrates a Potential Bottoming PatternI've been tracking VIX since 2020. I believe that VIX is in a bottoming pattern and will start the next leg up to a new high soon. VIX doesn't act like an equity. Mainly because it isn't an equity. Its waves don't move like an equity. It usually operates in 3-wave segments over longer timeframes whereas equities operate in both 5-wave and 3-wave segments. Elliott Wave corrective patterns move in 3-wave segments. You can see a series of these 3-wave moves on this chart leading up to the previous high in early 2022 with light red Wave A. Following that top, I expected a 3-wave corrective move back down. Instead, we've gotten a very choppy, almost Darvas Box looking structure. I've come to realize that this is actually an Elliot Wave triangle pattern (labeled with circled numbers in pink) and I am expecting a bottom in the last segment of it, pink Wave Circle e, which will finish off the light red B wave. It should then start a 5-wave pattern back up to finish off the larger degree 3-wave structure ending in light red C. I've shown some basic extension levels to help predict the landing spot. The first is a 76-100% extension of the size of the light red A wave from the expected bottom of light red Wave B (orange). The second is a 123%-161.8% (the golden ratio) extension of the pink circle d wave of our triangle from the expected bottom of pink circle e (yellow). Each of these can be correct, and they could both be correct. Alternatively, since markets are merely a battle of sentiment, VIX could land somewhere else. We are, remember, looking at a volatility index that tracks S&P options. And the S&P is in a topping pattern of some sort of a bear market bounce corrective wave. But ultimately, there are two channels I've added to illustrate why I think light red Wave C will land where and when it does. The first connects the bottom in July 2021 to the expected bottom it is currently working on, with the parallel top line connecting the top of light red Wave A to the expected landing point of light red Wave C. This channel is in green. The second channel covers the trajectory of the light red Wave A from bottom to top and then extends its parallel companion from the expected bottom that we are currently working on. That channel is in blue. Both of these channels perfectly intercept each other at a key MAJOR Elliott Wave fib level that usually indicates a C-wave end (the 100% extension of Wave A from the bottom of Wave B). And it also happens to line up with the timing that I've predicted for the next bottoming event in the S&P 500 (not shown here). Lastly, all of this lines up with the fact that RSI is clearly in a bottoming pattern on daily candles and showing a potentially oversold state. There are many calculations not shown here so as to not clog up the view. I warrant that the information created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors. My analysis is not a recommendation for a specific trade. -mazag08 - TastyWavez 2022
CBOE:VIXLong
by mazag08
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