Get started

Wave Analysis

Elliott Wave: Copper (HG) Impulsive Rally Signals More UpsideCopper ( NYSE:HG ) has been displaying a strong bullish trend, with the rally from the July 11, 2022 low unfolding in a Elliott Wave diagonal. This rally is structured as a 5-swing pattern, which is characteristic of a motive wave. This suggests that the broader trend favors further upside. As of the latest price action, the metal has completed a significant corrective phase and is now positioned for additional gains. The recent pullback to the 4.03 low on April 7, 2025, marked the completion of wave ((4)). It is a corrective wave within the larger 5-wave diagonal structure. Following this low, copper has turned higher, initiating wave ((5)). This wave ((5)) is the final leg of the motive sequence. Within wave ((5)), the short-term rally from the wave ((4)) low at 4.03 appears to be unfolding in an impulsive manner, indicating strong upward momentum. Wave 1 ended at 4.465 and pullback in wave 2 ended at 4.038. The metal then rallied higher in wave 3 towards 4.748 and wave 4 dips ended at 4.564. Expect cycle from April 7, 2025 low to end soon with wave 5 of (1) and the metal to see a 3 waves pullback. However, as long as pullbacks remain above the 4.03 low, copper is expected to see more upside. The Elliott Wave framework continues to support a bullish bias for NYSE:HG in the near term.
COMEX:HG1!
by Elliottwave-Forecast
Nightly $SPY / $SPX Scenarios for April 24, 2025🔮 Nightly AMEX:SPY / SP:SPX Scenarios for April 24, 2025 🔮 🌍 Market-Moving News 🌍 🇪🇺 European Banks Brace for Tariff Impact: European banks are facing a challenging outlook as U.S. tariff hikes raise recession fears. Analysts anticipate slower revenue growth and increased loan loss provisions, with institutions like BNP Paribas expected to report earnings reflecting these pressures. ​ ✈️ Airline Industry Faces Booking Declines: European airlines report a 3% drop in planned summer trips, with leisure travel down 8% compared to 2024. Economic concerns and rising travel costs, particularly among Gen Z travelers, are contributing factors. Airlines like Ryanair and Air France-KLM are considering fare adjustments to maintain demand. ​ 👗 Kering's Revenue Drops Amid Gucci Struggles: Luxury group Kering reported a 14% decline in Q1 revenue, with flagship brand Gucci experiencing a 25% drop. The company attributes the downturn to ongoing brand challenges and macroeconomic factors affecting consumer spending in key markets. ​ 📊 Key Data Releases 📊 📅 Thursday, April 24: 📦 Durable Goods Orders (8:30 AM ET): Forecast: +2.1% Previous: +0.9% Measures new orders for manufactured durable goods, indicating manufacturing sector health. ​ 📈 Initial Jobless Claims (8:30 AM ET): Forecast: 222,000 Previous: 215,000 Reflects the number of individuals filing for unemployment benefits for the first time, signaling labor market trends. ​ 🏠 Existing Home Sales (10:00 AM ET): Forecast: 4.14 million Previous: 4.26 million Indicates the annualized number of existing residential buildings sold, providing insight into housing market conditions. ​ ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.​ 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
AMEX:SPYShort
by TrendTao
TAO: Missed out on Bitcoin? TAO following 2023 Bitcoin PlaybookNot only does Bittensor share similar tokenomics with Bitcoin, but Bittensor's current price action also resembles 2023 Bitcoin's price action (Bitcoin ETF HYPE Mania). 1) Both Bittensor and 2023 Bitcoin completed a 5 wave impulse followed by a 3 wave correction 2) Both Bittensor and 2023 Bitcoin bottomed at the white 1.618 trend based fib extension 3) Both Bittensor and 2023 Bitcoin on the Weekly RSI Indicator are forming Hidden Weekly Bullish Divergence where price made a higher low but the RSI indicator is printing a lower low. I'm not committing to any price targets since Bittensor is still a relatively new coin (Huge Market Cap already). I'll commit to price targets when I see more price action. Right now expecting TAO to hit the white 1:1 extension @ $4,346.75. Honestly, if this is a 1-2 setup or a 1-2 1-2 setup (Microstructures on TAO look very ugly), Bittensor should easily break above $4,346.75.
Long
by StockScaper
USDJPY Breakdown? (Elliott Wave)USDJPY bounced higher from a horizontal support shelf created from August - September 2024. Using Elliott Wave Theory as our guide, the model suggests a breakdown below the support shelf is looming nearby. I'm keeping an eye on 144.55. Below this mark, the risk remains high of a breakdown in a wave (iii). Even if 144.55 is hit to the upside, wave (iii) is the favored model we are following. USDJPY is dancing on top of the support shelf now. May break below and revisit the support shelf from the underside. Once the break appears, downside targets are large. 128 becomes the first target with even lower levels possible. EURUSD, GBPUSD, USDCAD, and AUDUSD appear to be reversing too. This means EURJPY, GBPJPY, CADJPY, and AUDJPY may be ready to trend lower.
Short
by JWagnerFXTrader
1
CAKEi am no days monitoring Cake and taking in consideration of the market conditions, it is about time that this project must make a move. Long time now that Cake is totally oversold and under sell pressure, but if we see it in Daily tf, we could see that volume it is trying to increase and price going slowly up, if you see the oscillators on 4H tf, they show that it is full buy and knowing that some projects have already skyrocketed latest days, i would like to think that maybe even Cake must follow. if breakout happens tomorrow as i could think it must, then i think Cake it will hit 2.8 - 3.5$ This is only for spot trade. nfa dyor
Long
by DakuNit
Gold Futures – Short-Term Technical Outlook as of April 23Gold surged to nearly $3,500, but multiple indicators now point to a potential top. A short-term correction or consolidation phase appears likely before any new highs. Bearish Signals Across the Board: RSI Divergence: RSI failed to confirm recent highs, showing bearish divergence. Momentum Fading: MACD & momentum oscillators rolled over → rally exhaustion. Volume Shift: Rising on down moves, drying up on rallies → classic distribution. Bearish Candlesticks: Spinning tops + bearish engulfing patterns signal reversal risk. Elliott Wave: Likely completed 5-wave impulse → next up: ABC correction? Cycles: April top aligns with intermediate cycle peak → watch May for cycle low. Seasonality: Historically weak May–June period approaching. COT Data: Speculators still long, but commercials heavily short → caution warranted. 🎯 Trade Setups Short-Term (1–5 Days) 🎯 Short Entry: ~$3,400 📉 Target: $3,270 → $3,215 🛑 Stop: Above $3,460 Medium-Term (1–4 Weeks) 📉 Short below $3,215 → Target $2,970 ✅ Or go long on confirmed bounce at $3,150–$3,180 Long-Term (1–6 Months) 🟢 Bullish bias after correction completes 🛒 Buy zones: $2,960–$2,720 🎯 Targets: $3,540 → $3,900+ ⛔ Stop: Below $2,700 🧭 Outlook Summary: Bias: Cautiously Bearish (short-term) → Bullish (long-term) Gold likely topped in April — expect weakness or sideways action before the next major leg higher. Be patient for a better buying opportunity later this spring/summer.
COMEX:GC1!Short
by AZ-Technical
1
[USD\RUB] Enter email subjectHi Ivan, good day again. I’ve had a look at your idea regarding the ruble. I'm afraid you still didn’t quite catch my sense of humor. And unfortunately, you haven’t fully absorbed the program either. But hey—you’re doing well! Your efforts show. And your ideas aren't the worst ones I’ve seen on LLC "Trading View". I can say that for sure. I've seen some crazy forecasts there. You’ve already used a kind of Elliott approach and added RSI. I’m glad you picked that up quickly. Now, back to the critique - there’s a lack of innovation, some fresh perspective, and generally, a bit more realism is needed. I get that on TW everyone copies each other. But you need to develop new methods and theory, which means you need to form a clearer vision. Ivan, drop by my office. I’ll help you, maybe we can brainstorm together. I sketched a rough draft of an idea. I want to tell you about it-don’t get scared, just take a look at the attachment. Subject: "Forming Long-Term Forecasts on Global Timeframes Using Transparent Overlay Method." Check out the screenshots - you’ll see that by overlaying semi-transparent bars at the 1M level, we can estimate the chart’s behavior on 3M, 6M, and 12M timeframes. It helps assess the realism of the forecast and the fluctuation levels within a given range. Like, surely you understand that we’re unlikely to see seven consecutive red 3M candles at this stage. When building long-term forecasts, that sort of thing matters—even if no one seems to care. Anyway, we’ll talk about it in person. Call me if anything. Also—do you by any chance know how Oleg’s doing? I haven’t heard from him in a while. Has he at least figured out how to switch to 3M, 6M, and yearly candles yet? Come together, both of you. I’ll go over everything again. By the way, could you help me reinstall Outlook? For some reason all my settings vanished, the shortcut’s gone, and I can’t find any contacts. Or maybe bring over a tech person - maybe that’s why I’m not getting any emails. Best regards, Riva Trick
by rivatrick
XAUUSD XAU/USD refers to the exchange rate between gold (XAU) and the U.S. dollar (USD). It shows how much one ounce of gold is worth in U.S. dollars. Investors and traders often use this pair to track the price of gold in relation to the strength or weakness of the U.S. dollar. Gold is seen as a safe-haven asset, so its price tends to rise when there is economic uncertainty or a decline in the value of the dollar. On the other hand, when the dollar strengthens or global economic conditions are stable, the price of gold may decrease.
ICMARKETS:XAUUSDLong
by HavalMamar
EURCHF Wave Analysis – 23 April 2025 - EURCHF broke the resistance area - Likely to rise to resistance level 0.9500 EURCHF currency pair recently broke the resistance area between the resistance level 0.9365 (former strong support from the start of 2025) and the 38.2% Fibonacci correction of the downward impulse from March. The breakout of this resistance area should accelerate the active upward correction which started earlier from the major support level 0.9250. Given the strength of the support level 0.9250 and the strong outflows from the Swiss franc, EURCHF currency pair can be expected to rise toward the next resistance level 0.9500.
Long
by FxProGlobal
AUDNZD Elliott Wave AnalysisHello friends On the AUDNZD currency pair chart, we are witnessing the formation of a complete Elliott wave pattern. These waves from 1 to 5 are quite clear and we can even count its sub-waves. Now a 5-wave pattern has formed, with wave C completed by a range. Wave 5 of wave C is a contracting triangle. Now the upper trend line of this triangle has been broken and pulled back. So we expect the price to grow. Any situation may arise. The first target is also the 1.08400 range. The stop loss is also considered the 1.06500 range. Good luck and be profitable.
Long
by M_Gheysvandi
(ETH) ethereum "rays - month by year pattern(s)"I drew lines between each year connecting each month one year at a time using rays so that the lines would continue on through the chart. I was hoping this would give me some indication of a pattern or view on the chart that would reveal something ideal to see into the future. ...I do see one tiny pattern. At the beginning of 2022 the previous early months rays were ascending but by the second quarter the rays were descending. That is the same thing that happened this year. The hopeful becomes the hopeless. Are we in for a horrible Ethereum year?
BITSTAMP:ETHUSD
by CryptocurrencyBlot
1
2025-04-23 - priceactiontds - daily update - nasdaqnasdaq e-mini futures comment: Until bears close the gap down to 18500, this is bullish, no doubt about it. I just think that we have seen 3 legs up and we are at big resistance. There is a chance that we have see the high today for this bull leg in what is likely a bigger trading range or still a very small chance of the continuation of the bear trend. Tomorrow will likely be key for this week. If we find acceptance above 18700, no reason not to run all the stops up to 19400. Below 18700 last chance for the bulls is defending the bull gap 21600 and below we go down hard again. current market cycle: trading range, triangle on the daily chart - that is dead once we go above 19400 key levels: 17800 - 19500 bull case: Bulls want to test the 50% retracement and run all the stops up to 19500. That is the only price that matters for them. That would mean we are making higher highs again and this bear trend is over for good. There really isn’t much more to it right now. Bulls just can’t let the market fall below 18600 or today’s rally was indeed the bull trap I expect it to be. Invalidation is below 18600. bear case: Bears want a lower high below 19388 and continue inside the triangle. If they can make lower lows again, the momentum would be dead and only really good news could help the bulls. Right now I prefer the triangle structure we are in and favoring the bears to trade back down to at least 18400 tomorrow/Friday. Above 19000 I don’t think many bears will hold short and hope that 19165 remains resistance. Invalidation is above 19000/19170. short term: Neutral at 18900. Bearish only below 18700 and how strong the move is. Bullish above 19000 for 19165 retest and maybe much higher to 19500. medium-long term - Update from 2024-04-20: My most bearish target for 2025 was 17500ish, given in my year-end special. We had the clear W1 and W3 but now it’s messy. Only a big tariff agreement news can move the markets and that can go either way. You have no edge in guessing what will happen, so having huge swing positions right now does not make much sense. If earnings go bad, we will go much lower. What is the next big support to be hit? The lows of 2022 at 12565. Can we really get there? With a deep recession and some bigger failings, sure but for now it’s unrealistic to expect it. trade of the day: Long since Globex open but the selling above 19100 was a big warning and then market let the bulls out with a higher high but that was is. Easiest move was either holding long on Globex open or buying the double bottom 18630 with stop below the gap down to 18400ish.
CME_MINI:MNQ1!
by priceactiontds
GBPCAD The Target Is DOWN! SELL! My dear followers, This is my opinion on the GBPCAD next move: The asset is approaching an important pivot point 1.8481 Bias - Bearish Safe Stop Loss - 1.8552 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.8357 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1