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the bottom yet to come - wyckoff accumulation phaseelliott wave analysis of bitcoin on daily timeframe the latest move/wave does not look like an impulsive move but rather a corrective move as a result, the idea of bear continuation and new bottom occurrence probability shall not be ignored. If it is the case, then we may assume that the market might be in a accumulation phase for extended period of time (as displayed in the chart) mainly sideways and probable new bottom to form before the bull run resumes details of the analysis is presented on the chart and you are kindly invited to check the links below for further details of the characteristics of the elliott waves please note that : - these patterns do not provide any kind of certainty about future price movement, but rather, serve in helping to order the probabilities for future market action - trade setups must be confirmed in conjunction with other forms of technical and fundamental analysis - and please remember that this analysis is not a financial advice and presented for educational purpose only Elliott Wave Theory : Motive Waves and Corrective Waves Published Indicators : Indicators page
by dgtrd
73
PLANB | Elliott Wave Projection - Leading Diagonal 5-WavePrice action and chart pattern trading > Wave projection - Leading diagonal pattern with a possible 5-wave uptrend > Entry @ pullback and breakout downtrend line wave 2 and wave 4 near lower support of uptrend wave channel. > Target @ previous primary wave 3 | 0.786 - 1.0 zone +30% upside > Stoploss @ upcoming wave 3 and upcoming wave 5 zone -10% downside > Risk reward ratio 2:1 Always trade with affordable risk and respect your stoploss
SET:PLANBLong
by dukeposh
Gold set to break resistance; $4878 possible this year? Gold is currently approaching its next Fibonacci resistance level of $2096. Once this level is convincingly broken, the next resistance levels will be $2272 and $2463. According to my Elliott wave analysis, gold has started its third impulsive wave, which is part of a higher degree third impulsive wave. These impulsive waves are typically the most explosive and long-lasting. Therefore, we can expect an exciting spectacle in the coming months. I do not rule out a short-term price target of $4878 within a year, as this price target is based on the 1.618 Fibonacci extension of the impulse wave 1 (Dec '15 - Aug '20). Lastly, the monthly chart shows a MACD crossover, which supports my bullish expectations. This typically indicates that the price of gold is expected to continue its upward trend.
TVC:GOLDLong
by joerivdpol
Silver set to explode. According to my Elliott wave analysis, Silver is in the early stages of a third impulsive wave, which is part of a larger third impulsive wave. This is the most explosive wave, with significant price gains expected. The recent breakthrough of a crucial Fibonacci resistance level at $24.66 confirms this outlook. With this level breached, silver now has a clear path to reach $45 in the coming months, with a potential fifth impulse wave pushing it to around $83. Brace for some serious excitement in the coming months!
TVC:SILVERLong
by joerivdpol
Weekly Market Update: Triangle Pattern Conclusion UnderwayAs of right now I would say the triangle pattern certainly is the prevailing pattern thesis. A triangle pattern is one that neither gives bulls nor bears much hope or despair as it tugs at both camps because its range bound. For this trader, I would classify myself as bearish on the overall market, however that does not preclude me from getting long for profit. As of my writing, I am currently short the ES and plan on closing out those positions down in my target box. As we begin our descent into my target box, I should have enough price action to dial in my position closing area more so. From today’s price of 4130 down into the area of approximately (The Sweet Spot) 3950, I plan to access the pattern for a potential long. If price has declined in a corrective manner (3-Wave Pattern) into my target box, then a long into the 4300-4500 makes sense. I wanted to keep this post simple, concise and to the point. We have enough noise to contend with between this regional banking crisis, inflation, the Fed, Jobs and the overall economy. Based on the pattern I have as of today, the above are my expectations…and as of today, I have no additional information that would cause me to change that analysis. Best to all, Chris
CME_MINI:ES1!Short
by maikisch
1
Solar Coin ($SOLAR): Short term Bullish SetupFrom a technical point of view, this $altcoin could remain interesting in short term, that said, if we look at the daily chart, $SXP could develop a bullish impulse structure (12345). This setup is very simple, wait for pullback in support area to try to take long position with stop loss below the support (daily close). Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
SLong
by TheAnonymousBanker
8
Bitcoin Reversal with Highest Volume of 2023?I Want to point out a few things about the last bitcoin's possible reversal point: 1- We had the highest volume on daily candle since 2023 with a bullish pin bar 2- The price rejection is from the previous cycle ATH around 19700$ which makes it an important level (Maybe the strongest support till 16000$) and also near the bottom of the ichimoku cloud Now, IF we consider this as a reversal , there are a lot of things happening here: 1- A huge channel has appeared beginning from 16300$ which I draw as a Fibonacci channel 2- Trading View's Elliot Wave chart pattern shows the targets with its wave projection considering the end of wave (a). And here are a lot of Resistances on the way (If you needed to read more about Volume Profile here is the link ): 1- Around 21500$ is both VAL of the Volume Profile and a technical resistance around the end of the wave (4) as the first target of the wave (b) projection 2- Around 23000$ is both POC of the Volume Profile and around the top of the ichimoku cloud as the last target of the wave (b) projection 3- Also we have a bearish trend line on the way And don't forget that Today and Tomorrow we will have the least volume and price movement according to the averages (linked the script on the related ideas), so Monday will be the real deal.
Long
by NoaTrader
Further Downside in DAX Impulsive Elliott Wave DeclineDAX ended cycle from 9.28.2022 low in wave ((1)) at 15707.61 with internal subdivision as 5 waves. Index is now correcting that cycle within wave ((2)) in larger degree 3, 7, or 11 swing. Internal subdivision of wave ((2)) is unfolding as a zigzag Elliott Wave structure. A zigzag is an (A)-(B)-(C) structure where wave (A) and (C) both subdivide in 5 waves. Wave (A) of ((2)) is now in progress as 5 waves. Down from wave ((1)), wave ((i)) ended at 15524.85 and rally in wave ((ii)) ended at 15667.21. Index resumes lower in wave ((iii)) towards 14913.98, and wave ((iv)) ended at 15128.25. Final leg lower wave ((v)) ended at 14887.44 which completed wave 1. Corrective rally in wave 2 has ended at 15272.11 and the Index resumes lower in wave 3 towards 14702.91. Wave 4 is proposed complete at 1488.06. Expect the Index to see a few more lows before ending wave 5 and this should complete wave (A) in larger degree. Afterwards, the Index should rally in wave (B) to correct cycle from 3.7.2023 high before it resumes lower again in wave (C) of ((2)). Near term, as far as pivot at 15707.6 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
XETR:DAX
by Elliottwave-Forecast
Weekly Update: Will Targets Get Hit?Since I started posting on TradingView.com once per week, I have been warning my readers of softness into the 3800 -3720 area target box. Today, I have no reason to believe otherwise. Really, my only question is when, and then what happens next? I have a purple pathway down to the low 3000’s and as of now that remains an alternative. With the loss of positive divergences on the hourly I do believe eventually we get into my target box. From there I look to constructive patterns developing. So far nothing has changed…how we get there is up for discussion. Best to all, Chris
CME_MINI:ES1!
by maikisch
3
GBPUSD: EW perspective (A rise, then a drop)Dear traders, I would like to present to you my Elliott Wave (EW) perspective of the GBP/USD currency pair. Based on my analysis, I expect to see a temporary bullish correction followed by a bearish move from the broken support level, ultimately leading to a decline towards the 1.16300 region. It is important to note that my level of invalidation for this analysis is 1.2065, which means that if the price exceeds this level, my outlook would be deemed incorrect. Therefore, I suggest closely monitoring the 1.19000 region for a potential selling opportunity. Thank you for your attention and good luck with your trading endeavors.
Short
by Samuel124
Weekly Update: ES to 3800The last several weeks I have written about the move to the 3800 level and with the smaller chance of a direct move to the low 3,000 level right now. Clearly, there are people on both sides of the bullish/bearish equation and they’re not shy to share their support or disdain for my forecasts. I’m grateful for that, because that is what makes a market. However, the price action is voting now and, although not there as of my writing this update, it appears my targets will be hit. I will not spend an outsized amount of time regurgitating my analysis. I will point out that events that encompass a super cycle retrace of gains, is a reversion to the mean of what brought us to this event. Yes, I’m talking about inflation and the unprecedented hikes in interest rates. This boils down to a new way of thinking. The acceptance of higher interest rates is the main one. Inflation will ebb and flow, but interest rates are going far higher over the longer term than most think…and most will accept right now.
CME_MINI:ES1!Short
by maikisch
4