XAUUSD PERSPECTIVEIt's been awhile.
Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
Elliottwaveidea
Riding the Wave: A Deep Dive into EURUSDElliott Wave Analysis of EURUSD
This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk, and individuals should consult with a financial advisor before making any investment decisions.
Current Analysis
Based on the provided Elliott Wave chart, we've identified the following:
Completed Waves: Waves (1) to (4) have been completed in blue.
Potential Ongoing Wave: Wave (5) is currently unfolding, with wave 1 completed in red.
Scenario 1: Upward Reversal
If the low of wave (4) is not breached, we can anticipate a potential upward reversal. This would indicate the completion of wave 2 in red and the beginning of wave 3 in red. This bullish scenario suggests a continuation of the uptrend.
Scenario 2: Downward Correction
If the low of wave (4) is broken, it would suggest that wave (4) is still in progress. This could lead to a further downward correction before the uptrend resumes.
Key Points
Support Level: The low of wave (4) serves as a crucial support level. A break below this level would invalidate the current bullish scenario.
Resistance Level: The high of wave (1) could act as a potential resistance level. A break above this level would strengthen the bullish outlook.
Elliott Wave Theory: This analysis is based on Elliott Wave Theory, which posits that financial markets move in predictable patterns. However, it's important to note that Elliott Wave analysis is not infallible, and other factors can influence market movements.
Conclusion
The current analysis suggests a bullish outlook for EURUSD, assuming the low of wave (4) is not breached. However, it's crucial to remain vigilant and monitor market developments closely. Always conduct thorough research and consider multiple factors before making any trading decisions.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Bullish Bat Breakout: EURNZD Trade IdeaHello traders, I hope you're all doing well. Below is my analysis of the EURNZD pair and a detailed plan on how I intend to capitalize on this trading opportunity.
1. Pattern : Bullish Bat on EURNZD.
2. Completion : The pattern reaches completion at point D, which is approximately at 1.81178 on the chart.
3. PRZ Zone : The potential reversal zone for considering long positions, in anticipation of a bullish reversal, spans about 100 pips, ranging from 1.8185 to 1.80758.
4. Target Levels : Post-reversal, the targeted levels are T1 at 1.83131, T2 at 1.84192, T3 at 1.84952, and the extended target T4 at 1.86495.
5. Entry : I am looking to confirm a breakout above the 1.81849 price region upward, with solid market support for going long before entering the trade.
6. Invalidation : Should there be a break and a close below 1.80758, this would invalidate the pattern and the associated trade idea.
This idea is potentially a 4RR trade idea if it goes as planned.
I will appreciate your thoughts on this idea.
Note: This is not a financial advice.
Cheers and happy trading!
XAUUSD H-4 TIMEFRAME. Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective.
Take care of The Federal Funds Rate News. Trade safe, Everyone!
Cheers.
[UPDATE] XAUUSD TRIANGLEKindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective.
Trade safe, Everyone!
Cheers.
FETUSDT Elliot Wawe theoryExcuse me!
An interesting picture has been drawing in front of me for days.
According to my theory and analysis, an elliot wave may be true for FETUSDT.
As part of this, we may now be in a correction.
I am attaching pictures of the details below.
First picture
$0.60 resistance
Second picture
Liquidation image
Third and fourth picture
Elliot wave in more detail on the hourly view.
R3ncso
XAUUSD SCALPS: SHORTKindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective.
Trade safe, Everyone!
Cheers.
GBPJPY TRIANGLEKindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective.
Trade safe, Everyone!
Cheers.
USD/CAD: Short Term "Buy the Dip" strategy!From a technical point of view,, the FX:USDCAD pair is bearish in short term, but at the same time, we think a corrective structure "must" be triggered. With this in mind, the strategy is simple: "Buy the Dip" on the intraday chart (1H time frame).
On chart I have shown some potential targets that could be reached, but to understand which of these to look at, we need to follow the swing that will form (3 or 5 waves), so it will be necessary to follow and update this analysis (levels) along the way.
Trade with care!
Like 🚀 if my analysis is useful.
Cheers!
Wave 5 #SXPUSDTAfter wave 3 with a steep slope, corrective wave 4 has formed
This analysis is valid until July 16
Everything above is clear just enjoy
BTC wave B is starting again after wave A has completed.BINANCE:BTCUSDT Finally, wave B is starting again after wave A has completed. Let's watch together to see if wave B will be destroyed so that wave 5 can expand or not.
Render's Rally ending? Trading Insights & Retrace AspectsThe rally in Render appears to be reaching its conclusion. Over the past few months, Render has been an intriguing trading token, outperforming BTC by surging from 0.9 to its monthly resistance level of 2.93 (Bybit).
Based on my wave count analysis, it seems that we are approaching the end of the rally at this resistance point. I observe a potential ending diagonal pattern, consisting of a fifth wave within a fifth wave within a fifth wave, characterized by declining volume. A final upward push towards the monthly resistance, accompanied by RSI divergence, could serve as a short trigger. Alternatively, a more cautious approach would be to wait for the breach of the extreme point of wave 3 within the ending diagonal.
If a retracement occurs, the target could be a return to the previous fourth wave of a lower degree. This area coincides with a monthly resistance level, Fibonacci 0.618 retracement level, and the fixed range point of control for wave 4 according to my highest count degree.
In conclusion, the success of this swing trade will depend on the extent of the upward movement before encountering divergences or a reversal. If realized, this trade has the potential for a risk-to-reward ratio of approximately 3.85.
I will closely monitor Render for further signs of weakness, which could present a short-selling opportunity, or to observe if it breaks through the monthly support level accompanied by notable volume
Great Location Doge#Great position with good risk to reward
After breaking the long-term trend line, the price has had a good rally (A) and a slow correction has taken place in the form of wave (B) and I expect wave C to complete.
enjoy
Good position of #UNIThe time of wave five is over and probably traders are not going to sell
This analysis is valid until March 4, 2024
BNBUSDT BEARISH, Bulls be careful!This analysis is on BNBUSDT however, it relates to the market as a whole as all major crypto coins usually trend in the same direction.
This (A)(B)(C) Elliott Wave pattern indicates weakness from the bulls.
Wave (C) formed an "ending wave diagonal" where wave 3 is shorter than 1 and 5 is shorted than 3. This usually indicates exhaustion from the bulls and a reversal to the downside.
The red box indicates an area that would be good to enter a short position.
The green box is where previous support was found due to high levels of volume being recorded. The green box is also where (D) would equal 0.618 (the golden ratio) of (B). This is a common ratio for wave (D) if an ABCDE triangle was to form. In order to reach this level, the price would need to break below the upward sloping trend line.
I hope this helps you with your trading and as always, good luck!
Disclaimer: Not financial advice, intended for educational purposes only
BNBUSDT Short (Longer term view)Here we have a longer term trade for BNBUSDT shown on the daily chart.
The Elliott Wave pattern shown in the image is an "ABC" pattern.
Blue wave (A) moves upwards and consists of 3 waves: A,B, and C (in yellow).
Blue wave (B) moves downwards and consists of 3 waves: A,B, and C (in yellow).
In accordance with the theory, wave C in an ABC must end with 5 waves, which is what we see with blue wave (C).
Blue wave (C) also formed an "ending diagonal" which usually signals that a sharp reversal is due ahead.
Entry price 1 is so that the position can be entered in case we continue down from here and is at 311.03
Entry price 2 is there in case the market pushes higher one last time before moving down and is at 347.35
Be cautious not to over allocate capital at Entry price 1, otherwise your risk:reward ratio will go down to around 1:1
Profit target 1 is at 253.77
Profit target 2 is at 235.74
As always this is not financial advice and is only intended for educational purposes
XAUUSD CONTINUE BULLISHThis is 4-Hour Timeframe, in my perspective wave 4 done with triangle, usually wave 5 in commodities are extended. Trade safe everyone!
FALL AAPLApple company will soon enter the falling wave.
In my opinion, the entire American stock market and crypto will enter a collapse.
It is very likely that we will hear bad news soon
Bearish on the Euro below 1.0930Ever since the 1.1033 high from early February, it seems like the Euro is trading in a complex W-X-Y correction. The 1.0930 level reached last week is the critical point we are looking at. As long as we continue to trade below it, odds favor another run lower which should break below 1.0516, targeting at first 1.0460, the 38.2% retracement of the rally from 0.9569. A break above the mentioned resistance negates this view and confirms that the correction ended at 1.0516.
XAUUSD Forecast on My Elliott Wave PerspectiveThis time, im sharing you Gold projection based on my perspective using Elliott Wave Principle. Potensi sideway sampai 18 Januari 2023.
Matic Elliott Wave ST Ideas, bear and bull.If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Seeing some nice patterns in the lower time frames so I will be using these levels and Elliott Wave to look for plays off of some of these areas of interest in the future if things clear up and continue to print technically. Cheers!
