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Elliott Wave

Bitcoin - Will hit 135k in the short-term, Elliott and FIBOBitcoin is rising! That's what everyone sees at the moment, but we don't want to get drunk and establish our profit target. Where to take profit? Because we are in the price discovery mode, there is no previous price action above the current price. At this moment we really cannot use any horizontal lines, gaps, volume profiles, imbalances, previous ranges, or previous swing highs to establish our profit target. So we have to use special tools, such as Fibonacci extension or Elliott Wave. The Fibonacci extension is a great tool - in bitcoin's case we have a 1:1 FIB extension sitting at 135,096. This level is also in confluence with a major trendline that we can see on the chart. This gives us a really good profit target in the short term for this particular trade. This is also an opportunity to short Bitcoin here, if you trade futures. From the Elliott Wave perspective, we are in wave (3), so I made a prediction on where this wave should terminate and also where wave (5) should terminate. I think my analysis definitely makes sense! Please share your analysis in the comment section, only copy your link here. Trading tip at the end: Avoid the Obvious / Market Traps - Some obvious trading situations are kind of a trap where the chances are that everyone else has also spotted a wonderful trade situation which eventually sets you up for a disaster. Many people get trapped in some obvious good looking trades. Some obvious trades can sometimes be the market traps as they are hyped, professional traders stay away from these traps. Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Long
by Xanrox
141
$LAC up from here: support, elliot wave, price actionI believe LAC may have begun its 3rd elliot wave, with a bottom at $2.33. There also appears to be nice recent strong base support around $2.80. In addition, there appears to be a deviation between price and money flow, as shown with the green arrows - with a potential correction available to push price beyond $3.30 very soon. I have entered and will watch its daily action and volume with an upside expectation limit around $9-10, then a 4th wave down, etc. Of course, I am not a financial advisor and I have been wrong before and will be wrong again. I trade within this reality and control my risk.
NYSE:LACLong
by montgomrie0359
Gold Roadmap: Next Stop $3,325 After Ascending Channel Break?Gold ( OANDA:XAUUSD ) failed to touch the Potential Reversal Zone(PRZ) in the previous idea , and I took the position at $3,351 = Risk-free. Gold is moving in the Resistance zone($3,366-$3,394) and has managed to break the lower line of the ascending channel . In terms of Elliott Wave theory , with the break of the lower line of the ascending channel, it seems that gold has completed the Zigzag correction(ABC/5-3-5) . I expect Gold to trend downward in the coming hours and succeed in breaking the Support zone($3,350-$3,325) and attacking the Support line again , and probably succeeding in breaking this line this time. Note: Stop Loss (SL) = $3,396 Gold Analyze (XAUUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
26
The 3rd Nevada Lithium Elliot WaveI believe LAC may have begun its 3rd elliot wave, with a bottom at $2.33. There also appears to be nice recent strong base support around $2.80. In addition, there appears to be a deviation between price and money flow, as shown with the green arrows - with a potential correction available to push price beyond $3.30 very soon. I have entered and will watch its daily action and volume with an upside expectation limit around $9-10, then a 4th wave down, etc. Of course, I am not a financial advisor and I have been wrong before and will be wrong again. I trade within this reality and control my risk.
NYSE:LACLong
by montgomrie0359
1
Bitcoin: New All-Time High — What’s Next?Bitcoin had an incredible run, breaking the old all-time high ($111,980) with strong bullish momentum and setting a fresh ATH at $123,218 (Binance). We just witnessed the first major corrective move of ~6% and a decent bounce so far — but the big question is: What’s next? Will Bitcoin break higher over the summer or form a trading range here? Let’s dive into the technicals. 🧩 Higher Timeframe Structure May–June Range: BTC was stuck between $110K–$100K, forming an ABC corrective pattern. Using trend-based Fib extension (TBFE) from A–B–C: ✅ C wave completed at $98,922 (1.0 TBFE) ✅ Upside target hit at $122,137 (-1 TBFE) Full Bull Market TBFE: ➡️ 1.0 → $107,301 → previously rejected ➡️ 1.272 → $123,158 → recent rejection zone Pitchfork (log scale): ➡️ Tapped the upper resistance edge before rejecting. Previous Bear Market Fib Extension: ➡️ 2.0 extension at $122,524 hit. 2018–2022 Cycle TBFE: ➡️ 1.618 at $122,011 tapped. Macro Fibonacci Channel: ➡️ Connecting 2018 low ($3,782), 2021 ATH ($69K), 2022 low ($15,476) → 1.618–1.666 resistance band: $121K–$123.5K. ✅ Conclusion: Multiple fib confluences mark the $122K–$123K zone as critical resistance. Daily Timeframe ➡️ FVG / Imbalance: Big daily Fair Value Gap between the prior ATH and $115,222 swing low. BTC broke the prior ATH (pATH) without retest → a pullback to this zone is likely. Lower Timeframe / Short-Term Outlook We likely saw a completed 5-wave impulse up → now correcting. The -6% move was probably wave A, current bounce = wave B, next leg = wave C. ➡ Wave B short zone: $120K–$121K ➡ Wave C target (1.0 TBFE projection): ~$113,326 ➡ Confluence at mid-FVG + nPOC Trade Setups 🔴 Short Setup: Entry: $120,300–$121,000 Stop: Above current ATH (~$123,300) Target: $113,500 R:R ≈ 1:2.3 🟢 Long Setup: Entry: Between Prior ATH and $113,000 Stop: Below anchored VWAP (~$110,500) Target: Higher, depending on bounce confirmation. 🧠 Educational Insight: Why Fibs Matter at Market Extremes When markets push into new all-time highs, most classic support/resistance levels disappear — there’s simply no historical price action to lean on. That’s where Fibonacci extensions, channels, and projections become powerful tools. Here’s why: ➡ Fibonacci extensions (like the 1.272, 1.618, 2.0) help estimate where trend exhaustion or profit-taking zones may appear. They are based on the psychology of crowd behavior, as traders anchor expectations to proportional moves from previous swings. ➡ Trend-Based Fib Extensions (TBFE) project potential reversal or continuation zones using not just price levels, but also the symmetry of prior wave moves. ➡ Fibonacci channels align trend angles across multiple market cycles, giving macro context — like how the 2018 low, 2021 ATH, and 2022 low project the current 1.618–1.666 resistance zone. In short: When you don’t have left-hand price history, you lean on right-hand geometry. That’s why the $122K–123K zone wasn’t just random — it’s a convergence of multiple fib levels, cycle projections, and technical structures across timeframes. ⚡ Final Thoughts Bitcoin faces major resistance around $122K–$123K backed by multiple fib and structural levels. A retest of the prior ATH zone (~$112K–$113K) looks probable before the next big directional move. Watch lower timeframe structure for signs of completion in this corrective phase. _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.
Short
by SiDec
4
Dow Jones Futures (YM_F) Expects Rally From Extreme AreaThe Dow Jones E-mini Futures (YM_F) favors impulsive rally from 4.07.2025 low of 36708. It is trading close to the previous high of 1.31.2025 of 45227. A break above that level will confirm the bullish sequence. Other US indices like Nasdaq & S & P 500 futures already confirmed the new high in daily, calling for more upside against April-2025 low. As per latest Elliott wave sequence in Dow Jones, it favors upside & pullback in 1-hour remain supported in extreme area to rally higher. Since April-2025 low, it placed 1 at 42976 high & 2 at 41236 low. Above there, it favors upside in 3 of (1) & expect one more push higher, while dips remain above price trendline. We like to buy the pullback in 3, 7 or 11 swings at extreme area for next rally. Within 3, it ended ((i)) at 43316 high, ((ii)) at 42088 low & ((iii)) at 45177 high. In wave ((iii)), it ended (i) at 42759 high, (ii) at 42096 low, (iii) at 44435 high, (iv) at 44185 low & (v) at 45177 high. Currently, it favors pullback in zigzag correction in ((iv)) & expect small downside in to 44286 – 43815 area before resume upside in ((v)) of 3. Within ((iv)), it placed (a) at 44482 low, which subdivides in 5 swings. It placed (b) at 45043 high in 3 swings bounce that almost corrects 90 % of (a). Currently, it favors downside in (c), which should unfold in 5 swings in to extreme area. Within (c), it placed i at 44324 low, ii at 44827 high & iii at 44118 low. It favors bounce in iv before final down in v to finish the (c) of ((iv)) against 6.19.2025 low before rally resumes towards 45500 or higher levels. In 4-hour, it expects two or more highs to finish the impulse sequence from April-2025 low before it may see bigger correction
CBOT_MINI:YM1!
by Elliottwave-Forecast
#Banknifty directions and levels for July 16th:Current View If we look at the Bank Nifty chart from a broader perspective, it appears to be forming a bullish triangle pattern. If we count the swings, it seems we are in the 4th wave, and the 5th downward wave is still pending. So, if the market faces rejection near the top of the triangle, we can expect a minor correction, which may reach the bottom of the triangle pattern. (For confirmation of the correction, the market must break the support zone at a minimum.) Alternate View Alternatively, if the market finds support around 56953 or at the support zone, we may see some consolidation. After that, if it breaks above the top of the triangle, the minor rejection zone may act as a resistance before the rally continues.
NSE:BANKNIFTY
by Manickamtraders
4
Cable looking for a new high with Ending DiagonalCable found some support in the last 24 hours and it looks like we may still see a retest of the high, so apparently this 5th wave is still in progress but unfolding with an ending diagonal with subwave five on the way up to 1.37–1.38, which could be the key resistance for this reversal pattern. So despite some recovery that is happening right now, we still think that the impulse from January is in late stages, which is also confirmed by divergence on the RSI and overlapping price action that clearly suggests that bulls are losing strength up here. GH
by ew-forecast
GOLD → Consolidation ahead of CPI. Chances for growth?FX:XAUUSD Gold is consolidating amid a correction in the dollar ahead of important news. Consumer price index data is due later today. The market is stagnant and will not move prematurely. On Tuesday, gold rose slightly amid profit-taking ahead of the US CPI release. Investors are waiting for a signal from inflation: weaker data could strengthen bets on a Fed rate cut and support gold, while strong inflation would strengthen the dollar and put pressure on the metal. The situation is exacerbated by Trump's new tariff threats and his criticism of the Fed chair. Let me remind you of Trump's pressure on regulators regarding inflation and interest rate cuts. Technically, gold is trading above the previously broken “symmetrical triangle” consolidation. Bulls are trying to hold their ground above 3340-3350. Focus on the current range of 3340-3373 Resistance levels: 3373, 3394 Support levels: 3350, 3340 Favorable news for gold could boost interest in the metal, which would generally lead to growth. However, there is a factor of unpredictability, and against this backdrop, gold may test support at 3350-3340. If the bulls manage to keep the price above this zone, we may see growth in the medium term. Otherwise, the price may drop to 3310-3280. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
9
$RIOT Hit The Target Whats Next?NASDAQ:RIOT hit the descending orange resistance were I took partial take profits on my trade this week and it was immediately rejected as expected. Price is now above the weekly pivot so that is the next support. This level also matches the weekly 200EMA. Wave (II) hit the 'alt-coin' golden pocket of 0.618-0.786 Fibonacci retracement at the High Volume Node (HVN) support and descending support line which kicked off wave (III). A breakout above the descending resistance line bring up the the next target of the HVN and previous swing high at $18-20 and $40 following a breakout above that. Safe trading
NASDAQ:RIOT
by Maddox_Metrics