Get started

Elliott Wave

GLD UpdateStill waiting for price to continue lower towards the target box. As I have said many times before, C waves can either be 3 or 5-wave moves. This appears as if it will be a 3-wave move based on the structure it has carved out thus far. I am of a mindset that we should move into the box within the next month or two. Gold in general just moves very slow the majority of the time. Every once in a while, it sees some volatility but that is very rare. Should it make a new ATH before entering the box, then wave 4 is likely already over and was very short. This is not my primary thought process but nonetheless it is very possible.
AMEX:GLD
by TSuth
AUDUSD Wave Analysis 26 December 2024 - AUDUSD reversed from resistance level 0.6270 - Likely to fall to support level 0.6200 AUDUSD currency pair recently reversed down from the resistance level 0.6270 (former multi-month support from the start October of 2023, acting as the resistance after it was broken yesterday). The downward reversal from the resistance level 0.6270 stopped the previous minor correction iv – which belongs to sharp sub-impulse 3 of the higher impulse wave (3) from September. AUDUSD can be expected to fall to the next support level 0.6200, which stopped the previous impulse wave iii earlier this month.
Short
by FxProGlobal
BTC Long-Term Top Signals, Potentially Headed to $32k in 2026Bitcoin is currently exhibiting several long-term top signals, some of which stretch all the way back to 2019. Those include: Wave-D = (C+B)/2 in Time Wave-D = 0.618(B) in Price Waves a, b, c, f, and g are all time-similar forming a perfect diametric First Wiseman signals on Weekly, Monthly charts All three wisemen on Daily charts HUGE long-term momentum divergences on all long-term charts Manic market sentiment following Trump's promises and $100k prices (which he may not keep) I believe a deep, long-term bear market is highly likely from this point. It also appears that the stock market could be falling into a bear market as well. The invalidation for this forecast will be for BTC to make new all time highs. If we can reverse the wisemen signals and long-term time/price targets that have formed that would be extremely bullish, but at the moment that is seeming less and less likely. For now the probabilities are favoring major downside in crypto, stocks, and real estate. There's also other possible targets. While $32k in 2 years is close to the worst case scenario, a drop lasting only a few months and forming a smaller x-wave or something else is also possible. It will depend ultimately how this develops. To confirm a long-term bear market we should hit around $62k by end of Q1. If it takes longer than that, it's possible the bear market won't be as big. Right now, the important thing is that the market is at a clear fork in the road. If it can't push new all time highs then the signals clearly say that we are headed down from here based on the momentum, price action, sentiment and wave counts. How far down exactly can be determined in the future when there's more information.
BITSTAMP:BTCUSDShort
by Intuit
1
MicroStrategy Long-Term Top Based on Perfect Fib RatiosSeveral long-term signals on Bitcoin are indicating a potential top including long-term price and time ratios, long-term momentum indicators, as well as wisemen on weekly and daily charts. This made me look more closely at MSTR, which is also exhibiting significant signs of a potential top. Some of these on this weekly chart include: Larger Degree (red boxes) Wave-C = 161.8%(B) in price Wave-C = 138.2%(A) in price wave-C = 100%(B) in time wave-A = 25%(B+C) in time Smaller Degree (green boxes) Wave-c = 50%(a+b) in time wave-c = wave-a in price Complex structure potentially ending with a zigzag Based on all these factors, the chances of a top here are high. However, if we do make new all time highs it would be a good idea to reverse and go long crypto again, as it would likely mean that all these signals are just a MASSIVE bear trap and there could be significant upside left. For now, as long as we remain directly under these long-term price/time targets on both BTC and MSTR, combined with long-term sell signals, the chances of a trend reversal in crypto is high. There's also significant bearishness in virtually all global asset markets right now, which could in a worst case scenario last for 1-2 years, and possibly be worse than 2022. It is difficult to say at this point what the trigger for the coming crash could be, possible chaos surrounding the transition to a new administration, high rates putting pressure on commercial real estate and regional banks, some high profile financial failures, a major war, or something else that i can't predict
NASDAQ:MSTRShort
by Intuit
BTC/USDT : 200 day MA is key support to a massive $160,000 jump.Hello Traders, A compelling pattern is forming for CRYPTOCAP:BTC . Considering how BTC interacted with the 50 day MA from November 2023 to March 2024, with BTC retesting at $40,000 in January and then surging to $73,000 in March, if history repeats, the 2025 bull run could potentially send BTC to $160,000 within three months. Technically, BTC broke through the 50-day MA resistance from above and from $48,000 it declined by 20% towards the 100-day MA trendline to have rest at $38,000. From the 100-day MA trendline, BTC then rallied by 90% all the way up to $73,000. If this historical move were to repeat, BTC would likely encounter the 100-day MA trendline to fall 20% at $85,000 before another 90% surge towards $160,000 🚀🚀🚀. Play safe, #DisciplineWithStopLoss before you invest and keep close eyes on 50 & 100 day MA trendlines 🤞 #ChartPatterns #SwingTrading #BTCUSD #PatienceIsKey #RektProofTrade #ProtectYourCapital
Long
by hp_charts
1
GOLD → A chance for growth or a trap?FX:XAUUSD continues to give hope to the bulls, trading inside a local rising channel resembling a flag on the background of a local bearish trend. Further upside for the gold price may remain limited as the US dollar remains underpinned by the Fed's hawkishness. This begs the question: what will happen to rates? Hold or rise? It is worth understanding that the rise in inflation expectations against the backdrop of Trump's protectionist policy requires an increase in interest rates. In addition, statistically, the dollar enjoys interest towards the end of the year, and because of the Christmas holidays Technically, I am still skeptical about a possible strong growth, as the fundamental background is weak. Technically, the price may bounce from any nearby strong level. Resistance levels: 2633, 2650 Support levels: sma, 2606 We may not expect strong moves at the end of the year, the market is already celebrating the end of 2024. But the probability is there. Emphasis on the nearest strong levels from which the fall may resume Regards R. Linda! Happy Holidays to all and a productive new year 2025!
FX:XAUUSDShort
by RLinda
12
USDJPY → Consolidation in the buying zone FX:USDJPY continues its bullish rally on the background of growing dollar. The fundamental background is on the side of the dollar, which is generally a negative factor for the yen. Technically, the price is still inside the uptrend. Moreover, the currency pair is breaking the flat resistance and after the correction and false breakout, it is consolidating above 156.75. If the bulls hold the defense above this level, the currency pair will head towards 160-162 in the medium term. The technical and fundamental background is on the side of the buyer. Resistance levels: 157.76, 160 Support levels: 155.88, 154.5 Price consolidation above 156.76 and further breakdown of the local maximum will provoke active purchases, which may lead the price to the targets indicated on the chart. Regards R. Linda! Happy Holidays and a productive 2025!
Long
by RLinda
2
$SPY December 26, 2024AMEX:SPY December 26, 2024 15 Minutes. I had expected 200 averages in 15 minutes to be resisted. It broke and held on to that for more than 2 hours on the 24th of December. For the rise 592.25 to 601.34 it is important to hold 597 levels for uptrend to continue. It is also 21 averages in 15 minutes. For the larger rise 580.91 to 601.34 holding 593-594 is crucial to hold. Above 603 I expect a 3 to 5 $ move which was resisted earlier before the fall. At the moment I will sell only below 588 for good 10$ move. 575-578 is a crucial number to hold on downside. In daily uptrend is intact.
AMEX:SPYLong
by RiderTrader
3
Tesla UpdateI want to start by saying the lower box, at this time, is an estimate. This is assuming that price comes into the 0.786 and reverses. Should price breach that area but still have intentions of dropping in a c wave, the target will be slightly higher. Should price not hit the 0.786 and reverse lower, the target will be slightly lower. The differences between these two possibilities is negligent which is the only reason I am posting this target box. However, there is still the chance that the pattern has intentions of striking another high to the larger 1.618 @ $537.32. I do not think this will come to pass...but it can. Therefore, whatever your position is or could be, you NEED to keep this in mind. We have no confirmation that the move higher is in fact done. Do I think that it is? Yes, I do. As I mentioned above though, I cannot guarantee that at this time. We still have neg div which does favor a move lower. Ultimately, we just need more data to say conclusively what the pattern has in mind. This target box would be an ideal spot for the A wave of (4) to terminate should this be an ED. Ideally, we will know more by EOW, but it could make us wait until early next week for answers.
NASDAQ:TSLA
by TSuth
6
GME: Skeptical of zealous predictions that fail to materializePatience is the virtue most valuable to me in the world of trading. To me, patience means not only plan the trade, trade the plan, but more deeply, NO REGRETS. If I miss out, SO WHAT? It was not my pitch, and in the markets, THERE ARE ALWAYS OTHER OPPORTUNITIES, on a daily, if not hourly basis. I have watched more "MOASS" predictions fail over the past few years than any of their respective authors would like to admit. Trader after trader steps up and says, ITS GONNA EXPLODE at this price, at this time, when this happens, or if that does not...but 99.9% of these predictions are nothing but filler and sensationalism. What I wonder...where is the sauce? Where is the technical tip off that indicates a high probability that the DESIRED or HALLUCINATED price action should take place? The answer is typically, it simply does not exist at the time of the publications. For context and as to my business here, earlier this year, February/March, upon completion of my mentorship, I decided to make price predictions of GME my sort of Thesis, if you will, to see whether what I had learned about Elliot Wave, Fibonacci, and MACD strength indications had been a waste of time. Early March 2024, upon review of the EW pattern, I called for sustained downward pressure into early May. At the very end of April, about 8 weeks later, while doing my routine weekly charting, I noticed I had run out of wave magnitude. I checked my count and price levels against MACD, and lo and behold, we appeared to have struck a bottom. I made another post stating that we had arrived a little early but that the initial downside corrective had completed. Within 2-3 weeks, GME traded at $80/share. All I had done was apply what I had learned over the preceding year and exercise patience with price. What I am posting to say here is, I SEE NO INDICATION THAT PRICE SHOULD EXPLODE UPWARD, AND SEE PLENTY OF REASON TO SAY THAT WE NEED MORE SIGNIFICANT DIVERGENCE ON THE BOTTOM END TO EVEN BEGIN TO ANTICIPATE ANY SUCH EXPLOSION. I will add, that all I believe the last run amounted to was part of a corrective, and do not believe it represents the beginning of anything, rather, perhaps, the very middle of this saga. The tools I mentioned above are the basic trading tools and concepts I have used to make this statement. BUT primarily, of all the tools which I mentioned or which may be depicted in my chart, PATIENCE is the tool I value mostly. If you know what you are doing, and practice with the tools you profess to use to make a living, when it comes to bottoms (or tops for that matter) you will know them when you see them. PATIENCE is necessary in all applications of the tools I describe and ultimately, the most important tool any trader can possess. In that vein, the old saying goes, Discretion is the better part of valor (not courage, or stupidity, to run out on no man's land, pots a clanging with tent sticks falling out of your back pack, acting like you'll win the war in a moment). Best, Cuz
NYSE:GME
by CuzDelux
3
Pepe's analysis updatePepe is now in the second wave of the fifth wave, his last upward wave from the first big wave. I expect a small correction from him. The maximum correction he can have is 50 in weekly time, which is 0.000010. Considering that the size of the last ascending waves cannot be accurately predicted, but if we consider the size of the third wave, it will be 0.00019 In general, there is no certainty, everything is a possibility, I just hope that I predicted correctly
CRYPTO:PEPEUSDLong
by mohamadgadimpour
2