Elliott Wave
NEAR WXY correction completeHi.
As per my previous post, if btc is in its wave 4 position holding the 0.382 fib as possible correction complete.
We could possibly/hopefully see btc.d start dropping, setups like this on a few alts might start taking of.
We already have the DXY which is nuking, but its yet to hit the broader crypto market.
EWTSU ES1! minuette ii downside to be confirmed
Elliott Wave Trade Set Up
minuette ii downside to be confirmed
price reached strong resistence area 5810/5890
ICHIMOKU shows a buy mood in H4 - BUT kijun sen daily - 5831
EW - pull back looks corrective - abc zigzag - subminuette ii possible extention
FIB levels - 5810/5890
Volume profile - POC still remains in the upper side of the graph
monitoring development
BKY Monthly Chart 2BKY Monthly chart
Elliot wave corrective patterns and Large triangle, added Triangle base target estimate to possible breakout area
Likely $2.70, currently $0.425 = 630% or 6.3 reward to risk if you are willing to keep it to $0.00
Not making money but very experienced and qualified management team developing its spanish mine,
BKY has a current ratio of 31x which suggests it has large reserves circa ~$75mil as of Early 2025 suggesting it has a large reserve to convert assets into production
Meta UpdateI don't have much to add to my Meta analysis. I believe that the minor A wave is complete or only needs OML. However, with the sloppy price action that we have had lower, it is impossible to know for sure. Nothing has cause me to question the top I called at this time. Over the course of the next week or two we should know if the A wave is in fact complete. If it is, then we should be targeting the $670-$700 area for minor B completion. For more information check out my past posts on Meta. If anything is unclear let me know.
Amazon Wave Analysis – 24 March 2025
- Amazon reversed from the support zone
- Likely to rise to the resistance level 210.00
Amazon recently reversed up from the support zone between the support level 190.00 (former resistance from October), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from August.
The upward reversal from this support zone started the minor correction 4 of the active intermediate impulse wave (C) from February.
Given the strength of the support level 190.00, Amazon can be expected to rise to the next resistance level 210.00, former support from February.
EURUSD → Price is in consolidation. Emphasis on false breakdownFX:EURUSD is forming a correction within the consolidation that was formed on the uptrend. The reason for the consolidation is the halt in the movement of the dollar index...
The dollar is forming a counter-trend correction due to political and econmoic data, but the general background is bearish. But, the fall of the dollar, to which the index may soon return, may strengthen the growth of the currency pair. EURUSD consolidation within the uptrend (against the background of the dollar index correction). The zone of interest is the support at 1.078 and the imbalance area
Resistance levels: 1.078, 1.074
Support levels: 1.0936.1.1009
The price has not tested the support and is forming a correction to the imbalance zone 1.087 - 1.09 from which the price may return to the downward movement to 1.078. The emphasis is on the range support from which we should wait for a false breakdown before further growth.
Regards R. Linda!
GOLD → Long squeeze (false break of uptrend support) FX:XAUUSD within the liquidation the price is testing the key support at 3004.9 and forms a false break of support. The trend is generally bullish as the geopolitical situation remains tense and carries high risks.
Friday saw a liquidation phase relative to the consolidation at 3024-3045. Reason: the White House is expected to revise tariff policy, easing measures against key trading partners. Negotiations over the conflict in eastern Europe, where the U.S. is a key link, also support the positive sentiment. On Monday, market attention will focus on Russia-US talks, as well as preliminary PMI data that could affect the global economic outlook.
The focus is on the current consolidation and the 3024 level. If the bulls hold their defenses above this level, gold will continue to strengthen.
Resistance levels: 3045 - 3056
Support levels: 3024, 3004
The growth within the bullish trend may continue. The price is forming a consolidation between trend support and resistance at 3024. The emphasis is on 3024, if the bulls hold the defense over this zone, gold may head for a retest of the high (the initial reaction to ATH may trigger a pullback down)
Regards R. Linda!
Solana Elliott Wave Analysis – Last Low Before Reversal?MEXC:SOLUSDT
We are currently in a downtrend, looking for one final low before a counter-move takes place. In my chart, we are in a blue (4) to blue (5) wave. Within this wave count, I am now looking for an ABC structure, which will lead us to the blue (5) wave.
At the moment, we are in the yellow A-B-C wave, approaching the end of yellow C, which is expected to top out around 148 USDT. After that, I anticipate a red A-B-C correction, bringing us first to 129 USDT, before a possible move up to red C at 170 USDT.
🚨 Key Levels & Indicators:
If the price reverses at 170 USDT, I would consider the green wave count active.
However, if we break above the white line at 180 USDT, the bearish trend is invalid, and bulls take control.
A short-term pullback is expected between 147–148 USDT (max. 149 USDT) – there might be small overshoots, so don't set stop-loss too tight.
RSI is currently overextended, sitting around 75, which indicates the market is heavily overbought.
The MACD is also showing a potential reversal point, further supporting the idea of an upcoming correction.
Overall, we are in a very overbought market, and signs of a reversal are building up. I'll be watching closely to see if the market is still acting bearish – stay sharp and trade safely! 🚀
ANTM Elliott Wave CountQ4 2024 is set to be very shiny for ANTM. Gold sales for Q4 only equals to 15 tons, meanwhile the first 9 months of 2024 amounts to only 28 tons. Additionally, nickel sales also jumped in the fourth quarter.
Chart-wise, ANTM just finished its fourth wave yesterday, quite a steep drop. Volume during was really good from the first until the third wave, and it dried up on this current fourth wave.
The target for ANTM is about 1750-1765.
S&P 500 Setting Up for a Breakout – But Not Before One More TrapAs I’ve said before, the FOREXCOM:SPX500 is a key reference for my crypto trading . That’s why I sat down and took a closer look at the chart – and I’m now ready to place a limit order , based on what I’m seeing.
I believe we’re still in a correction phase , and it’s far from over . However, I think it’s realistic that we’ll see a move toward $5,832 next week . Before that happens, I expect either today’s Monday Low or next week’s Previous Weekly Low to get swept, ideally triggering a dip into the 12-hour Fair Value Gap just below.
That’s where I see my entry zone forming. It’s also the exact area where Wave B overshoots the starting point of Wave ABC, making it a clean Flat correction pattern, with Wave C completing to the downside before we get a solid move upward.
I’m setting my stop-loss below the $5,500 low. If this setup plays out, I expect the S&P to push toward $5,832 , and after that, I’m anticipating a larger correction that could take the index back down to $5,500 or even $5,450 over the coming weeks.
Timing remains unclear for that move after, but the structure is here , and I’m looking forward to seeing how it plays out.
GOOGL: Bullish Bounce Before a Bigger Drop? Here's My RoadmapGoogle NASDAQ:GOOG NASDAQ:GOOGL is shaping up to look bullish in the short term, and I believe that in the next few weeks to months, we could see a solid upside move - before things could turn ugly again later on. Let me explain why.
Big picture: we’re currently in a Wave (2) corrective structure, which is playing out as a complex WXY correction (marked in orange). This type of correction follows a 3-3-3 wave pattern, and everything we’ve seen so far fits that structure. Since the top in February, NASDAQ:GOOGL has dropped around 24% , which is significant - but also not unexpected within this context.
What’s interesting now is that we’ve just printed a bullish divergence on the RSI for the first time in this move down. That’s the first green flag. The second? The lower wick, which I currently mark as sub-wave ((a)) has been very well respected so far. That’s the second sign that this could be the turning point - at least temporarily.
I’m expecting a move up in the coming weeks toward the 2024 VAH, around $178, where we could see a first rejection. From there, the price should continue higher in a 3-wave structure toward Wave ((b)), likely reaching between $187.80 and $196.30 (the 61.8% to 78.6% retracement zone).
But let’s be clear: this is not the start of a new bullish trend. After Wave ((b)), I expect a 5-wave move to the downside, completing Wave ((c)) - and that means lower prices ahead , potentially in Q3, Q4 2025 or even into 2026.
Until then, I’m keeping a close eye on this structure. As long as the current Wave ((a)) low holds, this short-term bullish scenario remains valid. If we get a strong breakout in the coming days / weeks, I’ll be looking to enter on a retest, targeting that $187.80–$196.28 zone.
Let’s see if the market plays it my way.
Make sure to follow me for future updates on this scenario and other setups !
Nasdaq short: Hit Previous High and 2 Fib Ext TargetsAs explained in the video, I have 3 hits that suggests that we have hit the peak for Nasdaq:
1. Hit previous high made on 20th March 2025.
2. Fibonacci Extension where wave 5 = 1.618x Wave 1.
3. Entire wave e = 2.618x Wave 1.
Important here is the stop loss of around 19978. This is a positional play, meaning to ride this position if it goes in our favor.
Good luck!
AMD UpdateThose of you that follow my AMD posts, you know that price came into my 1.382 target area @ $95.16 almost two weeks ago. Since then, I have been stating that I would prefer to see another low down to the $85-$87 area, but it is not required for the pattern to be complete. This move off of the 11 March bottom looks like a sloppy 5-wave move. If you know me, you know I instantly start to think of a corrective pattern as impulsive waves are normally decisive and leave little to the imagination.
That being said, a corrective pattern could be pointing to the initial a wave of intermediate (B), or it could be the last wave 4 of c of C of (A). Wave (B) would be pointing to the $160-$190 area, whereas the latter would be pointing to another drop in the $85-$87 range. MACD looks like it needs to drop and RSI shows AMD is overbought. These technicals point lower, but you should be asking yourself: how low? I still plan on buying in if price can make it down to the 1.618. If it doesn't make it to this area, I will remain on the sidelines until I can get a better entry point. Hopefully we can get some more clarity this week.
HSI Short: Break of TrendlineIn my 18th March 2025 idea on Hang Seng Index, I said that an ending diagonal has formed for HSI and to prepare to short (linked in this idea). I also reiterate that it will be a sharp move down because that's what proceeds from an ending diagonal.
Hang Seng Index had falled almost 1400 points since then. So what now?
I believe that it is still a short because technically, it has broken a trendline. If you still have short position, you can adjust your stop loss just above the trendline. But if you have no position and is waiting to enter, my recommendation is to scale in your shorts, but definitely short it if and when price moves up to the trendline because support should turn into resistance.
Good luck!
XAU/USD H4 AnalysisGold well and truly smashed through the $3000 barrier this week, peaking at around $3057 per troy ounce.
Looking at the 4 hour chart, we may see one more impulse of buying after the current corrective move. This correction may head towards the 38.2%/50%/or 61.8% Fib retracement levels (if you use them in your trading).
If we do see another bullish impulse then the -27% Fib extension level could be a target.
Levels in LINK: Breakdown or Breakout?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
### **Technical Overview**
- **Current Price**: $14.35 (approx.)
- **Trend Structure**: Elliott Wave count suggests Wave 3 has wrapped up. Wave 4 and 5 are likely next.
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### **Key Observations**
- **Impulse Invalidation Level**: $19.190
→ A break above this invalidates the current bearish impulse.
- **Bullish Barriers**:
- *Minor Resistance*: $15.002
- *Major Resistance*: $17.677
These are the key spots bulls need to reclaim to regain control.
- **Crucial Support**: $12.426
→ If this breaks, expect more downside—likely toward the final Wave 5 zone.
- **Bearish Target**: $9.283
→ Probable landing spot for Wave 5 (of C). Could shape up as a longer-term accumulation zone.
---
### **Elliott Wave Context**
- A possible running or expanded flat scenario is in play, with Wave (B) topping around the 1.382 extension.
- Wave 3 appears to have completed near the 1.618 extension, a textbook zone for this kind of move.
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### **Potential Scenarios**
1. **Bullish Reversal Case**:
- Price reclaims $15.00 and ideally $17.677.
- The bearish count falls apart.
2. **Bearish Continuation Case**:
- Price stalls under resistance.
- A break of $12.426 sets the stage for continuation down to $9.283.
3. **Neutral Scenario**:
- Choppy consolidation between $12.5–$15 while the market sorts itself out.
---
### **Strategic Considerations**
- **Short-term Bulls**: Watch $15–$17.6. Any strong reclaim could offer clean long setups.
- **Bears & Shorts**: Prime fade zone if price gets rejected near resistance.
- **Long-term Investors**: If we hit $9.283, that’s a potential loading zone for the next cycle.
Trade safe, trade smart, trade clarity.
EURUSD potential Bullish continuation Price is currently on bullish cycle. Now on 4th wave which have unveiled as an expanding flat. Given the guideline of alteration we should expect this 4h wave to be completed or to push lower to 38.2% where we expect price to find support before continuing up. Lets look for confirmation for long bias.