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Elliott Wave

Long-Term Buy On The AussieThe most straightforward interpretation is that the down move that started back in February 2021 (red rectangle) was a correction of the previous rally (green rectangle) and ended at 0.5914. If this is correct, then we are in the early stages of a large upward move on the Aussie in the long-term that should reach at least the previous highs of 2021. This view will be in jeopardy if we break back below the previously mentioned support and will be completely negated on a break of the 2020 lows at 0.5510.
Long
by tchamoun
2
HSI may gap down tomorrowPrice Action Recap (Last 4 Trading Days): Day 1 (8/5 Thu): High volatility Day 2 (9/5 Fri): Inside bar — consolidation Day 3 (12/5 Mon): Gapped up post-15:00 on tariff news Day 4 (13/5 Tue): Failed to follow through → another inside bar 🧯 Volatility is now at recent lows, and today's price action lacked direction. 📊 Despite still trading above MA10 and MA58, the short-term momentum seems to be fading. My View: We're potentially in a short-term reinforcement or minor retracement phase. Some wave-based projections see HSI in the 2nd wave of an irregular flat (335), aiming for 24,800+, but I'm sceptical due to weak local fundamentals and earnings outlook. 📌 Watch for tomorrow’s open — a gap down would confirm short-term weakness.
TVC:HSIShort
by Wong0000
4
S&P500 Short: Update on wave counts, Completion of WXYThis is my 3rd attempt to call the correction peak for S&P500 or Nasdaq (I use them interchangeably). From the previous short idea using Nasdaq, I mentioned that the reason for the invalidation of the previous idea is due to the last wave 5 of C of Y to extend into a 5-wave structure. Over here, the short position will be stopped out if a new high above wave Y is hit. I offered 2 conservative targets in this short idea and suggests that one can reduce position and shift stop loss when the first conservative target is reached. I also mention that if this WXY wave structure is the correct call, then the big picture is really that S&P500 will crash below 4800. Good luck!
OANDA:SPX500USDShort
by yuchaosng
Meta UpdateNot a whole lot to add to my Meta analysis. I have been calling for this move higher for about 3 weeks now. Today we finally found out what the catalyst was to spark the move higher. As I have said multiple times in the past, I don't really care so much about the why. The thing I care about is the where. Where will price go? Price came just shy of the 1.382 today and has enough waves in place to be considered complete. It also has created bearish divergence on MACD. These things don't mean a top is in by any means. They point to a top being in the works. I'm sure me saying this on the day META jumps almost $50 and 8% doesn't sit the best with some. To those people, I say, good luck. As always, you should trade your own convictions. Just remember, when price begins to head lower in the days / weeks to come, you heard it from me first.
NASDAQ:META
by TSuth
Bitcoin Elliott Wave: Impulse Pattern CompletedExecutive Summary Bitcoin rallied 40% over the past month. The rally appears to be a completed impulse pattern. A decline to $93,450 would be considered normal over the next few weeks. Completed Elliott Wave Impulse Pattern On Sunday, May 11, Bitcoin’s price appears to have completed a bullish Elliott Wave impulse pattern . There are a few scenarios to anticipate after a completed impulse. The majority of those scenarios point towards a complete retracement of the fifth wave of the impulse pattern. For Bitcoin, this implies a decline back to $93,450. Current Bitcoin Elliott Wave Count The rally that began on April 8 to May 11 appears to be a completed impulse pattern consisting of five waves. There is fairly strong wave geometry creating the impulse pattern. We can use our Fibonacci extension tool to measure out the length of wave (v) relative to wave (i). Wave (v) is equal to the length of wave (i) near 105k which is a common wave relationship when the third wave is extended. It appears that wave (v) topped out at 105,719, near the target zone. Once the impulse pattern completes, oftentimes, the entire fifth wave of the sequence is retraced. This implies a decline to the wave (iv) extreme at $93,450 is a high probability trend. Also, when we apply the Fibonacci retracement tool to the April 8 to May 11 uptrend, the 38% Fibonacci retracement level crosses right at the wave (iv) at $93,826. This is very common geometry within a bullish impulse pattern. Notice in the chart above how there is a support shelf of prices near the same $93k. This $93k zone will likely act like a magnet and attract prices. This does not mean you want to short the market in anticipation of falling prices. The bullish impulse pattern suggests the larger trend is still higher. Therefore, use the falling prices as a means to reload long positions at lower levels. Prices do not have to stop at $93k. It is possible that a decline could dig deeper to GETTEX:87K and that would be considered normal after a completed impulse pattern. A print below the 78.6% Fibonacci retracement level will be an early warning signal that another pattern is developing. Bottom Line Bitcoin appears to have completed a bullish impulse rally from April 8 to May 11. A decline to $93,450 would be considered normal within a larger uptrend. The decline could dig deeper to $87k. Once the decline ends, we’re anticipating a new rally to develop to new all-time highs. If Bitcoin drops below $81k then we’ll consider a different pattern is in development and we’ll need to reassess the wave count.
INDEX:BTCUSD
by JWagnerFXTrader
Netflix is going to fall sharply soonNetflix is in the huge 5th wave extension. I expect it to complete wave (v) of 5 very soon, probably within the next week. RSI divergence on 3-days, weekly frames is quite visible and supports the upcoming trend reversal. When wave 5 is extended, retracement typically goes to the bottom of wave (ii) of this 5th wave. This would mean 1180-1195 USD to end the wave 5. Also, at this price wave 5 will be 2.168 times bigger than waves 1 and 3 together.
NASDAQ:NFLX
by evgenii_tr_tech
5
SOL Hits Major Resistance — Patience Over FOMOOne of the most common mistakes traders make—especially in fast-moving markets—is jumping into trades impulsively at major resistance. It feels exciting when price is surging, but ironically, this is often where risk is highest and reward is most limited. Why? Because historical resistance zones—like the $175–$183 region on SOL—tend to attract heavy sell pressure. These are levels where many past buyers look to exit, where smart money hunts liquidity, and where false breakouts are most common. Without volume confirmation and a proper retest, breakouts through such zones often fail. That’s why experienced traders wait. The smarter approach is to let the market come to you, and only act when one of two things happens: A pullback into a well-defined, confluence-rich support zone A clean breakout above resistance, followed by a retest and confirmation SOL has respected structure beautifully, but now is not the time to chase. Either wait for a healthy correction into support, or let price prove its strength through a confirmed breakout. No trade is also a trade — and capital preservation is the foundation of long-term success. Patience isn’t passive — it’s a strategy. Let the market come to your desired levels. You don't need to catch every move, only the high-probability trades and there aren’t born from impulse — they’re built on patience, structure, and right timing. 💎 Technical Breakdown SOL has entered a major resistance zone between $175 and $183 — a historically significant level respected for over a year. Within this zone lie two key highs: $179.85: Recently swept with a clean Swing Failure Pattern (SFP) $180.52: Still untested — if broken, it would confirm a strong bullish continuation Breaking through such a well-established resistance on the first attempt is uncommon — it typically requires momentum and structure. A rejection here would suggest that SOL needs a healthy correction before mustering the strength for a true breakout. 📉 Elliott Wave Count Looking at the structure, we’ve completed a 5-wave sequence — signaling the potential end of this impulse leg. According to Elliott Wave Theory, a corrective phase is now expected before continuation. 📐 Additional Confluence: Fib Speed Fan The 0.618 Fib Speed Fan — drawn from the all-time high at $295.83 to the swing low at $95.26 — aligns perfectly with this resistance zone, adding more weight to the idea of a potential rejection or pause. 🟢 Long Setup: The Next High-Probability Entry Zone We now shift our focus to where the next long opportunity could arise. Here’s the technical confluence: Anchored VWAP from the recent low at $141.41 sits at $164.70 4H bullish order block around $164.46 0.382 Fib retracement of the full 5-wave impulse: $165.42 0.412 Fib retracement: $164.25 All these levels converge in a tight band, providing a solid long entry zone between: Long Entry Zone: $165.50 to $164.25 Stop-Loss: Below $160 (to protect against any deep wick) Targets: TP1: $171.75 (Point of Control from the range) TP2: $180.00 (resistance retest) TP3: $200.00 (psychological level) Estimated R:R: ~6:1 — High-conviction setup Bonus: If price returns to this $165 zone within 24 hours, it will also be supported by the 0.618 Speed Fan — adding one more layer of support. 🔴 Short Setup: Reversal Play at $200 For those watching from the sidelines or looking to fade the rally, the psychological level at $200 presents a strong short opportunity — but only on confirmation (e.g., SFP or bearish engulfing). Short Entry: On rejection at $200 Stop-Loss: $206.10 Target: $187.00 Estimated R:R: ~2:1 🧠 Summary: Completed 5-wave structure → potential correction phase underway Strong resistance at $175–$183 with SFP and speed fan alignment High-probability long setup at $165.5–$164.25 with multi-layered confluence Potential short at $200 on confirmation ⚠️ Key Takeaway: Don’t Chase the Highs This is where many traders slip — FOMOing into trades at major resistance. Please, don’t do it. Instead, wait for: A pullback into well-defined support (like the $165 zone), or A clean breakout above $180, followed by a confirmed retest ____________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
Short
by SiDec
24
NIFTY 50 - Multi-Timeframe Elliott Wave Analysis🧠 Chart Summary & Multi-Timeframe Elliott Wave Analysis 🔹 Chart 1 (Left – Weekly View): Nifty completed an A-B-C corrective structure, where wave B has peaked. We now expect a long-term impulsive C wave downward, targeting below wave A’s low (~22,000). 🔹 Chart 2 (Middle – Daily Zoomed View): This zoom-in decodes wave B as its own internal A-B-C structure, now seemingly completed. This implies that the recent rally was corrective and has likely ended. 🔹 Chart 3 (Right – 1 Hour View): Here, we see the microstructure of wave C, forming a clear 5-wave impulsive pattern. Currently, Nifty appears to be topping out at wave 5, with weakening momentum. 🚨 Bearish Outlook Ahead: Top formation expected at current levels, possibly with a double top or rising wedge. Breakdown of local trendline or support will confirm the start of macro C wave. Projected Target Zone: Below 22,000 (end of Wave A from Weekly Chart). Watch for reversal candles + divergence confirmation for early entry. ⚠️ What to Watch: 1. Reversal patterns at the current resistance. 2. Breakdown confirmation on lower timeframes. 3. Manage stop losses strictly above recent swing highs. Disclaimer: This is a technical analysis-based view meant for educational purposes only. Please consult your financial advisor before taking any trading decision. Risk management is crucial — trade responsibly.
NSE:NIFTYShort
by shiva560060
Gold Bounces After Fake Break — More Upside AheadGold ( OANDA:XAUUSD ) fell to the Support zone($3,280-$3,240) as I posted yesterday ( Full Target) . Gold started to rise again after making a Fake Break below the Support lines . Gold is trading above the Resistance zone($3,330-$3,320) . In terms of Elliott Wave theory , it seems that Bitcoin completed the main wave C with the help of the Ending Diagonal . Educational note : The Ending Diagonal in Classic Technical Analysis is the Falling Wedge Pattern . I expect Gold to resume its bullish trend, at least for the short term , and to at least $3,356 . Note: If Gold breaks the Support lines with high volume, we can expect further declines. Note: Worst Stop Loss(SL) = $3,031 Gold Analyze ( XAUUSD ), 15-minute 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:XAUUSDLong
by pejman_zwin
9