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Elliott Wave

Gold Roadmap=>Short termGold ( OANDA:XAUUSD ) currently appears to have broken through the Resistance zone($3,350-$3,325) . The Resistance zone($3,350-$3,325) was broken with the help of the Descending Broadening Wedge Pattern , the upper line of this classic pattern having served as an important resistance line for us in previous ideas . In terms of Elliott wave theory , Gold has completed the Double Three Correction(WXY) within the Descending Broadening Wedge Pattern . It is currently completing the next five impulse waves . Wave 5 of these waves could end in the Potential Reversal Zone(PRZ) . I expect Gold to rise to the Potential Reversal Zone(PRZ) , and of course, given the momentum of gold approaching PRZ , we can also look for Short positions in PRZ . Note: Stop Loss (SL) = $3,329 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:XAUUSDLong
by pejman_zwin
17
NIFTY50.....Are you crazy?Hello Traders, with an "over-night" delay (for which I apologize), here is a brand-new analysis for NIFTY50! The N50 has dropped, 'caused by the announced Tariffs for the "BRICS" countries. The "Orange-man" who took residential at Pennsylvania Avenue at DC announced again tariffs at a record high for the BRICS-countries! Anyway! One step forward, one step back! This is clown's business! The chart analysis: N50 dropped to a low @ 25001.95 this morning. Here, a buy-signal occurred that would be activated @ 25109 points. Stop-loss must be set @25100! The multi-week target, I have announced some weeks ago, are still valid. While price break below the rising trend-line, connecting the high @25116 and 25222 a first target would be exactly at the level of 25350 (+/-) depending on when and if it will be touched! In fact, the wave pattern could be also a wave 2, difficult to count, but still possible. It needs a decline below 23246 points to eliminate this count! While markets are unpredictable, 'caused by the US tariffs politics, it is very difficult to forecast the moves. Probably one got argument would be, to pause the trading and wait til markets get less volatile. That's it for today. Have a great week..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
GBPUSD → Correction amid a global bullish trend...FX:GBPUSD is testing the 1.345 - 1.35 area as part of a correction. The price is closing the imbalance zone and testing support, which may trigger a reaction. Further developments will largely depend on the dollar, which is testing resistance. The daily market structure is quite strong. The correction against the backdrop of a strong trend is within acceptable limits, and bulls should fight to keep the price away from risk zones. GBPUSD, as part of the correction, closes the imbalance zone of 1.34 - 1.35 (0.7 - 0.79f) and forms a false breakdown of the intermediate support level of 1.3476. If buyers hold their ground in the 1.347-1.35 zone, the currency pair will be able to return to the global trend. Support levels: 1.3476, 1.345, 1.3382 Resistance levels: 1.3511, 1.359, 1.375 Price consolidation above 1.349 - 1.350 will confirm the market's intentions. In this case, we can expect growth to 1.36 - 1.374. Best regards, R. Linda!
Long
by RLinda
14
XAUUSD - POSSIBLE BIG LONG MIDTERM TRADESAXO:XAUUSD XAUUSD - POSSIBLE BIG LONG MIDTERM TRADE📈 XAUUSD has gone the half of my take profit, so I decided to close 1/2 of my position here and put my stop loss at an entry price. Still, we have good chance to go towards upper border of the triangle, just want to reduce the risk. XAUUSD has been trading sideways and has formed a Triangle pattern since April 23d. Looks like the price found a balance between supply and demand. Currently the price is sitting on a lower border of a triangle and potentially is forming the Wave D, according to Elliot Triangle Wave formation. Trade cautiously!
FX:XAUUSDLong
by ProfessorSingapore
BITCOIN → Stopping after the rally? What next? 125K or 110K?BINANCE:BTCUSDT rose and updated its historical maximum to a new record of 118K with “kopecks” (different prices on different exchanges). Now the price has supposedly stopped and entered a consolidation phase, but it is too early to draw any conclusions based on this alone... Fundamentally, Bitcoin rose following the SP500 and NQ100 indices. The reasons are clearly geopolitical. The correlation level is not high, but the flagship is following the stock indices, which are also updating their historical highs. Technically, Bitcoin has emerged from a two-month consolidation and entered a realization phase. So what's next? Continuation of the phase or correction? Let's take a look. On the daily chart, I would highlight two zones. The risk and sell zone is below 117,500. If the price closes below this zone today/tomorrow, we will most likely be able to look for signals for a possible correction. As part of the correction, we can expect a decline to 115,500, 114,300, or even to the old ATH of 112K. The second zone is the buying zone. A closing price above 118,400–118,900 and consolidation with the gradual formation of a breakout of structure may hint at a possible continuation of growth toward psychological targets. Resistance levels: 118,400, 118900 Support levels: 117100, 116700, 115500 In the chart above, I have highlighted the situations, levels, and zones that interest me more precisely. Now I am waiting for Bitcoin to retest resistance or support and confirm certain levels, based on which decisions can be made. I think that in the near future, Bitcoin will show us where it is headed. Updates will be published as something interesting emerges... Best regards, R. Linda!
Long
by RLinda
52
#Banknifty directions and levels for July 14th:Current View: Structurally, there has been strong selling pressure. So, if the market consolidates or breaks the support with a solid candle, we can expect the correction to continue. Alternate View: On the other hand, if the market finds support near the immediate support level or if the initial move takes a pullback, we can expect a maximum 38% to 50% pullback in the minor swing. Even if that happens, the trend may still remain bearish in the lower time frame. So, if the market starts to reject around the 38% Fibonacci level on the upside, we can expect the downtrend to resume. In simple terms, if a pullback occurs, we may see a range-bound market.
NSE:BANKNIFTY
by Manickamtraders
#Nifty directions and levels for July 14th:Good morning, Friends! 🌞 Here are the market directions and levels for July 14th: The global market continues to maintain a moderately bearish sentiment, and our local market is also reflecting the same tone. So, what can we expect today? Current View: Structurally, there has been strong selling pressure. So, if the market consolidates or breaks the support with a solid candle, we can expect the correction to continue. Alternate View: On the other hand, if the market finds support near the immediate support level or if the initial move takes a pullback, we can expect a maximum 38% to 50% pullback in the minor swing. Even if that happens, the trend may still remain bearish in the lower time frame. So, if the market starts to reject around the 38% Fibonacci level on the upside, we can expect the downtrend to resume. In simple terms, if a pullback occurs, we may see a range-bound market.
NSE:NIFTY
by Manickamtraders
2
Multiple Nested Wave 3s on Arbitrum! Super Bullish!!🧙‍♂️I have an Elliott Wave count to share with you showing a super bullish Triple 1,2 in the 3rd wave of the Red impulse playing out. Meanwhile, we are currently in the third wave of the 5th wave of the Blue impulse, which contains in itself more nested waves in the form of a triple 1,2. Chart is shown on the 15 min TF, but I included a pic for viewing the LTF subwaves on the 3 min TF. Not financial advice as I am still a student of the wave principle. Happy trading! 🌊🏄‍♂️
Long
by Fractical
2
PENGU still has room!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! The move off the low looked like a clean, completed impulse—sharp, decisive, and well-structured. After that, we got a double zigzag retracement. It ran a bit deeper than the textbook version, but still landed right in the normal range you’d expect for a healthy correction. From there, we saw another smaller-degree impulse form off the .007 pivot, suggesting bullish momentum was building again. Since the last update, PENGU has come a long way—more than doubling in price and now hovering around a most likely target for a wave 3. What’s notable is how it got there: not just by breaking above the 0.017 resistance, but by blowing through multiple base channels on solid momentum and healthy volume. We didn’t get the ideal depth for a retrace for a wave 2 before that breakout, but that doesn’t disqualify the larger count. In fact, from an Elliott Wave perspective, I still believe we haven’t seen a proper wave 4 to balance out the earlier wave (2). So I’m holding off on calling a top to this wave 3 just yet. Here’s what we’re watching closely now: The secondary impulse off .007 continues to build structure Ideally, the next pullback holds above the 0.027 or .022 region, signaling respect for previous support and AOIs That pullback needs to unfold correctively, not impulsively, to confirm bullish continuation The next trade setup I’m eyeing is that wave 4 into wave 5 move. I’ll be stalking this ticker closely as structure unfolds. Trade safe. Trade clarity.
Long
by CryptoKnee
3
Bitcoin Roadmap=>End of RallyBitcoin ( BINANCE:BTCUSDT ) has gained nearly +10% in the recent weekly candle so far. The question is where this rally could end up. So to get to that zone, let’s go to the weekly timeframe . Before we start this analysis, let’s take a look at my last analysis on the weekly timeframe , which was well into the Potential Reversal Zone(PRZ) . ( Analysis time: 9 JUN 2025 ) Bitcoin has now entered the Potential Reversal Zone(PRZ) and Time Reversal Zone(TRZ=June 23 to August 4) , and these zones could be the zones where this Bitcoin rally will end. Do you agree with me? In terms of Elliott Wave theory , Bitcoin appears to be completing a main wave 5 , as the main wave 3 was an extended wave . The main wave 5 could end at the Potential Reversal Zone(PRZ) . I expect Bitcoin to start a main correction from the Potential Reversal Zone(PRZ) and could continue to support lines and near the $105(at least) . What do you think about the end of the Bitcoin rally? Note: Sell ​​orders near $120,000 are very heavy. Note: Cumulative Long Liquidation Leverage attractive volume for liquidation. Note: If Bitcoin goes above $130,000, it can continue to rise to the Resistance lines (near $150,000). Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), weekly 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 and updates; 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.
Short
by pejman_zwin
58
PENGU = ETF Catalyst + Whale Accumulation = +30% More Upside?Today, on the weekend, I want to analyze the Pudgy Penguins project with the PENGU ( BINANCE:PENGUUSDT ) token from a fundamental and technical perspective . Please stay with me. Why did PENGU surge nearly 40% in just 48 hours? Here’s what’s driving it: ------------------------------------------ Fundamental Analysis: 1. ETF Momentum via Cboe: On June 26, Cboe officially filed a 19b-4 form for a new ETF that includes Pudgy Penguins and PENGU as major components. Although not yet approved, this single move has fueled strong institutional anticipation, similar to what happened with Bitcoin ETFs in early 2023. The market often prices in future narratives — and this ETF storyline has been a powerful one. 2.Whale Accumulation Signals According to Nansen data, large holders have increased their balances by 11.37%, and notable wallets linked to public figures by 7% over the last 30 days. Such coordinated accumulation often precedes major price moves, and that pattern seems to be repeating here. 3.NFT Ecosystem Boost The Pudgy Penguins NFT collection saw a 400%+ surge in sales volume. This sharp increase in NFT activity has reignited attention toward the broader Pudgy ecosystem, which naturally benefits its native token, PENGU. Risk Note: The ETF is not yet approved — we're still in the hype phase. Volatility remains high, and strong pullbacks are common in low-liquidity tokens like PENGU. If whale activity continues and institutional narratives grow, the upside potential remains — but so does the downside risk. ------------------------------------------ PENGU token started to rise from the Support zone($0.01-$0.0076) . One of the signs of a continuation of the uptrend was the break of the upper line of the descending channel . Educational Note: One of the price targets after a channel break can be as wide as the width of the broken channel. In terms of Elliott Wave theory , it seems that the PENGU token has completed the Double Three Correction(WXY) , and we can wait for the next impulsive waves . I expect the PENGU token to attack the Resistance zone($0.0128-$0.0118) again, and if this zone is broken , it can increase to at least $0.0137(+30%) . What is your idea about the Pudgy Penguins project? Note: If the PENGU token drops below $0.01, we can expect a break of the Support zone($0.01-$0.0076). Please respect each other's ideas and express them politely if you agree or disagree. Pudgy Penguins Analyze (PENGUUSDT), 4-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 and updates; 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.
Long
by pejman_zwin
17
Bitcoin Long: Expects New High; Target 124,632Over in this video, I update on the Elliott Wave counts for Bitcoin and explain why I think that Bitcoin is going higher for a wave 5 of 3 of 5. The stop loss will be below the wave 4 and given some leeway, will be around 115,900. There are 2 Take profit targets: 1. 119,251, and 2. 124,632 I made it known that my personal preference is $124,632 but note that once a new high is made, this wave counts will already be validated even if it then drops to our stop. I talk about the possibility of trailing the stop once a new high is reached but commented that every trader must trade based on their own style and risk preference. Finally, Good luck in your trading!
BINANCE:BTCUSDLong
by yuchaosng
Are we on Super Bullish Express Highway ? Elliott Waves RoadmapHello friends, Welcome to RK_Chaarts Today we're attempting to analyze Bitcoin's chart, specifically the BTCUSD chart, from an Elliott Wave perspective. Looking at the monthly timeframe chart, which spans the entire lifetime of Bitcoin's data since 2011, we can see the overall structure. According to Elliott Wave theory, it appears that a large Super Cycle degree Wave (I) has completed, followed by a correction in the form of Super Cycle degree Wave (II), marked in blue. Now, friends, it's possible that we're unfolding Super Cycle degree Wave (III), which should have five sub-divisions - in red I, II, III, IV, & V. We can see that we've completed red I & II, and red III has just started. If the low we marked in red II doesn't get breached on the lower side, it can be considered our invalidation level. Next, within red III, we should see five primary degree sub-divisions in black - ((1)), ((2)), ((3)), ((4)) & ((5)). We can see that we've completed black ((1)) & ((2)) and black ((3)) has just started. Within black ((3)), we should see five intermediate degree sub-divisions in blue - (1) to (5). Blue (1) has just started, and within blue one, we've already seen red 1 & 2 completed, and red 3 is in progress. So, we're currently in a super bullish scenario, a third of a third of a third. Yes, the chart looks extremely bullish. We won't commit to any targets here as this is for educational purposes only. The analysis suggests potential targets could be very high, above $150,000 or $200,000, if the invalidation level of $98,240 isn't breached. But again, friends, this video is shared for educational purposes only. Many people think that the market doesn't move according to Elliott Waves. But friends, here we've tried to analyze from the monthly time frame to the overly time frame. We've definitely aligned the multi-time frame and also aligned it with the principal rules of Elliott Waves, without violating any of its rules. I agree that the Elliott Wave theory can be a bit difficult, and for those who don't practice it deeply, it can be challenging. But yes, the market moves according to this methodology, following this pattern. This is a significant achievement. 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_Chaarts 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_Chaarts 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.
BITSTAMP:BTCUSDLong
by RK_Chaarts
12