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Elliott Wave

Link Update (4H) Correction Has StartedIn my previous analysis, I presented two different perspectives on LINK. On lower timeframes, LINK completed its 5-wave impulsive structure, but in doing so, it invalidated the macro reversed Head and Shoulders pattern—rendering it no longer valid. Currently, LINK has entered a classic A-B-C corrective phase, signaling temporary market weakness. If the price drops below the key S&R zone (highlighted in pink), I expect a swift move down towards the $13.45 level. This target coincides with a well-defined demand zone, adding further confluence to the short thesis. 📉 Outlook: Favorable for short positions upon confirmation of breakdown. — Thanks for reading.
Short
by vs_sayin
My Thoughts #012The pair is in a bearish trend on the weekly time In the bearish trend the pair seems to be making a LH Meaning we are currently moving up and currently on the lower time frame we are in bullish trend. The pair still has equal highs open on the weekly time frame. It further sweeped equal lows on the daily time to fuel for the next move up. The pair broke out, retested and after that it's been trying to gain more momentum for the upside. Sells could still happen just use proper risk management let's do the most
TVC:DXYLong
by Ramokaelo
GOLD → Retest support before news...FX:XAUUSD is in a correction phase amid a rising dollar. The price is heading towards the liquidity zone, which may support gold. Markets are awaiting PCE data... Gold is back in the red: PCE inflation and tariff news will decide everything. On Friday morning, gold fell, retreating from its recent rebound from weekly lows of around $3245. The price is under pressure from the strengthening US dollar, which was supported by court rulings on Trump's tariffs, but the situation around tariffs remains tense on all sides... The focus is on PCE inflation data. A weaker result could weaken the dollar and support gold. Traders remain cautious in anticipation of volatility. Support levels: 3282, 3270, 3260 Resistance levels: 3325 A retest of 3282-3270 could end in a false breakdown, but only if the fundamental backdrop is against the dollar, which would only support the price of gold. The price is most likely to be stopped by trend support, but no one can rule out the fundamental factor of surprise... As a target, during a bullish impulse, it is worth considering intermediate highs... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
8
AUDCAD → Support retest. False breakdown?FX:AUDCAD is within the range. The price is heading towards support within the local distribution. There may not be enough potential for a breakdown of support... Against the backdrop of the strengthening Canadian dollar, the currency pair is ready to test consolidation support. The price has no clear trend, consolidation is forming in the range of 0.891 - 0.885. The price is heading towards support, there is no pre-breakout base, the level is quite strong and the distribution may end with a false breakdown and a rebound... Support levels: 0.8858 Resistance levels: 0.8878, 0.8897 Below the level of 0.8858, there is a fairly large liquidity reserve, and there is no global trend, which means a neutral situation. Retesting the support zone after a sharp decline may end in a false maneuver and growth. Best regards, R. Linda!
Long
by RLinda
4
CRV is Getting Ready For a Skyrocket Move (1D)CRV has formed a Cup & Handle pattern — a well-known structure that typically signals a bullish reversal. From a broader technical perspective, there's additional confluence suggesting a potential trend shift. If the most recent dip holds, it may confirm that CRV has completed its bearish cycle and has now entered a new five-wave bullish structure. Based on the current price action, it's likely that wave 3 is unfolding at the moment. Interestingly, the depth of the Cup & Handle formation aligns well with typical wave 5 targets, offering additional validation for this setup. In this scenario, the wave 3 target sits around $0.78, which also coincides with a previously untapped order block — adding further credibility to the level. For a longer-term outlook, wave 5 could extend above the $1.00 mark, depending on market conditions and overall momentum. Moreover, the Ichimoku Cloud is currently reflecting a bullish bias, with price action moving above the cloud and supportive Tenkan-Kijun alignment — reinforcing the overall bullish outlook. Achieving this target may take time — but as we all know, in crypto, time often behaves differently. — Thanks for reading.
Long
by vs_sayin
Dollar At Resistance; Will Lower CPI Cause New Drop? We had a volatile start of a new trading week. The dollar moved higher across the board as the US and China appear to be moving toward lowering tariffs, suggesting progress toward a potential trade deal. As a result, stock futures are also trading to the upside. However, keep in mind that sharp moves on Monday can easily be reversed through the rest of the week, possibly even today, after US CPI came out lower than expected, which can cause some weakness on yeilds, and possibly FED will be ready to cut rates after-all. So, I think that USD can still come under pressure, especially if we also consider that rise on DXY is in three legs and that a lot fo gaps from this weekend are still unfilled.
CAPITALCOM:DXY
by ew-forecast
USDJPY Faces An Intraday Corrective RecoveryUSDJPY Faces An Intraday Corrective Recovery after a bearish impulse, which can later send the price lower from technical and Elliott wave pespective. USDJPY is sharply bouncing after reaching May lows within the wedge pattern for wave »v« of an impulse, so it can be now trading in a higher degree abc correction, which can recover the price back to 145 – 146 resistance area before bears return. Basic bearish Elliott wave pattern shows that a five-wave impulsive decline indicates for more weakness after a corrective three-wave pause.
Short
by ew-forecast
USDJPY Shooting Star + Elliott Wave Spells TroubleUSDJPY bounced higher from a horizontal support shelf created from August - September 2024. The bounce is a second wave. The bearish shooting star candle on the daily chart spells reversal for USDJPY. The bearish wave count using Elliott Wave Theory as our guide as suggests deep cuts may be on the horizon for USDJPY. We are considering the next decline to be a third wave at multiple degrees of trend. Additionally, the trend lower would break the support shelf and eventually make it to 122 and possibly lower levels.
Short
by JWagnerFXTrader
GOLD → False breakdown and support from the falling DXYFX:XAUUSD , as part of a correction, confirms the upward trend line and returns to the consolidation (range), making a false breakdown of support amid the dollar's correction... The US dollar remains stable thanks to the Fed's hawkish minutes and the court's decision to block Trump's tariffs. Investors are waiting for Friday's inflation data (PCE), which could weaken the dollar and give gold a chance to rebound. Additional influence will come from US GDP data, jobless claims, and geopolitical news. On D1, gold is rebounding from strong support and heading towards resistance at the rising trend line. If economic risks remain high, gold could continue its rally despite conflicting bearish patterns... Resistance levels: 3300, 3310, 3325 Support levels: 3290, 3285, 3265 Gold is forming a false breakdown of support at 3265 as part of a correction and confirming the lower boundary of the upward channel. Consolidation above 3280 will confirm that bulls are holding the market amid high economic risks. Gold may test 3300-3310 and form a correction before continuing its growth towards 3325. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
13