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Elliott Wave

Gold Is Doing What Ever Gold Wants To DoPreviously I posted a reading where I said gold was to go a bit down before is went up. But Gold didn't go down, and went straight up. But it did go up right :D Right now I strongly believe gold is in a wxy correction. And I think will finish the y-wave i the green box area somewhere between 3,147 and 3,077, which is the 100-123% fib-level of the w-wave. The reason I believe this, is at that timewise the y-wave will here have taken as long as the w-wave, and I the price is heading for that cyan median line. And normally price will also go to the bottom and a bit below of the Kennedy line. Multiple factors are pointing to that level. When price hits that level, I believe we will see a 5th level to the upside where 4,000 definitely is in play. I will include a link to a higher degree reading, where you can see I believe gold has finished a third wave, so we still need a 5th wave to the upside.
COMEX:GC1!
by TheDane
EURJPY → Storming the resistance. Ready for the rallyFX:EURJPY is rising amid a stronger dollar and positive news about the de-escalation of the trade war. The currency pair is storming the resistance of the range. The currency pair is forming a retest of resistance. A breakout and consolidation above 164.19 - 164.50 could support the market amid the dollar's growth. The dollar is strengthening after positive news related to the de-escalation of the trade war. Against this backdrop, the Japanese yen is losing ground, which is generally affecting EURJPY. A move above the key level will confirm a breakout of the resistance of consolidation, which could trigger a distribution phase... Resistance levels: 164.19, 166.7 Support levels: 163.15, 162.38 The price has already entered the buying zone, meaning that resistance has been broken. All that remains is to wait for confirmation that the bulls are ready... Consolidation above 164.19 - 164.5 will confirm this, and in that case, we can expect distribution towards 166.7. Best regards, R. Linda!
Long
by RLinda
4
EURUSD - double scenario So I develop a strategy on 6E1! that I post to you. I identified a H&S that seems to have broken the neck with a bearish retest in the area of ​​1.14. Theoretically the daily left shoulder volumes are "decreasing" confirming a potential bearish H&S structure, furthermore we are under the POC bullish leg that was touched with the retest, the short scenario should be confirmed with the break of the micro support (under the retest candle) going to confirm a hypothesis of an ABC retracement of Elliott after an impulse with a target around 1.10, the POC area of ​​the previous accumulation phase. The long scenario instead is more attributable to a triangle pattern with volume compression, any overcoming of the POC and the first resistance area around 1.14 with the break of the descending line should confirm this scenario with a potential target in the upper POC area around 1.20... Thank you in advance for any contribution to this analysis.
CME:6E1!Short
by flyhorse
SAP: Macro PotentialPolitical uncertainty and questionable economic policies from the U.S. administration are eroding investor confidence globally, prompting a search for more reliable investment opportunities outside the U.S. Currently, the performance of European stock markets is outpacing that of the U.S. markets. For example, the ETF tracking major German stocks (ETF DAX) has been trading at historical highs for the second consecutive week, while U.S. markets have merely recovered from their initial tariff-related declines. One of the most promising medium-term investment ideas in the European equity market right now, in my opinion, is SAP ( XETR:SAP ) • Quarterly revenue and profit growth dynamics and forecasts • Relative price strength • Signs of accumulation by major funds The macro trend structure of SAP also shows interesting potential Weekly chart: Monthly chart: Thank you for your attention and I wish you successful trading decisions!
XETR:SAPLong
by artemfedorov
Zignaly: Basic Technical AnalysisIn January 2024 ZIGUSDT turns bullish and starts to move within a rising channel, higher highs and higher lows. In March 2025 this channel's lower boundary breaks for the first time and ZIGUSDT moves lower. This week, ZIGUSDT moves "back into the rising channel." When this happens, from a technical analysis perspective, we can expect the action to continue as before the breakdown. So we can expect a higher high next compared to early December 2024. The break of support between March and May this year can be considered a shakeout or stop-loss hunt event. Currently, Zignaly has been green five consecutive weeks. This is the first time this happens and is happening with low volume. A recovery above support on low volume means that there is no sellers pressure. No sellers pressure lend additional strength to the assumption that ZIGUSDT can continue to grow in the coming weeks and months. Of course, if the action were to move back below the blue trendline these signals would be invalidated. As long as the action is happening above, we can expect the continuation of the initial bullish trend. Namaste.
Long
by MasterAnanda
SUI Cup & Handle formation!!!Consider the following narative, what currently looks like the completion of wave 5 after hitting $4.27 and now retracing to around $4.00, is actually a short pause or consolidation within a larger wave 5. In Elliott Wave theory, waves occur in fractals, meaning: A smaller 5-wave move (e.g., on a 1H chart) can be part of a larger Wave 3 or 5 on a higher timeframe (e.g., daily). What looks like the “end” of Wave 5 may actually be the end of only a minor subwave within a much larger Wave 5. Shown here is the 12 hour time frame and the Y-axis of the chart is set to logrithmic. There is a cup and handle formation forming, and the current price range of $4.00 to $4.27 is actually the little pause... just like there was a little pause in the middle of wave 3. This means we likely have more runnway to move further up to surpase $5.00. On Monday morning the 12th of May, when the CME opens, and everyone's short on ETH gets liquidated there will be a huge jolt to the market. Also... if certain members of the U.S. political narative get their act together and pass the stable bill reform on Monday, the crypto market will be doing a happy dance. HOWEVER... if we fail to hold $3.90, then the move down will likely be near the $3.50 range that many people are predicting and that will be the handle of a larger cup & handle. If we hold above $3.90 then the bottom of wave 4 was the handle.
Long
by TheCoinCowboy
1
Chintai: Basic Chart PatternsThe first pattern (green) is an ascending channel which envelops an uptrend, rising prices. Higher highs and higher lows. Also, a perfect 1,2,3,4,5 sequence, a bullish impulse. In-between the rising channel there is a period of consolidation, producing a bull flag (blue). The bull flag is a bullish continuation pattern, so prices continue rising. The end of this uptrend starts an ABC correction (red) and within this correction we have also a double-top (red). Notice that the double-top doesn't necessarily have to be at the same resistance level but only close to be valid. Wave A starts 17-December 2024 and ends 13-Jan. 2025. Wave B starts where wave A ends, and ends 4-Feb. 2025. Wave C starts 4-Feb. and ends either on the "left shoulder" of the next pattern or the "head." 10-March or 7-April. We take 7-April to be the end of wave C and the classic ABC correction. Even before the correction ends, early reversal signals start the next pattern which ended up as an inverted head and shoulders (orange). The neckline of the iH&S has already been broken giving us a strong bullish signal. This breakout is support by rising volume. These are some of the most common patterns and can be used to read charts. These patterns can be used in combination with other signals. Moving averages, oscillators, the volume indicator and candlestick reading. When coupled with the market cycle you can end up with a pretty accurate analysis. Namaste.
Long
by MasterAnanda
AMD UpdatePrice has managed to slowly continue grinding higher towards the target box. I have no reason at this time to believe it won't make it into the target area. MACD is slowly building bearish divergence setting up a move lower in the near future. The question is what comes after this move higher. Is it the minor A of intermediate (B), or is it just another wave 4 of C of (A)? Unfortunately, we won't know for some time, I think. The key details to answer this question will come during the next move lower. Should we still be in (A), then we will be visiting the $60's during the next move lower. If we're in (B) already, then the $82-$95 area will be our target depending on how high this current move takes us. Patience my friends. This job takes patience. AMD, IMHO, just isn't a good investment currently. Is there money to be made? Absolutely, but at what risk? When the pattern becomes this muddy and iffy, I stay out on the sidelines. There are plenty of other avenues to trade. Currently, I am watching Coinbase and Tesla the most. Coinbase, if I am right, will have a BIG opportunity coming up in the next few weeks. I'm talking $100+ PER share. Why would I waste my time taking undue risks on a shaky pattern? If you use common sense, it is a no brainer.
NASDAQ:AMD
by TSuth
BITCOIN → Consolidation before the rally. 106K - 110K?BINANCE:BTCUSDT , after breaking out of consolidation at 97,860 and distributing to 104,300, has returned to a consolidation phase, which is generally a positive sign for possible continued growth. The growth of Bitcoin is linked to several reasons: General improvement in the global market situation — easing of trade conflicts; Expectations of a US Fed rate cut; Influx of investment into Bitcoin ETFs Technically , we see the price breaking out of its local downtrend and entering a strong distribution phase. The northern train continues to pick up passengers. At this stage, I would like to draw your attention to the consolidation at 104300 - 102300. A rebound from resistance is currently forming, and we need to monitor the levels of 103300 - 102300 - 101700. These are quite important areas of interest. A false breakdown (liquidity capture) may form before further growth. A return to resistance and the formation of pre-breakout consolidation, for example between 104300 and 103300, will only increase the chances of a breakout of resistance and growth to 106-107K. Resistance levels: 104300 Support levels: 103300, 102300, 101700 The trend is bullish, with Bitcoin consolidating. The coin is not going to fall (at the moment), but to build up potential, the price may form a false breakdown of support (a deceptive maneuver) before continuing to rise. Retesting the 104300 level could lead to a breakout and upward distribution. Best regards, R. Linda!
Long
by RLinda
40
Long-Term Analysis of SUII've used multiple timeframes — from 15-minute to 4-hour, 1-day, and 1-week charts — to create a comprehensive technical analysis. Based on my observations, there's a high probability that SUI is forming a “castle” structure (likely referring to a complex correction or distribution phase), but I don't expect it to reach the top of the previous high. The presence of large candles and significant gaps in the past suggests that the move was driven by momentum rather than sustainable trend, and such impulsive moves usually don't last long. I've identified the key order blocks and marked the FVGs (Fair Value Gaps) for you. Elliott Wave structures are also drawn. I even placed a sample order for beginners or those who don't want to spend too much time analyzing. In summary, we're currently in an Elliott Wave correction phase. That's it for now — I’m tired and heading for my afternoon nap. پ
COINBASE:SUIUSDShort
by soroushshahabi639
1
NIFTY50.....Not done to the downside!Hello Traders, the NIFTY50 has failed to reache my stated target area @ 24620 points and declined to 24038 during Friday's session! This was not expected, but still happened! So, the open target is also available @ 23585 points at the downside within a wave 4. Chart analysis. The decline within a wave 4 is not over yet! One open target is valid around the 23585 area in the coming week. If N50 will achieve this target range, the door is open to a new high above 24620 point as. Probably within a range of about 24875 to 24792 points. Here, a wave (v) should be ending. Keep in mind, that a wave 4 of any degree, never touch the wave 1 high. So, a wave 4 would be eliminated @ 22697 points. It is also possible, that the wave 4 should morph into a triangle. While this pattern is still the most unlikely pattern in a wave 4, we should not deal with that! Anyway! I have visualized the coming wave 5 with my target areas. One first sign for a wave 5 that started is when the purple trend line push above the 243xx range, depending on when and if it will be achieved! So friends, that's it for today. We will see, how N50 will morph in the coming week. An update will follow after new chart pattern develop. Have a great Sunday..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
3
SOLUSDT | 1 DAY | SWING TRADING Hey friends! I’ve put together a detailed analysis on Solana just for you. The harmonic pattern has completed, and we’ve already seen some strong buying from that exact zone. 📈 Now, I’ve got two targets for you: 🎯 Target 1: 170.00 🎯 Target 2: 219.00 🔴 STOP: 75,81 "Just a heads-up — since this is a swing trade, the target might take some time to hit. Good to keep that in mind." Remember, the more love and likes I get from you, the more motivated I am to keep sharing these analyses. All I ask is for a simple like to show your support. 💙 Huge thanks to everyone supporting with their likes — I truly appreciate it!
Long
by TraderTilki
2
SUI - Leveraging Fibonacci & Elliott for Precision TradesSUI’s movement is rapid, sharp swings—both up and down. In volatile conditions like this, we aim 0.702–0.786 fib retracements (and occasionally 0.886 in harmonic contexts) for high‑probability entries. Below is a clear, Elliott-focused breakdown of the current setup and both long and short trade plans. Before diving into the charts, let’s cover the basics of Elliott Wave Theory. Elliott Wave Theory provides a roadmap for market psychology by dividing price action into two distinct phases: 1. Impulse Phase (Waves 1–5) Wave 1: The spark that ignites a new trend as early adopters push prices beyond the prior range. Wave 2: A corrective pullback that tests the strength of the emerging trend, often retracing 38–61.8%. Wave 3: The powerhouse wave—typically the longest and most dynamic—driven by broad market participation and often extending to key Fibonacci levels (1.618, 2.618). Wave 4: A consolidating correction that digests gains and builds the base for the final thrust; it must not overlap Wave 1 territory in a classic impulse. Wave 5: The final leg of the advance, often fueled by last bursts of optimism and weaker hands. 2. Corrective Phase (Waves A–B–C) Wave A: Initial counter-trend reaction as profit-taking begins. Wave B: A deceptive retracement back toward the trend, frequently trapping traders. Wave C: The concluding leg of the correction, which typically tests or breaks the low of Wave A before the next cycle begins. Key Points: Impulse waves showcase momentum and structural clarity, often aligning with Fibonacci extensions. Corrective waves follow Fibonacci retracements (38.2%, 50%, 61.8%), offering optimal entry points. Wave 3 is seldom the shortest; Wave 4’s complexity sets the stage for Wave 5’s final push. In the current SUI structure: Wave 1 ignited the initial rally. Wave 2 delivered a healthy retracement, a pullback close to the 0.618 fib, setting the stage for stronger momentum. Wave 3 roared to a powerful peak topped at the 2.618 extension ($3.875) Now, we’re deep into Wave 4, likely an ABC corrective pattern. This pause is critical—it gathers energy before the final push of Wave 5. Below is a clear breakdown of each wave, big-picture confluences, and trade setups. 🚀 Elliott Wave Overview 1. Wave 1 & Wave 2 Wave 1: Quick surge from $2.4175 → $2.75, setting initial momentum. Wave 2: Pulled back close to the 0.618 fib, creating a solid launchpad. 2. Wave 3: The Power Move Peak: Hit the 2.618 extension of Wave 1→2 and aligned with the –2 extension of Wave 1. Significance: In strong bull markets, a run to the 2.618 extension often precedes a meaningful pullback. Here, Wave 3’s exhaustion suggests a retrace toward the 38.2% Fib of that advance—our ideal Wave 4 entry zone. 3. Wave 4: The Correction All eyes on the $3.17 level—the projected 1:1 extension of A→B and 0.382 fib retracement of Wave 3. This confluence zone is yet to be tested and could offer an ideal Wave 4 entry. ABC Pattern: Currently working on Wave C. 4. Wave 5: The Finale Target Zone: $4.00–$4.35, with strong focus at $4.31 Extension Levels: 1.133 → $3.9695 aligns with the 0.618 fib retracement. 1.272 → $4.0683 is close to the weekly resistance level. 1.412 → $4.1678 alings with the 0.666 fib retracement. 1.618 → $4.3142 alings with the key swing high. 🔑 Key Confluence Levels Golden Pocket: $3.9739–$4.1492 (90-day retrace). Speed Fan 0.618: Support around $3.15. Fair Value Gap: Psychological: $3.00 major support. 📈 Long Trade Setup Entry Ladder: $3.25–$3.111 (stack orders to DCA) Stop‑Loss: $3.07 (just below the 0.786 Fib low) Profit Targets: Fib 1.133 at $3.9795 ($4 psychological & partial take‑profit) Fib 1.272 at $4.0683 Fib 1.412 at $4.1678 Fib 1.618 at $4.3142 Risk:Reward: ~6:1+ (average entry around $3.20 → SL at $3.07 → TP1 at $3.9795) 📉 Short Trade Setup Entry Zone: $4.00–$4.35 (sweet spot at weekly level/yearly open) Confirmation: Bearish reversal candle or volume spike down Stop‑Loss: Above $4.35 Target: $3.77 (near Wave 3 high turned support) Risk:Reward: ~2:1 (varies with DCA entry) ⚙️ Summary & Game Plan Primary Bias: Long in the $3.25–$3.111 zone—stack into the 0.382-0.412 fib retracement entries with tight SL, aiming for the $4.00–$4.30 upside zone. Alternate Bias: Short on a clear rejection within $4.00–$4.35, targeting $3.77 or lower. Risk Management: Keep stops tight to maximize R:R. Patience & Confirmation: Wait for price to reach these zones and show reversal signals (price action, volume, patterns) before committing. All set—now let SUI’s swings unveil the opportunities. Sit tight, follow your plan, and let patience pay its dividend. Happy Trading! ____________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
Long
by SiDec
26
Bitcoin Neutral to Bullish: Completion of 5-wave structureIn this video, I break down the wave structure of Bitcoin and go through in detail the wave counts and where there are breakdowns in the wave structures. I also go through the bitcoin peak price for the most recent wave using 2 Fibonacci extension levels. My outlook is that Bitcoin is going to go much further as this completion is likely to be a sub-wave 1 of cycle wave 5 instead of being the cycle wave 5 itself. I support this notion by referencing to Etherum where there was a false breakdown.
BINANCE:BTCUSD
by yuchaosng
Bitcoin Breaks Wedge! Correction Coming Before Next Leg? After Trump said in the press conference, " Better go out and buy stocks now ." The SPX500 index started pumping , and as I said in the ideas of the last few days, Bitcoin ( BINANCE:BTCUSDT )'s correlation with this index has increased. Bitcoin also started pumping. Yesterday's Bitcoin pump succeeded in failing the Ascending Broadening Wedge Pattern , generally, if the reversal pattern fails, it will play a continuation role . Bitcoin is moving between the Support zone($100,270-$97,700) and the Resistance zone($109,588-$105,865) . The question is whether Bitcoin will touch the Support zone($100,270-$97,700) again and move towards the Resistance zone($109,588-$105,865) or will it continue its upward trend. In terms of Elliott Wave theory , it seems that Bitcoin has completed microwave 3 of the main wave 5 . We can expect an even Time Correction on Saturday and Sunday when trading volume is low . There is also a possibility that microwave 4 of the main wave 5 in Cumulative Long Liquidation Leverage($101,838-$101,432) will be completed. One of the reasons I think we should wait for a correction is the USDT.D% ( CRYPTOCAP:USDT.D ) chart, which we used as a guide in previous ideas . USDT.D% has reached Monthly Support(1) and a Heavy Support zone(4.73%-4.50%) , which I believe is unlikely to be broken within in first attack , and I expect an increase to the Fibonacci lines on the chart. I expect Bitcoin to start rising again after a correction . Cumulative Short Liquidation Leverage: $105,114-$104,100 Note: If Bitcoin touches $97,500, we should expect further declines. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 2-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
59