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Elliott Wave

PECCA will create 5th WAVE The current price is 1.43 with a gain of 0.04 (+2.88%). The stock is currently trading at 1.43, up from an earlier value of 1.42. Key technical indicators visible include: Volume (Vol 20): 4.94M shares with 2.89M average Multiple moving averages: SMA 50 (1.44), SMA 20 (1.45), SMA 10 (1.42), and SMA 200 (1.34) Supertrend indicators with values 1.92 and 1.39 The chart shows several buy and sell signals marked throughout the price history, with the most recent being a "Sell" signal near the current price level. There's a notable pattern of price movement between support and resistance levels, with diagonal trendlines drawn on the chart. The lower panels display volume data, cash flow metrics, and net income figures with specific Malaysian Ringgit (MYR) values noted at different time periods (Sep '23, Dec '23, Mar '24, Jun '24, Sep '24). The price appears to have recently declined from a peak around 1.55, but remains above the longer-term SMA 200 support level of 1.34.
MYX:PECCALong
by pengamalgelombang
Formation of SPRING on FBMKLCI Fledgling IndexThe current price is 18,837.49, down 27.47 points (-0.14%). The chart displays several moving averages (SMA 50, 20, and 10) and appears to be in a downtrend, with price currently at a support level around 18,900. Multiple buy and sell signals are marked on the chart, with the most recent activity showing selling pressure. The price has formed lower highs and lower lows since reaching a peak around 19,700. The bottom panel shows volume indicators and some financial metrics including "Cash from operating activities - FQ" and "Net income (cash flow) - FQ". The chart includes various technical indicators and appears to be from a trading platform with drawing tools visible at the top.
FTSEMYX:FBMFLGLong
by pengamalgelombang
STMXUSDT profits from 80% to 100% This is my idea,, and analysis about STMX. There so no confirmation to inter until now , but we need to see divergence + also RSI above 45 with strong movement up , if the price go down this is will be good to buy from the bottom, don’t Rush to buy , wait from confirmation from other indicators that your using always . Keep your eye on it , there is no signal to buy now , but soon will be. This is my first analysis here i hope you like it and good luck. I will update it later if i saw some interesting people and followers.
SLong
by MarwanAlgarni
3
Bitcoin Seasonality - Best Month (October) and Best Day (Monday)It's very important for every Bitcoin trader to know its seasonality because this will significantly increase the probability of successful trades. I have been trading Bitcoin for almost 10 years, and I successfully use seasonality patterns to predict Bitcoin price movements. For example, you don't want to go long on Bitcoin during August or September; that's probably a very bad idea. The biggest market crashes usually happen in September. But you definitely want to go long in October or April, as these months are the most promising. Knowledge of these patterns will give you an advantage over standard retail traders. Every trade matters. Average return by Month (%) January: +5.1% February: +12.1% March: +4.8% April: +18.7% May: +14.2% June: +4.4% July: +6.1% August: -3.1% September: -8.4% October: +22.2% November: +17.9% December: +7.3% Average return by Weekday (%) Monday: +0.63% Tuesday: +0.18% Wednesday: +0.54% Thursday: +0.40% Friday: +0.37% Saturday: +0.45% Sunday: +0.10% Currently I am bullish on Bitcoin as the price is in an uptrend and the bear market is not confirmed; I expect Bitcoin to hit 115k probably at the end of February/March. What I also expect is an alt season - alt season is starting right now! So it's time to buy some altcoins. Ethereum should outperform BTC in the next weeks as well. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Long
by Xanrox
52
Critical Insights on Bitcoin: An In-Depth AnalysisBINANCE:BTCUSDT ## Technical Analysis for Medium Timeframe on the 1-2 Scenario ### Overview Currently, we are observing critical movements within the wave structure, with validation of the 1-2 idea occurring across three lower degrees within the hierarchy. This indicates a strong potential for further price movement but also comes with crucial levels of validation and invalidation that traders should be mindful of. ### Current Structure 1. Wave Hierarchy: - The market is at the absolute peak validation for the 1-2/1-2 pattern. This suggests that we are likely completing a corrective structure (potentially an ABC or another pattern) and are primed for an upward movement if our primary setup is correct. 2. Micro Timeframe Analysis: - On the micro timeframe, the consideration of a flat correction as the last resort for the intermediate degree wave 1-2 (marked in orange) gives us caution. Flat corrections typically inflect at a higher degree and signify potential trend reversals or deeper corrections. ### Key Levels to Watch - Soft Invalidation Level: 94161 - This is the first level where we should be cautious. A break below this level may indicate weakening structure but is not a definitive signal to abandon the bullish outlook yet. - Critical Level: 91263 - The breach of this level would raise serious concerns regarding the validity of the bullish wave count. It warrants close attention as it could suggest a more prolonged corrective phase or a trend reversal. - Entire Invalidation for Wave 2: - Levels below the critical 89256 would render the entire wave structure invalidated for the current wave 2 scenario. Traders must pay attention to price movements relative to this level, as sustained trading below could indicate the necessity to reassess the overall trend. ### Conclusion In summary, while the market presents a favorable structure for a bullish 1-2 wave scenario across multiple degrees, it is crucial to remain aware of the key invalidation levels. The micro timeframe indicates the potential for a flat correction, making it essential to monitor the price action closely. A breach of soft and critical invalidation levels (94161 and 91263 respectively) increases the risk of a deeper corrective structure and may necessitate reassessment of the current bullish outlook. ### Recommendations - Monitor Key Levels: Keep a close watch on the specified invalidation levels and prepare to react accordingly if they are breached. - Set Alerts: Utilize trading alerts to notify you of significant movements around these critical levels. - Risk Management: Ensure proper risk management techniques are in place, particularly if price action approaches the critical and entire invalidation levels. By adhering to this analysis and remaining disciplined in your trading approach, you can navigate the complexity of the current market structure more effectively.
by SRFXGlobal
FTTUSDT: Is a Major Breakout Coming? Watch These Key Levels Now!Yello, Paradisers! Is FTTUSDT gearing up for a strong bullish reversal, or is this just another trap? Let’s break it down. 💎FTTUSDT has completed a proper ending diagonal with a clear 5-wave count, signaling a potential trend shift. Adding to the bullish case, we’re also seeing an inverse head & shoulders pattern forming, along with a bullish divergence, both of which increase the probability of an upward move. 💎If the price breaks out and closes candle above the resistance zone, it will confirm the pattern, setting the stage for a strong bullish move. 💎If the price breaks down and closes candle below the support zone, the bullish setup will be invalidated, and in that case, it’s best to stay patient and wait for a better price action setup. 🎖The market always gives opportunities, but only disciplined traders take full advantage. Stay sharp, Paradisers—patience and strategic execution are key to long-term success. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
2
Bitcoin Stuck in a Range—Breakout or Breakdown Next?Bitcoin ( BINANCE:BTCUSDT ) started to rise as I expected in the previous post but once again failed to break the 50_SMA(Daily) . In general, Bitcoin has been moving in a range for more than 10 days , making it difficult for Bitcoin traders . Bitcoin is moving in the Resistance zone($100,520-$97,200) and created a Fake Break for the Resistance line . Meanwhile, it seems that Bitcoin has succeeded in forming a descending channel , and the falling wedge pattern has failed for me (in the previous post). Another point is that during the last 10 days , the most Bitcoin trades were around $96,700 , which number can play an important role in determining the direction of Bitcoin and can be an important support and resistance level for us . Regarding the Elliott wave theory , Bitcoin seems to have completed the Double Three Correction(WXY) . An hour ago, Bitcoin managed to complete the microwave C from the main wave Y. It can be one of the signs of the completion of microwave C , which is a fake break . I expect Bitcoin to attack the Support zone($96,150-$94,700) again AFTER breaking the $96,700 level , and this time, it has a higher chance of breaking this zone, and if this zone breaks, we should wait for Bitcoin to decline to the Support line . Note: If Bitcoin can touch $99,000, we should expect Bitcoin to rise further and possibly break the Resistance zone($100,520-$97,200). Note: Generally, the trading volume is low on Saturdays and Sundays, and the chance that Bitcoin will go out of the range in the next two days is low, although it is not unlikely. When do you think Bitcoin will leave this range (upward or downward)? Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put 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
12
GOLD → Price is confirming the flat. Emphasis on 2905FX:XAUUSD within the 2% correction that happened on Valentine's Day confirmed that one should not fall in love with the market. Technically the market is still bullish, the price is inside the range of 2880 - 2940 Investors are waiting for the meeting between Trump and Putin, which may influence the Russian-Ukrainian conflict and reduce geopolitical risks. Additional support for gold is provided by expectations of Fed rate cuts after weak US retail sales data. At the same time, the markets are watching the escalation of the tariff confrontation between the US and the EU. High volatility is possible in the coming days due to holidays in the USA and speeches of the Fed representatives The key figure is the ascending support, relative to which a false breakdown and the range of 2880 - 2940 is formed. If the price holds in the buying zone, under the bullish support, we can still see the growth. Resistance levels: 2904.7, 2922.6 Support levels: 2893, 2880 A pre-breakdown consolidation is forming around 2904.7. If the resistance is broken and the bulls can keep the defense above this zone, the gold may continue its strengthening. I do not exclude a retest of the support at 2893 - 2880 before further growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
USDCHF → Struggle for the 0.900 zone. Trend change?FX:USDCHF earlier broke the uptrend when the fundamental background changed and the dollar went into correction. A set-up appears on the chart, which can strengthen the maneuver Fundamentally, the situation is complicated because of the tariff war, which was organized by Trump, and European countries are reciprocating. Economic risks are on the rise. In addition, after Trump and Powell's hints about possible rate cuts, the dollar went into correction, which has a favorable impact on forex. Technically, the 0.9000 level plays an important role as it is quite a strong zone. If the bears are able to keep the price below this mark, in the selling zone, it will be a confirmation of the trend change and the price will be able to head down. Resistance levels: 0.9000, 0.9045, 0.9065 Support levels: 0.89157 I do not exclude the fact that the price may return to the range and test 0.5 Fibo, but the technical and fundamental background hints at a possible decline. Emphasis on 0.900. Regards R. Linda!
Short
by RLinda
7
NSE GLAND: A Critical Resistance Zone That Could Shift the TrendTimeframe: Daily In NSE GLAND, the price has respected the channel in three distinct moves, indicating a potential 3-wave correction setup. Currently, it is trading below the 50 and 100 EMA, with ATR at 55.96 and ADX at 42.07 . After reaching a high of 2220, the price declined and formed a corrective structure. Wave (A) completed at 1585.7 , followed by wave (B) at 1964 . Presently, wave 4 of wave (C) is in formation. The 1545-1585 zone serves as a strong resistance, where a decisive breakout could shift the trend. However, the price still needs to reach 1328 to complete a 100% extension of wave A, making wave C = wave A at 1328 . A strong throw-under could enhance the probability of revisiting levels near wave (B). We will update further information soon.
NSE:GLAND
by forextidings
NSE IOC – Approaching a Key Demand ZoneTimeframe: Daily After reaching a high of 196.8, the price has declined by over 39% in 13 weeks. It is currently trading below the 50/100 EMA band, with ATR at 3.68 and ADX at 26.02 . According to the Elliott Wave projection, the peak of 196.80 can be identified as a wave ((3)). The security is currently undergoing the formation of a corrective wave (4). Wave (B) formed at 185.97 , while wave 4 of wave (C) was completed at 145.10 . NSE IOC is now setting up for the final wave 5 of wave (C). Two key Fibonacci relationships help estimate the end of the correction: 1.618 Fibonacci extension of wave (A) at 106.54 (for wave C) 0.618 Fibonacci extension of wave 1 at 115.52 (for wave 5) The price is expected to settle between 115 and 105 , which serves as a key demand zone for buyers. If the price breaks out and sustains above 129.75, traders can target the following levels: 139 – 156 – 172+. we will update further information soon.
NSE:IOC
by forextidings
Need a lower low to clear the pictureThe very oversold February 2 low (circled in orange) is bothersome to me - this low is super OS across the board and I don't believe price could / should go up without clearing this low with an RSI divergence. To add to this, the bounce since that Feb 2 low is forming an ABCDE triangle, which is a continuation pattern - this case would be to the downside. On a one degree large scale, the chart is in a WXY expanding flat. All this points towards a low 80k lower low (bottom?).
COINBASE:BTCUSD
by BelaK
1
PTM Platinum Asset Mgmt (ASX) Monthly 2Monthly chart has clear 5 wave move into longer term bullish fibonacci cluster level This stock has taken a battering over the last few years and recently there is a monthly spinning top outside of the bollinger bands and a gap on the weekly at $1.05, so there is at least 25-30c to close this... I'm looking at the longer term bullish bias, so wont be trading this as a short to medium term trade... Full disclosure... I already have a position in this stock within the last month or so
ASX:PTMLong
by dionvuletich