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Elliott Wave

DXY In Difficult Circumstances Since the Start 80's I decided to give a go at the Dollar Index given the circumstances around the world. And to be honest, I tried to put on the positive glasses. I believe the dollar has been in a complex correction since the mid 80's. Starting out with a large dump in '85 with the a-wave, the correction slowed down and only grew more and more complex. Thought about current wave: What I believe we are going through now is, that we are finishing up the purple C-wave in a green (C)-wave. This wave can end at any time now, since it's now at the 61.8% fib level of the purple A-wave. But it might go down to the 95 level (The green box) to complete at the 100% fiblevel of the purple A-Wave. But first we will have the fourth wave meaning the DXY is gonna struggle for some weeks. Because we had a swift two week wave 2, which means we are probably going have a slow fourth wave according to the rule of alternation. This mean the purple C-wave could drag out into the end of '25 into early '26. This is also with that in mind that a C-wave most likely will take longer than an A-wave. These are the Purple boxes. BUT, after this, DXY is gonna experience some happy years again, going back up to the yellow box somewhere between 110 and 120 to finish the WXY of x of the larger degree. This will take DXY into a couple of years bull-run as long as the green (C) wave runs and completes no earlier than late '27, depending when the purple C-wave prior to the green (C) wave ends. But I believe the green (C)-wave will take about two years to complete. But after this, DXY could again go into some dark ages and considering the high degree purple w-wave took 23 years to complete (blue giant box), there is no reason to believe this high degree purple y-wave will be a swift matter and actually don't complete before the year 2050. And it will take the DXY all the down to start 60's or lower. The reason I said I tried to put on the positive glasses, is that I tried seeing the white channel as a leading diagonal for a new bull run, but I just don't see it as such. I also tried seeing it as a C-wave of a flat diagonal, but this would result in another C-wave afterwards, and also take us down to the 60's level. So that didn't do us any good. For the sake of DXY, I hope I'm wrong, but this is how I see it.
TVC:DXY
by TheDane
2
GBP/USD - Weekly Elliott Wave Forecast | Potential B-Wave Trap!Pattern: Completed 5-Wave Impulse + ABC Zigzag Correction Current Price: 1.3056 Forecast: Bearish B-Wave Reversal Incoming? Technical Breakdown: Major impulse from 2007 to 2022 marked as 1 to 5 A corrective ABC move completed at the key resistance zone Price currently facing rejection from the C wave top High probability of a B-Wave trap forming before a drop to the 1.14 zone Strong confluence with historical structure and Fibonacci retracement Next Move: Watch for a weekly candle close below 1.28 to confirm the reversal. Bears may target the 1.14 zone in the next leg down. Wave Structure Visualized (Top-Right Inset): Shows possible B-Wave drop before bullish C continuation — a perfect trap zone for early bulls. Trade Plan: Short bias below 1.30 with SL above 1.32 Target: 1.18–1.14 zone Re-assess price action near 1.14 for long opportunities Stay Sharp, Stay Green!
Short
by Greenfireforex
1
BIG BIG weekI think 7 FED speakers, A lot of tension in the markets, tops mean polarisation, considering reflexivity theory extreme volatility will ensue. A lot of people might think the -0.786 ATH we got before the holidays is the top. I think they are mistaken as seen in the analysis below. There is still legroom for higher, this is a big bet on my part. I have a few contracts on the mag7 (GOOGL, TSLA and META) focusing on GOOGL since they seem to be in the same headwind as S&P Let's see how this plays out
CME_MINI:ES1!Long
by Osmanomics
SSE Composite Index CorrectionThe SSE Composite Index, the primary index of the Shanghai Stock Exchange, reflects the performance of diverse companies across various industries and serves as a gauge of China’s economy. It is calculated based on the market value and stock prices of these companies. According to daily Cash Data (1D), the SSE Index, after a 36% rise from September 18 to 30, 2024, entered a corrective phase that has lasted about 4 months. Based on the time and price similarity of the waves, it appears the correction is forming a diametric pattern. Wave (e) is likely complete, and wave (f) has begun. Wave (g) may end at 3,138 or 2,945, though the completion of wave (f) will allow a more precise prediction of wave (g) endpoint. This diametric pattern will likely take another 2 to 3 months to complete..
SSE:000001
by NEoWave-Chart
CFD Gold Chart Analysis: Wave 4 in FocusHello friends, let's analyze the Gold CFD chart from a technical perspective. As we can see, the higher degree Cycle Wave III (Red) has completed, and we're currently in Cycle degree Wave IV (Red). Within Wave IV, we expect a Primary Degree ((A)), ((B)), and ((C)) in Black. Wave ((A)) has completed, Wave ((B)) is almost complete, and Wave ((C)) is expected to follow. Within Wave ((B)) in Black, we have Intermediate Degree Waves (A), (B), and (C) in Blue. Waves (A) and (B) are complete, and Wave (C) is nearing completion. Once Wave (C) in Blue completes, Wave ((B)) in Black will end, and Wave ((C)) in Black should begin. According to theory, Wave ((A)) came down and then wave ((B)) retraced upwards so now Wave ((C)) should move downwards, forming a zigzag correction. The equality level is around $2858. However, we don't know if it will reach this level or extend/truncate. The invalidation level for this view is 3169.23. If the price breaks above this level, our analysis will be invalidated. This analysis is for educational purposes only and not trading advice. There's a risk of being completely wrong. Please consult your financial advisor before making any trades. 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_Charts 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_Charts 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.
TVC:GOLD
by RK_Chaarts
3
Gold touches all-time high. Overbought or poised for more upsideGold ( OANDA:XAUUSD ) has soared to a new all-time high, marking the launch of its next bullish phase. This powerful uptrend began on September 26, 2022, and is unfolding as a five-wave Elliott Wave pattern, a technical framework traders use to predict market movements. The first wave (I) climbed to 2081.82, showing strong momentum. Then, a corrective wave (II) pulled back to 1810.58, setting the stage for more gains. The third wave (III) was the most explosive, rocketing to 3167.74, driven by global demand for the safe-haven metal. Wave IV followed, forming a zigzag pattern—a typical correction where prices dip before resuming the trend. This correction found its low at 2954.62 after a structured decline. Now, gold is advancing in wave V, the final leg of this impulse. The first sub-wave, wave (1), hit 3132.59, with smaller waves within it showing steady progress. A brief wave (2) dip ended at 3103.17, and now wave (3) is pushing prices higher. As long as the key support at 2954.6 holds, pullbacks should attract buyers, particularly in 3, 7, or 11 swings—technical levels where dips often reverse. This suggests more upside ahead for gold, appealing to both traders and investors watching this historic rally.
FX_IDC:XAUUSD
by Elliottwave-Forecast
1
NZDUSD Wave Analysis – 10 April 2025 - NZDUSD reversed from support zone - Likely to rise to resistance level 0.5820 NZDUSD currency pair recently reversed from the support zone between the key support level 0.5530 (which has been reversing the price from January) and the lower daily Bollinger Band. The upward reversal from the support level 0.5530 created the daily Japanese candlesticks reversal pattern Morning Star Doji. Given the strongly bearish US dollar sentiment, NZDUSD currency pair can be expected to rise to the next resistance level 0.5820.
Long
by FxProGlobal
GBPCAD Elliott Wave AnalysisHello friends In the GBPCAD currency pair, we are witnessing the formation of a 5-wave pattern or a zigzag. Our hypothesis is the formation of a 5-wave pattern. Waves 1 to 4 have formed. It is currently in the support range. This support range is formed by the collision of static and dynamic supports, which is relatively reliable, and the price has also corrected by 61.8% Fibonacci. Now we expect the price to grow, and the limits of wave 5 are indicated in the figure. The first target is 1.8800 and the second target is 1.9200. The third target is far from expected, but not impossible. Also consider the stop loss below wave 1. Be successful and profitable.
Long
by M_Gheysvandi
AUDJPY Elliott Wave Analysishello friends In the AUDJPY currency pair, we see the formation of a 5-wave pattern in the dominant wave (B). Before these 5-waves, we see a strong downward movement. which we call wave (A). These 5 waves have modified the previous powerful movement, and the corrective movements are always more complicated and time-consuming than their previous wave. Therefore, it is more likely that the price will return to its original movement. Therefore, with the hypothesis of continued downward movement, we are waiting for the break of the trend line drawn at the 5-wave bottom (wave B) and with the break and pullback, we can enter into a sale transaction. To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
Short
by M_Gheysvandi
2
GOLD → Global economic risk indicator consolidates ahead of CPIFX:XAUUSD , rather quickly changes the market structure to bullish and continues its aggressive rally. The economic risk indicator is working perfectly. Technically, the focus is on the range 3135 - 3099 Gold is consolidating around $3,100 in anticipation of US inflation data. The escalating trade war between the US and China keeps demand for defensive assets alive despite the pause in price gains. Trump imposed 125% tariffs on Chinese goods and China retaliated with duties of 84% on U.S. imports. Increased tariff tensions are raising recession expectations and encouraging bets on a Fed interest rate cut, which supports gold. However, a rise in March CPI inflation (expected 2.6% y/y) could trigger a downward correction, although the impact could be short-lived - tariff news remains the main driver Technically, the price failed to reach the 3135 liquidity zone and reversed, which attracted the crowd willing to sell (deceptive maneuver). But, after correction the price may return to the target quite quickly Resistance levels: 3135, 3167 Support levels: 3100, 3090, 3077 Emphasis on the range boundaries, possible retest of 3100-3090- 3075 before continuation of growth. On the news or before the opening of the American session there may be a long squeeze before the continuation of growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
10
Comprehensive Research - McDonald’s Stock Set to SoarQuick read: McDonald's stock is poised for a bullish move, with Wave 3 likely starting and strong support near 290.50–295.00. Traders should long on dips within this range, for next resistance levels, 326.00 and 348.00 with a invalidation below 276.00. This setup offers a solid risk-to-reward in a long-term uptrend. Alternative safe entry is possible after the break of corrective channel breakout of wave (2). Elliott Wave Forecast: TF - Daily The chart suggests that McDonald’s stock is in the middle of a larger upward move known as Wave C, which comes after completing a complex correction. Wave C is expected to unfold in five smaller waves, a pattern that usually points to a strong uptrend. It appears the correction is behind us, and a fresh bullish phase is underway. Starting from the low at 276.53 , marked as Wave B, the price climbed to 326.32 , forming Wave one. After that, the stock pulled back to 290.50 , forming Wave two. This pullback followed a typical ABC pattern within a corrective channel, which often signals the end of a downturn and the beginning of an upward move. Now, Wave three seems to be starting, and this is usually the strongest part of Wave C. The price is expected to move above 335 , take a small pause for Wave four, and then rise again to complete Wave five somewhere around 345 to 350 dollars. This positive outlook remains intact as long as the price stays above 290.50 . With the breakout from the corrective channel, the setup looks strong and clear for buyers. Fibonacci levels: Fibonacci Extension Targets: 1.000 extension: 326 1.618 extension: 348 Correction Retracement Levels: Wave 2 retracement: 78.6% A = C in A-B-C correction: 289.21 Price Action & shifting of value: TF: Weekly McDonald’s stock has been steadily climbing inside a rising channel since late 2020, showing a clear long term uptrend. The price has respected both the top and bottom edges of this channel very well, and interestingly, the middle line has acted like a pivot, providing support or resistance multiple times over the years. Recently, the stock made a higher low at 276.53 and bounced back strongly, keeping the bullish structure intact. It then pulled back to 290.50 , right around the middle line of the channel, and held above an upward sloping trendline. This kind of price action shows strength and suggests buyers are stepping in. The sharp move from 276.53 up to current levels looks like a strong bullish leg, possibly driven by accumulation. If the stock can break above its recent high of 326.32 , it could head toward the upper end of the channel. As long as the price stays above 290.50 and especially above 276.53 dollars, the bulls remain in control. Even if the price dips a bit, the long term trend stays positive unless the lower boundary of the channel breaks down. I will update more Information here.
NYSE:MCD
by Money_Dictators
5
DOGE → Will the market hold strength or lose it all?BINANCE:DOGEUSDT is testing the liquidity and resistance zone amid a downtrend as part of a news-induced rally. Will the market hold this trend or return to a sell-off? The downtrend continues. As part of the correction triggered by the news backdrop, bitcoin strengthened and pulled the altcoins with it. But the market may lose all its growth quite quickly, as bearish pressure on the market is still very strong (There are no fundamental positive changes for the market). The fall of BTC may be followed by DOGE as well. Technically, the price is forming a false break of the resistance zone 0.1622 - 0.15700, consolidation of the price below this zone will provoke the continuation of the fall to the nearest zone of interest 0.13646. Resistance levels: 0.157, -0.1622 Support levels: 0.13646, 0.1277, 0.1154 A retest of the trend resistance is possible, but price consolidation below the key zone will be a good signal indicating the seller's strength, the decline may continue. On the weekly timeframe we have a trigger at 0.14217, break of which will open the way to 0.1277 - 0.1025. Regards R. Linda!
Short
by RLinda
12
Elliott Wave Update – Clean Count DevelopmentBINANCE:SOLUSDT We are currently tracking a developing (B) wave as part of a larger corrective structure. The move up from the local low unfolds as a classic 5-wave impulse (yellow), where wave 3 is completed, wave 4 is forming as an A-B-C flat correction, and wave 5 is still expected to follow, completing wave (C) of (A). After that, we anticipate a drop into wave (B) of the corrective sequence before a potential final push into the green target zone to complete wave (C) of (B). Once this entire correction is done, the expectation remains for a larger 5-wave decline to complete the macro structure. Wave count stays valid as long as internal rules of Elliott Wave Theory are respected.
Long
by ElliotXSolana
BTC USD Elliott Wave AnalysisHello friends Especially those who are new members (welcome) In the digital currency Bitcoin, after a sharp rise and the formation of a range zone, we saw a drop in the price of Bitcoin. Today we want to check whether this drop continues or not? If the answer is yes! How far? We see a corrective pattern on the daily timeframe. This pattern is flat with a long wave C. The structure of this pattern is 3-3-5. Wave C is 5 waves. Now we are in wave 5 and we are waiting for a slight increase in the price to the $ 86,500 area and then the price will drop to the $ 73,500 area. This area is a static support and we expect a reaction at this price. Good luck and be profitable.
BITFINEX:BTCUSDShort
by M_Gheysvandi
EURUSD Elliott Wave AnalysisHello friends (especially Mr. Mehdi) I left this analysis for Mr. Mehdi. Given our prediction that the price growth in the EURUSD currency pair was expected, this analysis went completely according to our expectations, of course I hope you have benefited from this analysis. Now, considering the formation of a 5-wave pattern in wave 1 of 3 or C and waves 2 and 3 of the main wave 3 or C, We will expect the formation of a corrective wave in the main wave 4. Given the price reaching 1.618 wave 1 and forming a shadow, we will most likely enter a correction. Given the strength of its wave 3, this correction can be partial or deep. But considering the support levels, the minimum correction will be the 1.07500 range, if this level is lost and decreases, the next range will be 1.0600 and then, less likely, the 1.0500 range. Be successful and profitable.
Short
by M_Gheysvandi
8
Gold Elliott AnalysisHello friends As predicted, we expected a 5-wave formation, which happened, and with the formation of a divergence between waves 3 and 5, the price of gold fell. Now a small wave with 5 parts has formed, which could be wave A of a zigzag. We expect the price to grow by 61.8% of the decline that occurred in the main wave B. Now, considering the psychological support of $3,000, this price reversal may happen right now or it may fall to the $2,960 range and then the price will grow. In general, we will have a growth in the main wave B and then another sharp decline in the main wave C. Meanwhile, the RSI indicator has also reached the oversold limit. Good luck and be profitable.
FX_IDC:XAUUSDLong
by M_Gheysvandi