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Elliott Wave

Flying into the sun or about to get burnt?Market is about to reach all-time highs again. Many trade deals must have been made. Interest rates must have been cut. Wars must have been resolved. Personal debt must have come under control. Corporate debt must have been resolved. Wait, nothing has changed? Things are worse? Well why is the index about to hit new all-time highs? My take is a major fake out. We are about to set a double top as we complete a rising wedge pattern. The rising wedge. What began at the market bottom on 7 April, has remained bound in a channel. If the first pump up was an A followed by the declaration of the channel bottom as B, wave C has last over a month upward. We have wave 3 signals identifying wave 3 of C ending with the high on 19 May. Last week's dip was wave 4 and now we fly high this week. It is unclear if we actually make a new all-time high or fall just short. The below chart has 138.197% extension around 610.63. Inside wave C, my wave 1 was nine days long, and wave 3 was only 8. This points to wave 5 lasting less than 8 days. A common wave 1-3-5 duration in relation to wave 3 is around 114% for 1 and 50% for wave 5. The height of the rising wedge covers 66.82 points. This same distance should provide the first target bottom once we exit the channel, possibly as early as next week. Once the bottom falls, we then examine the double top pattern. Although the neckline stretches far backwards, the bottom is established at the 7 April low. The distance from the neckline to the all-time high in February provides the next possible minimum target bottom by taking this 131.43 drop and subtracting it from the neckline of 481.80. This puts the initial low around 350.37 sometime later this year or early next. There is a perfect storm of calamity brewing with zero resolutions in place or even planned. Do we finally drop or keep rising into the sun?
AMEX:SPYShort
by StockSignaler
1
GOLD → Correction before possible growthFX:XAUUSD entered a liquidation phase (rally) within the trading range at the opening of the session. The dollar's rise is to blame. The focus is on supporting consolidation... Investors remain interested in gold as a safe haven asset amid geopolitical risks and declining demand for US assets. The key drivers remain news about tax reform in the US, trade negotiations, and upcoming macro data. Gold is consolidating, but since the opening of the session, the price has been heading towards support. Against the backdrop of an upward trend, a trigger for bearish liquidity is likely to form before growth. Against the backdrop of the dollar's growth, gold is entering a correction phase. At the moment, all attention is on support and the liquidity zone of 3265. A false breakdown will trigger a price buyback. Resistance levels: 3322 Support levels: 3282, 3265 Since the price is still within the range and a countertrend correction is forming in the market, in our case, it is worth considering an intraband trading strategy. A false breakdown of support could trigger growth to intermediate resistance or to the upper border of the channel. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
27
BITCOIN → False breakout of 110K. Negative background???BINANCE:BTCUSDT.P hit a new all-time high of almost 112K on the back of improved economic and fundamental data, but the party didn't last long before Trump's next speech... Yesterday, Trump spoke and announced new tariffs on the EU. The markets reacted quite aggressively to this news. Despite the fact that the market has practically bought back all the losses, the question itself remains open. The introduction of 50% tariffs on Europe will increase the risk background, which could trigger a fall in both the stock market and cryptocurrencies. In this case, money will flow into gold (a safe asset)... Technically, Bitcoin is forming a false breakout of the global resistance level of 110K (previous ATH). The price is reacting and forming a bearish momentum (coinciding with the change in the fundamental background). The area between 109.8 and 110.3 is a resistance and liquidity zone relative to the previous ATH. If the bears hold the resistance, Bitcoin may get stuck inside the 110K - 106.8K (105K) range. Resistance levels: 109.8K, 110.3K, 112K Support levels: 106.8K, 105K Accordingly, if the 110K resistance holds amid the correction, consolidation below the resistance will confirm the formation of a false breakout, and in this case, Bitcoin may move to the 110K (112K) - 105K (102K) range. However, situations change daily, and if Bitcoin does break through 110K and manages to consolidate above its previous ATH, this will be a signal for growth... Best regards, R. Linda!
Short
by RLinda
19
a possible massacre.what if i told you that bitcoin could drop 50% before june is over? i know that probably sounds extreme. maybe even a little unbelievable. and that's okay; most people react that way when faced with a scenario they weren't prepared for. i’m not here to scare you, and i’m not trying to make a bold claim just to get attention. i’m here to share a message that comes from a rare, proprietary sell signal in our system; something that doesn’t trigger often, but when it does, we pay very close attention. i believe there’s a real possibility bitcoin drops below 50k by the end of june. --- here’s the technical stuff to anyone interested: since the bottom in november 2022, bitcoin moved up in a clear five-wave pattern, peaking around january 2025. from there, it seems to be forming what’s known as an expanded flat correction. this is a three-wave structure (3-3-5) that often tricks the crowd before the next major move begins. ironically, this potential drop doesn't change the bigger picture at all. i still believe the long-term target sits between 750k and 1m by year-end. but markets don’t move in straight lines; sometimes, they shake out everyone who’s too confident, right before taking off. consider this a heads-up, not a certainty, but one worth preparing for. --- ps. the stop-loss on my btc long sits at the target of this idea. if i'm right about this, my stop will get hit, and it will open the door to a new entry. --- 🌙
by notoriousbids
2
the trap has layerswhat if i told you the dxy was not done yet, what if i told you, there was 1 more push up, 1 more test before it truly breaks and starts a bull market. what if i told you that on that final test, that final push up, the crypto market breaks and takes everything. --- you probably wouldn't believe me. --- looking at the dxy as a simple zig-zag with a complex flat in the b-wave. once wave b is completed, at about 110-111, i predict it drops down, deep and while it drops, it triggers alt season. 🌙
TVC:DXY
by notoriousbids
2
TRBUSDT → High probability of a false breakoutBINANCE:TRBUSDT.P is testing resistance in the 38,700 range as part of a rally. The current strong movement may end in a false breakout... TRB is forming a distribution pattern. After exiting consolidation, the price rallied 16%, exhausting its potential for further growth. A false breakout of resistance could trigger a correction. Bitcoin looks controversial in the overall situation. After a false breakout of the 110K resistance, the price is consolidating below the level. If the flagship correction begins, it may also trigger a correction in altcoins... Resistance levels: 38,700 Support levels: 35.98, 33.65 If the price fails to consolidate above the level and continue to rise, this will confirm the absence of bullish potential. A false breakout and price consolidation below 38.700 will trigger a correction to 36 - 33 Best regards, R. Linda!
by RLinda
NZDUSD - growth ended with a false breakout NZDUSD makes a false breakout of resistance after strong growth in the Asian session. The dollar is correcting a bit before the news at this time, which may give a chance for the currency pair to correct Scenario: Strong growth of 2.3% is tempered by a false breakout. The price is not ready to continue rising. Consolidation of the price below 0.60200 may intensify the sell-off and trigger a correction to the support at 0.5969 (0.5)
Short
by AndeWave
23
NIFTY - EW ANALYSIS. MULTIPLE TIMEFRAME. 🔍 NIFTY 50 Technical Analysis (Elliott Wave-Based) 🗓️ Chart Date: May 27, 2025 | 📈 Timeframe: Intraday/Short-term 🧭 Wave Structure Overview Left Chart (Higher Timeframe View) Wave I to V (impulse) is clearly completed, indicating the end of a bullish cycle. The current correction phase has begun — ABC pattern: ✅ Wave A completed (sharp downside drop). 🔄 Wave B completed (retracement upward). ⏳ Wave C is in progress (impulsive fall expected). Right Chart (Shorter Timeframe Confirmation) The B-to-C leg is developing as a five-wave impulsive structure. Currently, NIFTY is at the early phase of Wave III of C. Trigger level: 📉 Below 24,720, the Wave 1 of BC is breached – confirming the breakdown. Once confirmed, sharp fall expected in Waves III, IV, and V of C. 🎯 Key Levels 📍 Breakdown confirmation below: 24,720 🔻 Potential C wave targets (based on wave projection): 1st target: 24,300 2nd target: 23,800 zone 📈 Immediate resistance: 25,000 – 25,100 (wave B high) 💡 Trading View Bias: Bearish (ABC correction underway) Action Point: Start short trades once price breaks below 24,720. Pattern Confidence: High, as both timeframes confirm wave structure. 📌 Summary NIFTY has completed a 5-wave bullish structure and is now in a corrective ABC phase. The current B-C leg is unfolding as an impulsive 5-wave move. A breakdown below 24,720 will confirm aggressive selling in Wave C with potential to reach 23,800–24,300. Ideal setup for swing short trades once breakdown is confirmed. ⚠️ Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk; please consult with your financial advisor before making any decisions. The author assumes no responsibility for any losses incurred.
NSE:NIFTYShort
by shiva560060
MetaSo far Meta has been following the analysis very nicely. Price came up just short of the 1.618 extension and the 0.786 retracement fib of A. Since then, it has started to move lower and poked below the target box. We could technically get another poke higher to tag the 1.618 but it isn't required. We do have hidden bearish divergence on MACD as you see MACD made a higher high, but price did not. If we can start to get some overlap lower as well as breach the 1.0 @ $597.17, that will be a good sign that the top is in fact in. If we have topped, we should be looking to the $420-$320 area for the completion of minor C wave. Minor C should take around 2 months or so to complete if it is to follow the lead of A & B. I feel this is all pretty straight forward so I will leave it at that. Please let me know if you have any questions.
NASDAQ:META
by TSuth
SUI/USDT – Two Scenarios in Play: Impulse or Ending Diagonal?SUI is at a key decision point on the 4H chart. The current structure may either be: a classic impulse wave, with wave (5) still incomplete, or a bearish ending diagonal, suggesting the uptrend is losing strength. If this is an impulse, price could continue toward the upper boundary of the wedge to complete wave (5). However, if this is an ending diagonal, a sharp breakdown could target the support zone around $2.93, near wave (2). 📌 Stay cautious until a breakout or breakdown confirms the direction. 🕰️ Timeframe: 4H (Binance) 📉 Key support: $2.93
Short
by CakirInsights
Bitcoin : Impulse up or Flat Trap!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! BTC has staged a solid move off the May 25 low — but the context matters. We’re facing two distinct, high-stakes scenarios here: one bullish, one bearish. What happens next hinges on whether the May 25 rally is the start of a new impulse or the final leg (C wave) of an expanded flat off the all-time high. Structure Breakdown Bearish View: We’re completing a textbook expanded flat from the ATH: A wave started May 23 B wave pushed to a lower low. C wave began May 25 and is likely wrapping up now If valid, this sets the stage for a powerful Wave 3 down. Bullish View: The May 25 low marked the end of a corrective phase: Rally from that low is an impulsive Wave 1 A pullback to the 108k golden zone would represent Wave 2 Wave 3/C up could follow from that base What to Watch The area around 108,000–107,100 is a magnet. If price retraces into this zone with a corrective look and holds, bulls could be in control. But if we roll over hard from here, it supports the expanded flat thesis — and a much deeper move likely follows. Outlook This is a moment for sharpen focus. The chart structure is clean, but the outcome isn't binary until we see what kind of retrace (if any) forms. Watch 108k like a hawk. If bulls defend it, there’s room to talk new highs. If we break impulsively from here, expect acceleration lower — fast. Trade safe, trade smart, trade clarity.
COINBASE:BTCUSDShort
by CryptoKnee
1
TCS – From Correction to Acceleration?TCS appears to have completed a textbook Zigzag correction (A-B-C) ending at ₹3056.05 — right at the long-term trendline support that has held since 2020. From this base, the structure is now forming a clean impulsive sequence : Wave 1 topped at ₹3630.50 Wave 2 retraced to ₹3451.30, holding between 0.236–0.382 retracement zones The current rally may be the start of Wave 3, with fib projections targeting the ₹4025–4380 zone Supporting evidence: Strong RSI bullish divergence at the March low Breakout above ₹3630.50 would confirm Wave 3 ignition Invalidation: Break below ₹3056.05 would invalidate this count and suggest a larger correction. Tools Used : Elliott Wave, Fibonacci, RSI Timeframe : Daily Weekly timeframe view attached below for broader context: This is a technical analysis for educational purposes only and not financial advice. Part of the ongoing #WaveTracker series. Documenting Elliott Wave progression across major stocks.
NSE:TCSLong
by WaveXplorer
3