Get started

Elliott Wave

Tesla’s Flat Deception: Bearish Wave Y in the Making?Tesla’s price structure has taken traders on quite a journey, and after peeling back the layers, it's clear that both bullish and bearish possibilities demanded attention — but only one holds more weight for now. The first sign of life came at the March low, where price made a lower low (218.13 to 214.25), but RSI formed a higher low. This classic bullish divergence paved the way for a strong rally, confirming that Wave W had likely ended with a sharp zigzag, and Wave X was beginning to unfold. The bounce from 214.25 extended into a flat structure, which completed near 367.71 — a textbook ABC flat with the internal wave b forming a higher low at 223.17. Initially, this structure looked like the beginning of a bullish impulse. The drop to 273.22 perfectly tagged the 0.618 Fibonacci retracement, and it was tempting to label it as Wave 2 of a new impulse. However, that bullish view began to crack when the bounce from 273.22 appeared to be a three-wave move, not a clean five-wave impulse. More importantly, Wave 4 of this move overlapped the price of Wave 1 — a key violation that rules out a typical impulse and instead suggests the move was a leading diagonal. This view is supported by the RSI, which revealed bearish divergence as price climbed from 350.00 to 367.71 — price made a higher high, but RSI made a lower high, indicating fading momentum. That divergence, combined with the overlapping structure, tilts the probability toward a bearish scenario now unfolding as Wave Y. If this view plays out, the decline from 367.71 may be the start of Wave a of Y in a final zigzag correction. The projected path would take Tesla lower in a 5-3-5 structure, with potential support near or below the March lows. The bearish view remains valid as long as price stays below 367.71 — the clear invalidation point. A move above that level would force a reevaluation and potentially revive the bullish case. At this point, the market has spoken — and it's whispering bearish. The structure favors caution unless bulls reclaim momentum with strength. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NASDAQ:TSLAShort
by WaveXplorer
4
BTC: Elliot Cycle AnalysisA simple Elliot wave analysis of BTC's cycle. I predict we top out between 140-190k, before entering a bear market that will last ~12 months, likely ending early 2027. I can imagine that we form a massive H&S before we decline. I believe the widespread adoption of crypto, BTC reserves, ETFs, etc. will serve as a bulwark against too harsh a winter. We perhaps drop to the 56k support, which would be an excellent buy-back opportunity. Prepare to exit the market and remain tethered up for about a year or so. Don't get greedy. Things are gonna heat up real soon for the broader market. Happy trading, Melonfarmer
COINBASE:BTCUSDLong
by melonfarmer5
GTAI - Time to buy this altcoin! (bottom is in)GTAI (GT Protocol) is a relatively new altcoin that is listed on major exchanges. On CoinMarketCap, this altcoin has a rank of #1121, which means it has a lot of room to go to the upside. You probably don't want to buy some famous altcoins in the TOP section because there is no 100x potential anymore. But if you want a reliable but small profit, then you can go with BTC or other major altcoins. GT Protocol is back in the spotlight as one of the top AI narratives of 2024. The biggest unlocks are nearly behind it — and the setup for sustained growth is looking strong. If you believe in the AI tokens, this could be a good choice for the upcoming alt season. From a technical point of view, this altcoin just completed a major ABC corrective wave on the weekly timeframe. This is a huge technical event, because after such a move, we expect a strong impulse wave 12345 to the upside! Currently, the price has been trending in this blue descending parallel channel. The price is near the support line, providing us with an excellent buying opportunity. I expect GTAI to go up in the immediate short term and mid-term because the price should retest the downward-sloping trendline of the channel. Now it's up to you if you take a 150% profit or hold for the long term! Let me know in the comment section what you think about this altcoin? 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
35
S&P 500 Breaks Out — Trump, Tariffs & Bullish Island PatternDonald Trump has mentioned the US stock market in every meeting he has held in the past few days, which has caused the US stock market indices , including the S&P500 Index ( SP:SPX ), to rise: "Better go out and buy stocks now". President Donald Trump told a crowd in Saudi Arabia on Tuesday that the markets are just getting started. “It’s going to get a lot higher,” he said, right as the S&P 500 posted its first gain since late February. But one of the main reasons for the increase in the S&P 500 Index and US stocks is The United States has dropped its tariffs on Chinese goods to 30% , down from a brutal 145% , while China is slashing its own duties on US imports to just 10% , temporarily, for the next 90 days . ------------------------------------------------- Now let's take a look at the S&P 500 Index chart on the daily time frame . S&P500 Index managed to break the Resistance zone($5,737_$5,506) and 21_SMA(Weekly) by Breakaway Gap . In terms of Classic Technical Analysis , the S&P500 Index has managed to form a Bullish Long Island Pattern , and this pattern is one of the continuing patterns and will be a sign of the continuation of the S&P500 Index's upward trend . In terms of Elliott Wave theory , it seems that the S&P500 index has completed the corrective wave and is in new impulsive waves , which could cause a new All-Time High(ATH) to form. I expect the S&P500 index to increase by at least +5% as it approaches the Uptrend line , and we will see the possibility of a new ATH . Please respect each other's ideas and express them politely if you agree or disagree. S&P 500 Index Analyze (SPX500USD), Daily 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.
OANDA:SPX500USDLong
by pejman_zwin
15
Gold Correction = Bearish Divergence + Wedge + Zigzag CompleteGold ( OANDA:XAUUSD ) attacked the Resistance zone($3,387-$3,357) today after the release of the US CPI indices . Although the figures seemed to be in gold's favor, traders still seem to be determined to continue the price correction. In terms of Elliott Wave theory , it seems that Gold has managed to complete the Zigzag Correction. We should wait for the next 5 down waves . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . In terms of Classic Technical Analysis , Gold appears to have successfully formed a Rising Wedge Pattern . I expect Gold to drop to at least $3,296 AFTER breaking the lower line of the Rising Wedge Pattern . Note: Stop Loss(SL)= $3,380 Gold Analyze ( XAUUSD ), 1-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; 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.
OANDA:XAUUSDShort
by pejman_zwin
32
USDCAD Hits Support as Fed-Hawkish & BoC Cuts! Big Bounce ComingUSDCAD ( OANDA:USDCAD ) is trading at the Potential Reversal Zone(PRZ) and near the important Support line and Support lines . In terms of Elliott Wave theory , it seems that USDCAD has managed to complete 5 main down waves and we can expect more up waves . Also, we can see the Regular Divergence(RD+) between Consecutive Valleys . I expect USDCAD to rise to at least 1.37860 CAD. Fundamental View: The Bank of Canada initiated its rate-cutting cycle , while the Federal Reserve remains firm with no immediate plans to ease. Strong NFP data on Friday reinforced USD ( TVC:DXY ) strength . Oil prices( BLACKBULL:BRENT ) may offer temporary support to CAD , but macro divergences clearly favor the dollar . Note: Stop Loss(SL)= 1.36110 CAD U.S Dollar/Canadian Dollar Analyze (USDCAD), 4-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; 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
12
Gold (XAUUSD) Eyes 3,330 Zone as Safe-Haven Demand Builds!!Hey Traders, In today’s trading session, we’re keeping a close watch on XAUUSD for a potential buying opportunity around the 3,330 zone. Gold continues to trade within a strong uptrend, and is currently undergoing a healthy correction, bringing it near a key support/resistance level that could act as a springboard for the next leg higher. From a fundamental perspective, rising geopolitical tensions in the Middle East have led to the evacuation of diplomatic personnel and increasing concerns of potential military escalation. As uncertainty grows, safe-haven assets like gold tend to attract stronger demand from investors seeking protection against volatility and risk. If the situation deteriorates further, we could see a surge in gold prices as market participants hedge against geopolitical instability. Trade safe, Joe
OANDA:XAUUSDLong
by JoeChampion
17
Crude Oil Eyes 65.40 Support Amid Middle East Uncertainty!!Hey Traders, In today’s trading session, we’re closely monitoring USOIL for a potential buying opportunity around the 65.40 zone. The commodity remains in an overall uptrend, and is currently undergoing a corrective phase, approaching a key support/resistance area near 65.40. This level aligns well with the broader trend structure and may offer a favorable risk-to-reward setup. On the fundamental side, geopolitical tensions are on the rise. Reports indicate that U.S. embassy personnel are being evacuated from parts of the Middle East amid growing regional instability. Allegedly, Israel is preparing for potential military action against Iran should nuclear deal talks collapse. If these tensions escalate further into military conflict, oil prices could spike in response to the heightened risk to regional supply chains. Trade safe, Joe
TVC:USOILLong
by JoeChampion
2
Elliott wave daily EURUSD update Elliott wave daily EURUSD update The price movement of the last few weeks requires a change and update of the wave count ______________________________________ upward movement from area 1.018/genuary 2025 to area 1.1580/april 2025 looks impulsive - minute wave ((i)). we are now in a corrective minute wave ((ii)) zigzag or flat or any double target area 1.1040/1.0800 area in the very short term level to monitor 1.1500 area over 1.1500 area a flat correction more likely ( to area 1.1570) note FX option expiries for 6 June 10am New York cut 1.1500 (EUR 3.19bn) 1.1400 (EUR 2.38bn) 1.1300 (EUR 1.28bn) FOREXLIVE
by francescoforex
Inverse H&S Breakout! EURGBP Eyes Resistance Zone Amid Eurozone EURGBP ( OANDA:EURGBP ) is moving between two Support zone(0.83870 GBP-0.83500 GBP) and Resistance zone(0.8511 GBP-0.8470 GBP) . In terms of Classic Technical Analysis , EURGBP has managed to break the Neckline of the Inverse Head and Shoulders Pattern . I expect EURGBP to rise to at least 0.84911 GBP and attack the Resistance zone(0.8511 GBP- 0.8470 GBP) . ----------------------------------------------------------- EURGBP Fundamental Analysis: 1. Eurozone (EUR) Overview : The Eurozone economy has shown moderate recovery signs after pandemic disruptions. Inflation remains a concern, but the European Central Bank (ECB) is expected to maintain or even tighten monetary policy gradually to combat inflation. Economic data such as GDP growth and industrial production are mixed but generally indicate slow growth. Political stability in the Eurozone is relatively steady compared to the UK. The ECB’s forward guidance leans towards cautious optimism, supporting EUR strength over time. 2. United Kingdom (GBP) Overview : The UK economy faces several challenges, including slower growth prospects compared to the Eurozone. Inflation has been high but the Bank of England (BoE) has been raising interest rates aggressively to control it. Political uncertainties related to Brexit aftermath, trade deals, and fiscal policies have created some volatility. Consumer confidence and retail sales have shown signs of weakness in recent months. Overall, the BoE’s hawkish stance is strong, but economic fundamentals are less robust compared to the Eurozone. 3. Comparative Factors Favoring EUR Long : The Eurozone's relatively better economic stability and growth prospects support EUR strength. UK economic challenges and political uncertainties weaken GBP. ECB’s more gradual tightening approach may prevent shocks, making EUR attractive. Brexit-related trade issues continue to pose risks for GBP. 4. Risks to Consider : Unexpected ECB dovish moves could weaken EUR. Positive UK economic surprises or faster-than-expected BoE tightening might strengthen GBP. External shocks like geopolitical tensions can affect risk sentiment, impacting both currencies. ----------------------------------------------------------- Note: Stop Loss(SL)= 0.84221 GBP Euro/British Pound Analyze (EURGBP), 4-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; 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
11
BTC/USD: 12 JUNE, 2025 - IS THE SECOND WAVE UNFOLDING?Conclusion: The 1-grey wave may have just completed at the 111,965 high, and the 2-grey wave is unfolding to push lower, targeting the low around 95,872.01. I counted a five-wave within the 1-grey wave, which suggests that it may have ended, and we are entering the 2-grey wave. This decline could target around the 95,572 low in the form of a Zigzag labeled a,b,c))-navy. While the price must remain below 110,617 to keep this Bearish view valid.
INDEX:BTCUSDShort
by ShaneHua
3
CRUDE OIL: 12 JUNE, 2025 - BOTTOM AND TAKE OFF!?Conclusion: The ABC)-orange correction may have just completed, and a five-wave is pushing much higher, targeting the nearest target at the high around 94.19 or 130.50. Details: Since the high of 130.50, a decline with A,B,C)-orange has unfolded as a Zigzag. I counted a five-wave within the A)-orange, and a triangle within the B)-orange, and finally the C)-orange has completed as a five-wave. So, perhaps that ABC has ended with convincing evidence. So crude oil is likely to rise in the medium term, even though the alternative scenarios with relatively high probability in another development also show increasing bullish weight. And it is aiming for the nearest target at 94.19. While price must always remain above 55.30 to keep the Bullish market view valid.
NYMEX:CL1!Long
by ShaneHua
S&P 500 Short Update 2: Shifting wave degreeHi all, As I explained in this video, the previous idea was invalidated because of an issue with "degree" of wave that a fellow watcher of my idea rightly pointed out in the comments section. I did the change on this video and explain the mistake I made in the previous idea. In this video, I also talked about the last wave, how it can still be the peak but on the bigger picture, it is still too small compared to wave 1 and 3. I then recommend 3 "safer" entry points: 1. One reversion trade at the top of the trendline. 2. One breakdown from the diagonal trendline. 3. One breakdown from the 4th wave support price. Which entry point(s) you choose depends on your personal preference and opportunity. The stop will be above where you identify as the peak at your point of entry. Good luck!
OANDA:SPX500USDShort
by yuchaosng
GOLD → Strengthening and return to range. Focus on 3340FX:XAUUSD is forming a fairly strong support zone (a cascade within an upward line). The price is returning to the range, with bulls storming 3330-3340. Markets are awaiting US inflation data (CPI), which may affect expectations for a Fed rate cut in September (chances are about 52%). Optimism following progress in US-China trade talks is supporting sentiment, but uncertainty remains due to a court ruling allowing Trump to maintain tariffs. This is holding back the dollar and helping gold. CPI forecast: 0.2% growth, core inflation 0.3%. Lower inflation, on the other hand, will support expectations of lower rates and strengthen demand for gold as a safe-haven asset. Technically, gold is stuck between the boundaries of a symmetrical triangle. Overall, this situation is reflected in all markets. Consolidation is forming and the price could break out in either direction... Support levels: 3301, 3330, 3340 Resistance levels: 3349, 3361, 3375 Focus on the boundaries of the previous range - 3330 - 3340. If the bulls, after the assault, manage to hold their ground above this zone, the market may take the initiative due to support and continue its growth towards areas of interest. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
25
AUDUSD → Correction after a false breakout before growthFX:XAUUSD continues to rise amid uncertainty surrounding the dollar, which continues to consolidate. The currency pair is preparing to test resistance at 0.6537 The dollar is stuck in place due to market uncertainty. At the same time, the Australian dollar is strengthening and is ready to test the liquidity zone Within the current trend, the currency pair is heading towards resistance and the liquidity zone. We opened far away, and as we move towards the target, the potential for further growth may end. A false breakout of 0.6537 could trigger a correction Resistance levels: 0.6537 Support levels: 0.6509, 0.6479 A sharp move towards resistance without the possibility of further growth could cause a false breakout of 0.6537. Price consolidation below this level could trigger a correction before growth. Best regards, R. Linda!
Long
by RLinda
6