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Elliott Wave

SOLUSDT - Wave 5 Completion into resistance zoneThis 1-hour chart of SOLUSDT (Solana Perpetual Contract) showcases a potential 5-wave Elliott impulse structure forming within a larger resistance zone. - After breaking down from the highlighted resistance range (roughly $122–$129), SOL is currently retracing upward in what appears to be an impulsive 5-wave correction. - Waves (1) through (4) seem to be in place, with Wave (5) projected to complete just below or near the resistance zone again. - A potential bearish reversal is anticipated upon the completion of Wave (5), likely targeting support around the $120–$121 level. Traders should monitor the price reaction near the $126–$128 region for rejection signals. A failure to break and hold above resistance could validate the short scenario, while a clean breakout could invalidate the bearish outlook and signal continuation. Tight stop-loss management and confirmation through volume or momentum indicators are recommended before entering a trade.
Long
by wdstrades
4
Rollercoaster Continues For SPYMy overall thesis is we are in the very early stages of a multi-year decline ultimately with the S&P 500 below 3500. I am estimating this symbol to be in wave position SuperCycle 2, Cycle A, Primary 1, Intermediate 3 (pink), Minor 3 (yellow), Minute 3 or 4 (green). I originally had this symbol nearly complete with Primary wave 1, but the continued declines received significant wave 3 of 3 signals (pink lines in bottom chart band). It is still unclear if we are in my theoretical larger decline or if we are in a simple corrective wave. It will take at least another two months to likely achieve the answer. Theory 1 is my hypothesis where we are about to finish Minor wave 3 in Intermediate wave 3 in Primary wave 1 in a multi-year market correction. This would see SPY bottom around 486 within two weeks and briefly head up toward 535 before continuing significant downward movement. Currently Intermediate wave 1 lasted 111 trading hours. Intermediate wave 3 is somewhat on pace to finish in the same amount of time around 17 April. Extensions based on Minor wave 1's movement could put Minor wave 3's bottom around 499. Theory 2 is that Intermediate waves 1, 2 and 3 (pink) are actually waves A, B, and C (white) in a short-term corrective wave. This would mean this symbol returns to all-time highs around the fall of 2025. Theory 3 places the stock in the third wave about to finish a wave A down over the next two months. Wave B up would last a few months before wave C takes the market to a bottom sometime around the end of 2025. All three theories will observe the same movement over the next few weeks with a low soon and then a bounce up. Theory 2 becomes the likely winner if SPY breaks above 576.33 within the next 3 months. Theories 1 and 3 will trade the same for quite some time. I will reevaluate this ETF once Minor wave 3 finishes. It should aid in providing a better bottom for Intermediate wave 3 in the next two weeks.
AMEX:SPYShort
by StockSignaler
More Downside For AMZN Before CrossroadsMy overall thesis is we are in the very early stages of a multi-year decline ultimately with the S&P 500 below 3500. I am estimating this symbol to be in wave position SuperCycle 2, Cycle A, Primary 1, Intermediate 3 (pink), Minor 3 (yellow), Minute 5(green). I originally had this symbol nearly complete with Primary wave 1, but the continued declines received significant wave 3 of 3 of 3 signals (pink lines in bottom chart band). It is still unclear if we are in my theoretical larger decline or if we are in a simple corrective wave. It will take at least another two months to likely achieve the answer. Theory 1 is my hypothesis where we are about to finish Minor wave 3 in Intermediate wave 3 in Primary wave 1 in a multi-year market correction. This would see AMZN bottom around 148-156 within two weeks and briefly head up toward 180 before continuing significant downward movement. Currently Intermediate wave 1 lasted 201 trading hours. Based on the breakneck pace of Intermediate wave 3, it may finish well before the 201st hour on 5 May. Extensions based on Minor wave 1's movement could put Minor wave 3's bottom around 162.59. Theory 2 is that Intermediate waves 1, 2 and 3 (pink) are actually waves A, B, and C (white) in a short-term corrective wave. This would mean this symbol returns to all-time highs around the fall of 2025. Theory 3 places the stock in the third wave about to finish a wave A down. Wave B up would last a few months before wave C takes the market to a bottom sometime around the end of 2025. All three theories will observe the same movement over the next few weeks with a low soon and then a bounce up. Theory 2 becomes the likely winner if AMZN breaks above 206.21 within the next 2 months. Theories 1 and 3 will trade the same for quite some time. I will reevaluate this stock once Minor wave 3 finishes. It should aid in providing a better bottom for Intermediate wave 3 in the next week or two.
NASDAQ:AMZNShort
by StockSignaler
S&P 500 to tank to 5,100 pointsPEPPERSTONE:US500 The S&P 500 broke below critical support after Trump announce massive tariffs on everyone, worst than expected. Volume is increasing to the downside, and it looks like the next wave down has already started. Wave C is supposed to be equal or larger than wave A, and reach the next critical support, which will lead us to 5,100 points in the next couple of weeks. I heard that net tariffs on China are 54%, does than means that iPhones are going to rise in price 54%? Maybe it will be reconsidered later, and the market will bounce in the future, but not likely in the short term. Good luck to you
PEPPERSTONE:US500Short
by Raul_Dominguez
SOLUSDT | Elliott Wave Projection – Next big Move Incoming 50%+BINANCE:SOLUSDT The chart is probably currently developing a five-wave impulsive structure (1)-(2)-(3)-(4)-(5), suggesting a potential bullish movement towards the 174-175 USD resistance zone before a larger correction unfolds. 📈 Bullish Setup: - A corrective A-B-C structure seems complete, with a potential impulsive wave (1)-(5) forming. - Price is reacting at a strong demand zone, initiating Wave (1) upwards. - Possible target for Wave (5) lies near **174-175 USD**. 📉 Bearish Continuation Afterwards - After reaching the projected high, expect a sharp rejection and reversal. - The final bearish target lies within the "End of Bear" zone (~108-109 USD). --- ### 🔹 Key Levels to Watch: ✅ First Bullish Target: ~174-175 USD ⚠️ Critical Support Zone: 108-109 USD --- ### 📌 **Trading Plan:** 1️⃣ Long Opportunity: If price respects the current support, target Wave (3)-(5) completion near 174 USD. 2️⃣ Short Confirmation: If price rejects at resistance, a larger bearish wave is expected. 3️⃣ Final Bear Target: 108-109 USD zone for possible long-term support. 🚨 Risk Management: - Stop-loss below 111 USD for longs. - Wait for confirmation before shorting after rejection. 💬 What do you think? Will SOL hit 175 USD before the final drop? Comment below!
Long
by ElliotXSolana
Nasdaq Long: Ending DiagonalHi, I made an update 3 hours ago regarding reducing short position and staying neutral because of wave 4. However, it seems like wave 5 of 3 extended and is now showing me an ending diagonal. This changes the assessment from neutral to long as ending diagonal are usually swift and sharp move reversals. Take note that the last wave of the ending diagonal might itself be an ending diagonal. So my suggestion is to scale in the long and give a slightly wider stop below the lower trendline. Good luck!
OANDA:NAS100USDLong
by yuchaosng
1
QQQ: Tariff ReactionNASDAQ:QQQ As China strikes back with a 34% tariff on U.S. goods starting April 10, the global trade landscape could see some serious turbulence. This follows Trump's tariff moves, and the market's already feeling it: QQQ’s daily chart shows capitulation volume on the table, suggesting a potential bounce— IF tariffs ease. But until these trade tensions subside, it's likely to be a rocky ride. Tariffs push prices up, inflation lingers, and the Fed finds itself boxed in. The outcome? A market crash, recession, and stagflation—yet, there's still hope for a bounce, depending on how these factors play out. Manage the levels with us at ChartsCoach.
NASDAQ:QQQ
by KobesyTrades
NKE: Macro structure [Monthly time frame]Price reached the top of the macro support: 56-27. The correction from Nov'21 top has a picture perfect three-wave structure that has reached area of an ideal extension to finish itself (60-44 support). Although, within the context of todays market uncertainty, recovery from this support zone, might still be a larger bounce before one more leg-down deeper into macro support Best of trading and investing decision and thank you for you attention!
NYSE:NKE
by artemfedorov
Nasdaq Elliott Wave Update on Short Position ManagementIn this video, I go through exactly how I plotted the wave counts that I published on 3rd April (linked to this idea). I also show how to estimate price target using support and Fibonacci extensions. Lastly, I talk about trading productivity again and why I recommend to take out some of your short position. There are 3 main reasons: 1. We have completed wave 3 of 3 and is now going into wave 4 (and wave 4 are notorious for being unpredictable and may even have triple combinations). 2. We are what? 80% in the money and it happens very fast. So productivity wise, it is good to take some money off the table. 3. Weekend risk. I am putting this idea as "Neutral" even though I am still expecting a wave 5 down. Reason is because we are in wave 4, and also because I pray that I can find time to update again when wave 4 ends and wave 5 of 3 starts. Good luck!
OANDA:NAS100USD
by yuchaosng
3
Using Fibonacci/Measured Moves To Understand Price TargetThis video is really an answer to a question from a subscriber. Can the SPY/QQQ move downward to touch COVID levels (pre-COVID High or COVID Low). The answer is YES, it could move down far enough to touch the pre-COVID highs or COVID lows, but that would represent a very big BREAKDOWN of Fibonacci/ElliotWave price structure. In other words, a breakdown of that magnitude would mean the markets have moved into a decidedly BEARISH trend and have broken the opportunity to potentially move substantially higher in 2025-2026 and beyond (at least for a while). Price structure if very important to understand. Measured moves happen all the time. They are part of Fibonacci Price Theory, Elliot Wave, and many of my proprietary price patterns. Think of Measured Moves like waves on a beach. There are bigger waves, middle waves, smaller waves, and minute waves. They are all waves. But their size, magnitude, strength vary. That is kind of what we are trying to measure using Fibonacci and Measured Move structures. Watch this video. Tell me if you can see how these Measured Moves work and how to apply Fibonacci structure to them. This is really the BASICS of price structure. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
NASDAQ:QQQEducation
by BradMatheny
1
Bitcoin Faces a "Resistance Lines WALL" – Breakout or Breakdown?Bitcoin ( BINANCE:BTCUSDT ) started to rise as I expected in my previous post and hit all targets . Will Bitcoin continue the upward trend of the past two days!? Please stay with me. First of all, I have to say that Bitcoin is facing a Wall of Resistance lines ( intersection of at least 4 Resistance lines ). Do you think Bitcoin can easily break these resistance lines with a single attack? Bitcoin is trading near the Resistance zone($87,520_$85,840) , Potential Reversal Zone(PRZ) , and a Series of Resistance lines . In terms of the Elliott Wave theory , Bitcoin appears to have completed Corrective waves . The corrective wave structure in the Ascending Channel is a Double Three Correction(WXY) . I expect Bitcoin to drop to $85,000 in the first step in the coming hours. The Second target is $84,333 , and if the Support zone($84,430_$83,170) is broken, we should wait for the CME Gap($80,760_$80,380) to fill. Do you think Bitcoin can break the wall of the Resistance lines, or will it start declining again? Note: Donald Trump's speeches over the next hours could also affect the market, so trade a little more cautiously during this hour. Trump’s Speech & Potential Tariffs In today’s speech, Trump is expected to discuss new tariffs on imports from China, Mexico, and Canada, possibly ranging from 20-25%. If confirmed, this could impact global markets, strengthen the USD, and increase economic uncertainty. Note: If Bitcoin touches $89,000, we should most likely expect more pumping. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 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 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
32
Gold’s Rally Pauses – Correction Incoming!!!Gold ( OANDA:XAUUSD ) started to correct at the Potential Reversal Zone(PRZ) and near the upper line of the Ascending Channel . The question is, will we have a minor correction or a major correction(main)? Gold is moving near Resistance lines and Fibonacci levels and was able to breaks the Uptrend lines . I view the upward movement of the last few hours as an upward correction , which will likely cause gold to fall again. In terms of Elliott waves , it looks like Gold has completed a major wave 5 and I expect Gold to start a major corrective wave . In Gold's history , major impulse waves have completed precisely near the upper lines of ascending channels . I expect Gold to decline at least to the Support zone($3,100-$3,085) , if gold can break the lower line of the ascending channel, we can be more confident that we are in the main corrective waves . Do you think Gold can create a new All-Time High(ATH) again? Note: If Gold goes above $3,130, we can expect more pumps and a new All-Time High(ATH). 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
10
S&P 500 - Elliott Wave Bearish BreakdownThis S&P 500 E-mini Futures (ES) daily chart highlights a potential bearish Elliott Wave structure following rejection from a key resistance zone. - The market encountered strong resistance near the 5,600 level, leading to a sharp decline. - A five-wave impulsive bearish structure appears to be forming, with Waves (1) and (2) already completed. - If this pattern continues, Waves (3), (4), and (5) could drive prices lower, targeting key support levels in the coming weeks. Traders should watch for confirmation of Wave (3) acceleration, as it is typically the strongest wave in an impulse. A break below recent lows could confirm further downside, while a strong bounce from lower levels may indicate a correction or trend reversal. Risk management remains crucial, as volatility can increase during corrective and impulsive waves. Keep an eye on macroeconomic factors and technical confluences for additional confirmation.
CME_MINI:ES1!Short
by wdstrades
17
“Weak Demand Signals Potential for a Lower Low”Currently, the position of NCF1! or Newcastle Coal is within wave 5 of wave (C) of wave , indicating that Newcastle Coal remains vulnerable to further corrections toward the 86.55–96.15 range, as represented by the black labels. A similar pattern is observed in the red labels, where Newcastle Coal is also nearing the completion of wave (5) of wave . We observe continued pressure on coal demand due to weak consumption and oversupply, as many countries are increasingly investing in renewable energy sources amid slower global economic growth.
ICEEUR:NCF1!Short
by herdityawicaksana