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Elliott Wave

$SPY February 11, 2025AMEX:SPY February 11, 2025 15 Minutes. AMEX:SPY faced resistance around 604-605 levels being 61.8% retracement number. We have 3 values. The rise from 600.05 to 605.5 The last rise from 603.21 to 605.5 And the fib extension 600.05 to 605.36 to 603.21 For the first rise important to hold 602 levels to continue uptrend. For the second number being the latest rise must hold today 604 levels. A close below 604 will be supported by 602 levels. So not a day to short. If we take the extension move, we have targets between 606 to 608 today. Once 608 is broken and held at least 15 minutes the target will be 611-612 levels.
AMEX:SPYLong
by RiderTrader
1
Tesla ($TSLA) Elliott Wave Analysis – Expanded Flat to $70Expanded Flat Pattern Wave A (2022 Crash) • Tesla dropped from ~$415 to ~$100, forming a three-wave (ABC) decline. • This marked the first phase of the Expanded Flat. Wave B (2023-2024 Rally) • Tesla rebounded strongly to ~$360-$400, retracing about 61.8% of Wave A. • Then overshoot beyond Wave A’s starting level confirms an Expanded Flat structure. Wave C (2024-2026 Expected) – $70 Target • Now unfolding as a five-wave impulse down. • Target zone: Primary $70 (0.618 Fib retracement) Short-Term Bearish Outlook – Wave C Down to $70 • Tesla is in Wave C, meaning more downside is ahead. • Breaking below $150 will confirm a deep drop to $70 • The final phase of selling will likely coincide with macro weakness (recession etc.). Long-Term Bullish Setup • Once Wave C completes at $70, Tesla should start a new impulse wave. • Target for next bull run: $800+. • Best strategy: Accumulate Tesla below $100 for long-term gains.
NASDAQ:TSLAShort
by Anakyn
Gold Wave Analysis – 10 February 2025 - Gold broke resistance area - Likely to rise to resistance level 2950.00 Gold continues to rise strongly after the earlier breakout of the resistance area located between the key resistance level 2878.00 (which stopped the price at the start of February) and the resistance trendline of the daily up channel from the start of this year. The breakout of this resistance area accelerated the active short-term impulse wave 3 of the higher-order impulse wave (3). Given the strong uptrend that can be seen on the daily and the weekly charts, Gold can be expected to rise to the next resistance level 2950.00, target price for the completion of the active impulse sequence (3).
FX_IDC:XAUUSDLong
by FxProGlobal
SOL About to EXPLODE? Key Pattern Signals a Massive Move!Yello, Paradisers! Is SOLUSDT gearing up for a breakout, or will the market shake out weak hands before the real move? Let’s break it down! 💎SOLUSDT has completed a triple zig-zag pattern, which significantly increases the probability of a bullish move. This structure often marks the end of corrective phases, setting the stage for a strong reversal. 💎Adding to the bullish case, SOL has broken out of a falling wedge pattern—a textbook bullish reversal signal. However, to manage risk effectively, scaling into positions rather than entering all at once is the smarter play. 💎Further confluence comes from a bullish divergence, reinforcing the likelihood of upward momentum. That said, we could still see some consolidation or even a liquidity grab before the next major move. If SOL sweeps the lows for inducement and then prints a bullish I-CHoCH (Internal Change of Character), that would present a high-probability, low-risk entry. 💎However, if SOL breaks down and closes candle below the support zone, it would invalidate this bullish setup. In that case, the best approach would be to stay patient and wait for clearer price action before taking any new positions. 🎖 The market rewards patience and precision. Let the liquidity games play out, and only strike when the setup is at its highest probability. Trade smart, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
MTF Short Idea for BTCBefore we see a final wave up to new ATH's, I think we see one more push down closer to the lows of the recent liquidation candle. Price has been moving within this predictive channel and while I don't think it's high probability we hit then bottom of it, I think using it is a nice way to contain price action for now and use it to establish a reasonable target for profits around the middle of the channel. Since the most recent local lows around 95.6k, price has been following this upwards arcing price action. From my experience these tend to end in impulsive moves upwards, leaving behind limited structure to fall back on safely. I would like to see price impulse up, sweep the local highs around 99.1k, break the arcing support it has been creating and retrace back into the descending channel. I would also like to see high delta and trapped buying above those highs at 99.1k for additional confluence. It's very important for me to see price retrace back into the descending channel before entering. If we sweep the highs but don't retrace back into the descending channel then it may be flipped as support and at that point I would reconsider my stance on needing a bigger retrace towards the lows of the liquidation candle before beginning a new wave to ATHs. Enjoy!
BINANCE:BTCUSD.PShort
by Back2Baseline
2
GOLD → The northbound train continues to make its way to 3KFX:XAUUSD continues its aggressive rally. The reasons for growth are the same as before - high economic risks. The price is getting closer and closer to the cherished goal of $3000. Gold exceeded $2,850 at the beginning of the week in the U.S., but its growth is limited by the strengthening of the dollar due to increased trade risks.Trump announced new 25% tariffs on imports of steel and aluminum. Gold is further supported by rising PBOC reserves and expectations of stimulus from China. However, the dollar may continue to strengthen ahead of US inflation data, limiting gold gains. Expectations of a dovish Fed and trade risks will help contain gold's decline. Technically, the next two levels are important for us: the psychological level of 2900 and the key support of 2882. Resistance levels: 2900 (not confirmed) Support levels: 2882, 2870, 2855 The bulls can consolidate above 2900 without a pullback and continue the rally, but the most likely scenario is a false break of 2900, correction to 2882 to accumulate liquidity before continuing the rally northward Regards R. Linda!
FX:XAUUSDLong
by RLinda
4
Is Tata Motors Ready for a Bullish Reversal?Timeframe: Daily Tata Motors (NSE) has been in an expanded flat correction pattern for the past 11 months. In this pattern, the highest high (HH) was 1179, and the lowest low (LL) was 683.2. Currently, the price is trading below the 200, 100, and 50 EMA levels, indicating a bearish trend. In this expanded flat correction: Wave (A) completed at 855.4, Wave (B) peaked at 1179, Sub-wave 4 of Wave (C) touched 786.65, Sub-wave 5 is now unfolding. Once Wave 5 is completed, traders can look for buying opportunities with target levels at 799 – 951 – 1050+. First, it’s crucial to identify the end of Wave (C) to confirm the correction’s completion and a bullish reversal. Projecting ending point of wave (C): Wave (C) may end at 2.618% of Wave (A) around 628.7. Wave 5 has multiple potential targets/support levels: 0.618 extension of Wave 1 at 526, 0.382 extension of Wave 1 at 628, 1.618 reverse Fibonacci of Wave 4 at 657, 2.618 reverse Fibonacci of Wave 4 at 562. We will update further information soon.
NSE:TATAMOTORS
by forextidings
Bitcoin’s Fake Breakouts—Bears Taking Control!?Bitcoin ( BINANCE:BTCUSDT ) failed to defeat Resistance zone($100,520-$97,200) , the 50_SMA(Daily) , and the Monthly Pivot Point for the umpteenth time and even created a Fake Break . It also seems that Bitcoin has been unable to break the Resistance lines . According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing the corrective wave so that the structure of the main wave C is the Expanding Ending Diagonal . I expect Bitcoin to break the Support zone($96,520-$95,720) and touch $95,500 this time, I told you about the importance of this price in the previous post . Note: If Bitcoin can break the Resistance zone($100,520-$97,200) , the 50_SMA(Daily) , and the Monthly Pivot Point , we should expect an increase to Cumulative Short Liquidation Leverage($103,210-$102,454) . It doesn't seem reasonable for Bitcoin these days to provide a long-term or even mid-term analysis, and we need to stick to a series of resistance and support levels in order to determine the next targets. Do you agree with me? 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
28
BITCOIN → Down to $90,000. Downside risks are risingBINANCE:BTCUSD feels the change of mood and continues to form set-ups hinting at a possible continuation of the correction. Another retest of the 90K risk zone is possible. On the medium-term timeframe bitcoin failed to hold near ATH, in the upper consolidation range and entered the local selling zone, under the level of 99800. A negative note is felt in the cryptocurrency market, as well as a change in sentiment. Altcoins continue to break through bottom after bottom without any positive prospects. Bitcoin at this time is most likely resentful of the US governing apparatus due to the fact that no promises from Trump have been kept so far, and the price is moving into a protracted correction in the local perspective Briefly, here's what's going on: Expectations: Bitcoin reserve, cryptocurrency market support, transparent regulation, pumping the market ... Reality: new scam coins created before the US election that sucked all liquidity, market manipulation, trade war with almost every country on the planet, dumping the market into the abyss. Support levels: 95.8 (trigger), 91300, 90K Resistance levels: 100.2, 102.67 Technically, the situation is that bitcoin may continue its decline and test 90K again, from which the risks around 90K will grow. At the moment, the price is in consolidation between 95.8 - 100.2. A pre-breakdown consolidation is forming near the support, foreshadowing the support breakdown and further fall to 90K. But, due to the dependence of the asset before the actions of politicians in the U.S., the price may shake out to 100.2 before further falling Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
40