GBPJPY BullishAfter exiting a correction, the first impulse (Wave 1) appears. I expect a retracement of at least 50% of the Fibonacci.
Elliott Wave
C98USDT – Potential Impulse Wave 3 in Progress? | Elliott WaveHello traders! 🚀
Sharing a fresh Elliott Wave setup I'm currently monitoring on C98USDT (4H TF). The price structure is unfolding clearly and may be in the early phase of a classic 5-wave impulse.
After an impulsive move up completing Wave (1), the market corrected in a textbook ABC pattern down into a key demand zone, finishing Wave (2). We’re now seeing strong bullish momentum suggesting the beginning of Wave (3) – the longest and most aggressive wave in Elliott theory. ⚡
Trade Setup:
🟢 Entry Zone: 0.043 – 0.046
🔴 Stop Loss: 0.03913
🎯 Target Price: 0.05955
💡 Note: Always manage your risk and confirm with your own analysis before entering any trade.
Let me know your thoughts and wave count below! 👇
Happy trading! 🚀
NuScale Power strong setup formingI believe SMR is set for long rise as strong impulse will continue. This idea, of course, will take some time before we see double and triple price from now ($36). I expect swings up and down within a few weeks before trend up resumes.
Now to EW analysis. Price completed purple wave (3) of green (1) which is a part of black wave (iii). So now I expect it to go down around 38% to 68% of purple (3) and will accumulate.
Then is shall take some time for green (1) and then (2) to complete. Here we might have significant price drop with the count invalidation level at around $11.2. I don't expect this however EW rules allow to have it. Once green wave (2) is completed, the stock will fly.
SMR is an innovative manufacturer of small nuclear modular reactors. It is the only one which got the license from US nuclear authorities in this field. They do much work to install first reactors by 2030 for the first customers.
In general, data centres and progressing AI boom will be in need for energy and together with policies being shifted away from solar/wind as the only green clean energy, reliable energy sources might be long-term winners.
Currently, the company holds strong balance sheet and makes little money however work towards strengthen legal position and get contracts.
I plan to accumulate sizeable amount during upcoming volatility to build long position.
Gold is Nearing an Important Support AreaHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 3,340 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 3,340 support and resistance area.
Trade safe, Joe.
US30 Potential UpsidesHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 44,230 zone, Dow Jones is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 44,230 support and resistance area.
Trade safe, Joe.
Elliott Wave Analysis: Potential Correction AheadThe overarching 5-wave structure from January 9, 2025, to today is nearing completion. We are currently in Wave 5, with the subordinate Wave 3 in progress. Within this, the sub-subordinate Wave 5 is just starting. Once the overarching Wave 5 concludes, expect a multi-week correction. The correction is projected to target levels between 1.1173 and 1.075.
$RIOT Continues to Follow PathNASDAQ:RIOT Is sticking closely to the plan testing the bottom and top of the channel multiple times.
Price closing above the weekly 200EMA and weekly pivot Friday will be a very bullish signal. As we have over 4 tests of the upper boundary resistance there is a high probability we break through and continue higher in a high degree wave 3.
Initial targets are the weekly R5 pivot at $39 and all time high at range at $79.
Price tested the .618 Fibonnaci retracement in a complex correction for wave 2.
Analysis is invalidated below the channel support.
Safe trading
EURUSD D1 & H4 (Wave Analysis) Update 3/7/2025EURUSD D1 & H4 (Wave Analysis) Update 3/7/2025
See the Chart
$MSTR Megatrend Continuation?NASDAQ:MSTR is market leader in the CRYPTOCAP:BTC strategic reserves strategy and has set the benchmark.
After a nearly 20x rally profit take is exceptive, price has held up extremely well through the last 6 months only dropping to the .236 Fibonacci retracement and weekly pivot. As Bitcoin continues into price discovery expect the MSTR rally to continue with renewed tailwinds.
It is an extremely hated stock as well as its collection of yield baring derivatives. The keeps the social mood / sentiment low which could prove further tailwind for growth.
I am looking at a terminal target this cycle of around $1500 at the R5 weekly pivot.
Safe trading
$WULF Critical Resistance!NASDAQ:WULF has had a great come back but has just hit a triple sword resistance: weekly 200EMA, weekly pivot and High Volume Node where I expect it to struggle for a while!
Are CRYPTOCAP:BTC miners the new altcoins?
Bullish continuation through these resistances will flip them to support and demonstrate fundamental resilience on an improving macro economic background overcoming technical analysis.
Long term tailwind potential can be as high a10x from here but more realistic targets are the R3 weekly pivot $17 and R5 weekly pivot at $25.
Analysis is invalidated below the high degree wave (4) of a leading (or ending) diagonal Elliot Wave pattern.
Safe trading
$JSESOL - Sasol: 5301 cps The Key Level To WatchTrade summary:
The major correction from 43860 cps has seen the share price decline by 87.91%.
The decline traced out a zigzag pattern and has potentially bottomed at 5301 cps, which is the key invalidation level.
The bounce from 5301 can be labelled as a five-wave advance when looked at in the daily timeframe.
Any retracement must hold above 5301 cps for the bullish outlook to remain valid.
$IREN Killing It. More Upside?NASDAQ:IREN has poked above the true all time high range (Launch price dump excluded) in a high degree Elliot wave 3
Long term target remains the R5 weekly pivot at $40 but may over extend with a bullish Bitcoin and Macro economic tailwind, coupled with AI growth.
Many thought this was a greedy target at $5 but now that price is $16 it doesn't look so bad. You have to know when to let the runners run, that is were the big bucks are trading!
Any retracement of a decent degree should expect to find support at the weekly pivot $9.4 before continuing upwards and may present an excellent buying opportunity! I will be posting the signal levels on Substack.
As always ,all time high range will be the next support if price continues upwards from here.
Safe trading
$IREN Killing It. More Upside?NASDAQ:IREN has poked above the true all time high range (Launch price dump excluded) in a high degree Elliot wave 3
Long term target remains the R5 weekly pivot at $40 but may over extend with a bullish Bitcoin and Macro economic tailwind, coupled with AI growth.
Many thought this was a greedy target at $5 but now that price is $16 it doesn't look so bad. You have to know when to let the runners run, that is were the big bucks are trading!
Any retracement of a decent degree should expect to find support at the weekly pivot $9.4 before continuing upwards and may present an excellent buying opportunity! I will be posting the signal levels on Substack.
As always ,all time high range will be the next support if price continues upwards from here.
Safe trading
GBPUSD swing shortKeeping yesterday long open after taking profit setting limits for short swing on GPBUSD with fraction of profits of yesterday, price did close above weekly high so caution advised
Crypto Market Completes A Correction Within Bullish TrendGood morning Crypto traders! We got a nice bounce and recovery in the Crypto market along with stock market rally after US President Donald Trump announced that Iran and Israel had agreed to a ceasefire, calling the conflict “The 12-Day War.”. Crypto TOTAL market cap chart now shows that correction is completed, support is in place and bulls back, so more upside can be seen in upcoming days/weeks, just be aware of short-term intraday pullbacks.
Gold (XAUUSD) H1 & M15 - Update 3/7/2025Gold (XAUUSD) H1 & M15 - Update 3/7/2025
there are 3 scenarios
$TSLA Time to Fade or..?NASDAQ:TSLA (like NASDAQ:GOOG ) is standing out to me as bullish, yet, corrective Elliot Waves a higher degree series of ABCs appear to be underway.
A final wave C appears to be underway which would take price too all time highs in an expanded flat correction pattern. My count could be wrong and the interference could be from the increase it sentiment volatility connected to the US headlines lately and Trump posting on socials. Things may get back to normal after the summer and a clearer pattern may emerge.
Price is struggling to get past the weekly pivot point bullishly or the weekly 200EMS bearishly and is trapped within that range.
For now long term target is the R2 daily pivot at $693 as the higher probability is continued upside
Safe trading
$SPX500 Most Hated Rally to Continue?FOREXCOM:SPX500 continues into price discovery suggesting a wave (3) is still underway but nearing a its minimum target of the 1.618 Fibonacci extension target $6310. Overextension of this target will demonstrate an even stronger bullish outlook.
Long term terminal targets remains above $7000 for me.
A short term pull back is a high probability but markets can stay irrational longer than participants can stay liquid.
Safe trading
Gold Breakout Retest – Will PRZ Trigger the Next Rally?Gold ( OANDA:XAUUSD ) attacked the Resistance lines and Resistance zone($3,350-$3,326) as I expected in yesterday's idea .
Gold seems to have broken the Resistance zone($3,350-$3,326) and Resistance lines and is pulling back to this zone.
In terms of Elliott Wave theory , Gold appears to have completed wave 3 and is currently completing wave 4 .
I expect Gold to have a chance to rise back to the Resistance zone($3,394-$3,366) after entering the Potential Reversal Zone(PRZ) .
Note: Stop Loss (SL) = $3,297=Worst SL
Gold Analyze (XAUUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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$AAVE Going Through a Major Bullish Trend Shift!CRYPTOCAP:AAVE continues to outperform on pumps and retracements this cycle after being beaten down for many years!
Price consolidated below the weekly pivot and found support, only retracing to the .618 Fibs.
Wave 3 of iii pf a new Elliot Motif Wave looks well underway with the next price target being the R1 weekly pivot High Volume Node at $448.
Long term outlooks is very bullish for AAVE with a terminal target of the R5 weekly pivot £1155
Safe trading
GOLD → Attempt to consolidate above 3350 for growth to 3400FX:XAUUSD , after retesting resistance at 3347, is breaking through the key level, while bulls are trying to hold their ground above support. There is potential for growth to 3400.
Gold retreated from its weekly high of $3366 ahead of key US employment data (NFP), which could set a new direction for the movement. But technically, this looks like a correction to consolidate above the level before continuing to rise. After three days of growth, the price faced selling amid a recovery in the dollar and profit-taking. Weak employment data (especially below 100,000) could reinforce expectations of a Fed rate cut as early as July and support gold. Conversely, a strong report will strengthen the dollar and put pressure on the metal. The market is bracing for high volatility
Resistance levels: 3363, 3393, 3400
Support levels: 3347, 3336, 3311
The price has entered a new range of 3345-3400. Consolidation is forming above the support level before a possible rise. I do not rule out another retest of 3345-3336 (liquidity zone) before realization and a rally to 3400.
Best regards, R. Linda!
$BTC Weekly Continues to follow the script!BTC appears to have completed a shallow wave 2 retracement showing investor excitement and demand - They just can't wait to buy some!
New all time highs are expected this week (perhaps today) once the High Volume Node resistance we are currently at is overcome (obviously).
Wave 3 has an expected target of the R3 pivot $190k but i am expecting price to overextend this cycle to at least the R4 pivot at $233k.
Safe trading
$ETH Wave 3 of 3 Underway?CRYPTOCAP:ETH is back into the range EQ as alt coins pump on the back of CRYPTOCAP:BTC breakout
Price caught a strong bid after testing quadruple support: the major High Volume Node (HVN), daily 200EMA, 0.5 Fibonacci Retracement and daily S1 Pivot. Last week I posted about this area holding to kick off wave 3.
There is still work to do to overcome the recent swing high at HVN major resistance but things are certainly looking bullish. The daily pivot point sits at $3150 as the next target.
Long term terminal target for wave 3 is still the R4 daily pivot at $7340, I don't expect the terminal wave 5 to extend much beyond this, perhaps a wick above to trap retail at the top with a lot of media hype attached.
Analysis is invalidated if we fall below wave (2) swing low $2050.
Safe trading
