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Elliott Wave

Reliance Industries: Case of Ending DiagonalTheory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1. Properties Of Diagonals: Diagonals can be contracting or expanding type being expanding diagonal a rare one. In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2. In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2. Types Of Diagonals: LEADING DIAGONAL ENDING DIAGONAL LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal has began. (generally it retrace back to the wave-2 of the diagonal structure) TRADING PLAN: Stock is likely to hold above 1156 on any weakness and recover towards 1290-1300 in the coming days and weeks ahead.
NSE:RELIANCELong
by TradingSutra
EURCAD Wave Analysis – 6 March 2025 - EURCAD broke multi-year resistance 1.5100 - Likely to rise to resistance level 1.5770 EURCAD currency pair is rising sharply after the earlier breakout of the powerful multi-year resistance 1.5100, which has stopped all upward impulses from the start of 2021. The breakout of the resistance 1.5100 accelerated the short-term impulse wave 3 of the longer-term upward impulse sequence (3) from the end of 2024. Given the clear multiyear uptrend, EURCAD currency pair can be expected to rise to the next resistance level 1.5770, the former major price barrier from 2020 and the target for the completion of the active weekly impulse wave 3.
Long
by FxProGlobal
Back to 0.50?The next important NZD/USD data to watch will be published tomorrow when the US publishes its initial jobless claims. Is expected to show that a forecast from 242 k to 222k, which can be positive for the dollar index. The Fed will, therefore, maintain its hawkish view if these numbers are correct since they will signal that prices remain significantly high. There are other inflationary risks ahead. Donald Trump has pledged to impose new and bigger tariffs from top countries. On top of this, he is deporting millions of undocumented migrants, many who work in industries like construction and agriculture. All these factors explain why US bond yields have rocketed to the highest level in two years, with the 30-year moving to 5%. On the other hand, the RBNZ has continued to cut interest rates, and analysts expect the trend to continue in the coming months. It slashed them from last year’s high of 5.50% to the current 4.25%. As such, the local currency has fallen as the divergence between the Fed and the RBNZ continues. Technically, we broke a converging triangle last December, with can lead us to further decline, possibly to the monthly bullish order block at 0.49690. This will complete wave y of superior Y.
Short
by TRADINGACPVIP
AAX recalculate wave - current is wave 2wave 2 and it retraces to 0.786, quite deep retracement provides excellent risk and reward ratio the wave will be invalid if current price managed to break support of rm1.28 Current price around 1.52-1.53 MYR with sell/buy buttons visible Multiple buy and sell signals marked throughout the chart A downward trend followed by consolidation and potential reversal pattern Support and resistance levels marked (including 1.71 level) Elliott Wave counting visible with numbered points (1-5) Moving averages (multiple colored lines) showing trend direction Volume indicators at the bottom of the chart Time frame appears to be 1-day (1D) chart showing data from 2023-2025 The chart suggests analysts are projecting a potential upward movement after the current price consolidation, with targets marked significantly higher than current levels. Recent price action shows the stock is trading near support levels after a period of decline.
MYX:AAXLong
by pengamalgelombang
Subwave 4 not completed?Strong recovery in global economies along with geopolitical stability may reduce gold's demand. Lastly, increasing interest in alternative assets, (like cryptocurrencies or other commodities) could lead to a decline in gold's perceived value. When interest rates rise, gold demand may fall. This relationship becomes particularly important during periods of high inflation. If rates lag behind inflation, creating negative real interest rates, gold often benefits as investors seek to preserve purchasing power. Higher interest rates and a stronger dollar make gold less attractive since the yellow metal doesn't generate ongoing income like interest or dividends. Growing optimism in the stock markets has also triggered outflows from gold ETFs, increasing selling pressure on the gold market. Gold prices fell over 1% on Friday as the dollar held close to two-week highs after U.S. inflation data came in line with expectations, suggesting the Federal Reserve may adopt a cautious stance on additional rate cuts. Today, a strong pullback reach 2914 resistance area, by reaction to 200 Moving average support. We might be doing a Flag and pole pattern, and TP is about 4 hour order block. There we can complete subway 4.
OANDA:XAUUSD
by TRADINGACPVIP
Natural Gas, BullishThe chart suggests an Elliott Wave pattern of an impulsive structure currently in Wave 3. The projection indicates that Wave (3) is in play to 5.37$, with a possible retracement for Wave (4) to 4.8-5 before a continuation toward Wave (5). The breakout is supported by increasing momentum and volume, indicating strong bullish sentiment. Potential resistance around Wave (5) target zone about 10$. Note that the continuation of the Russia- Ukraine war could act as the catalyst to this trend.
CAPITALCOM:NATURALGASLong
by Mostafa-Mir
1
Gold - Short and Long Term Trading Idea - 24 Feb 25In the beginning of the last week of February, we expecting Gold to decline. There are several factors on small time frames, but also appear signs on larger time frames. In fact it is difficult to predict an asset when it discovers new higher highs, but there are methods to determine the turning points. In past few weeks we expected price to close down to psychological level of $3'000 and it is close, but we don't expect to reach it. So in this case we enter in short positions with long term swing target of over $200. We publish 2 trading ideas in one: one is more intraday, another one is long term swing trading idea.
PEPPERSTONE:XAUUSDShort
by TradingTie
LTCUSDT on the Edge – Major Breakdown or Fakeout?Yello, Paradisers! Is LTCUSDT on the verge of a major drop? The signs are stacking up, and if you’re not watching closely, you could miss a big move. 💎Right now, LTCUSDT is looking bearish as it forms an M-pattern near the resistance trendline of a descending channel. At the same time, a bearish divergence is confirming the weakness in momentum. On top of that, we’re seeing a triple-three wave pattern playing out, which further increases the probability of a downside move. All these signals combined suggest that sellers are gaining control. 💎If LTCUSDT breaks down and closes candle below the support level, the M-pattern will be validated, opening the door for a significant move lower. 💎However, if the price consolidates around this level without breaking down, the setup loses its strength, and in that case, it’s best to ignore it as a low-probability trade. 💎On the flip side, if LTCUSDT manages to break out and close candle above the resistance zone, the entire bearish outlook would be invalidated. In that scenario, waiting for fresh price action before making any moves would be the smartest approach. 🎖 Discipline and patience separate the pros from the amateurs. Stay sharp, Paradisers—trade only high-probability setups, and you’ll always stay ahead of the game! MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
14
MATIC / USD [Polygon] EWP TC FIB ANALYSIS WEEKLY TFElliott Wave Analysis for MATIC/USD (Polygon) 1W Time Frame Chart The chart presents a detailed Elliott Wave analysis with corrective patterns, Fibonacci levels, and a long-term price projection. MATIC is currently in a final corrective phase (Wave C of an ABC correction) within a descending channel. A potential bottom formation near the 0.618–0.65 Fibonacci retracement level (~$0.19 - $0.22) suggests a possible trend reversal. (Strong support zone) The RSI (Relative Strength Index) is in the oversold zone, indicating that selling pressure may be exhausting. The previous bullish impulse (Wave (5)) ended around $2.75 This was followed by an WXY corrective multi zigzag, which appears to be reaching its final stage. The chart suggests that Wave (C) of the correction is nearing completion. Bearish Scenario: If the $0.19 - $0.22 support fails, further downside towards $0.10 - $0.05 is possible. However, this scenario would likely require a broader crypto market downturn. Conclusion: Potential Long-Term Trend Reversal The current zone suggests a possible bottom formation, which could lead to a new bullish cycle. A breakout above $0.42 - $0.50 with strong volume would confirm the trend reversal. Traders might consider accumulation in this range with a stop-loss below $0.17. Overall Outlook: Bullish mid-term outlook once the bottom is confirmed.
CRYPTO:MATICUSDLong
by Anakyn
Bitcoin & Trump Effect: A Short-Term Pump or Sustainable Rally?Bitcoin ( CRYPTO:BTCUSD ) started to rise as I expected in the previous post , but Donald Trump helped double the momentum of Bitcoin yesterday. But the question here is whether the correction of Bitcoin is over or if this is an increase in the chance of exit. Bitcoin is trying to break the Heavy Resistance zone($93,300_$89,250) . According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing wave 4 and we should wait for wave 5 . Note : Due to the high momentum of wave 3, it is possible that wave 5 is a truncated wave. I expect Bitcoin to rise to at least $95,000 in the coming hours. The next target of Bitcoin can be Resistance lines and 100_SMA(Daily) . What do you think about Bitcoin movement? Time to escape or wait for a new All-Time High(ATH) to be created? Note: If Bitcoin goes below $89,000, we can expect Bitcoin to decline and the big CME Gap($91,610-$84,830) to be filled. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. B e 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.
Long
by pejman_zwin
21
Silver Analysis – Elliott Wave (4H & Mid-Term)Silver is currently in a downward wave, potentially forming a five-wave decline. Right now, it is in a Wave 4 correction, with the 31.700 – 32.000 zone acting as key resistance. 🔄 Once the consolidation phase ends, we expect a continuation towards Wave 5, targeting the 30.500 – 30.100 range. 🎯 In the higher time frame, the 32.500 level remains the main resistance. 🔥 #Silver #ElliottWave #Trading #TechnicalAnalysis
OANDA:XAGUSDShort
by Elliottwaveofficial
1