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Elliott Wave

XAUUSD SHORT OPPORTUNITY AROUND 3360 The chart shows everything, let me summarize: - Based on valid Elliot Wave count, it is now in the end of wave 5 of c of the B correction, heading to start a new wave C to the downside - The upward movement of the B (RIGHT NOW) lies exactly in the 61.8% Fibo from the A - It is now on the trendline!! Some see it holds perfectly as some see it is slightly broken (but no volume on it, don't worry!!) - (see the yellow area) it is an area that is strong buyer and ESPECIALLY strong seller meet. Most of the time price respects this area called supply/ demand area - An as addition, the MACD showing weakness of the trend by its BEARISH DIVERGENCE SO I AM WAITING NO MORE, I SHORT!!! Let's, go.... CHEEERRRSSSS...!!!
OANDA:XAUUSDShort
by steveivan
SEI Turns Bullish After A Zig-Zag CorrectionSEI Turns Bullish After A Zig-Zag Correction, as we see it sharply bouncing from projected support that can send the price higher by Elliott wave theory. SEI with ticker SEIUSD is waking up exactly from the channel support line and equality measurement of waves A=C, which is perfect textbook support for subwave (5) of an impulse into wave C of an ABC zig-zag correction. It's actually nicely and impulsively rising for wave 1, so after current wave 2 pullback, be aware of a bullish continuation within wave 3 of a five-wave bullish cycle, especially if breaks above 0.30 first bullish evidence level. Sei (SEI) is a high-performance Layer 1 blockchain designed specifically for decentralized finance (DeFi) and decentralized exchanges (DEXs). Launched in August 2023 by Sei Labs, it features innovations like Twin-Turbo Consensus for fast block finality, Optimistic Parallelization for high throughput, and SeiDB for efficient transaction handling. It supports EVM compatibility, enabling seamless deployment of Ethereum-based apps. The SEI token is used for transaction fees, staking, governance, and liquidity.
CRYPTO:SEIUSDLong
by ew-forecast
NIFTY50.....New high's, then correction?Hello Traders, The week started at 25,058 — the week's high — and has declined since then. It bottomed out at around 24,462. This move probably ended wave w (pink), or it could have been the entire wave iv (blue). Chart analysis: If it was all of wave iv (blue) the next move will be up to a new high in the coming week. However, a drop around the 24789 range could be possible. If thereafter a wave v (green) ends, a target area is @ 24970.50! If so to come, one target range is around the 25081 level. Here a wave v(green) of ((i)) (pink) ends! While the last move look like a "triangle" 2 in progress, it is my favorite pattern. But note! The last move, possible wave w (pink) has ended below the wave a low (not shown). That means "danger for the bears"! The bears need to watch the chart closely! If this move, though unexpected, was all of the pattern, the door should be open to new corrective lows in the coming week. Here, one price target is around the 24506 area. That would just correct a 0.618, but still possible! Another target is around 24260 area. Here wave y=w! Anyway! The targets have been set for the coming week, and we will see and watch the chart closely! Good luck to all traders! Have a great week..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
2
Next stepFrom the historical chart data, we find that there were three historical waves that fell, three historical waves that rose, and three historical waves that remained, compounded, in order for the shape to be wxy. *In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.
Short
by KhaldHegazy
Sideways - stuck in Correction of a Correction?#XRPUSDT (Ripple), 4 hour: A trend-less grind may continue before a sharp drop completes wave (C) or (Y) 📉. 🌀 Grey wave labels reflect alternative Elliott Wave counts — stay alert for both scenarios. ⚠️ Patience is the key. This calm may be the precursor to volatility. . Elliott-Waves-Pro training: rb.gy . . #Ripple #CryptoAnalysis #ElliottWave #CryptoTrading #XRPUpdate #TechnicalAnalysis #CryptoCrash #Altcoins #WaveTheory #EwticGlobal #EwticMentor
by Elliottician_SamRoy
DG Developing Impulse [LONG]1. The Big Picture: Wave Structure Down-trend Completion A five-wave decline (labelled “5” at the bottom, ≈ $69.56) finishes in early March 2025. Complex Correction (W-X-Y) From December 2024 into March 2025 the market chops out a W-X-Y sideways correction between roughly $70–83. New Uptrend (Impulse) Wave 1 up to $84.53 Wave 2 pullback into the 0.5–0.707 zone ($77.05 | 75.28 | 73.95) Wave 3 powerful thrust into the high-90s Wave 4 shallow retrace into the mid-$80s Wave 5 of 3 (current leg) pushing into the low-$100s 2. Current Position: Subwave 5 of Wave 3 Price now: $101.39 We appear to be in the 5th subwave of the larger Wave 3. That means one more small thrust higher is likely before Wave 3 completes. 3. Target Zone for Wave 3 The 1.618 × Wave 1→3 extension sits at 104.18. The grey box (~$103–$106) marks our Wave 3 target. Traders often look to take partial profits as price enters this zone. 4. Key Support / Invalidation Levels Short-term bump: 23.6% of Wave 4→5, at ≈ $100.00 Primary support: old Wave 4 high / 38.2% retracement, at ≈ $97.50 Invalidation: a clear break below $97.50 would argue that the Wave 5 advance is failing (and could reopen a deeper correction). 5. What Happens After Wave 3? Once Wave 3 tops out (~104–106), expect a Wave 4 correction of that entire impulse. Typical Wave 4 depth is 38.2% of Wave 3: that would put a pullback into roughly $90–92. After Wave 4 completes, a final Wave 5 higher would target new all-time highs. 6. Trading Plan Ideas Long exposure: add on small dips down to $100–$100.50, keep stops under $97.50. Partial profit: begin scaling out as price enters $103–$106. Watch for reversal signals (e.g. bearish divergence, high-volume down days) once inside the grey box—this will mark the end of the impulsive Wave 3. Bottom line: DG is in the late stages of a textbook Elliott-Wave 3, with one last run higher into the $104–$106 zone likely, then a healthy multi-week pullback (Wave 4) should follow. Keep your stops under $97.50 and look to lock in profits as you approach that extension target.
NYSE:DGLong
by cowboycharts
NZD/CAD - Large Timeframe breakdown for potential sell side move📉 AUD/NZD – 8H Bearish Outlook with 4D Confluence Price action has completed a clean 5-wave Elliott structure, with the final leg (Wave 5) concluding at a key weekly 71% Fibonacci retracement level — now acting as strong supply. 🔹 Liquidity Grab Complete: All buy-side liquidity above swing highs appears to have been swept, leaving price vulnerable to a deeper correction. 🔹 Break in Structure (ChoCH): A clear Change of Character (ChoCH) confirms bearish intent, and price is now showing signs of lower high formation beneath internal supply zones. 🔹 Sell Opportunity: The market is likely targeting Sell-Side Liquidity (SSL) resting beneath recent lows. Short-term rallies into minor supply may offer low-risk entries. 🎯 Final downside target: 0.78286, aligned with major structural lows. With fib rejection, Elliott wave exhaustion, and liquidity mechanics aligning — this setup offers a high-probability short scenario for experienced traders.
Short
by jamesibartram
BURL – Final Wave 5 in Rising Channel, Fake Breakout PossibleBURL has completed a full 5-wave advance within a rising channel, ending in wave (v) of C. Current price is testing the top of the channel with a minor upper wick breakout — a common occurrence in wave (5) tops. Historically, wave (5) often ends with a fake breakout above the channel, followed by a rapid breakdown through the channel base. Price has not yet broken below the lower boundary of the rising structure, which remains the key level for confirmation. The target zone for potential correction lies between $245–250, aligned with prior wave (iv) consolidation and visible support. No trade is valid until a decisive break below the rising channel. As long as the lower bound holds, the structure remains intact. Key Levels: Resistance: $272 (fake breakout zone) Support: Rising channel base (~$267) Bearish Target (after breakdown): $245–250 Conclusion: Watch for confirmation of breakdown. Fake breakouts above channel top are common in wave (5) endings. Entry valid only below lower trendline.
NYSE:BURLShort
by CakirInsights
USDCAD Wave Analysis – 23 May 2025 - USDCAD reversed from strong resistance area - Likely to fall to support level 1.3755 USDCAD currency pair recently reversed down from the strong resistance area between the round resistance level 1.4000 intersecting with the upper daily Bollinger Band and the resistance trendline of the daily down channel from March. The downward reversal from this resistance area started the C-wave of the active ABC correction (2). USDCAD currency pair can be expected to fall to the next support level 1.3755 (the former low from the start of May and the target for the completion of the active ABC correction (2)).
Short
by FxProGlobal
NZDUSD → A retest of resistance may end in a false breakout.FX:NZDUSD bounces off the upward support line and forms a distribution towards the liquidity zone located above 0.597... Strong resistance lies ahead at 0.5969 - 0.5975 (liquidity pool). If the current movement continues (distribution), the market will exhaust all its potential and the situation may end in a false breakout. There is no trend as such in the market, the price is inside the flat, and thus bearish pressure may resist the upward price movement. Resistance levels: 0.5969, 0.5974 Support levels: 0.5932, 0.5917 Against the backdrop of a falling dollar, the currency pair is likely to continue its growth and may test 0.5969 in the short term, but based on the nature of the movement, we can assume that a downward correction will follow. Best regards, R. Linda!
Short
by RLinda
5
GOLD → Consolidation (correction) ahead of newsFX:XAUUSD is testing resistance at 3346 and forming a correction, leaving liquidity above the level as the current target. The correction was influenced by the dollar. What can we expect next? Gold is rising for the fourth day in a row and is approaching $3350, awaiting US PMI data. The dollar remains weak amid geopolitical risks, US-China disputes, and concerns about the US budget. The passage of Trump's tax bill could increase the deficit and pressure on the dollar. Weak PMI data could support gold by heightening expectations of a Fed rate cut Technically, with the dollar falling, gold has every chance of continuing its rise. But now we are seeing a correction forming. I would say that the relevant areas of interest are 3288 and 0.5 Fibo Resistance levels: 3346, 3360, 3409 Support levels: 3288, 3275, 3265 As part of the correction, gold may enter a consolidation phase, during which the price will gather liquidity relative to key areas of interest before continuing its growth. A retest and false breakout of 3288 - 3275 is possible before the growth continues. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
18
XLMUSDT → Consolidation above 0.300 will provide an opportunityBINANCE:XLMUSDT.P is returning to the buying zone relative to strong resistance as part of a local uptrend. The market backdrop is favorable, but Bitcoin poses risks... Bitcoin is updating its historical high and continuing its bullish trend, which is a favorable backdrop for altcoin growth. However, risks are posed by the fact that BTC may form a false breakout of resistance, which would trigger a correction across the entire market. XLMUSDT is returning to the buying zone relative to strong resistance as part of a local uptrend. If the bulls hold their ground above 0.3000, growth may continue in the short and medium term. Resistance levels: 0.318, 0.324 Support levels: 0.300, 0.2975, 0.2799 The focus is on 0.3000, which is a fairly important and key (psychological) level. If the bulls manage to hold their ground above this point, the price will continue to rise, but it is necessary to monitor the behavior of the bitcoin. Best regards, R. Linda!
Long
by RLinda
3
NZDJPY → Pre-breakdown consolidation. Readiness for a declineFX:NZDJPY is under pressure from a global downtrend. Locally, a flat (range) and pre-breakdown consolidation relative to support are forming on the chart... After a false breakdown of support on May 16, the price failed to reverse and grow. Instead, the currency pair entered a consolidation phase, during which it continues to test support. Each subsequent retest of 85.25-85.30 only increases the chances of a breakout with the aim of continuing the decline. Another important nuance is the elimination (short squeeze) of local resistance at 85.95. Pressure on the price is also being exerted by the falling dollar index, which is strengthening the Japanese yen, which is generally reflected in the price of NZDJPY... Support levels: 85.300, 85.25, 84.195 Resistance levels: 85.7, 85.95 The continuation of the current consolidation and the compression of the price towards support only increases the chances of a breakdown of the 85.30 support level. A break and consolidation of the price below 85.25 could trigger a further decline. Best regards, R. Linda!
Short
by RLinda
4
VIRTUAL TA Masterclass — Elliott Wave Meets Gartley HarmonicVIRTUAL has been on fire! Printing a clean 5-wave Elliott impulse with a +431% run in just 33 days. But after every strong trend comes a healthy correction, and that’s where we likely are now. Trading below key resistance and showing signs of exhaustion. The question: Where is the next high probability trade setup? Let’s break down what the chart is telling us. 🧠 Structure Overview Wave 5 peaked at $2.2169 Wave A dropped -25% Wave B bounced +30% Currently: VIRTUAL's trading under the $2 psychological level and weekly open ($2.0358) → signs of momentum cooling A corrective Wave C is likely underway, and all signs point toward a very specific zone. ⚠️ Liquidity Dynamics The longer VIRTUAL grinds sideways near $2.00 without showing real momentum, the more vulnerable late long positions become: Retail traders are buying resistance SLs are likely clustered just below Wave A’s low This creates a liquidity pocket waiting to be swept — perfect fuel for Wave C 🔍 The $1.58–$1.47 Support Cluster: 14 Layers of Confluence This zone isn’t guesswork — it’s loaded with technical overlap: 1️⃣ 1:1 Trend-Based Fib Extension of Wave A → $1.573 2️⃣ Monthly Open → $1.5354 3️⃣ 0.382 Fib Retracement of the entire rally → $1.5295 4️⃣ Bullish Fair Value Gap → $1.57–$1.53 5️⃣ Anchored VWAP from ATH → ~$1.46 6️⃣ Anchored VWAP from Wave 3 → ~$1.46 7️⃣ 0.618 Fib Speed Fan Support (~end of May timing) 8️⃣ 4H 233 SMA → ~$1.52 9️⃣ 4H 200 EMA → ~$1.52 🔟 Daily 200 SMA → $1.5251 1️⃣1️⃣ Weekly 21 SMA → $1.462 (reinforces the VWAP zone) 1️⃣2️⃣ Declining Daily Volume → momentum weakening 1️⃣3️⃣ Liquidity Pool below Wave A → likely to be swept 1️⃣4️⃣ $2 = Golden Pocket Resistance + Psychological Barrier 🔴 Short Trade Setup (Active as Long as SFP Holds) For those favouring downside continuation toward the Wave C target, a short setup is in play: Entry: Weekly open retest around $2.0358 Stop-loss: Above SFP high at $2.143 Target: 1:1 Trend-Based Fib Extension of Wave A → $1.573 or the Swing Low of Wave A at $1.647 R:R ≈ 1:4 — a solid, well-structured short opportunity As long as price remains below the SFP and the $2.00 golden pocket resistance, bears maintain control. 🟢 Long Trade Setup Entry: Ladder between $1.58–$1.47 Avg. Entry: ~$1.53 SL: Below $1.40 TP1: $1.88 (local resistance) → R:R ≈ 1:2.5 TP2: $3.33 (0.618 Fib of entire bear market) → R:R ≈ 1:12 👉 Bonus TP for Harmonic Setup: 0.618 Fib of CD leg ✨ Bonus Confluence: Potential bullish Gartley Harmonic in Play VIRTUAL is also forming a valid Gartley harmonic pattern — one of the most reliable reversal setups in classical trading theory. 🔸 XA: B retraced to 0.602 → ✅ (criterion: ~0.618) 🔸 AB: C retraced 0.87 → ✅ (valid range: 0.382–0.886) 🔸 CD: Projected to complete at 0.786 of XA → ~$1.474   • CD is a 1.356 expansion of BC   • AB ≈ CD symmetry is valid   • TP = 0.618 retracement of CD leg This adds even more weight to the $1.47–$1.53 buy zone. 📘 Educational Takeaway The best setups don’t rely on one method — they align multiple disciplines. Here, we have Elliott Waves, Fibonacci retracements, anchored VWAPs, volume structure, moving averages, time symmetry, and now a harmonic pattern — all pointing to the same opportunity. Most traders never wait for alignment. That’s why most lose. 💬 Final Words ✍️ Smart trading isn’t about always being in a trade — it’s about being in the right one at the right time. While others FOMO at $2, you wait for the right opportunity to come to you — where structure, liquidity, and probability all shake hands. The patient are rewarded. Always. ___________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
Short
by SiDec
1