Elliott Wave
Volkswagen - soon ready for the next bullish period (?)Today I will look at Volkswagen (VOW3).
VW has had a very tough period especially with the transition to building electric cars and uncertainty especially with european legislation and market regulations. (not a complete fundamental analysis, please search for more fundamentals elsewhere!)
My Elliott wave perspective tells me that we are closing in on a potential pivot point from where the share price could easily double and this could provide us with an excellent trading opportunity for the next years.
XAUUSD Analysis: Potential Zigzag (ZZ) Corrective Wave TargetingThe current price action on XAUUSD suggests that the retracement phase may still be ongoing. Based on Elliott Wave theory, the structure appears to be forming a Zigzag (ZZ) Corrective Wave, a common corrective pattern in the market. Here's a detailed breakdown of the analysis:
Wave A and Wave B:
Wave A has completed, and Wave B appears to have retraced within the expected range, respecting Fibonacci retracement levels.
Wave C Projection:
If this structure is indeed a Zigzag (ZZ), Wave C could extend to 100% of Wave A, which places the target at 2675.
This target aligns closely with the 61.8% Fibonacci retracement level of the prior swing low, a significant confluence zone often observed in corrective waves.
Key Levels to Watch:
Resistance at the 2675 level, which also aligns with the 100% extension of Wave A.
Support levels around the 38.2% and 23.6% retracements, which could act as interim pullback zones.
Market Implications:
If the price reaches the 2675 level, it could signal the completion of the corrective pattern, paving the way for the next impulsive move.
However, if the price fails to reach this target, it may indicate an alternative wave count or a shallower correction.
Strategy Considerations:
Monitor price action near the 2675 level for potential reversal signals.
Use Fibonacci retracements and extensions to refine entry and exit points.
Always manage risk with appropriate stop-loss levels and position sizing.
This is a great opportunity to see Elliott Wave theory in action. Let’s observe how the price unfolds and whether it adheres to the projected pattern. As always, trade cautiously and stay disciplined!
#XAUUSD #ElliottWave #ZigzagWave #TradingView #FibonacciAnalysis
XAU/USD 01.12.24OANDA:XAUUSD
Hello Traders,
For the upcoming week, I am expecting one final move to the downside. We are currently in a 1-2-3-4-5 setup to the upside. From my perspective, we have likely already seen our wave 4 low. It's also possible that we have completed wave 1 of the larger wave (4).
At this stage, I anticipate an ABC correction to the downside before resuming higher prices. My target area for this correction is between 2575 and 2570. This zone is where I will look for bullish momentum and consider entering a long position.
Stay focused and watch this level closely!
XAG/USD 01.12.24
FXOPEN:XAGUSD
Hello Traders,
In the coming week, I anticipate continued bearish momentum. Over the past weeks, the market has been dominated by bears. Currently, we are in a 1-2-3-4-5 move to the upside and transitioning from wave 3 to wave 4.
On smaller timeframes, I observe a complex (A)-(B)-(C) correction forming wave 4. From my perspective, we are now in the move from wave (B) to wave (C). Typically, the transition from B to C follows a 1-2-3-4-5 structure, as I’ve illustrated. It may look a bit disorganized, but we should remember that we are dealing with the metals sector.
My target for this week or the next is a final push to approximately 29,100. This aligns with the 100% Fibonacci extension of waves 4 to 5. Additionally, this area coincides with the first bullish Fibonacci retracement of the larger wave 4. The volume indicator also highlights significant activity at this level in the past.
Keep a close eye on this level!
Alikze »» ROSE | Bullish Wave 3 or C Scenario - 1D🔍 Technical analysis: Bullish Wave 3 or C Scenario
📣 BINANCE:ROSEUSDT In the daily timeframe, according to the analysis presented earlier, the Rose currency encountered demand after correcting to the 0.23 Fibo area, which continued to grow in accordance with the movement path to the supply area.
🟢 In the daily updates, it was also mentioned that a bullish flag was formed, which had a growth of 74% as much as the flag bar.
🟢 Currently, in the daily timeframe, it has also had a movement cycle to the supply area of 13 cents, considering the current momentum.
💎Therefore, considering the momentum, it can continue to the red box area (supply area) with a pullback to the green box area.
⚠️In addition, if the price enters the LVL Invalidation area, the bullish scenario will be invalidated.⚠️
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S&P500 short: wave 3 = wave 1Take note that this is CFD where prices includes non regular trading hours and thus allows for this count (prices using only rth can't have this count as wave 3 is the shortest wave in SPX and SPY).
I am attempting a short here as I believe that there is a chance that we are reaching the peak this week and this is as good as any to attempt a low risk short. A 10 points stop loss should be good.
Xrp : Ghost Feed of Last Pattern overlaid on new 1+2 Fib TargetUsing a 1 + 2 (Green) Higher High and Higher Low, we can find the Fib Extensions between the 1.618 and 1.7886 sitting around $30 - $50. (This usually gets overshot and retraced to in bull markets...)
Using a Ghost Feed on a Logarithmic Scale, (Which preserves percentages of gain in a visual way...) We can also find that the previous pattern seems to adhere to those target Fib Extensions (As it would have proportionally with past extension targets...) and can give us a ballpark example if history were to repeat itself. (Although each time it uses different noise and retracements to arrive at the same targets...)
The Timing may also be different Due to worldwide events and time tables...
The potential Cycle high may be as much as $264! (Which also adheres to a measured move based off the 6-year triangle target)
It most likely won't take 6 years to retrace next time as the SEC stuff is past now...
Good Luck out there!
USDCHF Potential Bear Move ?Hey Traders!
In todays analysis USDCHF is displaying what i believe to be a bearish setup. Presenting an opportunity to take advantage of this potential bearish move.
My Observations
Daily supply zone: Price retrace to test 0.89643/0.89148.
Elliot Wave: Are we in a potential EW4 downward move ? Scroll back to Wed 22-5-24 and notice the beginning of the Elliot Wave. Moving forward we can see the completion of EW3 which also encompassed a 5 wave sub wave, highlighted by the blue 5 wave count. Even further forward we can see the potential completion of an EW4 confluence for what i believe to be a negative divergence.
Strategy
The plan is to drill down in to the lower timeframe and look for entries into this move.
Targets to between 0.87936 and 0.87577.
In the context of the higher tf could be a decent swing move. In the case i will be aiming for 0.85920 region.
Triangle forming in wave 4 consuming time before 5th up begins I initially though INDEX:BTCUSD is doing WXY (red counts) correction in wave 4 since W and X were 3-3. But the supposedly Y is shorter than W and X, and the whole pattern is emerging as contracting triangle which makes me think that we are actually doing a ABCDE (green counts) triangle in 4th. So it may not be deep but time consuming. ABC seem to be done and we are in D now so just a matter of time ...
LTC Impulse
My primary count considers were currently in blue sub-wave 5 of black 3.
As with most other cryptos, price is very overextended, and even if this uptrend has been very resilient, at some point there has to be a correction, so I'm not a buyer at current levels.
Pullbacks to black wave 4 are buying opportunities.
#NU Holdings UpdateNU price fell into the first anticipated FIB-level (26.6%).
In my eyes the chart finished a big Wave-(3), this impulse was going for over 600days.
Therefor I believe the chart could be in a corrective pattern a bit longer, before gaining new momentum.
Price might find shortterm support in this green Box.
Hoegh Autoliners - bright future ahead after some correctionHoegh Autoliners will be a very nice buy in the future around 79-65 NOK.
The stock has almost 30% dividend yield and future stock price could be around 300 NOK.
However, the stock has rallied ever since its IPO and is already in a sideways corrective pattern that will likely turn out as an expanded flat structure.
Buy the rumors, sell the news...As we can see in this indicative projection using Eliott Waves, there is a world we can imagine a retracement of XRP token.
Correlated with Fibo levels..
Let's see if the futurs and others indicators confirm or not.
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Alikze »» Rose | Ascending corner pattern🔍 Technical analysis: Ascending corner pattern
- In the daily time frame, in an ascending channel, according to the predicted path, it has grown up to 1.618 fibo of the previous wave, a range of 0.17.
- In the last analysis presented in the 4H time frame in an ascending channel, after breaking the channel and exiting it and breaking the zone, it experienced a correction.
- In the daily time frame, it has had a complete upward cycle, and wave 3 has grown as much as 1.618 of the previous wave.
- At the moment, correction is done as much as 0.23 fibo of the whole structure.
- A corner pattern has been formed which can grow up to the supply area by breaking the 0.072 area.
🛑 The most important resistance: ~ 0.072
💎 NOTE: In addition, if the 0.23 area breaks and stabilizes below it, the bullish scenario will be invalidated.
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BINANCE:ROSEUSDT
Scenario GBPCAD continuation update levelsAccording to the previous prediction, I correctly calculated the short position and today it is just a continuation of this previous analysis with an adjustment of the level and a small description of the whole situation. With my eyes, we see resistance here at the price level of 1.78590. If the market does not break through, a peak has formed here, which ends with a triangle. For me, if there are no news that would reverse the trend, this position is short from my point of view. There may be an even smaller pull back, as I drew, we have the untested fibo level of 0.618, which is full of liquidity.
we will see some dump in bitcoin and altcoinsI commented last analysis that i think because of xrp pumping we might see market going down.
I was trying to see if it tank or not but it seems like after xrp pump we coulldnt find a way to go up for btc and eth.. now after xrp confirm its resistance btc quickly dropped.. which means even with pull back we likely see 90000 or 86000 area depends on market condition or fud around the market. if there will be fud news we might dump harder..
anyway i kept xrp long like 1/4 in case i miss the train. and shoring btc to hedging my holdings and a bit to short more. if this rapid drop stops twice with big support i will be back. if it breaks up over 98100 area this case is not right.