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Elliott Wave

Gold's Uptrend Nearing Key Reversal Zone—Time to Sell?Gold ( OANDA:XAUUSD ) is creating a new All-Time High(ATH) during these few days; finally, how far can gold continue this upward trend? What do you think? Educational Note : From the point of view of Technical Analysis , when the asset is forming an All-Time High(ATH) and the previous history of the price is not around the price, the analysis becomes a little difficult, but we must be able to make the best use of the technical analysis tool. ---------------------------------------------------- Gold is entering the Potential Reversal Zone(PRZ) . Also, Gold is facing a Series of Resistance lines that can stop its increase . From the point of view of Classical Technical Analysis , it seems that Gold is in the Ascending Broadening Wedge Pattern formation. Do you agree!? Educational Note : An Ascending Broadening Wedge is a bearish technical pattern characterized by higher highs and higher lows that expand over time. It signals increasing volatility and weakening bullish momentum, often leading to a breakdown below support. Traders watch for a confirmed breakdown as a short-selling opportunity. According to the theory of Elliott waves , Gold seems to be completing microwave 5 of the main wave 5 . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks. I expect Gold to start falling after entering the PRZ and at least to the lower line of the wedge pattern and Support zone($2,800-$2,787) . Note: If Gold breaks the Resistance lines and goes above $2,873, we should expect Gold to increase further. Be sure to follow the updated ideas. Gold Analyze ( XAUUSD ), 1-hour time frame. Do not forget to put 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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
17
GBPUSD NFP Reaction: Running Flat Holding, Bullish Move Incoming GBPUSD remains in line with the running flat structure post-NFP, but the bullish breakout has yet to materialize. Price is holding above key support, and if the pattern plays out, we could see strong upside momentum soon. Will buyers step in, or is more consolidation needed before the move? Stay patient and watch for confirmation! 📊📈🔥 #ForexTrading #GBPUSD #ElliottWave #RunningFlat #NFPReaction #PriceAction #Elliotwavesglobal
Long
by Elliotwavesglobal
GOLD → Price enters buying zone ahead of NonFarmsFX:XAUUSD resumes gains Friday after brief pause, retesting liquidity accumulation support, but traders cautious ahead of US NFP release NFP decline may support gold - if the actual NFP comes in below forecast (169K), it will reinforce expectations of an imminent Fed rate cut. Weaker labor market → pressure on the dollar → gold rises. Fed and policy: At 15:00, the Fed's monetary policy report will be released, which could clarify the regulator's future course. If signaling easing → gold up. If there will be hawkish notes → pressure on XAUUSD, but we should also take into account Trump's policy on economic risks Conclusion on XAUUSD: In the medium term there is every chance to reach $3,000, locally it all depends on the news: weak NFP and lack of wage growth could send gold above $2,900. If the data turns out to be strong → a downward correction is possible Resistance levels: 2870, 2882 Support levels: 2858, 2848 Technically, the focus is on the 2870 resistance. If the price can break this resistance and consolidate above, this maneuver will open the way to further upside. I do not rule out a retest of the channel boundary or 2858 before further upside. Regards R. Linda!
FX:XAUUSDLong
by RLinda
4
EURJPY Rejects Triangle Support:First Impulse Wave to the UpsideEURJPY has respected the lower trendline of the triangle formation, showing strong rejection at support. The first impulsive wave to the upside suggests potential bullish momentum building up. If the structure holds, we could see a breakout and continuation higher. However, confirmation is key—watch for follow-through price action and volume before entering! Will bulls take control, or is this just a fake move? Stay alert! 📊📈🔥 #ForexTrading #ElliottWave #EURJPY #TrianglePattern #ForexAnalysis #PriceAction #Elliotwavesglobal
Long
by Elliotwavesglobal
3
EUR/GBP - Long Trade SetupThis In my own opinion is a strong looking trade setup. Currently we have a Daily/12/6/4/1 Hour all Bullish Setup. Only smaller TF's are showing LL's Consolidation phase seems to be forming its last leg according to Elliot's Wave Theory telling me we are going to be looking to breakout of this Trend. Previously I predicated price to have another run down to the final Demand zone (I will link my post to that Idea) Indicators confluences - Currently MacD on the daily is showing us we are slowing down with sellers momentum although PA is still bullish giving me more suggested signs we will be having a decent Bullish Run. PM me for more details in this trade setup Good luck to all the traders that follow and make sure to use risk management
Long
by jamesibartram
GOLD → Correction for accumulation of potentialFX:XAUUSD is growing during the week. The asset enjoys interest on the background of economic risks and dollar correction. After a small correction, the train may move north again Markets are watching the US-China trade talks, easing fears of a global trade war, as well as Trump's initiatives on the Middle East, weakening demand for the USD as a safe-haven asset. In addition, a rising yen is pressuring the USD, supporting gold. Investors' focus is on Friday's NFP data, which could influence the Fed's next steps. Attention is also paid to weekly jobless claims and Fed comments. The market is quite aggressive on any drastic action by Trump as this assessment is correlated relative to global risks Technically, the price is correcting to accumulate liquidity and potential for possible upside. Below are quite strong support areas that could push the price back. Support levels: 2845-2850, 2830 Resistance levels: 2860, 2872, 2882 As part of the correction in the uptrend, the price may test 0.5-0.7 Fibo as well as the previously broken resistance of the ascending channel. There are no technical and fundamental reasons to break the trend, the growth may continue after a false breakdown. Regards R. Linda!
FX:XAUUSDLong
by RLinda
23
Elliott Wave View: SPY Looking to Resume HigherShort Term Elliott Wave View in SPDR S&P 500 ETF (SPY) suggests pullback to 575.04 ended wave ((4)). The ETF has resumed higher in wave ((5)) with internal subdivision as 5 waves impulse. Up from wave ((4)), wave ((i)) ended at 585.99 and dips in wave ((ii)) ended at 578.35. From there, wave (i) ended at 583.81 and wave (ii) ended at 578.90. Wave (iii) higher ended at 595.56 and pullback in wave (iv) ended at 590.35. Final wave (v) ended at 607.7 which completed wave ((iii)). Pullback in wave ((iv)) ended at 604.67 and wave ((v)) higher ended at 610.78. This completed wave 1 in higher degree. The ETF then pullback in wave 2 with internal subdivision as a zigzag Elliott Wave structure. Down from wave 1, wave ((b)) ended at 609.96 as a double three Elliott Wave structure. Up from wave ((a)), wave (w) ended at 605.96 and wave (x) ended at 599.22. Wave (y) higher ended at 609.96 which completed wave ((b)) in higher degree. The ETF turned lower in wave ((c)) towards 589.5 which completed wave 2 in higher degree. It has turned higher in wave 3. Near term, as far as pivot at 575.04 low stays intact, expect pullback to find support in 3, 7, 11 swing for more upside.
AMEX:SPY
by Elliottwave-Forecast
1
GOLD: Correction for potential accumulation.is growing during the week. The asset is performing well in the face of economic uncertainty and a dollar drop. After a minor modification, the train might go north again. Markets are keeping an eye on US-China trade talks, which are alleviating fears of a global trade war, as well as Trump's Middle East efforts, which are reducing demand for the US dollar as a safe-haven asset. Furthermore, a rising yen puts pressure on the US dollar, which supports gold. Investors are focused on Friday's NFP report, which may influence the Fed's future measures. Weekly jobless claims and Federal Reserve statements are also monitored. The market is quite aggressive on any radical action by Trump because this evaluation is tied to global concerns. Technically, the price is correcting to gather liquidity and potential for future gains. Below are some strong support levels that could send the price back. Support levels: 2845-2850 and 2830. Resistance levels: 2860, 2872, and 2882. Trade Active Gold is testing the previously defined support zone. The accent is on 2845-2840. If the bulls keep the defense above this zone, it is worth waiting for gains in the short-term. As part of the upward corrective, the price may test the 0.5-0.7 Fibo level, as well as the previously broken ascending channel barrier. There are no technical or fundamental grounds to break the trend; growth may continue despite a fake collapse. By Nexus Trades Zone
FX:XAUUSDLong
by NexusTradesZone
Bitcoin Pullback or Trend Reversal? Key Levels to Watch!Bitcoin failed to Break the $107,000 Resistance as in the Previous post (the 7th attack failed ). Bitcoin ( BINANCE:BTCUSDT )is moving in the Resistance zone($100,520-$97,200) , near the Support lines , the 50_SMA(Daily) , and Monthly Pivot Point . This upward movement these few hours can be in the form of a pullback to 50_SMA(Daily) and Support lines (broken) . Of course, the worrisome point is the momentum of this upward movement . According to the theory of Elliott waves , this increase of these few hours can be in the form of the main wave 4 . The main wave 4 structure so far is a Zigzag correction(ABC/5-3-5) . I expect Bitcoin to once again attack the 100_SMA(Daily) and the Heavy Support zone($93,300-$90,500) . Cumulative Short Liquidation Leverage: $102,926-$100,450 Cumulative Long Liquidation Leverage: $92,570-$91,249 Note: If Bitcoin goes below $97,000, we should have more confidence that this analysis is correct. Note: If the CME Gap($102,580-$100,320) fills in this uptrend, we should expect another attack on the $107,000 resistance. Do you think the correction of Bitcoin continues, or should we wait for Bitcoin re-pumps in the coming hours? Please share your ideas in the comments. 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
31
Cable update BoE rate cutSo it looks like the trend will continue here from the previous update. With the equality in rates between the fed and the BoE, both long and short are on the table, but an advance to the upper targets, at least for now, seems the most likely. If it is to do so in an impulse pattern, however, it would need to break above this base channel, which is expected for a wave 3 of an impulse. Around the 1.28 level looks like the next target - perhaps for a 3rd wave termination point - let's see.
by JCore7
Wave 1 as leading diagonal (better chart pic) I think it's worth bearing in mind that we could see some significant downside during the lull at the end of Q1. Red for Valantines, Green for St Patrick's. This shows how we may never have transitioned into wave 2, but may actually be about to finish wave 1 as a leading diagonal. We could be looking at wave 2 as a running/ expanding flat, in which case we see a significant rally, but something is niggling at me about this. Watch the break of the high at $3.39, I'll be looking at the 4hr RSI to see if there's divergence. A close above with that divergence will possibly spell more downside than just a subwave correction.
by Indiroots
Wave 1 as Leading DiagonalI think it’s worth bearing in mind that we could see some significant downside during the lull at the end of Q1. Red for Valantines, Green for St Patrick’s. This shows how we may never have transitioned into wave 2, but may actually be about to finish wave 1 as a leading diagonal. We could be looking at wave 2 as a running/expanding flat, in which case we see a significant rally, but something is niggling at me about this. Watch the break of the high at $3.39, I’ll be looking at the 4hr RSI to see if there’s divergence. A close above with that divergence will possibly spell more downside than just a subwave correction.
by Indiroots
t-bonds x alt season.t-bonds are primed for lift-off. we just witnessed the largest decline in the history of the treasury. since march 2020, t-bonds have looked like they’re in a correction. most are calling it five waves down, signaling a deeper bear market. but they’re seeing the surface, not the structure. i'm building a case that says otherwise. the five-wave drop from all-time highs? that wasn’t the start of the bear market. it was the end of wave c in an expanded flat that began in 2016. most think the t-bond bear market started in 2020. i’m saying it started in 2016,,, and if i’m right, it just ended. --- as the market prices-in future interest rate cuts, fueled by artificial suppression of gas prices and inflation stabilisation, t-bond values will climb throughout this next year. normally, stocks and bonds move inverse to each other. not this time. this time, they move together. 1:1. why? because the us dollar is about to get wrecked. quantitative easing is coming back. liquidity will expand. the global liquidity index will rise. the way we make that happen is by crushing the dxy. --- tldr; - rate cuts incoming - making t-bonds go up - quantitative easing - nukes the dxy - making stocks go up - risk-on environment returns - risk assets go parabolic - alt season is triggered. 🌙
CBOT:ZB1!
by notoriousbids
1
750 dolla spy.gm, wanted to share my outlook on the stock market today. --- fear is accelerating. uncertainty is going parabolic in a way we haven’t seen since the covid crash. people are running. insiders are exiting. the herd is collectively turning bearish. but i’m bullish. --- here’s exactly why: -quantitative easing is coming back. -rate cuts are on the horizon. -the us dollar is depreciating. -economic expansion is inevitable. -the artificial intelligence boom is just getting started. --- while most people fumble their bag up here, drowning in fear, we look for significantly higher prices into 2026. --- ps. i left out upside targets and timeframes because none of that matters at the moment. only the structure does. if you like the structure, use it. don't give me any credit. i don’t need it. if you make a dolla this next year, donate a tenth of it to someone who needs it more than you. the universe will handle the rest. 🌙
AMEX:SPY
by notoriousbids
USDJPY Wave Analysis – 6 February 2025 - USDJPY under the bearish pressure - Likely to fall to support level 150.00 USDJPY currency pair under the bearish pressure after the earlier break out of the support zone between the support level 154.00, support trendline from September and the 50% Fibonacci correction of the previous upward impulse from December. The breakout of this support zone accelerated the c-wave of the active ABC correction 2 from the start of this year. Given the strongly bullish yen sentiment seen across the currency markets today, USDJPY currency pair can be expected to fall to the next support level 150.00 (target for the completion of the active c-wave).
Short
by FxProGlobal
OM/USDT Weekly Detailed Elliott & Technical Analysis📈 OM/USDT Technical Analysis 1️⃣ Price Trend 📊 ✅ OM/USDT has been in a strong uptrend, reaching new highs. ✅ The price is currently near a key resistance zone, marked by Fibonacci levels (see the provided chart). ✅ Elliott Wave count suggests the final leg of an impulse wave (Wave 5), indicating a possible local top soon. 2️⃣ Volume Analysis 📊📉 📌 Trading volume has seen periodic spikes, indicating strong interest from traders. 📌 Increased volume on green candles suggests that buyers are still in control. 📌 A sudden drop in volume while the price is rising may indicate buyer exhaustion. 3️⃣ MACD Analysis 📉📈 🔵 MACD is above the signal line, which is a bullish signal. 🔴 A continued divergence between MACD and price could be a warning sign for a potential correction. ⚠️ If MACD starts flattening or turning downward, a reversal could be imminent. 4️⃣ RSI Analysis 📊 📊 RSI is within the normal range, meaning there is no immediate overbought or oversold condition. 🚀 A move above 70 RSI would indicate an overbought market, increasing the risk of a pullback. 🔻 A drop below 50 RSI would signal weakening momentum. 📌 Conclusion & Trade Plan 🐂 Bullish Scenario (Breakout) ✅ If OM/USDT breaks above key Fibonacci resistance levels, it could continue toward 8.20 USDT or even 10.02 USDT. 🐻 Bearish Scenario (Pullback) ⚠️ If price fails to break resistance and MACD starts declining, we could see a retracement toward 6.77 USDT or even 6.33 USDT. Key Levels to Watch 🔍 🔹 Support: 6.77 USDT, 6.33 USDT 🔹 Resistance: 8.20 USDT, 10.02 USDT 🌀 Elliott Wave Analysis for OM/USDT 🔍 Wave Structure Overview 📌 The current Elliott Wave count suggests that OM/USDT is in the final impulse wave (Wave 5). 📌 This means that the price is nearing a potential peak before entering a corrective ABC pattern. 📌 The market has seen a strong upward trend, aligning with Fibonacci extensions. 🌀 Key Observations 📊 Wave 1-2-3-4-5 Structure ✅ The price action has followed a classic 5-wave Elliott structure, with Wave 3 being the strongest. ✅ Wave 4 was a retracement, creating a higher low before Wave 5. 🎯 Wave 5 Target Levels (Fibonacci Extensions) 🔹 6.77 USDT - This is the 1.0 extension level, which has already been tested. 🔹 8.20 USDT - The 1.236 Fibonacci extension, a potential target if bullish momentum continues. 🔹 10.02 USDT - The 0.618 extension, marking an extreme target if the wave extends further. 🛑 Potential Correction (ABC Structure Incoming?) ⚠️ If Wave 5 completes, we should expect a corrective ABC wave to form. ⚠️ The key support levels for this correction are 6.33 USDT (0.382 retracement) and 5.80 USDT. 🎯 Trading Strategy 📈 Bullish Scenario 🚀 ✅ If price breaks 8.20 USDT, it can extend to 10.02 USDT. ✅ Momentum traders should look for volume confirmation before entering. 📉 Bearish Scenario ⚠️ ⚠️ If rejection happens around current resistance, a pullback to 6.77 USDT - 6.33 USDT is likely. ⚠️ If MACD starts weakening, it could signal the beginning of an ABC correction. 🔥 Final Takeaway 🔥 ✅ OM/USDT is in a strong Elliott Wave 5 uptrend with a potential target of 8.20 - 10.02 USDT. ✅ If momentum weakens, an ABC correction could follow, pulling price back toward 6.33 USDT. ✅ Traders should monitor MACD, RSI, and volume behavior to anticipate the next move. 📉 Short Opportunity Coming Soon! 🚨 🔴 OM/USDT is nearing the final stages of Wave 5, which signals a high probability of a short opportunity in the coming days. 🔴 Key indicators like MACD, RSI, and Volume suggest that bullish momentum may be weakening. 🔴 If the price fails to break above 8.20 USDT and MACD starts turning downward, a sharp correction (ABC pattern) could follow.
by WaveFibs
TAO/USDT Weekly Elliott Wave & Fibonacci Analysis📌 TAO/USDT Elliott Wave & Fibonacci Analysis: A Deep Dive 🚀 🔹 Market Structure Overview The TAO/USDT chart exhibits two potential Elliott Wave scenarios: A completed Wave 2 correction leading into an impulsive Wave 3. An ongoing ABC corrective pattern before a bullish move. Using Fibonacci retracements, extensions, volume trends, and momentum indicators (MACD, RSI), we can refine both scenarios. 🔹 Scenario 1: Impulsive Wave 3 Towards $1,532.5+ Wave 3 Expansion & Fibonacci Levels The price has retested 0.786 Fib support ($226.3), a historically strong level for a wave reversal. Wave 3's minimum projected target is $1,532.5 (1.236 Fibonacci extension). If momentum builds, the 1.618 extension ($2,729.5) could be reached, aligning with strong historical price expansions. Market Behavior & Momentum MACD Analysis: A bullish crossover in the MACD histogram would confirm momentum shifting toward an impulsive move. RSI Trends: RSI stabilizing above 50 would indicate growing buyer strength, supporting the bullish outlook. Volume Dynamics: Increasing volume at key support levels suggests institutional accumulation. 📌 Confirmation Zone for Wave 3: A sustained breakout above $740 (recent high) would confirm the beginning of Wave 3. 🔻 Scenario 2: ABC Correction Before Reversal Potential for a Deeper C-Wave Drop Instead of an immediate breakout, the market may still be completing an ABC correction. Wave C targets: 100% Fibonacci Extension: $160.6 1.236 Fibonacci Extension: $111.9 Potential Max Extension: $89.5 (1.382 Fib) Indicators Supporting a Further Decline MACD remains bearish, suggesting downside continuation before a reversal. RSI is not yet at oversold levels, meaning further weakness is possible. Volume profile shows a lack of aggressive buying, indicating sellers still have control. 📌 Key Reversal Zone for the Next Bullish Cycle: If the price drops to the $160.6-$111.9 range, a strong bounce could follow, leading into the next impulsive wave. 📌 Conclusion If $226.3 holds, it strengthens the case for an impulsive Wave 3 move towards $1,532.5+. If support fails, a final correction to $160.6 or even $111.9 is expected before a strong upside reversal. Volume and momentum indicators will be crucial in confirming the next major move. This analysis provides a structured view of potential Elliott Wave formations and Fibonacci-based price levels, giving clear insights into TAO/USDT’s possible market direction.
Long
by WaveFibs