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Elliott Wave

GOLD → Within range. Retest resistance at 3347FX:XAUUSD continues to correct after a false breakdown of support at 3300. Due to uncertainty, the price may remain in the range of 3300-3340 for some time. Gold is fluctuating amid a weak dollar and uncertainty over Fed rates. Gold is struggling to hold on after rebounding from weekly lows, despite the US dollar falling to multi-year lows. Pressure on the dollar has intensified due to Trump's criticism of the Fed and rumors of a possible replacement for Powell. However, gold is limited in its growth due to a pause in geopolitical tensions and hawkish signals from the Fed chair. Investors are awaiting key macro data from the US (e 12:30 GMT Durable goods orders, GDP, Initial Jobless Claims) and especially the PCE inflation report on Friday. Technically, the focus is on key areas of interest: 3300, 3306, 3340, 3347. Until strong news emerges, an intraday trading strategy should be considered. Resistance levels: 3347, 3357 Support levels: 3320, 3307, 3300 Technically, a false breakout of resistance at 3347 and a retest of the local liquidity zone at 3320-3307 are possible before growth continues for the reasons mentioned above. Targets could be 3347, 3364, 3372, and 3396. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
26
GBPUSD → Pre-breakout consolidation. One step away from a rallyFX:GBPUSD is trading in consolidation. Against the backdrop of the falling dollar index, the currency pair is testing resistance at 1.3632 but is not yet ready to bounce down. Against the backdrop of the dollar's decline due to fundamental reasons, the GBPUSD currency pair is strengthening. Technically, this could lead to the price breaking out of consolidation upwards. A pre-breakout base is forming relative to the upper boundary of consolidation. The price is compressing towards the level, volatility is decreasing, which in general could lead to a breakout of resistance - trigger 1.3632. The exit from consolidation may be accompanied by distribution. The liquidity zone with W1 can be considered as a target. Resistance levels: 1.3632, 1.3743 Support levels: 1.3593, 1.3508 The global and local trends are bullish. After growth, consolidation is forming. Against the backdrop of the falling dollar, GBPUSD is testing resistance. The reaction to the false breakout of resistance is weak. The chances of a breakout are quite high. Best regards, R. Linda!
Long
by RLinda
14
GBPJPY Keeps Recovering, But It’s Approaching ResistanceGBP/JPY is on the rise but is approaching the upper boundary of the 2024–2025 range, which could present strong resistance around the 200 level. Keep in mind that the decline from the 2024 highs to the July lows near 180 was impulsive, while the current rebound appears slow and corrective—possibly a wave B within a flat correction or even part of a triangle formation. In either case, we believe some further sideways price action is likely, followed by a potential downward turn from this prior subwave A resistance zone.
by ew-forecast
Is Gold Ready to Rally, Elliott Wave 5 at Key Trending SupportGold is sitting right at a critical ascending trendline support—this could be the make-or-break level between wave continuation and deeper retracement. I have identified this as the potential end of sub-wave 2 of the final Wave 5. This makes the current support zone a high-probability long entry—as long as it holds. 📈 Bullish Scenario: Sub-wave 3 Kickoff If support holds, we likely begin Wave 3 of 5, which is typically the strongest and fastest-moving wave. Look for: Breakout above the previous minor high to confirm impulse. Increasing momentum / bullish RSI divergence. Volume confirmation, if available. Target: A move past recent highs, potentially up toward $2,475–$2,500, depending on wave length projections. 📉 Bearish Scenario: Breakdown to Fib Retracements If the trendline breaks decisively: Expect a retest of the 0.5 to 0.618 Fibonacci retracement from the previous major swing low to the recent high. This would align with Wave 2 or a complex correction structure. Key Support Zones: 0.5 Fib ≈ ~$2,285 0.618 Fib ≈ ~$2,250 Watch for price action behavior and wick rejections in that area—those will give you clues for a potential bullish reversal. 🌐 Fundamental + Intermarket Thoughts You're thinking very well here with capital rotation logic: S&P 500 (ES) is likely in a Wave 5: If true, a correction in equities could free up capital and drive risk-off inflows into gold. Two likely macro triggers: ES reversal after ATH retest → Hedges start shifting to gold. Immediate correction in ES → Faster rotation into safe havens like gold. Watch the DXY and 10Y yields—if they weaken, that could also fuel gold's breakout. My trading plan: Long Entry - Price holds support and starts bouncing with strength Below trendline (tight SL ~$2,300) ~$2,475–$2,500 Wait/Short Bias - Trendline breaks cleanly, closes below on 4H/Daily — Look for long setup at $2,285–$2,250 zone
TVC:GOLDLong
by polarity
BULLISH SENTIMENT ELLIOT WAVE PREDICTION Wave 2 cannot retrace more than 100% of Wave 1. It can go deep, but not lower than the start of Wave 1. Wave 3 cannot be the shortest of the three impulse waves (1, 3, and 5). Often, Wave 3 is the longest and most powerful. Wave 4 cannot enter the price territory of Wave 1. This means no overlap between Waves 1 and 4 in a standard impulse. Wave 5 must move in the direction of the overall trend. It completes the five-wave impulse sequence. BULL FLAG PREDICTION Strong Uptrend (Flagpole) Consolidation (Flag) Measured Move Target - we want to see volume coming out of our consolidation phase. $150k would be a nice ATH CRYPTOCAP:BTC (MAXI) Market sentiment (IMO) : The dollar has fallen -10% this year. - Less Trust in the Dollar. #bitcoin #ethereum #vechain #ada #xrp #ltc Conflicts overseas usually push prices up because they threaten oil supplies. -Wars spark spikes in oil, food, gas and metals due to disrupted supply chains. Historically, most commodity prices double during conflicts
COINBASE:BTCUSDLong
by isaiahescobarrr
#Nifty directions and levels for June 26:Here are the market directions and levels for June 26: Market Overview There have been no major changes in both the local and global markets. The global market continues to show bullish sentiment, while our local market is still maintaining a moderately bullish bias. However, Gift Nifty is indicating a positive start of around 30 points today. So, what can we expect today? The higher-degree structure shows positive signs, but the lower time frame is still reflecting a range-bound market. Open interest data also appears bullish. So, if the market breaks above the previous high, we can expect a further continuation of the rally. On the other hand, if the market faces rejection around that level or if it starts with a decline, the range-bound movement is likely to continue.
NSE:NIFTY
by Manickamtraders
1
BTC trade plan🚨 BITCOIN – Eyeing $135K Before the Real Drop? 🚨 📆 Timeframe: 1D | Exchange: BINANCE 🧠 Elliott Wave Breakdown: After completing Wave 3 near the $109K level, BTC entered a classic A-B-C correction. We're currently breaking out of a bullish flag, hinting at the final leg Wave B rally still to come! 📈 Wave B Target Zone: 🎯 1.0 Extension: $135,920 🔴 1.236 Extension (Max Spike): $145,000 This zone is our “Red Box of Rejection”, where a strong reversal is likely as Wave C kicks in. A sharp Wave C dump could target the 1.618 Fib extension at $74,576 — a textbook retracement level for deeper Wave 4 corrections. That area would offer a generational buying opportunity heading into Wave 5, targeting above $220K+! 🚀 Final Wave 5 Target: 💥 1.618 Extension: $221,993+
Long
by HodlAhmad
Markings of a BottomCould be reaching with this one...OTC, BUT it popped on the screener as one that has clear indications of a bottom. On this daily chart, we see clear bullish divergence formed over a long period of time, and continuing through the last poke lower. What I really like, as illustrated by the red line in MACD on the currently forming higher low is the hidden bullish divergence, which in my analysis acts as a confirmation that the bottom is in. When I look at a wave 2, I like to see MACD more extreme, lower in this case, than the presumptive low.
OTC:EGMCFLong
by CuzDelux
Coinbase Breaking Higher, Bitcoin To Follow Soon? Coinbase has been trading very nicely to the upside over the last two weeks, and it's now even breaking the previous highs from December in pre-market. This suggests we’re in a fifth wave, but even this leg should be structured by five waves, so there’s room for more upside—even above the 400 level. If we respect the past cycles and compare it with Bitcoin, then clearly Bitcoin is lagging here. Still, while Coinbase is in this bull run, sooner or later, Bitcoin should also join the strength.
NASDAQ:COIN
by ew-forecast
Silver Looking For A Support Of wave 4 at 36.37Silver retested the lows of the week and even broke slightly below the spike from June 12, where the market previously found support at 35.46. We highlighted that as a key area for potential stabilization, especially since there were likely a lot of stops, just below it. So it's no surprise that the market turned around from there and is now trying to stabilize. I’m starting to think the a-b-c drop could already be finished in wave 4. A daily close above 36.37 would confirm a continuation higher. We can also see some RSI divergence between waves A and C, which further suggests that silver may be coming down into strong support.
OANDA:XAGUSD
by ew-forecast
Bitcoin Roadmap: Key Levels to WatchBitcoin( BINANCE:BTCUSDT ) managed to pump as I expected yesterday , of course, the main catalyst could have been the ceasefire announcement between Iran and Israel , which had a major impact on high and medium risk assets in the financial markets . Bitcoin is once again moving near the Heavy Resistance zone($110,720-$105,820) and the Resistance zone($107,520-$106,100) after breaking the Resistance lines . In terms of Elliott Wave theory , it seems that given Bitcoin’s bullish momentum , Bitcoin has completed the main wave 3 and is currently completing the main wave 4 on the 1-hour time frame . The corrective wave structure of wave 4 could be a Double Three Correction(WXY) . I expect Bitcoin to start rising again near the Support zone($104,380-$103,060) , 50_SMA(Daily) , Support lines , and Cumulative Long Liquidation Leverage($104,412-$103,812) to rise at least to the Potential Reversal Zone(PRZ) and Resistance lines . Note: Stop Loss(SL)= $102,600 = We can expect more dumps. 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 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
17