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Elliott Wave

Bigger correction down for BitcoinHi traders, Last week Bitcoin made the ABC correction down just like I've said in my outlook. But after that it went up very corrective. So this correction down could become a complex WXY correction down. In that case we could see another ABC correction down now to finish the (grey) Y-wave into the Daily FVG. Let's see what the market does and react. Trade idea: Wait for the correction down to finish. This is not the time to trade Bitcoin. If you want to learn more about trading ICT concepts with wave analysis, please make sure to follow me, give a boost or respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. I do not provide trade signals. Don't be emotional, just trade! Eduwave
Short
by EduwaveTrading
Down for goldHi traders, Last week XAUUSD did exactly what I've said in my outlook. After the finish of the correction down and a retest into the lower Daily and 4H FVG, price went up again to make an ATH. There were some comments that I was wrong and price would not make an ATH. Well, I've made money. Did you? Now price is rejecting and wave 5 (grey) could be finished. So next week we could see an impulsive move down. Let's see what price does and react. Trade idea: Wait for more development. This is not the time to trade gold. If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. I do not provide signals. Don't be emotional, just trade! Eduwave
OANDA:XAUUSDShort
by EduwaveTrading
1
Down for SPX500USDHi traders, Last week SPX500USD did exactly what I've said in my outlook. On Monday it dropped impulsive to the downside and after it reached the Daily FVG it correctively went up again. On Friday it started the next move down. So next week we could see the finish of the corrective move down into the lower 4H FVG and after that more upside. Or if it breaks the low from the (orange) Y-wave, the correction down becomes bigger. Let's see what the market does and react. Trade idea: Wait for the bigger correction down to finish and a change in orderflow to bullish again. After that you could trade longs. If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. I do not provide signals. Don't be emotional, just trade! Eduwave
OANDA:SPX500USDLong
by EduwaveTrading
Correction down almost finished for EUHi traders, Last week EU did exactly what I've said in my outlook. It started the correction down (wave 2). So next week we could see the finish of the correction down and after that another big impulsive wave up. Let's see what the market does and react. Trade idea: Wait for a small correction down, a change in orderflow to bullish on a lower timeframe and trade longs. If you want to see more from my analysis, please make sure to follow me, give a boost or respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. I do not provide signals. Don't be emotional, just trade! Eduwave
Long
by EduwaveTrading
BTCUSD price is getting ready to drop to 100,000 to 97,000BTCUSDT is encountering significant opposition. In order to create a defense conglomerate, the price is being forced as far away from the 105–107K range as feasible. However, the worldwide bullish position cannot yet be overshadowed by this resistance. On H1-H4, a symmetrical triangle and a descending channel are developing into a contentious scenario. Additionally, everything is dependent on which market segment views which figure. Although a rebound may accompany the initial reaction to the triangle support, given the resistance, we can presume that the price will attempt to decline and that the triangle's rebound will not be significant. The price is prevented from falling by the support at 101.600 if we examine the descending channel. Yes, technically, 101.600's support is now what matters most. Whether or not this level will hold the price is the key question. At its core, the issue is controversial because it primarily hinges on America and how Trump and other politicians would employ rhetoric around cryptocurrency. It might be empty rhetoric, a bubble, or a sham to win an election. Or it might be a real tactic. Resistance levels: 103453, 105765 Support levels: 100150, 98890 Focus on 101.6. I anticipate a short-term price consolidation and fall below the level, followed by a decline to 100–97K BUT! A false breakdown of 101.6 could result in a brief upward bounce before a further down to 100K because the chart shows a symmetrical triangle. Analysis By: NexusTradesZone
BINANCE:BTCUSDShort
by NexusTradesZone
3
Dow Jones index Wave Analysis – 31 January 2025 - Dow Jones reversed from strong resistance level 45000.00 - Likely to fall to support level 44235.00 Dow Jones index today reversed down from the resistance area located between the strong resistance level 45000.00 (which stopped the previous multi-month uptrend in November) and the upper daily Bollinger Band. The downward reversal from this resistance area will most likely form the daily Bearish Engulfing – if the price closes today near the current levels. Given the strength of the resistance level 45000.00 and the overbought daily Stochastic, Dow Jones index can be expected to fall to the next support level 44235.00.
FX:US30Short
by FxProGlobal
BTC to new high...It seems that BTC to be at the beginning of wave c:B. price is supported in green zone that it includes fibonacci 1.618 of wave W and fibonacci 0.5 of wave a:B and fibonacci 1.272 wave X. I expect that price to rise to red zone that it includes fibonacci 1.38 and fibonacci 1.23 of wave A and fibonacci 1 of wave a:B. after that price completes the extended flat pattern in red zone, I expect the price to decline below the end of wave A and probably below 80,000.
Long
by Mr_elliottt
Bitcoin Faces Resistance for the 7th Time—Breakout or Rejection?Bitcoin ( BINANCE:BTCUSDT ) is attacking the Resistance zone($107,300-$105,400) for the seventh time ; even in one of these attacks , it created a Bull Trap . During the last two to three days , Bitcoin has formed an Ascending Channel(Black) and another Ascending Channel(Purple) in the 15-minute time frame . According to the theory of Elliott waves , Bitcoin seems to be completing microwave 5 of the main wave 5 , and we can expect corrective waves at least up to the upper line of the descending channel(broken) . I don't expect Bitcoin to succeed in breaking the Resistance zone($107,300-$105,400) in the seventh attack , although there is positive news around the crypto market , but I think we need a stronger stimulus to break this resistance zone (real news) . Cumulative Short Liquidation Leverage: $108,218-$106,476 Cumulative Long Liquidation Leverage: $104,460-$103,911 Note: The negative point is that the upper line of the descending channel was not broken with a large volume, so we hope for the break of the Resistance zone($107,300-$105,400). Note: If the lower line of the ascending channel(Black) is broken, we can expect further decline and filling of the CME Gap($101,525-$100,375). Note: If Bitcoin goes over $108223, we can expect more pumps and maybe a new ATH. Can Bitcoin break the Resistance zone($107,300-$105,400) and create a new All-Time High(ATH)!? 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), 15-minute 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
12
US Economic Data Impact: Will EURUSD Test Support zone Again?Today, key U.S. economic data was released , including GDP , Unemployment Claims , and the GDP Price Index . These data points had a direct impact on the U.S. dollar, resulting in volatility in the EURUSD pair . The weaker-than-expected GDP and lower inflation caused a temporary weakening of the USD, but the strong labor market data still supports the dollar, potentially limiting further downside for EURUSD. This was an analysis of the US economic data that was released today. ------------------------------------ EURUSD ( FX:EURUSD ) entered the Resistance zone($1.054-$1.044) again, and it seems that this move is a Pullback to the ascending channel (broken) . According to Elliott's wave theory , pullback appears to be a Zigzag corrective wave(ABC/5-3-5) . I expect EURUSD to attack the Support zone($1.039-$1.033) again, 100_SMA(4-hour) , and decline to at least the width of the broken ascending channel . Was the bullish candle the previous hour in the role of a pullback or the start of another upward trend for EURUSD? Note: If EURUSD goes over $1.049, we can expect more pumps. Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S.Dollar Analyze (EURUSD), 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
11
GOLD → The new ATH is not the limit. What are the new targets?FX:XAUUSD updates ATH to 2800 and at the same time bulls are consolidating above the previously broken high, trying to form a base for continued gains Gold updates all time high to $2800, amid a weaker US dollar and the threat of high tariffs from Trump, who again warned of possible 100% duties against BRICS countries, as well as a 25% tax on imports from Canada and Mexico, which boosted demand for protective assets. Investors are waiting for the US PCE Core Price Index data to gauge the Fed's next steps. Technically, now the focus is on 2 levels: 2798.5, which is a trigger for the continuation of growth and support at 2785, behind which there is a huge pool of liquidity. Gold needs to overcome 2798.5 to continue rising, but before that a retest of the support may be formed due to the liquidity under the level. Resistance levels: 2798.5, 2800, 2810-15 Support levels: 2790, 2785, 0.5 fibo In general, gold has a bullish price movement. There are no hints of a trend breakdown, so the chance for the continuation of the growth is quite high and it can happen either when the trigger is broken or after a small consolidation or correction before the news. Emphasis on the previously mentioned levels and news. Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
USDCHF → The bullish trend may get its continuationOANDA:USDCHF is entering the realization phase after a prolonged correction. A favorable background is created by the uptrend and rising dollar The technical outlook on the daily timeframe is very good. The price after breaking the trend resistance tested the previously broken line. The currency pair after the false breakout managed to consolidate above the key point, marking an interim bottom and further prospects. Technically, the focus is on the resistance at 0.911, if the bulls can overcome this area and consolidate above this level, the currency pair will be able to realize a rise to 0.918 - 0.93. Resistance levels: 0.911 Support levels: 0.90555 Before breaking the resistance, the currency pair could test 0.90555 due to the liquidity generated below this area. But, the trigger that can provoke further growth is 0.911 Regards MARKET ANALYZER
Long
by MarketAnalyzar
Gold Is Eyeing 2800 AreaGold remains in a strong intraday five-wave bullish impulse and the recent intraday three-wave a-b-c decline indicates for wave 4 correction that stopped perfectly at the former wave "iv" swing low and 38,2% Fibonacci retracement, which is a textbook pattern by Elliott wave theory. With the current bounce, be aware of a bullish resumption within wave 5 that can send the price towards 2800 area, especially if breaks above intraday channel resistance line.
OANDA:XAUUSDLong
by ew-forecast
ALTcoins Have Still Space For More GainsHello Crypto traders! Crypto market remains nicely bullish as expected and if we take a look at OTHERS Crypto market cap chart, which excludes top 10 cryptocurrencies, it's looking for a bullish break into a 5th wave out of wave (4) bullish triangle pattern that can send the price into all-time highs and 500B area. Bullish confirmation is above upper triangle line and 400B area. So, with current risk-on sentiment and while stocks have space for more upside, still watch out for more gains in the Crypto market once current consolidation fully unfolds, especially if we consider USDollar weakness.
CRYPTOCAP:OTHERSLong
by ew-forecast
EURUSD Is Trading At Strong Support While Finishing A CorrectionEURUSD came lower as expected, broke into the fifth wave we talked about last few weeks, and it finally moved into important support levels at 1.02 area. Notice that we are actually tracking the final leg within this downtrend from 2024 high, so ideally its wave C of a higher degree A-B-C correction, meaning that pair can stabilize still some time this month, ideally after the completion of an ending diagonal around important and golden 61,8% Fibonacci retracement. Even RSI is showing a divergence. A bounce in impulse back above 1.0435 will suggest that low is forming.
Long
by ew-forecast