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Elliott Wave

LINK Breaks Key Level – Bullish Continuation?I have mirrored the candlestick bar pattern of 2022 on the chart. LINK has broken above the 0.618 Fibonacci extension level on the weekly timeframe, signalling strong bullish momentum. A daily or weekly close above $20.01, flipping it into support, could confirm further continuation. Momentum remains strong on both daily and weekly timeframes. Watch for volume spikes and trend confirmations. Disclaimer: This is not financial advice. Always do your own research and assess risks before making any trading decisions. #LINK #Crypto #Fibonacci #ChartPattern #TradingIdea
Long
by karmatseringhyolmo
Bitcoin Short: End of 5-wave structureThis is a bias idea. I purposely look for a potential way that Bitcoin could have ended and could never reach $100,000. Wave Structure wise, this analysis conforms to all the rules of Elliott Wave so even though it is bias, it is valid structurally. There are 2 things that is not ideal in this wave count: 1. Primary wave 3 (black number) has a truncated 5th sub-wave. 2. Primary wave 5's sub-wave 3 (green wave) has a sub-wave 5 that is extended instead of sub-wave 3. Take note that while these are irregular occurrences, they are valid and allowed in Elliott Waves. Perhaps the most important thing in this analysis is that wave 5's subwave 5 = subwave 1 (see blue Fibonacci Extension).
BITSTAMP:BTCUSDShort
by yuchaosng
XAUUSDThere might be two scenarios to play out here. The termination of the current lower degree ABC formation will determine if wave 4 is still in play or if wave 4 has long completed in the blue range (at the end of a higher degree wave A as shown in the char). If wave four has long completed then the current formation would reverse at less than 100% of the previous five wave impulse move shown as wave B of the higher degree on the chat. Then that might mean a higher degree wave 1 has completed and wave two is completing its ABC formation and price might start to push up to wave 3 of the higher degree.
OANDA:XAUUSD
by wmasehlele
Coinbase UpdatePrice has been trading within a range for over a week now. This structure to me still appears to be corrective. This week I would like to see price move lower towards the target boxes below. Rather the structure sub-divides again (most likely) or heads straight there in a 5-wave c wave remains to be seen. Either way, at this time, we're just waiting on it to break down again and head lower. Unless this is just the ugliest impulsive pattern you have ever seen in your life, I just don't see a pattern that points to a new ATH. I don't levitate off the ground, and thus don't know everything, but if you can find an impulsive pattern let me know. Every way I look at this thing, it points lower. Hopefully this week it reveals more of its plans.
NASDAQ:COIN
by TSuth
8
$SPY December 2, 2024AMEX:SPY December 2, 2024 15 Minutes. AMEX:SPY is tired. 603 targets achieved. But no strength. The move from low 595.20 to 603.35 is not smooth. Soe the last rise fro, 587.43 to 603.35 $ SPY need to hold 598 levels being 38.2% retracement. For the last rise 597.28 to603.35 599 must hold. I expect AMEX:SPY to be 598.5 to 603 levels today and tomorrow so the moving averages can up as 200 moving average is around 596 levels. Holding 598-599 my first target is 605 levels.
AMEX:SPY
by RiderTrader
1
Alikze »» ZK | Ascending Channel - 1D🔍 Technical analysis: The scenario of wave 3 or C super cycles in the ascending channel - 1D - It is moving in an ascending channel in the daily time frame. - According to the momentum and bullish guard, it is currently in the middle of the channel, which can continue its rise up to the range of the supply zone if the price breaks 0.1465. - In addition, if it faces a correction in the middle of the channel, it can face demand again in the golden zone if it returns and continue the upward trend up to the ceiling of the channel and the supply range. 💎 Alternative scenario : In addition, if it faces selling pressure in the area of ​​0.1465 and the correction occurs quickly, the golden area is probably broken and the correction can continue until the OB area. 💎 Possible scenario: Therefore, if the correction occurs in a zigzag fashion, it will have the ability to grow up to the specified areas and the bullish scenario can be more likely. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ZKUSDT
Long
by alikze
Alikze »» XRP | Wave 3 or C bullish scenario - 1D🔍 Technical analysis: Wave 3 or C bullish scenario - 1D - Ripple is moving in an ascending channel in the weekly time frame. According to the current momentum, it can touch the range of 93 cents in the first step, which is an important supply area. - Before hitting the supply area, he can break the roof of the channel and after hitting the supply area, he can have a correction or pullback to the broken channel roof. - According to the previous structure that had a zigzag modification; It currently has a zigzag reversal to the upside, which could touch the targets indicated on the chart. ⚠️ In addition, according to the current structure, the price should not enter the Invalidation LVL range, in which case it should be reviewed and updated again.⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« OKX:XRPUSDT
Long
by alikze
4
More upside for BitcoinHi traders, Last week Bitcoin made a correction down and after that it went corrective up again. It could be that the (orange) Triangle is bigger and we couuld see one more correction down. So now it can go down some more, and after that up again. Let's see what the market does and react. Trade idea: Wait for the finish of the correction down. After a change in orderflow to bullish again you could trade longs. If you want to learn more about trading ICT concepts with wave analysis, please make sure to follow me, give a like 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. I do not provide trade signals. Don't be emotional, just trade! Eduwave
Long
by EduwaveTrading
Another drop for goldHi traders, XAUUSD did exactly what I've said in my outlook last week. It rejected at the open and made an impulsive leg down into the Daily FVG. After that it corrected into the higher FVG. So next week we could see another impulsive leg down to finish the (orange) A-B-C ZIgzag correction. Or it turns out to be a Triangle. Let's see what price does and react. Trade idea: Wait for a change in orderflow to bearish again and trade shorts after a small correction up on a lower timeframe. If you want to see more from my analysis, please make sure to follow me, give a like 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. I do not provide trade signals. Don't be emotional, just trade! Eduwave
FOREXCOM:XAUUSDShort
by EduwaveTrading
Slowly going up for SPX500USDHi traders, Last week SPX500USD did not drop but slowly went up some more. It could be making an ending diagonal here. So next week we could see price go up some more. Trade idea: Wait for ae correction down to finish and make a change in orderflow to bullish. After that you could trade (short term) longs. If you want to see more from my analysis, please make sure to follow me, give a like 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. I do not provide trade signals. Don't be emotional, just trade! Eduwave
OANDA:SPX500USDLong
by EduwaveTrading
3
Bitcoin - 99% of people do not see this 2017-2024 pattern!This is a long-term ascending parallel channel that no one sees! And guess what? The price is currently at the major resistance of it. This channel is 100% valid.  Now the question is, how will Bitcoin react on the upward sloping trendline? As always, I bring you strong technical data, and now it's up to your decision. From my point of view, buying Bitcoin at 100k after a huge pump from 15k (2022) doesn't make too much sense. But that's not what moon boys want to hear. Who still doesn't know what the plan for Bitcoin is—to make a one-world digital currency and one world government. Bitcoin is a currency that wants to replace cash, and all your transactions are monitored 24/7. There will be 1 wallet per person since your birth, and you will not be allowed to create a new personal wallet. The energy of your body will be used to mine Bitcoin, in other words, you will mine Bitcoin with your energy. In this case, you will have to eat more food to sustain this load, and you probably know that the more you eat, the faster you age and get old. The more you drive the car, the more gas you need, and the lifespan is shorter. Bitcoin was brought to planet Earth by unfriendly aliens. Bitcoin is popular only because of the profits that have been made in 2008-2024, but Bitcoin will never go exponentially again. It's too big already; see this picture. In order to make 10x or 100x, you must invest your money elsewhere.
Short
by Xanrox
129
More upside and a drop for EUHi traders, Last week EU started the pullback just like I've said in my outlook. Now the pullback is becoming much bigger, so it could also be a leading diagonal for the next impulsive wave up. Next week I'd like to see price coming into the Daily FVG's above which is also the 50.0-61.8 fib retracement and from there a drop. Let's see what the market does and react. Trade idea: Price is too low to trade. Wait for the bigger correction up to finish. If you want to see more from my analysis, please make sure to follow me, give a like 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. I do not provide signals. Don't be emotional, just trade! Eduwave
Short
by EduwaveTrading