Get started

Elliott Wave

USD/JPY Poised for Breakout: Key Levels to WatchFX:USDJPY USD/JPY Poised for Breakout: Key Levels to Watch Analysis: The chart shows the USD/JPY pair on a 4-hour timeframe with multiple indicators and annotations. The price is currently at 157.266, with recent highs and lows marked. The chart includes horizontal support and resistance levels, volume profile, RSI, and a momentum indicator. Price Action Analysis: The price has been in an uptrend since mid-October, forming higher highs and higher lows. Key resistance levels are at 157.406, 158.082, and 158.246. Key support levels are at 156.744, 154.120, and 153.877. Smart Money Concepts (SMC): Break of Structure (BOS) annotations indicate significant price movements. The price is currently consolidating near the upper resistance levels, suggesting potential accumulation or distribution. ICT Elliott Wave Analysis: The price appears to be in the fifth wave of an Elliott Wave cycle, indicating a potential end to the current trend. A correction might be expected before a new trend begins. Indicators: RSI is at 51.93, indicating neutral momentum. The momentum indicator shows mixed signals with recent green bars suggesting bullish momentum. Buy Strategy: Entry: 157.300 (above current resistance) TP1: 158.082 (next resistance level) TP2: 158.246 (upper resistance level) SL: 156.744 (below recent support) Sell Strategy: Entry: 156.700 (below current support) TP1: 154.120 (next support level) TP2: 153.877 (lower support level) SL: 157.406 (above recent resistance) Follow @Alexgoldhunter for more strategic ideas and minds VIP Signal: Buy: 157.300 158.082 158.246 156.744 Sell: 156.700 154.120 153.877 157.406 This detailed analysis incorporates multiple trading strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies to generate comprehensive buy and sell strategies. The indicators displayed on the chart, such as Fibonacci retracement levels, RSI, and volume profile, support the analysis and identify key levels for entry, take profit, and stop loss.
by Alexgoldhunter
Solana 05.01.2025COINBASE:SOLUSD Hello Traders, I hope you all have great success in 2025! Currently, I’m analyzing Solana, focusing on the potential for its third position within the larger wave 3 to 4. At the moment, we can identify a 1-2-3 wave structure. Within wave 2, there’s a slightly messy 1-2-3-4-5 sub-wave setup, which is fairly common. We’ve observed significant volume and a strong bullish push from sub-wave 2 to 3. However, sub-wave 4 to 5 is moving sideways, forming what’s typically seen as a diagonal pattern. Within this diagonal, we can clearly recognize an ABC formation, and the transition from wave B to C aligns perfectly with a 1-2-3-4-5 setup. Currently, sub-wave 5 is still unfolding, but the chart is becoming increasingly messy. Many traders appear to be selling their positions. Using the MACD indicator, we can see that the buying volume is decreasing, and the red selling volume is approaching dominance. I hope you find my analysis helpful, and I’m always happy to receive your feedback! Best regards
COINBASE:SOLUSDShort
by NeptenFX
1
$BTC Cycle Elliot Wave AnalysisMore confluence on why this CRYPTOCAP:BTC cycle will perform similar to 2017 vs 2021. If we look at Elliot Wave theory, we can see the first cycle (red) had a long 3rd wave and somewhat truncated 5th wave. The second cycle (green) had a muted 3rd wave and extended 5th wave. The third cycle performed similar to the first, which makes me believe the fourth cycle will perform similar to the second cycle. It appears the ₿itcoin cycle flip-flops every other time. *NOTE* I used Closing Candles for when drawing EW to cancel out noise. **EW drawings are extremely subjective, hence why I don’t use often for analysis.
INDEX:BTCUSD
by jonnieking
BNB/USDT: Potential Reversal and Breakout OpportunitiesCRYPTOCAP:BNB BNB/USDT: Potential Reversal and Breakout Opportunities Analysis: The chart provided is a 4-hour timeframe of Binance Coin (BNB) against Tether (USDT) on Binance. The chart employs various technical indicators and concepts, including Smart Money Concepts (SMC), price action, and ICT Elliott Wave strategies. Price Action and SMC Analysis: Break of Structure (BOS): Multiple BOS points are marked, indicating significant shifts in market structure. These are crucial for identifying potential trend reversals. Change of Character (CHoCH): Several CHoCH points are noted, suggesting shifts in market sentiment and potential entry points for trades. Support and Resistance Levels: Key levels are marked at 731.24, 710.73, 622.92, 618.69, and 543.60, providing potential areas for price reaction. Volume Profile: The volume profile on the right side of the chart shows high trading activity around the 710.73 level, indicating a significant area of interest for traders. Indicators: RSI (Relative Strength Index): The RSI is hovering around the 53.55 level, suggesting a neutral market condition but with potential for upward momentum. MACD (Moving Average Convergence Divergence): The histogram shows green bars, indicating bullish momentum, but the recent red bars suggest caution. Elliott Wave Analysis: The chart shows potential Elliott Wave patterns, with corrective and impulsive waves marked. The current structure suggests a possible completion of a corrective wave, indicating a potential new impulsive wave. Buy Strategy: Entry: 710.73 (current price level) Take Profit 1 (TP1): 731.24 (next resistance level) Take Profit 2 (TP2): 751.19 (further resistance level) Stop Loss (SL): 693.00 (below recent support level) Sell Strategy: Entry: 731.24 (if price fails to break above) Take Profit 1 (TP1): 710.73 (current support level) Take Profit 2 (TP2): 693.00 (further support level) Stop Loss (SL): 745.00 (above recent high) Follow @Alexgoldhunter for more strategic ideas and minds This detailed analysis incorporates various trading strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies to provide comprehensive buy and sell strategies. The indicators displayed on the chart, such as Fibonacci retracement levels, volume profile, and RSI, support the analysis and identify key levels for entry, take profit, and stop loss.
by Alexgoldhunter
1
WTI Crude Oil: Bullish Reversal and Key LevelsTVC:USOIL WTI Crude Oil: Bullish Reversal and Key Levels Analysis: The chart displays the 4-hour price action of WTI Crude Oil (TVC: USOIL) with multiple technical indicators and annotations. The price is currently at $74.01, showing a slight decline of 0.35%. The chart includes the following elements: Price Action and Trend Lines: The price has been moving within a descending channel, with recent price action suggesting a potential breakout. There are several horizontal support and resistance levels marked by green and blue dotted lines. Smart Money Concepts (SMC): Multiple "Choch" (Change of Character) annotations indicate potential shifts in market structure. The price is currently near a significant support level around $70.48, suggesting a potential area for accumulation. ICT Elliott Wave: The chart shows potential Elliott Wave patterns with Fibonacci retracement levels (0.618 at $72.35 and 0.786 at $72.05) indicating key levels for potential reversals. Indicators: RSI (Relative Strength Index): The RSI is at 71.17, indicating overbought conditions but also suggesting strong bullish momentum. Volume Profile: The volume profile on the right side shows high trading activity around the $70.48 to $74.01 range, indicating strong support and resistance zones. MACD (Moving Average Convergence Divergence): The MACD histogram shows green bars, indicating bullish momentum. Buy Strategy: Entry: $72.05 (near the 0.786 Fibonacci retracement level) Take Profit 1 (TP1): $74.01 (current resistance level) Take Profit 2 (TP2): $76.00 (next significant resistance level) Stop Loss (SL): $70.48 (below the recent support level) Sell Strategy: Entry: $74.01 (current resistance level) Take Profit 1 (TP1): $72.05 (0.786 Fibonacci retracement level) Take Profit 2 (TP2): $70.48 (recent support level) Stop Loss (SL): $76.00 (above the next significant resistance level) Follow @Alexgoldhunter for more strategic ideas and minds This detailed analysis utilizes Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies to formulate comprehensive buy and sell strategies. The indicators, such as Fibonacci retracement levels, RSI, and MACD, support the analysis and identify key levels for entry, take profit, and stop loss.
TVC:USOIL
by Alexgoldhunter
Silver Price Action Analysis: Potential Reversal and Key LevelsTVC:SILVER Silver Price Action Analysis: Potential Reversal and Key Levels Chart Analysis Description The chart displays the price action of Silver (CFDs on Silver / OZ) on a 4-hour timeframe. The chart includes several technical indicators and levels: Price Levels: Resistance Levels: 32.9560, 32.3239, 32.3239 Support Levels: 30.8758, 29.6600, 29.6210, 29.5970, 29.1886, 28.7300 Volume Profile: The volume profile on the right side shows high trading activity around the 29.5970 level, indicating a significant area of interest. Indicators: Relative Strength Index (RSI): The RSI is currently at 59.10, indicating potential bullish momentum. MACD: The MACD histogram shows a mix of green and red bars, suggesting a period of consolidation with potential bullish divergence. Smart Money Concepts (SMC): Change of Character (ChoCH) and Break of Structure (BOS) are marked, indicating potential reversal points. Elliott Wave Analysis: The chart shows potential wave patterns, suggesting a corrective phase might be ending, and a new impulsive wave could start. Buy and Sell Strategies Buy Strategy Entry: 29.5970 (current price level with high volume) Take Profit 1 (TP1): 30.8758 (next resistance level) Take Profit 2 (TP2): 32.3239 (higher resistance level) Stop Loss (SL): 28.7300 (below the recent support level) Sell Strategy Entry: 29.1886 (if price breaks below this support level) Take Profit 1 (TP1): 28.7300 (next support level) Take Profit 2 (TP2): 27.0000 (lower support level) Stop Loss (SL): 29.6600 (above the recent resistance level) Follow @Alexgoldhunter for more strategic ideas and minds
TVC:SILVER
by Alexgoldhunter
SUI Wave 4: Pivots, Patterns, and PossibilitiesIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! The cleanest conservative count, in my opinion, suggests that we are still within a wave 4 or possibly a diagonal. This conclusion is based on the 3-wave move up that has printed so far, which aligns with the characteristics of corrective wave structures. Wave 4, according to Elliott Wave principles, often presents as a more complex corrective pattern, and this appears consistent with the current price action. However, the situation remains dynamic, and key levels will play a crucial role in determining the next steps in the wave count. ### Key Levels to Watch 1. **4.92**: If price action fails to generate further upside momentum and drops below this level, it would indicate potential weakness and could lead to a revisit the 3.95 level. 2. **3.95 Pivot + Price Action (PA)**: This level will be pivotal in determining where we are within the broader wave count. A hold above this level could maintain the possibility of the current count, whereas a deeper breach could suggest a shift in the structure. ### Scenarios to Consider - **Bullish Continuation**: If price action remains above 4.92 and generates impulsive moves, it may signal the end of wave 4 and the start of wave 5. - **Extended Correction**: A drop below 4.92 and a test of the 3.95 pivot could indicate a continuation of wave 4 or a diagonal pattern. An impulsive breach would lend to a flat. ### Neutral Perspective This analysis remains neutral, focusing on the possibilities rather than definitive predictions. The next moves around these levels will provide important clues about the broader structure and potential directional bias. As always, flexibility and attention to evolving price action are essential when navigating corrective waves. By monitoring these critical levels and patterns, traders can better position themselves to adapt to the unfolding price action. Trade safe, trade smart, trade clarity.
Long
by CryptoKnee
1
Bitcoin Analysis==>>Last Chance!!!Bitcoin ( BINANCE:BTCUSDT ) is moving in the Resistance zone($100,000-$98,000) and near the Resistance lines . Regarding Elliott's wave theory , I still see the waves as corrective . It is likely that Bitcoin is completing a Double Three Correction(WXY) so that it is currently completing a wave Y . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks ( between volume and price ). In addition, USDT.D% ( CRYPTOCAP:USDT.D ) is moving near the Support zone and the lower line of the descending channel , so we can expect an increase in this index in the coming hours, and the increase in USDT.D% can cause Bitcoin to decrease . I expect Bitcoin to start falling from the Resistance zone($100,000-$98,000) , Cumulative Short Liquidation Leverage , and Resistance lines again. The First Target can be the Support zone($96,680-$95,500) . If Bitcoin breaks the Support zone($96,680-$95,500), we can expect the CME Gap($94,830-$94,420) to be filled. Cumulative Short Liquidation Leverage: $100,000-$99,000 Cumulative Long Liquidation Leverage: $96,000-$95,000 ⚠️Note: If Bitcoin breaks the Resistance lines and Resistance zone($100,000-$98,000), we can hope for a further increase in Bitcoin.⚠️ 🙏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
21
Correction and up for BitcoinHi traders, Last week Bitcoin swept the lows of the A-leg and went up again. This could be the finish of the (orange) ABC correction. Now we could see a correction down and another upmove from the Daily FVG lower to the Daily FVG higher, making it a complex (XYZ) correction pattern or the next impulsive leg up. Let's see what the market does and react. Trade idea: Wait for a change in orderflow to bearish and trade shorts into the lower Weekly FVG. 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. I do not provide trade signals. Don't be emotional, just trade! Eduwave
Long
by EduwaveTrading
Another downmove for goldHi traders, Last week XAUUSD made a bigger correction up, retested the higher Daily FVG, rejected from there and went lower. Next week we could see price drop more (after a small correction up) to finish the (orange) W-X-Y Zigzag correction. Let's see what price does and react. Trade idea: Wait for a small correction up and a change in orderflow to bearish on a lower timeframe to trade shorts. 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. I do not provide trade signals. Don't be emotional, just trade! Eduwave
FOREXCOM:XAUUSDShort
by EduwaveTrading