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Elliott Wave

Boeing (BA): Is Boeing Finally Breaking the Bearish Trend?Boeing has faced significant challenges since March 2020, and when zoomed out, the stock has been trading in a well-defined range between $265 (range high) and $120 (range low), with the mid-range at $192. These levels have been respected repeatedly. From an Elliott Wave perspective, starting the count from the COVID low, we’ve observed consistently deep wave 2 corrections. Following the recent low of $138 in November 2023, we believe Boeing has broken the bearish trend that began in December 2022, signaling a trend reversal. Currently, we anticipate the completion of the very minor wave (i) soon, followed by wave (ii) correction between the 61.8% and 88.2% Fibonacci retracement levels. To safeguard against Boeing’s historically deep corrections, we are placing the stop-loss slightly below 100% of wave 2. Looking ahead, the wave structure suggests that Boeing could eventually break out of this long-standing range. For now, the focus is on reclaiming and holding the mid-range level at $192. Our target in this setup is to reach $265 (range high), but it is crucial to first see the mid-range flipped into support. Key Levels: Support: $147 Resistance: $192
NYSE:BALong
by freeguy_by_wmc
NIFTY50.....Down means down! Hello Traders, my long term forecasted target area comes into focus! Round about 1000 points lower and we will hit the target. If so to come, at this point we can check out for a reversal at the chart! But; step after step! I'am following the idea of a w-x-y wave to be established, and if so, we trading downwards within a wave 3 of 5 of x! Waves 4 more often than not, end within the range of a wave 4 of one lower\/higher degree! So, it would be a good target range. A first target is at or around the 22272 area for a wave 3 of 5 of x! From this range, a countertrend can\/should occurr within a wave 4 to the upside! Traders who favouring the upside can trade above 23426 for more bullish potential. As I wrote before; I do not favor this idea, 'cause we are in a clear downtrend! Have a great time..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
1
EGLD (MultiverseX) - AltSeason Cycle - Bull RunBINANCE:EGLDUSD (#MultiverseX) is ready to jump. That's because the #AltSeason shall push #AltCoins to the limits. Its Market Cap ( CRYPTOCAP:EGLD ) is very low now and about to grow significantly. This will be the result of #Crypto #MarketCap ( CRYPTOCAP:TOTAL3 & CRYPTOCAP:OTHERS ) breaking through their #ATH. With #BitcoinDominance ( CRYPTOCAP:BTC.D ) showing signs of #Correction, #eGold should prevail. What Happened with BINANCE:EGLDUSDT ? #EGLD managed to spike a bit in the end of '23, thus confirming the start of a larger #Bullish #Cycle. #Correction is also complete (Q4 in '24), which leaves room for the Bull. What's next for BINANCE:EGLDUSD ? An Impressive Rise is expected for $EGLD. The current levels are to be watched closely by #Traders going #Long. #MultiverseX #TechnicalAnalysis - #ElliottWave A-B-C Sequence: Confirmed - Intermediate (A) & (B) (white): Complete - #Bullish #Fractal: Commenced - #Fibonacci Levels: Conditions Met My BINANCE:EGLDUSDT #Long Levels #HODL #Trade: - Entry @ 31.00 USD (or below) - TP @ 420.00 USD #Futures #Trading: - Entry @ 31.00 USD (or below) - SL @ 10.00 USD - TP @ 225.00 USD
Long
by EW4X
4
AUD/USD - Weekly OutlookHey guys, im starting to get a Following pretty quickly and I appreciate all the kind words and support. The more I get from you guys the more Ill do in return. In this chart im actually starting off in the Monthly TF which I dont tend to look at too often although I believe is necessary here. In the Monthly we can notice a Long Term Bearish Channel insinuating long of sellers momentum. This in all of our trades will be taken into account due to Higher TF will be preferring sells. Weekly TF price action shows us the most recent move was a large volume of Bullish movement, this movement infact was counted as a Breakout in my opinion due to the Elliot's Wave Theory finishing on this continuation leg. Saying that we are currently filling a previous sell side Imbalance which tells me we will see some slow choppy price action to follow and possibly see price Consolidate. Small TF would suggest we have made a MSS which I will move into soon. Daily TF price action is very similar to the weekly, we see in better details that we have not closed out of that Imbalance although we can notice we have closed Higher than the previous pullback high telling me we have seen a MSS. This daily Bullish push has been so far marked out with the Fib to find out Discount zone to look for possible buys but currently im not even close to interested due to being in a choppy higher TF imbalance. 4H. I would like to see price fall further towards out Mitigation Block and the breakout candle returning back into the Discount Zone before looking for any buying opportunities. When breakouts occur price action tend to return back to that Trend Line to claim Sell side Liquidity in this case of it being a Bullish Breakout. Overall I would prefer a sell position although depending how price action looks I will look for buying opportunities once price action settles. Good Luck to all the traders that decide to follow.
by jamesibartram
GOLD → Ahead of ATH. How can price react to resistance?FX:XAUUSD is updating its highs and is gradually approaching ATH. Before the last spurt consolidation or correction may be formed, but chances of reaching ATH are quite high. Gold price continues its bull run amid uncertainty in Trump's trade policy and expectation of PMI data in the US. Market participants are seeking protection in gold due to global growth fears related to trade conflicts and rate policy. The hawkish stance of the Bank of Japan and dollar weakness also support the metal. However, a pullback is possible on Friday due to profit taking ahead of US GDP data and the Fed decision. Technically, there is a strong resistance zone at 2790 - istric high ahead. A false break of the resistance may trigger a profit-taking and subsequent correction. Resistance levels: 2790 Support levels: 2770, 2762, 2750 Before reaching the ATH, the price may form a retest of the support at 2762. But, the main focus is on the historical maximum. The chance of reaching the target is very high, but watch the price reaction to the resistance. False breakdown may provoke a deep correction. Regards R. Linda!
FX:XAUUSDLong
by RLinda
18
Major Multi-Year Low in for EURUSD?EURUSD has moved high enough to consider a major low in place. Wave C of (2) is an ending diagonal which means a swift rally may be looming nearby. Consider the Jan 13 low of 1.0177 as the end of wave (2)/(B) and a wave (3)/(C) rally has begun. This rally has upside targets at: 1.11-1.12 1.18 1.29 A print below 1.0258 is unexpected. Therefore, if EURUSD drops below 1.0258, then we'll need to reassess as that is not expected. Bottom line, this rally should be swift. Don't go crazy with leverage. Let the market do the work for you.
Long
by JWagnerFXTrader
EOS The Ethereum Killer (Part 2) - HODL & FuturesCOINBASE:EOSUSD finally found a Bottom, similar to what CRYPTOCAP:XRP did. I was able to go #Long on decent Levels, both on #Futures and for #HODL. Took profit on the #Bullish Swing for the #Futures #Trades, and remained #HODL mode. * all well documented in the related ideas. Now I am loading #Longs on $EOSUSD. Even though BINANCE:EOSUSDT can correct more, I am in! For #HODL I am aiming long-term, but for #Futures #Buy #Orders, I will cash in sooner. What Happened With COINBASE:EOSUSD ? While MARKETSCOM:BITCOIN was shining high, this "worthless piece of token" did not do much. However, it did something important: COINBASE:EOSUSD confirmed the #ElliottWave 1. Where Next #EthereumKiller ? BINANCE:EOSUSDT provided the proof of an up-coming #Impulse, also made the #Correction. It's expected to #Rally and go #Bullish. #EOSNetwork #TechnicalAnalysis - #ElliottWave #Bull: Intermediate (A) (turquoise) - #Correction: Intermediate (B) (turquoise) - #Bullish & #Bearish #Fractal - #Fibonacci Retracements * Expectations: #MotiveWave / #Impulse in Intermediate (C) (turquoise). My #Long Levels On BINANCE:EOSUSDT - Entry @ 0.8 USD - SL @ 0.3 USD - TP @ 8 USD This rise in COINBASE:EOSUSD could be the result of CRYPTOCAP:BTC.D (#BitcoinDominance) making the #Correction. All this while CRYPTOCAP:TOTAL3 & CRYPTOCAP:OTHERS making their point.
HITBTC:EOSUSDLong
by EW4X
33
Bitcoin is Ready to Pump againDonald Trump , the President of the United States , is set to deliver a speech today, January 23, 2025, at 4:00 PM GMT . The crypto community is eagerly watching to see if Trump will address cryptocurrencies, particularly Bitcoin, during his remarks. While any mention of crypto could have a significant impact on the market, a lack of commentary on the subject might leave crypto enthusiasts disappointed, especially those hoping for it to be a focal point in his agenda. -------------------------------------------------- As I expected in the previous post , Bitcoin ( BINANCE:BTCUSDT ) has declined to near the Support zone($100,600-$99,530) . Bitcoin is moving near the Resistance zone($103,400-$102,320) and Resistance lines . I expect Bitcoin to rise to at least $105,000 after breaking the Resistance lines and Resistance zone($103,400-$102,320) . Cumulative Long liquidation Leverage: $100,807-$98,472 Note: If Bitcoin goes below 50_SMA(Daily), we can expect more falls. 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.
Long
by pejman_zwin
31
Gold (XAUUSD): Bearish or Bullish? Gold Faces a CrossroadsIf you followed the levels we laid out in November, you’ve likely seen solid gains as TVC:XAU has risen nearly 6% since then. Gold has now reached our targeted area for wave B, sitting comfortably at the 88.2% Fibonacci level ($2,755) and reclaiming the trendline at $2,720 with ease. From our perspective, a downturn in the near future would make more sense, leading to a drop to at least $2,420 per ounce—an area we highlighted in our last analysis. The macro backdrop adds complexity. On his first day in office, the 47th U.S. President signed over 200 executive orders, sending shockwaves through the markets. Among these actions, President Trump suggested a 10% tariff on Chinese imports starting February 1, alongside potential tariffs on European imports. These moves could strengthen the US dollar, which would typically dampen gold’s appeal as a hedge against inflation while boosting its attractiveness in other scenarios. If gold continues higher, our count allows for a maximum target of $2,886. Should it exceed this level, we would need to re-evaluate our outlook. For now, we maintain a bearish near-term perspective while monitoring key levels closely. Key Levels: Support Levels: $2,720, $2,528 & $2,328 Fibonacci Levels: $2,859–$2,887
CAPITALCOM:GOLDLong
by freeguy_by_wmc
2
Ripple (XRP) - ATH Break-Out - 5th WaveMARKETSCOM:RIPPLE ( CRYPTOCAP:XRP ) spiked in Q4 of '24, as per my predictions and tracking. I managed to ride the #Bullish #Wave, but only half way. Even though knew it was gonna' create a new #ATH, I got paper hands and cashed in at the 1.5 USD Mark. That's because I was expecting back then a bigger #Correction, which was short-lived. I was left holding the bag... anyway I'm OK with it, CRYPTOCAP:BTC & CRYPTOCAP:SOL did well. BITSTAMP:XRPUSD at #ATH, What's Next? A last push in the 5th of 5th Wave, to finalize the #Impulse. This is because MARKETSCOM:BITCOIN is also #Bullish. BINANCE:XRPUSDT - #TechnicalAnalysis - #ElliottWave #Impulse in Intermediate (C) (white) - 5th Wave Completion - #ATH #Break-Out - Nov '17 / Jan '18 Fractal My MARKETSCOM:RIPPLE #Long Levels - Entry @ 3 USD - SL @ 2.3 USD - TP @ 5 USD (it can go higher) What About After This? Honestly, I am not keen on CRYPTOCAP:XRP that much, even though the Media Sentiment is off the hook. Why? Because it simply does not have a #Bullish / #Impulsive Structure. It's full of #Corrective features, which makes it a Larger Degree B Wave. Conclusion: A considerable #Retracement right after, similar to the one in '18. This could be because Bitcoin Dominance ( CRYPTOCAP:BTC.D ) would correct, while #Altcoins Market Cap ( CRYPTOCAP:TOTAL3 ) will also spike above its #ATH.
BITFINEX:XRPUSDLong
by EW4X
Light Crude Oil Futures (CL1!): Setting New LimitsWe’ve been patiently waiting for an entry at $58, but the market hasn’t reached our level. After reassessing the chart, we believe it’s now more profitable to play CL1! as a long following what appears to have been a fake breakout. Recent developments, including Trump’s declaration of a national energy emergency to “unlock the liquid gold under our feet” and prioritize U.S. oil and gas development, could bolster bullish sentiment in the energy sector. If our wave count is correct, we are currently in intra wave 2 of wave ((iii)). If this setup holds, a target of at least $115 seems achievable. We are placing our limit order and will patiently wait to get filled. Key Levels at the moment: Support Zone: $67.70–$64.40 Resistance Zone: $85–$88
NYMEX:CL1!Long
by freeguy_by_wmc
EURUSD Roadmap==>>Short-term!!!EURUSD ( FX:EURUSD ) is moving near the Support zone($1.039-$1.033) and inside the Ascending Channel . According to the theory of Elliott waves , it seems that EURUSD has succeeded in completing the main wave 3 above the ascending channel and is currently completing the main wave 4 . I expect EURUSD to attack the Resistance zone($1.052-$1.044) again soon, and the main wave 5 could end in this zone. What do you think? Will EURUSD break the support zone or bounce back to test the resistance zone? Note: If EURUSD can break the Support zone($1.039-$1.033), the lower line of the ascending channel, and 100_SMA(4-hour) , we should expect a further decline of this pair. Note: Donald Trump's speech and the announcement of the Unemployment Claims index can affect the EURUSD trend(Tomorrow). 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.
Long
by pejman_zwin
3
VeThor’s(VTHO)+450% Boom: Fundamentals & Technical Insights!🎂 Today marks the beginning of a new chapter in my life! My biggest wish for this year is to grow stronger together with all of you—my amazing followers. I hope to provide even better insights, share more valuable trading strategies, and help us achieve both profits and health and happiness. 🎂 -------------------------------------------- In the last 24 hours, the VeThor Token ( BINANCE:VTHOUSDT ) project has managed to increase by more than +450% . Let's take a look at the reasons for the VeThor Token(VTHO) increase : The fundamental reason behind the recent surge in VeThor Token (VTHO) could be attributed to increased network usage and adoption of the VeChain blockchain : Higher Network Activity : The VeChain( BINANCE:VETUSDT ) ecosystem has seen growing adoption in industries like supply chain, logistics, and sustainability, leading to increased demand for VTHO to pay transaction fees. New Partnerships and Integrations : Announcements of new collaborations and partnerships involving VeChain have boosted investor confidence, indirectly driving demand for VTHO. Technical Upgrades : Improvements in the scalability and efficiency of the VeChain network have made it more appealing for developers and businesses, increasing VTHO's utility. Speculation and Market Sentiment : Positive sentiment and speculation about VeChain's future potential have likely influenced short-term trading volume and price spikes for VTHO. -------------------------------------------- Let's take a look at the Technical Analysis of the VTHO token : During the last 24 hours, VTHO seems to have managed to break the Heavy Resistance zone($0.0070-$0.0037) . One of the signs of a valid failure is that it is broken with a large volume of this zone . Regarding Elliott wave theory , it seems that VTHO has successfully completed the main wave 3 above the Heavy Resistance zone($0.0070-$0.0037) and is currently completing corrective waves . Probably, the structure of corrective waves is Zigzag type(A-B-C/5-3-5) . I expect VTHO to start increasing again after the -30% decrease from Potential Reversal Zone(PRZ) and at least increase(+40%) to the Resistance line, and if the Resistance line is broken , we can confirm the end of the main wave 4 and wait for further increase of VTHO . Note: If VTHO goes below the Potential Reversal Zone(PRZ) , we can expect further price reduction of this token. Please respect each other's ideas and express them politely if you agree or disagree. VeThor Token Analyze (VTHOUSDT), 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.
Long
by pejman_zwin
21