Elliott Wave
GBPJPY → The CBJ has raised rates. What's in store for the pair?FX:GBPJPY experienced an attempt to break through resistance and rise, but failed to realize the intention as traders do not believe in bullish movement due to the actions of the Central Bank of Japan
The Central Bank of Japan raised the rate by 0.25% to the highest since 2008. The bank sees accelerating inflation, a slowing economy and is likely to raise the rate further if inflation continues to rise.
Fundamentally, the situation may trigger a fall in the currency pair, but it may be restrained due to the Pound's strength against the Dollar. Nevertheless, I assess the situation regarding a false break of resistance from the technical part, and from the fundamental part from the Japanese action, as they are targeting the medium term.
Resistance levels: 193.00
Support levels: 192.00, 190.55
Another attempt to retest resistance before a further drop is possible. Traders are starting to build up longs on the Yen, which may lead to a bearish correction of the currency pair.
Regards R. Linda!
Bitcoin - Very bullish, Ethereum will +50% in a week!Bitcoin is currently very bullish, as the price broke the 60-day long range. Bitcoin hit an all-time high yesterday, which confirms the breakout of the range. We can expect 122k to be hit in the near future, but let's take a look at Ethereum, because this is a very good indicator, not only for bitcoin but for altcoins in general.
Ethereum is forming a huge inverse head-and-shoulders pattern. Don't be surprised if ETH starts pumping like crazy; this is probably your last chance to buy it cheap! You can wake up in the morning and see a huge green dildo on the ETHUSDT chart, so you really don't want to miss it. Personally, I would prefer ETH over BTC in the next few days or weeks.
Back to Bitcoin. What we can see on the chart is my Elliott wave count. We are in the final wave (5) of a major impulse wave. It's time to set up your sell orders and prepare for a significant bear market in 2025/2026. I recommend selling Bitcoin around 120k, while moonboys expect 300k or 500k. I stay grounded, I don't think Bitcoin will go exponentially.
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
ETHEREUM Massive Move Ahead!!!Currently #ETHEREUM Is facing a resistance of It's triangle and FVG.
If #eth successful breakout above triangle and FVG and holds above it, We can see #ETH making bull move towards over 5k.
According to micro elliott wave count and triangle targets, micro count III and triangle both targets above 5k.
Sell In May and Go Away?The best that I can see at this point in time. I think trading under Trump will be volatile and the volatility will continue to be realized through the tape until midyear. I see 6308 to 6371 as top targets at this time, the path is very uncertain but against most thoughts of a parabolic move, I think EW prevails and timing sets up for midyear reversal and possibly the end of this large large bull run. Time will tell. Im often wrong. Not financial advice.
XLM Elliott Wave AnalysisIm very bullish on $XLM!
I think we are currently stuck in a small a-b-c correction (marked in yellow), since 4th January. Seemingly this correction should soon be finished and the price can start soaring again.
The RSI is showing downtrend weakness on th 8h and 4h timeframe and looks like its getting ready to eventually break out of the red rsistance line.
I expect the price to turn around in the small yellow box.
Hood primed to correctHood has had an amazing run so far. If you look back we have a previous 5 wave move on the weekly with a healthy correction. Despite BTC bullishness hood is primed for a correction here. There is a possibility that the 5th wave moves further. BBWP and stochastic momentum cannot stay this high forever. The stock remains very far from moving averages as well.
My plan:
I look for another entry around 37-38$ or at least a connection with the 21EMA
GLD UpdateGold seems to be intent on continuing to rise. This make me wonder if the ALT is correct. For those that don't remember, the ALT suggested that wave 4 was already over and was shallow. In order for wave 4 to have alternation with 2 though, it should be deep. We will just have to wait and see, but to me this thing has two possibilities for the ensuing pattern.
The first (white count) is that this raise from the $234 bottom has been a deep b wave. If this is the case, it should be turning around very soon and heading lower again. The second (turquoise count) suggests that wave 4 is already over and wave 5 has begun. The turquoise labels are tracking the possible impulsive pattern. Time will tell but GLD moves slowly most of the time so be patient.
55R Trade SilverExpecting a move up to $50-60 most likely this year.
Seasonal bearishness start around Oct-Nov time for precious metals so it would make sense for that to kick in around there and as I’m expecting the next move up to be the strongest since the Covid recovery move for various reasons including fundamentals and technicals - notably Platinum gearing up for wave 3 and the miners on the cusp of major multi-year trendline break outs - then a swift move up makes a lot of sense.
WTI crude oil Wave Analysis 23 January 2025
- WTI crude oil reversed from resistance level 78.00
- Likely to fall to support level 72.60
WTI crude oil recently reversed down from the major resistance level 78.00 (has been repeatedly reversing the price from July, as can be seen from the daily WTI chart below)
The downward reversal from the resistance level 78.00 started the active intermediate impulse wave (3).
WTI crude oil can be expected to fall toward the next support level 72.60 (low of the previous short-term correction iv from the start of this month).
AUDCAD Wave Analysis 23 January 2025
- AUDCAD broke round resistance level 0.9000
- Likely to rise to resistance level 0.9080
AUDCAD currency pair recently broke the round resistance level 0.9000 (which stopped the previous wave 4 at the start of January)
The breakout of the resistance level 0.9000 coincided with the breakout of the 50% Fibonacci correction of the previous downward impulse from December and the daily down channel from September – which accelerated the active impulse wave 1.
AUDCAD currency pair can be expected to rise toward the next resistance level 0.9080 (top of wave b from the middle of December).
RUNE/USD Elliott Wave Analysis: Bullish Wave 3 Elliott Wave Analysis: Bullish Wave 3 Confirmation
The updated chart suggests that Wave 2 of the Elliott Wave cycle is nearing its completion, and we are positioned for the beginning of Wave 3, the most impulsive wave.
Wave 2 Levels and Structure
Price Levels:
The correction of Wave 2 has retraced briefly but is finding support at the 50% Fibonacci retracement level around $3.01.
The 78.6% retracement level at $1.40 remains a critical invalidation level for this wave count.
Volume:
A declining volume during the correction supports the idea of a consolidation phase, typical before the next impulsive wave.
Support Zone:
Primary support levels are:
$3.01 (50% retracement): Key psychological and Fibonacci support.
$2.20 (61.8% retracement): Structural support level.
$1.40 (78.6% retracement): Ultimate invalidation for this bullish count.
Wave 3 Projection
Using Fibonacci extensions of Wave 1 for projecting Wave 3:
1.618 Extension (Primary Target): $12.88 – Typical target for Wave 3.
2.0 Extension (Extended Target): $15.40 – Strong wave momentum scenario.
2.618 Extension (Highly Optimistic): $30.17 – Maximum potential target for a parabolic move.
Momentum Indicators
MACD:
The MACD on higher timeframes (weekly) is attempting to flatten, signaling that bearish momentum is decreasing.
A bullish crossover will confirm Wave 3 initiation.
RSI:
The RSI is currently stabilizing near 40-50, a typical zone where corrections end and new impulses start.
Watch for RSI to cross above 50 as a confirmation of strengthening bullish momentum.
Trade Strategy
Entry Strategy:
Accumulate positions near $2.20-$3.01 (61.8%-50% retracement levels).
Confirmation entry on a breakout above $3.50, which aligns with Wave 1's high.
Stop-Loss:
Conservative: Below $2.00 (below 61.8% retracement for minimal risk).
Aggressive: Below $1.40 (78.6% retracement, Wave 2 invalidation).
Targets:
Take Profit 1: $12.88 (1.618 extension).
Take Profit 2: $15.40 (2.0 extension).
Take Profit 3: $30.17 (2.618 extension).
Risk-to-Reward:
With an entry near $2.50 and a target of $12.88, the trade offers a R:R ratio of ~4:1.
Confirmation Signals
Break of the $3.50 resistance will strongly confirm Wave 3 initiation.
Increasing volume and MACD bullish crossover are essential for validating the impulsive move.
RSI moving above 50 will confirm upward momentum.
Conclusion
The updated price levels and Fibonacci projections align well with the start of Wave 3. The $2.20-$3.01 range presents an excellent accumulation zone, while the first major resistance at $3.50 must break to confirm the bullish wave count. Maintain tight risk management, and monitor volume and momentum indicators for entry confirmation.
Gold Spot Price Action and SMC Analysis: Potential Buy SetupOANDA:XAUUSD Gold Spot Price Action and SMC Analysis: Potential Buy Setup
Chart Analysis:
The chart shows the Gold Spot price against the U.S. Dollar (XAU/USD) on a 4-hour timeframe, published on TradingView. The chart is annotated with various technical analysis tools and indicators, including trend lines, Fibonacci retracement levels, volume profile, and moving averages.
Price Action Analysis:
The price is currently in an uptrend, as indicated by higher highs and higher lows.
A significant bullish breakout (BOS - Break of Structure) is observed above the previous resistance level around 2700.
The price is trading above the 50-period moving average, which is acting as dynamic support.
Smart Money Concepts (SMC):
The chart shows a clear accumulation phase followed by a markup phase, indicating strong buying interest.
The price has broken above the key resistance level (BOS) and is now retesting this level, which could act as support.
The volume profile shows a high volume node around 2647.986, suggesting strong support at this level.
ICT Elliott Wave Analysis:
The chart displays an Elliott Wave pattern with labeled waves 0-1-2-3.
The current price action suggests the completion of wave 3, with a potential retracement to wave 4.
Fibonacci retracement levels are drawn from the low of wave 2 to the high of wave 3, with key levels at 0.382 (2703.61456), 0.5 (2697.075), 0.618 (2690.53544), 0.705 (2685.7139), and 0.786 (2681.22488).
Buy Strategy:
Entry: Buy at the retest of the breakout level around 2700.
Take Profit 1 (TP1): 2721.420 (21.42 pips)
Take Profit 2 (TP2): 2726.295 (26.295 pips)
Stop Loss (SL): 2685.7139 (14.2861 pips)
VIP Signal:
Entry: 2700
TP1: 2721.420 (21.42 pips)
TP2: 2726.295 (26.295 pips)
SL: 2685.7139 (14.2861 pips)
This analysis integrates various strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave Theory, to provide detailed buy strategies. The key levels identified offer optimal entry and exit points, ensuring a balanced risk-reward ratio for traders.
XAU/USD Elliott Wave Analysis: Eye on the Powerful Wave 3OANDA:XAUUSD XAU/USD: Elliott Wave Analysis: Eye on the Powerful Wave 3
Capitalizing on Wave 3
Elliott Wave Analysis
Upon inspecting the Gold Spot (XAU/USD) chart:
Wave Count: It appears that the market is currently in the middle of an impulse wave. We are likely in wave three (the most powerful and extended wave), which is typically the most lucrative wave for trading.
Current Structure: The market previously completed waves 1 and 2. Wave 3 is in progress, potentially subdividing into smaller impulsive waves.
Fibonacci Levels:
For wave 3, the Fibonacci extension levels 1.618 and 2.618 are critical for take-profit targets.
For wave 4, a retracement back to Fibonacci levels 0.382 or 0.5 is probable.
Wave 5 should also consider the 0.618 extension for future movement.
Buy Strategy
Entry: After the completion of wave 4 retracement (around Fibonacci levels 0.382 or 0.5).
Take Profit 1 (TP1): Fibonacci extension level 1.618.
Take Profit 2 (TP2): Fibonacci extension level 2.618.
Stop Loss (SL): Below the start of the current impulse wave (wave 4).
Sell Strategy
Entry: After the completion of wave 5, when a new corrective wave is expected to start.
Take Profit 1 (TP1): Fibonacci retracement level 0.382.
Take Profit 2 (TP2): Fibonacci retracement level 0.5.
Stop Loss (SL): Above the recent high.
VIP Signal
Buy Signal:
Entry: 2740
TP1: 2784 (440 pips)
TP2: 2835 (950 pips)
SL: 2720 (200 pips)
Sell Signal:
Entry: 2840
TP1: 2800 (400 pips)
TP2: 2750 (900 pips)
SL: 2860 (200 pips)
This analysis incorporates Elliott Wave principles, Fibonacci levels, and key indicators displayed on the chart to provide a comprehensive trading strategy. Happy trading!
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GOLD → The bulls are fighting for 2750. ATH is close!FX:XAUUSD is in a bull run phase due to rising risks. The price is testing new highs and trying to consolidate above key resistance. Trump's speech is ahead and high volatility should be expected.
Gold price is consolidating in the bullish zone after breaking through the three-top resistance. Traders are analyzing the impact of President Trump's tariff policies, which have caused uncertainty in the markets and weakened demand for the dollar and bonds. Meanwhile, support for gold prices is provided by optimism from China's measures to stimulate stock markets.
Investors' attention is focused on US economic data, including weekly jobless claims and Friday's PMI from S&P Global, which could affect expectations for a Fed rate cut. Weak statistics will reinforce forecasts of two rate cuts this year, which supports interest in gold.
Technically, the focus is on 2750. If bulls hold their defenses above this zone, gold could head towards ATH.
Resistance levels: 2750, 2762
Support levels: 0.5 fibo, 2732
Bullish trend, high risks, politics. Lots of reasons that support the metal. But, today is Trump's speech, and this man knows how to make noise in the market. High volatility is possible. But, in general, gold looks as if it is ready to go up, perhaps it can even renew ATH
Regards R. Linda!
USDJPY → Japan's central bank is about to raise ratesFX:USDJPY cannot continue its uptrend yet. Rumors about possible actions from the central bank of Japan will appear. The dollar in the meantime continues to rise....
158.46 is a rather strong resistance formed by the bears, who continue to put pressure on the market. This week, we expect active actions from the Central Bank of Japan, namely - raising interest rates. In general, this phenomenon is quite rare, but it can support the currency pair very well. If the Japanese decide to take such actions, the currency pair may continue the correction from 0.5 - 0.7 fibo. Priority targets in this case may be the zones of interest at 153.24, 151.94.
Resistance levels: 156.56, 157.22
Support levels: 155.1
Price fixing below 0.5 Fibo or below 155.95 may provoke aggressive selling. The decision on rates in Japan will take place on Friday, until then the price may be in consolidation....
Regards R. Linda!
SAGA Long OpportunityThis is the type of trade which I take without thinking twice.
Bottom with bullish RSI divergence
Higher high without divergence
Impulsive pattern to the upside, corrective pattern to the downside
Low risk, high reward
You can enter half or 1/3 position here and wait and see, if the SL is hit, makes little impact.
RAYSOLRaysol, one of the best project seen in last 2-3 months, thinking that i missed to open position for this project, according to o the Elliot Impulse Wave, i will hope to have a correction and catch it at the marked price for spot hold.
watching how has performed all this time, i am pretty sure this project will be very strong in the upcoming months.
Alikze »» SOL | Ascending channel - 4H🔍 Technical analysis: Wave 2 correction in the ascending channel and after its completion, the third upward wave will begin
📣 KUCOIN:SOLUSDT
🟢 Solana was reviewed on the daily timeframe in the previous post, where it faced demand after reaching the golden zone and continued its growth to the supply zone.
💎 Solana is currently facing selling pressure in the supply zone, which could face demand as a pullback to the swing and break the previous supply zone towards the $350 ~ 380 target.
🔔 In addition, if Solana touches the golden zone again, the bullish scenario should be re-examined and revised.
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avax drops to $8gm,
i came up with this theory a few years ago, and it's been lingering in the back of my mind ever since. it's one of the primary reasons i exited near the recent highs and have been sitting on my hands ever since.
you can check out my original theory here:
keep in mind that 98% of my work is completely private,
shared only with the members of lunar syndicate 9.
---
i’ve decided to make this idea public today, mainly because, well…
ain’t nobody gonna believe me anyway xD
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so here it is:
over the next month or two,
avax is likely to drop down to $8,
where a multi-year bottom will form!
if we get it, buy the dip with both hands.
nothing lost if we don’t.
🌙