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Elliott Wave

XAU/USD Elliott Wave Count: Preparing for Final ImpulseXAU/USD appears to be in a textbook 5-wave impulsive structure on the 4H chart, with the market now completing Wave 4 as a classic ABC corrective flat/pennant. The impulsive move from the Wave 2 low has formed clear internal substructures, with Wave 3 exhibiting extended price action, consistent with Elliott Wave guidelines. Currently, price is consolidating in a contracting pattern labeled Wave 4 (A-B-C), which looks to be near completion. Based on wave symmetry and Fibonacci projections, a strong upside move is anticipated once Wave 4 concludes, leading into the final Wave 5 rally. Entry Zone: 3286.875 Target: 3367.440– 3410.210 Stop Loss: Below 3260.190.
OANDA:XAUUSD
by Money_Dictators
2
GOLD → The chances of a further decline are growing...FX:XAUUSD continues to test support at 3270 for a breakout. Any de-escalation of the conflict between the US and China could trigger a price drop. But it's not that simple... Gold under pressure amid tariff war and ahead of US data On Monday, gold is testing last week's low of $3260, remaining under pressure from a strengthening dollar and easing trade risks between the US and China. Investors are preparing for the release of key US GDP and labor market data, which could influence expectations for Fed rates. Against this backdrop, the correction in gold could be replaced by growth if macro statistics turn out to be weak and geopolitical risks remain. Another retest of support could trigger a breakout. It is necessary to monitor the situation between China and the US. Any de-escalation will trigger a decline. Resistance levels: 3299, 3326 Support levels: 3268.9, 3245, 3232 Since the opening of the session, the potential for a further decline has been exhausted. Gold may strengthen to the indicated resistance zones. A false breakout of 3300/3326 could trigger a decline, which could bring the price closer to the support breakout of 3270. With respect, R. Linda!
FX:XAUUSDShort
by RLinda
29
EURUSD Elliott Wave: EUR Trend is MatureThe rally for EURUSD has been spectacular. The uptrend is nearing its point of exhaustion, if it already hasn't seen the top. We've anticipated a large uptrend since the trend change in January. There are 2 colored labels on the chart, red and black labels. RED AND BLACK WAVE COUNTS The RED labels imply a high in wave 1 and EURUSD is declining in wave 2. Wave 2 likely stretches down to 1.07-1.12 and may take 1 to 3 months to develop. The market geometry within this rally fit really well on the red. However, the lack of RSI divergence at the end of wave 1 is a little worrisome. Typically, we'll see wave ((v)) diverge on RSI relative to the high of wave ((iii)). The black is a slight variation of the red. BLACK suggests the recent high wave wave ((iii)). A little more dip and correction is wave ((iv)). Then, one more rally in ((v)) to finalize the larger degree wave 1. Either way, the trends in EURUSD are skewing to the downside. Since wave 2 is a corrective wave, it'll be a difficult one to trade. If you want to trade USD strength, consider buying USDCAD or shorting AUDUSD. From lower levels (1.07-1.12) in about 1-3 months, a bullish setup in EURUSD and GBPUSD are likely to emerge for another powerful run.
Short
by JWagnerFXTrader
USDCHF | 15M | Needs to break for uptrendHey there my friend; I’ve prepared my analysis of USD/CHF for you. For USD/CHF to move into an upward trend, it needs to break out of the parallel channel. Once it breaks out of the parallel channel, I’ll share the target levels with you. Dear friends, your likes are always my biggest source of motivation for me to share analysis. For this reason, I would like to ask each and every one of my followers; please do not miss your likes. I sincerely thank everyone who supports me with their likes.
by TraderTilki
Bitcoin NEoWave AnalysisBased on the wave count, it seems that Bitcoin has entered a new uptrend after completing a long-term correction in the form of a neutral triangle pattern. Since the first wave of this uptrend has an impulse structure, it can be said that a bullish zigzag pattern is taking shape, and we are currently in wave B of it. Based on the analysis, wave B of the zigzag can develop into a neutral triangle, with wave D continuing to the $100,000 or $110,000 level, and wave E can also retrace about 38% of it. With the completion of wave B, the price can enter wave C with a target of $158,000 to $180,000.
INDEX:BTCUSDLong
by ArshiaRahimi
7
SPY Green Light to All Time Highs?As VIX is sitting around 25, this is the first Monday in I can't remember how long we aren't gapping down at open! I'll take it! There is a ton on the calendar this week: jobs, first print for Q1 GDP, PCE, ISM mfg, and a ton of consequential earnings! Not to mention will we get a couple deals announced this week. Feels like India, UK and Japan are close. This could spur a market rally to continue! Did a ton of work on Elliott this weekend, but didn't create a video. Essentially, since we closed in the wave 1 of the red C leg (on daily and weekly basis), we have invalidated a chance of a fifth leg lower (thank God!). This means we are in first impulsive intermediate 5 wave that should go to all time highs (next Apr)! Since we already have two minute impulsive waves that were similar in size, we likely will finish the minor wave 3 as pictured and then since 1 & 3 of minor waves will be similar in size the impulsive 5 wave target will be as pictured as well. Remember it is simply the net of waves 1 through 3 times 0.618 and add that to the finish of wave 4 in either case. After wave 3, we will get a pullback, but this will be a buy the dip opportunity finishing the 5th wave around 580ish. After this we will get a deeper corrective wave but if sentiment is positive it may be shallow, only 38% to 50%, so will want to re-evaluate at that point! This is why it is important if you are investing not to FOMO, as there will be many opportunities to buy the dip!
AMEX:SPYLong
by KingTrading999
Stromm | S&P 500 & NASDAQ a RESISTANCE is NearThe S&P 500 and the Nasdaq are basically moving in lockstep right now — their structures look almost identical. Starting with the S&P 500: We’re currently trading into a 4-hour Fair Value Gap between $5,546 and $5,634, Sitting just under a 4-hour Order Block that could trigger a short-term reaction. At the moment, though, it doesn’t really look like we’re going to flush all the way back down toward the $5,000 level (2-hour Order Block sitting much lower). More likely? This 4h Order Block just gives us a brief pullback, a minor reaction — and then price pushes higher again. This would line up perfectly with my original scenario of Wave A completing around $4,805. Personally, I’m already positioned around $4,800, so obviously, I'd love to see that level hold and price continue moving higher — ideally heading toward $6,000. That would be the perfect extension — but nothing is guaranteed yet. Still, structure right now leans bullish unless we see a sudden breakdown. Now, for the Nasdaq CME_MINI:NQ1! : Almost the same setup — We have a 2-hour Order Block just above the current price, acting as short-term resistance, And another 2-hour Order Block way lower, which now seems less likely to be tested unless something drastic happens. So for the Nasdaq, the most realistic short-term scenario: Hit resistance at the current 2h Order Block, Maybe a small pullback toward 18,900–19,000, Then continuation higher toward 20,000 or even 21,000 over the next few weeks.
FX:SPX500Long
by stromm
1
Ethereum: The biggest Opportunity in 2025!Ethereum is following Bitcoin—but with way worse performance. While BTC is still holding up relatively well, ETH has dropped all the way back to March 2023 levels, wiping out the entire rally. Since its top, Ethereum is down over 63%. 😮‍💨 Still—or maybe because of that—I’m beginning to slowly scale into spot positions here. Yes, we could fall further. I’ve got limit orders set lower, specifically around $1,260, which aligns with the 88.2% Fibonacci retracement and the midpoint of the monthly order block. That’s a key zone I’ll be watching if price keeps dropping. That said, this Wave (2) should be nearing its final stage. The sell-off has been steep, and if we lose $804, that would flip Ethereum’s entire monthly structure bearish—a scenario I’d consider extremely negative. I don’t expect ETH to suddenly blast past $5,000 from here, but at these levels, I see a clear opportunity to build longer-term spot exposure—and that’s exactly what I’m starting to do now.
Long
by stromm
PalantirPalantir has continued to push higher, but if you look at MACD, it is running into resistance. Also, it is within the white target box for an impulsive wave, and has officially hit the yellow 1.0 if it is to be an abc pattern for the (a) of minor B. Due to the impulsive looking structure it seems to be turning into, and the duration/level of this move higher, I am officially making the bullish count my primary. That being said, the yellow count can still play out, but given the current price action and time duration, I find the white count most plausible. We're due for a consolidation lower regardless of what count comes to fruition. Both patterns point to an abc move next to the $80 area if it is to be standard. The part that comes after that is what will answer the question of which count is correct. Once we get that move lower, if it is in the form of an abc, I will try to enter into a long position around the 0.618 retracement fib. That will be the least risky place to enter. If the white count is what is playing out, then a minor wave 3 will come after the consolidation lower. If the yellow count is to play out, then it will be a minor C wave that takes us to the $120's. Either way you look at it, I am forecasting price to move significantly higher after our next move lower. Let me know if any questions linger. I have added an orange label above the white box to signify we can still very easily get another high for minor wave 1. Once we do have a top in, I will add some retracement fibs to track the move lower.
NASDAQ:PLTR
by TSuth
1
TeslaI hope y'all had the opportunity to buy into Tesla last week. As for me, I bought in @ $237 and sold @ 284.20. I only had 25 shares but made a nice 20% profit in about one week. It's trades like these that build your account and create wealth in the very long-term. Yes, I sold before we made it into the target box, but you have to remember, this is a larger (B) wave we're currently in. They can be very complex and unpredictable at times. Price is right in the area of the 0.382, it hit the smaller red 1.0, and has made a new high above the a wave made on 09 April. I would like to see it breach the (a) wave high of 25 March, but that isn't required. This means it has all the pre-requisites of completion. Will it hit the target box for another high? I think so, but I'm not greedy or try to top tick. 20% profit is good enough for me. The last thing I want to happen is the volatility of Tesla kick in and lose all the profits I just made. Don't be so scared of missing POTENTIAL profits that is causes you to lose the ones you ALREADY earned. All that being said, I find it likely that we make another high into the target box due to the structure. It looks like it needs one more slight high. The red box is the "sweet" spot, but price can top at any moment. Also, if you look at MACD, it is coming into the trend line and thus is running into resistance. This should make you think a local top is near if not already struck. Let me know if y'all have any questions. P.S: Don't ask me if you should sell. I already stated I sold my shares and cannot give you financial advice. Trade according to your own portfolio / risk tolerance.
NASDAQ:TSLA
by TSuth
BITCOIN → Consolidation or reversal? Why is $ 95000 important?BINANCE:BTCUSD held up quite strongly during the tariff war and largely weathered the storm, while the stock market and indices were in free fall. The improvement in the fundamental situation has once again heightened interest in the asset among traders and investors. Earlier, I pointed out that against the backdrop of falling markets (due to Trump's policies and tariff wars), Bitcoin is holding up fairly well. It cannot be compared to gold, which maintains its status as a safe haven, but overall it has stayed out of the 73K risk zone. Countries are continuing negotiations in the US, which generally points to an improvement in the trade situation, but all attention remains on relations between China and the US, and a resolution may be close. Technically, on the daily/weekly timeframe, the price has broken through the trend resistance and the asset has moved from the sell zone to the buy zone, which in general only increases interest in the flagship. Bitcoin is stuck in the 95K-92K range. A false breakout of resistance provokes a correction, and now we need to monitor the price and see where the correction will stop. This will show us important support that could become the basis for consolidation. Resistance levels: 95K, 100K, 102.5K Support levels: 93.5, 92.9, 92, 91K To break through 95K and continue growing, Bitcoin must form consolidation. There is none at the moment, and a correction and halt may indicate the approximate boundaries of consolidation. However, the focus is on 95 - 93.5 - 92K. If the price manages to stay within the local boundaries and continues to storm the 95K resistance, we will have a chance for a breakthrough and continued growth to 100K. Otherwise, Bitcoin may form a deeper correction, for example to 91-88K Best regards, R. Linda!
Long
by RLinda
24
Bitcoin Alternate Bearish CountsThere are quite a number of things I don't like about this count, but then as I've mentioned before, I always keep 2 counts and this will serve as a reference for a bearish scenario. In terms of risk-reward, for the purpose of trading, I actually favor this count because the stop loss is clear. Sometimes, I trade the alternate count because the risk is much lower than the primary count and a mistake (i.e. loss) can be recovered by flipping the trade direction when I'm stopped out. However, such trading is very involved and active and not recommended for everyone. Good luck!
BINANCE:BTCUSDShort
by yuchaosng