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Elliott Wave

Is HCLTECH done? HCLTECH has had a phenomenal run from ₹12.9 in September 2001 to ₹2,012.2 earlier this month, a growth of ~15,500% in 279 months, averaging 40% annually. But is it all about to end? 5/35 MACD, which I love to use to validate my EW count is showing a massive divergence on the weekly charts combined with a big high-volume engulfing bar concurrently taking shape. I can also count clear 5 waves on the monthly charts. Based on my calculations, I can see two targets on the downside: 1418 and 970 . Do share your opinions below. Best!
NSE:HCLTECH
by akg1249
BTC/USDT : 200 day MA is key support to a massive $160,000 jump.Hello Traders, A compelling pattern is forming for CRYPTOCAP:BTC . Considering how BTC interacted with the 50 day MA from November 2023 to March 2024, with BTC retesting at $40,000 in January and then surging to $73,000 in March, if history repeats, the 2025 bull run could potentially send BTC to $160,000 within three months. Technically, BTC broke through the 50-day MA resistance from above and from $48,000 it declined by 20% towards the 100-day MA trendline to have rest at $38,000. From the 100-day MA trendline, BTC then rallied by 90% all the way up to $73,000. If this historical move were to repeat, BTC would likely encounter the 100-day MA trendline to fall 20% at $85,000 before another 90% surge towards $160,000 🚀🚀🚀. Play safe, #DisciplineWithStopLoss before you invest and keep close eyes on 50 & 100 day MA trendlines 🤞 #ChartPatterns #SwingTrading #BTCUSD #PatienceIsKey #RektProofTrade #ProtectYourCapital
Long
by hp_charts
4
Citigroup ($C): Fourth Test of Key Levels Since 2018The shares of Citigroup gained an impressive 7% today following its earnings report, which delivered a beat ✅. The company is projecting revenue between $83.5 billion and $84.5 billion for 2025, up from $81.1 billion last year and $77.1 billion in the year prior (excluding divestitures). Positive news for both the company and its investors! We’ve been monitoring NYSE:C but haven’t found a trigger yet—this might change soon. The stock is approaching its most significant resistance zone since 2018, a level tested three times in the past. Could the fourth test finally break through? We remain cautious, expecting that another pullback, even a minor one, might be necessary to push past $83. If this pullback materializes, we’ll evaluate opportunities to position ourselves. Currently, there’s a bearish RSI divergence, and unless the stock can make a higher high compared to 2021, another major pullback remains possible. However, a short position doesn’t align with our strategy at the moment. We’d need to see a lower time frame structure change to consider that route. This stock doesn’t lend itself well to Elliott Wave analysis as it has been trending sideways for years, and we’re not forcing patterns onto it. Stay alert for future opportunities on NYSE:C
NYSE:C
by freeguy_by_wmc
SOL - 1H Elliott Wave AnalysisGreetings, this is our current Elliott Wave Count for Solana. Solana could have potentially bottomed on the 13th January at 168.88 USD in the blue Wave 4 or blue Wave 2. We do prefer to label it as blue Wave 2 as the retracement is deep for a Wave 4 but technically not invalidated. For the short term count that does not matter. If Solana did bottom we would want to see a rally in blue Wave 3 or blue Wave 5 to start now. The recent rally could've been the first Wave of this move to the upside. We do count that as white Wave 1 and are looking for a corrective retracement as red Wave ABC which would bring price into the white Wave 2 support area. White Wave 2 support sits between the 0.5 FIB at 185.52 USD and the 0.786 FIB at 176.00 USD. If white Wave 1 extends to the upside the white Wave 2 support will move up too. Be aware if we break this support area we assume the we are resetting blue Wave 2 just a bit lower. If you are interested in the higher timeframe support area and the bull market targets I recommend you reading the 1D Elliott Wave Analysis for Solana which will be linked below in the notes. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
XRP - 1H Elliott Wave AnalysisGreetings, this is an update for the Elliott Wave count of XRP. We broke out of the Elliott Wave Triangle that was communicated in the last posts. We assume that the green Wave 4 has finished with this Elliott Wave Triangle and we started the green Wave 5. We count the recent move up which was the breakout as blue Wave 1 which could be finished but there is still the potential of further extension. After blue Wave 1 finishes we want to see a corrective retracement in red Wave ABC which would finish the blue Wave 2. The support area of blue Wave 2 sits between the 0.5 FIB at 2.6144 USD and the 0.786 FIB at 2.3774 USD. We added the 0.382 FIB at 2.7121 USD to the blue Wave 2 support area as XRP tends to have aggressive breakouts which could mean we get a shallow Wave 2. The blue Wave 2 support area will move up if we get further extensions to the upside. Congratulations to everybody who entered on the blue Wave E support area! :) Thanks for reading. NO FINANCIAL ADVICE.
by KanashimiBro
BTC - 4H Elliott Wave Count (part 2 of 2)Greetings, this is my current Elliott Wave count for Bitcoin. This time it is a bit different as I will do two separate post one containing the bullish count and one containing the bearish count. I split it up into two posts to keep the chart clean so it is easier to understand and I highly recommend reading both as none of them is preferred at the moment. I do post both counts now instead of waiting for clarity so everybody has time to prepare and get ready as the price might move fast especially with more news tomorrow the 16. January and the inauguration of Trump next Monday the 20th January. The counterpart counts will respectively be posted in the notes down below. The bearish count: In this count we assume that we are still working on the red Wave C and the recent rally is just the white Wave 2 which would be followed by an impulsive Wave 3 in white. The white Wave 2 unfolded in the orange ABC as an expanding Flat with the orange Wave B hitting the 1.38 extension of orange Wave A which is a common target for an overshooting B Wave. The white Wave 2 support area is between the 0.5 FIB at 96908.9 USD and the 0.786 FIB at 100257.0 USD. We are currently trading within it. Be aware that a sustained break above the 0.786 FIB at 100257.0 USD is the first indication that the blue Wave 4 has finished at the 88909.0 USD on the 13th of January. Noteworthy is that 100k is a psychological level and we might test it, which would go beyond the 0.786 FIB at 100257.0 USD but as long as it is a wick and not a sustained break that would be acceptable. If white Wave 2 is finished potential targets for the white Wave 3 would be the 1 to 1 FIB at 88040.3 USD, the 1.236 FIB at 85277.6 USD, the 1.38 FIB at 83591.9 USD and the 1.618 FIB at 80805.8 USD. Important is that we see an impulsive five Wave move down now. Thanks for reading. NO FINANCIAL ADVICE.
Short
by KanashimiBro
BTC - 4H Elliott Wave Analysis (part 1 of 2)Greetings, this is my current Elliott Wave count for Bitcoin. This time it is a bit different as I will do two separate post one containing the bullish count and one containing the bearish count. I split it up into two posts to keep the chart clean so it is easier to understand and I highly recommend reading both as none of them is preferred at the moment. I do post both counts now instead of waiting for clarity so everybody has time to prepare and get ready as the price might move fast especially with more news tomorrow the 16. January and the inauguration of Trump next Monday the 20th January. The counterpart counts will respectively be posted in the notes down below. The bullish count: In this count we assume that the red ABC is finished and with it the blue Wave 4 bottomed during the 13th January at 88909.0 USD and we started the blue Wave 5 which could be the last rally in this bull market. The recent move up could be 1st Wave of the impulse displayed as white Wave 1 here. Next we are looking for a retracement in white Wave 2. Wave 2 support sits between the 0.5 FIB at 94327.8 USD and the 0.786 FIB at 91228.2 USD. After we get the orange Wave A and B we can calculated further targets for orange Wave C which would finish white Wave 2. Important is that the coming retracement is in a corrective fashion and not an impulsive. If we see five Waves down now this could be the first indication that the bears are in control and we might get a lower blue Wave 4. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
Gold Analysis==>>Still Chance to Fall by Wedge Pattern!!!Gold ( OANDA:XAUUSD ) is moving in the Support zone($2,671-$2,653) and managed to break the Support line . According to the theory of Elliott waves , Gold seems to have completed the Double Three Correction(WXY) . In terms of Classic Technical Analysis , the Ascending Broadening Wedge Pattern is still valid , although, after the announcement of US rates , this pattern was slightly challenged. Also, we can see the Regular Divergence(RD-) between Consecutive Peaks. I think Gold will fall to at least $2,651 in the coming hours. This week, US indexes can affect the Gold trend , so be careful about your positions when the index is published. The most important economic indexes of the US this week : Core PPI m/m, PPI m/m = Tue Jan 14 Core CPI m/m, CPI m/m, CPI y/y = Wed Jan 15 Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims = Thu Jan 16 ⚠️Note: If Gold goes over $2,700, we can expect more pumps⚠️ ⚠️Note: If Gold closes a 4-hour candle below 50_SMA(Daily), we can expect a break of the lower line of the wedge pattern.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; 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.
OANDA:XAUUSDShort
by pejman_zwin
22
CADCHF Elliott Wave AnalysisHello friends In the CADCHF currency pair, we expect the price to grow, but why? In this currency pair, we are witnessing the formation of 2 5-wave patterns and 2 zigzag patterns, which can be called 1 or A and 2 or B and 3 or C. In my opinion, considering the price drop and the formation of these patterns, it is evidence of a price reversal. Therefore, I expect the formation of wave 5. I also consider the stop loss at 0.62100. If our theory is correct, we expect the price to grow to the level of 100% and then 161.8% Fibonacci. To support me, I recommend installing the Trading View application on your phone and see my analyses and support me with your comments and Boost. Be successful and profitable.
Long
by M_Gheysvandi
EURUSD Elliott WaveHello friends In the EURUSD currency pair, we are witnessing the formation of a 5-wave bearish pattern, which indicates a decrease in the value of the euro and an increase in the value of the dollar (due to President Trump's policies in the future). This 5-wave bearish wave is completing wave 5 of 5. This means that the price decrease will continue for now. This decrease to the 1.0200 range is certain. But after the White House is handed over to Trump and the cabinet is determined, the price will increase and we expect the price to grow in a corrective wave and then we will see further price declines. Good luck and be profitable.
Short
by M_Gheysvandi
XRPUSDHello friends In the Ripple digital currency, we are witnessing the formation of a 5-wave bullish pattern. Of course, this pattern can also be a zigzag with wave C extended! But we assume 5 bullish waves. Currently, waves 1 to 4 have formed and we are waiting for wave 5 to form. If the price moves upwards from the 2.35 range, our hypothesis will be confirmed and we can enter a buy trade and set the stop loss at the 2.25 range. The price target can also be the 2.57 or 2.67 range, depending on the extension of wave 3. But if it breaks down from the range, it will drop to the 2.14 range. Good luck and be profitable.
BITFINEX:XRPUSDLong
by M_Gheysvandi
$SPY January 15th, 2025AMEX:SPY January 15th, 2025 15 minutes As the numbers are below 200 averages in 15 minutes, I will short. For the fall 595 to 575 we have ascillator divergence, therefore, taking 575.35 as the low, drawing extension for the move 575.5 to 585 to 578.35, we have a first target of 588 and second target of 594 levels For the fall 597.75 to 575.35 we have 0.618 retracement at 590 - 591 levels. That is the level I will short. However, we have 200 averages at 588 levels, therefore the short will give us only $2 profit. Since the risk to reward is not good, we have to wait for the first 15 minute bar to form to see how the close is located, either near top or near bottom. As written many times, gaps which are unfilled are strong, therefore if we get the first bar close near top, keeping the low of the bar as stoploss, we have to go long. The reason is the values become above 200 averages, therby triggering a buy.
AMEX:SPY
by RiderTrader
4
IFAI think the stock complete five Elliot-Wave .. now time to corrective wave take it to down then will start new and strong wave.. will take time to reach the box bcz analysis based on weekly timeframe اعتقد انه اكتمل خمس موجات صعودية والحين وقت التصحيح الى الصندوق اذا الله كتب بعدها بنشوف له صعود قوي ... يحتاج وقت للوصول الى الصندوق.. كل التوفيق This Is Not Financial Advice.
KSE:IFAShort
by Hmdalajmi