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Elliott Wave

ELLIOTT WAVE EURUSD Daily update EW Trade Set Up daily minute ((i)) seems finished H4 scenario 210725: the price upward movement from 1.1557 area on 17/07/25 has broken decisively 1.1684-1.1705 area but it had not the strenght to go further so that the lagging span (green line) could break upward the leading span B (red line). A decrescent high has been registered at 1.1800 area on 24/07/25. In this new scenario it looks like that the impulsive movement that started from 1.0180 on 13/01/25 finisced at 1.1834 on 010725 in the minute wave (i). (EWO divergence, break down of the upward (ii)/(iv) channel). So i have to register that a correction to minute wave ((ii) has started key levels VP area 1.1800 1.1370 POC 1.0850 note : monitor the price reaction at any supports level: VP area and LVN
by francescoforex
NIKE Confirms A Bullish Reversal With An Impulsive RecoveryWe talked about Nike on July 10 with our members, where we mentioned and highlighted a completed higher degree ABC correction in wave IV on the monthly and weekly charts. Today we want to represent a closer view, as we see a five-wave impulsive recovery away from the lows on a daily chart. It actually confirms the bottom and bullish reversal, but since it can be trading in 5th wave that can stop around 80-85 area, we should be aware of a three-wave corrective setback soon. It can slow down the price back to the open GAP, so ideal buy zone is in the 70-60 area. Invalidation level is at 52. Highlights: Direction: Up, but watch out for a correction Structure: Impulse, Wave 5 in final stages Support: 70 / 60
NYSE:NKELong
by ew-forecast
XAU/USD – Endphase der Circle Wave 1 & Vorbereitung auf die KorrOANDA:XAUUSD We are currently in the final stages of the yellow (Circle) Wave 1 on Gold. We have just completed wave 4. How do I identify wave 4? Simple: 📏 I drew a trendline, and once that trendline was broken, the trend of wave 3 was considered complete. However, we’ve now made a new low, which broke the low of wave 3 — this could very well be our wave A of wave 4 ⚠️. I’m expecting one more final low, potentially around 3252, or even as low as 3200. But personally, I lean towards ~3252 as the likely target 🎯. After that, we should see a move upward into the yellow Fibonacci zone of wave 2 🟡. The path from Circle 1 to Circle 2 will likely unfold as a corrective A-B-C structure to the upside 🔁. Following that, we hopefully get a clean five-wave impulse into our (Circle) Wave 3 🚀.
OANDA:XAUUSDShort
by ElliotXSolana
White House Crypto Report Incoming: Will BTC Pump from Support? One of the important news for Bitcoin ( BINANCE:BTCUSDT ) that was released today was that " White House confirms first Bitcoin and crypto report will be released TOMORROW ". Bitcoin is likely to rise with the release of the White House report . What do you think? At least a temporary pump may be in store for Bitcoin. Bitcoin fell to the Support zone($116,900-$115,730) and filled the New CME Gap( $119,500-$118,295) as I expected in the previous idea . Bitcoin is currently moving near the Support zone($116,900-$115,730) , Cumulative Long Liquidation Leverage($116,828-$115,710) and Potential Reversal Zone(PRZ) . I expect Bitcoin to rise from the Support zone($116,900-$115,730) to at least $118,680(First Taregt) . Second target: Upper line of the descending channel Note: Stop Loss: $114,680 = Worst Stop Loss(SL) CME Gap: $115,060-$114,947 Cumulative Short Liquidation Leverage: $118,827-$118,298 Cumulative Short Liquidation Leverage: $120,144-$119,200 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 a 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
19
GOLD → False breakdown 3310. Consolidation ahead of news...FX:XAUUSD is forming a false breakdown of support at 3310, thereby confirming the boundaries of the trading range. The dollar is testing strong resistance within the global downtrend. And in the near future, we can expect more economic news... Gold is trading below the key resistance level of $3345, remaining in a narrow range ahead of the Fed's decision and US GDP data for Q2. Weak data could reinforce expectations of a rate cut and support gold, while strong data would strengthen the dollar. The Fed is likely to keep rates at 4.25–4.5%, with markets pricing in a 64% chance of a 25 bps cut in September. Investors are waiting for signals from Jerome Powell, with a possible split within the Fed: some members may support calls for easing, which would be a driver for gold. Technically, the situation on D1 is quite interesting. Gold is still below the previously broken trend resistance, but there is no continuation of the momentum. Buyers are reacting to support at 3310, but the market is stagnating due to uncertainty ahead of the news... Resistance levels: 3345, 3375 Support levels: 3320, 3310, 3287 Thus, from a technical analysis perspective, I expect a retest of 3345, followed by a pullback to support at 3320, from which gold could move higher (if the bulls take the initiative), but if 3320 breaks and 3310 comes under pressure, gold could test 3287. Again, the emphasis is on trend support (the upward line) in the 3335-33450 zone. If the price can consolidate in this zone, we will have confirmation that the price has returned to the boundaries of the upward trend. Best regards, R. Linda!
FX:XAUUSD
by RLinda
17
USDCHF → The resistance retest ended with a false breakoutFX:USDCHF tested resistance at 0.805 - 0.806 and formed a false breakout without the possibility of continuing growth. The global trend is downward... Against the backdrop of the dollar's growth (reaction to news), the currency pair also moved to distribution to 0.8050. The price failed to break through resistance, forming a false breakout. USDCHF is consolidating below resistance, and a breakdown of the local structure could trigger a decline. The dollar index is also facing fairly strong resistance and may continue its downward trend, which will also affect the decline in the USDCHF price. Resistance levels: 0.805, 0.806, 0.81 Support levels: 0.800, 0.794, 0.791 If, within the current consolidation, the price begins to fall and break the local structure, then we can expect the decline to continue towards the specified targets! Best regards, R. Linda!
Short
by RLinda
4
GBPUSD Elliott Wave Insight Bounce Should Fail Into Support ZoneThe GBPUSD is trading in higher high sequence from 9.22.2022 low in weekly. The bounce is corrective Elliott Wave sequence & expect further upside. It favors pullback in proposed 7 swings from 7.01.2025 high & extend into 1.3162 – 1.2898 area, while below 7.23.2025 high. It should find buyers into extreme area for next leg higher in daily or at least 3 swings bounce. In 4-hour, it started correcting lower from 7.01.2025 high. It ended W at 1.3362 low of 7.16.2025 & X at 1.3589 high of 7.23.2025 each in 3 swings. Below X high, it favors downside in Y in 3 swings as it broke below 7.16.2025 low, expecting into extreme area. Within W, it ended ((a)) at 1.3523 low, ((b)) at 1.3620 high & ((c)) at 1.3362 low. Above there, it placed ((a)) at 1.3486 high, ((b)) at 1.3371 low & ((c)) as X connector at 1.3589 high. The double correction unfolds in 3-3-3 structure, which will complete, when current bounce fails below 7.23.2025 high to new low into extreme area. It ended ((a)) of Y into 0.618 – 0.764 Fibonacci extension area of W & expect 3 or 7 swings bounce in ((b)). Below X high, it placed ((a)) of Y at 1.3305 low & favors bounce in ((b)) in 3 or 7 swings against 7.23.2025 high. Within ((a)), it ended (i) at 1.3528 low, (ii) at 1.3563 high, (iii) at 1.3413 low, (iv) at 1.3543 high & (v) at 1.3305 low. Above there, it favors bounce in (a) of ((b)) and expect small upside before it should pullback in (b). The next pullback in (b) should stay above 1.3305 low choppy price action before continue upside in (c). Ideally, ((b)) can bounce between 1.3413 – 1.3481 area as 0.382 – 0.618 Fibonacci retracement of ((a)) before continuing lower. Wave ((b)) bounce expect to fail below 1.3591 high before extending lower in ((c)) into 1.3162 – 1.2898 to finish double correction. Because of higher high in daily since September-2022 low, it should find buyers in extreme area to resume higher. It expects sideways to higher until FOMC event followed by selloff, while bounce fail below 7.23.2025 high. We like to buy the pullback into extreme area for next leg higher or at least 3 swings reaction.
by Elliottwave-Forecast
#Banknifty directions and levels for July 30th: What can we expect today? In the previous session, both Nifty and Bank Nifty took a solid pullback after the gap-down start. However, neither of them broke the 38% Fibonacci level in the current swing. So, unless the 38% level is broken, we should continue to approach the market with a bearish view. At the same time, key parameters have been lagging recently, which has made it difficult for the market to take a clear direction. My primary expectation is consolidation within the previous day's range. However, if the market breaks the bottom with a solid structure, then we can expect the correction to continue.
NSE:BANKNIFTY
by Manickamtraders
Bitcoin Rejected Near $120K – Bears Wake Up!First of all, I have to say that Bitcoin’s movements over the last 12 days have been a bit difficult to trade , generally, the hardest market to make a profit in is the range market with a swing movement . Bitcoin( BINANCE:BTCUSDT ) is currently trading near the Resistance zone($121,000-$119,500) , Cumulative Short Liquidation Leverage($121,336-$120,000) , and the upper line of the descending channel . Since Bitcoin has lost support lines , we can consider this increase in Bitcoin over the last two days as a pullback to the support lines(broken) . Do you agree with me!? In terms of Elliott Wave theory , it appears that Bitcoin is still completing the main wave B. The main wave B is a Regular Flat(ABC/3-3-5) . The structure of the microwave B of the main wave B was a Double Three Correction(WXY) . Additionally, the SPX 500 index ( SP:SPX ), which Bitcoin is correlated with , is poised for a correction in my opinion, which could also impact Bitcoin . Also, unlike previous Mondays, MicroStrategy has NOT purchased Bitcoin , and the company currently holds 607,770 BTC . Old Bitcoin wallets also seem to be waking up to the fact that they can create movements in the crypto market . " In recent days, 471,867.8 BTC worth $56.39 million have been transferred from old wallets from 2012 to 2017 . ". I expect Bitcoin to decline to at least the Support zone($116,900-$115,730) and fill the CME Gaps in the coming hours . New CME Gap: $119,500-$118,295 CME Gap: $115,060-$114,947 Cumulative Long Liquidation Leverage: $117,401-$116,615 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 a 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
49
GOLD → Formation of a trading range. 3345?FX:XAUUSD confirms support for the local range. A false breakdown has formed and the price has returned to the buying zone. We are waiting for the bulls to take the initiative... Gold is trying to recover after falling to $3302, remaining under pressure ahead of key events in the US: the publication of GDP data and the Fed's decision on interest rates. Support is provided by a pause in the dollar's growth, expectations of an extension of the US-China trade truce, and growing demand for safe-haven assets amid a surge in oil prices due to the threat of new sanctions against Russia. However, the sustainability of growth is in question: the dollar may strengthen thanks to optimism about the US economy and progress in negotiations. A false breakdown of the support range is forming. Focus on 3310-3320. If the bulls keep the price above this zone, gold will have a chance to grow. BUT! If the price starts to contract and stick to 3310, we can expect the decline to continue... Resistance levels: 3345, 3375 Support levels: 3320, 3310, 3287 The two-day movement has most likely exhausted its potential, or the market has decided to recover slightly due to the unpredictability factor. A false breakdown of support could trigger a pullback to the strong level of 3345, from which a rebound could form (either before growth or before the continuation of the decline; it is necessary to monitor the reaction and the market background...). Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
22
SUIUSD Setting Up for a Potential 1-2, 1-2 Pattern — Wave 3 BlasSUIUSD appears to be forming a classic 1-2, 1-2 Elliott Wave setup — a bullish structure that often precedes an explosive third wave rally. In this pattern, we first see a motive Wave 1 followed by a corrective Wave 2, then another smaller-degree Wave 1 and 2 within the larger Wave 3. This kind of nested structure shows strong underlying bullish momentum building up in layers. Once the second minor Wave 2 completes, SUI could launch into a powerful third wave of Wave 3, typically the strongest and most extended move in the sequence. That’s the breakout phase where price accelerates rapidly, often leaving late buyers behind. Watch for confirmation
COINBASE:SUIUSD
by wavetraders