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Elliott Wave

GOLD → Correction before a decline or continuation of the trend?FX:XAUUSD is testing the liquidity zone during the Asian session and forming a false breakout. The metal is recovering, but the fundamental background remains unstable... On Monday, gold is holding steady at around $3,300 amid a weaker dollar and caution among traders ahead of US-China talks and the release of US inflation data (CPI) on Wednesday. Strong NFP data for May strengthened the dollar and lowered expectations for a Fed rate cut. However, domestic problems in the US are putting pressure on the currency... Markets are adjusting positions ahead of CPI. Geopolitics and domestic unrest in the US are holding back gold's decline, despite possible optimism about a trade deal. Technically, the trend is bullish, with the price previously breaking the structure but rising in the Asian session after a false breakdown of the order block and the 3300 liquidity zone. Further movement depends on 3330 - 3340 Resistance levels: 33301, 3339, 3375 Support levels: 3301, 3275 The price is heading towards 3330-3340 for a retest. If the dollar continues to decline and gold manages to consolidate above 3340, the bullish trend may continue. BUT! A false breakout of the 3330-3340 zone could trigger a further decline after the bullish structure breaks down. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
11
Inj Trade Plan📊 INJ Elliott Wave Update 🚀 Zigzag correction ✅ (5️⃣-3️⃣-5️⃣) followed by an ABC flat (3️⃣-3️⃣-5️⃣) — textbook cleanup before liftoff. Wave (b) is in the past — Wave (c) just getting started 🟢 🔹 Wave 1 & 2 are complete 🔹 Wave 3 loading... ⚡ 📍 Targeting: • 1.618 @ $25.61 🎯 • 2.618 @ $142.12 💸 • 3.618 @ $193.99 🚀 🔻 Invalidation below $8.34 (78.6% retracement of wave 1) 🌊 If this count holds — we’re staring at a macro wave 3 explosion. Eyes on the prize. 🧠💥 #INJ #ElliottWave #CryptoTA #Altseason2025 #Wave3Incoming #LongSetup #InjMoonMission #TradingView
Long
by HodlAhmad
1
Triangle Breakout Brewing in TCS?After completing a sharp five-wave rally that ended near 4592, TCS entered a classic zigzag correction. The drop from the top formed an A-B-C pattern where Wave A brought prices to 3913, followed by a corrective bounce to 4489 for Wave B, and then a strong decline to 3056 completing Wave C. This entire move looks like a textbook zigzag correction and marks a potential end to the correction. From the low of 3056, the stock started to recover and formed a five-wave advance, which has been marked as a smaller-degree Wave 1. What followed next is quite interesting — instead of a typical zigzag or flat for Wave 2, price moved sideways and carved out a triangle. This triangle seems to have completed with Wave E ending around 3358. Now, with the triangle complete and prices starting to move up again, it looks like Wave 3 might have just kicked off. The key level to watch on the upside is around 3642, which is the 0.382 retracement of the previous fall. If price crosses this, it would increase confidence in the bullish structure. The projected target zone for Wave 3 lies between 3933 and 4288, depending on how strong the move gets. The entire setup remains valid as long as price stays above the 3056 low. If that breaks, the bullish count is off the table. Chart will be updated as price action evolves. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:TCSLong
by WaveXplorer
Unfolding the Final Chapter: A Possible Zigzag in Wave ZIn this chart, we are looking at a possible WXYXZ complex correction unfolding on the daily timeframe. After Wave W and a connecting Wave X, we saw a sharp drop forming Wave Y. The next bounce, which is labeled as Wave X2, appears to be a clean five-wave impulse. While it's not very common, impulsive waves can occur as connectors in complex corrections, especially when the market wants to retrace deeply before the final leg. This adds weight to the idea that the correction is not over yet. What follows next is Wave Z, and it seems to be taking the form of a zigzag. Within this zigzag, the first leg, Wave A, looks like a textbook leading diagonal. This is something we often see at the beginning of zigzags where the market starts a move in the direction of the larger trend but in a choppy and overlapping way. After Wave A, we should expect a pullback as Wave B, and then a final drop as Wave C, which could mark the end of the entire WXYXZ structure. This interpretation stays valid as long as price respects the invalidation level marked near the top of Wave X2. If that level is breached, the structure will need to be re-evaluated. Until then, the focus remains on monitoring how Wave B and Wave C unfold from here. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
BITSTAMP:BTCUSDShort
by WaveXplorer
1
EUR/USD | Distribution in Play – Short Bias Active After completing a textbook Wave 5, price entered a premium supply zone and executed a clean liquidity sweep. 🔹 Confirmed Change of Character (ChoCh) signals the shift from bullish to bearish order flow. 🔹 Price is respecting the SMC structure:   📍 Liquidity grab   📍 Mitigation of bearish order block   📍 Distribution phase after impulsive rally 📉 Short-Term Bias: Bearish 🎯 Targeting the demand zone below near 1.1275–1.1292, where we may expect accumulation to begin again. 📌 Plan: 1. Short entries valid below 1.1439 supply. 2. Monitoring reaction at the blue zone for possible reversal next week. ⚙️ Strategy used: SMC + Wyckoff Distribution + Elliott Wave (Top-down)
Short
by Greenfireforex
LINK Bulls Building Toward a Chain ReactionIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! LINK just gave us a clean reaction out of an identified box. Bulls may finally be gaining control and a trend shift up is on the table. We had eyes on this box for a potential reaction. The market delivered. Now bulls need to prove they can build on it. The first key is to defend 13.284. As long as this level holds, the case for a higher trend remains alive. Next, bulls need to clear 14.47. That is the first smaller degree LH that must be taken out to confirm that buyers are pushing through the structure. The big step remains 15.00. This has acted as a major flipping level. A true test for the bulls will be whether they can reclaim and hold above it. If they do, the door opens for stronger upside follow through. The path is clear: 💥 Hold 13.284 💥 Break 14.47 💥 Reclaim 15.00 We will continue to track this closely with the Elliott Scanner mindset. If momentum picks up through these levels, this could become an attractive higher-degree setup. Watch these levels carefully. Bulls have work to do, but the ingredients for a shift are building. Trade Safe! Trade Clarity!
COINBASE:LINKUSDLong
by CryptoKnee
BITCOIN ROAD TO 300K !!! ELLIOTT WAVE CASE STUDYThere are three possible cases for Bitcoin which we can now consider according to Elliot wave count on big picture: Case I: According to this count if we hold above 74.5k , recent low, we may see major shift in BTC. Retracement Up to 92-79k is good which will form inverse head & shoulders, potentially breaking ATH up to 170K, if things goes well & 74.5K region remains on hold. Case II: If in case 74.5K region breaks, then it will invalidate minor count causing BTC to retrace more up to 64-52K major reversal zone region. If such thing happens, bullish shark pattern will be formed causing major reversal from that region BUT 49K region should remained hold!!! Case III: Worst case scenario if 49K region breaks, then it will cause major count invalidation dropping BTC further up to 45-33K region.
by CryptoNether
Gold Rejected at Resistance, Targets $3,305 & Below Gold ( OANDA:XAUUSD ) rose to $3,400, as I expected in my previous idea . Gold is trading near the Resistance zone($3,387-$3,357) and has failed to break the resistance zone validly . In terms of Elliott Wave theory , it seems that Gold has managed to complete the microwave 5 of the main wave C with the help of Expanding Ending Diagonal . It was a corrective Zigzag(ABC/5-3-5) structure . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks. I expect Gold to touch $3,305 after breaking the lower line of the ascending channel at the first target and then decline to the Support zone($3,281-$3,245) and Monthly Pivot Poin t. Note: Stop Loss(SL)= 3394.000 Gold Analyze ( XAUUSD ), 4-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; 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
Bitcoin: Weekly Bullish Continuation🟠 The weekly divergence between the March 2024 and January 2025 peaks has driven the recent 3-month decline. 🔴 BTC is expected to make a weekly move higher, creating another divergence in the way. 🔵 BTC held above the 2024 peak range 73K without overlap, while the Stock RSI has completed a full reset, reinforcing the bullish momentum. 🟢 Outlook: Over the next 6 months, Bitcoin CRYPTO:BTCUSD is expected to rally into new ATH, with a potential target around 127K by October 2025.
BITMEX:XBTLong
by AlienOvichO
GOLD → Correction to 3275FX:XAUUSD and medium-term outlook: Friday's strong unemployment data strengthened the dollar and triggered a sell-off in gold. Money is temporarily flowing out of the metal and into currencies and the stock market... Technically, gold is still in a bullish phase on the global timeframe. Logically, the situation is more reminiscent of a countertrend correction of the zone of interest before continuing growth. Despite the rise in the DXY after Friday's news, the dollar is still under pressure from Trump, who is pushing for an early interest rate cut. This move could significantly shake the market (dollar down, gold up) Locally, on the hourly XAUUSD timeframe, we can clearly see how the price is breaking out of the uptrend, thereby triggering a downward impulse. Resistance levels: 3325, 3343 Support levels: 3303, 3275 The liquidity level of 3300 could act as a magnet for the price, from which a correction to the resistance of the range of 3325 could form (liquidity hunt), but due to the change in the fundamental background, gold may continue its correction to 3275 (support zone) before a possible continuation of growth. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
15