Gold Short Update: SL at 3340; TP at 3272Hi all, here is the video update to the short idea that I posted 19 hours ago. Main thing is the update of the Stop Loss and Take Profit.
Thank you.
Elliott Wave
Palantir UpdateThere is a lot to unpack regarding Palantir based on what has transpired as of late. I have removed the possible smaller degree irregular abc pattern that I was tracking. If you draw fibs for what would be a sub-minuette wave i of (v), you see that our recent top was made right around the 1.236. This is very standard for ED's. Also, when it reversed, it did so with strength which is another trait of ED's.
MACD broke down below the trend line and has come back into the wedge. It appears to be weakening/curling, setting price up for a potential move down again. What I would like to see, is for MACD to remain under the upper trend line while resetting before dropping and pulling price back down with it. This would fit well with the white count. If this happens, then I believe the ensuing price action would reflect close to what I have laid out on white.
The ALT count, which is becoming less and less likely every day, is the yellow pattern. This suggests that we're within a larger degree irregular ABC pattern. If this is the case, then price would likely drop to the $65 area if not lower. I think this pattern is very low probability, but it could still happen so it will stay on the chart for now.
In short, I believe we have topped in an ED with the slim chance of getting one more slight high. If we have topped, we should be headed for the target box in a 3-wave fashion. This would be a great place for longs should the coming price action follow my predicted structure.
Tesla UpdateTesla has had quite a rough go at it lately. For those of you on trading view that follow me, you may not have had the daily updates as those on my website, but you should've known too by my posts that a decent drop was coming. Just so I am as clear as I can be, this is just the beginning of this consolidation lower. We might not even be done with this current drop for the minuette a wave either. As annotated by the turquoise label and the turquoise fibs, another low is very possible, and I would go so far as to say very probable. The reason why I think it is probable, is the structure that was created on the move lower. It appears like the move higher that started on 05 June is a miniscule wave 4 with 5 yet to come.
Now, another move lower isn't required by any means. We could easily continue higher from here for minuette wave b. That is why I have drawn some blue retracement fibs. If we have in fact bottomed in (a), then we would be targeting the $328-$350 area for (b).
In short, we either make another low from here to the $263 area finishing (a), or we continue higher for wave (b). MACD/structure seems to be indicating the turquoise count will come to pass. Either way we should head higher again soon. If we can make another low towards the 2.618 then I will likely take a small long position to ride out (b).
NASDAQ Potential UpsidesHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 21,300 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend 21,300 support and resistance area.
Trade safe, Joe.
Sonic Trade PlanSonic is Unfolding wave B and Wave C will come very fast
Wave B is unfolding in a clear 3-wave (ABC) structure inside the highlighted resistance zone.
Once this B wave completes, a sharp C wave down is expected—targeting the 1.618 area (~$0.28) as marked in the “Area of Opportunity.”
This zone presents a potential high-reward setup for bulls after the correction completes.
Caution until confirmation.
#ElliottWave #WaveB #WaveC #CryptoAnalysis #TA #Altcoins #CorrectionWave
Bitcoin 4H chart Elliot Wave analysisThe price reacted to the 0.236–0.272 Fibonacci level, effectively marking the end of the WXYXZ correction. However, for a Wave 2, this represents a relatively shallow retracement implying that alternative scenarios must remain on the table. This could still be an unfolding flat structure (3-3-5), with Wave A forming as a triple zigzag though this is less likely. A more probable outcome is a zigzag (5-3-5), which would require a sharper corrective move. Another possible structure is a double zigzag (WXY).
This could go very high!This looks incredibly like a full-send setup, which could blast Bitcoin up to 200k in a wave 3 of an Elliot wave pattern.
ImmunityBio, Inc (Wave Analysis) Weekly - UpdateImmunityBio, Inc (Wave Analysis) Weekly - Update
We are in downtrend wave E from Triangle corrective wave. maybe we are in last wave c or we still in diagonal wave a.
So, there are 2 Scenarios.
please see the chart.
Regards,
ONDOUSDT trade PlanONDOUSDT is forming a larger A-B-C corrective structure on the daily timeframe. The current wave count suggests that wave C is underway with bullish targets at 2.2287, 3.1943, 4.7567, and 6.3191. Structure remains valid as long as the recent low holds as the end of wave B.
#ONDO #Crypto #ElliottWave #ABCStructure #WaveC #Altcoins #CryptoAnalysis #Bullish #TechnicalAnalysis #TradingView #CryptoTrader
BTC Elliott wave analysis 6/8/2025 In my view, we are currently entering an A-B-C corrective wave, which is part of wave (4) and will complete wave (iv).
The bullish Crab harmonic pattern suggests that wave Ⓐ of (4) should bottom around 95,600–96,000. Following that, the Gann fan indicates that wave Ⓑ could rise to the 100,000–101,000 range, which also aligns with a key resistance zone.
For wave Ⓒ, the Gann fan suggests a downward move to around 94,000–92,000, a zone that corresponds to strong support.
Once wave (4) completes, the market should be positioned to begin wave (5), which will finalize the larger wave ⑤.
A key validation level to watch is 84,000. If the price drops below this level, the count would be invalidated, as wave (4) cannot fall below the low of wave (2).
Bitcoin’s Reversal from Supports — Is the Correction Over? Bitcoin ( BINANCE:BTCUSDT ) moved as I expected in the previous idea , and it also reversed the decline I intended and started to rise from the Support zone($102,000-$107,120) , Support lines , and 50_SMA(Daily) .
Bitcoin is trading near the Resistance zone($104,380-$103,670) , Cumulative Short Liquidation Leverage($105,500-$105,265) , and Resistance lines .
In terms of Elliott Wave theory , it seems that Bitcoin has managed to complete the main wave Y . The main corrective structure was the Double Three Correction(WXY) . If the Resistance lines are broken , we can confirm the end of the main wave Y .
I expect Bitcoin to start rising after a re-correction from Cumulative Long Liquidations Leverage and reach the targets I have specified on the chart.
Cumulative Long Liquidation Leverage: $102,883-$102,181
Cumulative Long Liquidation Leverage: $101,318-$100,748
Note: If Bitcoin falls below $100,200(Worst Stop Loss(SL)), we should expect further declines.
Note: $105,500 is an important price for Bitcoin, and if Bitcoin can close the 4-hour candle above it, we can expect a break of the Heavy Resistance zone($104,380-$103,670)
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.
altcoins update The others chart have been very bullish since April The wave from the lows have formed perfect wave 1 completing 5 waves to the upside now the wave 2 which is typically 3 wave corrective is reaching it's end We can expect for the wave 3 in the coming days so alts will perform better
NIFTY50....Wave c of iv ended?!Hello Traders,
waves ((ii)) (magenta) probably ended @24502! There is a possibility given, that this pattern could morph into a "triangle shape". However, this would be the pattern with the most unlikely chance to be established!
Therefore, we focus on a potential a-b-c wave (iv) in green that is complete, and the next move will be to the upside.
Chart analysis!
It needs to make a new high above the waves "b" high @25079 and, at least, a new high above the waves "v" of (iii) 25116 to create a breakout signal! A possible target would be around the 25528 range.
A break to the downside below waves "c" low @ 25502 would not eliminate the triangle pattern, but chances would weaken to be one!
Anyway!
Once a trend is established, the chance of continuing is higher as to break down! So, I favor the idea of an extending wave of advance in the coming 1–2 weeks. If this happens, a new ATH will be reached! Not within the same time period but; I guess in the coming 4–6 weeks!
That's it for today.
Have a great Sunday and a great week....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
BTC/USD – 5-Wave Structure Completed | Bearish Divergence + Stru🕒 Timeframe: 30min
📅 Date: June 8, 2025
💱 Pair: BTC/USD (BITSTAMP)
📊 Indicator: Awesome Oscillator (AO)
🧠 Technical Analysis Summary:
A classic 5-wave Elliott structure (1–2–3–4–5) has completed. Key observations:
Wave (5) slightly pushes above Wave (3), but momentum weakens.
Bearish divergence is spotted on the Awesome Oscillator (AO) between Wave (3) and Wave (5), signaling exhaustion.
Price is currently holding above a key structure support (SNR) at 105415.
🔻 Sell Setup:
🟥 SNR = Structure level at 105415.
🧨 If price breaks below 105415, I will enter a short (sell) position.
🧠 This level acts as a confluence zone:
End of wave 5
Loss of bullish momentum
Bearish AO divergence
Potential trend shift
📌 Trade Plan:
💥 Action:
➡️ Sell only if price breaks and closes below 105415.
🎯 Potential Targets:
104200 – local structure support
102800 – deeper correction zone (possible wave A)
🛡️ Invalidation:
➡️ If price closes back above recent high (~105800) with renewed AO strength, I’ll reconsider the short.
🧰 Tools Used:
Elliott Wave Theory (1–5 structure)
Awesome Oscillator – Divergence Confirmation
Market Structure (SNR as key support)
💬 Conclusion:
Wave 5 is done. Momentum has faded. All eyes on the structure level at 105415.
➡️ Break = Sell.
If it holds, no trade.
📌 Stay patient. Let the market come to you.
🔔 Like & follow if you enjoy clean Elliott Wave and momentum divergence setups.
Got your own wave count? Drop it below! 👇
#BTCUSD #Bitcoin #ElliottWave #BearishDivergence #AO #CryptoTrading #StructureBreak #PriceAction #Wave5Complete
“Bitcoin Elliott Wave Breakdown – Watch This Before You Trade!”🔹 “This is Bitcoin on the 1-Month chart. What we see here is a completed 5-wave impulse according to Elliott Wave Theory.”
🔹 “Wave (1) through (5) is now complete, and the price has hit the upper boundary of a long-term ascending channel.”
🔹 “Notice this red zone? This is a strong resistance area between $76K and $111K. We might be forming a potential double top pattern here.”
🔹 “Divergence is likely forming in wave 5 — a classic sign of weakening momentum.”
🔹 “If we break below $66K and then $53K, expect a drop all the way to the $31K zone.”
🔹 “This level aligns with the bottom of the channel and possibly the 0.618 Fibonacci retracement.”
🔹 “Final target? $31,000 – a key zone for accumulation before the next major cycle.”
Injective & Elliott WavesAn impulse leads to a correction. A correction leads to an impulse.
The chart here starts with a bullish impulse. 1,2,3,4,5—blue-left. This impulse leads to a correction. ABC—orange.
The first ABC correction, the bear market, ends June 2022.
A correction leads to an impulse so a new bullish impulse starts right after and we have a new 5-up waves. 1,2,3,4,5—blue-center.
The bullish impulse ends March 2024 and this leads to a new ABC correction. Orange-right. The correction hits bottom 7-April 2025. The end of the correction signals the start of a new bullish impulse, 1,2,3,4,5 blue-right. The 2025 bull market.
This is Elliott Wave Theory simplified.
Namaste.
Bearish EW count on Aedifica.Last Yellow 5th wave (micro degree) to the downside to end correction that started on 18/02/2020. If prices moves beyond the ending point of Yellow wave 4, then this count would
be invalidated, suggesting that the bullish count is likely underway.
Ps: The bullish count will be posted later.
Ratos AB - one of my favourite chartsRatos has provided us with a golden opportunity to at least double our investment if my Elliott wave count remains correct.
After a 14 year corrective move that ended in 2020 the company value has increased impulsively - white ((1)) - and peaked in august 2021. Since then we have seen overlapping price action in what I believe is a wxy formation which recently ended in April this year. (78.6 fib retracement)
Since then price has climbed fast again which makes me believe that we start the wave 3 which potentially could stretch out to new ATHs. However, if the bearish momentum remains we could at least see the stock reach twice its current valuation.
Let´s hope for the best and keep an eye on potential pullbacks to enter long again.
P.S. If I´m not mistaken the fundamentals are also indicating a bright future for the company.
ICP Short-term Elliot Wave OutlookICP is currently in a short to medium term corrective phase which has lasted just over half of the year. In terms of the macro count it is completing the last leg of a zig-zag in either wave 2 or a B wave.
The primary count in white shows an impulse with five completed waves. In this instance, it is a non-overlapping ending diagonal where the impulse sub-divides as 3-3-3-3-3.
This count is invalidated if price breaks below the aqua support area.
If price breaks below the aqua support area the alternate count becomes more likely. In this case, we're looking at a WXYXZ in yellow.
Z can be either 61.8, 100.0, 123.6 or 138.2 of W. Generally targeting the area between 4.22 and 3.35
Correction up for BitcoinHi traders,
Last week Bitcoin broke below the red dotted line so now we could see a much bigger correction for Bitcoin.
Price came into the Weekly bullish FVG and rejected to the upside. This could be the start of wave B (grey) of a big correction down.
Let's see what the market does and react.
Trade idea: Wait for a change in orderflow to bullish to trade (short term) longs again.
If you want to learn more about trading FVG's with wave analysis, please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my analysis.
Don't be emotional, just trade your plan!
Eduwave
Wave 3 up is coming for goldHi traders,
Last week gold started an impulse wave but after it broke the previous high it made another correction down. So this could be wave 1 and 2 (purple) of wave 3 (blue).
Then next week we could see the next impulse wave 3 (purple) up from the bullish 4H FVG on the left.
Let's see what price does and react.
Trade idea: Wait for a change in orderflow to bullish and an impulse wave up and correction down on a lower timeframe to finish and trade longs again.
If you want to learn more about trading FVG's & liquidity sweeps with wave analysis, please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
A little more upside for SPX500USDHi traders,
And again my previous outlook of SPX500USD played out as I've said. After a small correction we saw the continuation of the upmove to the Daily FVG.
Next week we could see price come into the Daily FVG and reject from there for a correction down.
Let's see what the market does and react.
Trade idea: Wait for a small correction down on a lower timeframe to trade short term longs into the Daily FVG.
If you want to learn more about trading FVG's & liquidity sweeps with Wave analysis, then please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
