XAG/USD 27.11.24FXOPEN:XAGUSD
Hello Traders,
Here's a quick update on silver. Today, we successfully completed our small 12345 setup. This marks the formation of our big wave 1, and we are now in the wave 2 support region. The stop-loss should be placed below the starting point of wave 1 or under the fiv levels of wave 2. Be careful the nromal spread at silver is 20+ so rather make the sl a little bit bigger before you get stopped out and the chart turns around.
Elliott Wave
#NVDA Elliott-Wave AnalysisI believe NVDA will eventually top out within the blue box
($154.38–$171.70) .
Afterward, I expect the price to retrace for quite a while.
This scenario seems highly unlikely concidering the financial stability of NVDA, but the chart suggests smth else. We'll have to wait and see what the future holds.
XAUUSD: Five Wave Decline in Progress - Target $2535The internal structure shows smaller degree waves labeled as (i), (ii), (iii), (iv), and (v), particularly visible in waves (3) and (5). The parallel channel lines helped identify the trend direction and potential support/resistance levels.
The projected target for wave (5) completion appears to be around the 2,535-2,550 zone, where we might expect some support and potentially a larger degree bounce.
Key levels to watch:
Previous high: 2,721
Current invalidation level: ~2,649
Target support zone: 2,535-2,550
Traders should be cautious as wave (5) completions often lead to sharp reversals, especially in gold markets. The completion of this 5-wave structure could lead to a significant corrective bounce.
USDBRL might be building its 3rd impulsive wave.Not a financial advice.
To support Biden's plan "Invest in America", FED will need to keep raising interest rates to contain #inflation, and make it attractive for international investors.
Meanwhile, Brazilian economy is shrinking, with President looking to lower interest rates which it is what was done in 2003. but this time is indeed different, since the USA isn't willing to see its money plowing into emerging markets.
TVC:DXY is also building a nice comeback. this is momentarily about to change in my POV.
FET/USDT Long: Did you take it? See linked chartsIf you like these posts please remember to give me a boost and a FOLLOW! Any questions please ask away.
FET/USDT Long signal. Did you take it? Bullish order flow was there. We have our targets, and stops are at entry.
FET has been lagging compared to the rest of the market, especially in AI. Recent developments in their EARN & BURN mechanism look to be bringing excitement back and I believe there's plenty of catching up to do!
Bullish Orderflow:
EWT analysis & macro forecasting:
Coffee Is Getting ExpensiveCoffee is in a massive rally on tight Brazil crop fears and if we take a look at the weekly chart, we can see it trading impulsively higher with space for more gains until it fully completes a five-wave bullish cycle by Elliott wave theory, just watch out on short-term 4th wave pullbacks.
Basic Impulsive Bullish Pattern shows that Coffee can be trading in subwave "iii" of 3 of (3) of a five-wave bullish impulse of different degrees, so more gains can be seen after short-term 4th wave pullback.
Elliot wave gold - 28-11 16:39This last wave retace to 61.8% and is still respecting the zone of wave (1).
If this wave come into the zone of wave 1/2, than this idea is invalid.
Now in this case I still belive it is wave4 and going into wave 5.
I am causious: my take profit is therefore not crazy, and I will take it on around 2600, for more cautions TP: 2624
Bitcoin's Elliott Wave and Cylce AnalysisBitcoin's price has surged close to the $100,000 level, fueled by increasing optimism and hype, particularly following Trump’s victory in the US elections. While this milestone has sparked renewed bullish sentiment, it's critical to remember that Bitcoin is now in uptrend for only last four week, but it has been in an moving up since December 2022, marking nearly two years of consistent gains.
So actually, we may now be in the late stages of this bull run.
Keep in mind that when optimism and positive news dominate, like the prospect of Bitcoin being added to US reserves under Trump, it often aligns with the peak of a trend. While this kind of news could potentially drive one last strong upward move (FOMO / Blow-off), it might also signal the end of this cycle.
Historically, extreme optimism is a warning sign, and the Elliott wave analysis supports this view. Bitcoin is currently in its fifth wave, with potential for slightly more upside, possibly extending late into January time projection. Its going to be the 20 or 26 weeks of a recovery from August low.
Smart investors will consider taking some parts of profits now rather than risking missing an exit, especially now when we approach the year end.
The market's shift from "optimism to pessimism", can be swift and surprising. Greed often leads to losses, so prudence is key at this stage.
On another note, we have a Black Friday offer on our Elliott Wave service. It’s a great opportunity to stay aligned with market rhythm and sentiment during this critical period.
If you are celebrating, I wish you a happy Thanksgiving!
Grega
Bitcoin Analysis Base On Eliott Wave Theor and Macro EconomicsBitcoin Projection
Base On Technical Analysis Eliott Wave Theory & Macro Economics
Target Price (Bullish Scenario) :
🔹$108.000 = Fibo Extend 1.272
🔹$134.000 = Fibo Extend 1.414
🔹$182.000 = Fibonacci Extend 1.618
INDEX:BTCUSD
BINANCE:BTCUSDT
Be Careful :
🔹BTC might pullback before breaking out over $100K.
🔹BTC is now in the final Impulse Wave (Wave 5). When Wave 5 finishes, a deeper correction might happen
DISCLAIMER :
🔹BTC might pullback before breaking out over $100K.
🔹 Fibo Extend 1.618 is hard to visit, it'll take a while & need some corrections.
🔹Consider trailing TakeProfit in $108K-$134K (In case BTC successfully breakout from $100K)
🔹Be careful of unexpected bad news.
🔹Watch US inflation rates during The FED's rate cuts, as higher liquidity will boost purchasing power and impact inflation.
🔹ETF's Inflow have entered too much, one day hedge funds will taking profit, be careful !.
🔹Donald Trump's company tax cut policy will impact to inflation. If it happens, The FED might have to stop rate cuts, or even raise interest rates.
NVIDIA (NVDA): Post-Earnings Battle Between Bulls and BearsIt is getting harder for $NVDA. Nvidia's earnings appear to have produced a muted market reaction for once. The chip maker's blowout quarterly report was good enough to support the stock but not provide another leg to its stunning rally. By any normal measure Nvidia's third-quarter numbers were stunning, as it nearly doubled its revenue from the prior year. However, its guidance wasn't as strong as some analysts had expected. Which is incredibly if you think that doubling its revenue is not enough for Nvidia to surge higher once more. Attention will now turn to the rollout of Nvidia's Blackwell artificial-intelligence chips
Our attention will stay on the chart and we can see this kind of market behaviour in the chart really well. It seems as if bulls and bears are now battling about this earnings report and there are definitely some people trapped with option calls on NVIDIA that they have bought before the earnings.
NASDAQ:NVDA has build somewhat of a trend channel and keeps on defending the lower edge of it very well in the past. The question now is if the wave ((iv)) is already finished or not.
With the fact that NASDAQ:NVDA is loosing momentum on the RSI but still being able to reclaim the VAL and putting in higher highs we think is is very likely that we are seeing some kind of pullback/blowout of those positions that have been opened and trapped at the all time high now. Still NASDAQ:NVDA is a stock that can put in 10% next week and nobody would be astonished. Therefore we are moving our stop loss from our current open position to 114.50$ and setting alerts for a possible buying opportunity again on $NVDA.
GOLD → Trading inside the channel from the range boundariesFX:XAUUSD declines to 2620 amid positive news from the Middle East, but the overall fundamental background is still difficult. Today is low liquidity due to the Thanksgiving holiday in the US.
The gold price is down amid a ceasefire between Israel and Hezbollah on Wednesday. But on Wednesday night there were reports of an escalation of conflict in Aleppo, Syria .... Also not to forget the escalated conflict in Eastern Europe.
The dollar is still in consolidation, given that today is a holiday in the U.S., there may be low liquidity and high volatility in the market. Accordingly, an exaggerated price movement in gold cannot be ruled out.
Technically, gold is flat, so we consider trading from the range boundaries. We focus on the local channel from H1 2660 - 2618 and the global channel from D1 - 2689 (2710) - 2605.
Resistance levels: 2660, 2604, 2678, 2689
Support levels: 2618, 2605
Accordingly, in the momen, gold is heading towards the liquidity above. False breakdown of the key resistance zone and price consolidation in the selling zone may form a price decline to the lower boundary of the flat.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
EUR/USD Outlook: Bullish Sentiment AheadThe EUR/USD exchange rate is poised for an upward trajectory, driven by several key factors,
here is how:
1. Peace Dialogue Between the US and Russia
The initiation of peace talks between the United States and Russia marks a significant geopolitical development. This aligns with President-elect Donald Trump's campaign promise to foster peace before taking office. Improved relations could enhance global market stability, supporting the euro against the dollar.
2. Positive Impact on Euro Area Stocks
Peaceful relations are expected to benefit the euro area, particularly as battered eurozone stocks may begin to outperform over the next six months. A recovering stock market can bolster investor confidence, drawing capital into the eurozone and strengthening the euro.
3. Technical Analysis: Elliott Wave Theory
From a technical standpoint, Elliott Wave Theory suggests we are currently experiencing a regular flat correction. In this scenario, wave B has not breached the impulsive wave, while wave C has dipped below wave A, indicating potential for a bullish reversal. This technical pattern supports the notion of an upward movement in the EUR/USD pair.
4. Declining Interest Rates
With interest rates trending downward, we can expect a stronger euro as lower rates typically weaken the dollar. This shift could lead to increased capital inflow into the eurozone, further enhancing the euro's value.
5. Currency Strategy Under Trump
President Trump has historically advocated for a weaker dollar to stimulate exports. A devalued currency can make US goods more competitive internationally, suggesting that a weaker dollar could be a strategic goal of his administration. This dynamic would likely favor the euro in the EUR/USD pair.
Conclusion: Long Position on EUR/USD
Given these factors, I am taking a long position on EUR/USD, anticipating a rise to 1.12 within the next three months and potentially reaching 1.20 by the end of 2025. While the market can be unpredictable, the current indicators suggest a favorable outlook for this trade.
GOLD → Controversial fundamental background. What's next?FX:XAUUSD is taking advantage of the dollar weakness and heading towards the zones of interest and liquidity 2665 - 2688. Overall, the fundamental backdrop is not stable, but at the same time weak for gold. PCE, GDP and resistance ahead....
The ceasefire agreement between Lebanon and Israel has entered into force. This has helped to reduce demand for the US dollar, which is generally reflected in the forex market. Gold is feeling support from sustained expectations for the Fed and uncertainty over the outlook for global trade during the Trump presidency, which intends to impose new tariffs on Canada, China and Mexico. Ahead of the upcoming macroeconomic news from the US are PCE and GDP.
Technically, gold is in a sideways range and is looking up towards zones of interest from which a correction could form. But this reaction is partly dependent on the news as well....
Resistance levels: 2660, 2664, 2680
Support levels: 2620, 2605
The focus is on the imbalance zone, 0.7 fibo and 2680 area. Due to the controversial technical and fundamental background, the gold price may close inside a wide channel, which allows us to use its boundaries for trading. We are watching the resistance with a sell target for further downside
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
Btc elliott wave analysisElliott wave is very subjective. even I have two or three analysis and shorterm frame it gets more possibilities.
but here I think Eth price is way lower than btc price and also some of altcoins as well.
because bitcoin just went up alone strongly compare to other altcoins.
and eth is one of them. it didnt hit all time high yet. but at least it should reach around 4000 level i think. right now its at 3600 level. so if eth can go up while btc is tanking the price or going slowly up we can expect this two senario. one is we go up from here after short consolidation. second is we go up after one more dump. but either way i dont expect much drops because we dont have much bad news right now. in macro economy there are bunch of good news.. israel must end war before biden end his presidency because of political reason.
trump will be president on Jan 20th. so untill that time we can expect btc price to hold its position. but after that it could be sell the news scenario. but after some big consolidation period we will start to go up again. if there is no bad news in macro economy
AMD Harmonic Elliott Wave and Hurst Cyclic AnalysisIt’s been a while since my last update on AMD. Looking at the wave structure, I believe we are currently in a complex pullback, correcting the bullish move from October 2022 to March 2024. This correction appears to be a double zigzag, and we’re in the process of completing wave A of the second zigzag (labeled 'y').
Analyzing the cycles, we can see that the trough from October 2023 aligns with an 80-week (80W) cycle trough and the trough in August 2024 aligns with a 40-week (40W) cycle. Currently, I’m expecting the first 20-week (20W) cycle of this 40W cycle, which is actually the second 40W cycle in the 80W cycle, to occur around December 18th. This would correspond to wave A of the y leg of the larger wave II in the wave analysis.
Following this, I anticipate a rally that should take us higher before the extreme bearish phase begins as we approach the 80W cycle trough, which is expected in early April 2025.
There is an alternative (less likely) bullish scenario to keep in mind. If wave B becomes more strongly bullish, I would shift my bias to that scenario. However, until that happens, my preferred view remains as shown in the chart.
XRP - Do not buy now! Be clever, wait for a pullback (here)XRP has been pumping massively; since November it's up +230%. XRP has a logo (X), same as Twitter, which means it's under the control of Satanists/Luciferians. They control the whole banking system and all famous social networks. XRP has a lot of haters in the crypto community.
XRP is very bullish from a technical perspective, but let's take a look at what happened during the huge November pump! We see a lot of green candles, but there is a symmetrical triangle around 1.1 USDT. This is a very sweet spot for whales. We can expect the majority of retail traders to put a stop loss below this triangle, and what are the whales going to do? As I said, XRP is highly manipulated; they want to take away money from you, so they will push the price below the triangle to take all sweet liquidity.
We have 2 unfilled FVGs (Fair Value Gaps) below the current price, which is also a problem. These types of GAPs tend to be filled pretty quickly but can also take a few weeks. But what matters is that the price will eventually go back and fill them!
My strong recommendation is - do not FOMO in and wait for a reasonable pullback. I would put a buy order at around 1.00 USDT. We don't know if the price will continue to go up in the short term, but in the medium term, we should go down and take the liquidity below the triangle!
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Nifty SmallCap 100 Elliot Wave ViewWave 2 of 3: This corrective wave occurred between September 2022 and March 2023, lasting approximately 28 weeks, as highlighted in the chart.
Wave 4's Progression: The recent peak in September suggests symmetry in the cycle, mirroring Wave 2's timeline. If Wave 4 matches Wave 2 in duration (around 28 weeks), the current upward movement could still be part of the corrective Wave 4 rather than a new impulse wave.
Time Symmetry: Considering the reverse channel projection and the similarity in duration with Wave 2, March 2026 emerges as a potential time window for the commencement of Wave 5 of 3, which could lead to a significant breakout beyond the current range.
Alikze »» CAKE | Bullish Wave 3 or C Scenario - 1W🔍 Technical analysis: Bullish Wave 3 or C Scenario - 1W
📣 BINANCE:CAKEUSDT In the long-term analysis mentioned earlier, after a zigzag correction to the $1 area, a reversal pattern (inverted head and shoulders pattern) has formed.
🟢 In accordance with the previous analysis , the target was touched.
🟢 But currently, on the weekly time frame, in continuation of the previous analysis, it is in the supply range.
🟢 Two possible behavioral scenarios can continue.
💎 First scenario: This upward movement can extend to the previous minor ceiling and, after a correction to the broken supply range, continue to the next supply area.
💎 Second scenario: If the current supply area cannot be broken (the current supply area is not used up), it can continue the upward path by breaking the supply area of the current range to the $5 area with a pullback to the broken swing.
⚠️ In addition, in both possible bullish scenarios predicted, the price should not enter the LVL validation range. If a price correction occurs and the price touches the aforementioned area, the bullish scenario is invalidated and should be re-examined and updated. ⚠️
»»»«««»»»«««»»»«««
Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future.
Thanks for your continued support.🙏
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
GBPCHF - sell ideaQuite an interesting setup. I identified a running flat, that is likely supporting the further downside for this pair.
A regular entry is with the sell stop order below the wave B. Although, a more risky entry is at current prices with the SL above the nearest high.
trade safe, mind your risks.