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Elliott Wave

BTC - Elliott Wave Impulse and Corrective StructureThis chart illustrates an Elliott Wave pattern on BTCUSDT in the 4-hour timeframe. The market initially completed a 5-wave impulse move to the upside, labeled as (1)-(2)-(3)-(4)-(5), signaling a strong bullish trend. Following the completion of Wave (5), a corrective ABC structure has begun, indicating a potential retracement phase. - The 5-wave impulse structure suggests a completed bullish cycle. - Wave (A) marks the initial corrective decline, followed by a recovery in Wave (B). - Wave (C) is in progress, likely targeting lower levels before a potential reversal or continuation of the trend. Traders should watch key support and resistance levels to identify potential reversal zones or continuation patterns. If BTC finds strong support at a key level, it could indicate a buying opportunity for the next bullish wave. Conversely, a deeper breakdown could confirm extended correction. Always apply proper risk management and confirm setups with additional technical indicators.
Short
by wdstrades
19
Is gold going to be eclipsed? ------------------------- Timeframe: 240 Min ------------------------- The price action suggests a completed impulse structure originating from the 2833 low, with gold now trading at an all-time high. Based on cluster zones and Fibonacci extensions, wave (5) still has the potential to extend toward the 3150-3200 range. This zone represents a key resistance level where buying momentum may slow down, signaling an impending shift in market dynamics. Once wave (5) completes, it will mark the end of wave ((3)) of a higher degree, setting the stage for a corrective move. A retracement toward the previous wave (4) level is expected as wave ((4)) develops, aligning with historical corrective behavior after extended rallies. This phase will provide crucial insights into the market’s next major move. Stay tuned for further updates.
OANDA:XAUUSD
by Money_Dictators
GBPCAD - Is Bullish Breakout Ahead?TF: 4h GBPCAD is initiating along opportunity by completing 4th intermediate wave at 1.83464 . We can expect a retracement then reversal with near the lower trendline of the parallel channel. Once price comes down, we will have the opportunity to go long with minimum stop level at low of the wave 4 at 1.83640 . The bullish scenario is capable GBPCAD to provide 1.8654 - 1.8748 targets to the buyers. If the breakdown occurs, wave (4) will go deep. We update this chart time to time. Traders should only buy after a clear reversal.
by Money_Dictators
1
Cable Is Trading Impulsively HigherCable is making a very nice and strong extension higher on the 4-hour time frame, so it appears to be impulsive. We should be aware of further upside, especially as the market has broken out of a base channel, which typically happens within wave three of three. In fact price is now even higher after a triangle in wave four so wave 5 of red (3) is in progress as expected, but it can target 1.32, so be aware of a new red higher degree wave (4) correction before the bullish trend for wave (5) resumes. Ideal support is at 1.29 – 1.28 area.
by ew-forecast
GBP/AUD Prepares for a major correction? The current technical situation of the GBP/AUD peaks the eye of the bears on the weekly chart From a technical perspective we have 2 factors that that provide interest to the sellers - a full Elliot wave sequence is in the process of completion with the 5th wave at terminal status, even tough this might move higher, but... -i believe this is potential tipping point , considering the price action hasn't visited this area since march 2020 (and considering the amount of rejection it faced back then, there is a chance this might happen again If the correction plays out we could possibly see some down moves all the way to psychological level of 2.000 Even if your not a weekly trader, keeping this information in mind might help with future trades on the pair on the down side , just remember to take risks into consideration - Always make your own analysis before taking a financial decision - Risk/Reward ratio is your friend This is not financial advice !
Short
by Chrispy3000
GOLD → Consolidation. News. False breakdown. Growth?FX:XAUUSD and TVC:DXY in consolidation ahead of important news and Trump's speech. Economic risks are rising and the future outlook depends on fundamental data... Trade tensions support gold demand. Trump may impose global tariffs of up to 20% which will increase risks to the economy. Investors are piling into gold in anticipation, pushing its price to a record $3,150 A key factor is the details of the tariffs. If tariffs are softer than expected, gold could fall to intermediate support zones. If the trade war escalates, the rise could continue beyond 3150 Economic risks are rising and gold may test 3107 - 3100 support before rising further. Technically, 3100 - 3107 is a zone of interest and liquidity. If bulls hold the support, gold will continue to rise. Otherwise, gold may form a correction towards 3075 - 3065 Resistance levels: 3126, 3135, 3147 Support levels: 3107, 3100, 3091 The price is correcting to consolidation support in the moment. A strong and sharp fall is fraught with the risk of a liquidity grab and a false breakdown. In this case, gold may strengthen to one of the key resistances. But the further and medium-term development of events depends on the evening news.... Regards R. Linda!
FX:XAUUSDLong
by RLinda
21
Gold --> Consolidation before the news. Increase trendOANDA:XAUUSD entering a strong growth phase after a false breakout from support as part of the correction process. The previous high at 3127 is now acting as a robust support for buyers. Strong news is about to be released... Fundamentally, the market is shifting towards defensive assets amid speculation from the WSJ that Trump is considering imposing global tariffs of up to 20% on most of the United States' trading partners while rejecting plans to scale back tariffs. This could create inflationary pressure and stagnation, weakening the dollar and bond yields, thus supporting gold prices. Central banks and investors continue to build positions in gold, but there may be some adjustments before the announcement of tariffs and the release of U.S. economic data. Theoretically, any reaction to U.S. data is likely to be short-lived, as the main event risk on the so-called 'Liberation Day' is Trump's major tariff revelation. The strong resistance level is at 3135. A breakout and consolidation above this level would foster continued growth. However, given the upcoming news, gold may test the area of interest and liquidity between 3025-3020 before further advancing.
FX:XAUUSDLong
by AdrianBennett
Calibrating Trading Indicators for Different MarketsCalibrating Trading Indicators for Different Markets: A Beginner's Guide (Simple Steps to Adjust RSI , MACD , and Other Tools for Better Results) Key Idea : Just like you'd tune a guitar differently for rock vs. classical music, trading tools like RSI or MACD need adjustments depending on what you're trading (stocks, crypto, forex) and how it moves. This guide shows you how to tweak these tools using price swings (pivot points) to make them work better for your specific asset. --- Why "One Size Fits All" Doesn't Work Most traders use default settings for indicators (like RSI's 14-day period). But these defaults were created for "average " markets. Real markets aren't average! Example: - Crypto ( CME:BTC1! ) : Super volatile → Needs faster, more sensitive indicators. - Blue-Chip Stocks ( NASDAQ:AAPL ) : Less wild swings → Needs slower, smoother indicators. If you use the same RSI settings for both, you'll get bad signals. Calibration fixes this. --- The Pivot Point Method for Calibration One effective approach to calibration is measuring the natural rhythm of price swings between high and low points. Here's how to do it step by step: Step 1: Find Pivot Points on Your Chart Pivot points are like "price turning points." Use TradingView's ZigZag indicator (or draw them manually) to spot these swings. How to Add ZigZag on TradingView : 1. Open your chart. 2. Click "Indicators" → Search " ZigZag " → Select it. 3. Adjust settings (defaults work fine for starters). The ZigZag will draw lines between significant highs (peaks) and lows (valleys). --- Step 2: Measure the "Rhythm" of the Market Count the bars (candles) between pivot points to find the market's natural cycle. Example : - If Bitcoin swings from peak to peak every 14 bars on average, its "cycle" is 14 bars. - If Apple does this every 16 bars, its cycle is 16 bars. In the picture above, we used the Williams Fractal to identify pivots. Formula for Indicator Settings : - RSI Period = Half the average cycle → If cycle = 16 bars → RSI = 8 days. - MACD Settings : Fast EMA = ¼ cycle, Slow EMA = ½ cycle → Cycle = 16 → Fast EMA = 4, Slow EMA = 8 --- Step 3: Test Your Calibrated Indicators Backtest on TradingView : 1. Add your indicator (e.g., RSI) with the new settings. 2. Use the Strategy Tester (click "Add to Chart" → " RSI Strategy ") to see if signals improve. Look For : - Fewer false signals (e.g., RSI saying "oversold" too early). - Clearer trends (MACD crossovers matching price moves). --- Calibrating Popular Indicators (Simple Rules) 1. RSI (Relative Strength Index) - Default : 14 days. - Calibrated : Half the average cycle length. - Example : Cycle = 16 bars → RSI = 8 days. Why It Works : Shorter RSI reacts faster to volatile markets (like crypto). 2. MACD - Default : 12, 26, 9. - Calibrated : - Fast EMA = ¼ of cycle. - Slow EMA = ½ of cycle. - Signal Line = ⅙ of cycle. - Example : Cycle = 20 → Fast = 5, Slow = 10, Signal = 3. Why It Works : Matches the asset's natural momentum shifts. 3. Williams %R - Default : 14 days. - Calibrated : Same as RSI (half the cycle). --- How to Avoid Common Mistakes Mistake 1 : Overfitting (Making It Too Perfect for the Past) - Problem : If you calibrate too precisely to old data, it might fail in the future. - Fix : Test on 2 types of data: 1. Training Data : First 70% of your chart (to calibrate). 2. Testing Data : Last 30% (to check if it still works). Mistake 2 : Ignoring Market Changes - Problem : What works today might not work next month. - Fix : Recheck your settings every 3 months or after big news (e.g., Fed rate hikes). --- Free Tools to Help (No Coding Needed) 1. TradingView's "Auto-Detect Cycle" Scripts Search for indicators like "Cycle", "RSI Adaptive" or " Rainbow Adaptive RSI " in TradingView's public library. These automatically calculate cycle lengths (Not tested). 2. Adaptive MACD/RSI Indicators Try pre-built adaptive indicators like: - Adaptive MACD : Adjusts itself based on volatility. - Dynamic Pivot : Uses pivots to set stop-loss and take-profit levels. --- Building a Simple Pivot Calibration System Basic ZigZag Calibrator Method : 1. Add ZigZag to your chart. 2. Manually count the bars between 5 recent swings. 3. Calculate the average → Divide by 2 → Use that number for your RSI/MACD. Example : - Swings: 12, 14, 16, 10, 8 bars → Average = 12. - Calibrated RSI = 6 days. --- Why This Works (Without the Math) Markets move in waves. By matching your indicator's speed to the wave length, you "surf" the trend instead of fighting it. Research shows adaptive methods like this beat default settings. The Science Behind It When you calibrate to an instrument's natural rhythm: - Oscillators (RSI, %R) catch extremes at the right time - Trend indicators (MACD) signal changes faster - Volatility bands (Bollinger Bands) expand and contract appropriately --- A Step Further: Multi-Timeframe Calibration For even better results, calibrate across timeframes: 1. Calculate cycles on daily charts for swing trading 2. Calculate cycles on 4-hour charts for day trading 3. Use both calibrated indicators together for confirmation --- Final Tips for Beginners 1. Start Small : Calibrate one indicator (like RSI) first. 2. Use Free Tools : TradingView has thousands of free scripts to automate calculations. 3. Keep Records : Document what settings work for which assets. 4. Be Patient : Finding the right calibration takes time, but the results are worth it. Calibration isn't about being perfect—it's about making your tools work better for specific markets . Happy trading!
NASDAQ:AAPLEducation
by TradeVizion
3
The analysis focuses on the short-term to medium-term timeframe.The analysis focuses on the short-term to medium-term timeframe. Tug-of-War Between Bulls and Bears: At the current price of 157.04, the market is in a tug-of-war between buyers (bulls) and sellers (bears). Bulls are defending key support levels near 152.48 (Fibonacci 100% retracement of Wave C) and 154.34 (Expanded Flat target). A hold above these levels could signal a potential reversal. Bears are attacking resistance levels at 160.31 (Fibonacci 100% projection of Wave C) and 162.82 (Expanded Flat target). A break below 152.48 could accelerate downward momentum. Recent Price History: The market has been in a downtrend recently, with the price dropping from 191.18 (July 10, 2024) to 157.04. Key Fibonacci levels (e.g., 161.8% retracement at 159.84) and Elliott Wave patterns (e.g., Diagonal Ending Downward Candidate) have guided this decline. Momentum indicators (e.g., RSI at 47.51) suggest the downtrend may be losing steam, but the MACD histogram turning positive hints at a potential short-term bounce. Current Sentiment (Technical & News): Technical Indicators: Mixed signals. RSI (47.51) is neutral, while MACD shows a bullish crossover (histogram turning positive). The price is below key moving averages (e.g., 200-day SMA at 167.35), indicating a bearish bias. News Sentiment: Mixed to slightly negative. Ad revenue pressures and regulatory risks weigh on sentiment, but long-term growth catalysts (AI, cloud) provide optimism. Analysts maintain a "Buy" rating despite near-term challenges. Synthesis: The technical picture aligns with the news—short-term bearishness (price below MAs, ad revenue concerns) but potential for a reversal if support holds (undervaluation, bullish MACD). Key Levels & Momentum: The price is currently below the 50-day SMA (161.89) and 200-day SMA (167.35), signaling bearish dominance. Momentum is fading (RSI neutral, Stochastic not oversold), but the MACD histogram suggests a possible short-term bounce. 2. Elliott Wave Analysis (Contextualized to Current Price) Relevant Elliott Wave Patterns: Diagonal Ending Downward Candidate (Valid): Suggests the downtrend may be nearing completion, with Wave 5 potentially ending near 152.48-154.34 (Fibonacci 100% projection). Expanded Flat Upward Candidate (Potentially Valid): If the price holds above 152.48, this pattern could signal a corrective rally toward 162.82. Wave Count vs. Indicators/Sentiment: The Diagonal Ending pattern contradicts the bearish news sentiment but aligns with oversold technicals (RSI, MACD). This divergence suggests a potential reversal if support holds. The Expanded Flat pattern would confirm a bullish reversal if the price breaks above 160.31. Near-Term Projections: Downside: A break below 152.48 could extend losses to 148.36 (161.8% Fibonacci projection). Upside: A hold above 152.48 and break above 160.31 could target 162.82 (Expanded Flat target) and 167.35 (200-day SMA). 3. Strategy Derivation (Realistic, Actionable NOW, News Considered) Primary Strategy: WAIT (due to conflicting signals). Why Wait? The technical setup is mixed (bullish MACD vs. bearish MAs), and news sentiment is neutral-to-negative. The upcoming Q1 earnings could add volatility. If Price Holds Support (152.48-154.34): BUY with confirmation (e.g., break above 160.31). Entry Zone: 154.34-156.13 (Fibonacci 78.6% retracement). Stop-Loss: 151.44 (below recent low). Take Profit: TP1 at 160.31 (Fibonacci 100%), TP2 at 162.82 (Expanded Flat target). Risk/Reward: ~1:2 for TP1. If Price Breaks Below Support (152.48): SELL with confirmation (e.g., break below 150.06). Entry Zone: 152.48-151.44. Stop-Loss: 154.34 (above support). Take Profit: TP1 at 148.36 (161.8% Fibonacci), TP2 at 145.90 (Wave 5 projection). News Context Check: Earnings uncertainty and ad revenue pressures favor caution. Reduce position size if trading. 4. Trade Setup (Actionable, Realistic, News Aware) Direction: WAIT (watch key levels). Key Levels to Watch: Upside: 160.31 (breakout confirmation). Downside: 152.48 (breakdown confirmation). News Reminder: Be mindful of Q1 earnings and ad revenue trends. 5. Summary Section ✅ Investor / Long-Term Holder Summary: Key Support: 152.48 (accumulation zone if held). Long-Term Outlook: Undervalued (DCF: $260 vs. $157). Focus on AI/cloud growth. Action: Wait for pullback to 152.48 or break above 167.35 (200-day SMA).
NASDAQ:GOOGLShort
by samibelca
GOLD → The rally is intensifying. Growth after false breakdownFX:XAUUSD is breaking upwards and is trying to consolidate above the previous high of 3127 as part of a correction. This would be an ideal support for the bulls. The rally, on the background of political and geopolitical problems only intensifies Tariff escalation pushes up gold demand. Trump rejected the idea of lowering tariffs and the Treasury Secretary named a list of 15 countries that fall under the new measures. This has caused the dollar to weaken and fears of stagflation to rise, boosting demand for gold as a protective asset. Central banks and investors continue to build positions in gold, but corrections are possible before the tariffs announcement on April 2 and the release of U.S. economic data Technically, we have a strong bullish trend, it is risky to sell, we are looking for strong areas or levels to buy. For example, if the price consolidates above 3127, or after a false breakdown of 3119 / 3111 Resistance levels: 3147, 3155, 3166 Support levels: 3127, 3119, 3111 Before the continuation of the growth there may be a correction to the key support areas to normalize the imbalance in the market as well as to capture the liquidity. Consolidation above the level after a false breakdown will be a good signal for growth. But! News ahead and high volatility is possible! Regards R. Linda!
FX:XAUUSDLong
by RLinda
15
NZDUSD → Consolidation within the correctionFX:NZDUSD is forming a local correction on the background of the uptrend. The dollar has been consolidating and strengthening for the last week, which generally creates pressure on the forex market NZDUSD after a false break of the trend resistance, which also coincided with the stopping of the strong decline of the dollar, entered the correction phase. Locally, it is a downtrend, followed by consolidation, which in general forms a flag - a figure of continuation of the movement. The chart reveals strong levels that can be paid attention to. The dollar may continue its growth due to the US policy, which generally has a negative impact on the market. The price exit from the current consolidation may be accompanied by a strong impulse. Emphasis on 0.575 - 0.571. Resistance levels: 0.57426, 0.57674 Support levels: 0.571, 0.5684 After stopping at 0.571, the price is not pulling back, but forming consolidation on the background of the local downtrend. Most likely a big player lures the crowd to get to the imbalance zone or trend support at their expense. Regards R. Linda!
Short
by RLinda
6
USDT.D - The dominance of real moneyThe dominance of the dollar over cryptocurrencies is a real indicator of the growth status of ETH! The last wave of correction and decline is happening now! Pay attention to the accumulation zone before the Bitcoin price drops/inflates. Money is being transferred to BTC=>ETH=>ALT=>USDT=>BTC and so on in a circle, during the active participation phase of DOU, money is being transferred to ETH and beyond, so be vigilant In addition, I would like to draw your attention to the BTC.D indicator.
CRYPTOCAP:USDT.D
by SHARK1318
Bitcoin Elliott Wave Analysis – Key Breakout Levels to WatchBitcoin Elliott Wave Analysis – Key Levels to Watch 🚀 Bitcoin is currently at a critical decision point, and here’s my analysis based on Elliott Wave Theory and trend structures. 🔹 Wave Structure Analysis The price appears to be following a five-wave impulse structure. Wave (3) has extended well beyond Wave (1), confirming the impulse pattern. Wave (4) has respected key support levels and has not overlapped with Wave (1), maintaining a valid Elliott Wave structure. 🔹 Key Scenarios to Watch ✅ Bullish Scenario (Wave 5 Expansion) 🟢 If Bitcoin breaks above the previous Wave (1) high, it could confirm Wave (5) continuation. A breakout with strong volume could push BTC toward $109K - $130K levels. ⚠️ Bearish Scenario (Trend Break) 🔴 If the price fails to hold the trendline and breaks below $73,764, we could see a drop toward the $50K demand zone. A confirmed trendline breakdown would indicate a deeper correction before any further bullish continuation. 🔹 What to Watch? 📌 Breakout confirmation above resistance 📌 Trendline support reaction 📌 Volume & momentum indicators (RSI, MACD) 💬 Let me know your thoughts! Do you think BTC will hit new highs or face a correction? 🚀🔥 This should be engaging and informative for the TradingView community! Let me know if you want any tweaks. 🚀📊
COINBASE:BTCUSD
by Fadiq7
1
House of Cards - $585 before the crashHouse of Cards - $585 before the crash I'm unable to update my previous idea that I originally posted in February when AMEX:SPY was at the top. Going to make this brief and will add screenshots and additional notes once the structure of Wave (B) is confirmed or invalidated. On the 500R chart ($5), the price has risen in a distinct 3-wave pattern labelled A-B-C, with C reaching the 1.236 extension of A and finding resistance at the 100SMA (yellow). The low of Wave (A) respected the boundary of the lower line of the regression trend I have added to the chart. While this trend started prior to what I am considering Wave (A), I still think it provides a good target for the top of the retracement. Wave (c) of A of (B) (still following me?) is not confirmed as complete yet. It could extend as far as $584 without pulling back, however I anticipate the market building more liquidity on the way up while burning options in the process. I bought 3/28 $570p at the end of the day in case we see a 50%-61.8% pullback to $560-$563 by the end of the week. If that happens, we should have enough room to reach the upper band at $585, which would be a little over a 50% retracement of Wave (A). This would also cause the price to touch the 200 SMA (green), which is common in the first major retracement of a bear market. Lastly, from a psychological perspective, the market reached an overwhelmingly bearish consensus from mid-February to mid-March. Sentiment during Wave (a) was mostly bearish, but sentiment has shifted positive since the price entered Wave (c) and gapped up on Monday, resulting in a >+1% day. This sets the stage for a rug pull and subsequent bear trap for late sellers who will assume the downtrend has resumed prematurely. We'll see how this plays out. I'll switch to calls if a higher high is made Wednesday 3/26. Good luck to all.
AMEX:SPY
by ap769
4