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Elliott Wave

EUR/USD Analysis – Bearish Continuation Setup (Wave (5) in ProgrTimeframe: 15m Date: May 18, 2025 Tools Used: Elliott Wave, Fibonacci, SNR Zones, Awesome Oscillator (AO) Bias: Bearish Confluence Zone for Entry: 1.618 – 2.618 Fib Extension 🔍 Technical Breakdown: 🌀 Elliott Wave Count: We are currently tracking a 5-wave impulsive bearish structure on EUR/USD. Wave (1), (2), and (3) have been completed. Price is now forming a corrective Wave (4) which appears to be completing near a key SNR zone and Fibonacci confluence area. Based on the wave structure and market behavior, Wave (5) is expected to follow after this correction completes, targeting a new lower low. 📏 Fibonacci Confluence: Wave (4) retracement aligns with several Fibonacci extension levels: 1.618 (1.11663) – This is the first key resistance zone, coinciding with prior support turned resistance (SNR) and the AO convergence point. 2.618 (1.11892) – Acts as the extended potential reversal point if price overshoots the 1.618 zone. These fib zones create a tight area of interest for potential entries with stop-loss placement above 2.618, targeting Wave (5) completion near 1.1120 or below. 🧱 SNR (Support & Resistance) Zone: The area between 1.11600 – 1.11900 has historically acted as a supply zone. Price reacted sharply from here during prior bearish moves. Break of microstructure around 1.11464 – 1.11428 would further confirm bearish intent and potential early Wave (5) entry. 📉 AO (Awesome Oscillator) – Bearish Convergence (H1 + M15): There is a clear bearish convergence on both H1 and M15: Price formed lower lows, while AO histogram also made higher lows, indicating momentum is still bearish despite the corrective bounce. This convergence supports the idea that Wave (4) is just a temporary correction, not a trend reversal. 🎯 Trade Plan (Hypothetical Example): Sell Zone (Entry): Between 1.11663 – 1.11892 (Fib 1.618 to 2.618 + SNR zone) Confirmation: Bearish structure break (1.11464 – 1.11428) Stop Loss: Above 1.11920 (just above 2.618 level) Target: 1.11200 area (Wave (5) projection) 📌 Summary: This setup offers a clean multi-confluence short opportunity, aligning with: Elliott Wave structure (Wave (5) pending) Fibonacci extensions (1.618 – 2.618) SNR resistance zone AO bearish convergence on both H1 and M15 ⚠️ Wait for structural confirmation and always manage risk carefully. Traders should wait for confirmation from price action (e.g. a break below 1.11428) before entering. Risk management is essential as fib extensions can occasionally overshoot before price turns. #EURUSD #ForexAnalysis #ElliottWave #Wave5Setup #AOConvergence #AwesomeOscillator #FibConfluence #SNRZone #PriceAction #BearishSetup #WaveTheory #TechnicalAnalysis #SmartMoney #StructureBreak #ForexSetup #MomentumTrading #MultiTimeframeAnalysis #FXTrading #MarketStructure #ShortOpportunity
Short
by AwesomeOscDad
NIFTY50.....New target-area ahead!Hello Traders, the NIFTY50 has advanced to 25116.25 on Friday! This was week's high. So, my expectation was wrong! Instead, the index rallied to the new multi week's high. Chart analysis: The level of 24973.80 was wave one (red) ( of v (blue), the correction after wave 2 of v, same degree. The coming move probably should start wave 3 (red) of 5 (blue). One possible target, if so to come, it's around the 27853 range, ± some points. Any corrective setbacks that still end above 23847 makes the count not invalid! But, as before! Once a trend has been established, the focus is to the upside in this case. So the new level for a wave ((iii) of v (blue) is around 27853 area. Have a great Sunday..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
20
XRP/USD – Bullish Reversal in Progress After Wave 5 Completion📊 XRP/USD – Bullish Reversal in Progress After Wave 5 Completion Timeframe: 1H Structure: Elliott Wave + Divergence + Break of Structure Indicators Used: Awesome Oscillator (AO), Fibonacci Retracement, Market Structure ⸻ 🧠 Wave Count & Structure Analysis We’ve just completed a clean 5-wave Elliott impulsive structure to the downside: • ✅ Wave 1–5 clearly marked with strong bearish momentum • ✅ Wave (3) and Wave (5) show bullish divergence on the Awesome Oscillator (AO) – a classic sign of weakening bearish momentum and potential reversal • ✅ Wave (5) completed at the bottom with confluence from price action and AO divergence ⸻ 🔁 Break of Structure & Confirmation • ✅ Break of structure (BoS) occurred at 2.35064, confirming the end of the bearish impulsive wave and the start of a potential ABC corrective phase • ✅ The BoS also coincides with a dominant structure break, giving higher confidence in the trend shift ⸻ 🟦 Current Price Action: ABC Corrective Wave Forming We’re now in the early stages of a bullish corrective wave (ABC): • 🔹 Wave A has likely completed • 🔹 Currently expecting a retracement to form Wave B • 🔹 Wave C target is projected based on Fibonacci extensions between 1.618 to 1.88, offering a high-probability take-profit zone (TP1) ⸻ 🎯 Trade Setup Pending Buy Entry: • 📍 Entry Zone: Fibonacci retracement between 0.382 – 0.618 of Wave A • 🎯 TP1: Fibonacci extension of Wave C between 1.618 – 1.88 • ❗ SL: Just below Wave (5) low or below 0.618 zone, depending on risk tolerance ⸻ 🧩 Confluences for Bullish Setup • ✅ Elliott Wave completion (Wave 5) • ✅ Bullish Divergence on AO • ✅ Break of Market Structure (BoS + Dominant BoS) • ✅ Retracement into Fibonacci golden zone (0.382–0.618) • ✅ Measured C wave extension to 1.618–1.88 ⸻ 📝 Summary The market has shown strong technical signals for a bullish corrective move after a clean Elliott 5-wave completion. With a confirmed divergence, break of structure, and upcoming ABC retracement, this setup offers a solid risk-to-reward opportunity. Watching the buy zone closely for a pending long trigger. ⸻ 🔔 Disclaimer: This is not financial advice. Always conduct your own analysis and manage your risk accordingly.
BITSTAMP:XRPUSDLong
by AwesomeOscDad
Bitcoin Might Be Forming a Local Top – Watch the Trendline!!After completing a clear 5-wave impulsive move, Bitcoin appears to be losing bullish momentum. The price is testing the main ascending trendline, and a breakdown could lead to a deeper correction. The wave count suggests that the 5th wave may already be completed, potentially marking a local top. The key support zone to watch is around $97,740 – a clean break below this level could trigger further downside pressure. 📉 Structure: 5-wave impulsive move 🟦 Support zone: ~$97,740 🔵 Trendline: Currently under test 📌 Bias: Bearish below trendline 📅 Forecast Date: May 18, 2025 ⏳ Timeframe: 4H This is not financial advice. Always manage your risk.
Short
by CakirInsights
Chart history XRPThis analysis will take a lot of time because it is medium-term and the failure point is close and only when it is broken does the analysis fail. Other than that, it is in a downward trend and all the data is explained on the chart. *In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.
by KhaldHegazy
Bitcoin at Resistance With Weak Momentum-Bearish SetupBitcoin ( BINANCE:BTCUSDT ) finally reached the Resistance zone($105,100-$104,520) as I expected yesterday. Of course, the way Bitcoin reached the resistance zone was NOT with high momentum , so I decided to share this analysis with you. In terms of Classic Technical Analysis , Bitcoin appears to have formed a Rising Wedge Reversal Pattern between Support zone($103,320-$102,600) and Resistance zone($105,100-$104,520) over the past few hours . In terms of Elliott Wave theory , given Bitcoin’s low momentum and the Heavy Cumulative Short Liquidation Leverage($105,180-$104,412) ahead of Bitcoin, it appears that Bitcoin has completed microwave B of the main wave 4 with a Double Three Correction(WXY) . I expect Bitcoin to decline to at least $102,800 at the first target AFTER breaking the lower line of the Rising Wedge Pattern, and if the Support zone($103,320-$102,600) and lower line of the ascending channel(Major) are broken, we should expect a drop to Cumulative Short Liquidation Leverage($100,763-$99,600) . Note: If Bitcoin touches $105,850, we can expect further increases. 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
53
Continue analysis on VRACompleting my analysis of this currency from a year ago, we find that it has actually fallen, and according to the new data that has appeared, a triple flat has been formed, and a new strong fall to the area below is expected, and all the data is shown on the chart. *In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.
Short
by KhaldHegazy
2
MANA End of Cycle Correction Major Wave Structure UnfoldingMANA has completed a downward 5-wave impulsive decline, terminating at a strong dynamic support that also aligns with the Base Demand Zone. Following the low, price entered a prolonged complex corrective phase (ABCDE structure) establishing a broad Consolidation Zone. A clean breakout from the wedge confirms the completion of impulsive upside Wave 1, setting the stage for a projected upside impulsive rally targeting higher fib extensions. The prior swing high at 0.7832 serves as a critical pivot, and price is expected to retrace into the 0.389 before continuation for the projected wave 3. The current price action is likely the start of Wave 2 pullback within the larger impulsive wave 1 structure, with the Buy-Back Zone highlighted between the Re-Accumulation and Base Demand Zones, offering a potential re-entry opportunity for the next impulsive expansion. The ultimate targets lie within the Major Supply Zone (Sell-Off Area), where final distribution and cycle completion may occur. Do share your view on this project with us.
COINBASE:MANAUSDLong
by weslad
6
SUI/USDT – Two Scenarios in Play: Impulse or Ending Diagonal?SUI is at a key decision point on the 4H chart. The current structure may either be: a classic impulse wave, with wave (5) still incomplete, or a bearish ending diagonal, suggesting the uptrend is losing strength. If this is an impulse, price could continue toward the upper boundary of the wedge to complete wave (5). However, if this is an ending diagonal, a sharp breakdown could target the support zone around $2.93, near wave (2). 📌 Stay cautious until a breakout or breakdown confirms the direction. 🕰️ Timeframe: 4H (Binance) 📉 Key support: $2.93
Short
by CakirInsights
More upside for BitcoinHi traders, Last week Bitcoin went a little more up to finish wave 3 (updated wavecount) and after that it started a bigger correction. This looks like a Triangle wave 4 (grey). So if this is true, then we could see the next upmove soon. Let's see what the market does and react. Trade idea: Wait for a change in orderflow to bullish, an impulse wave up and a small correction down on a lower timeframe to trade longs. 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
Long
by EduwaveTrading
Gold is ready to go upHi traders, It turned out that gold made a bigger correction wave 4 (grey) down. Last week gold immediately dropped and after it came into the 4H FVG it rejected and went impulsively up. So next week we could see more upside for wave 5 (grey). Let's see what price does and react. Trade idea: Wait for a small correction down on a lower trimeframe to 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
OANDA:XAUUSDLong
by EduwaveTrading
Correction and up for SPX500USDHi traders, Last week SPX500USD slowly went up some more. The pullbacks are overlapping so it looks like price is forming a leading diagonal (wave 1). I'm still expecting a downmove because of the price action. Price came into the 4H FVG and is showing a bearish doji. So next week we could see a (corrective) move down. Let's see what the market does and react. Trade idea: Wait for price to develop some more before you take any trades. 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
OANDA:SPX500USD
by EduwaveTrading
1
EU is ready to riseHi traders, Last week EU made another wave down into the Daily FVG. Check my outlook of last week. After the bigger correction was finished, price made the first impulse wave up and a correction down. So next week we could see the next impulse wave 3 of 5 (black) up. Let's see what the market does and react. Trade idea: Wait for a small impulse wave up and a correction down on a lower timeframe to trade longs to the higher Weekly FVG. If you want to learn more about trading with FVG's, liquidity sweeps and Wave analysis, then 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
Long
by EduwaveTrading
Elliott Wave Analysis – Bearish Wave 5 Setup in Progress 📉 Elliott Wave Analysis – Bearish Wave 5 Setup in Progress 🔍 Watchlist: Short Opportunity at Completion of Wave 4 ⸻ ✅ Wave Count Overview As illustrated in the chart, we have a clear impulsive Elliott Wave structure unfolding. Waves 1, 2, 3, and 4 have been successfully completed, as confirmed by the Awesome Oscillator (AO) displaying healthy wave divergence and convergence throughout the formation. • Wave 3 extended beautifully, and now Wave 4 appears to have completed its corrective phase. • AO shows classic convergence during this retracement, confirming weakening bullish momentum — a hallmark sign of Wave 4 development nearing exhaustion. ⸻ 📌 Key Technical Levels: • Wave 4 Top: Completed near the 1.618 Fibonacci extension, a textbook resistance zone for the end of a corrective wave. • Critical Resistance / SNR Level: 3202.465 – This zone acts as a major resistance, aligning perfectly with prior structure and fib confluence. • Important Rule: Wave 4 must not overlap with Wave 1 territory. So far, this rule remains respected. A break below this would invalidate the current count. ⸻ 🎯 Wave 5 Trade Setup – Bearish Bias Looking ahead, I’m anticipating the final leg down – Wave 5 – to unfold from this resistance region. This presents a potential shorting opportunity for high-probability traders. • Wave 5 Target Zone: 🔻 1.618 - 1.88 Fibonacci extension from Wave 3 🔻 Expect strong bearish momentum to kick in as Wave 5 progresses 🔻 AO should shift strongly red again, confirming impulse resumption ⸻ 💡 Summary & Trading Plan: • ✅ Wave 4 looks completed based on Fibonacci confluence + AO convergence • 🔥 Resistance at 3202.465 is the key level to watch • 📉 Enter short once price confirms rejection and momentum shifts • 🎯 Target zone: 1.618 - 1.88 fib extension below • ❗ Risk: Setup invalidated if Wave 4 enters Wave 1’s price zone 👉 Let’s ride Wave 5 together! 🚀💥 #elliottwave #tradingviewanalysis #wavecount #shortsetup #technicalanalysis #priceaction #aoindicator #wave5incoming
TVC:GOLDShort
by AwesomeOscDad
GOLD → The fight for 3,200 continuesFX:XAUUSD has recovered after a bearish distribution. The price has returned to the range but continues to test the fundamental threshold of 3200. The fundamental background has been gradually improving recently, which is putting pressure on the gold market, increasing the profit-taking ratio and the level of sales. After the resolution of the tariff war, all attention has shifted to the negotiations between Russia and Ukraine, and de-escalation could also reduce economic risks. As well as the escalation of the conflict in the Middle East... Technically, the price is returning to the range after a deep false breakout but is facing strong resistance and pressure from sellers. Further developments depend on the 3200 level, which is of fundamental importance. Resistance levels: 3225, 3236, 3257 Support levels: 3204 - 3200, 3194 The battle for the 3200 area continues, with bulls likely to try to keep the price above 3200, in which case the market may test the 0.5-0.7 Fibonacci zone. However, given the recent improvement in fundamentals, the price may return from these zones of interest to 3200 with the aim of continuing the assault to break through and continue the downtrend. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
12