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Elliott Wave

Still Need Some Correction For S&P500 / ES Before Going UpAttention: Prices are read on the futures chart, so they might be different if you are reading on cash charts. But directions and realtionships, should be very similar. I believe S&P is in a very volatile correction and it is a bit hard to read. To me it looks like price completed a green (a) of the grey ((y)) wave with a failed 5th and started the green (b) wave with a very aggressive purple a wave. I believe we are now finishing the blue a-b-c correction in a c-wave diagonal and I would like to see it go down to 5110 area in the green box, for the c wave to have room to develop into the yellow box in the 5530 area. If price is heading above the 5630 area, I would start to look for another count, since this would mean the green (a)-(b)-(c) correction should have been a flat, and since the green (a) wave is not counted in three waves, this can't be correct. Right now I would like price to go down to the 5110 area, then back up to the 5530, and then we start the last green (c) wave of the grey ((y)) correction. And this green (c) wave has plenty of room. All the way down to 4176 before it invalidates the count. After all this correction, happy days are starting again, where the 5th wave could be heading for the 6500 to 7000 area.
CME_MINI:ES1!
by TheDane
BTC 4H Expansion scenario (Pseudo CRT with Elliott Wave) This is just a sketch, but I found some interesting confluence between Pseudo CRT-like analysis and an Elliott count (expanded/running flat with A as a flat). The automated indicator I created ("Seer Tee," doing the above-stated "pseudo-CRT" analysis) detected pivots for an upper-timeframe candles-based Modified Schiff Pitchfork. From a bullish perspective, 89k-92k could be a target zone. Invalidation below the thick white channel. If the chart turns bearish, 80k will be the next stop.
INDEX:BTCUSDLong
by jackrabbitrage
Dow Jones Update: Downside Pressure PersistsI currently estimate that the Dow Jones is in the early stage of wave B of wave (B), as indicated by the black label. This suggests that the index may continue its correction, potentially testing the 38,200–39,186 area before rebounding to challenge the resistance zone around 40,791 and possibly filling the gap between 41,173 and 41,629. However, under the more bearish scenario (red label), the selling pressure on the Dow Jones remains significant, which may result in the formation of wave , leading to a deeper correction below the 36,611 level.
TVC:DJI
by herdityawicaksana
2
GOLD → If you didn't catch the train, what should you do?FX:XAUUSD in a rally. Running into a train that is already in motion is prohibited due to the lack of ability to calculate risks. Ahead of the news, a correction is possible, which will allow us to find a place to trade Gold continues to update an all-time high on the back of expectations of retail sales in the US and the speech of Fed chief Powell. Price growth was supported by strong data from China, increased demand for “protective assets” due to geopolitical tensions and trade risks between the U.S. and China. Additional support was provided by forecasts of gold price growth from ANZ to $3,600 by the end of the year Technically, the psychological zones of interest 3325 - 3350 are ahead, from which a correction may form. The ideal scenario is to wait for a correction to local or intermediate support levels and only there look for an entry point. Resistance levels: 3318, 3335, 3350 Support levels: 3275, 3265, 3244 On the background of a strong bull market it is worth using as a productive strategy to trade on the breakdown of resistance in order to continue growth, but in this case we need to wait for consolidation, we do not have it. Or wait for correction, support retest and only then consider buying. Regards R. Linda!
FX:XAUUSDLong
by RLinda
18
NZDUSD → Is there a chance for continued growth?FX:NZDUSD within the framework of the rally, which is associated with a strong decline in the dollar, is exiting the ascending channel and testing the resistance at 0.5922. Against the backdrop of the falling dollar, which is associated with economic factors, the New Zealand has good chances to continue to grow. Consolidation of the currency pair above the level will indicate the readiness of the currency pair to continue to grow. But! Today is quite a day full of economic news. Traders are waiting for Core retail sales & retail sales, as well as Powell's speech at 17:15 UTC. High volatility is possible! Resistance levels: 0.5922, 0.6038 Support levels: 0.5853 A small correction may be formed from the resistance, but another retest and price consolidation above 0.5922 may be a good signal for both the bulls and us to make decisions. The currency pair has all chances to reach 0.6000 Regards R. Linda!
Long
by RLinda
3
GBPCAD → False breakdown, where do we go from here?FX:GBPCAD is forming a false breakdown of trend support. Against the backdrop of the falling dollar, the pound sterling went into the rally phase, which is favorable for the currency pair. The fundamental situation is in favor of GBP and CAD against the dollar, which continues its rapid decline. As part of the correction, the currency pair forms a test of support without the opportunity to continue the downward movement. The maneuver ends with a false breakdown and consolidation above the level (inside the channel). The currency pair may continue the uptrend if the bulls hold the defense above 1.8144 - 1.823 Support levels: 1.81500, 1.79788 Resistance levels: 1.8233, 1.83796 Accordingly, based on the fact that we have an uptrend, a strong currency pair (on the background of a weak dollar) and a false breakdown of support, we can say that the price is not allowed down and it is worth considering an attempt to continue the uptrend. Regards R. Linda!
Long
by RLinda
1
BTCUSD Analysis dated 16 Apr 2025 (Daily Chart: Short Term)Currently, it is on-process to form "Corrective Major Cycle wA" but not yet confirmed in Weekly chart yet. Please see Weekly chart analysis as per link below. At the moment, CDC Action Zone is still red, meaning MACD is below zero line. MACD histogram shuffling right now but no bullish divergence mathematically appeared in MACD indicator yet, although visual cues have now shown in chart. Below is Corrective (5-3-5) Major Cycle wA with 5 Common Motive Wave Count Scenario #1: Rebound and confirmed Major Cycle wA. Potential reversal is near but very likely that it is rally in downtrend. If price pushed back above USD 88,798.66 then we can expected CDC Action Zone to be green signal and rebound back in 61.8% - 78.6% (USD 96,017.31 - USD 101,882.66) (40% likelihood rebound) Scenario #2: Continue to be downtrend and yet to confirmed Major Cycle wA. Although there is potential reversal but it still within downtrend regression line, therefore, it is safe to say that it is still on downtrend. (50% likelihood continuation of downtrend) Scenario #3: V-shape strong bullish uptrend, pushes price above USD 109,354 within this month (10% likelihood) It is still possible to push price back up above USD 109,354 and form Strong B corrective Major Cycle wA but chance is low in my opinion. Short term Action Plan buy BTCUSD Option 1a. Wait for CDC Action Zone to inform Buy Signal and enter Long Position and exit appropriately. "No Signal, No Buying Policy"
INDEX:BTCUSD
by nathsup
BTCUSD Analysis dated 16 Apr 2025 (Weekly Chart: Medium Term)Currently, it is on-process to form "Grand Cycle w1" but not yet confirmed in Monthly chart yet. Please see Monthly chart analysis as per link below. As observed, 5 motive major cycle waves has now formed and confirmed by MACD but at the moment waiting for 3 corrective major wave s to confirmed in order to complete "Grand Cycle w1" At the moment price has pulled back into CDC Action Zone and went below EMA 26, which already shown in yellowish colour bars for past 8 weeks. This is likely to form corrective major wA, as marked in chart. Notice that i) MACD histogram is losing downward momentum. ii) ADX still above 20 line. iii) Price still in CDC Action Zone (Yellowish colour bars), indicating pullback. In conservative views, ending of corrective wA is near but no confirming that wA is ending at this price level yet. Once MACD line cross back up signal line then it can safely said corrective major wA is confirmed. Anyhow, potential reversal may occur during this time, which possibly be only be rebound but continuation of downward trend may still occur anytime. If price did not pushed back up above the range USD 109,354 then it is still considered just rebound in Medium Term for now. Grand Cycle w2 Action Plan Option 1) Wait for Corrective Major A-B-C to form, wait for CDC Action Zone to inform Buy signal then enter Long Position. Option 2) If price pushed back above USD 109,354 then proceed "Breakout Strategy" by putting buy stop order at USD 109,355 with appropriate stop-loss. For zoom-in analysis, please see BTCUSD Analysis dated 16 Apr 2025 (Daily Chart), see comment below.
INDEX:BTCUSD
by nathsup
Gold Price at a Crossroads: Awaiting the Next MoveCurrently, I foresee two possible scenarios for XAUUSD. In the more optimistic scenario (black label), the recent correction is assumed to be wave ii of wave (v), which suggests that XAUUSD still has the potential to strengthen toward the 3,177–3,306. However, attention should also be given to the bearish scenario (red label). If XAUUSD fails to break above the 3,167 resistance level, it is likely that wave 3 has already been completed, and the current movement is part of wave 4. In this case, XAUUSD may decline toward the 2,489–2,832.
FX_IDC:XAUUSD
by herdityawicaksana
4
Analysis of the BRENT chart with expectations for 2025-2026◽️Technically, all conditions for the completion of the second wave correction have been met, and now quotes can be safely reversed up. However, current events in the global economy do not yet provide grounds for confidently asserting this. Locally, the price may still be driven down to $50 per barrel and even slightly lower. One way or another, it is important to understand a simple thing: everything below $70 per barrel should be seen as an opportunity to buy oil and everything related to it cheaply. ◽️According to my estimates, there is probably still time for deliberation on purchases until the end of spring. But further, from the beginning of summer, I expect a sharp rise in prices amid the escalation in the Middle East. From above, in the $100-150 range, growth will likely be contained for some time, which will be interpreted as the formation of sub-waves (i)-(ii), where after sharp rise in the first sub-wave from approximately $50-60 to $120-130, a local correction will follow within the second sub-wave. ◽️The growth period may take 3-6 months, and the correction to it another 2-4 quarters, and then a breakout of the $120-150 resistance zone and further "to the moon" in the third waves is expected. 🙏 Thank you for your attention and 🚀 for the idea. ☘️ Good luck, take care! 📟 See you later.
OANDA:BCOUSDLong
by T_A_R_A_S
BTCUSD Analysis dated 16 Apr 2025 (Monthly Chart: Long Term)Currently, it is on "Motive Super Grand Cycle w3" Based on Fibonacci Level, ending of Motive Super Grand Cycle w3 is long way to go with price target at 261.8% of Fibonacci Projection Motive Super Grand Cycle w1 - w2 of USD 195,310.13 Sidenote: Wave 3 can be ended anything between 161.8% - 261.8% at very least. At the moment, it is forming Motive Grand Cycle w1 on Jan 2024 with highest price on USD 109,354 but not yet confirmed, until MACD line cross below Signal Line (See Red Circle Under MACD Indicator) Motive Grand Cycle w2 Action Plan Step 1a) Once Motive Grand Cycle w1 completed (MACD line cross below Signal Line and approaching Zero-Line) Step 1b) Price is entering CDC Action Zone between EMA12 and EMA 26 Step 2) Enter Long Position once MACD line cross above Signal Line Likelihood for Running flat/Expanded flat type of Grand Cycle w2 is very high since it is under Motive Super Grand Cycle w3 right now. For zoom-in analysis, please see BTCUSD Analysis dated 16 Apr 2025 (Weekly Chart), see comment below.
INDEX:BTCUSDLong
by nathsup
Gold Dips From PRZ – Will Supports Hold for New ATH?Gold ( OANDA:XAUUSD ) started to correct again from the Potential Reversal Zone(PRZ) and near the Resistance lines . The question is, can Gold create a new All-Time High(ATH) again? In terms of Elliott waves , Gold appears to be completing a main wave 4 . This main wave 4 is likely to complete near the Support lines and Support zone($3,168-$3,133) . I expect Gold to either rise again after breaking the Resistance zone($3,220-$3,211) or near the Support zone($3,168-$3,133) and Support lines . Do you think Gold can create a new All-Time High(ATH) again? Note: If Gold breaks the Support zone($3,168-$3,133), we should expect a further correction from Gold. Gold Analyze ( XAUUSD ), 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; 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:XAUUSDLong
by pejman_zwin
3