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Elliott Wave

More down for BitcoinHi traders, Last week Bitcoin retested the Daily FVG and finished a (Flat) correction pattern up after sweeping the previous highs (orange B-wave). After that it rejected and went lower. Now we could see another move down to finish the bigger (orange) A-B-C correction down. Let's see what the market does and react. Trade idea: Wait for a change in orderflow to bearish and trade shorts into the lower Weekly FVG. If you want to learn more about trading ICT concepts with wave analysis, please make sure to follow me, give a boost or respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals. Don't be emotional, just trade! Eduwave
Short
by EduwaveTrading
Another drop for goldHi traders, Last week XAUUSD made a bigger correction up, retested the whole Daily FVG rejected from there and went lower. Next week we could see price drop again (after a small correction up) to finish the (orange) W-X-Y Zigzag correction. Let's see what price does and react. Trade idea: Wait for a change in orderflow to bearish after a correction up on a lower timeframe to trade shorts. If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals. Don't be emotional, just trade! Eduwave
FOREXCOM:XAUUSDShort
by EduwaveTrading
Another move down for SPX500USDHi traders, Last week SPX500USD made a correction up and retested the whole Daily FVG above. After that this pair dropped again. Next week we could see a correction up and another drop. Trade idea: Wait for the correction up and retest into the 4H FVG's. After a change in orderflow to bearish, you could trade shorts. If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals. Don't be emotional, just trade! Eduwave
OANDA:SPX500USDShort
by EduwaveTrading
Next move down for EUHi traders, Last week EU consolidated some more and retested the Daily FVG. Next week we could see this pair go lower again to finish wave 5 (black). Let's see what the market does and react. Trade idea: Wait for a change in orderflow to bearish on a lower timeframe and trade shorts. If you want to see more from my analysis, please make sure to follow me, give a boost or respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! Eduwave
Short
by EduwaveTrading
GBPNZD1. Current Market Situation (Wave 3): The market is currently in Wave 3, which is usually the strongest and longest wave in Elliott Wave Theory. Wave 3 is known for its powerful upward movement. This is typically the wave where most traders and investors jump in, creating significant momentum. 2. Approaching the End of Wave 3: Right now, Wave 3 doesn’t seem fully complete, but it’s close to its end. You can identify this because: Momentum starts to slow down as the price nears resistance levels. Wave 3 often reaches Fibonacci extensions like 1.618 or 2.618, which are key indicators for its completion. 3. Retracement in Wave 4: After Wave 3 finishes, the price will likely pull back into Wave 4. This is a normal retracement where the market consolidates some of Wave 3’s gains. The retracement typically hits Fibonacci retracement levels of 0.382 or 0.5. Wave 4 is usually a smoother and less volatile wave compared to Wave 2. 4. Completion in Wave 5: Finally, Wave 5 is the last wave in the trend. This wave completes the overall upward movement. Wave 5 generally creates a new high, but it’s often less strong compared to Wave 3. Key Takeaways: Right now, the market is still in Wave 3 but close to finishing it. After that: Expect the price to pull back into Wave 4 at around Fibonacci 0.382 or 0.5 retracement levels. Wave 5 will follow, taking the price higher to finish the trend. Pro Tip: If you're trading, wait to confirm the end of Wave 3 and the start of Wave 4 before entering. Using tools like RSI or MACD can help you verify the momentum and trend shifts.
Long
by professionalgoldtrader
XRPUSD Monthly Chart: Elliott Wave Analysis and Key PatternsOn the monthly timeframe, here’s my analysis based on Elliot Wave Theory and observable patterns: Identifiable Pattern: The chart appears to form a 5-wave Elliott Wave structure, consistent with a motive wave (impulse). This structure typically aligns with the principles of an overall bullish trend. Wave Count (Elliott Wave Theory): 1. Wave 1: The initial sharp rally (early price action). Represents the first major bullish move. 2. Wave 2: A corrective phase following Wave 1, marked by a sharp retracement to a support level. Retraces but does not exceed the start of Wave 1. 3. Wave 3: The strongest and longest rally, breaking previous resistance levels. A sharp breakout confirms strong bullish momentum. 4. Wave 4: A consolidation or pullback phase after Wave 3. Does not overlap with Wave 1 (as per Elliott Wave rules). 5. Wave 5: A final rally, potentially ongoing, with price aiming to exceed Wave 3’s high. Potential Correction: After the 5-wave pattern completes, an ABC corrective wave (3 waves) typically follows. This chart does not clearly show whether the ABC correction has fully formed yet, but there are hints of prior corrections between the waves. Additional Observations: Golden Ratio/ Fibonacci Levels: The pattern aligns closely with key Fibonacci retracement and extension levels, suggesting adherence to Elliott Wave principles. Bullish Continuation: If the current price action completes Wave 5 and breaks key resistance levels, the broader uptrend could resume after a correction. This chart shows a classic Elliott Wave structure and could suggest further bullish momentum if the pattern plays out as expected.
BITSTAMP:XRPUSD
by Samthecarpetman
5
es1! retests 5kes1! appears poised for a larger move down, based on the smaller timeframe count . this leads me to believe that es1! has entered a larger fourth wave. historically, these waves take an average of 2 months to play out and typically result in a 12% decrease from the high before completing. wave 4's often retrace back into the territory of the prior degree's wave 4, and i expect this one to follow suit. pay attention to the green trendline i've drawn on the chart,,, it serves as a solid guide for where i anticipate es1! to find a bottom. dipping below the trendline is acceptable, provided we don't see any weekly candle closes beneath it. even if a weekly candle does close below, a strong recovery the following week, such as a gap-up scenario , could invalidate the breakdown. there’s not much else to add here, as the chart is fairly straightforward. keep an eye on the trendline and monitor weekly closes for confirmation. 💸
CME_MINI:ES1!
by notoriousbids
bitcoin dips below 60kbitcoin dips below 60k, but we're unfazed. i see this playing out as we move into the depths of winter,,, this crypto winter ❄️ why would this happen, you ask? the answer is simple: a stop-loss raid. a sharp wave 4 designed to shake out weak hands. distribution may have already started, hypothetically speaking, but it'll take the rest of the year to unfold. think of it like the jan 2021 -> april 2021 vibe, only on a slightly higher degree and timeframe. --- take note of the highlighted wave 2's and wave 4's on my chart. what i'm illustrating is "the law of alternation," which states: if wave 2 is flat, wave 4 will be sharp, and vice versa. all the wave 2's in this cycle have been flats, so by design, all of our wave 4's are set to be sharps. this fits neatly into the larger cycle: sharp retracements triggered by over-leveraged positions, yet consistently bought up thanks to strong demand. with each sharp retracement, however, the upward moves become smaller, as momentum gradually fades. --- w4 target: below 60k w5 target: between 150k-200k (conservatively). --- ps. i have recently shared a much more bullish idea via:
CRYPTO:BTCUSD
by notoriousbids
10
PRSO Peraso Inc. Stock Analysis – Key Breakouts ObservedThe price of Peraso Inc. has recently broken through multiple resistance levels, including the red descending trendline and the blue trendline, signaling strong bullish momentum. The stock has also returned to the black range, making this zone a critical level to monitor. Today's candle was a strong bullish candle with high volume, further reinforcing the potential for upward movement. A retest of these levels would provide a clearer confirmation and a better opportunity for entry. Traders should closely monitor the price action and volume at these key zones to validate the breakout and potential continuation of the bullish trend. This is my personal analysis and opinion, not a recommendation to buy or sell.
NASDAQ:PRSOLong
by omossa
DOGE price predictionI've posted a few DOGE coin predictions over the last few weeks, with this one being an adaptation of one that I've previously posted. It looks as though we could be in a handle of a very long term cup and handle, with the handle being wave 4 of 5 of 1. IF it plays out there there's a mid-term decline underway and still coming until the end of the current cycle and then up in typical impulse fashion for 1-5 for the completion of 5. But, if there is a local high, then the cup and handle is invalidated and I'll put in a new prediction. In the immidate term all crypto is likely to go down for at least another week and then up from there. Follow for more.
COINBASE:DOGEUSD
by cryptechcapital
5
EURUSD Analysis==>>Pumping Soon!?EURUSD ( FX:EURUSD ) is currently moving near the Heavy Support zone($1.040-$1.022) , Potential Reversal Zone(PRZ) , and an Important Support line . According to Elliott's wave theory , EURUSD is completing microwave 5 of the main wave 5 , so we should expect bullish waves soon . Also, Regular Divergence (RD+) between Consecutive Valleys . I expect EURUSD to rise to at least $1.049 AFTER the Downtrend line is broken , and if the Resistance zone($1.040-$1.022) is broken, we have to wait for further increases . ⚠️Note: If EURUSD breaks the Important Support line, we can also expect the break of the Heavy Support zone($1.040-$1.022).⚠️ Euro/U.S.Dollar Analyze (EURUSD), 4-hour Time frame ⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put 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.
Long
by pejman_zwin
8