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Elliott Wave

NIFTY Resumes Its Bullish TrendHello traders! Today we will talk about an Indian stock market exchange NIFTY 50, as we see nice and clean pattern from technical and Elliott wave perspective. As you can see, NIFTY is in an impulsive bullish rise on the weekly basis, which looks like a higher degree wave 3 of an ongoing five-wave bullish impulse by Elliott wave theory. After recent corrective slowdown in subwave (4), which perfectly tested channel support line and 38,2% Fibonacci retracement, we can now see it extending even higher, ideally for subwave (5) of a higher degree wave 3 that can push the price even up to 28k-30k area this year, just watch out on short-term pullbacks.
NSE:NIFTYLong
by ew-forecast
DEEP 2H AnalysisHey traders! 👋 I’m watching a potential Wave 3 impulsive move forming on DEEP/USDT that could present a strong bullish opportunity. Let’s break it down 👇 🔹 Structure Overview: We’ve completed a five-wave impulse upward (Wave 1 ✅), followed by an irregular corrective Wave 2 (ABC correction). This setup opens the door for a classic Elliott Wave 3, which tends to be the strongest leg in the sequence. 🟩 Entry Zone: 0.195 – 0.205 🎯 TP: 0.256 🛑 SL: 0.182 ⚖️ Risk/Reward Ratio: 1:3 📌 Remember: Take care of your risk and money management. Always size your positions according to your plan. 💬 What do you think? Does this count look solid to you, or are you seeing a different wave scenario? Drop your thoughts below ⬇️
by TheWaveHunter
Gold's Rally Resumes (Elliott Wave)Gold's decline to today's low has satisfied the minimum requirements to consider the correction over. The April to May decline corrected in a double zigzag labeled ((w))-((x))-((y)). There are 3 geometric relationships pointing to today's low as an important bottom. 1. Wave ((y)) was equal to wave ((w)) at today's low, a common wave relationship. 2. Additionally, wave (c) of ((y)) was 61.8% times wave (a) of ((y))...another common wave relationship. 3. Lastly, the previous all-time high from early April clocks in at 3,167...the broken resistance acts as new support holding up prices. The runway is cleared for gold to take off to new all-time highs again. In the unexpected event of a decline below today's low, the next cluster of wave relationships appears near 2,950.
OANDA:XAUUSDLong
by JWagnerFXTrader
Bitcoin at PRZ! Is This the Calm Before a Drop?As I expected in yesterday's idea , Bitcoin ( BINANCE:BTCUSDT ) started to rise from near the Support line and hit the Target . Bitcoin is trading near the Potential Reversal Zone(PRZ) , the upper line of the ascending channel(minor) , and the Resistance line . In terms of Elliott Wave theory , it seems that Bitcoin has successfully completed the microwave B of the main wave 4 in the ascending channel(minor). A break of the lower line of the ascending channel(minor) could be a sign of the completion of this wave. The corrective structure of the main wave 4 so far could be a Zigzag(ABC/5-3-5) . I expect Bitcoin to drop to at least $100,923 AFTER breaking the lower line of the ascending channel(minor) and breaking the Support line, the next target could be the lower line of the ascending channel(major) . Cumulative Short Liquidation Leverage: $106,943-$105,913 Cumulative Short Liquidation Leverage: $105,525-$104,500 Cumulative Long Liquidation Leverage: $100,763-$99,774 Note: If Bitcoin goes above $105,300, we can expect more pumps. Note: If Bitcoin touches $99,400, we should expect further declines. 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
18
Today's analysis is full of scribbles...Well, we've got a clean setup with a range box, indicating a weakening bearish trend. There's an Elliott correction that seems to have completed and now the overall bullish trend is likely to resume. We're seeing a strong uptrend on the weekly timeframe. The bullish BOS (Break of Structure) has been touched several times and looks exhausted now. We've got a key Fibonacci level, which is the most important area right now. There are multiple order blocks around as well. In short, I gave you a simple breakdown — go ahead, analyze it yourself and look for entries. Wishing you all success and green trades!
Long
by soroushshahabi639
GOLD → Correction ahead of news. Will the decline resume?FX:XAUUSD has been buying back all the losses from the Asian and Pacific sessions since the opening of the European session, but this looks more like a catapult being loaded... GOLD broke through the global consolidation base of 3200, which only confirmed the bearish market structure. Investors are waiting for PPI and retail sales data in the US, as well as Fed Chair Powell's speech. Expectations of fewer Fed rate cuts and optimism surrounding trade talks with China and South Korea continue to weigh on gold. However, weak macro data and a growing US budget deficit could revive interest in this safe-haven asset. GOLD is in a correction phase and is heading towards the zone of interest: the liquidity zone and previously broken support of global consolidation. Resistance levels: 3187-3190, 3200 Support levels: 3123, 3100 Gold may test the indicated resistance, but based on the nature of the market, this situation may end in a false breakout and a fall. Target 3123 - 3100. However, unpredictable data may temporarily change the market, which could lead to momentum towards 3220-3230. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
13
Bitcoin ready to test support before risingThe volume profile indicates a clear boundary of the trading range - consolidation support as a target for the current local movement. 102200 - 101400 - panic zone, price may enter this zone, provoke bids (buyers' stoplosses and speculators' sales) and return to the range, which will activate a zone of interest for the market - 103930. Scenario: the price is trading inside the consolidation with clear boundaries - support and resistance. The price is aiming for the support within a bullish trend. False breakdown of support may trigger a rebound and growth. Target 103930 - 105000
Long
by AndeWave
9
NIFTY 50 - Elliott Wave 5 Completion (Gap Confirmation Awaited )📝 Analysis: The Nifty 50 index has shown classic Elliott Wave behavior, with clear 5-wave structure completion observed on multiple timeframes. 🟢 90-minute Chart (Left Panel): A full 5-wave Elliott structure is marked. Price has completed wave 5, indicating potential exhaustion. Oscillator shows momentum weakening with a potential bearish divergence developing. Immediate downside correction zone is highlighted near ₹23,800. 🟠 15-minute Chart (Right Panel): Expanding wave 4-5 move is observed. Within the larger 4-5 wave, a smaller degree internal 5-wave uptrend has completed. Negative divergence confirmed on histogram indicator, suggesting potential reversal or exhaustion. The last leg (5th wave within 5) indicates aggressive short covering, often preceding exhaustion gaps. 📊 Key Trigger for Next Move: Next day Gap Up (Exhaustion Gap) or Gap Down (Breakaway Gap) will be crucial. Gap Up without follow-through indicates up-move halt → potential reversal. Gap Down will confirm halt of up-move → initiate corrective decline towards ₹23,800. Watch for candlestick confirmation post-gap. 🎯 Targets & Levels to Watch: Immediate support: ₹23,800 Breakdown below this level could trigger deeper retracement. Upside is limited unless fresh breakout sustains above current highs with volume. ⚠️ Risk Management: Ideal to wait for GAP confirmation (opening tick next day). Strict stop-loss if shorting should be placed above wave 5 high. Avoid pre-emptive shorts without confirmation. 🟡 Disclaimer: This analysis is for educational purposes only and should not be construed as financial advice. Please consult your financial advisor before taking any investment or trading decision. Markets are subject to high risks.
NSE:NIFTYShort
by shiva560060
ETHEREUM → Consolidation. Which way will the distribution go?BINANCE:ETHUSDT.P has moved into a consolidation phase after the distribution phase. Focus on the 2414-2725 range. A retest of support is possible during the current phase. Despite the bullish trend, there are risks of a reversal... ETH has been a fairly unprofitable project over the past few years, with the price hitting one bottom after another. While Bitcoin and altcoins were flying high, ETH has only shown itself to be a bull in the last few days. In the current phase, the focus is on the consolidation boundaries, as well as the 2550 level. If the bulls keep the market above 2550, then the coin could strengthen to 2725, which would be a positive sign for us that buyers are interested in continued growth. If ETH continues its correction towards support at 2414, then we will need to monitor the market's reaction to this level. I remain skeptical about ETH due to its weak long-term performance despite a strong fundamental backdrop. Resistance levels: 2550, 2725 Support levels: 2414, 2260 Further movement will determine the price's exit from consolidation: a breakdown of support means a fall, a breakout of resistance means growth. But the current scenario is trading within the range. If ETH trades near 2725 and forms a pre-breakout consolidation, then we will have a chance for growth. The opposite scenario is if the price falls below 2550 and begins to test 2414. In this case, sticking to the support level and numerous retests will indicate that the bull market has exhausted its strength and we can expect a correction to 2260-2065. Best regards, R. Linda!
Long
by RLinda
4
EUR/USD – Bullish Wave 3 in Play | AO Convergence + Fib Target PPair: EUR/USD Timeframe: 15-Minute Date: May 15, 2025 🧠 Technical Breakdown: This analysis focuses on a clean impulsive Elliott Wave structure, Fibonacci projections, and Awesome Oscillator (AO) confirmation to support a bullish continuation. 🔍 Wave Count: Wave 1: Clear impulsive push upwards, breaking previous market structure. Wave 2: Completed corrective pullback into the key support zone, respecting the golden ratio levels. Wave 3: Initiated after a dominant break above the minor structure and trendline resistance, confirming bullish momentum. ⚙️ AO (Awesome Oscillator) Confirmation: Strong AO divergence between the Wave 1 and Wave 2 low confirms the bullish structure. Within the early stage of Wave 3, the AO shows a convergence pattern forming between subwaves 1, 2, and 3 — indicating strengthening bullish momentum. AO flipped green again after a minor pullback, signaling bullish continuation potential. 🎯 Fibonacci Extensions: TP1 Zone: 1.618 – 1.88 Fibonacci extension range → 1.1216 – 1.1226 (High probability for Wave 3 termination) TP2 Zone: 2.618 – 2.88 Fibonacci extension range → 1.1241 – 1.1258 (Extended target if bullish momentum accelerates) Further projections (Wave 5 estimate): 4.236 – 4.618 → 1.1276 – 1.1288 🧱 Key Structural Zone: 1.11813 is the most critical support-turned-resistance (SNR) level — price broke above this level, retested, and bounced. The green highlighted box marks the ideal buy zone, aligned with: Dominant break confirmation Fibonacci confluence Bullish AO setup ✅ Trade Plan: Entry: On retest or bounce from the green zone Stop Loss: Below 1.11800 or below Wave 2 low (to protect structure) Take Profit 1: 1.1216 – 1.1226 Take Profit 2: 1.1241 – 1.1258 Optional TP3 (extended): 1.1276 – 1.1288 (Wave 5 projection) 🧭 Summary: This setup combines Elliott Wave theory, Fibonacci projections, and AO convergence to provide a highly probable bullish continuation scenario. Ideal for breakout traders and structure-based wave analysts. 📌 “Confluence is key. Let structure, momentum, and fibs guide the trade.” #EURUSD #ElliottWave #Wave3 #AOIndicator #ForexAnalysis #Fibonacci #PriceAction #FXTrading #StructureBreak #TechnicalAnalysis
Long
by AwesomeOscDad
Staring Down A Market Crash - $400 Target for SPY"B" waves are phonies. They are sucker plays, bull traps, speculators' paradise, orgies of odd-lotter mentality or expressions of dumb institutional complacency (or both). They often involve a focus on a narrow list of stocks, are often "unconfirmed" by other averages, are rarely technically strong, and are virtually always doomed to complete retracement by wave C. If the analyst can easily say to himself, "There is something wrong with this market," chances are it's a "B" wave.” — The Elliott Wave Principle In my last major idea for SPY, I predicted a bear market rally would take the price to $580 by early May. Now that we have arrived at the target, I am writing again to call for a major market reversal — a crash that will take SPY down to $400–$450 in the coming weeks. There are several factors that I am basing my assumptions on, and I will break them down briefly. Before I do that, I would like to add to the quote above that I find B waves to be one of the most fascinating market phases. In larger degrees it is interesting to observe how sentiment changes over time and how price action can trick even seasoned traders into thinking the bear market has been vanquished, when in reality the worst lies ahead. In this instance, the collective euphoria is understandable; the trade war seems to be in retreat and inflation has remained tame. What is left to worry about? Who knows — but what I can say is that there are signs that there is still fear in the market and indices are currently at a level where they will be highly sensitive to any bad news. Here is how I’m counting Wave (B) on the 200R ($2) chart. The price retraced to nearly 0.618 of A (0.382 level on the fib extension) and entered Wave C. I will admit that the PA in Wave C was confusing at first. As I mentioned in my previous idea, I expected the price in Wave (B) to rise to around 75% of Wave (A) and would spike above the daily 50/100/200 MAs. However, the uptrend was choppy and slow — held back by low volume and multiple traps for both sides. Fortunately, the further a trend moves along, the more clear it becomes. I am now counting Wave C of (B) as an ending diagonal, which is common in C waves. In the diagonal, the price rose in five distinct waves once it entered the channel, with Wave (v) throwing over the top and being met with heavy resistance, which happens to be at the 1.618 extension of Wave A. While this is nearly a perfect diagonal per the rules, one issue I will point out is that Wave (iv) stopped just short of Wave (i) territory. Typically in a diagonal it should retrace into Wave (i); however, I’ll consider this to be close enough. If the price were to move higher, the next target would be the 2.00 extension of A ($612.70). This would be near the previous ATH, which would signal a flat correction. While this is not impossible, I am going to stick with my initial instinct that the price will reverse around this level when other market indicators are taken into consideration. More on that later. On the weekly chart, there is volume divergence and a major gap that was started this week at $570. Additionally, if Wave (B) were to end this week, it may end up with less volume than Wave (A). Since Wave (A) lasted for 8 weeks (a Fibonacci number), my box for Wave (C) is the next highest in the sequence — 13. This is just a guess, but if we were to see a similar pattern play out, AMEX:SPY should bottom out in late July or early August. The Weekly 200MA should be an important area of support, so be sure to keep an eye on that. Also, do not forget to check the Monthly chart. Here we can see that April has a very long downside wick. I would expect to see this get filled in. Lastly, on the daily chart, here is a recap of where we are in relation to my previous idea calling for $580 on SPY. As I predicted, the price popped above the 100MA and is finding resistance. The 100MA is ready to cross the 200MA, which can be thought of as a second death cross, if you will. I also have boxes here to show the unfilled gaps to the downside. With the trend being this exhausted, I would expect to see both get filled in soon. Bearing all of this in mind, some people may argue that the technicals do not matter in this environment. After all, some of the headwinds that caused the first crash have dissipated and recession fears seem to be waning. While I won’t argue against any of that, there are other signs that the market is not out of the woods yet. Looking beyond SPY, TVC:US10Y has been on the rise and is on track to make a higher high. I’m targeting 5% over the coming weeks. I have another idea that looks more closely into this so I won’t elaborate any further in this post; however, this is one sign that institutions are risk-averse when it comes to the US economy. The other component of this assessment is that the dollar appears to be heading lower. The chart above is inverted to more easily show what appears to be a classic impulse wave structure entering Wave 5, which could take TVC:DXY to the 1.618 extension of Wave 1 — around $96.68. If this were to play out, the dollar index would reach its lowest level since March 2022. This could spur a debt crisis where the Fed will have to make difficult decisions. If they start cutting rates to lower yields, it could also add further downside pressure to the dollar, which could make finding the right balance difficult. Keeping rates higher for longer and buying back Treasuries would be the preferred route, but Powell could face mounting political pressure to start making cuts if it seems the situation is getting out of hand, and could lead to more trouble down the road. This strain could be a possible fundamental backing for a stock market sell-off, so it is important to pay attention to. Lastly, the final signs that indicate to me that a reversal is coming soon is that this uptrend is losing breadth. This is evident when looking at indices that are not weighted so heavily by mega cap tech stocks, such as TVC:DJI and $RUT. It was striking to see AMEX:DIA and AMEX:IWM down Tuesday and Wednesday while AMEX:SPY and NASDAQ:QQQ inched higher. On AMEX:DIA , the 100MA is starting to cross the 200MA and volume is picking up. Once tech starts selling off, we will see the other major indexes tumble. I could keep going on and on, but you get the point. Here is TVC:VIX at a critical support level and starting to reverse higher. One last comment on B waves is that it is dangerous to follow the herd during times like these. Trust the technicals, and when something seems off — trust your instincts. We will never know what news is around the corner, but financial markets are so vast that we should assume that all factors known and unknown to the general public are being priced in real time. As the next phase of the downtrend gets going, it will be easier to predict the bottom with greater accuracy. For now, I’m keeping the range wide and will look for $400–$450. As always, thank you for reading and let me know what you think.
AMEX:SPYShort
by ap769
21
GOLD → One step away from a bullish trend reversalFX:XAUUSD is emerging from the local corrective channel “flag.” Pre-breakdown consolidation relative to the base of the reversal pattern continues. All eyes are on 3200... Gold is losing ground amid trade optimism and a strong dollar. The price is falling at the start of Wednesday as traders take profits after a rise from weekly lows. Weaker-than-expected US inflation has not justified expectations, but the Fed's refusal to cut rates soon is weighing on the metal. Optimism surrounding new trade agreements between the US and China, the UK, and other countries, as well as hopes for peace talks between Russia and Ukraine, are reducing demand for gold as a safe-haven asset. Technically, the overall situation looks bearish. There is no deep pullback from support, which means pressure from sellers in the market. Consolidation is forming before an attempt to break through the 3200 level. Resistance levels: 3243, 3257, 3269 Support levels: 3222, 3200 If the price continues to consolidate in the current local range and continues to attack support at 3222-3200, then in the short and medium term, we can expect the decline to continue. However, knowing the tricks of MM, the price may form a short squeeze relative to local resistance zones before falling further. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
35
NZDJPY → Countertrend correction and false breakoutFX:NZDJPY is testing resistance within a global downtrend. The currency pair is not yet ready to continue its growth and is forming a local reversal pattern. Within the global downtrend, the currency pair is forming a countertrend correction and testing resistance at 87.400. The liquidity pool formed above this level is not yet ready to let the price move further. Without the possibility of continuing growth, the price returns to the range and forms a false breakout of resistance. However, since we are in the range and the price has returned inside it, if the bears hold the line (the upper limit of the trading range) at 87.400, this could trigger a further decline, thereby continuing the global downtrend. Resistance levels: 87.400 Support levels: 86.5, 85.26 Consolidation of the price below 87.400 will confirm that the price is not yet ready to continue the trend. The falling dollar index is provoking a rise in the Japanese yen, which may also put pressure on the currency pair. Best regards, R. Linda!
Short
by RLinda
9
$WEN on $SOL. Possible bottomAppears NASDAQ:WEN may have double bottomed at the .786 retrace of the entire 1-5 wave count. Accumulating between .00015-.0002 This is an accumulate and HODL. Spot only. Small size, this type of token should only be purchased with funds you are absolutely willing to lose a large % of. This is key. It will make it it a lot easier to HODL no matter what. The goal is to hodl until it pumps, period. Will update upon pump small size, spot, patience 😉 goodluck
Long
by HunterMorris