Elliotwaveanalysis
Elliott Wave Forecast: EUR/USD Prepares for Next Bullish Leg!This EUR/USD 4H chart presents an Elliott Wave analysis, showing the market’s movement within a five-wave structure. The price has completed Wave 3 and is currently in a corrective Wave 4, finding support around Fibonacci retracement levels of 38.2%
• Wave 3: A sharp rally forming an extended third wave.
• Wave 4: An ABC correction is currently in progress and is expected to be completed around levels of 1.07456
If the market respects the proper Fibonacci levels, the target for wave 5 could be 1.09504 .
EUR/JPY – Bearish Setup with Elliott Wave AnalysisThis EUR/JPY daily chart shows an Elliott Wave analysis, suggesting a possible bearish continuation. The current wave structure indicates the pair is moving through the final phase of a five-wave impulsive sequence.
The market has completed three waves of a larger impulsive cycle, with Wave (4)
The price movement between Wave (2) and Wave (4) shows a pause or slowdown after going up. This means the buyers are losing strength, and the price may soon start to fall
If the price gets rejected near 162.900 , it could confirm further downside.
If it breaks below the 159.674 level, it may speed up the decline, with a possible target around 155.526 level.
GOOGL: Bullish Bounce Before a Bigger Drop? Here's My RoadmapGoogle NASDAQ:GOOG NASDAQ:GOOGL is shaping up to look bullish in the short term, and I believe that in the next few weeks to months, we could see a solid upside move - before things could turn ugly again later on. Let me explain why.
Big picture: we’re currently in a Wave (2) corrective structure, which is playing out as a complex WXY correction (marked in orange). This type of correction follows a 3-3-3 wave pattern, and everything we’ve seen so far fits that structure. Since the top in February, NASDAQ:GOOGL has dropped around 24% , which is significant - but also not unexpected within this context.
What’s interesting now is that we’ve just printed a bullish divergence on the RSI for the first time in this move down. That’s the first green flag. The second? The lower wick, which I currently mark as sub-wave ((a)) has been very well respected so far. That’s the second sign that this could be the turning point - at least temporarily.
I’m expecting a move up in the coming weeks toward the 2024 VAH, around $178, where we could see a first rejection. From there, the price should continue higher in a 3-wave structure toward Wave ((b)), likely reaching between $187.80 and $196.30 (the 61.8% to 78.6% retracement zone).
But let’s be clear: this is not the start of a new bullish trend. After Wave ((b)), I expect a 5-wave move to the downside, completing Wave ((c)) - and that means lower prices ahead , potentially in Q3, Q4 2025 or even into 2026.
Until then, I’m keeping a close eye on this structure. As long as the current Wave ((a)) low holds, this short-term bullish scenario remains valid. If we get a strong breakout in the coming days / weeks, I’ll be looking to enter on a retest, targeting that $187.80–$196.28 zone.
Let’s see if the market plays it my way.
Make sure to follow me for future updates on this scenario and other setups !
GBP/USD is heating up! A major shift is coming—are you ready?"Analysis:
The correlation between DXY & GBP/USD is playing out perfectly! As the Dollar Index (DXY) approaches key resistance in the 112-113 zone, GBP/USD is reacting inversely, showing signs of a potential drop toward 1.14.
Elliott Wave patterns confirm a high-probability reversal setup, aligning with macroeconomic factors and liquidity zones. If DXY gains strength, expect a bearish breakdown on GBP/USD.
📈 Key Levels to Watch:
GBP/USD Resistance: 1.32-1.34
GBP/USD Support: 1.14
DXY Resistance: 112-113
DXY Support: 102.5
💡 Will GBP/USD hold or break down? Drop your predictions below! 👇
AUDNZD will soon finish bullish cycle and usher in a sell-off? AUDNZD has been on a 2-year rally for 2 years. However, it appears price is correcting the sell-off in the last quarter of 2022 before the eventual resurgence.
Structurally, a zigzag structure is emerging with (A) and (B) finished as impulse and double zigzag structures respectively. Meanwhile, wave (C) is on the verge of completing an ending diagonal structure. Price is currently in the 5th leg of wave (C) and may continue to 1.12 which is roughly 100% of (A) from (B). So I believe, the sellers may have a chance between 1.12-1.135 in 2025.
Caveats
1. The 4th wave of the proposed ending diagonal could extend lower but should finish above 1.081 to keep the diagonal valid. Thus, buyers can buy lower again toward the zone mentioned above.
2. The (A)-(B)-(C) of ((B)) doesn't correspond in time magnitude with the sharp wave ((A)) impulse decline. Thus, the current rally alternatively could be a leading diagonal. If so, a pullback should happen as expected but shallower (should end above ((A)). Similar path but different counts.
Asian Paints Weekly Elliott Wave Analysis – March 17, 2025The price action of Asian Paints (NSE: ASIANPAINT) has been following a clear Elliott Wave structure.
The stock completed a primary wave (3) at the peak, with a truncated 5th wave, indicating weakness in the final leg of the impulse.
It is currently undergoing a wave (4) correction, following a W-X-Y pattern, with the price moving lower towards the 1.618 Fibonacci extension target at ₹1,931.
The invalidity level is set at ₹1,297, below which the larger wave structure would need reconsideration.
Indicators like RSI and MACD are reflecting oversold conditions, suggesting a potential bounce or consolidation before further downside.
A confirmation of wave (4) completion would signal the start of wave (5) towards new highs.
📉 Key Levels to Watch:
Support: ₹1,931 (1.618 Fib Extension)
Resistance: ₹2,492 (Wave Y previous support)
Invalidation Level: ₹1,297
This wave count suggests that Asian Paints is nearing the end of its correction phase. A reversal from the target zone could set the stage for the next bullish impulse.
📢 Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational and study purposes only. Any profits or losses from trading based on this analysis are entirely your own responsibility. Do your own research before making any trading decisions.
S (The Ex FTM) Has Formed a Bull Pattern and in Wave 3In short time frame the S, AKA "Ex FTM" has formed a Cup&Handle pattern. The breakout has already copleted. If it can stay above the invalidation level, S can reach the level 0.62 easily.
For a better perspective for long term, S also completed it's Bearish A-B-C waves and seems bullish again.
Good Luck.
#GOLD possible bearish moveAs can be seen in the chart we are probably dealing with a wave (c).
Which could turn out to become a Zigzag bearish corrective pattern, which suggest lower economical and geopolitical risk in the next few days. Or it could become a triangle pattern which makes even shallower correction with more difficult technical situation as well as higher risk in the market.
Either way, since the previous correction was deep and reached almost 78% of its previous bullish impulsive move, this new bearish corrective move (base on alternation guideline) cannot be deep and can end at around 38%.
Best of luck.
ETH(based on NEo wave)This supercycle is a nice nature triangle which E wave is ending and its look like a diamon diametrical.
so I will update it for the confirmation, I think ALTseason is so close and we can see that happening soon but this season take about 400 to 450 days and after that there is a huge CRASH!
USD/CAD: Textbook Waves—ABC Correction Next?Discover the Power of Elliott Waves with This USD/CAD Setup!
Hey traders! If you’re looking for a clean, textbook Elliott Wave example to sharpen your analysis skills, you’re in the right place. Let’s break it down together—and who knows, this could be the edge your trading needs!
Elliott Wave Breakdown
Wave 1: Kicked things off with a strong move higher, marking the start of the current trend.
Wave 2 (Flat): A sideways, flat correction—think of it like the market catching its breath. It moved in three waves (A-B-C), holding up price and hinting at the strength to come.
Wave 3: The rocket ship! Wave 3 is typically the powerhouse, and USD/CAD delivered. Traders who caught this move likely enjoyed a nice ride.
Wave 4 (Zigzag): True to Elliott Wave theory, we saw alternation. After the flat Wave 2, Wave 4 gave us a sharp A-B-C zigzag down. Quick, clean, and offering a second chance for those who missed Wave 3.
Wave 5: The final push completed the 5-wave impulse, potentially wrapping up the current trend.
What’s Next? An ABC Correction!
This is where it gets exciting. After completing a 5-wave pattern, markets often retrace in an A-B-C correction. This could be your chance to plan the next move. Will it pull back to the 38.2%, 50%, or even 61.8% retracement? Smart traders are already watching these levels!
Why This Matters for You
Understanding wave structures like this can give you a huge advantage. It’s not about predicting the future—it’s about stacking probabilities in your favor. And when a textbook pattern like this shows up, it’s an opportunity worth watching.
Actionable Tips for Traders
Be ready for the ABC correction—this could be your ideal entry for the next impulse move.
Use tools like RSI, MACD, or trendline breaks for extra confirmation.
Manage risk wisely. No setup is guaranteed, but the odds are on your side when you follow the waves!
Stick around for more insights like this. If you find this breakdown helpful, give it a thumbs up and follow me for more real-time analyses and trading tips!
Good luck and happy trading!
SOL: Is the Bull Market Over? Solana Elliott Wave AnalysisSOL: The price is deep in the blue standard fibonacci extension support zone, which is located between $132.13 and $102.97. This zone is calculated based on the length of yellow wave A, and it provides standard support levels to watch for yellow wave C. Can I promise that it will hold? No, but if f this is indeed a C-wave to the downside then the bulls should show up in this region. From here I am watching two possible pathways: the yellow scenario allows for one more high with a target of around $360 to complete a larger 5-wave pattern, which started in 2022. However, in the white scenario, a 5-wave move to the upside can already be considered complete. We will therefore have to pay close attention to the structure of the next move to the upside and how the price reacts to the $181 - $263 fibonacci zone. This will help us distinguish between the two scenarios. However, even in case the white scenario plays out, a B-wave should take the price to the resistance zone. That being said, no local low is confirmed yet.