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Elliotwaveanalysis

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!
Long
by TheSignalService
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.
BINANCE:SOLUSD
by MCOGlobal
Bitcoin Forecast by NEoWaveIn the previous analysis, I said that we seem to be in wave-(e) of D. We considered wave-D as a diametric, which seems to have ended with the drop in Bitcoin price and we should consider the diametric to be over and change the labeling a little. Currently, considering what happened, we have two scenarios: Scenario 1 In this scenario, if the Bitcoin price is maintained above $70,000, there is a possibility of a double combination pattern, the second pattern will probably be a Diametric or Neutral Triangle or a Reverse Contracting Triangle, and wave-D (higher degree wave) will continue. In this case, the price could touch $150,000. Scenario 2 In this scenario, if the price goes below the key level of $70,000, we should consider wave-D to be over and the price could decline to the range of $49,000-43.00 and wave-E will be completed.
BINANCE:BTCUSD
by NEoWave-Academy
Bitcoin - The Path to a Quarter of a Million Bitcoin - What Happened After the End of the Bear Market 15,460 USD—this value marked the ultimate low of the bear market in hindsight. My previous forecast for a bottom formation was exceeded by approximately 15%. This was not due to a lack of expertise but rather because I rarely publish ideas. Looking back, the levels around 18,000 USD were an excellent opportunity for long-term entry and position accumulation. Since then, Bitcoin has surged by an impressive 350% (as of today). Market Development After the Bear Market Today, I will not delve into Bitcoin’s fundamental situation. First, because it has reached a level of complexity that is difficult to fully grasp, and second, because fundamentals are almost irrelevant to my technical analysis and forecasts. The current price action suggests that we are nearing the completion of Wave 1, which serves as the launchpad for the larger Wave 3. It is important to note that the previous all-time high of 109,358.01 USD may be surpassed if the 161.8% Fibonacci retracement level is slightly above it. This means that, despite an initial sell-off, Bitcoin could still reach a maximum of 115,438.15 USD before a major correction begins. However, if the previous all-time high already marked the end of Wave 1, then the price should retrace towards the 78.6% or even the 88.7% Fibonacci levels. Yes, this results in a broad range, but the goal is not to place a short trade—only to time a long trade effectively. One thing is crystal clear: The next correction is imminent—or has already begun. Outlook: Where Is the Next Profitable Long-Term Entry? The art of investing lies in playing the long game and timing the market for optimal long positions. While dollar-cost averaging (DCA) is a solid strategy, it is particularly beneficial to invest larger tranches with careful planning. Since my strategy is to hold Bitcoin for decades, I am looking for the next major buying opportunity. Based on current market trends, I see two overlapping target zones for the upcoming correction: 🔹 Potential correction range: 35,774.30 - 58,928.75 USD 🔹 Key Fibonacci retracement level (61.8%) of Wave 1: 51,502.15 USD I expect Bitcoin to correct at least to 51,502.15 USD. However, based on previous corrections and price structures, a deeper retracement is highly likely. 💡 My personal target zone for accumulating larger positions: 👉 35,774.30 - 51,502.15 USD 🚨 Bitcoin must not drop below 34,944.64 USD. After the Correction: The Next Major Bullish Wave Once the correction (Wave 2) finds its bottom between 34,944.64 - 51,502.15 USD, the market will be set for the explosive third wave of the larger Wave 3. 📈 Minimum price target for Wave 3: 160,000+ USD 📈 Further upside potential: Beyond 250,000 USD Key Takeaway: Investing in Bitcoin is an investment in your future. 👉 Think long-term and minimize your risk. Summary 1. Bear Market Recap ✅ Bear market bottom: 15,460 USD ✅ Forecast missed by ~15% ✅ 18,000 USD was a great long-term entry ✅ +350% price increase since then 2. Current Market Situation & Forecast ✅ Bitcoin is near the completion of Wave 1 ✅ Possible breakout beyond all-time high (109,358.01 USD) to 115,438.15 USD ✅ A major correction is imminent—or has already begun 3. Ideal Long-Term Entry Points ✅ Target accumulation zone: 35,774.30 - 51,502.15 USD ✅ Expected correction at least to: 51,502.15 USD ✅ Absolute lower limit: 34,944.64 USD (must not be breached) 4. Long-Term Outlook ✅ Wave 3 to start after correction (Wave 2) ✅ Minimum target: 160,000 USD ✅ Potential long-term target: 250,000+ USD ✅ Investment strategy: Hold long-term & minimize risk
COINBASE:BTCUSDLong
by PsychoAlien
SOL/USDT Elliott Wave AnalysisSolana is currently in a corrective phase following a significant decline from its recent highs. The chart reflects a complex Elliott Wave structure, with an ongoing ABC correction. The primary expectation is for further downside, with the final Wave C targeting the $75–$85 demand zone (highlighted in purple). Primary Scenario (Bearish Outlook) Wave A has completed, followed by a corrective Wave B, which saw a temporary rally. Wave C is unfolding, with sub-waves indicating a further decline. The structure suggests Wave v of C is yet to complete, with potential targets in the $75–$85 range. A corrective bounce within Wave iv is expected before the final drop. Alternative Scenario (Bullish Reversal) If Wave C fails to break below $125, this could indicate a truncation. A strong impulse breaking above $165–$175 could invalidate further downside and shift momentum towards a bullish recovery. In this case, Solana could begin a new impulsive structure targeting $200+ in the coming weeks. Key Levels to Watch: Support: $125 (current low), $85–$75 (major demand zone) Resistance: $165–$175 (invalidates bearish outlook) Overall, the bias remains bearish unless we see strong momentum above $165. Until then, lower targets remain in focus.
Short
by DipWaves
SOL/USDT – Double Zigzag Completed! Is a Bullish Reversal Next?Solana (SOL) has likely completed a Double Zigzag (WXY) correction, with Wave C of Y bottoming at $130.60 (1.0 Fibonacci extension). This suggests a potential trend reversal, but SOL must first break key resistance at $146-$150 to confirm a bullish move. 🔹 Elliott Wave Analysis & Bullish Scenario If the Double Zigzag correction is complete, SOL could begin a new impulse wave, targeting: ✅ $169-$173 (0.5 Fibonacci retracement, previous Wave B resistance) ✅ $180-$195 (0.382 Fib & major supply zone) ✅ $220+ (Wave 3 extension target) 🔻 Bearish Scenario – Extended Correction? If SOL fails to break $150, it could indicate that the correction is not yet over, leading to: ❌ Retesting $130 support ❌ Possible extended correction towards $113-$100 (1.272 Fib extension) 📌 Key Level to Watch: 🔹 A break & close above $150 signals bullish continuation. 🔹 A rejection could mean further downside. 📊 Is SOL ready for a breakout, or will we see another leg down? Share your thoughts below! 👇🔥
Long
by DipWaves
3
BTC, last Chance in this bull market?Hello everyone, the market was very challenging within the last weeks, because there had been many ways to count, which is the most difficult part of elliot wave analysis. The reason was, that the price was in a correction/ consolidation, which I assume has now finally ended. Trump accounced that they picket 5 coins for the strategic reserve: BTC ETH XRP SOL ADA This aligns very well to what people have waited for. If you believe in a finall bull run, these 5 could be part of your portfolio. I would also recommend to have a look at LINK and LTC, as they are performing quiet well.
COINBASE:BTCUSDLong
by Kyrean
EUR/USD: Is History Repeating? Key Levels to Watch NowHey Realistic Traders, Will FX:EURUSD Repeat its Bearish Cycle? Let’s dive into the analysis... On the H4 chart, EUR/USD is trading below the 200-day EMA once again, signaling that the bearish trend is still in play. This downward movement has been reinforced by a rising wedge breakout, a common pattern that often leads to further declines. Just a few days ago, we spotted a similar bearish breakout in FX:EURUSD , which resulted in a continued drop. As traders, we follow the Dow Theory principle: "History Repeats Itself ." Based on this idea, we expect the price to follow the same pattern, keeping the bearish momentum intact. Looking ahead, EUR/USD could move lower toward the first target at 1.02861 and, if selling pressure continues, potentially reach the second target at 1.02205. These targets are based on previous price movements and key historical support levels. However, this bearish scenario depends on the price staying below the critical stop-loss level at Stop Loss 1.05039 Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. Disclaimer: “Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on FX:EURUSD ”.
Short
by financialfreedomgoals101
BBRI BUY NOW 3350! Support level at 3050-3150BBRI is now probably trade in the end of its deep correction, as on the technical view, by the Elliot Waves count, it is now completing the WAVE 5 of C (it confirmed by the Bullish Divergence on MACD). The price could be be a little lower on the next 1-5 trading days to the 3050-3150, which is the 78.6% fibonacci retracement from broken uptrend. It is really strong support and i believe i would not be broken. For about 6-12 months ahead, aim for minimum target of 30% return from this level. Are you going with me??? CHEEERRRSSS...
IDX:BBRILong
by steveivan
Mastering Elliott wave theory: Understanding market cyclesElliott Wave Theory is a powerful tool for predicting market movements by analyzing repetitive price patterns driven by investor psychology. The theory divides market trends into five impulsive waves (1-5) and three corrective waves (A-B-C). Let's break it down: 🔹 Impulse Waves (1-5) Wave 1: The start of the trend, usually fueled by early investors. Wave 2: A corrective pullback as traders take profit. Wave 3: The strongest wave, fueled by momentum and broad market participation. Wave 4: Another pullback, but shallower than Wave 2. Wave 5: The final move up, often driven by FOMO before a correction begins. 🔻 Corrective Waves (A-B-C) Wave A: The first decline as early traders exit positions. Wave B: A short-lived recovery as some traders think the trend will continue. Wave C: The final bearish wave, often deeper than Wave A, marking the end of the correction. Three Key Principles of Elliott Wave Theory ✔️ Wave 3 is never the shortest impulse wave. ✔️ Wave 2 never retraces past the start of Wave 1. ✔️ Wave 4 never overlaps with Wave 1. How to Use It? Traders use Elliott Waves to identify entry and exit points, confirming trends with indicators like Fibonacci retracements and RSI.
CME_MINI:NQ1!
by SmartSignalss
Bitcoin Update: Critical Support & Elliott Wave Levels To WatchBitcoin here is the thing... 1. For now drop is not impulsive, so can be correction 2. 4th wave pullbacks will ideally stabilize near 50/38.2%. Just testing the important zone 77k-85k 3. Old high and unfilled gap are crucial to cause a bounce, otherwise the major high is in 4. You don't want to see this fourth wave breaking the lowest base channel line, otherwise top is in. 5. Bullish resumption for wave 5 when/if 93700 overlaps 6. This market wont go up unless risk-on is back GH
CME:BTC1!
by ew-forecast
2
SOL/USDT – Double Zigzag Completed! Is a Bullish Reversal Next?Solana (SOL) has likely completed a Double Zigzag (WXY) correction, with Wave C of Y bottoming at $130.60 (1.0 Fibonacci extension). This suggests a potential trend reversal, but SOL must first break key resistance at $146-$150 to confirm a bullish move. 🔹 Elliott Wave Analysis & Bullish Scenario If the Double Zigzag correction is complete, SOL could begin a new impulse wave, targeting: ✅ $169-$173 (0.5 Fibonacci retracement, previous Wave B resistance) ✅ $180-$195 (0.382 Fib & major supply zone) ✅ $220+ (Wave 3 extension target) 🔻 Bearish Scenario – Extended Correction? If SOL fails to break $150, it could indicate that the correction is not yet over, leading to: ❌ Retesting $130 support ❌ Possible extended correction towards $113-$100 (1.272 Fib extension) 📌 Key Level to Watch: 🔹 A break & close above $150 signals bullish continuation. 🔹 A rejection could mean further downside. 📊 Is SOL ready for a breakout, or will we see another leg down? Share your thoughts below! 👇🔥
Long
by DipWaves
3
Elliott Waves SHows That Gold Is Turning South For Corrective ReGold started the year bullish with a strong extended leg to the upside close to 3k, but the move looks impulsive and may have found a temporary top near 2950. The reversal this week is coming from an ending diagonal, with the price now attempting to break the lower trendline support of the bullish channel. This suggests gold could be entering a corrective wave 4, likely unfolding in three waves. For those looking to join the trend, it’s better to wait for a deeper correction and a retest of lower support in this wave  four pullback. Supports are at 2864 and 2789 At the same time, keep an eye on USD/CNH—if it pushes higher now for wave four, to retest its 2022 highs, gold could remain sideways for a while. In such case the new opportunities to rejoin the gold uptrend may come after USD/CNH completes its recovery from the 2024 lows, possibly around 7.40. GH
by ew-forecast
TSLA - Prepare to buy $282 - $264 Tesla has been in a 3 month pull back and the price is almost right to pull the trigger on a re entry. She is however ahead of schedule by a solid 2 full months in time. This usually resolves itself in price. Meaning a break down to lower support levels. So if the regression to the mean price level is at $282, we could see slippage down to $264 quite easily and it is almost expected. $250, is easily reachable as well. If we break down below $250, I would take a knee on this one, and wait passed the June 11 date to re-enter. Murrey Math, Elliot Wave, and Kumar wave being used for the forecast. Posts and Dm's always welcome. Good Luck!
NASDAQ:TSLALong
by Urbanmove