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Elliotwaveanalysis

SP500: Buy A Dip Stocks are in recovery mode, with major indexes trading at all-time highs. This movement began after the US unemployment rate showed a slight decrease in jobs two weeks ago, suggesting that inflation could potentially weaken. This trend was further supported by this week's CPI data, which indicated a drop from 3.5% to 3.4%. Speculators believe that the Federal Reserve might be one step closer to potential rate cuts later this year, although I think this is still a distant possibility. However, the markets are definitely positioning for this move later this year. Examining US Treasury yields, we have seen a strong reversal on the 10-year note, indicating that the dollar could continue its downward pressure. When looking at the S&P 500, which typically trades inversely to the US dollar, we see a strong upward move. In fact, several breakaway gaps in the cash market suggest a very strong uptrend. From an Elliott wave perspective, you need five waves up before looking for a potential completion of the uptrend. If we examine the rise from April, we can clearly see that this is not yet a five-wave movement. In fact, the strong middle move up from 5,000 typically represents an impulse within an ongoing trend. I would argue that there is room for more upside, especially after the next retracement, which I believe could be wave four. Given the extended move in wave three, we should see some pullbacks as markets do not move in a straight line. The first potential and interesting support area could be between 5,250 and 5,270, which was the previous high and the recent gap that occurred after the latest CPI figures. This certainly appears to be a key area for the next dip. If you want to play the long side, you will likely want to see the pullback first. The invalidation level of the whole recovery would be around 5,124. If we believe we are in an impulsive sequence and expect more upside, then wave four must not intrude into the territory of wave one or wave two. If this happens, it means that the trend is most likely changing to bearish or maybe just moving sideways. Grega
CBOE:SPX
by ew-forecast
PlanB is wrong - Elliot waves count provesAccording to my waves count PlanB is wrong. The top of previous bull market was in November of 2021. The vertical blue line on the chart is start of the intermediary grade of bull market. This is proven by wave equality rule - the May 2021 decline was a 4th wave, and the June 2019 decline was a second wave of intermediate degree. This proof is also verified by the Elliot rule - the third wave cannot be the shortest. In fact, the third wave of previous bull market was an Extension of intermediate grade (in terms of Elliot waves principle). Thus, the entire 2023 action was just a stretched B wave of a Bear market. You can see the labeling on the chart by yourself. Good luck in your trading and have a massive profit!
BITSTAMP:BTCUSD
by dogecoin_chain
The Painful Years of Doomscrolling Are Coming to an End: UpdateMade a throw in the 5th wave. Most likely a reversal. Virgin Galactic's Arguments: Virgin Galactic claims that Boeing performed substandard work and did not provide all the required data. The company also asserts that it has rights to use the transferred trade secrets according to the contract. If Virgin Galactic can convincingly prove that Boeing indeed performed inadequately and that the transferred information rightfully belongs to Virgin Galactic or is used legally, the court may rule in their favor. Chances of Success: Quality of Evidence: Strong documentary evidence of Boeing's poor performance and confirmation of intellectual property rights. Legal Strategy: Skillful legal defense and counterarguments that can persuade the judge of Virgin Galactic's position. History of Lawsuits: If Boeing has a history of losing similar cases, this could strengthen Virgin Galactic's position. Impact of Recent Events: The results of the CST-100 Starliner's mission to the ISS, which began on June 5 and was supposed to last eight days until June 13, 2024, will also significantly influence the outcome of the legal case. Forecast: Predicting the exact chances is difficult without a detailed analysis of all the case materials. However, if Virgin Galactic's evidence and arguments are convincing, the company has a real chance of success. Updates: Starliner's Extended Stay: NASA reported that the Starliner's stay at the ISS has been extended and it will not leave the station before June 22. This extension may impact the ongoing legal proceedings between the companies. Potential Boeing Scandal: American astronauts are stranded on the ISS due to a malfunction of the Boeing Starliner spacecraft. During the flight, four engines failed simultaneously, and before the departure to Earth, the astronauts discovered a significant helium leak, which is essential for the fuel system's operation. NASA is currently exploring the possibility of a rescue operation; however, the astronauts have limited time: the spacecraft can remain docked to the station for only 45 days. These issues with the spacecraft could negatively impact Boeing's position in the legal case and improve Virgin Galactic's chances of success.
NYSE:SPCELong
by Logica_Levels
3
ROSE Weekly Re-Accumulation / Macro EW ProjectionsROSE has a perfect looking daily re-accumulation going on here. I have a macro Wave 5 target all the way up at $0.53 and beyond. Ideal entries & targets are highlighted in yellow, however I already took an entry lower. We may not see those levels for entry again. This coin is currently trending on Twitter, and stayed strong during the big market dip. Once the market starts bouncing back, this will bounce back twice as hard. Ideal Entries $0.1106, $0.10500, $0.08745 Long Term Wave 5 Targets $0.24293, $0.27873, $0.356, $0.53344 (and beyond)
Long
by DigiLex_LLC
More Upside For Kiwi After A Pause New Zealand dollar (NZD) is declining against the US dollar (USD) since the end of last week when the US dollar surged following strong and unexpected jobs data, despite the US unemployment rate rising to 4%. Analyzing the updated wave structure, we observe that the price is trading outside of the upward channel, indicating that a correction is taking place. This is totaly normaly and expected as we can count a completed five-wave rise from April lows to June highs. Ideally, this current move is a temporary pause, forming a three-wave correction (ABC). Therefore, we expect a new upward resumption after this setback. The support levels to watch are the 50% retracement at 0.6035 and the 61.8% retracement at 0.6000, which also aligns with psychological and technical support levels from April's swing highs and May's swing lows.
Long
by ew-forecast
Hellena | EUR/USD (4H): Long to 61.8% Fibo lvl 1.09710.Dear Colleagues, I believe that wave “2” has been completed, which means that price is now forming wave “3”. I expect the price to make a correction in the small wave “2” in the area of 1.08181, then I expect an update of the high. I expect the price to reach at least the area of Fibonacci 61.8% extension level (1.09710). Then we will see what will happen next. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
14
The limits of silicon have been reachedNASDAQ:AMD The limits of silicon have been reached, and computing machines have hit their maximum potential for many decades. There have been no real achievements since 1984; that was the year when the ceiling was reached. The supposed development has ended. Ray tracing and all sorts of AI crap based on thrice-recycled garbage are no longer suitable for consumption. Advancements in computing technology have stalled, and innovation seems to have plateaued. Despite the hype around new technologies like AI and ray tracing, these developments rely on rehashed concepts and fail to deliver groundbreaking results. The industry needs a fundamental shift to overcome these limitations and achieve true progress.
NASDAQ:AMDShort
by Logica_Levels
6
DWS GROUP (DWS): Upswing in Germany's Financial SectorDWS GROUP (DWS): XETR:DWS Analyzing the relatively young German stock, DWS Group, listed on the Xetra exchange in Germany, we find ourselves in an overarching Wave (3). We start this count at the Corona low of €16.75. Wave (2) concluded at €23.21, and our old high is at €41.88, which also represents the level of Wave (1). Naturally, for Wave (3), we aim to surpass this level. Subordinately, we are also in a Wave 3, and at an even lower level, again in a Wave ((iii)). We're looking to identify our entry point at the conclusion of Wave ((iv)). We anticipate some upside for the encapsulated Wave ((iii)), expecting the level between 227% and 261%, roughly at the all-time high, before we turn and complete our Wave ((iv)), and then fully develop the subordinate Wave 3.
XETR:DWSLong
by freeguy_by_wmc
Bitcoin PATTERN - BTC Roadmap to NEW ATHBINANCE:BTCUSDT 👉 Trendline Analysis: BTC has been consolidating directly underneath the resistance zone - BULLISH 👉 Candlestick Analysis: Three white soldiers in the 2W timeframe - BULLISH 👉 Technical Indicator Analysis : Price has cooled down after being "Extremely Overbought", moving averages holds - BULLISH Technical Indicator Monthly Timeframe: Technical Indicator Weekly Timeframe: There is really only one concerning matter, and that is from a potential near term scenario: ❗ Pattern Analysis: Potential for M-Pattern to form, medium risk: BEARISH The candle closes of the next two weeks are crucial in determining how this pattern will play out. For further reading, here's the initial Elliot Wave analysis on BTC: ___________________________
Long
by CryptoCheck-
1
Bitcoin Chart Analysis Bitcoin is currently $71,200, and is encountering resistance between $71,180 and $74,000. I used the Fib Time Zone tool, in combination with Elliot Waves to further clarify the beginning and the end of a bullish or a bearish trend. Coincidently, the time it took for the last two wave to play out was exactly the same (17 days). Bitcoin is in an uptrend at the moment, and as shown on my chart, recently broke above a downwards sloping trendline (Red) -retested it and confirmed as support. The MACD indicator turned bullish after the retest of the trend-line. I believe that bitcoins price will continue to rise, as it completes the 5th Elliot impulsive wave. If the price can break above $74,200, I predict a new high between $84,250 and $91,750. If Bitcoin is rejected at $74,200, a retest of $65,000 would be likely.
COINBASE:BTCUSDLong
by NicoDaCheeko
1
Bullish falling wedge pattern with Gold #XAUUSD Timeframe 2H Gold dropped from 2450 to 2310, now she is trying to build a bullish falling wedge pattern to reversal ( end of iv ) Elliot Wave has many scenarios but this zone has high R/R for this case, it is invalid if Gold has the new low ( < 2314) if I am correct gold must break the green line and the Close price must stand above the yellow line. TP1 2398 TP2 2421 TP3 open Worst case if stop out ( tight stop loss) Gold will drop below 2280 to 2228 I will share more in X.
PEPPERSTONE:XAUUSDLong
by theoris
Nothing !!Hello. BITSTAMP:BTCUSD The situation you see seems that Bitcoin has completed its fourth downward wave and now it is time to break the ascending triangle and complete its 5th wave. Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard