Get started

Elliotwaveanalysis

Nvidia headed towards completion areaHaving entered the area of a wave (iv), and now exited the box to the upside to challenge the recent ATH, I have to consider the possibility we're headed towards the wave (v) target area to complete this primary wave 3. However, to be clear, below the ATH of $1158.19, we're still in wave (iv). This is visible in the below 1 hour chart. Nvidia will be embarking on a primary circle wave 4, that could last years. This will not be an event over in a matter of months. Best to all, Chris
NASDAQ:NVDA
by maikisch
Wave 4 of Bitcoin: Structure of a FlatHello dear friends, I hope you are doing well. It took a long time to identify the structure of this prolonged sideways movement. I watched many videos and referred to my notes, and this has been very helpful. The current wave structure in which Bitcoin is moving sideways is a flat pattern. This structure typically occurs in Wave 4 of Elliott Waves. What is a Flat? A flat is a corrective wave pattern in Elliott Wave theory that consists of three phases labeled as ABC: ------------ - Wave A consists of 3 waves. ------------ - Wave B consists of 3 waves. ------------ - Wave C consists of 5 waves. ------------ In general, the movement pattern of this structure is 3-3-5. ------------ After the pattern is complete, a breakout to the upside usually occurs (since Bitcoin was in an uptrend before this). Sometimes this pattern can combine in a double or triple formation, which we will review below: Double Flats: Double flats can be divided into three categories: 1. Flat + Flat 2. Flat + Zigzag 3. Flat + Triangle -------------- To connect them, an X wave is needed, which also has a 3-wave structure. -------------- Conclusion: If the top of this flat is broken, Wave 5 movement will begin. If the top is not broken and the correction continues, it means this upward movement was Wave X, and we should expect a larger flat, zigzag, or triangle pattern. Once the structure is identified, the chart will be updated.
Long
by Sadegh_Sh
7
Hellena | EUR/USD (4H): Long to resistance area 1.08877.Dear Colleagues, I have redrawn the waves and I believe that the upward movement will still take place, but later than I expected earlier. I believe that the price is completing the corrective wave “2”. I assume that the price may push from the area of 50% Fibonacci Level 1.07481. Then I expect an upward movement to the nearest high of 1.08877, which is an area of strong resistance. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
31
BTCUSD simple analysis: bearish to bullishChart reached 70.25k and went bearish, staying in a state of sideways. This sideways form a triangle which broke below. Watching USD strength, there's a great chance that bitcoin will get even weaker making a bearish trend, but for safety, I don't recommend on selling. D1 timeframe shows that tuesday haves high chance to finish bullish, so if bearish happens, it may only be a bearish shadow and candle may transform to bullish at the end of the day. Hope to recieve boost! This follows up my D1 plan, fifth wave of Elliot Wave. Trade wise 👍.
COINBASE:BTCUSDLong
by Ftradorex
Spy continues to near its target of 570 before U.S. electionsWith the dollar trending down and the VIX at low levels, we can then continue to expect the U.S. stock market to continue to rise. And, in fact, that is what we are witnessing as we close in on the blow-off top target of the Elliot Wave theory that has resonated with my instincts for these last 2 and a half years. We are currently in wave 5 and on our way to the target I have set of SPY 570-600. There is still time and I believe we will easily get there before U.S. election shenanigans begin to unfold (see my post on the VIX). Once you start to catch wind of anomalous election news events here in the U.S., know that we are near our top. For me, it will be time to pull out.
AMEX:SPYLong
by stewdamus
Notcoin(NOT) needs Correction ===>>-30%Notcoin(NOT) is up more than +30% , as I expected in yesterday's post . According to the theory of Elliot waves , it seems that the main wave 5 has ended, and the confirmation sign of the end of wave 5 can be the breaking of the Uptrend line . I expect Notcoin(NOT) to correct at least -30% and fall into the support zone . Note: An important point you should always remember is capital management and lack of greed. Notcoin(NOT) Analyze (NOTUSDT), 1-hour time frame ⏰. 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.
Short
by pejman_zwin
39
SOL, Break of the Previous Ceiling or Start of Wave C?Hello dear friends, I hope you are all well. Important note: First, read the previous analysis I shared on Solana, then proceed to this analysis. For several reasons, I see Solana as bearish: 1. Thankfully, the previous wave count analysis was correct (meaning it completed the 5 main Elliott waves and then entered the corrective phase). One thing I realized today is this: In the previous analysis, I did the wave count in the weekly time frame, but I shared the roadmap and type of decline in the 4-hour time frame. When I look at the chart in the weekly time frame, this deep correction is only wave A, and we are now in the structure of wave B. -------------- The higher wave B goes, the less the decline of wave C will be. For example, if the end of wave B is around $183, the decline of wave C will be between $89 and $63. -------------- In the Solana dominance chart (SOL.D), the period from June 7 to June 17 is the most important time area. It is likely that during this period, Solana's dominance will undergo a change. Structurally, I see nothing but a repetitive Elliott cycle. -------------- In the RSI indicator (SOL.D), the main weekly trend has broken, and we are heading towards a pullback decline. If there is any change in the chart structure, the analysis will be updated. If I identify a precise bearish pattern or timing, I will update the analysis. Thank you for taking the time to read. I hope you have profitable trades.
Short
by Sadegh_Sh
12
Impulsive Wave Rally: AUD/USD Targets 0.70750.Hello traders, Here is my analyis of AUDUSD pair. After AUD/USD completed an upward impulsive wave labeled as wave (1) in the chart, the pair is expected to form a minor correction in wave (2) before continuing the impulsive upward wave (3), consisting of five subwaves. Based on our analysis, waves (1) and (2) have already formed, and it appears we are currently in wave (3). We expect a rally from this zone following the shallow wave (2) correction. The channel break indicates potential reversal areas, suggesting the start of a continued upward phase towards the 0.70750 level as a potential target in the bullish direction. However, a lower low below 0.63623 would invalidate the bullish scenario. Alternative Scenario: The alternative scenario is a further drop in wave (2) towards the 0.64977 price region marked by blue box before the rally to the upside.
Long
by Samuel124
Hellena | DJI (4H): Short to the area of 38566.67.Dear colleagues, I believe that the impulse of the senior wave “1” is not yet over. I assume that the correction is now in priority, so 2 variants of events are possible: 1) formation of lower wave “4” and “5” (39863.75), then correction with the aim to reach the area of 38566.67; 2) The correction will start soon without a new high, but in this case we will have to reconsider the waves. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
TVC:DJIShort
by Hellena_Trade
10
S&P500 ETF Trust (SPY) Fell 0.55% Today is the Bullish Run Over?Economic indicators are crucial for policymakers, advisors, investors, and businesses to make informed decisions regarding business strategies and financial markets. In the week ending May 23, the SPDR S&P 500 ETF Trust (SPY) fell 0.52%, while the Invesco S&P 500 Equal Weight ETF (RSP) was down 1.75%. This article examines three indicators from last week — existing home sales, new home sales, and consumer sentiment. These data points provide an update on the current state of the housing market and consumer attitudes about the current and future strength of the economy. Existing home sales fell for a second straight month in April as elevated mortgage rates and increased home prices continue to weaken demand. The median price for an existing home sold last month was $407,600, an all-time high for the month of April, marking the 10th consecutive month of year-over-year increases for existing homes. New home sales fell 4.7% in April to a seasonally adjusted annual rate of 634,000 units, falling short of the expected 677,000 units. April’s sales are 7.7% below what they were a year ago, marking the first annual decline in over a year. Consumer sentiment fell to its lowest level in six months, according to this month’s final report for the Michigan Consumer Sentiment Index. The Michigan Consumer Sentiment Index is a monthly survey measuring consumers’ opinions with regard to the economy, personal finances, business conditions, and buying conditions. A closer look at May’s report revealed that consumers are concerned over the labor market, high interest rates, income growth, and inflation. The outlook for the stock market's most important driver just keeps getting better. S&P 500 earnings grew 6% in the first quarter from a year ago, according to data from FactSet. When excluding dismal earnings from Bristol Myers-Squibb (BMY), the results were even better, with earnings growing 10%, per Bank of America. Consensus now sees earnings growing 11.4% in 2024, up from a projection of 10.9% on April 5. In 2025, earnings growth estimates have moved up to 14.2% in 2025 from the 11.6% growth seen that day. On Tuesday, UBS Investment Bank US equity strategist Jonathan Golub boosted his year-end S&P 500 target to 5,600 from 5,400, citing "stronger earnings." This trend is supported by further market upside, as economic "tail risks" have declined, with consensus estimates for economic growth increasing throughout the year. Deutsche Bank's chief global strategist Binky Chadha recently told Yahoo Finance that further growth than expected in the economy could help the S&P 500 reach 6,000 by the end of the year. Technically, the S&P500 ETF Trust index price charts depicts the ending of the 5th wave Bullish Divergence pattern which resonates with Elliot Waves theory. The Relative Strength Index which sits at 58.60 signifies weaker growth from the consumer Index.
AMEX:SPYShort
by DEXWireNews
[Early Warning] Dow Jones showing weakness, will dip furtherTVC:DJI has formed 5 waves down in daily timeframe. Unless this 5 wave structure turn into a 7 or 11 wave (counter-trend) formation, this is likely a beginning of short term down-trend. Now, this down trend could play out in different ways, 2 of the most likely options are highlighted in the chart. This 5 wave decline could be a larger ABC (or WXY/WXYXZ) which is highlighted in red color. Or worse, this could be beginning on a larger trend down and this is just minor wave i of larger 1. This is highlighted in blue color. Both of these alternatives are bearish in nature. We can expect a bounce which might go around 61.8% (~39,500) though it doesn't need to be that much. Just remember that for this scenario to play out, this 5 wave structure shouldn't change into a 7 or 11 wave structure as mentioned above.
TVC:DJIShort
by YetAnotherTA
Cable moving into Daily trendline resistance near 1.28Cable has seen some nice recovery at the end of 2023; move is looking impulsive so more gains can be seen after the corrective retracement which has unfolded down from March highs. So far, price came down with three waves but pair is making a nice turn-up in last few weeks, out of a downward channel, thus it appears that pair is back in bullish mode. In fact, UK CPI figures reported last week indicated a cooling of inflation, but not as much as expected, so potential June cuts are most likely off the table. Looking at the 4h time frame, we see nice five subwaves up as expected which look like a wave 3, therefore we can expect much higher targets after a next pullback while market trades above 1.2570 invalidation level. However, there can be some resistance in the short-term, near the daily trendline that comes in around 1.28. Support on dips is at 1.2650.
by ew-forecast
1