Get started

Elliotwaveanalysis

Ethereum (ETHUSDT) Update; Price Action & Elliott Wave AnalysisETHUSDT is currently trading inside a strong daily supply zone near the $4,000 level. This level has shown significant rejection in the past, as seen earlier this year. Using Elliott Wave Theory, ETH appears to be in an impulsive wave 3 on the daily timeframe. Current Wave in Progress we are currently in Wave 3 of the Elliott Wave structure. A break above $4,096 could signal a continuation of Wave 3 By overlaying a ghost of the previous Elliott Wave, the current wave aligns well, and the projected Wave 5 target could extend to around $6,400. Supply & Demand Zones Supply Zone (Potential Rejection): $4,000–$4,096 If ETH fails to break above, we may see Wave 4 retracing back to the nearest demand zone. ($3,152–$3,018) RBD. Possible Trade Setups: Bullish Breakout Scenario: Entry: $4,100 (Break above the supply zone and recent highs). Stop Loss: $3,950 (Below supply zone). Take Profit: $6,400 (Projected Wave 5 target). Risk-Reward: ~1:6 (depending on execution). Rejection Scenario (Wave 4 Pullback): Entry: Around $3,152 (Demand zone). Stop Loss: $3,000 (Below demand zone). Take Profit 1: $4,096 (Re-test of supply zone). Risk-Reward: ~1:3. Take Profit 2: $6,400 (Projected Wave 5 target). Risk-Reward: ~1:15. "Be patient and wait for confirmation; the market rewards discipline, not impulsive actions." "Always use a stop loss to manage risk." "The market moves in cycles, and history often rhymes." "Let profits run, but cut losses quickly." – Jesse Livermore Trade Safe! ⚠️ Disclaimer This analysis is for educational purposes only and should not be considered financial advice. Always perform your own research and consult with a professional before trading. Trading involves risk, and past performance does not guarantee future results.
by MESHANL
1
$AMGN observationThis is just my observation, not advice. Technical: 1. Price touched the 200 SMA. 2. Price is corrected to 50% correction and slightly pumped after reaching the supportive zone. 3. Price reached the volume price of FRVP around 270$. 4. The correction nature of the latest candles in the blue box is obvious. 5. In the daily and 4H charts, the stock is almost in the oversold zone. 6. A significant divergence is observable on the daily chart. Fundamental: 1. P/E ratio: 34.4x (Not undervalued) 2. In November 2024, Amgen's Phase 2 study of MariTide showed a 20% average weight loss over 52 weeks in obese patients without diabetes. While promising, it fell short of analysts' 23–25% expectations, raising concerns about its competitiveness against treatments like Eli Lilly's Zepbound and Novo Nordisk's Wegovy. 3. On November 26th, after MariTide phase 2 announcement, the price was mixed but could be considered to have moved up impulsively. 4. On 5th December, Amgen announced to invest 1B for expansion. 5. NASDAQ:AMGN launched Pavblu as a rival of NASDAQ:REGN 's Eylea. 6. On December 7th, NASDAQ:AMGN out significant result for Blinatumomab. 7. Based on reports, NASDAQ:AMGN raises quarterly dividend 5.8%. 8. Analyst sentiments: 14 buy, 15 hold, 3 sell. Scenarios: We are in the correction with two main scenarios: 1. ABC correction has been completed and impulsive waves have been started so we should look for entry. 2. A correction wave has been completed, and we are now in the B wave correction. In this case, we should see another price drop on wave C. After then, we can look for long on around 78% correction and trendline.
NASDAQ:AMGNLong
by jack_the_real_trader
DASH After 7 Years of Stagnation: Powerful C Wave Breakout BeginHi guys! 🌟 Today, we have an exciting analysis of DASH. After a long and exhausting 7-year correction, it seems that DASH is beginning a powerful upward movement in the form of Wave C. 🔑 Wave A started in 2014 at $0.20 and reached its all-time high of $1625 in December 2017. Then, Wave B began a correction, with the price dropping to $19, which occurred in August 2024. This 7-year correction is a 50% retracement from the all-time high, making it a golden opportunity for a discounted entry at this level. This correction indicates a return to half of the all-time high, providing a perfect entry point. 📊 At the end of Wave B, a descending wedge pattern formed, signaling the end of the correction and the beginning of a new upward trend. After breaking the $40 level and pulling back to this level, a confirmation for market entry was made. 🚀 Wave C is now starting from the $19 low in August 2024 and has the potential to push DASH to new heights. Two major resistances are in front of us: Resistance at $75: A break above this level could start a risky entry into the market. Descending trendline resistance: This line is formed from the all-time highs of $1625 in December 2017 and $477 in May 2021. A break of this trendline provides a stronger confirmation for entry and more upward movement. 🔮 Targets: 🎯 $400 (430% profit) 🎯 $1700 (2100% profit) DASH is on the verge of a massive breakout! 🚀
CRYPTO:DASHUSD
by arzdigitalistha
1
XAU/USD 12.12.2024OANDA:XAUUSD Hello Traders, Today, we’re taking a closer look at gold. As expected, gold is moving down in an ABC structure (yellow) within our larger orange wave 4. From here, we can anticipate either a 12345 structure or, if the price moves sideways, another ABC structure leading up to wave 5. Wave 4 has likely reached its bottom, though there is still a possibility of a further decline to the 61% Fibonacci level. However, I consider this scenario unlikely. Overall, we are once again looking for higher prices in the near future.
OANDA:XAUUSDLong
by NeptenFX
1
#XRP/USDT 12h / Elliott-Fibonacci-Financial ChannelAccording to Elliott Wave theory, the price rose during the impulsive first wave and corrected in the second wave as an ABC zigzag to the 0.382 Fibonacci level. This aligns with Elliott's rules, suggesting that the correction of the fourth wave will likely be at 0.5 - 0.618. Based on the impulse of the first wave, the target for the third wave is 4.25, followed by a correction within the fourth wave. Using Fibonacci projections by shifting the grid from the start of the first wave impulse to the end of the second wave, the target for the third wave aligns with Fibonacci 1.618 (5.82). Without shifting the Fibonacci grid, the target for the third wave at Fibonacci 1.618 is 4.40. To confirm this scenario, the price must break above the peak of the descending financial channel. Successful trades!
Long
by WoWAcEDuDe
ANGEL ONE - AN INVESTMENT PICKHello TRADERS and INVESTORS, here i am coming with a new opportunity for investment SO talking about ANGEL ONE, it is now looking beautiful TECHNICALLY and also FUNDAMENTALLY Technical Analysis Using Elliott Wave Principles on ANGEL ONE (Daily Time Frame) Through ELLIOT WAVE one can understands the psychology of price movements. There is a Principle of 5 WAVES called IMPULSE WAVES which shows up-move of the price. CURRENT WAVE SCENARIO The main impulse waves are decorated in black color on the given chart as 1-2-3-4-5 the stock has completed its 4th wave as correction, now it is moving to its final wave i.e. WAVE 5th which can give you the targets of all time high. Technical View * The stock has given breakout of a wedge chart pattern with good intensity of volume. * ANGEL ONE is Challenging BOLLINGER BANDS along with breakout * All the indicators such as RSI, MACD, Directional Movement Index as turning to bullish. Fundamentally also the company is looking strong having PROFIT GROWTH of around 69% compounding in last 5 years, RETURN ON EQUITY is around 45% in last 3 years. Trade Plan * One can enter at Current Market Price * Stoploss 1934 * Targets 3000-3200-3450-3800🚀 CONCLUSION - ANGEL ONE has given a breakout and now this stock might be the buy on dip stock so keep on radar you might get an opportunity on every dip now but always keep SL in mind for any poor circumstances. Thank you * KARANN DINGRA💰
NSE:ANGELONELong
by KARANN_DINGRA
1
DCAL - READY TO SOAR - A buy on DIP stockAGAINNNNNN.... with a big OPPORTUNITY in DISHMAN CARBOGEN AMCIS LTD🚀🚀 This stock has completed its correction and it's now ready to move towards north. let see how? Technical view- a simple understanding for beginners * The stock has given a breakout with good intensity of volume . * The price changed its structure from lower low to higher high * Stock price is challenging Upper Bollinger Band * RSI ( a strength indicator) is above 60 in Daily Time Frame which indicates strong momentum Understanding Waves Key Elliott Wave Principles: 1. Five-Wave Impulse Pattern : The primary trend unfolds in five waves (1-2-3-4-5). Waves 1, 3, and 5 move in the direction of the trend, while waves 2 and 4 are corrective. 2. Three-Wave Corrective Pattern: After a five-wave sequence, a correction typically follows, consisting of three waves (A-B-C) that move against the primary trend. 3. Wave Relationships: Fibonacci ratios play a crucial role in Elliott Wave analysis, often governing the length of the waves. 4. Wave Characteristics: Each wave has its own set of characteristics. For example, Wave 3 is usually the most powerful, showing the strongest price movement, while Wave 5 may signal the final push before a significant correction. Current Elliott Wave Analysis on DCAL - The stock is currently in bigger IMPULSE Wave in which it has completed wave 1 and wave 2 (correction) now it is in the bigger and the strongest wave 3 Targets - generally the targets of wave 3 goes up to 1.618 levels with TREND FIB from wave 1 to wave 2 * In this stock, the targets as per wave theory is around 425.70 * Intermediate targets as per technical view are 247-290-375-425.70 Invalidation / stoploss - invalidation of the up-move is 80 Trade Plan- * one can add at current levels and again if it comes down you will get an opportunity to add more till 150-140 * Invest keeping in mind for short to long term view, not for speculation. THANK YOU KARANN DINGRA
NSE:DCALLong
by KARANN_DINGRA
2
USOIL CLEAR TRIAGLEThe outlook for USOIL is extremely bullish as it is potentially completing the Elliott Wave B as a contracting triangle. This pattern often signals a powerful continuation toward the primary trend once Wave C begins. The Ending Triangle structure indicates that the market has been consolidating in a compressed, corrective pattern, and we are likely nearing the final stages of this consolidation. As Wave B nears its end, it sets the stage for a strong breakout to the upside. Given that oil experienced substantial upward momentum nearly 2 years ago, the market is positioned for a significant surge once Wave C unfolds. The key to this bullish outlook lies in the fact that Ending Triangles often lead to sharp moves in the direction of the dominant trend, which in this case is upward for USOIL. Once Wave C begins, it could propel prices toward new highs, potentially breaking through key resistance levels and establishing a fresh bullish trend. Moreover, the wave structure suggests a well-organized market, with, I believe institutions building large positions in the energy sectors for a larger move. The completion of Wave B indicates the final corrective phase before an explosive rally, providing an excellent opportunity for traders to position themselves for a breakout. The market is poised for a major upward thrust, and the overall sentiment is aligned with a potential rise in oil prices.
TVC:USOILLong
by FreedomBuilder
Tesla At $400; More Gains After PullbackHey traders, hope everyone is doing well. Today, I will looking at Tesla stock, which as you know has impressive gains for the last few weeks, due to speculation surrounding Trump's US presidential election win and connections with Elon Musk. This has fueled expectations of easier regulations for self-driving Tesla cars. But loking at the structure, the current rally from 340 appears to be coming out of a triangle and has now reached the 400 area. Its the key swing high from 2022 and 2021, suggesting the potential for a pullback in the coming weeks. So I think its better to wait for the next wave (4) retracement rather than chasing the market at these levels. If a wave four pullback occurs, support could be found between 311 and 350, especially if the decline unfolds in three waves. GH
NASDAQ:TSLA
by ew-forecast
1
NZD/USD: Rally Ahead or Downside Risk?Hello Traders, Trust you had a great weekend. Take a moment to read my analysis of the NZDUSD currency pair. Overview The NZD/USD pair is currently trading at 0.58325, maintaining a clear downtrend on both the H1 and H4 timeframes. The pair remains confined within a bearish channel, reflecting continued selling pressure. Idea The price is currently testing a critical support zone, which aligns with the 0.786 Fibonacci retracement level of the impulsive move from November 26th to November 29th. The current price action suggests a potential pause at this support level, indicating a possible rally if the zone holds. In a bullish scenario, the price is expected to advance toward the 0.5890 and 0.59016 resistance levels. However, the high at 0.5929 is not anticipated to be breached under the current outlook. Should the price break above this high, further upward momentum could extend to the 0.59692 zone before a likely reversal. On the other hand, a decisive break below the 0.57966 support would invalidate this bullish expectation and signal further downside potential. Conclusion While NZD/USD remains in a bearish trend, the current support zone presents a key inflection point. A rally is likely if the support holds, with resistance levels at 0.5890 and 0.59016 in focus. However, a breach below 0.57966 would confirm a continuation of the downtrend, nullifying the bullish outlook. Do let me have your thoughts guys. Cheers and have a great week.
Long
by Samuel124
2
DOGE - E subwave in actionIn a barrier triangles waves B & D end at essentially the same level. There is probability E wave will exit. Exiting beyond trend boundaries is possible, but is not a strict rule. As you see on the chart the limit for the triangle correction is 0.305, if it exits, it may reverse at 0.36. When wave 5 follows a triangle, it is typically either a brief, rapid movements or an exceptionally long extension. According to projection by 1-subwave of the rally, the final actionary wave may reach 0,77 USD. Most likely, the 5th wave will cover at least the longest part of the triangle, which is the area of 0.53 #DOGECOIN
CRYPTO:DOGEUSD
by dogecoin_chain
NASDAQ, setup for 25k (20% potential)Hello everyone, based on the major wave 3, we can make a projection to imagine where the global markets could form a major top. In my view we are entering the last stages of the bull run, with a potential of 20% gains to come. After reaching the top, a major bear market could start, but I don't expect the top to be in before at least Q1 of 2025. What I also want to point out is that we are about to test the very significant last swing high from where wave 4 started. I should be a good zone to start buying again, as we are in a strong bullish trend. If you need confirmation observe this level closely.
FPMARKETS:US100Long
by Kyrean
NVDA - finding an Exit on LongsIn this short piece, I present some visuals of my ideas on NASDAQ:NVDA targets. If the chart patterns play well then my intention is to exit at around $183 to $193 and then catch the wave (4) low ideally at $146 , for the final push up in this sequence in to $210 or slightly higher for a final exit. Viewed from the perspective of a weekly or monthly chart - NASDAQ:NVDA doesn't look complete at those higher levels, however, I suspect that the end in to the wave (5) around $210 will complete a multitude of larger wave degrees, thus start a much larger degree (wave 4) correction from that point. **NVDA may be a strong barometer for the market peak on an intermediate scale. I will certainly consider this strongly.
NASDAQ:NVDA
by investornomics