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Elliotwaveanalysis

USD JPY Monthly Prospective Analysis up to 2060 (updated)This is the idea combined with elliott wave theory(I forgot to mention in the previous upload, but, in my chart, the number 2 wave corresponds to the 3 in the elliott and the 3 to the 5. The number 1 wave is the same as the 1 in the elliott). Up to 2027 the trend is down, bounced at around 85 and then going up all the way to reach around 170 (maybe does not reach 200 yen this time, that would be accomplished more than about 50 years later). Hope to live long to see if its correct!
Short
by slowdive430
Crude Oil Outlook: Bearish Pattern, Triangle Formation, and Key Back in January, despite strong rise, crude oil has seen limited upside and fully reversed the path. This is partly due to the Trump administration’s goal of bringing crude oil prices lower, with plans to refill the US strategic reserves. In fact data from the Energy Information Administration, showing that production has been gradually increasing since summer of 2023, around the time energy prices hit a swing high near $95. Since then, crude oil has consistently formed lower swing highs. So, if the Trump administration will really boost the oil production, it will likely put more downward pressure on energy prices and help ease inflation; the CPI y/y data, which is highly correlated with crude oil prices, could decline as well as shown on the weekly chart (but this will change if / when economy “booms”). From an Elliott wave perspective, we are tracking an ongoing A-B-C-D-E triangle pattern, but wave E could still push prices a bit higher, for a rally in the next few weeks, because the pattern appears incomplete. But, once this triangle concludes, I expect a break to the downside. This would likely coincide with lower inflation expectations as mentioned; thus lower US yields, and a weaker US dollar. Overall, my assumption is that crude oil will eventually break below $64 per barrel in 2025! GH
NYMEX:CL1!Short
by ew-forecast
Gold is looking for $3000 All time HIGH Gold has sparked and reached all time-high and became a haven commodity again. It is still holding a very strong Bullish momentum which means more high records coming up soon. After XAUUSD rejected 2,775 level, it went all the way to break a very strong level which is the monthly level of 2,842 and maintained there for a short time before launching again reaching a new high 2,872. What i am seeing is that Gold will retrace to monthly level 2,842 and get more momentum and then expolde to reach the $3000 level.
OANDA:XAUUSDLong
by YMtradingsystem
Gold’s Bullish Surge Eyeing the $2,700 Breakout! The chart displays a bullish recovery following a significant downtrend, transitioning into an uptrend within a defined ascending channel. A symmetrical triangle breakout during the bearish phase marked the beginning of this upward movement. Key support is identified around $2,600, while resistance levels are at $2,697, aligned with the 100% Fibonacci projection, and $2,728, which corresponds to the 138.2% Fibonacci extension and acts as a potential exhaustion point. The psychological level of $2,700 plays a critical role as a resistance zone. The price is currently near the upper boundary of the ascending channel, suggesting possible resistance and a chance for consolidation or retracement. If the price breaks above $2,700, it could target $2,728 or higher, while a rejection might lead to a pullback toward the midline or lower boundary of the channel. The bullish momentum remains intact, and traders could consider entering on a breakout above $2,700 or on a retracement near the channel’s lower boundary. Targets lie at $2,728 or higher, with stops placed below the last swing low or channel support. This chart signals a strong bullish trend with critical action expected around the $2,700 level.
OANDA:XAUUSD
by wolfchemist
1
EUR/USD – Smart Money Move Incoming!Here’s a **simple and professional TradingView description** for your post: --- 📢 **EUR/USD Wave Analysis – Key Levels to Watch!** 🔥 🚀 **Market Overview:** EUR/USD is following a **five-wave Elliott structure** with a potential **Wave 4 retracement** before further downside. The key zones to watch: 🔹 **Support Zone:** 1.02052 - 1.00923 (Possible Wave 5 target) 🔹 **Resistance Zone:** 1.06664 (Potential Wave 4 completion) 🔹 **Key Level:** 1.02923 (Crucial reaction point) 💡 **Trading Insight:** We may see a short-term pullback towards **1.06664** before the final drop to **1.00923**. Watch for **price reaction at resistance** before entering a trade. 📊 **Patience is key. Follow the structure, manage risk, and stay ahead of the trend!** 🚀 #GreenFireForex #EURUSD #SmartMoneyConcepts #ForexAnalysis #ElliottWave #PriceAction
by Greenfireforex
SPY | The End of a 16-Year Bull Cycle? Major Correction Ahead?🔎 Overview: The S&P 500 ETF (SPY) has been in a massive bull run since the 2009 bottom, forming a clear 5-wave structure based on Elliott Wave Theory. Now, the market is showing multiple top signals, suggesting that a major correction may be imminent. 📉 Key Warning Signs: 1️⃣ 5-Wave Completion: The 5th wave is approaching a key Fibonacci extension level (0.618 of Waves 1-3), a common reversal zone for extended moves. The previous wave count has been respected perfectly, reinforcing this structure. 2️⃣ Fibonacci Circles Alignment: Price is reaching the outermost Fibonacci arc, a historically significant zone where reversals have occurred. The market has reacted strongly in previous arcs, indicating this could be another turning point. 3️⃣ RSI Bearish Divergence: The Relative Strength Index (RSI) is making lower highs while price is making higher highs—a classic bearish divergence signal. Previous similar divergences led to major corrections, including 2000, 2008, and 2021 dips. 4️⃣ Overextended Market Conditions: Volume is declining despite new highs, signaling weak buying pressure. Sentiment is euphoric, typically a late-stage bull market characteristic. 📊 Possible Scenarios: 🟢 Bullish Case: If SPY breaks and sustains above the 0.786 Fibonacci level (~672), we could see an extension. 🔴 Bearish Case: A break below 600 and a weekly close under 575 would confirm the start of a major correction back to the 350-400 zone (previous wave 4 region). 🚨 Final Thoughts: The technical evidence suggests that SPY is in a late-stage bull cycle, and the risk of a major pullback is high. While timing exact tops is difficult, long-term investors should be cautious, and traders may want to start looking at hedging strategies or taking partial profits. 📢 What’s your take? Are we near a major top, or is there more upside left? Drop your thoughts in the comments! 👇 #SPY #SP500 #StockMarket #ElliottWave #Fibonacci #RSI #BearishDivergence #Trading #Investing 🚀📉
AMEX:SPY
by EduNuri
1
Mr.Million | Two Possible Scenarios for TSLAScenario #1: TSLA completed Wave (5) (in white) rather quickly, followed by a price retracement to Wave (4) low. 📉 Scenario #2: TSLA is in an ending diagonal, with a bearish RSI divergence already formed. Both near-term and long-term outlooks are bearish. 📉 (See the image below) In both scenarios, TSLA appears to be bracing a downward move. If you’re holding shares of TSLA, consider scaling out in stages to lock in gains.
NASDAQ:TSLAShort
by MrMillion_official
The Future of Blockchain: A New Era of TokenizationGreetings, fellow enthusiasts! I believe we are on the brink of a transformative era for blockchain technology. Here's my vision for how the future will unfold: The New Era of Tokenization: We are entering a period where almost every financial asset will be tokenized. Imagine stocks, gold, silver, and various commodities all represented as digital tokens on the blockchain. This shift is already gaining momentum, with big banks and influential players like Larry Fink from BlackRock advocating for the tokenization of everything. The Impact on Digital Assets: As we move towards this future, traditional financial assets will transition into digital tokens. This will, in my opinion, lead to digital assets without real-world counterparts, such as MARKETSCOM:BITCOIN , becoming "virtually" (pun intended) useless. Why? Because the tangible value of assets like tokenized TVC:GOLD or stocks will overshadow the speculative nature of purely digital assets. The Role of Big Banks and Institutions: With the backing of major financial institutions, the adoption of tokenization will accelerate. This will bring about a more secure, transparent, and efficient financial system, bridging the gap between traditional and digital finance. The Future: This is probably the end of the road for MARKETSCOM:BITCOIN and existing cryptocurrencies as we know them. Say hello to a new era of Cryptography that will be as mainstream as it can get. In summary, the future of blockchain lies in the tokenization of real-world assets, driven by the support of big banks and key industry leaders. This new era will redefine the landscape of digital assets, making those without tangible counterparts less relevant or even completely irrelevant. I look forward to hearing your thoughts and engaging in a lively discussion! INDEX:BTCUSD NASDAQ:MSTR NASDAQ:COIN NASDAQ:MARA INDEX:ETHUSD CRYPTO:XRPUSD TVC:GOLD TVC:SILVER BINANCE:BTCUSDT COINBASE:BTCUSDT
INDEX:BTCUSDShort
by CassianDrake
Mr.Million | Current XRP Chart Analysis and update to my currentUpdate to My Current XRP Short Position: Recently I posted my bearish stance on #XRT and a low-leverage (2x) SHORT at ~ $3.06, with PT of ~ $2.2. Since then 🥁🥁… 💰 Added to my position (3x lev.) around ~$3.2. 💰 Locked in profits (green circles) of ~$193k.🤑 💰 Remaining short back to 2x lev. 🥳 with a better avg. price of $3.129. ✨ On Binance, my XRP short from Jan 30 to 31 has a realized PnL of $193,047 and an unrealized PnL of $50,339. Follow me for future updates on this position (XRP), and here’s to a dip to my PT for a big payday! 🙏📉💸
Short
by MrMillion_official
Mr.Million | BTC Chart Update and My BTC PositionIn my last post, I mentioned #BTC was at a 50-50 crossroads but leaned bearish. What have I done since…? From Jan 30 to 31, the unrealized PnL on my BTC short position currently open on OKX is $21,299, while the realized PnL from a partial TP is $17,954. I also traded on Bitget, where my BTC short has an unrealized PnL of $37,896 and a realized PnL of $25,565. I am SHORT from ~ $105.8k (Jan 29) based on: 1) Potential completion of Wave (Y) in an ABC form 2) Bearish RSI Divergence (15-min) 💰Locked in half-profits (~$18k from #OKX & ~ GETTEX:25K from #Bitget) 🤑 near 0.618 retracement of Wave (Y). 🎯 Next target! Taking half of my remaining position off ~ 0.382-0.500 retracement to Wave (W) start, with my final PT of ~$91k (Jan 14 low). 🙏📉💰 My stop is at ~$106k (Wave (Y) high), near break-even. Follow me and see how this trade plays out!
Short
by MrMillion_official
THE TREND IS YOUR FRIEND - ATH 3K SOONER THAN LATER... As illustrated, I'm trying yo visualize the first couple of weeks of FEB. If things go according to plan, the market should hold its uptrend as it has shown in a healthy and appropriate manner; in other words, respecting key pivot areas, major trendline, demand areas, and so on. The market structure we are seeing, brings back memories of last year's SEP + OCT + NOV bullishness, where gold just kept rising to higher highs with momentum and steady buying volume. On a fundamental aspect, the tip of the iceberg starts with the USA GOV confirming a 25% tariff sanctions on MEX & CAD; this doesn't really help much with geopolitical tensions, nor does it pave a "safe path" toward bringing inflation down, since inevitably the consumer market will have to (sooner or later and any other way) pay for such increment in prices; it's just logical. Any company that is getting charged such absurd tariffs MUST SIMPLY RAISE PRICES or stop negotiating with the US... (you be the judge of that one). Gold continues to have key circumstances that increases its safe heaven demand in times of this degree of uncertainty worldwide. That being said, THE TREND IS YOUR FRIEND! Look for buy setups on key days of the week. MON-TUE = LOW OF WEEK ; WED - THU = EXPANSION ; FRI = REVERSAL / CONSOLIDATION -- GOOD LUCK!
OANDA:XAUUSDLong
by PersaGold
2
BTC to new high...It seems that BTC to be at the beginning of wave c:B. price is supported in green zone that it includes fibonacci 1.618 of wave W and fibonacci 0.5 of wave a:B and fibonacci 1.272 wave X. I expect that price to rise to red zone that it includes fibonacci 1.38 and fibonacci 1.23 of wave A and fibonacci 1 of wave a:B. after that price completes the extended flat pattern in red zone, I expect the price to decline below the end of wave A and probably below 80,000.
Long
by Mr_elliottt
GBPUSD took support from 4h bullish channel – Targeting $1.265Market Context Instrument: GBPUSD Timeframe: 4h Key Trend: Reversal from short 4h downtrend Catalyst: support from 4h bullish channel + Elliott wave 4 completion. Technical Analysis Patterns/Levels: Price broke above the $1.2400 strong support of a 4h bullish channel. Indicators: MACD bullish crossover; RSI above 50. Entry Analysis Entry Zone: 1.24250. 1.2645 (4h key resistance, Caution if fail to break). Confirmation: support above $1.2400 on the 4h chart. Exit Analysis TP1: $1.2575 (prior swing high). TP2: $1.265 (Wave 5 target). Risk Management Stop Loss: $1.2393 (below Support 1.2400). Risk-Reward: 1:4. Conclusion “The support from 4h bullish channel signals a trend reversal. Targeting $1.2650 with a tight SL ensures favourable risk/reward.” Notes for Success: Timeframes Matter: Align entry/exit with higher-timeframe trends. Adapt: Adjust targets if volatility spikes (e.g., news events). Disclaimer: Always include “Not financial advice. Trade at your own risk.”
Long
by TraderJaggu
Are we sending HBAR higher or in Buy The Dip mode?While liquidity is drained from many altcoins and prices stagnate, HBAR is showing an impressive performance. Will HBAR continue on to challenge its 2021 high and achieve a new ATH (All-Time High)? As a self-proclaimed Elliottician, there's one point that concerns me. This correction since December 3rd has been too prolonged—it's difficult to interpret it as a single wave cluster. In one possibility, we might have already entered a new progressive wave (the circled green 1-2-3-4-5). However, it takes on the somewhat exceptional form of a leading expanding diagonal in that case. If the bullish scenario takes an exceptional shape, let's also consider exceptions for the bearish (correction) scenario. In this case, isn't truncation a possibility? In other words, the high on Christmas might have been the end of the upward wave following a correction that could be WXYXZ as an impulsive wave 4. There are multiple possible ways of counting, but in this case, it's possible to count the high on January 17th as the B of an expanded flat—that is, the B as an irregular top. Turning our eyes to the weekly chart, the red box clearly functions as a resistance zone, and it appears to have formed a double top. If candlesticks are pushed out from this resistance zone, it would be natural to anticipate movement in a downward direction. Nevertheless, HBAR holders, including me, will simply accumulate more if the price drops, won't they? Will that opportunity present itself?
CRYPTO:HBARUSD
by jackrabbitrage
Mr.Million | Why I am Bearish on NVDA Near TermNVDA appears to have completed Wave (3) and could drop to ~$100. A potential ending diagonal forming + DOUBLE bearish divergence. 🚨 NVDA feels heavy. Unlike the past two breakouts that blasted through resistance like a 🚀, the latest breakout at ~$141 feels like it’s stuck in the mud! 😞 So, where would I go long? 🔥~$100 = Very Strong Buy 🚛🚛🚛 Remember: if NVDA falls, so will Nasdaq (and BTC)! I am holding lots of cash! 💰💰
NASDAQ:NVDAShort
by MrMillion_official
1