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Elliotwaveanalysis

GOOGL: Bullish Bounce Before a Bigger Drop? Here's My RoadmapGoogle NASDAQ:GOOG NASDAQ:GOOGL is shaping up to look bullish in the short term, and I believe that in the next few weeks to months, we could see a solid upside move - before things could turn ugly again later on. Let me explain why. Big picture: we’re currently in a Wave (2) corrective structure, which is playing out as a complex WXY correction (marked in orange). This type of correction follows a 3-3-3 wave pattern, and everything we’ve seen so far fits that structure. Since the top in February, NASDAQ:GOOGL has dropped around 24% , which is significant - but also not unexpected within this context. What’s interesting now is that we’ve just printed a bullish divergence on the RSI for the first time in this move down. That’s the first green flag. The second? The lower wick, which I currently mark as sub-wave ((a)) has been very well respected so far. That’s the second sign that this could be the turning point - at least temporarily. I’m expecting a move up in the coming weeks toward the 2024 VAH, around $178, where we could see a first rejection. From there, the price should continue higher in a 3-wave structure toward Wave ((b)), likely reaching between $187.80 and $196.30 (the 61.8% to 78.6% retracement zone). But let’s be clear: this is not the start of a new bullish trend. After Wave ((b)), I expect a 5-wave move to the downside, completing Wave ((c)) - and that means lower prices ahead , potentially in Q3, Q4 2025 or even into 2026. Until then, I’m keeping a close eye on this structure. As long as the current Wave ((a)) low holds, this short-term bullish scenario remains valid. If we get a strong breakout in the coming days / weeks, I’ll be looking to enter on a retest, targeting that $187.80–$196.28 zone. Let’s see if the market plays it my way. Make sure to follow me for future updates on this scenario and other setups !
NASDAQ:GOOGLShort
by stromm
GBP/USD is heating up! A major shift is coming—are you ready?"Analysis: The correlation between DXY & GBP/USD is playing out perfectly! As the Dollar Index (DXY) approaches key resistance in the 112-113 zone, GBP/USD is reacting inversely, showing signs of a potential drop toward 1.14. Elliott Wave patterns confirm a high-probability reversal setup, aligning with macroeconomic factors and liquidity zones. If DXY gains strength, expect a bearish breakdown on GBP/USD. 📈 Key Levels to Watch: GBP/USD Resistance: 1.32-1.34 GBP/USD Support: 1.14 DXY Resistance: 112-113 DXY Support: 102.5 💡 Will GBP/USD hold or break down? Drop your predictions below! 👇
by Greenfireforex
AUDNZD will soon finish bullish cycle and usher in a sell-off? AUDNZD has been on a 2-year rally for 2 years. However, it appears price is correcting the sell-off in the last quarter of 2022 before the eventual resurgence. Structurally, a zigzag structure is emerging with (A) and (B) finished as impulse and double zigzag structures respectively. Meanwhile, wave (C) is on the verge of completing an ending diagonal structure. Price is currently in the 5th leg of wave (C) and may continue to 1.12 which is roughly 100% of (A) from (B). So I believe, the sellers may have a chance between 1.12-1.135 in 2025. Caveats 1. The 4th wave of the proposed ending diagonal could extend lower but should finish above 1.081 to keep the diagonal valid. Thus, buyers can buy lower again toward the zone mentioned above. 2. The (A)-(B)-(C) of ((B)) doesn't correspond in time magnitude with the sharp wave ((A)) impulse decline. Thus, the current rally alternatively could be a leading diagonal. If so, a pullback should happen as expected but shallower (should end above ((A)). Similar path but different counts.
Short
by The_Wave_Chartist
Asian Paints Weekly Elliott Wave Analysis – March 17, 2025The price action of Asian Paints (NSE: ASIANPAINT) has been following a clear Elliott Wave structure. The stock completed a primary wave (3) at the peak, with a truncated 5th wave, indicating weakness in the final leg of the impulse. It is currently undergoing a wave (4) correction, following a W-X-Y pattern, with the price moving lower towards the 1.618 Fibonacci extension target at ₹1,931. The invalidity level is set at ₹1,297, below which the larger wave structure would need reconsideration. Indicators like RSI and MACD are reflecting oversold conditions, suggesting a potential bounce or consolidation before further downside. A confirmation of wave (4) completion would signal the start of wave (5) towards new highs. 📉 Key Levels to Watch: Support: ₹1,931 (1.618 Fib Extension) Resistance: ₹2,492 (Wave Y previous support) Invalidation Level: ₹1,297 This wave count suggests that Asian Paints is nearing the end of its correction phase. A reversal from the target zone could set the stage for the next bullish impulse. 📢 Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational and study purposes only. Any profits or losses from trading based on this analysis are entirely your own responsibility. Do your own research before making any trading decisions.
NSE:ASIANPAINT
by kalpeshloke
1
#GOLD possible bearish moveAs can be seen in the chart we are probably dealing with a wave (c). Which could turn out to become a Zigzag bearish corrective pattern, which suggest lower economical and geopolitical risk in the next few days. Or it could become a triangle pattern which makes even shallower correction with more difficult technical situation as well as higher risk in the market. Either way, since the previous correction was deep and reached almost 78% of its previous bullish impulsive move, this new bearish corrective move (base on alternation guideline) cannot be deep and can end at around 38%. Best of luck.
TVC:GOLDShort
by mohemati
1
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-Chart
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