Get started

Impulse

Bitcoin Resumes Its Bullish TrendBitcoin with ticker BTCUSD remains in a higher degree bullish trend as expected. After we recently spotted wave IV correction on a daily chart, we can now see it resuming higher for wave V with space up to 100k area that can be achieved by a new lower degree five-wave bullish cycle. Basic Impulsive Bullish Pattern shows that Bitcoin can be trading in wave 3 of V, so more upside is expected. Later we will just have to be aware of subwave 4 pullback before a continuation higher for wave 5 of V.
BITSTAMP:BTCUSDLong
by ew-forecast
1
DOGE: Fractal Warning of Potential Slow Bleed AheadWhile DOGE has recently broken its trendline, this doesn’t necessarily signal a strong move to the upside. Looking at the fractal, there’s a strong possibility that this is the extent of the upward movement, and we may be in for a slow bleed over the next few days and weeks, bringing DOGE back down. It’s worth keeping an eye on how this plays out, but don’t be surprised if the market trends downward instead of delivering the strong gains many are hoping for.
by cryptechcapital
1
Microstrategy Remains In The Bullish Trend; Positive For Crypto?MicroStrategy is a leading provider of business intelligence (BI) and analytics software. Founded in 1989, the company helps organizations analyze data to make informed business decisions. It's known for its robust platform that supports data discovery, predictive analytics, and mobile app. Additionally, MicroStrategy has made headlines for its significant investments in Bitcoin and both of them are still in the bullish trend. Microstrategy with ticker MSTR remains nicely bullish as expected and looks like 5th wave is in progress, which can push the price even higher with space up to 300 area, just be ware of short-term pullbacks. If that will be the case, then Crypto related stocks may cause a bullish breakout on Bitcoin as well due to their positive correlation.
NASDAQ:MSTRLong
by ew-forecast
GOLD - Price can bounce up from support area to $2710 pointsHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few moments ago price started to trades inside flat, where it bounced from support level and rose to almost top part. Then Gold made correction to $2475 level and then bounced up, reached top part of flat again, and exited. After this, price continued to move up inside rising channel, where later it made a correction to support line. Next, price bounced and in a short time rose to $2620 level, broke it, and reached resistance line of channel. But a not long time ago, XAU turned around and started to decline, so, I think it can fall to support area. Also then, price can turn around and bounce up to $2710 resistance line of a rising channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
3
Toncoin Resumes Its Bullish TrendToncoin with ticker TONUSD made a bigger decline recently after Telegram CEO Pavel Durov was Arrested in France. However, they were most likely just spreading the fear like back in 2022 when FTX's Sam Bankman-Fried was arrested as well, but Crypto market found the low back then and turned bullish. So, don't get scared at this stage, as TONUSD may have just finished a deeper A-B-C correction in wave (4) from where we can expect a bullish resumption for wave (5) of 3. It's actually nicely bouncing from projected support area for wave (4), so wave (5) can be now in progress, especially if jumps back above channel resistance line and 7.3 bullish confirmation level. If that will be the case, then wave (5) has space towards 12-14 target area. In Elliott wave theory, every impulse should be finished by a five-wave cycle.
CRYPTO:TONUSDLong
by ew-forecast
Options Blueprint Series [Advanced]: Reverse Time Iron Condors1. Introduction In today’s advanced options trading discussion, we introduce a unique structure—"Reverse Time Iron Condors"—using Corn Futures Options (ZCH2025). This sophisticated strategy leverages options with different expiration dates, allowing traders to position themselves for a potential market move in the mid-term. The Corn market has recently shown signs of slowing momentum, as indicated by technical indicators such as ADX (Average Directional Index) and RSI (Relative Strength Index) applied to ADX. Our analysis shows that RSI applied to ADX is oversold, and RSI is approaching a key crossover signal that could confirm an increase in volatility. Given this setup, the Reverse Diagonal Iron Condor (a.k.a. Reverse Time Iron Condor) structure aligns well with the market’s current conditions over two expiration cycles. CME Product Specs (Corn Futures ZCH2025) Contract Size: 5,000 bushels per contract. Tick Size: 1/4 cent per bushel (0.0025), or $12.50 per tick. Required Margin: USD $1,200 per contract at the time of producing this article. 2. Market Setup & Analysis To understand why the Reverse Time Iron Condor is suitable for Corn Futures right now, let’s delve into the technical picture: ADX Analysis: Corn Futures’ Daily ADX has been dropping, indicating weakening momentum. This signals a period of consolidation, where price volatility remains low. RSI of ADX: By applying the RSI to the ADX values, we notice that ADX is now oversold, suggesting that momentum could soon pick up. RSI Crossover: The RSI is nearing a crossover above its moving average, confirming that a new impulse in momentum would be in the process of potentially occur. This technical picture suggests the market could stay in a low-volatility phase for now but break out in the near future. Based on this technical setup, the strategy we present is to capitalize on the short-term consolidation while preparing for a potential breakout, using the Reverse Diagonal Iron Condor structure. 3. Strategy Breakdown: Reverse Diagonal Iron Condor The Reverse Diagonal Iron Condor is a unique options structure where you sell longer-term options and buy shorter-term options. This setup generates a negative theta position, meaning time decay works slightly against the trader. However, the strategy compensates for this through positive gamma, which accelerates the delta as the underlying market moves, especially during a breakout. This combination allows the position to profit from a sharp move in either direction, with relatively limited cost. For this trade on Corn Futures (ZCH2025), the structure is as follows: Sell 450 Call (21 Feb 2025), Buy 455 Call (27 Dec 2024): This creates a short diagonal call spread, where the February short call decays slowly due to the longer expiration, and the December long call acts as a short-term hedge against an early rise in prices. Sell 410 Put (21 Feb 2025), Buy 405 Put (27 Dec 2024): Similarly, this forms a short diagonal put spread. The February short put is subject to less time decay, while the December long put protects against a sharp downward move before its expiration. Key Mechanics: Time Decay (Theta): Although the trade has negative theta, the impact of time decay is relatively small because the February options decay slowly due to their longer-term expiration. Gamma and Delta: The positive gamma in this position means that if a breakout occurs before the December expiration, the delta will increase significantly, making the trade more sensitive to price changes. This could more than offset the negative theta, allowing the trade to capture large gains from a significant price move. Objective: The goal is for Corn prices to experience an impulsive move (either up or down) before the December 2024 expiration of the long legs, allowing the positive gamma to boost the position’s delta. If this breakout occurs, the potential profits from the price move will likely surpass the small losses due to time decay. The structure is ideal for markets in consolidation that may be on the verge of a volatility surge, as the falling ADX and oversold RSI suggest. This strategy is particularly well-suited for Corn Futures (ZCH2025), given the current technical setup, where a near-term consolidation phase might be followed by an explosive move in either direction. The success of this trade relies on a timely breakout occurring before the December expiration, after which the position may need adjustment to manage risk. 4. Risk Profile at Initial Setup The initial risk profile for this trade reminds us of an Iron Condor risk profile, with the best case being a range-bound corn market between 410 and 450. Important Consideration: This risk profile does not reflect the final outcome because the trade spans two different options cycles. The December options will expire first, which means adjustments may be necessary after that expiration to maintain protection. Note on Options Simulation Tool: It's important to mention that the options simulation tool provided by TradingView is currently still in its beta stage. While it offers useful insights for analyzing and visualizing options strategies, traders should be aware that certain features may be limited, and results might not always reflect all real-world conditions. For a more comprehensive analysis, it is recommended to complement the simulation with other tools such as the Options Strategy Simulator available in the CME Group website. 5. Optional Trade Management After December Expiration Once the December 2024 long options expire, you will face two possible scenarios. In both cases, managing the February 2025 short options is crucial: o Scenario 1: Corn Prices Remain Range-Bound: If Corn futures continue to trade within the 450-410 range, the December long options will expire worthless. In this case, the strategy shifts to managing the February short options, which will benefit from time decay. Monitor the market closely and consider whether to buy new protection for the remaining February short options. o Scenario 2: Corn Prices Break Out: If Corn futures break above 450 or below 410 prior to the December expiration, the February short options could expose the position to significant risk if we allow them to expire. One potential action is to purchase new long options within the range (for example, buy the 445 call and the 415 put using 21 February 2025 expiration). While many other actions could be valid, a common and probably the simplest approach could be to close all legs in time for a likely profit at this moment. 6. Risk Management Effective risk management is essential in any options strategy, especially one as advanced as a Reverse Diagonal Iron Condor. Below are key points to ensure this trade stays within your risk tolerance: o Position Sizing: Given the complexity of this trade, ensure that the size of your position fits within your overall risk management plan. Avoid over-leveraging, as unexpected price movements can lead to significant losses once the December long options expire. o Monitor Key Levels: Keep an eye on the 450 strike (resistance) and 410 strike (support). If Corn breaks these levels early in the trade, consider closing the position or making adjustments. o Volatility Management: The success of this trade hinges on an increase in market momentum. 7. Conclusion The Reverse Diagonal Iron Condor is an advanced options strategy where the long positions have a shorter expiration than the short positions, creating a negative theta position. Instead of benefiting from time decay as in a traditional Iron Condor, this strategy is designed to take advantage of expected volatility increases over time. By selling longer-term options and buying shorter-term options, traders are positioning themselves for a volatility breakout or significant price movement before the near-term options expire. In this setup, time decay has a limited negative impact on the position, but the key advantage lies in the positive gamma. This means that if a breakout occurs, the position’s delta will accelerate, potentially outpacing the slight negative effect of theta. Traders should closely monitor the December expiration, as the success of the trade hinges on the anticipated large move happening before this date. This structure is particularly well-suited for Corn Futures (ZCH2025), given the falling ADX and RSI, which suggest a potential momentum shift. The strategy is designed to benefit from a significant price move with limited cost, assuming the breakout occurs within the timeframe of the December long options. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CBOT:ZCH2025Education
by traddictiv
HelenP. I Bitcoin can rebound up from support zone to $67KHi folks today I'm prepared for you Bitcoin analytics. Some days ago, the price rose to support 1, which coincided with the support zone, broke it, and even rose a little more. But soon it turned around and started to decline inside the downward channel, where it broke support 1 again and fell to support 2. Soon, BTC broke this level too and dropped to the trend line, after which turned around and started to move up near the trend line, exiting from the downward channel. Price quickly rose to support 2, broke it, and even rose a little higher after this, but later BTC made a correction movement below the trend line. After this movement, the price rose higher than the trend line and continued to move up to support 1. When BTC reached this level, it broke it and some time traded in the support zone, until it broke the trend line one more time. A few moments ago BTC bounced up to this line and at the moment trades very close to the trend line. In my mind, BTCUSDT will correct to the support zone and then rebound up to the trend line. Then it can break this line and continue to move up, therefore I set my goal at 67000 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
10
Bullish Stocks, But Watch Pullbacks and Gaps On SP500The stock market has been very bullish over the last two weeks, with strong gains this week following China's policy actions to support their economy. This has had a positive impact on stocks globally, and it’s no surprise to see the S&P 500 trading higher. Looking at the December futures contract, from an Elliott Wave perspective, we can clearly see a five-wave movement up from the September 9th low. While this bullish momentum continues, it’s important to be cautious as we may be nearing potential resistance in this fifth wave, around the 5,820 to 5,880 area. I think that pullbacks could occur in the next few days, especially if USD stays up with yields. If we do see a correction, the key levels to watch would be the previous swing supports, with the first at 5,754 followed by 5,674. These levels also correspond to regions of open gaps on the cash market, and typically when such gaps are filled, the market can resume its primary trend, which is up. So, if an ABC drop occurs into one of these gaps, it could present an opportunity to rejoin the uptrend in the stock market.
CBOE:SPX
by ew-forecast
AUDCHF: RBA and SNB Can Send Pair even higherIn this article, I will take a closer look at AUD/CHF, and the reason for focusing on this pair is the potential divergence between the RBA and the SNB, which could push the pair even higher. The RBA is expected to hold rates at 4.35%, as inflation slightly increased year-on-year to 3.8% in the second quarter, up from 3.6% in the first quarter. On the other hand, the Swiss National Bank (SNB) may once again cut rates, which could help keep AUD/CHF in an uptrend. Looking at the wave structure, we have seen a very nice ABC setback down to 0.5605, which ended in mid-September. Ideally, we are now in a new impulsive phase. However, for this current leg up to be completed, we need to see five waves up, and based on the subdivisions, that is not the case yet. In fact, a wave four correction could appear in the next few days, presenting an opportunity to join the uptrend. Support can be found around the 0.5780 area, which also aligns with the previous wave B swing area. The price should not fall below 0.5729, otherwise the wave count will become invalid.
Long
by ew-forecast
Can DXY Stabilize at 99.50-100 Area Despite FED 50bp Cut? Dollar Index – DXY has turned bearish after the corrective rally stopped at 105.70-106, an important resistance area at the end of June. Since then, the price even accelerated lower through summer so it appears that a bearish impulse is in play, but with recent touch of a new swing low, DXY is possibly in fifth wave, so be aware of some support in weeks ahead. But closer look shows that there is still some room left for 99.50-100 area, but if this will occur and structure a wedge shape, then we should be aware of reversals, and new correction. So as said, the price could still see a bit more weakness into the 5th wave to fully complete this ending diagonal, but then dollar can turn for a new correction, considering that recent dollar weakness has been mainly driven by these rate cut expectations, so now that this 50bp cut has been done, the dollar may stabilize due to a “buy the rumor, sell the news” effect. However, any rally will be temporary, as I think that dollar has room for much more weakness, bu ideally after another a-b-c recovery. 101.80 -102 is strong resistance. GH
TVC:DXY
by ew-forecast
220% for Fet in 50Fet's looking to lead the AI charge in the coming weeks we have : Reverse Head & Shoulders: • We’ve got a clean Reverse Head & Shoulders pattern in play, which signals a strong bullish reversal. The base sits just above 1.00 USDT, and we’ve already seen a breakout confirmed at 1.309 USDT. This setup is often the precursor to a significant upward move. Price Targets: • First target sits at 2.032 USDT, a solid 58% gain from the breakout point. • Beyond that, we’re looking at a long-term target of 4.180 USDT, marking a 220% potential increase. This target aligns with the projected upper channel, showing a clear path if bullish momentum continues. Volume & Momentum: • Volume is backing up the move—strong buying pressure is evident with a notable increase in green volume bars. • The momentum indicators (likely MACD) are also bullish, reinforcing the strength of the breakout. This suggests there’s still room for the trend to run further. Historical Reference: • On the right side of the chart, there’s a past pattern with similar price action. After consolidating for 45 days, the price moved sharply higher. While past performance isn’t a guarantee, it’s definitely worth noting the similarities. Strategy: • For those looking to enter, a re-test around 1.309 USDT (now support) offers a solid entry point. • A break above 2.032 USDT could ignite further momentum, potentially driving price toward 4.180 USDT in the coming weeks or months. Watch for sustained volume and bullish momentum to confirm the trend. Summary: Fetch.AI is setting up for a strong move, with a clear bullish pattern and solid upside targets. If momentum continues, the next few weeks could see substantial gains. This is a trend worth watching closely.
Long
by Blockbullder
Gold Is Coming Out Of An Elliott Wave TriangleOn a higher degree time frame, we see gold coming higher into a fifth wave, but it may take some time before it finds the top, as we see an unfinished lower degree impulse. Gold remains in strong and impulsive five-wave bullish cycle on a daily chart and there's space for more upside, we will just have to be aware of a higher degree wave IV correction still this year, possibly in Q4. Why? Because we see a move out of a triangle here in fifth wave of III, so we know thats the final trust within higher degree extensions, meaning there can be limited upside in weeks ahead, ideally around 2600-2700 area.
SAXO:XAUUSD
by ew-forecast
EURAUD I Impulse correction setup Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
15
Amazon Has An Incomplete Five-Wave ImpulseAmazon is trading an in impulsive bullish cycle since the beginning of 2023 and it looks to be unfinished from technical point of view and from Elliott wave perspective, because it needs to be finished by five waves. Recent decline has occurred due to recession fears, but it was in three legs A-B-C, which belongs to a higher degree wave 4 correction, especially if we consider a nice rebound away from the strong trendline connected from 2023 lows. So, watch out on a bullish continuation at the end of 2024 that can send the price back to new all-time highs for wave 5.
NASDAQ:AMZNLong
by ew-forecast
USDNOK Is Still Eyeing June LowsUSDNOK is sideways for the last two years that looks like a triangle within uptrend. It's an ABCDE pattern where wave E can be in play, ideally still to the lower side of a range for subwave (C) after the recent subwave (B) rally. Notice that we see price turning sharply and impulsively from the upper triangle resistance line as expected, so wave (C) is in full progress which can push the price down to 10.30 - 10.00 support zone before we will see stabilization and recovery. USDNOK is not at the June lows yet, so we believe it's still in wave 4 correction before a continuation lower for wave 5 towards 10.30 – 10.00 zone. Ideal resistance is at 10.60 – 10.70 area.
Short
by ew-forecast
3
Visa (V): Chart Analysis Update We hope you remember our previous analysis on Visa. The price reacted to our target area and has since increased following the latest drop. We now believe that Wave ((iv)) is complete and that we are currently in Wave ((v)). A level around $305 or even slightly higher should be possible for Visa before breaking the current local low at $253. Once this Wave ((v)) is complete, concluding the overarching Wave 3, we plan to send out a limit for new entries.
NYSE:VLong
by freeguy_by_wmc
EURUSD Is Rising In An Impulsive Five-Wave CycleEURUSD is coming higher, possibly breaking out of a triangle on a higher time frame chart, as market breaks above 1.1140, so it seems that some big moves can be happening. In fact, we clearly see higher highs and higher swing lows on 4h time frame, that looks like a wave 3 from the last two weeks, so more upside can be coming after a current pullback. Support on dip for wave four is at 1.11, from where market can be headed up to 1.1250-1.13. Trend will change below 1.10.
Long
by ew-forecast
Coinbase Remains In The Bullish Trend, So As Crypto MarketCoinbase is making strong and impulsive rally away from the lows, which should be completed by a five-wave bullish cycle from Elliott wave perspective. We have seen some slow down for the last couple of months, but it looks like a clean wave 4 correction that can send the price higher into a 5th wave later this year. Considering a positive correlation with the cryptocurrencies, it can also help Crypto market to stay in the bullish trend.
NASDAQ:COINLong
by ew-forecast
USDJPY Is Unfolding A Five-Wave Bearish ImpulseUSDJPY is in an impulsive decline from the highs, which is now even extended in the 4-hour chart, so it's probably wave 3 of a five-wave bearish impulse within higher degree wave (A). It recovered a bit, but it looks like a three-wave corrective pullback in wave 4 only, touching base channel support line as a resistance, so be aware of a bearish continuation for wave 5 of (A) towards 140 – 138 area before we will see a bigger corrective recovery within wave (B).
Short
by ew-forecast
Crypto Market Still Shows Correction Within UptrendCrypto market is in another bigger decline, impacted by stock market sell-off, but we still see it trading within a higher degree A-B-C correction for wave 4, where wave C of 4 can stop anywhere here in the 1.7T – 1.4T area. It's still a summer consolidation, so as long as Crypto total market cap chart is above trendline and 1.2T invalidation level, there's still a chance for a bullish continuation for wave 5, but we need to see sharp or impulsive stabilization back to 2T area to confirm support in place.
CRYPTOCAP:TOTALLong
by ew-forecast
Unlocking XAUUSD Secrets: Prepare for Gold's Next Big Move!Technical Breakdown of XAUUSD Correctively Reached HTF Structure: The price has reached a higher time frame (HTF) structure through a corrective movement. This structure serves as a significant resistance level observed on higher time frames. Impulsively Got Here: Following the corrective phase, the price made an impulsive move upward, indicating strong buying momentum at that point. Forming Correction: After the impulsive move, the price is forming a correction pattern, typically signaling a potential continuation of the previous trend. This pattern is evident as a descending channel or flag formation. Support and Resistance Levels: Resistance at 2,412.678: A significant resistance level that the price tested but did not break through decisively. Support at 1HR LQZ (2,391.555): A key support level on the 1-hour chart where the price found temporary stability. Support at 4HR LQZ (2,348.039): A more substantial support level on the 4-hour chart, providing a strong base for potential reversals. Descending Channel Formation: The price is currently trading within a descending channel. This pattern often suggests a continuation of the prevailing trend upon a breakout. Key Level Highlight: Break Back Above Lower High (LH): The chart notes that a break back above the identified lower high (LH) would indicate a further pullback. This level is crucial as it may signal a change in short-term momentum. Potential Scenarios: Bullish Scenario: Breakout Above Descending Channel and LH Level: If the price breaks out above the descending channel and the LH level, it may indicate a further pullback and continuation of the upward trend. The price is likely to test the resistance zone near 2,412.678 and could move higher if it breaks through this zone. Bearish Scenario: Failure to Break Above LH Level: If the price fails to break above the LH level and descends further, it may indicate a continuation of the bearish trend. The price could test the 1HR LQZ support level first and potentially move down to the 4HR LQZ support level if bearish momentum continues. Consolidation and Patterns: The chart suggests that the price is currently consolidating within a tight range, indicating indecision. This could lead to a significant move upon breakout from this consolidation pattern. Conclusion: Monitoring the breakout direction from the current descending channel and the reaction to the LH level will provide valuable insights for potential trading opportunities. Key levels to watch include the 2,412.678 resistance zone and the 1HR and 4HR LQZ support levels. A breakout above the descending channel would favor a bullish scenario, while a failure to break above the LH level could suggest continued bearish pressure.
OANDA:XAUUSDShort
by Adlercon333