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Impulse

RNDRing a Bullish Impulse 💻Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. RNDR has been overall bullish trading inside the rising wedge pattern in green, and we are currently in a correction phase approaching the lower green trendline. Moreover, the zone 1.60 is a support zone. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower green trendline. As per my trading style: As RNDR is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
RLong
by TheSignalyst
10
DAX Incomplete Elliott Wave Bullish Sequence Favors HigherShort Term Elliott Wave View in DAX suggests the rally from 3.20.2023 low is in progress as a 5 waves impulse. Up from 3.20.2023 low, wave 1 ended at 15298.49 and pullback in wave 2 ended at 14809.82. Index then extends higher in wave 3 towards 16331.94. Pullback in wave 4 is unfolding as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 15726.5 and wave ((b)) ended at 16079.73. Wave ((c)) lower ended at 15629.12 which completed wave 4. Index has resumed higher in wave 5. Internal subdivision of wave 5 is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave 4, wave ((i)) ended at 16114.84 and pullback in wave ((ii)) ended at 15909.85. Index then resumes higher again in wave ((iii)). Up from wave ((ii)), wave (i) ended at 16020.28 and wave (ii) ended at 15913.95. Expect the Index to extend higher 1 more leg to complete wave (iii), then it should pullback in wave (iv) before it resumes higher again. Near term, as far as pivot at 15629.38 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
XETR:DAX
by Elliottwave-Forecast
GBPCHF I Impulse correction and continuationWelcome back! Let me know your thoughts in the comments! ** GBPCHF 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!
Long
by BKTradingAcademy
1
Tesla (TSLA) Elliott Wave Bullish Sequence Suggest Further RallyTesla (TSLA) has broken above 2.16.2023 peak at 217.65. The stock now shows a bullish sequence from 1.6.2023 low favoring further upside. Near term, cycle from 5.24.2023 low is currently in progress as a 5 waves impulse with extension Elliott Wave structure. Up from 5.24.2023 low, wave ((i)) ended at 204.48 and dips in wave ((ii)) ended at 195.12. Internal subdivision of wave ((ii)) unfolded as a zigzag structure. Down from wave ((i)), wave (a) ended at 197.53, wave (b) ended at 202.99, and wave (c) lower ended at 195.12. This completed wave ((ii)) in larger degree. The stock then resumes higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 205.99 and pullback in wave (ii) ended at 199.37. Tesla then extends higher in wave (iii) with internal subdivision as another impulse in lesser degree. Up from wave (ii), wave i ended at 209.8 and dips in wave ii ended at 206.78. Wave iii ended at 218, pullback in wave iv ended at 212, and final leg wave v ended at 221.29 which completed wave (iii). Pullback in wave (iv) is now in progress in 7 swing and can reach 207 – 211 area before finding support for further upside. As far as pivot at 195.12 low stays intact, expect pullback to find support in 3, 7, 11 swing for further upside.
NASDAQ:TSLA
by Elliottwave-Forecast
Elliott Wave Forecasts Nasdaq (NQ) to Continue HigherShort term Elliott Wave View in Nasdaq (NQ) suggests the rally from 4.26.2023 low is in progress as a 5 waves impulse with extension (nest). Up from 4.26.2023 low, wave ((i)) ended at 13370.25 and pullback in wave ((ii)) ended at 13001.75. Wave ((iii)) is currently in progress with internal subdivision as another 5 waves in lesser degree. The 1-hour chart below shows the rally within wave ((iii)). Up from wave ((ii)), wave i ended at 13494.25 and dips in wave ii ended at 13310.50. Wave iii ended at 13960.25, wave iv ended at 13794.25, and final wave v ended at 13979.25 which completed wave (i). Index then pullback in wave (ii) which ended at 13563.60. The Index extended higher again in wave (iii) towards 14570 and pullback in wave (iv) ended at 14336.75. Expect Index to extend higher in wave (v) to complete wave ((iii)). Afterwards, it should pullback in wave ((iv)) to correct cycle from 5.4.2023 low before the Index resumes higher again. Wave ((iv)) typically ends at 23.6 – 38.2% Fibonacci retracement of wave ((iii)). The target can be measured after wave ((iii)) is confirmed complete. Near term, as far as pivot at 13563.6 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
CME_MINI:NQ1!
by Elliottwave-Forecast
3
Elliott Wave View: NVDA Bullish Momentum Looking for More UpsideShort term Elliott Wave View in Nvidia Corporation (ticker: NVDA) suggests that rally from 4.26.2023 low is unfolding as a 5 waves impulse Elliott Wave structure with extension. Up from 4.26.2023 low, wave ((i)) ended at 290.58 and dips in wave ((ii)) ended at 272.40. Stock has resumed higher in wave ((iii)) which subdivides into another 5 waves in lesser degree. Up from wave ((ii)), wave i ended at 276.6 and wave ii ended at 273.80. Wave iii ended at 287.55, pullback in wave iv ended at 283.50, and final leg wave v ended at 292.20 which completed wave (i). Pullback in wave (ii) ended at 280.42 with internal subdivision as a zigzag structure. Down from wave (i), wave a ended at 284.5, wave b ended at 291.13, and wave c ended at 280.42. This completed wave (ii). The stock has resumed higher in wave (iii). Up from wave (ii), wave i ended at 298.70 and pullback in wave ii ended at 291.84. Wave iii ended at 318.24, pullback in wave iv ended at 312.50, and wave v higher ended at 319.08 which completed wave (iii). Pullback in wave (iv) ended at 306.80 with internal subdivision as a zigzag. Near term, while above 306.80, and more importantly above 280.42, expect stock to extend higher.
NASDAQ:NVDA
by Elliottwave-Forecast
Elliott Wave View: S&P 500 (SPX) Has Started Wave 5 Higher Short term Elliott Wave View in S&P 500 (SPX) shows the Index ended wave 3 at 4186.92 and pullback in wave 4 ended at 4048.4. Internal subdivision of wave 4 unfolded as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 4089.72 and rally in wave ((b)) ended at 4148.3. Final leg wave ((c)) lower ended at 4048.47. The Index has resumed higher and broken above wave 3, confirming that wave 5 has started. Wave 5 is unfolding as a 5 waves impulse structure with an extension. Up from wave 4, wave ((i)) ended at 4147.02 and pullback in wave ((ii)) ended at 4098.92. The Index then resumes higher again in wave ((iii)) in 5 waves of a lesser degree. Up from wave ((ii)), wave (i) ended at 4147.32 and dips in wave (ii) ended at 4099.12. Up from there, wave i ended at 4141.25, wave ii ended at 4109.86. Wave iii ended at 4186.2, wave iv ended at 4160.04. Final leg wave v is expected to end soon which should complete wave (iii). Afterwards, it should pullback in wave (iv) before the rally resumes again. Near term, as far as pivot at 4048.47 low stays intact, expect pullback to find support in 3, 7, 11 swing and Index to resume higher.
SP:SPX
by Elliottwave-Forecast
Google (GOOGL) Elliott Wave Impulsive Structure IncompleteShort Term Elliott Wave View on Google ( NASDAQ:GOOGL ) suggests it ended wave 2 pullback at 103.68. Wave 3 higher is currently in progress with internal subdivision as a 5 waves impulse with extension. This is often called nesting impulse. Up from wave 2, wave ((i)) ended at 107.49 and pullback in wave ((ii)) ended at 103.97. The stock resumes higher in wave ((iii)) with internal subdivision as another impulse in lesser degree. Up from wave ((ii)), wave i ended at 105.56 and wave ii ended at 104.11 Wave iii ended at 109.7, pullback in wave iv ended at 107.72, and wave v higher ended at 110.15 which completed wave (i). Stock then pullback in wave (ii) which ended at 106.70. Google has resumed higher in wave (iii) again. Up from wave (ii), wave i ended at 113.83 and dips in wave ii ended at 111.75. Stock resumes higher in wave iii towards 117.92, and pullback in wave iv ended at 115.85. Final leg wave v ended at 118.48 which completed wave (iii). Expect wave (iv) pullback to find support in 3, 7, 11 swing for further upside. Potential target for wave (iv) is 23.6 – 38.2% Fibonacci retracement of wave (iii) which comes at 113.9 – 115.7. Near term, as far as pivot at 103.7 low stays intact, expect the stock to extend higher.
NASDAQ:GOOGL
by Elliottwave-Forecast
Elliott Wave Outlook: S&P-500 E-Mini (ES) Looking to Extend HighShort Term Elliott Wave View on S&P 500 E-Mini (ES) below shows that the Index ended wave 3 at 4206.25 and pullback in wave 4 is proposed complete at 4062.25. This view will get validation if the Index manages to break above wave 3. Internal subdivision of wave 4 unfolded as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 4176.25 and rally in wave (b) ended at 4191.50. Index resumed lower in wave (c) towards 4105.50 and this completed wave ((w)). Index then corrected in wave ((x)) towards 4167 with internal subdivision as a zigzag. Up from wave ((w)), wave (a) ended at 4154.5 and pullback in wave (b) ended at 4130.75. Wave (c) higher ended at 4167 which completed wave ((x)). Index resumed lower again in wave ((y)) with internal subdivision as a zigzag. Down from wave ((x)), wave (a) ended at 4075.5 and wave (b) rally ended at 4118. Index then resumes lower in wave (c) towards 4062.25 which completed wave ((y)) of 4. Index has since turned higher in wave 5 with internal subdivision as a 5 waves impulse. Up from wave 4, wave ((i)) ended at 4163.25. Pullback in wave ((ii)) ended at 4112.25 with internal structure of an expanded flat Near term, as far as pivot at 4062.25 low stays intact, expect the Index to extend higher.
CME_MINI:ES1!
by Elliottwave-Forecast
Elliott Wave Impulse Decline in XOM Suggests Further DownsideShort term Elliott Wave view in Exxon Mobil (ticker: NYSE:XOM ) suggests that the decline from 4.28.2023 high took the form of a 5 waves impulse. Down from 4.28.2023 high, wave (1) ended at 115.64 and rally in wave (2) ended at 117.30. The stock resumes lower again afterwards. Down from wave (2), wave 1 ended at 114.45 and rally in wave 2 ended at 115.22. Stock resumes lower again in wave 3 towards 109.29 and wave 4 rally ended at 111.39. Final leg wave 5 ended at 108.15 which ended wave (3). Stock then rallies higher in wave (4) towards 109.81 and then extends lower in wave (5) towards 105.5. This completed wave ((A)) in higher degree. Wave ((B)) is currently in progress to correct cycle from 4.28.2023 high. Internal subdivision of wave ((B)) is unfolding as a double three Elliott Wave structure. Up from wave ((A)), wave A ended at 109 and dips in wave B ended at 105.80. Wave C higher ended at 110.97 which completed wave (W). Pullback in wave (X) ended at 108.1 and the stock has resumed higher again. Potential target higher for wave (Y) is 100% – 161.8% Fibonacci extension of wave (W) which comes at 113.5 – 116.8. Near term, as far as pivot at 119.9 high stays intact, expect rally to fail in 3, 7, 11 swing for further downside.
NYSE:XOM
by Elliottwave-Forecast
EURCAD - The Perfect Impulsive Wave ✨EURCAD is showing us the perfect impulsive wave. As we can see, we are currently on the 4th wave correction which is an ABC wave. We are on Wave C now, which has 5 waves. We're expecting the final 5th wave higher, which will be broken down into 5 subwaves. 4H Timeframe Trade Idea: - Watch for break of red trendline for confirmation that we've started the 5th wave - Enter with stops below the lows - Target: 1.463 (500pips), 1.49 (800pips) Goodluck and as always, trade safe!
by WicktatorFX
6
Exxon Mobil (XOM) Looking to End 5 Waves Elliott Wave ImpulseExxon Mobil (XOM) cycle from 3.20.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.20.2023 low, wave (1) ended at 107.35 and pullback in wave 2 ended at 100.68 as the 1 hour chart below shows. Up from there, wave 1 ended at 110.17 and wave 2 ended at 109.05. Wave 3 ended at 114.64, wave 4 ended at 112.20. Final wave 5 ended at 116.85 which completed wave (3) in higher degree. Wave (4) pullback took the form of a zigzag Elliott Wave structure. Down from wave (3), wave A ended at 114.17, and wave B ended at 117.18. Wave C lower ended at 113.6 which completed wave (4). Wave (5) is in progress as a 5 waves diagonal structure. Up from wave (4), wave 1 ended at 116.59 and pullback in wave 2 ended at 114.16. Wave 3 ended at 117.56 and dips in wave 4 ended at 115.50. Near term, expect XOM to extend higher to complete wave 5 of (5) of ((1)) before cycle from 3.20.2023 low ends and the stock see a larger degree pullback. As far as pivot at 100.68 low stays intact, expect the stock to extend the final leg higher before ending cycle from 3.20.2023 low.
NYSE:XOM
by Elliottwave-Forecast
Elliott Wave View: S&P 500 ETF (SPY) Should Stay SupportedS&P 500 ETF (SPY) cycle from 10.13.2022 low is in progress as a diagonal 5 waves. Up from 10.13.2022 low, wave 1 ended at 410, and wave 2 pullback ended at 380.46 as the 1 hour chart below shows. Wave 3 is in progress with subdivision as a 5 waves impulse Elliott Wave structure. Up from wave 2, wave ((i)) ended at 402.49 and dips in wave ((ii)) ended at 389.33. The ETF rallies higher in wave ((iii)) towards 412.50, and dips in wave ((iv)) ended at 405.68. Wave ((v)) higher is in progress with internal subdivision as a diagonal in lesser degree. Up from wave ((iv)), wave (i) ended at 413.75 and pullback in wave (ii) ended at 407.15. The ETF extends higher in wave (iii) towards 415.09, and dips in wave (iv) ended at 410.06. Expect wave (v) to end soon which should also complete wave ((v)) of 3. Afterwards, the ETF should pullback in wave 4 to correct cycle from 3.13.2023 low in 3, 7, or 11 swing before the rally resumes. Near term, as far as pivot at 380.46 low stays intact, expect pullback to find support in 3, 7, 11 swing for more upside.
AMEX:SPY
by Elliottwave-Forecast
Crude Oil Looking To Complete Impulse Elliott Wave SequenceCL_F (Crude Oil) favors higher in 5 wave Impulse Elliott Wave sequence as wave 1 before pullback starts. It placed (B) at $64.12 low on 3/20/2023. Above (B) low, it placed ((i)) at $71.67 high & ((ii)) at $66.82 low. ((ii)) was 0.618 Fibonacci retracement of ((i)). It favored ended ((iii)) at $81.81 high on 4/04/2023 high as extended ((iii)). Within ((iii)), it placed (i) at $74.37 high, (ii) at $72.61 low, (iii) at $81.69 high, (iv) at $79.00 low & (v) ended at $81.81 high as ((iii)) as 2.0 Fibonacci extension of ((i)). It ended ((iv)) at $79.37 low as double as shallow correction on 4/11/2023. Above ((iv)) low, it favors higher in ((v)) of 1. Above ((iv)) low of $79.37, it ended (i) of ((v)) at $81.85 high & (ii) at $81.28 low. It ended (iii) at $83.53 high & favors pullback in (iv) before upside resumes in (v) to finish ((v)) as wave 1. Impulse sequence expects to finish with momentum divergence in fifth wave against third wave before correction starts. So, if it erases the momentum divergence with more upside, then it can be the part of nest within impulse sequence before pullback starts. Once it finished wave 1 as impulse sequence, it expects to pullback in 3, 7 or 11 swings against 3/20/2023 low before turning higher. It expects to remain supported at extreme areas in pullback.
NYMEX:CL1!
by Elliottwave-Forecast
Gold (XAUUSD) Elliott Wave Bullish Sequence Favors HigherGold (XAUUSD) broke above the previous peak on February 2, 2023 at 1959.74. It shows a bullish sequence from 9.28.2022 low favoring further upside. A 100% – 161.8% Fibonacci extension from 9.28.2022 low targets 2148 – 2360 to the upside. Near term, cycle from 2.28.2023 low is currently in progress as a 5 waves impulse Elliott Wave structure. Up from 2.28.2023 low, wave 1 ended at 1858.33 and dips in wave 2 ended at 1809. The metal extends higher again in wave 3 towards 2009.75. The 1 hour chart below shows pullback in wave 4 ended at 1933.90. Wave 5 higher is now in progress with subdivision as another impulse in lesser degree. Up from 4, wave ((i)) ended at 2003.28 and pullback in wave ((ii)) ended at 1943.70. Up from there, wave (i) ended at 1987.57, wave (ii) ended at 1949.30. Gold then extends higher in wave (iii) towards 2032.13 and dips in wave (iv) is proposed complete at 2000.50. Expect Gold to extend higher in wave (v) to complete wave ((iii)), then it should pullback in wave ((iv)) before the rally resumes. Near term, as far as pivot at 1933.64 low stays intact, expect dips to find support in 3, 7, 11 swing for further upside.
FOREXCOM:XAUUSD
by Elliottwave-Forecast
1
Aussie Is Looking For Lower SupportAUD found some sellers this week and most likely after lower CPI figures reported from Australia which means that RBA is most likely going to be on hold. It's coming down from 0.68 after RBA did not change their rate decision. The recent recovery on Aussie from 2023 low looks corrective, thus it can belong to a bearish trend, especially if we also see a break beneath 0.6654 level. That said, we see this as wave 4 within wave (A) so more weakness can be coming soon.
by ew-forecast
Silver (XAGUSD) Breaks Higher & Forms Elliott Wave Bullish SequeSilver (XAGUSD) broke above the previous peak on 2.2.2023 high ($24.62). As a result, it now shows a bullish sequence from 9.1.2022 low favoring further upside. A 100% – 161.8% Fibonacci extension from 9.1.2022 low targets 26.91 – 31.23. Near term, cycle from 3.10.2023 low is in progress as a 5-waves nesting impulse Elliott Wave structure. Up from 3.10.2023 low, wave 1 ended at 22.71 and pullback in wave 2 ended at 22.12. The metal has resumed higher in wave 3 which subdivides into another 5 waves in lesser degree. Up from wave 2, the 1-hour chart below shows wave (i) ended at 23.52 and wave (ii) ended at 22.8. Wave (iii) ended at 24.15, wave (iv) ended at 23.54, and wave (v) ended at 24.19 which completed wave ((i)). Pullback in wave ((ii)) ended at 23.78. The metal extends higher in wave ((iii)) and expected to complete soon. Afterwards, it should pullback in wave ((iv)) in 3, 7, or 11 swing before it resumes higher. Near term, as far as pivot at 23.78 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
FOREXCOM:XAGUSD
by Elliottwave-Forecast
1