Get started

Oscillators

Bitcoin Stalls, But Chart Watchers Eye $300,000 Peak: Here's Whe Bitcoin, the world's leading cryptocurrency, has experienced a period of consolidation, leaving investors and analysts alike pondering its next move. While the price has stalled below the $105,000 mark, a confluence of factors, including popular predictive models and bullish sentiment from prominent crypto analysts, suggests that a significant surge could be on the horizon. The potential for Bitcoin to reach new all-time highs, possibly soaring to between $275,000 and $300,000 by October of this year, is fueling excitement and speculation within the crypto community. This article delves into the factors driving the bullish outlook for Bitcoin, examining the predictive models, analyst forecasts, and underlying fundamentals that support the possibility of a substantial price increase. We will explore the potential catalysts that could propel Bitcoin to new heights and analyze the technical indicators that chart watchers are monitoring closely. Predictive Models Point to a Massive Surge One of the primary drivers of the bullish sentiment surrounding Bitcoin is the existence of popular predictive models that suggest a massive price surge in the coming months. These models, often based on historical data, supply and demand dynamics, and other relevant factors, attempt to forecast the future price of Bitcoin with varying degrees of accuracy. One such model, which has gained considerable attention in the crypto community, points to a potential surge to between $275,000 and $300,000 by October of this year. While the specifics of this model are not explicitly detailed in the prompt, it is likely based on factors such as Bitcoin's scarcity, its increasing adoption as a store of value, and the potential for institutional investment to drive demand. It is important to note that predictive models are not foolproof and should not be taken as definitive guarantees of future price movements. However, they can provide valuable insights into potential scenarios and help investors make informed decisions. Analyst Forecasts: $159,000 This Cycle In addition to predictive models, bullish forecasts from prominent crypto analysts are also contributing to the optimistic outlook for Bitcoin. One analyst, in particular, has predicted that Bitcoin's price could reach $159,000 this cycle. While the specific methodology used by this analyst is not detailed in the prompt, it is likely based on a combination of technical analysis, fundamental analysis, and market sentiment. Technical analysis involves studying price charts and other technical indicators to identify potential trends and patterns. Fundamental analysis involves evaluating the underlying value of Bitcoin based on factors such as its adoption rate, network security, and regulatory environment. Market sentiment involves gauging the overall mood and expectations of investors in the crypto market. The analyst's forecast of $159,000 this cycle suggests a belief that Bitcoin is currently undervalued and that its price will eventually catch up to its intrinsic value. Bitcoin IS The Opt Out The phrase "Bitcoin IS The Opt Out" encapsulates a growing sentiment within the crypto community that Bitcoin represents a viable alternative to traditional financial systems. This sentiment is based on the belief that Bitcoin offers several advantages over traditional currencies and financial institutions: • Decentralization: Bitcoin is not controlled by any single entity, such as a government or central bank. This decentralization makes it resistant to censorship and manipulation. • Scarcity: Bitcoin has a limited supply of 21 million coins, which makes it a scarce asset. This scarcity is expected to drive its price higher over time as demand increases. • Transparency: All Bitcoin transactions are recorded on a public ledger called the blockchain. This transparency makes it difficult to engage in illicit activities using Bitcoin. • Security: The Bitcoin network is secured by cryptography, making it difficult to hack or tamper with. The belief that Bitcoin offers a viable "opt out" from traditional financial systems is driving increased adoption and investment in the cryptocurrency. BTC Price to $116K Next? 'Early Week' All-Time High The prospect of Bitcoin reaching $116,000 in the near future, potentially even achieving an all-time high early in the week, is further fueling bullish sentiment. This forecast, attributed to a Bitcoin trader, suggests that the cryptocurrency is poised to break out of its current consolidation phase and enter a new period of price discovery. The trader's forecast is likely based on technical analysis, identifying potential breakout patterns and momentum indicators that suggest an imminent surge in price. The expectation of an "early week" all-time high suggests a belief that the market is primed for a rapid and decisive move to the upside. Leaving the Tight Range Behind The statement that "Bitcoin is in line to leave its tight range behind in the coming days" suggests that the period of consolidation is nearing its end. A tight trading range typically indicates a period of indecision in the market, where buyers and sellers are evenly matched. However, such periods often precede significant price movements, as pent-up energy is released in one direction or another. The expectation that Bitcoin will leave its tight range behind suggests a belief that the balance of power is shifting in favor of buyers, setting the stage for a potential breakout to the upside. Retaking All-Time Highs and Pushing into Price Discovery The ultimate goal for Bitcoin bulls is to see the cryptocurrency retake its all-time highs and push into price discovery. Price discovery refers to the process of establishing a new price level for an asset when it breaks out of its previous range. When Bitcoin reaches a new all-time high, it enters a period of price discovery, where there are no historical resistance levels to impede its upward movement. This can lead to rapid and substantial price increases, as buyers are willing to pay higher and higher prices to acquire the asset. Potential Catalysts for a Bitcoin Surge Several potential catalysts could propel Bitcoin to new all-time highs and trigger a period of price discovery: • Increased Institutional Investment: As more and more institutional investors, such as hedge funds, pension funds, and corporations, allocate capital to Bitcoin, demand for the cryptocurrency is likely to increase, driving its price higher. • Regulatory Clarity: Greater regulatory clarity surrounding Bitcoin and other cryptocurrencies could remove a major source of uncertainty and encourage more investors to enter the market. • Mainstream Adoption: As Bitcoin becomes more widely accepted as a form of payment and a store of value, its adoption rate is likely to increase, driving demand and price appreciation. • Macroeconomic Factors: Macroeconomic factors, such as inflation, currency devaluation, and geopolitical instability, could drive investors to seek refuge in Bitcoin as a safe haven asset. Technical Indicators to Watch Chart watchers are closely monitoring several technical indicators to gauge the potential for a Bitcoin surge: • Breakout Patterns: Identifying potential breakout patterns, such as ascending triangles, cup and handle formations, and flag patterns, can provide clues about when Bitcoin is likely to break out of its current range. • Volume: Monitoring trading volume can help to confirm the validity of a breakout. A breakout accompanied by high volume is generally considered more reliable than a breakout accompanied by low volume. • Momentum Indicators: Momentum indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), can help to gauge the strength of a trend and identify potential overbought or oversold conditions. • Support and Resistance Levels: Identifying key support and resistance levels can help to anticipate potential price movements and set appropriate entry and exit points. Conclusion: Awaiting the Next Chapter in Bitcoin's Story Bitcoin's recent period of consolidation has left investors and analysts eager to see what the future holds. While the price has stalled below $105,000, a confluence of factors, including predictive models, analyst forecasts, and bullish market sentiment, suggests that a significant surge could be on the horizon. The potential for Bitcoin to reach new all-time highs, possibly soaring to between $275,000 and $300,000 by October of this year, is fueling excitement and speculation within the crypto community. Whether Bitcoin achieves these lofty targets remains to be seen, but the stage is set for what could be another exciting chapter in the cryptocurrency's story. As always, investors should conduct their own research, assess their risk tolerance, and make informed decisions before investing in Bitcoin or any other cryptocurrency. The journey ahead promises to be volatile, but the potential rewards could be substantial for those who are willing to navigate the risks.
BITSTAMP:BTCUSDLong
by bryandowningqln
1
EURJPY - Wave 5 Final Push? Time to Watch for Reversal🌀 EURJPY - Wave 5 Final Push? Time to Watch for Reversal 🚨 (Elliott Wave + AO Divergence + Fib Confluence) 📆 Date: May 19, 2025 📊 Pair: EUR/JPY ⏱️ Timeframe: 1H 🔍 Tools: Elliott Wave, Fibonacci Extension, Awesome Oscillator (AO) 🧠 Technical Breakdown We are currently tracking a textbook Elliott Wave impulsive decline, with price forming a clean 5-wave structure to the downside. The pair now seems to be completing Wave (5) — and several strong signals suggest that a bullish reversal might be imminent. 🔢 Elliott Wave Count ✅ Wave (1) to (4) are already completed. 🔻 Wave (5) has broken below the 2.618 fib extension — which confirms an extended fifth wave. 📉 Current downside target zone lies between the 4.236 – 4.786 extensions: 4.236: ~161.796 4.786: ~161.275 This blue box zone (161.80 – 161.27) is now a high-probability completion area for Wave (5). 📈 Awesome Oscillator (AO) – Bullish Divergence Detected AO shows a clear bullish divergence between Waves (3) and (5). Momentum is fading on the bearish side while price makes a new low — classic signal of potential trend reversal. 🎯 Trade Plan: Wait for Confirmation We’re not jumping in yet — but we’re close. ✅ What to Watch For: Let price reach the 4.236–4.786 fib zone (at minimum 161.796). Wait for a Break of Structure (BoS) — a clear break above a recent lower high (likely Wave 4). On the retest or pullback, look for long entry setups such as: Bullish engulfing candles Pin bar rejection MACD/AO flip Trendline breakout retest 🎯 Targets TP1: 162.80 – 163.50 (previous Wave 4 zone) TP2: 50% – 61.8% retracement of Wave (5) TP3: 164.40 – 165.20 (supply zone and structure confluence) 🛑 Stop Loss Idea Place SL below the 4.786 extension (~161.27) or beneath the new low formed, depending on your entry type (aggressive vs conservative). ⚡ Summary This setup brings multiple confluences together: ✅ Elliott Wave (5-wave completion) ✅ Fibonacci extension target zone ✅ AO bullish divergence ✅ Waiting for structure break for smart entry 💬 Let’s Talk Are you watching this setup too? Drop a 👍 or your analysis below — let’s grow together! ✅ Follow me for more clean setups using Elliott Wave, Divergence, and Price Action. 🔔 Hit the alert — EURJPY is cooking something! #EURJPY #ElliottWave #Forex #AO #BullishDivergence #FibExtension #PriceAction #WaveAnalysis #TradingSetup #ForexSignals
Long
by AwesomeOscDad
SGX Iron Ore: Evening Star Reversal Skews Risks LowerHaving completed a bearish reversal pattern and with bullish momentum starting to fade, traders should stay alert to the risk of renewed downside in SGX iron ore futures. A three-candle evening star has knocked the price back below $100 per tonne, putting the spotlight on the 50-day moving average for those eyeing potential bearish setups. A clean break below could invite fresh shorts, allowing for a stop to be placed above for protection. Former downtrend resistance from March 27 may now act as support, offering a potential target around $98 today. Beyond, $96 and $94.75 are levels of interest for those seeking greater risk-reward. While momentum indicators had swung bullish over the past week, that’s now starting to reverse. RSI (14) has broken its short-term uptrend, and MACD looks toppy. With modest volumes accompanying the reversal, patience is warranted. Good luck! DS
SGX:FEF2!Short
by FOREXcom
Is XRP About to Rebound? Bullish Signals EmergeXRP Flashes Bullish Signal: Technical Indicator Hints at Imminent Rebound – 100x Gains Coming? The Future Is Closer Than You Think—Analyst The cryptocurrency market is a volatile and often unpredictable space, where fortunes can be made and lost in the blink of an eye. Among the myriad of digital assets vying for attention, XRP, the cryptocurrency associated with Ripple Labs, has consistently been a topic of intense debate and speculation. While it has faced its fair share of challenges, including regulatory scrutiny and market fluctuations, XRP continues to hold the interest of investors and analysts alike. Recently, XRP has been displaying what some experts are interpreting as bullish signals, suggesting a potential rebound in its price. These signals are primarily derived from technical analysis, a method of evaluating assets by analyzing statistical trends gathered from trading activity, such as price movement and volume. One particular technical indicator is hinting at an imminent upswing, leading some analysts to predict significant gains for XRP in the near future. This article delves into the technical indicators flashing bullish signals for XRP, examines the factors that could contribute to a potential rebound, and explores the possibility of a 100x gain, a prospect that has captured the imagination of many XRP enthusiasts. Technical Indicators Pointing Towards a Rebound Technical analysis plays a crucial role in understanding potential price movements in the cryptocurrency market. Several indicators are currently suggesting a bullish outlook for XRP: 1. Moving Averages: Moving averages are commonly used to smooth out price data over a specific period, helping to identify trends. When a shorter-term moving average crosses above a longer-term moving average, it is often seen as a bullish signal, indicating that the price is likely to rise. XRP has recently exhibited this "golden cross" pattern on certain timeframes, suggesting a potential upward trend. 2. Relative Strength Index (RSI): The RSI is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of an asset. An RSI value below 30 typically indicates that an asset is oversold and may be due for a rebound. XRP's RSI has been hovering in oversold territory, suggesting that buying pressure could soon increase. 3. Fibonacci Retracement Levels: Fibonacci retracement levels are horizontal lines that indicate potential support and resistance levels based on the Fibonacci sequence. These levels are often used to predict where the price of an asset might find support during a downtrend or resistance during an uptrend. XRP has been testing key Fibonacci retracement levels, and a successful breakout above these levels could signal a significant price increase. 4. Chart Patterns: Technical analysts also look for specific chart patterns that can provide clues about future price movements. Some patterns, such as the "inverse head and shoulders" or the "double bottom," are considered bullish formations, suggesting that the price is likely to rise. XRP has been forming patterns that resemble these bullish formations, further supporting the possibility of a rebound. Factors Contributing to a Potential XRP Rebound While technical indicators can provide valuable insights, it is essential to consider the fundamental factors that could influence XRP's price. Several factors could contribute to a potential rebound: 1. Ripple's Ongoing Legal Battle with the SEC: The most significant factor weighing on XRP's price has been Ripple's legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC alleges that Ripple sold XRP as an unregistered security, a claim that Ripple vehemently denies. A favorable outcome in this case could significantly boost XRP's price, as it would remove a major source of uncertainty and regulatory risk. 2. Growing Adoption of XRP for Cross-Border Payments: Ripple has been actively promoting XRP as a solution for cross-border payments, touting its speed, efficiency, and low cost compared to traditional methods. Increased adoption of XRP by financial institutions and payment providers could drive demand for the cryptocurrency, leading to a price increase. 3. Expansion of Ripple's Ecosystem: Ripple has been expanding its ecosystem by developing new products and services that utilize XRP. These include RippleNet, a network of financial institutions that use Ripple's technology for cross-border payments, and On-Demand Liquidity (ODL), a service that allows businesses to use XRP to source liquidity for cross-border transactions. A thriving ecosystem could attract more users and investors to XRP, further supporting its price. 4. Overall Cryptocurrency Market Sentiment: XRP's price is also influenced by the overall sentiment in the cryptocurrency market. A positive market sentiment, characterized by rising prices and increased investor confidence, could lift XRP along with other cryptocurrencies. Conversely, a negative market sentiment could put downward pressure on XRP's price. The Possibility of a 100x Gain: A Realistic Scenario? The prospect of a 100x gain in XRP's price has captured the imagination of many investors. While such a gain is certainly possible, it is essential to approach this scenario with a healthy dose of skepticism and realism. To achieve a 100x gain, XRP's price would need to increase by a factor of 100 from its current level. This would require a massive influx of capital into XRP, driven by a combination of factors, such as a favorable outcome in the SEC case, widespread adoption of XRP for cross-border payments, and a significant increase in overall cryptocurrency market capitalization. While these factors are not entirely out of the realm of possibility, they are by no means guaranteed. The cryptocurrency market is inherently unpredictable, and unforeseen events could derail any potential rally in XRP's price. Analyst Perspective: The Future Is Closer Than You Think Despite the inherent risks and uncertainties, some analysts remain optimistic about XRP's future. These analysts point to the potential for XRP to disrupt the traditional cross-border payments industry, the growing adoption of Ripple's technology, and the possibility of a favorable outcome in the SEC case as reasons for their bullish outlook. One analyst, in particular, has stated that "the future is closer than you think" for XRP, suggesting that significant gains could be realized in the near future. This analyst believes that XRP is currently undervalued and that its price could surge once the regulatory uncertainty surrounding Ripple is resolved. Conclusion: Navigating the XRP Landscape XRP presents a complex and often contradictory picture. Technical indicators are flashing bullish signals, suggesting a potential rebound in its price. Factors such as Ripple's ongoing legal battle with the SEC, growing adoption of XRP for cross-border payments, and the overall cryptocurrency market sentiment could all play a role in determining XRP's future. While the possibility of a 100x gain is enticing, it is essential to approach this scenario with caution and realism. The cryptocurrency market is inherently volatile, and unforeseen events could impact XRP's price. Ultimately, whether XRP achieves its full potential remains to be seen. However, the recent bullish signals and the ongoing developments surrounding Ripple suggest that the future of XRP is closer than many might think. As always, investors should conduct their own research, assess their risk tolerance, and make informed decisions before investing in any cryptocurrency, including XRP.
BINANCE:ETHUSDLong
by bryandowningqln
XRP/USD – Bullish Reversal in Progress After Wave 5 Completion📊 XRP/USD – Bullish Reversal in Progress After Wave 5 Completion Timeframe: 1H Structure: Elliott Wave + Divergence + Break of Structure Indicators Used: Awesome Oscillator (AO), Fibonacci Retracement, Market Structure ⸻ 🧠 Wave Count & Structure Analysis We’ve just completed a clean 5-wave Elliott impulsive structure to the downside: • ✅ Wave 1–5 clearly marked with strong bearish momentum • ✅ Wave (3) and Wave (5) show bullish divergence on the Awesome Oscillator (AO) – a classic sign of weakening bearish momentum and potential reversal • ✅ Wave (5) completed at the bottom with confluence from price action and AO divergence ⸻ 🔁 Break of Structure & Confirmation • ✅ Break of structure (BoS) occurred at 2.35064, confirming the end of the bearish impulsive wave and the start of a potential ABC corrective phase • ✅ The BoS also coincides with a dominant structure break, giving higher confidence in the trend shift ⸻ 🟦 Current Price Action: ABC Corrective Wave Forming We’re now in the early stages of a bullish corrective wave (ABC): • 🔹 Wave A has likely completed • 🔹 Currently expecting a retracement to form Wave B • 🔹 Wave C target is projected based on Fibonacci extensions between 1.618 to 1.88, offering a high-probability take-profit zone (TP1) ⸻ 🎯 Trade Setup Pending Buy Entry: • 📍 Entry Zone: Fibonacci retracement between 0.382 – 0.618 of Wave A • 🎯 TP1: Fibonacci extension of Wave C between 1.618 – 1.88 • ❗ SL: Just below Wave (5) low or below 0.618 zone, depending on risk tolerance ⸻ 🧩 Confluences for Bullish Setup • ✅ Elliott Wave completion (Wave 5) • ✅ Bullish Divergence on AO • ✅ Break of Market Structure (BoS + Dominant BoS) • ✅ Retracement into Fibonacci golden zone (0.382–0.618) • ✅ Measured C wave extension to 1.618–1.88 ⸻ 📝 Summary The market has shown strong technical signals for a bullish corrective move after a clean Elliott 5-wave completion. With a confirmed divergence, break of structure, and upcoming ABC retracement, this setup offers a solid risk-to-reward opportunity. Watching the buy zone closely for a pending long trigger. ⸻ 🔔 Disclaimer: This is not financial advice. Always conduct your own analysis and manage your risk accordingly.
BITSTAMP:XRPUSDLong
by AwesomeOscDad
OMI - go long with Coliseum Capital Management LLCOwens and Minor we have some technical reasons here. 1. RSI divergence on the weekly chart: 2025 Februar and April made a doubla bottom formation, with higher RSI in April 2. $6.88 is a year S1 pivot level 3. At $14.1 is a gap wacthing us, promising a 100% upside potential Fundamental reasons: 1. The whole healthcare sector is down because US government, can be a good contrarian play for 2025 or 2026 2. This spring, Coliseum Capital management bought around 4M Shares, and now holding 31% of the company. The share price can decline further, breaking the $6.0 level for a short period of time. But it didn't happened in the April panic. $ 5.89 can be a good stop-loss level alltough if you can handle -18% loss. But i'm waiting for upside momentum in OMI.
NYSE:OMILong
by totifex
Understanding Williams %R In TradingThe Williams %R is a fast, sensitive momentum oscillator ideal for short-term trading strategies. It provides early signals of overbought and oversold conditions by comparing the current close to the high-low range over a defined lookback period (typically 14 bars). By understanding where Williams %R fits among other oscillators, traders can better utilize it within a well-rounded, context-aware strategy. ✅ 1. What Are Momentum Indicators? Momentum indicators are technical analysis tools used to measure the speed and strength of a price movement over time. Rather than focusing on absolute price direction, momentum indicators assess how quickly prices are changing and help traders identify potential turning points, continuation patterns, or overbought/oversold conditions. They are particularly useful in sideways or ranging markets, where momentum shifts often precede breakouts or reversals. Key characteristics of momentum indicators: Often bounded within fixed ranges (e.g., 0–100 or -100 to 0) Typically leading indicators, aiming to provide early entry/exit signals Help spot divergence between price and momentum — a common sign of weakening trends ✅ 2. Understanding the Williams %R Indicator ≫ The Origin: Developed by Larry Williams The Williams %R indicator was developed by Larry Williams, a renowned trader and author, in the late 1970s. Williams introduced this tool to identify potential market turning points by measuring a security’s momentum relative to its recent high-low range. Originally intended for short-term futures trading, the indicator has since become a staple for both day traders and swing traders across various markets, including stocks, forex, and crypto. Larry Williams famously used this indicator in his trading system when he won the 1987 World Cup Trading Championship, turning $10,000 into over $1 million in a single year—demonstrating its real-world impact when used effectively. ≫ Formula Breakdown The Williams %R formula is as follows: Williams %R= = (HighestHigh − Close) / (HighestHigh - LowerLow) × −100 Highest High = The highest price over the lookback period (typically 14 periods) Lowest Low = The lowest price over the same lookback period Close = The current closing price This formula normalizes the current price within its recent trading range and expresses it as a negative percentage between 0 and -100. Example: If price is at the highest point in the range → %R = 0 (overbought) If price is at the lowest point in the range → %R = -100 (oversold) This inverted scale (compared to RSI) helps traders see how close the current price is to the top or bottom of the recent range, providing clues about potential reversal zones. Williams %R in Pinescript: //@version=5 indicator("Custom Williams %R", overlay=false) length = input.int(14, title="Period") highestHigh = ta.highest(high, length) lowestLow = ta.lowest(low, length) williamsR = (highestHigh - close) / (highestHigh - lowestLow) \* -100 plot(williamsR, title="%R", color=color.purple) hline(-20, "Overbought", color=color.red) hline(-80, "Oversold", color=color.green) ≫ Key Settings: 14-Period Default and Customizations The default setting for Williams %R is 14 periods, which Larry Williams originally recommended. However, this lookback period can be customized based on your trading style and timeframe. Here’s how different settings can be applied: ❖ Intraday Trading (5-minute to 15-minute charts): Use a 9 to 14-period setting for faster, more responsive signals. Ideal for scalpers or short-term traders seeking quick entries and exits. ❖ Swing Trading (1-hour to Daily charts): Stick with the standard 14 to 21-period range. Balances sensitivity and reliability; helps capture short- to mid-term reversals. ❖ Position/Long-Term Trading (Weekly charts or higher): Use 21-period or longer to smooth out signals and reduce noise. Best for spotting high-conviction turning points with less frequent trades. 🔁 Customization Tip: You can also use multiple %R settings (e.g., 14 and 50) together to analyze short-term momentum inside longer-term trend cycles, adding depth and context to your strategy. ≫ Interpretation: Overbought and Oversold Conditions The Williams %R scale ranges from 0 to -100 and is interpreted as follows: ❖ Overbought: %R above -20 Indicates that price is near the top of its recent range Suggests potential for a pullback or reversal downward ❖ Oversold: %R below -80 Indicates price is near the bottom of its recent range Suggests potential for a bounce or reversal upward ⚠️ Important: Overbought does not mean “time to sell” and oversold does not mean “time to buy.” These are conditions, not signals. Use them with confirmation tools like support/resistance zones, candlestick patterns, volume analysis, divergences and more. ✅ 3. Using Williams %R Effectively ≫ Entry Signals Williams %R can be used to time entries based on shifts in momentum, especially around key overbought and oversold zones. ❖ Overbought/Oversold Reversals This is the most common use of Williams %R - identifying turning points when price reaches extreme levels in its recent range: Overbought Zone (above -20): Signals potential bearish reversal Look for confluence with resistance levels or bearish candlestick patterns Confirmation often comes as %R drops back below -20 Oversold Zone (below -80): Indicates a possible bullish reversal Stronger when aligned with support or demand zones Confirmation often comes when %R climbs back above -80 ⚠️ Note: These are signals of potential exhaustion, not guaranteed reversals. Always pair with price action context or volume. ❖ Pullback Continuations Williams %R can also support trend-following strategies by identifying momentum retracements within an ongoing trend: In an uptrend, wait for Williams %R to dip below -80 (short-term oversold) and then re-enter above -80 as the trend resumes In a downtrend, look for a rally where %R rises above -20 (short-term overbought), then re-enters below -20 to confirm trend continuation This technique helps you buy the dip or sell the rally with better timing and risk control. ≫ Exit Signals Williams %R can also guide exit timing by showing when momentum is weakening, especially as price moves away from extremes. ❖ Returning to Neutral Zones When Williams %R moves back toward the -50 midpoint, it can signal that the current move is losing steam. In a long position, if %R returns from oversold to above -50 but then flattens or dips again, it may be time to take profit In a short position, if %R rises from overbought back below -50, it suggests selling pressure is decreasing Exiting before full reversals can help you lock in gains while reducing risk exposure. ❖ Crossovers at Extremes Some traders look for quick crossovers back through key thresholds (-80 and -20) as exit or reversal alerts: If %R drops from above -20 back below it, the overbought condition may be ending If %R rises from below -80 back above it, the oversold condition may be ending These sharp shifts often precede momentum flips, making them useful for both exit timing and new trade setups in the opposite direction. ❖ False Signal Filtering Techniques Williams %R can produce false signals, especially in trending or volatile markets. To improve signal quality, consider these filters: Use with Trend Filters: Apply moving averages (e.g., 50- or 200-period MA) to define trend direction and avoid counter-trend trades Only trade overbought signals in a downtrend and oversold signals in an uptrend Add Price Action Confirmation: Look for candlestick patterns (e.g., engulfing, pin bars) or support/resistance reactions before acting on %R signals Volume Analysis: Confirm signals with volume spikes or divergences to validate strength or weakness in a move Multiple Timeframe Confluence: Use Williams %R on a higher timeframe (e.g., 4H or daily) to establish the broader context, then align trades on a lower timeframe Avoid during High Volatility Events: News releases and earnings reports can create erratic spikes that cause misleading %R readings ❖ Best Market Conditions: Ranging vs Trending Markets Williams %R performs best under specific market conditions. Understanding when to use it—and when to avoid it—is key to success. Ranging Markets: Ideal Conditions Williams %R excels in sideways or consolidating markets In ranges, price frequently oscillates between support and resistance, making overbought/oversold signals highly effective Reversals from the -20 or -80 zones often align with the top and bottom of a trading range Trending Markets: Use With Caution During strong trends, Williams %R can stay in the overbought or oversold zone for extended periods This makes reversal signals less reliable and more prone to false exits In trending conditions, it’s better to: Use Williams %R for pullback entries Combine it with a trend filter to stay on the dominant side of momentum ✅ 4. Optimizing the Period Setting (5, 9, 14, 21, etc.) The length of the lookback period in Williams %R significantly affects signal behavior: Shorter periods (5, 9): Produce faster, more frequent signals Best for scalping and intraday trading More sensitive but can result in higher noise and false signals Default period (14): Balanced responsiveness Suitable for swing trading and multi-hour charting Longer periods (21+): Generate fewer but more stable signals Best for position trading or slower-moving markets Reduced noise but may lag in volatile conditions 🔍 To optimize: Test various period values under consistent rules (e.g., entry/exit and risk management stay the same) Compare outcomes across different market environments (trending, ranging, volatile) ✅ 4. Key Takeaways Williams %R is a momentum oscillator that measures the close relative to the recent high-low range on a scale from 0 to -100. It was developed by Larry Williams to help identify short-term overbought and oversold market conditions. A reading above -20 suggests overbought conditions, while a reading below -80 indicates oversold conditions. The default 14-period setting balances signal responsiveness and stability for most traders. Shorter periods generate faster signals with more noise, while longer periods produce smoother signals with more lag. Williams %R works best in ranging or sideways markets rather than strongly trending environments. Traders can use %R for reversal signals or to confirm pullbacks within a broader trend. Filtering signals with price action, support/resistance, or volume improves accuracy. The indicator is not meant to be used in isolation and requires confirmation before acting on signals. Backtesting across different timeframes and period settings is essential for identifying optimal usage. Performance metrics such as win rate, R:R ratio, and drawdown help evaluate the indicator’s reliability. Williams %R is easy to code and automate in platforms like TradingView using Pine Script. The indicator adds value when used as part of a broader, disciplined trading system. Williams %R is a simple yet deeply insightful momentum oscillator. While often overlooked in favor of more complex indicators, it provides a unique lens into market sentiment and price extremes. Its greatest strength lies in its clarity — helping traders time entries and exits with greater confidence when paired with context.
Education
by CandelaCharts
XAUUSD M15 Analysis – Wave 3 in Progress with Momentum Sell Conf🔍 Technical Breakdown: The M15 chart has completed a 5-wave impulsive decline, followed by a clear ABC corrective structure. Price has now broken below the (B) wave low, suggesting the beginning of Wave 3 to the downside. A bearish sell zone is identified between 3208 – 3215, which aligns with previous structure and Fibonacci retracement levels. The Awesome Oscillator (AO) has printed a fresh red histogram bar, confirming a momentum sell signal—perfect timing for Wave 3 initiation. 🎯 Trade Setup: Sell Limit Zone: 3208 – 3215 (shaded red area) Stop Loss: Just above Wave (C) high or around 3218 Take Profit Zone: Targeting the 1.618 Fibonacci extension (~3180 area) 📌 Confluence Factors: Elliott Wave structure supports the Wave 3 sell. AO confirms bearish momentum returning after correction. Strong rejection expected from previous structure zone (supply area). ⚠️ Risk Note: Wave 3 often brings strong movement—stay disciplined with stop placement and position sizing. 💬 This setup is clean and supported by momentum tools—wait for a pullback into the zone and let price action confirm before entering.
FOREXCOM:XAUUSDShort
by AwesomeOscDad
GBP/USD: Bull Flag Watch as Momentum Builds for Topside BreakGBP/USD traders should be on alert for a potential topside break, with price action resembling a bull flag formation. Downtrend resistance comes in near 1.3340 today—a key level to watch for those considering bullish setups. A break above that trendline would shift focus to the April 29 high at 1.3444. If cleared, there's not much standing in the way until 1.3644. Momentum signals are also starting to turn more constructive, with the 14-day RSI breaking its recent downtrend and MACD curling back towards the signal line above zero. Taken together, the setup favours buying dips and trading in line with any upside break. Good luck! DS
Long
by FOREXcom
EURJPY H1 Analysis – Wave 4 Retracement in Play🕐 Timeframe: 1H 📅 Updated: 17 May 2025 📌 Pair: EURJPY ⸻ 🔍 Technical Outlook: • Price is in a clear bearish trend, respecting lower highs and lower lows. • Awesome Oscillator (AO) shows bearish convergence — momentum is weakening but still bearish overall. • Price retraced to the 2.618–2.786 extension zone (162.902–162.982), a common wave 4 reaction level. • This zone may act as a rejection area, setting up for the start of wave 5. ⸻ 🔧 Elliott Wave Structure: • ✅ Wave 1–3: Completed with strong bearish momentum. • 🟡 Wave 4: Likely completed at 162.982 or may slightly extend, but momentum is fading. • 🔴 Wave 5: Expected next move — continuation to the downside. ⸻ 📍 Key Levels: • 🔺 Wave 4 Resistance Zone: 162.902–162.982 • 🔻 Potential Wave 5 Target: • 🎯 TP1: 162.000 • 🎯 TP2: 161.835 (Fib 4.236 extension) • 🎯 TP3 (Extension): 161.50 or lower if selling accelerates ⸻ 🧠 Strategy: 1. Monitor price action at 162.982 — if rejected, likely wave 4 completed. 2. Look for bearish engulfing / momentum candles for entry signal. 3. Short Setup Idea: • Entry: Below 162.88–162.90 after confirmation • SL: Above wave 4 high (163.12 or tighter at 163.00) • TP: 100+ pip potential — trailing to lock profit ⸻ ✅ Summary: • AO confirms bearish convergence → weak momentum • Price hit Fib confluence zone → wave 4 likely done • Wave 5 could give 100+ pips to the downside • Wait for confirmation, then short the breakdown
Short
by AwesomeOscDad
USDJPY to continue uptrendUSDJPY is forming has broken out of the downward channel and formed a new upward channel/trend. Expect a break of the trendline around 145.850 and continue upward from area of support to resistance zone/are of interest at 150.734. This resistance area extends all the way back to 10/2023 and appears quite strong. The 1h chart is also showing a potential crossover of the RSI/RSI EMA. The ADX is falling, the DMI is divergent. The MACD is divergent and downward momentum is slowing. 15/5/2025 0226 PDT
Long
by A-ronRS
EUR/USD – Bullish Wave 3 in Play | AO Convergence + Fib Target PPair: EUR/USD Timeframe: 15-Minute Date: May 15, 2025 🧠 Technical Breakdown: This analysis focuses on a clean impulsive Elliott Wave structure, Fibonacci projections, and Awesome Oscillator (AO) confirmation to support a bullish continuation. 🔍 Wave Count: Wave 1: Clear impulsive push upwards, breaking previous market structure. Wave 2: Completed corrective pullback into the key support zone, respecting the golden ratio levels. Wave 3: Initiated after a dominant break above the minor structure and trendline resistance, confirming bullish momentum. ⚙️ AO (Awesome Oscillator) Confirmation: Strong AO divergence between the Wave 1 and Wave 2 low confirms the bullish structure. Within the early stage of Wave 3, the AO shows a convergence pattern forming between subwaves 1, 2, and 3 — indicating strengthening bullish momentum. AO flipped green again after a minor pullback, signaling bullish continuation potential. 🎯 Fibonacci Extensions: TP1 Zone: 1.618 – 1.88 Fibonacci extension range → 1.1216 – 1.1226 (High probability for Wave 3 termination) TP2 Zone: 2.618 – 2.88 Fibonacci extension range → 1.1241 – 1.1258 (Extended target if bullish momentum accelerates) Further projections (Wave 5 estimate): 4.236 – 4.618 → 1.1276 – 1.1288 🧱 Key Structural Zone: 1.11813 is the most critical support-turned-resistance (SNR) level — price broke above this level, retested, and bounced. The green highlighted box marks the ideal buy zone, aligned with: Dominant break confirmation Fibonacci confluence Bullish AO setup ✅ Trade Plan: Entry: On retest or bounce from the green zone Stop Loss: Below 1.11800 or below Wave 2 low (to protect structure) Take Profit 1: 1.1216 – 1.1226 Take Profit 2: 1.1241 – 1.1258 Optional TP3 (extended): 1.1276 – 1.1288 (Wave 5 projection) 🧭 Summary: This setup combines Elliott Wave theory, Fibonacci projections, and AO convergence to provide a highly probable bullish continuation scenario. Ideal for breakout traders and structure-based wave analysts. 📌 “Confluence is key. Let structure, momentum, and fibs guide the trade.” #EURUSD #ElliottWave #Wave3 #AOIndicator #ForexAnalysis #Fibonacci #PriceAction #FXTrading #StructureBreak #TechnicalAnalysis
Long
by AwesomeOscDad
EUR/AUD: Resistance Test Coincides with Rising Risk AversionRiskier asset classes are starting to wobble following the sharp rebound from April’s lows. With signs the correlation between U.S. bonds and the dollar is strengthening again, it suggests the ‘sell America’ trade may be creeping back into favour—potentially an environment where the euro outperforms higher beta currencies. With EUR/AUD testing horizontal resistance, it creates a setup that may suit the current environment. If it can hold above 1.7420 heading into the European open, you could look to establish longs above the level with a stop beneath for protection. The 50-day moving average and resistance at 1.7600 screen as potential targets. Momentum indicators have shifted bearish, so the setup is marginally going against the grain. If EUR/AUD is unable to hold 1.7420, better setups may be found elsewhere. Good luck! DS
Long
by FOREXcom
Going Short on BitcoinBINANCE:BTCUSDT Bitcoin has moved up strongly in the last 5 weeks in a 5-wave up move, which is very bullish long term. However, after a 5-wave move, there is usually a 3-wave corrective move to the opposite direction. The most common target will be the Golden Pocket, which is between the 61.8% Fibonacci Retracement and the 78.6% Fibonacci Retracement. Which would be between $86,500 USDT and $81,200 USDT. This move will probably take several weeks, probably between 2 and 4 weeks, before it resumes to the upside. Another point to consider is that the RSI indicator has reached overbought levels, above the 70 level. I would like to see it near oversold levels, 30 level, before considering going long. I hope you find this interesting. Good luck to you
Short
by Raul_Dominguez
EUR/USD – Wave 3 in Play After Dominant Break | Elliott Wave + A📌 Overview: EUR/USD is showing a strong bullish continuation setup following a clean Wave 1-2 formation, confirmed by both structure and momentum. A dominant trendline break, retest at support, and bullish signals from the Awesome Oscillator (AO) reinforce this high-probability buy scenario. 🧠 Elliott Wave Count: Wave 1: Strong impulsive move up with solid structure. Wave 2: Healthy correction into the 61.8% Fibonacci retracement zone. Wave 3: Now initiating, expected to be the strongest leg. 🔍 Confluence Factors: ✅ Dominant Break: Price broke a descending trendline from Wave 1’s high, then retested it successfully at the green zone. ✅ 1.11813 marked as key SNR (Support & Resistance) — price is holding above it post-break. ✅ Green highlighted area = ideal buying zone aligned with: Demand zone Fibonacci golden zone Structure support ✅ Awesome Oscillator (AO): Bullish divergence between Wave 1 and Wave 2 AO histogram flipped back green = early momentum confirmation 💼 Trade Plan: Buy Entry: Green zone (post-dominant break + SNR support) Stop Loss: Below green zone / invalidation of structure Take Profit 1: 1.618 – 1.88 Fib extension → 1.1216 – 1.1226 Take Profit 2: 2.618 – 2.88 Fib extension → 1.1241 – 1.1258 🎯 Strategy Notes: Take partial profits at TP1 to reduce risk. Let the remainder of the position run to TP2 for potential extended Wave 3. Monitor AO and candle behavior near TP1 — possible Wave 4 may form afterward. 📈 Layered confirmation = high confidence. Trade the confluence, not the emotion. #EURUSD #ElliottWave #Wave3 #AO #ForexStrategy #Fibonacci #StructureBreak #SupportResistance #TechnicalAnalysis
Long
by AwesomeOscDad
XAUUSD (Gold Spot / U.S. Dollar) - Elliott Wave Count & Bullish 🌟 XAUUSD (GOLD/USD) ANALYSIS: ELLIOTT WAVE + BULLISH AO DIVERGENCE 🌟 🌊 ELLIOTT WAVE STRUCTURE • 🐻 Wave (1): Sharp decline from 3,440.00 → 3,400.00 • ⚖️ Wave (2): Shallow retracement to 3,440.00 (classic Wave 2 correction) • 📉 Wave (3): Extended drop to 3,350.00 (strongest bearish wave) • ➰ Wave (4): Sideways consolidation near 3,400.00 (Fibonacci-aligned) • 🎯 Wave (5): Final leg down to 3,184.58 (completes 5-wave impulse) 🔄 CURRENT PHASE: Potential ABC correction forming between 3,184.58 and 3,140.00, signaling reversal! ⸻ 📈 BULLISH AO DIVERGENCE • 🔽 Price Action: Wave 5 made a LOWER LOW (3,184.58 vs. Wave 3’s 3,350.00) • 📊 AO Momentum: Awesome Oscillator formed a HIGHER LOW (-60.00 vs. -100.00) • 💡 Interpretation: Bearish exhaustion → Reversal ahead! ⸻ 🎯 KEY LEVELS & STRATEGY • 🛡️ Support: 3,140.00 - 3,112.50 (must hold for bulls) • 🚀 Resistance: 3,200.00 (psych level) → 3,230.00 - 3,270.00 • ✅ Entry Trigger: Close above 3,200.00 🚨 or bullish candlestick (e.g., hammer 🕯️) • 🎯 Targets: 3,270.00 (initial) → 3,350.00 (secondary) • ⚠️ Stop Loss: Below 3,112.50 (risk management!) ⸻ 📜 CONCLUSION • 🐂 Bullish Case: 5-wave completion + AO divergence → Reversal likely above 3,200.00 • 🚫 Invalidation: Drop below 3,112.50 kills the setup ⸻ 💬 CTA: “LIKE if you spot the divergence! 🚀 Share your thoughts below ⬇️” ⚠️ DISCLAIMER: Not financial advice. Trade responsibly. ⸻ 🏷️ TAGS: #XAUUSD #GOLD #ELLIOTTWAVE #AO #DIVERGENCE
FOREXCOM:XAUUSDLong
by AwesomeOscDad