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Wave Analysis

xauusd 15mThe chart you've provided is a 15-minute candlestick chart for Gold Spot/USD (XAU/USD). Here's a breakdown of the technical analysis visible: Key Elements in the Chart: 1. Downtrend Line (Yellow): The yellow descending trendline indicates a short-term downtrend that has been broken to the upside, suggesting a potential reversal. 2. Register Point (Pink Zone): This area represents a support zone where price has repeatedly bounced off. It's acting as a strong demand zone. 3. Breakout: Price action shows a breakout above the descending trendline, implying bullish momentum. 4. Price Levels: 1st Level (Blue Line at 3,310.311): First resistance or potential take-profit area. Target Level (Green Box ~3,330 area): Final target level for the bullish move. 5. Arrows: Green arrow suggests a projected upward movement. Black arrow implies the bullish path after the breakout from the register point. Interpretation: Bullish Setup: The chart suggests a bullish outlook, expecting a move toward 3,310.311 and possibly 3,330. Confirmation: A close above 3,310.311 would further confirm bullish momentum. Risk Zone: A drop below the “register point” (~3,288 area) might invalidate the bullish setup. Strategy Insight: Entry: Around the breakout area (~3,301–3,304). Stop-loss: Below the register point (~3,288). Targets: First at 3,310, final at 3,330. Would you like help calculating potential risk/reward or exploring possible entry strategies based on this chart?
OANDA:XAUUSDLong
by Rich_trader01
Bitcoin - Bearish double top or bullish cup and handle ?As CRYPTOCAP:BTC reached a new high, we got a clear double top setup unfolding. The question is now how this will unfold ? Honest answer : We can't know as price can unfold in many different patterns from here. For now , we have to respect the bearish double top setup and therefore remain bearish on this as long as price is below 109.600$ . BUT seen the somewhat good general market context for now and the potential for a surge in bitcoin demand, we have to be open to the possibility to turn bullish here when possible. A double top setup can easily turn into a cup and handle setup, that means we could see price consolidate some more before rising again. But for that to happen, we need price to hold some key support levels , which for now is the 20day EMA in green on my chart. IF the 20dEMA is broken, we can simply look for the 50dEMA in black as the next potential support zone. Also, from an Elliott Wave perspective, it's quite simple, if price move above the 78.6% Fibonacci retracement level, although not always, more often than not we see price go up to the 127.2% and 138.2% levels around 120K here. So, what can we do from here ? For the bulls ? Simple, stay out and only look for setups on key support as mentioned above, for now you can use the 20dEMA for a small long entry with a very tight stop. For bears ? Respect the short side as long as possible and use the support zones for profit taking and if support breaks look for new entries or to add to your positions if you want to be more aggressive.
by ElliottWaveBelgium
btcusd 15mThe chart you've shared is a 15-minute candlestick chart of Bitcoin (BTC) against Tether (USDT) on Binance, showing a descending trendline with multiple rejections and a support zone highlighted in red. Key Observations: 1. Descending Trendline: Price has been rejected from the trendline multiple times (indicated by orange circles and red arrow). Suggests a bearish pattern or selling pressure on every rally attempt. 2. Support Zone (Red Box): Strong buying interest around 104,800 – 105,000 level. Price has tested this zone a few times and bounced back. 3. Potential Scenarios (Illustrated): Bullish Scenario (Green Path): A breakout above the descending trendline may lead to a short-term upward move. Bearish Scenario (Black Arrow): Rejection at the trendline could result in another drop toward the red support zone, possibly breaking below it. Technical Implication: This setup resembles a descending triangle, typically a bearish continuation pattern. A breakdown below the red support zone could confirm this, leading to a stronger downward move. Conversely, a clean breakout above the trendline would invalidate the bearish setup and could shift sentiment. Let me know if you’d like help identifying entry/exit points, setting alerts, or understanding risk management for trading this setup.
Long
by Rich_trader01
NZDUSD Trading Opportunity! BUY! My dear friends, NZDUSD looks like it will make a good move, and here are the details: The market is trading on 0.5954 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.5969 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
XAU/USD a lower high with projections of a bearish continuationTechnical Features Highlighted 1. Market Structure The chart displays a clear Elliott Wave-style labeling of market swings (impulse and correctional waves), marked with circular nodes. A Double Bottom (or possible reversal zone) is seen around the $3,160 level, marked with a blue circle labeled "DS". Price is currently in a corrective structure, potentially forming a lower high with projections of a bearish continuation. 2. Key Zones Identified Resistance Zone: Around $3,313 to $3,328 (highlighted in green). Support Zone: Around $3,100 to $3,160 (highlighted in red at the bottom). Fair Value Gap (FVG): An imbalance zone is marked between earlier bullish impulsive candles, indicating potential for price to revisit and fill this inefficiency. 3. Trend & Projection The overall structure suggests a potential bearish trend, with price likely to continue lower after a minor pullback. The final price projection arrows suggest a target near or below the $3,160 level, possibly aiming for $3,100 or lower. --- Indicators and Tools Manual Markings: The chart features extensive use of drawing tools—trendlines, projection arrows, and boxes—to illustrate price movement patterns. No active indicators (like RSI, MACD, or Moving Averages) are shown, indicating a price action-based strategy. --- Conclusion This chart illustrates a methodical price action analysis of gold, leveraging market structure, support/resistance levels, and imbalances (FVGs) to anticipate a bearish move in the short term. The trader seems to be preparing for a short setup with a potential target near previous lows.
TVC:GOLDShort
by Johnson67
Was This Week's Move in USD/JPY Just a Correction?This week’s bounce in USD/JPY may have caught some traders off guard—but when viewed through the lens of the Elliott Wave Principle, the price action appears to be corrective rather than impulsive. 🧩 The Evidence: A 3-Wave Move According to the wave structure: The recent move up unfolded in 3 waves, labeled as an ABC correction. Wave C terminated near the 100% Fibonacci extension of Wave A (~146.189), which is a classic ZigZag ratio. Additionally, there was a clear MACD divergence between price and momentum as Wave C completed—a common sign that the move is running out of steam and that the wave is likely terminal. These clues all point to the idea that the rally was corrective, not the start of a new impulsive trend. 📉 What Comes Next? If this count is correct: USD/JPY may have completed Wave (ii) of a new downward impulse. The next move could be the start of Wave (iii)—typically the most aggressive and directional wave in a 5-wave decline. ✅ Trigger Level: A break below the B wave low would act as a technical confirmation of the downtrend resuming. This would be a green light to look for short setups, depending on the strategy each trader follows—whether that’s pattern-based, indicator-confirmed, or structure-driven. 🔁 Alternate Scenario: If this isn't the start of Wave (iii), the alternate count would suggest a more complex corrective combination (such as a double three). However, even in that scenario, the short-term direction is still likely downward. 🧠 For Beginners: Elliott Wave theory breaks price into 5-wave trends and 3-wave corrections. A ZigZag correction (ABC) is made up of a sharp Wave A, a pullback in Wave B, and a final move up in Wave C. Wave C often shows momentum divergence (MACD diverging from price), signaling that the move may be exhausting. When C = A, especially with divergence, it’s often a sign the correction is ending. 📌 Summary: USD/JPY’s rally appears to be a corrective ABC structure. Wave C rejected at the 100% extension of A, with MACD divergence confirming weakening momentum. A break of the B wave low could confirm that Wave (iii) down is underway. Even in the alternate count, near-term downside is still favored. 💬 Got a Favorite Chart You’d Like Analyzed? If there’s a forex pair, crypto, or stock you’d like me to break down using Elliott Waves, leave a comment below and I’ll feature it in an upcoming post from Real Wave Trader.
Short
by RealWaveTrader-
IPAK LONG TRADEIPAK LONG TRADE IPAK has been in downward channel since its inception in PSX. If it breaks and closes above 22.1, it will cause CHoCH to Bullish. Buying is at CP and Buying Zone as below. Targets have been calculated through measured move. 🚨 TECHNICAL BUY CALL –IPAK 🚨 🎯BUY1: Rs. CP(22.25) and 21.1-22.1 📈 TP1 : Rs. 24.1 📈 TP2 : Rs. 26.3 🛑 STOP LOSS: BELOW Rs. 20 (Daily Close) 📊 RISK-REWARD: 1:5 Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions. PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
PSX:IPAKLong
by Mushtaque77
X1: GOLD/XAUUSD Long Trades Risking 1% to make 1.5%X1: #XAUUSD/#GOLD Long Trades GOLD/XAUUSD Long for day trade, with my back testing of this strategy, it hits multiple possible take profits, manage your position accordingly. Risking 1% to make 1.5% Note: Manage your risk yourself, its risky trade, see how much your can risk yourself on this trade. Use proper risk management Looks like good trade. Lets monitor. Use proper risk management. Disclaimer: only idea, not advice
OANDA:XAUUSDLong
by MuhammadTrades
1
Scale out before this POPSWhen the mainstream media was telling you that China was not investable, I was working hard on my TA and buying positions. I consider myself a contrarian investor, this is where the best opportunities present themselves. If you follow my trades here you will know I had called out the start of the new bull run in the Hong Kong exchange, or the dead-cat bounce spending on how you look at it, very early on. I took the basket approach on a handful of Chinese names. Namely Alibaba, BYD, Tencent, Baidu and Pop Mart. This worked out very well for me (except Baidu) but nothing better than Pop Mart, unfortunately the smallest position of the lot. So why a Chinese toy company? If you have children into the latest and hottest toys, I suggest you look into the parent company. This particular company had a beautiful chart as it had broken the end of the downtrend, along with a reclaim of the POC. What followed was a gargantuan 1000% rise. I have taken 50% off the table today as I see this as the final wave of the Wave 5 supercycle. I do think this still has legs and profits will continue to soar for the next quarter or two, but I’m not greedy, this has exceeded my expectations and then some. So I have started to scale out, this is the way. Not financial advice, do what’s best for you
HKEX:9992
by NoFOMO_
COOLING PCE – GOLD REBOUNDS ON EXPECTATIONS OF FED POLICY EASINGIf the upcoming PCE report shows that inflation continues to cool or comes in below expectations (e.g., core PCE under 0.2% m/m), this could reinforce market expectations that the Federal Reserve (Fed) may have room to begin cutting interest rates sooner—potentially as early as September instead of year-end. This would weaken the US dollar and push down Treasury yields, both of which typically support gold prices, as the opportunity cost of holding non-yielding assets like gold decreases. Short-term forecast: Gold may rebound to the $3,330 – $3,340/oz range. A breakout above the psychological resistance level of $3,345 could signal a medium-term uptrend. Trading volume is likely to rise as ETF funds begin accumulating positions again. Suggested strategy: Buy XAUUSD around the 3310 – 3313 area Stoploss: 3300 Take Profit 1: 3325 Take Profit 2: 3335 Take Profit 3: 3345
OANDA:XAUUSD
by Henrybillion
Nifty Might give 2 % Correction in Short TermWhy are we expecting Short Term Correction near 24200-24300 why? 30 August 2024 volume 638.13 million 25 November 2024 volume 687.13 million 28 May 2025 Volume 684.74 million No.1 In near term past whenever a red or Doji candle forming on daily chart volume traded above 680 million, we had seen around 2 -3 % fall. No.2 strong 50 EMA support No.3 Nifty want to fill gap No.4 Double Top Near 25000 level This analysis is based on daily Chart, it's just assumption pls trade on your own Risk
NSE:NIFTYShort
by rahul25
Gold awaits tariff volatility！ 📌 Driving Events Gold rebounded from a weekly low near $3,245 and broke through the $3,300 mark on Thursday, boosted by optimism following a weaker-than-expected U.S. jobs report and a U.S. court ruling halting President Trump's proposed tariffs. Gold fell on Friday as the dollar rose slightly, while investors await a U.S. inflation report that could provide further insights into the Fed's policy trajectory. 📊 Commentary Analysis The market continued to fall for an hour, fluctuating back and forth, lacking continuity - it rose yesterday and fell today. Gold rebounded above $3,320 in early trading before retreating. On the weekly and daily charts, the trend is still dominated by range fluctuations rather than unilateral gains or losses. I think shorting gold should be considered today, with support below at $3,280-3,270-3,260. However, prices may struggle to make new lows. As today is the monthly close, large fluctuations suggest that we should avoid chasing ups and downs. 💰Strategy plan XAUUSD Sell: 3330-3320-3310 tp: 3300-3290-3280
OANDA:XAUUSDLong
by Labaron
1