Get started

Wave Analysis

BTC - Another Theory with Crazy HopeIn my last post on BTC I concentrated on forks and cycles so I thought I’d concentrate on Elliot Wave which presents me with a possible bullish outcome in the coming month. On the 1D timeframe and starting from the bear market low of Nov 2022 EW shows a 5 wave impulse move topping out May 2024. This is followed by a shallow ABC pattern launching into another 5 wave impulse ending with a shallow wave 5 Jan 2025. Presently BTC is in an ABC move down towards the wave 2 pullback where the 50% is sitting at 73.4k. This “may” be another shallow pullback and not get down that far but presently it kinda looks like it might. Once wave 3 starts it could take BTC up towards 260k area. I like this theory mainly because of the global situation in that, there appears to be tons of BTC adoption going on around the world. Whales are apparently buying up BTC a record levels. Smart money is called smart money because well, they’re smart, so why buy in when BTC is gonna drop like crazy. Retail is nowhere to be found. I think retail got lost in the shit for brains meme market and will be way late to this party. My thoughts, not financial advice Oklah. Cheers
Long
by wildboar8
Elliott Wave View: FTSE Should See More DownsideShort Term Elliott Wave View in FTSE suggests that cycle from 11.13.2024 low is in progress as a 5 waves impulse. Up from there, wave ((i)) ended at 8388.37 and pullback in wave ((ii)) ended at 8002.34. Wave ((iii)) higher subdivided into another 5 waves in lesser degree. Up from wave ((ii)), wave (i) ended at 8326.32 and pullback in wave (ii) ended at 8192.31. Wave (iii) higher ended at 8584.73 and dips in wave (iv) ended at 8462.18 as the 1 hour chart below shows. The Index then resumed higher. Up from wave (iv), wave i ended at 8692.84 and wave ii pullback ended at 8520.2. Wave iii higher ended at 8767.5 and pullback in wave iv ended at 8685.78. Final leg wave v ended at 8820.93 which completed wave (v) of ((iii)). Pullback in wave ((iv)) is currently in progress as a double three Elliott Wave structure. Down from wave ((iii)), wave (w) ended at 8638.63 and wave ((x)) ended at 8768.05. Expect the Index to extend lower in wave (y) of ((iv)) to reach 8475 – 8587 area before it resumes higher. Near term, as far as pivot at 8818.31 high stays intact, expect rally to fail for further downside.
TVC:UKX
by Elliottwave-Forecast
1
Nightly $SPY / $SPX Scenarios for 2.28.2025 🔮 🔮 🌍 Market-Moving News 🌍: 🇺🇸📈 PCE Inflation Data Release 📈: The Federal Reserve's preferred inflation measure, the Personal Consumption Expenditures (PCE) Price Index, is set to be released. Economists predict a 0.3% rise in January and a 2.5% year-over-year growth. This data will provide insights into inflation trends and potential monetary policy adjustments. 🇺🇸🛒 Consumer Spending Trends 🛒: Personal income and spending data for January will be released, offering a glimpse into consumer behavior amid ongoing economic uncertainties. Analysts anticipate a 0.4% increase in personal income and a 0.1% rise in personal spending. 📊 Key Data Releases 📊: 📅 Friday, Feb 28: 💰 Personal Income and Outlays (8:30 AM ET) 💰: Reports on personal income, consumer spending, and the PCE Price Index for January. 🏠 Pending Home Sales Index (10:00 AM ET) 🏠: Measures housing contract activity, providing insights into the real estate market's health. 📌 #trading #stockmarket #tomorrow #news #trendtao #charting #technicalanalysis
AMEX:SPYLong
by PogChan
5
GOLD DAILY CHART MID/LONG TERM UPDATEGOLD Daily Chart Update: 24th FEB 2025 Hi Everyone, Here’s the latest update on the GOLD daily chart, which we've been closely monitoring and trading. Below, we break down recent price movements, updated key levels, and provide actionable insights for the days ahead. Recap of Recent Chart Success! Gold recently achieved a record high of $2,954.80. Our analysis has consistently highlighted that after reaching each target level, prices tend to reverse by over 40+ pips to the GoldTurn level. This pattern was evident when, after hitting TP3 at $2,933, the price retraced more than 40+ pips to the GoldTurn level at 2870, which acted as a support, before rebounding bullishly to surpass resistance and reach the all-time high of $2,954.81. Current Outlook: Bullish or Bearish? Presently, gold's price is oscillating between a resistance gap at $2,990 and a support gap at $2,933. The $2,990 level serves as a key resistance, while $2,933 acts as support. Additionally, the Fair Value Gap (FVG) offers support at $2,920. In summary, while the long-term outlook remains bullish due to factors like central bank demand and economic uncertainties, short-term fluctuations between the $2,933 support and $2,990 resistance levels are expected. Traders should monitor these key levels and indicators closely to inform their strategies. KEY LEVEL: 2870 Resistance Levels: 2990, 3052 Support Levels (GoldTurn Levels): 2933, 2870, 2801, 2744, 2671, 2595 EMA5 Behavior: * Or If EMA5 crosses and locks above 2933, it strengthens the bullish case. * If EMA5 fails to hold above 2933, cross and lock below this level 2933, expect a pullback to key GOLDTURN levels below. Recommendations: * Capitalize on Dip Opportunities: Use smaller timeframes (1H, 4H) to trade around GOLDTURN levels, targeting 30–40 pips per trade. * Stay focused on shorter trades in this range-bound market to manage volatility effectively. Long-Term Bias: Maintain a bullish outlook while viewing pullbacks as buying opportunities. Accumulate positions near key support levels for a safer approach instead of chasing highs. Final Note: Trade with confidence and precision. Our analysis ensures you’re well-prepared to navigate the evolving market landscape. Stay updated with our daily insights across multiple timeframes for deeper clarity. Thank you for your continued trust! Don’t forget to like, share, and comment to support our work. Best regards, The Quantum Trading Mastery Team
FXOPEN:XAUUSDLong
by TheQUANTUMTraders
"NASDAQ 100 (US 100) Bearish Outlook: Will Supply Zones Hold?"🔹Technical Analysis: US 100 Index (15-Minute Chart) ▪️Key Observations: 1. Downtrend Continuation: - The US 100 Index is currently in a bearish trend, forming lower highs and lower lows. - The price is trading below key resistance zones, indicating further downside potential. 2.Supply Zones Identified: - Two significant supply zones are marked on the chart where selling pressure is expected. - The first supply zone is around 21,450 – 21,520. - The second, stronger supply zone is near 21,600 – 21,700, where a previous sell-off occurred. 3. Bearish Rejection Expected: - The price is likely to retest the lower supply zone before continuing downward. - A rejection from this zone could lead to further declines. 4. Target Area: - The projected target area is marked around 20,914, suggesting a possible continuation of the downtrend. - If the price breaks below this level, further downside momentum could follow. ▪️Conclusion: - The market structure remains bearish, and traders should watch for a potential rejection at the supply zone. - A confirmation of resistance could provide shorting opportunities toward the 20,914 target area. - However, a breakout above the supply zone could invalidate the bearish outlook. ▪️Trade Idea: Bearish Bias – Wait for confirmation at the supply zone before considering short positions. 😊Don't Forget To Hit The Like Button & Share Your Thoughts In Comments.
TVC:NDQShort
by SOAM_PRO_TRADER
What if... Bitcoin just finished an irregular flat correction?I am following bitcoin´s correction since the 109 top, and there´s a few possibilities. Either 108 followed by 109k formed a double top, in which case we are still braced for more downfall or... Bitcoin has finished a flat correction in Wave 4 of Elliot Wave Theory. Proportions seem to work fine, with a 3 waves A, another 3 waves B, and a 5 waves C which has just hit 1.618% If the correction continues, since there´s no volume nor support, we are facing 76-77 and then the 65-66k zone. Let´s hope this is a flat and done!
BITSTAMP:BTCUSDLong
by Ivanbole71
Bitcoin: Wave 4 or Wave goodbye...to this variantIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Bitcoin Wave 4?: Key Levels & Critical Juncture Bitcoin’s recent price action has put traders on edge, as we continue to push into the deeper reaches of the Wave 4 territory. The market rejected 99-100K, aligning with expectations, but it took a deeper path than my bullish outlook preferred. While I caught the correct direction, this move is now at a critical juncture where bulls need to step up—this is their last chance to hold this count as a probability and regain momentum, IMO. Losing Ground on This Count A clean break above 99K never materialized, reinforcing bearish sentiment and increasing the likelihood of further downside. The bulls have struggled to gain control, and without a strong push, this count risks full invalidation. At this stage, I remain cautious, knowing that sticking to weak counts is a losing game. Key Levels to Watch 🔹 86.6K – Immediate obstacle for bulls to reclaim 📈 🔹 92K – The real test; a reclaim here would suggest bullish intent 🎯 🔹 75K – Next major support if bulls fail to hold structure ⚡ What Comes Next? If this variant is going to stay on the probability list, it has to prove itself now. It was cautiously at the top of the list, but has broken the key levels and ideal price action I was looking for to keep it there. Bitcoin is at a make-or-break moment—will it find strength, or are we heading for a deeper correction? Let me know your thoughts in the comments. 🚀 Trade safe, trade smart, trade clarity.
COINBASE:BTCUSDLong
by CryptoKnee
Gold Market Analysis & Trading Strategy for TodayHello traders! Let’s analyze gold’s price movement and build a strategy for today. OANDA:XAUUSD is experiencing a slight pullback, currently trading at $2,910 in the early trading hours. The precious metal remains stable within a descending parallel channel on the 1-hour chart, indicating short-term bearish momentum. This correction aligns with declines in stocks and Bitcoin, reflecting broader risk-off sentiment in the market. However, unlike other assets, gold has found support at lower levels, suggesting that buyers are stepping in to stabilize the market. While gold is retracing, it remains relatively stable compared to other assets. If buyers continue defending key levels (trendline boundaries), we could see a short-term recovery attempt. Additionally, investors are awaiting the release of the U.S. Personal Consumption Expenditures (PCE) report, the Fed’s preferred inflation gauge, which is set to be published on Friday. This data could have a significant impact on gold’s direction.
OANDA:XAUUSDShort
by Bullback_FX
EUR/USD Under Pressure: Bearish Momentum StrengthensEUR/USD remains under pressure, trading below 1.0500 during Thursday’s session. The pair is affected by the U.S. dollar's continued recovery, driven by conflicting statements from U.S. President Donald Trump regarding tariffs. This has prevented EUR/USD from rising and has kept it capped below the 1.052 resistance, marked by two significant peaks. In the short term, EUR/USD is still receiving support from buyers, with 1.046 acting as a key defense level. However, the bullish momentum remains uncertain, as the pair is fluctuating around EMA 34 and 89, showing signs of confluence. If the support level is broken, we may look for lower selling targets. Do you think FX:EURUSD will break through this support level?
by Bullback_FX
GBP/USD – Potential Pullback or Breakout?Hello traders! Today, let's analyze the GBP/USD 4H chart and see how this pair is moving. Currently, GBP/USD remains in a steady uptrend within a well-defined parallel channel. The pair is trading around 1.2670, staying above EMA 34 and 89, indicating that buyers are still in control. However, an important factor to watch is that GBP/USD is approaching the upper resistance of the channel, which could lead to a short-term pullback before resuming its upward momentum. If the price tests the channel’s upper boundary and shows signs of rejection, we could expect a corrective move toward the 1.2570 support zone. This would be a key area to watch for potential buying interest. If buyers successfully defend this level, it could offer a great buying opportunity to ride the trend higher. On the flip side, if GBP/USD breaks and closes above the resistance zone, it could signal a strong breakout, opening the door for a move toward new highs. 📌 Trading Strategy Ideas: 🔹 Short-term Sell: Look for a rejection at resistance with bearish signals. 🔹 Trend-Following Buy: Consider buying if price pulls back to key support and shows bullish momentum. Do you agree with this analysis? Drop your thoughts in the comments below!
Short
by Bullback_FX