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Wave Analysis

Nightly $SPX / $SPY Predictions for 1.24.2024🔮 📅 Fri Jan 24 ⏰ 8:30am 📊 Core PCE Price Index m/m: 0.1% 📊 Employment Cost Index q/q: 0.8% ⏰ 9:45am 📊 Chicago PMI: 36.9 💡 Market Insights: 📈 GAP ABOVE HPZ: A further gap up would lead to it holding for a little, then dropping back down into the EEZ. 📊 OPEN WITHIN EEZ: Trump mentioned he will try to lower the rates. Let’s see how the markets adjust to it, but definitely expecting a little more bullishness to the upside. 📉 GAP BELOW HCZ: A large recovery will allow the markets to tag the red lines before closing slightly lower below the weekly HPZ. #trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
SP:SPXLong
by PogChan
GLD UpdateGold seems to be intent on continuing to rise. This make me wonder if the ALT is correct. For those that don't remember, the ALT suggested that wave 4 was already over and was shallow. In order for wave 4 to have alternation with 2 though, it should be deep. We will just have to wait and see, but to me this thing has two possibilities for the ensuing pattern. The first (white count) is that this raise from the $234 bottom has been a deep b wave. If this is the case, it should be turning around very soon and heading lower again. The second (turquoise count) suggests that wave 4 is already over and wave 5 has begun. The turquoise labels are tracking the possible impulsive pattern. Time will tell but GLD moves slowly most of the time so be patient.
AMEX:GLD
by TSuth
Pepe - Revised Elliot Wave Count and Gartley Update/* Update from last post: Revised target. Yellow 1.618 support/resistance. Trend based fib extension moved from local range to Elliot Wave 1 and 2 seen with dotted yellow 1 .. 2.. (Pulled from High .. Low .. High) .. hence 1.618 support/resistance. 2.0 the target to fulfill (in my opinion Wave 3 then heading to wave 4 as depicted. Volatility expected as 1.618 coincides with the lowest low not so long ago. I'm personally expecting lower and given the volatility probably a quick wick to the upside. Note: If looking back on this chart I've drawn. Something similar has already played out before. PLAY WITH FIB EXTENSION! Awesome! */ Hi Traders - Macro view of revised wave count and Gartley Harmonic in support of analysis. Currently we could be still playing out the 3rd wave opposed to what I mentioned in previous posts where mentioning that were looking for the 5th wave to play out. Used current bias based on previous example as can be seen with the earlier Gartley Harmonic. Looking for slightly lower (yellow) 1.618 or (blue) 2.0 for support to end the 3rd Wave into the 4th, wave before wave 5 to play out before the corrective waves. Trading the moment as there are no certainties and only probabilities.
by hmaroudas
55R Trade SilverExpecting a move up to $50-60 most likely this year. Seasonal bearishness start around Oct-Nov time for precious metals so it would make sense for that to kick in around there and as I’m expecting the next move up to be the strongest since the Covid recovery move for various reasons including fundamentals and technicals - notably Platinum gearing up for wave 3 and the miners on the cusp of major multi-year trendline break outs - then a swift move up makes a lot of sense.
VELOCITY:SILVERLong
by TipsOfPips
XCN Price ActionCOINBASE:XCNUSD Onyxcoin cointinues price action today, seeing growth anywhere from 50-80% with todays high at 0.02490. Great to see more positive growth here from Onyxcoin which has a few days of consolidation before breaking above the 0.01800 level and beyond into the numbers we see today. A strong ecosystem that will likely see more growth in the future. Keep an eye on the 5m chart for some day trades. There are a lot of good positions available to enter the market right now.
COINBASE:XCNUSDLong
by CoinrabiaDeFi
$COIN Projected PathNASDAQ:COIN ready to take the next major leg up, the most powerful W3. Projected 5 subwave path shown. Target is the 1.618 for the subwaves, and the 1.618 for the Major Waves measured from the W1 and W2. The zone in between the two 1.618 extension zones is the confluence and therefore price target for this w3. This aligns with Bitcoins price to top near end of March-early April as well before a healthy pullback for a W4. Let's see how this pans out. This post is only for my records. NFA.
NASDAQ:COIN
by navchou
WTI crude oil Wave Analysis 23 January 2025 - WTI crude oil reversed from resistance level 78.00 - Likely to fall to support level 72.60 WTI crude oil recently reversed down from the major resistance level 78.00 (has been repeatedly reversing the price from July, as can be seen from the daily WTI chart below) The downward reversal from the resistance level 78.00 started the active intermediate impulse wave (3). WTI crude oil can be expected to fall toward the next support level 72.60 (low of the previous short-term correction iv from the start of this month).
FX_IDC:USDWTIShort
by FxProGlobal
AUDCAD Wave Analysis 23 January 2025 - AUDCAD broke round resistance level 0.9000 - Likely to rise to resistance level 0.9080 AUDCAD currency pair recently broke the round resistance level 0.9000 (which stopped the previous wave 4 at the start of January) The breakout of the resistance level 0.9000 coincided with the breakout of the 50% Fibonacci correction of the previous downward impulse from December and the daily down channel from September – which accelerated the active impulse wave 1. AUDCAD currency pair can be expected to rise toward the next resistance level 0.9080 (top of wave b from the middle of December).
Long
by FxProGlobal