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Wave Analysis

2025-01-23 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Bull channel continues and we are at the top again. At this point it’s possible this spikes above the channel to print 22k. Wild to live through this tbh. 21700 likely next, bears need something below 21500 and then 21380. It’s beyond climactic and overbought. current market cycle: bull trend - blow-off top key levels: 21200 - 21700 bull case: Bulls are in full control. No one know’s where it stops. Look for longs. Nothing new to report. Channel is holding and we are just moving higher without much resistance. Nothing changed. Again. Invalidation is below 21300. bear case: Bears need to start closing the gaps. This also has not changed. The bullish channel lives and until we break out of it, there isn’t much to analyse. All of my bullish targets are met and this looks just like the climactic end but who know’s where it will stop… Bears have nothing to think about here. Way too early for any short. Invalidation is above 21700. short term: Bullish until bears do more. Trade the channel. medium-long term from 2024-01-23: Market hit 21600 and now it’s about being patient until we sell-off again. I won’t be picking tops again. I just wait now. current swing trade: None. trade of the day: Buying near the 1h 20ema as mentioned the last couple of days.
XETR:DAX
by priceactiontds
2025-01-23 - priceactiontds - daily update - oilGood Evening and I hope you are well. comment: Pretty much tapped out of this market at the moment. I thought it looked decent that we could bottom out at 75 but another strong spike down to 74.5 is wild. current market cycle: trading range key levels: 73 - 80 bull case: Bulls have their do or die moment at 73 tomorrow. Either bottom out or we likely see 70 next. The buying was so climactic upwards but now it’s the same for the selling. Tough market for me. Got honestly nothing for the bulls until they print higher highs again and trade consecutive 1h bars above 76.5. Invalidation is below 75. bear case: Bears just took this over from the high and we are selling every little rip. Amazing to see but I still think it’s tough to trade. I won’t turn bear now right at the 50% retracement and daily 20ema. Below 74 we could test 72 next and afterwards there is no more support until 70. Invalidation is above 76.5. short term: Either it finds support at the daily 20ema around 74 or it might es will just continue down to 70 again. medium-long term - Update from 2025-01-19: Triangle is dead and market is now in a proper trading range with upside to 80 or even 85. current swing trade: Nope trade of the day: Shorting 76 has been profitable since Tuesday.
NYMEX:MCL1!
by priceactiontds
Market Snapshotwww.elliottwavetrader.net Another great write-up by Avi Gilburt and team on the current state of things at a Macro level Not affiliated with them and not pushing any of their services of course.. Do I agree with everything they say? Nope The below snippet from the article hints at the TRUE reason why things are going to get desperate in this economy over the next decade: "QE is merely a machination through which more debt is made available in the system, which is an indirect manner to increase the money supply. It is not actual printing of dollar bills, which would directly increase the money supply. Therefore, if more debt is made available, the only way you will get inflation is if there is public demand for that additional supply of debt. Without the matching demand for the additional debt supply, QE becomes a failure."
SP:SPXShort
by Heartbeat_Trading
2
Solana Down then Up. Retest of the breakout. 200 area targetMy theory is we go down first before going up. We finish this ABC correction and touch down to the 1.618 retracement lvl. I put the retracement lvl from the bottom of A to the top of the breakout to get the retracement levels. The 1.618 lvl touches the trendline and we get a proper retest. I know we have a wick that came down and touched. But I am not entirely convinced that is enough. Afterwards we have a trend based fib extension that I drew on the right to measure the next big macro move. targeting 700 area. ( not immediate move) but the macro. Theories and Ta used. Elliot wave, fib retracement , trend based fib extension
COINBASE:SOLUSD
by Bullfrogmoon
3
RUNE/USD Elliott Wave Analysis: Bullish Wave 3 Elliott Wave Analysis: Bullish Wave 3 Confirmation The updated chart suggests that Wave 2 of the Elliott Wave cycle is nearing its completion, and we are positioned for the beginning of Wave 3, the most impulsive wave. Wave 2 Levels and Structure Price Levels: The correction of Wave 2 has retraced briefly but is finding support at the 50% Fibonacci retracement level around $3.01. The 78.6% retracement level at $1.40 remains a critical invalidation level for this wave count. Volume: A declining volume during the correction supports the idea of a consolidation phase, typical before the next impulsive wave. Support Zone: Primary support levels are: $3.01 (50% retracement): Key psychological and Fibonacci support. $2.20 (61.8% retracement): Structural support level. $1.40 (78.6% retracement): Ultimate invalidation for this bullish count. Wave 3 Projection Using Fibonacci extensions of Wave 1 for projecting Wave 3: 1.618 Extension (Primary Target): $12.88 – Typical target for Wave 3. 2.0 Extension (Extended Target): $15.40 – Strong wave momentum scenario. 2.618 Extension (Highly Optimistic): $30.17 – Maximum potential target for a parabolic move. Momentum Indicators MACD: The MACD on higher timeframes (weekly) is attempting to flatten, signaling that bearish momentum is decreasing. A bullish crossover will confirm Wave 3 initiation. RSI: The RSI is currently stabilizing near 40-50, a typical zone where corrections end and new impulses start. Watch for RSI to cross above 50 as a confirmation of strengthening bullish momentum. Trade Strategy Entry Strategy: Accumulate positions near $2.20-$3.01 (61.8%-50% retracement levels). Confirmation entry on a breakout above $3.50, which aligns with Wave 1's high. Stop-Loss: Conservative: Below $2.00 (below 61.8% retracement for minimal risk). Aggressive: Below $1.40 (78.6% retracement, Wave 2 invalidation). Targets: Take Profit 1: $12.88 (1.618 extension). Take Profit 2: $15.40 (2.0 extension). Take Profit 3: $30.17 (2.618 extension). Risk-to-Reward: With an entry near $2.50 and a target of $12.88, the trade offers a R:R ratio of ~4:1. Confirmation Signals Break of the $3.50 resistance will strongly confirm Wave 3 initiation. Increasing volume and MACD bullish crossover are essential for validating the impulsive move. RSI moving above 50 will confirm upward momentum. Conclusion The updated price levels and Fibonacci projections align well with the start of Wave 3. The $2.20-$3.01 range presents an excellent accumulation zone, while the first major resistance at $3.50 must break to confirm the bullish wave count. Maintain tight risk management, and monitor volume and momentum indicators for entry confirmation.
BINANCE:RUNEUSDLong
by WaveFibs
Meta Platforms - The Breakout Rally To $1.000!Meta Platforms ( NASDAQ:META ) is about to break out: Click chart above to see the detailed analysis👆🏻 Ever since Meta Platforms - formerly known as Facebook - was listed on the Nasdaq, this stock has been creating new all time highs over and over again. Also over the past couple of months, momentum was pretty strong and a triangle breakout seems inevitable. Levels to watch: $650, $1.000 Keep your long term vision, Philip (BasicTrading)
NASDAQ:METALong
by basictradingtv
14
Gold Spot Price Action and SMC Analysis: Potential Buy SetupOANDA:XAUUSD Gold Spot Price Action and SMC Analysis: Potential Buy Setup Chart Analysis: The chart shows the Gold Spot price against the U.S. Dollar (XAU/USD) on a 4-hour timeframe, published on TradingView. The chart is annotated with various technical analysis tools and indicators, including trend lines, Fibonacci retracement levels, volume profile, and moving averages. Price Action Analysis: The price is currently in an uptrend, as indicated by higher highs and higher lows. A significant bullish breakout (BOS - Break of Structure) is observed above the previous resistance level around 2700. The price is trading above the 50-period moving average, which is acting as dynamic support. Smart Money Concepts (SMC): The chart shows a clear accumulation phase followed by a markup phase, indicating strong buying interest. The price has broken above the key resistance level (BOS) and is now retesting this level, which could act as support. The volume profile shows a high volume node around 2647.986, suggesting strong support at this level. ICT Elliott Wave Analysis: The chart displays an Elliott Wave pattern with labeled waves 0-1-2-3. The current price action suggests the completion of wave 3, with a potential retracement to wave 4. Fibonacci retracement levels are drawn from the low of wave 2 to the high of wave 3, with key levels at 0.382 (2703.61456), 0.5 (2697.075), 0.618 (2690.53544), 0.705 (2685.7139), and 0.786 (2681.22488). Buy Strategy: Entry: Buy at the retest of the breakout level around 2700. Take Profit 1 (TP1): 2721.420 (21.42 pips) Take Profit 2 (TP2): 2726.295 (26.295 pips) Stop Loss (SL): 2685.7139 (14.2861 pips) VIP Signal: Entry: 2700 TP1: 2721.420 (21.42 pips) TP2: 2726.295 (26.295 pips) SL: 2685.7139 (14.2861 pips) This analysis integrates various strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave Theory, to provide detailed buy strategies. The key levels identified offer optimal entry and exit points, ensuring a balanced risk-reward ratio for traders.
OANDA:XAUUSD
by Alexgoldhunter
1
CADJPY Downtrend Analysis: Bearish Momentum ContinuesThe CADJPY remains in a strong downtrend after completing its first wave structure to the downside. The corrective wave offered no signs of a trend reversal, confirming the sellers’ dominance. Yesterday, during the Tokyo session, a new bearish wave structure began, breaking below the first wave's momentum low. Wave 2 formed as a correction to Wave 1, creating an opportunity to look for short trades below 108.614. A break below 107.65 (momentum low) is expected, with a Fibonacci target of 61.8% as a likely end for the current wave. Key levels to watch: Entry: Below 108.614 Target: 107.65 and Fibonacci 61.8% level Stop Loss: Above 109.05 Selling above 109.05 is not recommended. Like, comment, and share your thoughts. Happy trading!
Short
by Charts247TradingAcademy
5
SOL Trade Setups: Key Levels to Watch for Big Moves!Solana has been on an impressive run, hitting a new all-time high (ATH) at $295. The previous ATH from 2021 at $260, along with the recent swing high of $264.63 (December 2024), are now acting as key resistance levels. Bulls are struggling to break above the $260 range and we’re seeing some bearish control as SOL trades below the weekly open, never a great sign for upward momentum. Short Trade Setup It’s looking like SOL could be in an ABC pattern, working on wave C. Here’s a potential short trade setup: Entry: Around $260 if price revisits that zone. Stop Loss: Above $270. Take Profit: $220, where strong support lies. R:R Ratio: About 3:1. If you’re already short, congrats! If not, $260 could be your next chance to jump in. Support Zone and Long Setup There’s plenty of support stacking up between $220 and $217, making it a great zone to consider for a long position: Point of Control (POC): At $218.50, from the November-January range Fib Levels: The 0.786 trend-based Fib extension is at $220.23 The 0.618 retracement (low of $169 to high of $295) is at $217.27 EMAs: The 200 and 233 EMAs on the 4H chart line up nicely with the $217 level Channel Support: The median line from $264 to $169 also lands around $217 Long Setup Plan Entry: Ladder longs between $220 and $217 Stop Loss: Below $217, maybe around $214 Take Profit 1: $239 for a mid-range bounce Take Profit 2: Move your SL to entry and let the rest ride for bigger gains Patience is Key Whether you’re waiting for $260 to short or $220 to long, the setups are there, now it’s about watching the levels and being patient. Both trades offer solid risk-to-reward ratios, so no need to rush in. Stay ready and let’s see how this plays out!
COINBASE:SOLUSDShort
by SiDec
2
XAU/USD Elliott Wave Analysis: Eye on the Powerful Wave 3OANDA:XAUUSD XAU/USD: Elliott Wave Analysis: Eye on the Powerful Wave 3 Capitalizing on Wave 3 Elliott Wave Analysis Upon inspecting the Gold Spot (XAU/USD) chart: Wave Count: It appears that the market is currently in the middle of an impulse wave. We are likely in wave three (the most powerful and extended wave), which is typically the most lucrative wave for trading. Current Structure: The market previously completed waves 1 and 2. Wave 3 is in progress, potentially subdividing into smaller impulsive waves. Fibonacci Levels: For wave 3, the Fibonacci extension levels 1.618 and 2.618 are critical for take-profit targets. For wave 4, a retracement back to Fibonacci levels 0.382 or 0.5 is probable. Wave 5 should also consider the 0.618 extension for future movement. Buy Strategy Entry: After the completion of wave 4 retracement (around Fibonacci levels 0.382 or 0.5). Take Profit 1 (TP1): Fibonacci extension level 1.618. Take Profit 2 (TP2): Fibonacci extension level 2.618. Stop Loss (SL): Below the start of the current impulse wave (wave 4). Sell Strategy Entry: After the completion of wave 5, when a new corrective wave is expected to start. Take Profit 1 (TP1): Fibonacci retracement level 0.382. Take Profit 2 (TP2): Fibonacci retracement level 0.5. Stop Loss (SL): Above the recent high. VIP Signal Buy Signal: Entry: 2740 TP1: 2784 (440 pips) TP2: 2835 (950 pips) SL: 2720 (200 pips) Sell Signal: Entry: 2840 TP1: 2800 (400 pips) TP2: 2750 (900 pips) SL: 2860 (200 pips) This analysis incorporates Elliott Wave principles, Fibonacci levels, and key indicators displayed on the chart to provide a comprehensive trading strategy. Happy trading! Follow @AlexGoldhunter for Latest Ideas and Minds
OANDA:XAUUSDLong
by Alexgoldhunter
Skyrexio | Bitcoin Dominance: Altseason Is About to Be CancelledHello, Skyrexians! We know how you wait for the altseason, but market is about to make the new shakeout! The CRYPTOCAP:BTC.D drop in November 2024 gives us the belief that all altcoin holders will be rich, but it has started to go up again with slow altcoins bleeding. Now we have the last chance to be saved. If now, say hello to new lows for altcoins. Let's take a look at the daily chart. Dominance dropped after printing the Bullish/Bearish Reversal Bar Indicator . We still count this wave as the wave 1. The wave 2 in our opinion is happening now. This wave has the ABC shape which has the chance to be finished now inside the Fibonacci 0.618 target area. Moreover we can see red dot on the indicator. Next week will be decisive for crypto market. If dominance will decrease from here we will see the altseason soon. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
CRYPTOCAP:BTC.DShort
by Skyrexio
2
Know when to take profits in this final BTC rallyAs posted in March 2024 about the upcoming 3rd BTC rally. The 3rd rally has been a strong one so far, but the music is slowly fading and its about to end. For now, the LTF price action is shifting towards bearish. If this wave is not extended soon, we are on our way to 80k territory which would be the best case scenario. Otherwise it will be the start of bear rally pushing us near 50-60k. The lower range shown in chart should be marked on alert to know when to exit from this rally while staying in profits.
BINANCE:BTCUSD
by syedhamza2135
$DXY/YEN can we still see 159.26 MAYBE OR NOT SECOND TOP in dollar yen Carry trade My Original view was for this chart to see at or above 162 for wave B But I also gave it a chance that we 159.26 this being where wave C up of B top would be .618 of wave [A} up we peaked at 158.57 The carry trade has been a major reason for worldwide Liquidity Inflating assets Worldwide and The US Treasury and Fed was the reason for USA assets to inflate . As I have said The GLOBAL Liquidity Cycle is ending and is just about to start the contraction cycle . So I am RATHER Bullish on the DXY for 2025 and into 2026 and bearish YEN I have the DXY seeing a 121 plus or minus 1.5 target . I picked up dxy at the low 100.60 to 99.8 see post I have sold at 110 and I am buying it back > I had targets of 107.6 but we are setting up for the next up leg in DXY and Drop in YEN best of trades Wavetimer
by wavetimer