Wave Analysis
Will ES Form Five Waves to Provide Market Clarity?The short-term Elliott Wave analysis for S&P 500 Futures (ES) suggests that the rally from the April 7, 2025 low is progressing as a five-wave impulse pattern, a hallmark of Elliott Wave theory indicating a strong directional trend. Starting from the low, wave 1 advanced to a peak of 5285.5, followed by a corrective wave 2 pullback to 4871.75. Subsequently, the index surged in wave 3, exhibiting a nested sub-structure characteristic of strong bullish momentum. Within wave 3, sub-wave ((i)) reached 5528.75, followed by a shallow sub-wave ((ii)) correction to 5127.25. The index then climbed sharply to 5724.75 in sub-wave ((iii)), with a brief sub-wave ((iv)) pullback to 5596. The final sub-wave ((v)) concluded at 5993.5, completing wave 3 on the 1-hour chart, marking a significant bullish phase.
Wave 4 developed as a zigzag corrective structure, typical for balancing overbought conditions. From the wave 3 high, sub-wave ((a)) declined to 5828.75, followed by a sub-wave ((b)) rebound to 5895. Sub-wave ((c)) then dropped to 5756.5, finalizing wave 4. The index has since turned higher, initiating wave 5. As long as the critical pivot low at 5595.4 remains intact, expect pullbacks to attract buyers in 3, 7, or 11-swing corrective patterns, supporting further upside toward new highs.
ETH/USDT – Symmetrical Diametric in Progress (4H Analysis) Here’s a TradingView post designed for your ETH/USDT 4H chart analysis using NeoWave – Symmetrical Diametric structure:
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A rare and clean Symmetrical Diametric seems to be unfolding on the 4H ETH/USDT chart, following Glenn Neely’s advanced NeoWave principles.
Current Structure:
Waves A, B, C, D, and E have completed
All legs are nearly equal in time with clear directional alternation
Wave E retraced exactly 61.8% of Wave D, confirming symmetry
What's Next?
Wave F is likely starting now — expect an upward move
If correct, Higher High (HH) will be formed above Wave E
After that, Wave G will complete the 7-legged diametric with a Higher Low (HL) structure
Key Observations:
Time symmetry = strong confirmation for a Symmetrical Diametric
Current range: $2,500–2,610
Break above $2,590 will reinforce bullish Wave F development
Trading Outlook:
Watch for bullish confirmation near $2,540–2,550 zone
Wave F may target the $2,590–2,610 resistance zone
Final Wave G could offer a buy-the-dip opportunity if it respects symmetry
Pattern: Symmetrical Diametric
Current Wave: Likely beginning of Wave F
Bias: Short-term bullish, mid-term neutral (until Wave G ends)
DYOR – This is not financial advice.
Share your thoughts below — Do you also see the Diametric?
BINANCE:ETHUSDT BINANCE:BTCUSDT BINANCE:ETHUSDT.P BINANCE:ETHBTC BYBIT:ETHUSDT.P
Top 10 Altcoins Yet To Move, Strong Growth Potential —CommentI am making a list of TOP 10 Altcoins that are yet to move. These are not the ones with the highest growth potential nor anything like it but a selection of pairs that are yet to move strongly thus low risk vs a high potential for reward.
Let me give you some examples and then I will share the instructions below.
» PEPEUSDT grew some 200% already. This is awesome but it wouldn't be in the TOP 10 yet to move because it already grew strongly. It has plenty of room left available for additional growth but the higher it trades, the higher the risk.
» ETCUSDT grew less than 70%. This one is still trading low so it has huge potential for growth, it can be part of the TOP 10 Altcoins yet to move.
Let me give you another example:
» DOGSUSDT grew 150% already. It is currently trading below the last high of course but this one wouldn't make it in the list. We already jumped in early so we look for other pairs.
» AVAXUSDT grew a maximum of ~80% and is now trading only 55% higher compared to its 7-April low. This can be in the set of the TOP 10 Altcoins yet to move. Makes sense?
Like this, I will make a list.
If you are interested, leave a comment with "Share the TOP 10 Altcoins Yet Move" and if there is enough interactions I will do this post for you.
I can take a while because I will go through hundreds of pairs. Depending on how much interest there is, I can do another TOP10 and another TOP10, 3 sessions total, because there just too many Altcoins that are looking great and yet to move.
Sounds good?
Leave your comment below and let me know.
Namaste.
How I Use Elliott Waves to Trade — A Real Example from XAU/USDElliott Wave Theory is a powerful tool I use to understand market structure and build trading plans with confidence. In this post, I’ll walk you through how I’m applying it to the current setup in XAU/USD (Gold) on the 1-hour chart, and how I develop a trading plan around it.
🌀 The Current Structure: A 5-Wave Impulse in Progress
Based on the chart, I believe gold is in the middle of completing a classic 5-wave impulsive move. We’ve already seen the completion of Wave 1 and Wave 3—and we’re now likely in the midst of a Wave 4 correction.
🔍 How Do I Know This?
There are several clues:
Wave 3 is extended, meaning it’s longer than both Wave 1 and the expected Wave 5.
Inside Wave 3, Wave 2 was a sideways flat, and Wave 4 was a sharp zigzag.
This follows the Guideline of Alternation, which states that if one correction is sharp, the next tends to be sideways.
These characteristics give me confidence in my wave count.
💡 Why I Love Trading Wave 5
Wave 5 is my favorite wave to trade because it offers a high-probability opportunity when the structure is clear and confirmed. Here’s how I approach it:
📉 Step 1: Define the Invalidation Level
According to Elliott Wave rules, Wave 4 cannot enter the price territory of Wave 1. This gives me a hard stop loss zone—if price dips below that, the count is invalid, and I step aside.
🎯 Step 2: Determine the Target (Take Profit)
When Wave 3 is extended, Wave 5 usually relates to Wave 1, and I consider three common Fibonacci targets:
61.8%
100%
161.8%
Since the 100% extension of Wave 1 is the most typical scenario, that’s where I’ll tentatively place my take profit.
🛠️ Step 3: Plan the Entry
Now that I have both my stop (below Wave 1) and my take profit (100% of Wave 1), I plan my entry.
Here’s how:
Wave 4 often retraces to the 38.2% Fibonacci level of Wave 3—which is where I begin looking for support.
This level also coincides with the termination point of the previous Wave 4, adding further support per Elliott guidelines.
If price enters that support zone and I see a complete corrective structure (flat or triangle), that’s my green light to enter.
If all the above conditions are met, I’ll post a follow-up with my exact entry strategy.
🧠 Final Thoughts: Flexibility Is Key
While this plan is structured, the market is dynamic. Patterns evolve. Counts can shift. The key is to stay objective, recognize when the scenario changes, and adapt quickly.
Elliott Wave trading is not about perfection, but about anticipation, risk control, and reacting intelligently as price unfolds.
GBPUSD ANALYSIS Based on technical analysis GU is in a bullish trend and we should only be looking for buys.
Expect a pullback near the fibs reversal zone for a buy entry.
Risk Reward- 1% : 3 or your TP can be the 4H HH zone.
Keep your trading plan simple and only take quality trades in the direction of the trend. The trend is your soulmate.
0527: Bearish USD/JPY: BoJ Rate Hike Expectations Hello traders,
In the futures market, I once again came across a more "interesting" piece of data. The COT position data showed that the speculative long positions in the Japanese yen soared to 167,330 contracts, reaching an extreme level not seen in recent years.
★ I would like to present another set of data:
✔ In April, the price of rice in Japan soared by 98.4% year-on-year, marking the largest monthly increase since 1971. This increase was even higher than the 92.1% in March.
✔ The Japanese government cancelled subsidies for gas and electricity in March, causing energy prices to rise by 9.3%.
✔ Japan's core CPI excluding fresh food rose by 3.5% year-on-year, higher than 3.2% in March. This is the fifth consecutive month of core inflation above 3%.
✔ Meanwhile, the Japanese economy contracted by 0.7% in the first quarter of 2025, marking the first negative growth since the first quarter of 2024.
✔ Within 45 days, the yield on Japan's 30-year government bonds soared by 100 basis points, reaching a record high of 3.20%. Over 500 billion US dollars of 40-year Japanese government bonds, regarded as "safe assets", have depreciated by more than 20% in the past 6 weeks.
Technically, weekly chart, UJ has make a bearish reversed bowl top and now this pair is targeting south running beneath WEEKLY EMAs.
The support zone that be test triple would become resistance zone very soon.
The weekly selling targets are marked out on this chart!
Based on the latest market trends and the policy signals from the Bank of Japan, there is a high probability that the Bank of Japan will raise interest rates at its next meeting (expected to be in June 2025). It is now the time to buy the expectation and sell the reality.
GOOD LUCK!
LESS IS MORE!
GBP-JPY Resistance Cluster! Sell!
Hello,Traders!
GBP-JPY made a retest
Of the resistance cluster
Of the rising and horizontal
Resistance lines around 193.989
And we are already seeing a
Bearish reaction so we will be
Expecting a further bearish
Move down
Sell!
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Hanzo / Gold 15m Path ( Confirmed Breakout Zones )🆚 Gold
The Path of Precision – Hanzo’s Market tactics
🔥 Key Levels & Breakout Strategy – 15M TF
☄️ Bullish Setup After Break Out – 3343 Zone
Price must break liquidity with high volume to confirm the move.
☄️ Bearish Setup After Break Out – 3332 Zone
Price must break liquidity with high volume to confirm the move.
🩸 15M Time Frame Confluence
————
CHoCH & Liquidity Grab @ 3366
Key Level / Equal lows Formation - 3331
Strong Rejection from 3356 – The Ultimate Pivot
Strong Rejection from 3288 – The Ultimate Pivot
🔥 1H Time Frame Confirmation
Twin Wicks @ 3343 – Liquidity Engineered
Twin Wicks @ 3332 – Liquidity Engineered
Chevron Corp Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Chevron Corp Stock Quote
- Double Formation
* (Entry Bias Hypothesis)) - *170.00 USD | Completed Survey
* Wave Feature - *ABC Entry| Subdivision 1
- Triple Formation
* (EMA Settings)) - *146.00 USD | Subdivision 2
* (TP1) | Subdivision 3
* Daily Time Frame | Trend Settings Condition
- (Hypothesis On Entry Bias)) | Regular Settings
- Position On A 1.5RR
* Stop Loss At 140.00 USD
* Entry At 136.00 USD
* Take Profit At 130.00 USD
* (Downtrend Argument)) & No Pattern Confirmation
* Ongoing Entry & (Neutral Area))
Active Sessions On Relevant Range & Elemented Probabilities;
European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
SUI/USDT – Two Scenarios in Play: Impulse or Ending Diagonal?SUI is at a key decision point on the 4H chart. The current structure may either be:
a classic impulse wave, with wave (5) still incomplete, or
a bearish ending diagonal, suggesting the uptrend is losing strength.
If this is an impulse, price could continue toward the upper boundary of the wedge to complete wave (5).
However, if this is an ending diagonal, a sharp breakdown could target the support zone around $2.93, near wave (2).
📌 Stay cautious until a breakout or breakdown confirms the direction.
🕰️ Timeframe: 4H (Binance)
📉 Key support: $2.93
Always consider Weekly charts for price action extremes!1). Typically, 5 Motive Waves go 200% of Wave 1, which is established using Fib.tool levels. 2). The Chart likely needs a pullback correction towards $100K or lower for a long position entry. 3). The US$ appears to have a little steam remaining, which support the deeper ABC Bitcoin correction lower. 4). Always consider where the price is during the Motive sequence, as in this case, it needs to complete a Wave 5, since the bottom of Wave 4 can be an excellent Buy entry! 5). Also, drop charting down to lower time frames for more detail. 6). And of course, the MACD supports my analysis! "Cheers & Good Luck, always!"
USD-CAD Bearish Bias! Sell!
Hello,Traders!
USD-CAD is trading in a
Downtrend and the pair
Made a bearish breakout
Of the key horizontal level
Of 1.3774 which is now a
Resistance and the pair is
Making a local pullback
To retest the new resistance
From where we will be
Expecting a further
Bearish continuation
Sell!
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2025-05-26 - priceactiontds - daily update - dax
Good Evening and I hope you are well.
comment: Back where we started on Friday and I do think one more big leg down will finally be enough for the persistent btfd crowd to scale it down a bit. So far it has been profitable and that’s why bears need a big gap that does not close or otherwise we just continue sideways to up. Bulls need to get trapped for this to end.
current market cycle: broad bull channel
key levels: 23000 - 24300
bull case: Watch the 1h 20ema tomorrow. If we stay above, we can make another ath and it’s possible we see more upside above 24200. Since all my bull targets are met and I have no interest in buying this, I won’t be your guide in looking for longs here. I think buying above 24000, while we wait for 50% tariffs to the US, qualifies for most stupid the trade of the year. I’m happy for you if you make money on any side though.
Invalidation is below 23300.
bear case: Even if tariffs won’t be 50% and only 10%, it would still mean less business for everyone. Markets are not pricing the risks right and are begging to get rug pulled. Only a couple times a year markets are so miss-aligned with reality that in hindsight you feel unwell for not risking more. Having said that, now is not the time to short. We need way more selling pressure again. Wait for big bears to appear. Below 23900 we could see a test of 23800 but it will likely be an easy trap for bears so only take it if we either move very strongly down or if we move down over a long time without any decent bounce up.
Invalidation is above 24300.
short term: Neutral. Sitting on hands until bulls run for the exits and big bears come out.
medium-long term from 2025-05-25: My rough guess from early May was down over the summer and up into year end. POTUS certainly helped with the 50% tariffs. I need to see market reaction next week and if there is no 180° reversal until Friday, they will become reality the week after and dax should do 20-30% down over the next months. Markets were not positioned for any risk what so ever. Now we got the atomic trade bomb.
trade of the day: Long since Globex open. Tough.
ZIGUSDT heading to weekly support before bounce to highsZIGUSDT has a similar story like many others. It has hit the weekly resistance WR1 and currently pulling back from there.
It is likely to hit daily support DS1 and later weekly support WS1.
DS1 can provide some bounce but the price may visit WS1 again before bouncing well and continuing its upward journey.
I will buy spot heavy if it hits WS1 zone.
What do you think?
EUR-USD Local Long! Buy!
Hello,Traders!
EUR-USD made a retest
Of the key horizontal
Support level of 1.1369
And we are already seeing
A bullish rebound so we will
Be expecting a further
Bullish move up
Buy!
Comment and subscribe to help us grow!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.