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Wave Analysis

Still more downside for EUHi traders, The momentum down for EU was too strong and the outlook last week was wrong. After this pair made a corrective upmove it started the next move down. So for next week we could see more downside into the Daily FVG below. Let's see what the market does and react. Trade idea: Trade (short term) shorts after the finish of a correction up on a lower timeframe. If you want to see more from my analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! Eduwave
Short
by EduwaveTrading
ADA Caution!Considering cycle theories and assuming Altcoins - especially those from 2015-2017 - could be in different corrective phases than Bitcoin, investors could be in a big surprise for the next upcoming months. While Bitcoin is potentially in its last cycle (retail wave 5) before its first major correction, the older Altcoins are still in their wave 2 which results in a long exhaustive ABC phase and often corrects more than 50% of the first impulsive wave which would also coincide with the 1.618 Fib. This would mean that alt-season - for the older big coins - is not here yet. Regarding their meteoric rises after more than 10k% the fundamentals need to catch up to overvalued prices, which takes time. A lot of people are confused and complaining about the "blue chip coins" not going up, especially Cardano, while Market Makers play the long game and suppress Altcoin prices artificially, simply keeping them in a big trading range and in corrective mode till their first cycle ends and the next begins. ADA e.g. shows striking resemblance to NEM (XEM) with a similar corrective structure and sits on long time life support. The more it pokes on it the more it's gonna get dangerous for the next breakdown to the 0.10-0.20$ region.
CRYPTO:ADAUSD
by PizzaDriver
2
Solana (SOL) - Potential for a Strong Uptrend Continuationhello guys. Primary Trend Structure: The chart shows a classic Elliott Wave formation with an initial five-wave impulsive move (1-5) followed by a three-wave corrective pattern (A-B-C), suggesting the start of a new bullish cycle. Current Cycle: The recent price action is part of a new five-wave cycle with waves 1, 2, and 3 already formed. Wave 4 appears to be forming, preparing for a final upward movement in wave 5. Wave 4 Support Zone: The purple-shaded area marks a strong support zone, which could act as a launch point for wave 5 if prices retrace to this level. This support is in line with the typical retracement levels for wave 4, reinforcing its validity as a potential pivot zone. Wave 5 Target: Based on Fibonacci extensions, wave 5 could potentially reach the 0.618 extension level, around the $680 zone, representing a significant upside from the current price. Bullish Continuation Signals: Higher highs and higher lows are evident, which confirm a bullish trend. The price staying above key support levels strengthens the bullish outlook. Risks: If prices break below the wave 4 support zone, the structure could invalidate the expected bullish wave 5 target, leading to a potential deeper correction. Summary: The chart shows a potential bullish continuation in SOL, with a target in the $680 zone if wave 4 support holds and wave 5 unfolds as anticipated.
BINANCE:SOLUSD
by melikatrader94
19
AAON possible short AAON is due for a pull back. Please see the Monthly chart. • Almost every time the momentum oscillator reaches about 79 level, there is a major pullback. • There is an upwards sloping parallel channel that started 11/7/22. About 70% of these eventually break down. It reached the top of the parallel channel a few days ago, but 1 more push up will put it there again and with the Momentum oscillator probably close to target level. Please see the 4-hour chart. • The top may have already been put in. However, this still (in my opinion) may be a good starter position. • You may want to consider looking for additional places to enter. These might include going back to the top of the parallel channel, double top of all time high, or a price/RSI divergence on the 1-hour chart. Take profit targets: First of all, please use a stop loss, especially if you get into a profitable position. Lock in the gains. Target 1: The previous major high pivot of 4/29/24 which is $96.34 Target 2: Trend line at $96.34, which was the previous resistance level, which could become support. Target 3: The trend line at $71.39, which is also a Fibonacci 0.5 retracement level. There is also a major upsloping trendline that will act as support is the timing is right and these level intersect with the price.
NASDAQ:AAON
by Box-Man
1
EUR/USD Outlook: Scenario with Yield Spread The chart suggests a few key points about EUR/USD: What is the Yield Spread? The yield spread is simply the difference between the interest rates (or yields) of two different bonds, usually from different countries or types of bonds. For example, in this analysis, we’re looking at the yield spread between German 10-year bonds and U.S. 10-year bonds. If the U.S. bond yield is higher than the German bond yield, the yield spread is negative, making U.S. investments more attractive, which can strengthen the dollar compared to the euro. In short, the yield spread gives us a quick way to see which country’s bonds are offering better returns, helping us understand currency trends. 1/ Yield Spread (Germany vs. U.S.) The yield spread (pink line) is falling, showing that U.S. bonds offer better returns than German bonds. This makes the dollar more attractive than the euro, adding downward pressure on EUR/USD. 2/ EUR/USD Downtrend: EUR/USD has been trending down, moving in line with the yield spread. If this trend continues, EUR/USD could keep dropping. However, the RSI indicator shows oversold levels (below 30), suggesting a possible short-term bounce. 3/ RSI Oversold Signal: With RSI in the oversold zone, EUR/USD might see a short-term rebound, although the main trend remains bearish. Two Potential Scenarios Scenario 1: Short-Term Rebound, Then Further Drop What could happen: EUR/USD might bounce to a nearby resistance (around 1.0850) due to the oversold RSI. After that, it could resume its fall as the yield spread still favors the dollar. Trading Tip: Look for sell opportunities if EUR/USD rises temporarily, expecting a continuation of the downtrend. Scenario 2: No Rebound, Continued Downtrend What could happen: If the yield spread keeps dropping, EUR/USD could fall directly to lower levels like 1.0600, with no significant rebound. Trading Tip: Consider holding or adding to short positions if the spread keeps falling and supporting the dollar. Conclusion: The yield spread currently favors a strong dollar, which could continue to push EUR/USD lower. Although a short-term rebound is possible due to the oversold RSI, the overall trend likely remains downward unless there’s a shift in the yield spread. However, it’s important to remember that the yield spread is only a powerful indicator, providing insight into the current market sentiment. This is just one possible scenario and should not be viewed as a guaranteed outcome. Market conditions can change rapidly, and no indicator is 100% reliable.
by yashida
US30USD Will Go Higher From Support! Long! Here is our detailed technical review for US30USD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 42,119.2. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 42,845.4 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
OANDA:US30USDLong
by SignalProvider
2
EURUSD Will Go Down From Resistance! Short! Take a look at our analysis for EURUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.079. The above observations make me that the market will inevitably achieve 1.068 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1