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Wave Analysis

Elliott Wave Analysis & XAUUSD Trading Plan – May 26, 2025📊 Elliott Wave Analysis – XAUUSD – H1 Timeframe On the H1 chart, drawing an Elliott channel reveals that price is currently within wave iii (orange), and developing wave 5 (green) within that structure. Once wave 5 (green) completes, the market is expected to correct downwards into wave iv (orange) before resuming the uptrend to complete wave v (orange). 🔍 Detailed Breakdown of Wave 5 (Green): Two Scenarios in Play Scenario 1 – Wave 5 (green) is NOT yet complete Price is currently forming a small wave 4 (Flat) within wave 5 (green). A final push upward is expected to complete wave 5, with two potential targets: 🎯 Target 1: 3373 🎯 Target 2: 3397 Scenario 2 – Wave 5 (green) is already complete This would confirm that wave iii (orange) has ended, and the market is entering wave iv (orange) — likely to take the form of a zigzag, flat, or triangle pattern. 🎯 Target zone 1: 3317 🎯 Target zone 2: 3290 📉 Momentum Analysis • D1: Momentum is turning bearish. Await today's daily candle close for confirmation of a broader weekly downtrend. • H4: Momentum has already reversed to the downside ⇒ expect sideways or bearish moves during the day. • H1: Momentum is currently rising ⇒ a short-term bounce is possible. Watch for bearish reversal signals on H1 to validate SELL setups. 📌 Trade Plan 🔽 Potential SELL Setup ✅ Sell Zone: 3373 – 3376 ❌ Stop Loss: 3383 🎯 TP1: 3343 🎯 TP2: 3317 🔸 Note: Only sell if H1 momentum confirms a bearish reversal. If price breaks above 3376, wait for a higher entry at 3397. 🔼 Potential BUY Setup ✅ Buy Zone: 3316 – 3313 ❌ Stop Loss: 3306 🎯 TP1: 3343 🎯 TP2: 3373 🔸 Note: Only buy if H1 momentum flips bullish. If this zone breaks, wait to buy lower at 3290.
OANDA:XAUUSDLong
by WavePoint_FX
Monday Bounce from 4H Demand ZoneAfter taking a controlled loss on Friday, I came into Monday focused and clear-minded. Price tapped into a clean 4H demand zone and printed a strong bullish engulfing candle — a textbook rejection from imbalance. I waited for the 4H candle close before entering long. Risk was tight below the demand zone, with a clear target above — offering a high RR setup. This trade wasn’t about the day of the week; it was about respecting structure, imbalance, and confirmation. Pair: US500 Timeframe: 4H Setup: Bullish engulfing off 4H demand zone + imbalance fill Entry: After 4H candle close Stop Loss: Below demand wick Take Profit: Major clean high above imbalance Risk-to-Reward: Over 3R This is why I trade the 4H. One clean move. No stress. No noise. Just structure + patience. – THE 4H TRADER
CAPITALCOM:US500Long
by Austin-August
Gold Market Analysis – May 26The gold market is showing signs of a modest recovery following the recent decline, but the price action remains cautious and lacks strong momentum. In this morning’s session, gold bounced back from the $3,320–$3,330 support area and is now hovering around $3,347, which aligns with a previously rejected resistance zone. This rebound appears technical rather than a confirmed shift in trend, as trading volume during the upward move is still relatively low, signaling buyer hesitation. The $3,350 level is a critical resistance area. Unless we see a clean breakout above it with strong volume, any attempt to buy here may be premature. However, a confirmed break above $3,350 could open the path toward retesting $3,435 and potentially $3,500 in the medium to long term. On the other hand, failure to hold above the $3,330–$3,320 range, and especially a drop below $3,290, would likely trigger a deeper correction down to the $3,200 support. In terms of strategy, traders looking to go long should avoid chasing current prices and wait for either a confirmed breakout above $3,350 or a pullback to the $3,320–$3,290 zone. Look for signs of bullish continuation such as higher lows and strong candle confirmation. For those considering short positions, keep an eye on the $3,350 area for bearish rejection patterns like pin bars or engulfing candles on the 4H or daily chart, but only act if clear confirmation appears—don’t guess tops. In summary, the market is currently in a pivotal consolidation phase. How price behaves around the $3,350 level will shape the next move. While the longer-term outlook remains bullish, traders should remain patient and disciplined, avoiding impulsive entries until the market provides clear signals. Warm regards,
OANDA:XAUUSD
by Henrybillion
Monday Bounce from 4H Demand ZoneAfter taking a controlled loss on Friday, I came into Monday focused and clear-minded. Price tapped into a clean 4H demand zone and printed a strong bullish engulfing candle — a textbook rejection from imbalance. I waited for the 4H candle close before entering long. Risk was tight below the demand zone, with a clear target above — offering a high RR setup. This trade wasn’t about the day of the week; it was about respecting structure, imbalance, and confirmation. Timeframe: 4H Setup: Bullish engulfing off 4H demand zone + imbalance fill Entry: After 4H candle close Stop Loss: Below demand wick Take Profit: Major clean high above imbalance Risk-to-Reward: Over 3R This is why I trade the 4H. One clean move. No stress. No noise. Just structure + patience. – THE 4H TRADER
ICMARKETS:USTECLong
by Austin-August
₿ Bitcoin Weekly Chart – Is Wave 5 Now in Motion?Bitcoin has found strong support and looks to be powering higher again. Based on Elliott Wave structure, we may now be entering the final leg of this major impulsive wave sequence—Wave 5. ✅ Support Held at a Classic Level Wave 4 recently pulled back to the 38.2% Fibonacci retracement level of Wave 3—an area that often serves as key support in bullish Elliott Wave trends. This bounce suggests buying interest remains strong at this level. 📈 Next Target: Wave 5 Projection If the current structure holds, Wave 5 could aim for the 61.8% Fibonacci extension of Wave 1 + Wave 3, which points to a potential target around $132,669. This level lines up with the upper boundary of the ascending channel, offering a confluence of resistance. ⚠️ One Caution: The Wave 3 Structure While the count remains valid, Wave 3 lacks ideal symmetry, and may not exhibit the “right look” that Elliott Wave theory often prefers. This introduces a slightly lower confidence level, but not enough to invalidate the primary bullish scenario. 🧠 For Beginners: Elliott Waves are patterns of market behavior. A full trend typically moves in five waves, with Wave 5 often being the final push before a larger correction. Fibonacci levels help us project where waves may end based on the size of prior moves. 📌 Summary: Wave 4 found strong support at 38.2%. Wave 5 may now be in progress, targeting $132,669. Keep an eye on price action near the top of the channel to gauge momentum and potential exhaustion. If Bitcoin can maintain its trajectory, we may soon test the highs projected by this wave count.
BITSTAMP:BTCUSDLong
by RealWaveTrader-
GBP/USD Daily Chart – Explosive Move Building in Wave 3?The GBP/USD daily chart is setting up for what could be one of the most powerful bullish phases in an Elliott Wave sequence: a third wave. 🔥 What This Means: Elliott Wave theory identifies the 3rd wave as the strongest and fastest part of a trend. Price action suggests that GBP/USD is just starting this move, which means we could see sharp momentum to the upside in the coming days and weeks. 🎯 Key Target: The first key level to watch is around 1.5315, which is the 1.618 Fibonacci projection of Wave 1. This is a common and high-probability target for a Wave 3 rally. 🧠 For Beginners: In Elliott Wave theory, markets often move in impulses of 5 waves. The 3rd wave is typically the strongest. When that third wave itself breaks down into another 5-wave structure, the middle wave of that sequence (the "3 of 3") tends to produce the most aggressive movement. 📌 Summary: GBP/USD appears to be starting the 3rd wave, a powerful bullish signal. Near-term resistance to watch is at 1.4200, with potential for further upside if momentum continues. This could be the early stages of a high-probability swing trade setup. Keep an eye on the smaller timeframes for intraday confirmation!
Long
by RealWaveTrader-
Bitcoin Update – Expanding Triangle in Progress?BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD 📈 We're tracking a complex structure unfolding on the current chart, and signs now point to a possible Expanding Triangle based on pure NeoWave logic. 🔷 Wave C showed a clear contraction compared to Wave A 🔷 Wave D has now expanded 161.8% of Wave B  → This hits the upper Fibonacci boundary for triangle legs, confirming that Wave D is emotional and directional, yet still structurally valid So what’s next? 🔷 Wave E is expected to:  🔹 Expand beyond Wave C  🔹 Possibly match or slightly exceed Wave D  🔹 Remain corrective (not impulsive)  🔹 Complete the expanding wedge with a visibly emotional climax If this plays out correctly, we’ll have a fully confirmed Expanding Triangle, likely leading to a sharp thrust. 🧠 NeoWave Reminder: Only one leg in a triangle may violate the price/time contraction rule — and D has done that. Wave E must now complete the pattern without breaking visual logic. 📌 Watching closely for the structure of Wave E. If it forms as a 3-leg correction and expands past C, this pattern will be confirmed. BINANCE:BTCUSDT.P BINANCE:ETHUSDT COINBASE:ETHUSD COINBASE:SOLUSD BYBIT:BTCUSDT.P
Short
by TradingHeights
May 26, 2025 - XAUUSD GOLD Analysis and Potential OpportunitySummary: Last week closed with a strong bullish weekly candle, showing clear upside strength. Watch the 3370 breakout level — if price breaks above it, it would confirm renewed bullish momentum. From the daily perspective, if price falls below 3288, it could indicate strengthening bearish pressure and a potential trend shift. Key Levels to Watch: 3365: Key intraday resistance 3357: Resistance 3350: Midpoint resistance 3345: Resistance 3339: Support 3332: Key support 3323: Intraday support 3315: Support 3300: Psychological level 3288: Critical support Short-Term (15m) Trading Strategy: For Shorts: Enter a SELL if price breaks below 3332 → Watch 3329, then 3323, 3315, and 3305 For Longs: Enter a BUY if price holds above 3345 → Watch 3350, then 3352, 3357, and 3365 👉 If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a like — your support really motivates me. Thank you! Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
OANDA:XAUUSD
by Ombabibi
IBM... Time to pull the plug ?For those who think the market in general and technology in particular are over valued, one sale candidate may be IBM. Technically we have reached the first and second objectives of a Harmonic Cypher pattern began in early April. Secondly a Bearish Wolfe Wave pattern appears to have formed. RSI is overbought but there is no divergence yet, If we close several times below $266 (the February triple top) then this may be a confirmation signal. More confirmation would be a breach of the WW's 1-3 line marked in red. If this occurs my target would be the $240 area. Always assess the market and sector direction before entering a position Do your own due diligence,,, not investment advice. Good Luck S. (Note this is a shorter term chart)
NYSE:IBMShort
by Steve666
2025.05.18 BITCOIN Short-term long positionWe are the SeoVereign Trading Team. With sharp insight and precise analysis, we regularly share trading ideas on Bitcoin and other major assets—always guided by structure, sentiment, and momentum. 🔔 Follow us to never miss a market update. 📈 Bitcoin (BTC) Long Position Outlook Currently, Bitcoin has confirmed support after two valid Bat patterns played out. From an Elliott Wave perspective, the market is in a consolidation phase, and it’s unclear whether the next move will be an impulse or a corrective wave. However, what’s important is that the next wave is very likely to be bullish. So regardless of its type, this is a zone to consider a long position. One important point to emphasize: Do not try to predict the distant future with Elliott Wave or Harmonic patterns. These tools are excellent for identifying short-term direction and entries, and our accuracy over time has proven this. Instead of drawing overly extended scenarios, focus on high-probability short-term setups and place your bets accordingly. For this reason, I’m presenting a long position at the current level. 🎯 Target Levels 1st Target: 103341 2nd Target: 103569 3rd Target: 103793 Adapt to the market structure, and place strong bets only on what’s predictable. 📊 Strategic Implications of Rising Bitcoin Dominance Recently, Bitcoin dominance has been rising significantly. This indicates that Bitcoin's upward momentum is currently the leading force in the overall market. During such periods, many novice investors tend to accumulate altcoins instead. They expect similar gains from altcoins as they see in Bitcoin, and often bet on relatively "cheaper" assets. However, in reality, this is precisely the time to buy more Bitcoin aggressively. There’s always a reason why certain assets fail to rise. If a coin doesn't move even when the broader market is going up, it should be interpreted as a lack of relative potential. ✅ In conclusion, In a dominance environment like this, a Bitcoin-centered portfolio is a more rational strategy than focusing on altcoins. Staying aligned with Bitcoin’s trend is the smarter approach to increase the probability of profit.
Long
by SeoVereign
1
Sideways Still in Play for ETH After RejectionIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Recap Ethereum just tapped into a key Area of Interest and got rejected. The move confirmed short-term resistance while keeping the broader wave structure intact. Although no clear breakdown has followed, the rejection signals that the asset is still mid-cycle. The expectation now is for a sideways consolidation. This aligns with a developing wave 4, but the price action ahead will determine how this structure unfolds. Wave Structure At present, the count favors a completed wave 3 followed by a wave 4 that is still forming. The rejection at the AOI fits the narrative of a corrective structure underway. Whether that plays out as a triangle or a flat will depend on how the next legs print. Key markers are in place: AOI was respected No breakdown of the prior key support level Above the 0.382 to 0.5 retracement zone remains in focus as a reaction area Should price expand beyond typical retrace/time boundaries, the degree of the count may need to be adjusted. A more complex correction or a deeper reset could shift the current interpretation from a wave 4 into something more substantial. Outlook • Rejection confirms resistance • Expecting sideways movement to continue • Watching the 0.382 to 0.5 zone for key price behavior • Price action will determine the next wave structure • If momentum expands rapidly, degree reassessment is on the table Ethereum’s current posture suggests a market in digestion mode. Whether this leads to a launch into wave 5 or deeper corrective behavior, the next prints will be critical. No confirmation of bullish continuation yet. More updates soon as the next leg develops. Trade safe, trade smart, trade clarity.
COINBASE:ETHUSDLong
by CryptoKnee