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Wave Analysis

Ocugen DistributionAfter going through its accumulation and euphoric stage, it is currently in distribution. $0.84~ seems to be a point of non-movement. One stimulus and catalyst could turn this. I'm going to keep an eye on upcoming trials cycles and dates and look to take a lotto. Under $1 this looks like an appealing stock. A company with huge potential. Its 3 month bullish cycle in Dec 23 to March 24 provided 484% in gains. To me, this is the end of Wave 2, in a larger bull pattern. If so, we could see wave 3 hit ~$4. I think i'll take a very small position, in case it is still in a bear cycle. One to keep an eye on. Not financial advice.
NASDAQ:OCGNLong
by k_trades11
1
Chevron: Progress!Chevron has dropped decisively, significantly advancing our primary scenario. In this scenario, we expect the ongoing turquoise wave 2 to find its low just above the support at $135.37, which should set the stage for fresh upward movement. In the meantime, the probability of our alternative scenario has been reduced to 32%. Still, the possibility of an already established low of the turquoise wave alt.2 and, thus, a direct breakout above the resistance at $166.91 should be considered.
NYSE:CVX
by MarketIntel
USD/JPY Delivers Exactly as Predicted—Next Stop: 161.92?Daily Context: The daily timeframe continues to respect the bullish structure, with strong upward momentum intact. We’ve successfully broken the last high, achieving the medium-term target of 156.74. My long-term target of 161.92 remains firmly in place, aligning perfectly with the broader trend. 4H Perspective: The market played out exactly as we talked about in the last analysis. After the accumulation phase, the breakout was clean, and the price delivered a strong markup, reaching 156.74. This perfectly confirms the bullish shift we anticipated following the distribution phase and validates the daily demand zone as a solid foundation for upward movement. Updated Trade Plan: Now that 156.74 has been achieved, I’ll monitor for a potential pullback into the 155.50–156.00 zone for a continuation setup. If the bullish structure holds, the next target remains 161.92, which aligns with the higher timeframe trend. 💡 Key Takeaway: Patience and structure-based trading paid off here—once again, the market delivered exactly as expected. The most important thing is to trade markets with clear context and solid setups. Stay focused, and let the market come to you!
Long
by TraderOuss_LumaNex
FLOKI ON TARGET, WHATS NEXT MOVE ?NOW : FLOKI Finish drop to firat target area of Wave 3 🔥🔥🔥 What's the next move ? 📌Next move at fibonacci level 0.618 or 0.000164 📌FLOKI needs a pullback/retest first after its drop to Wave 3 for,and on going to visit next target of Wave 4, hitting the marked target area. 📌Then, it’s likely to continue its decline to complete Wave 5 in the Elliott Wave Expanded Flat Correction. 📌Be cautious about the FOMC data release on December 19. The Fed revised its rate cut projection in the Summary of Economic Projections from 3.4 to 3.9. This will significantly impact the market in 2025, as the Fed might only cut rates 2x or even just 1x next year (This could disappoint the market, which has been overly euphoric). Please follow the trend of Bitcoin and Economic Projection 2025.
Short
by kelvin_gautama9
US30 Falls to 42200 and is now in buyers ZoneUS30 Falls yesterday causing much of the traders to lose their bullish trades. The market faked like it wanted to go bullish but slid over 250 points. Price is currently closer to support 42300 and is likely to continue to consolidate between here and 92900. This is a zone to take small intraday trades to make up for any losses sustained with yesterday's slide. For bullish confirmation look for a retest above 42900. Be careful by paying attention to look for higher highs and higher lows. Be safe out there. Good trading.
OANDA:US30USDLong
by leslyjeanbaptiste
XAU/USD 14.12.2024OANDA:XAUUSD Hello traders, after we broke my last wave 4, I reinterpreted my chart view. Essentially, my second plan is now in effect. For now, we have a big (a)(b)(c) setup, within which we see a 12345 count. Currently, we are in waves 1 to 2. Wave 1 is structured as an abc correction, which itself follows an abc structure. Within the corrective wave b to c, we can also count a 12345 wave setup. Take profit for the sellers would align with the blue Fibonacci extension levels. The 100% extension (the first target) doesn't look very promising to me. It is near the 61% (orange) Fibonacci level but feels too far away. We might observe some bullish momentum there, but likely not enough. The 161% Fibonacci extension (blue), however, aligns almost exactly with the 78% Fibonacci level. If the price reaches this depth, we will likely see many traders closing their sell positions and others opening buy positions. This could generate enough momentum to create a new minor wave 1, which could then evolve into a 12345 setup for our (orange) wave (3). This is one potential scenario, but we need to observe what happens next week. If we see an impulsive move to the upside from another level, I will look for a new wave 1 and then search for higher highs. Wishing you the best of luck!
OANDA:XAUUSDLong
by NeptenFX
1
XAU/USD 17.12.24OANDA:XAUUSD Hello Traders, For the upcoming week, my Elliott Wave analysis suggests higher prices. Three days ago, I shared my long-term chart projection. Now, I’ve broken it down into the minor timeframes to refine the best entry points for my strategy. If you're curious about the current wave we're in, feel free to check out my previous post: Currently, I anticipate the formation of the green Wave 1 to 2 over the next few days, with Wave 2 potentially reaching its bottom soon. We're observing a significant ABC correction. Within the larger Wave B to C, we’ve formed another perfect AB correction, which now appears to consist of a probable 1-2-3-4-5 wave structure. Today, the smaller Wave 3 hit our Fibonacci extension levels perfectly, as shown in the chart. At the moment, we’re experiencing a pullback in Wave 4, which I hope will lead to the completion of Wave 5 tomorrow. This would mark the end of the correction for the green Wave 1 to 2. A smart entry point would be around the 78.6% Fibonacci level, which also serves as a take-profit level at the 100% Fibonacci extension of the seller. This zone will be very volatile. If we gather enough momentum to establish a new Wave 1, we can definitely expect higher prices. Stay focused on the 2630 level, and good luck! If you like my idea, I’d really appreciate some likes and feedback
OANDA:XAUUSDLong
by NeptenFX
GOLD → Interest rates are down, but why is gold falling?FX:XAUUSD falls to 2581. Yesterday's news had a negative impact on the market and it's not about rate cuts. Technically the price confirms the bearish nature of the market. The main reason for the decline in gold prices is the Federal Reserve's caution about lowering interest rates amid the latest economic data. The US central bank lowered the interest rate by 0.25% to the range of 4.25%-4.50% as expected, but for the next year it forecasts 2 rate cuts, which is much less than expected. The Fed's hawkishness has played its role: the dollar is rising, markets are falling. Today all eyes are on GDP and initial jobless claims. Technically, the price is out of the global channel, breaking the support, gold updates the low to 2581. Resistance levels: 2620, 2630, 2636 Support levels: 2616, 2612, 2603 After updating the low, a retest of the previously broken channel boundary and imbalance zones is formed. False breakdown of key resistance, for example 2620 or 2630 and subsequent consolidation of the price below these zones may lead to further decline. Regards R. Linda!
FX:XAUUSDShort
by RLinda
10