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Wavetheory

Hellena | SPX500 (4H): SHORT to 38.2% - 50% Fibo lvl 5489.Colleagues, I have reviewed the waves a bit and I believe that when the strong psychological level of 6000 is reached, a reaction and correction in wave “2” is possible. I propose to consider this movement as a strong five-wave movement. Wave “1” will be over soon. I consider the 38.2% - 50% Fibonacci levels of 5489 to be the main target of the correction. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:SPX500USDShort
by Hellena_Trade
5
Hellena | GOLD (4H): LONG to resistance area of 3300.Dear colleagues, I still expect an upward movement, because I am sure that the five-wave movement is not over yet. The price has updated the 3202 level, which means that wave “4” is a combined correction (WXY) and it is just completing its movement. I expect the price to start an upward movement and reach at least the 3300 resistance area. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
FX:XAUUSDLong
by Hellena_Trade
18
Is TSLA Going Strong Bullish?I believe we have seen the bottom of TSLA. And we are not going below 222 again. TSLA has been through some difficult corrections, which can be read in many different ways. After spending some time studying the 3-waves and 5-waves since the top in November 21, I believe I have a strong case in my reading, and I believe Elon is going to make TSLA a bullish stock again. We are right now in a wave 1, so there will be a small correction soon, but I don't believe we will go below 222 again.
NASDAQ:TSLALong
by TheDane
DXY Has More To The UpsideDXY is right now in what I believe to be a 4th wave correction, which has turned into a wxy, and probably also will turn into a WXYXZ. It has plenty of room to develop. Since 4th wave corrections has a tendency to enter the area of the 4th wave of previous impulse, it will most likely go up to the area of the green rectangle above. This will be between 103.2 - 104,7. If it will go further up before heading down is to early to say. But my previous forecast about it will go down below 96 is still in play and intact.
TVC:DXY
by TheDane
Hellena | GOLD (4H): LONG to resistance area of 3495.The design of the previous idea had an error in the table of contents and I decided to make a new one. The price has reached the support area 3240 and at the moment I expect the price to start an upward movement in the wave “3” of the middle order - it will be a continuation of the wave “5” of the higher order. The target is the same - the maximum of wave “3” 3495. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
FX:XAUUSDLong
by Hellena_Trade
19
Gold Is Doing What Ever Gold Wants To DoPreviously I posted a reading where I said gold was to go a bit down before is went up. But Gold didn't go down, and went straight up. But it did go up right :D Right now I strongly believe gold is in a wxy correction. And I think will finish the y-wave i the green box area somewhere between 3,147 and 3,077, which is the 100-123% fib-level of the w-wave. The reason I believe this, is at that timewise the y-wave will here have taken as long as the w-wave, and I the price is heading for that cyan median line. And normally price will also go to the bottom and a bit below of the Kennedy line. Multiple factors are pointing to that level. When price hits that level, I believe we will see a 5th level to the upside where 4,000 definitely is in play. I will include a link to a higher degree reading, where you can see I believe gold has finished a third wave, so we still need a 5th wave to the upside.
COMEX:GC1!
by TheDane
Hellena | BITCOIN (4H): LONG to resistance area of 101,000.Dear colleagues, in the coming week I expect price to continue rising in wave “5”. I think that wave “3” is already completed and now we are witnessing a small correction. Reaching the resistance area of 101,000 will be the end of the big “ABC” correction. The 91,601 area could be a good support area to complete the correction. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
BINANCE:BTCUSDLong
by Hellena_Trade
9
Hellena | EUR/USD (4H): LONG to the resistance area 3495.Colleagues, price has successfully formed an “ABC” correction and I see that the upward movement is not over. I think that wave “5” of the higher order consists of five waves and at the moment wave “1” of the lower order is formed. This means that I predict a target at the high of wave 3495. Presumably correction “2” can reach a rougher target in the area of 3240. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
FX:XAUUSDLong
by Hellena_Trade
4
Hellena | GOLD (4H): LONG to resistance area of 3400.Colleagues, I've redrawn the waves a bit, because it looks like the correction should be over. I believe that the upward movement will resume soon. I expect two variants of events: 1) the price will reach the support area 3162, form wave “4” and after that we will see an upward movement - this is a variant of entering a position with pending limit orders. 2) Price has already formed wave “4” and then we will see only upward movement. This is a variant of market entry. In both cases I expect the price to come to the target in the resistance area of 3400. This is a pretty strong level from which there could be a strong correction. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
FX:XAUUSDLong
by Hellena_Trade
28
Hellena | Oil (4H): SHORT to support area of 54.00.Friends, what do we see after the recent downward movement? Most likely we see a continuation of the downward movement in a combined correction. The hardest thing about compound corrections is to understand where the wave ends and begins. I believe that the price is now in the middle wave “C” and will continue the downward movement to the target of 53.991. Wave “B” is likely to reach the 60.00 area, but I do not recommend long positions. Work with pending limit orders. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
20
Hellena | Oil (4H): SHORT to support area of 55.204.Colleagues, I believe that the price will continue its downward movement. At the moment we are observing a combined correction. I expect the completion of wave “Y”. Even if it is already completed, the price is still waiting for a downward correction to the support area of 55.204. Therefore, I think that 55.204 is the 1st minimum target. There are two possible ways to enter the position: 1) Market entry 2) Pending Limit orders. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
22
Hellena | EUR/USD (4H): LONG to the resistance area 1.15878.Colleagues, I believe .that the five-wave movement is not over yet and another wave of upward movement is waiting for us. I believe that wave “4” has almost completed the correction or has already completed it. In any case, I consider the main target to be the resistance area at 1.15878, which is the minimum target and the top of wave “3”. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
27
Hellena | BITCOIN (4H): LONG to resistance area of 98,000.Dear colleagues, in this forecast I will not make too forward-looking plans. I believe that the upward movement is not over yet, because the wave “C” is not yet completed and consists of five waves. I think that we should expect to reach the resistance area of 98,000. A small correction to the support area of 90,000 is possible. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
BINANCE:BTCUSDLong
by Hellena_Trade
25
Hellena | GOLD (4H): SHORT to 38.2%-50% Fibo lvl 3228.Colleagues, last week we got a stoploss, but I still believe that we should expect a correction in wave “2”. We will try to catch this movement this week. I believe that the price will correct to the area of Fibonacci 38.2% - 50% levels (3228.41). Perhaps the price will slightly renew the maximum of wave “1”, reaching the level of 3438. In this case I recommend to work with pending limit sell orders. And some data: The prevalence of bulls according to CME reports additionally increased by 13%. The 23% increase in market volume, meanwhile, indicates a likely strong momentum pattern during the trading week. Despite the 13% increase in buyers, selling patterns towards the balance level of the week (3200.00) are recommended for the current trading week. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
FX:XAUUSDShort
by Hellena_Trade
27
Hellena | SPX500 (4H): LONG to resistance area of 5682.Colleagues, I think that the deep downward movement is over and at the moment I expect an upward movement in a five-wave impulse. At the moment I expect a correction in wave “2” to the area of 5100, after which I expect the development of wave “3” at least to the resistance area of 5682. There are two possible ways to enter the position: 1) Market entry 2) Pending Limit Orders. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:SPX500USDLong
by Hellena_Trade
10
BTC is Still A Correction.BTC is in good rally these days, but my believe is that it is still in a correction. I am not 100% confident in wavecount, but I am confident that BTC is not done correcting until it has gone down to somewhere between 62.500 - 52.500. If the rally BTC is currently in, I believe we are seeing a flat, and I will correct my count accordingly.. But right now I'm seeing a W-X-Y-X-Z correction. Be careful, and do not bet on BTC is rallying to a million just yet ;) For now I believe there will be good odds for following the white line I've drawn on the chart.
by TheDane
Hellena | BITCOIN (4H): LONG to resistance level of 90,000.Colleagues, after drawing the waves I realized that bitcoin is in a major wave “IV” correction and I believe that this correction is either over or about to be over. Either way I believe that long positions should be prioritized. I expect that the price will either immediately start an upward movement and reach the psychological resistance level of 90,000, or will update the low in the area of 75,866 a little more and then start moving towards the target. In the second case, I advise using pending limit orders. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
BINANCE:BTCUSDLong
by Hellena_Trade
20
BTC short term Wave countAnalyzing a Bitcoin (BTC) form Wyckoff schema in a 4H chart. We can’t determine if it’s an accumulation or distribution yet. Based on MACD and Elliott Wave Theory, I believe the chart will follow a similar pattern. However, time will determine the outcome. If BTC declines and accumulates within a shorter time frame of Elliot support levels, it could be a long trade opportunity. (This analysis is not financial advice. Your actions are solely your responsibility.)
Long
by maayan_tiran
Binance Coin BNB is Likely to go down, until at least end of MayBNB has been in a correction since the start of December '24. And as time went by, it developed into an combo correction. I believe we are at the end of the purple B-wave of the green (Y) wave. We are right now finithing the white ((c)) wave of purple B wave, so we are going to see a small wave up until around the 630-640 level. And after this the purple C wave is going to take on downwards. And since very rarely the c wave has a shorter timespan than the a wave, we are not going to see this correction end until the end of may/ start of june. I believe the purple C wave are going to take us down to the 382 level in that yellow box. The 383 level is the 61.8% retracement of the primary white ((1)) wave. And this level is also roughly around the 100% Fib level of the purple A wave. If price comes to the green box I've drawn out. I belive that would be a good time to start looking for a confirmation to short.
by TheDane
2
Elliott Wave Principles: A Study on US Dollar IndexHello friends, today we'll attempt to analyze the (DXY) US Dollar Index chart using Elliott Wave theory. Let's explore the possible Elliott Wave counts with wave Principles (Rules). We've used the daily time frame chart here, which suggests that the primary cycle degree in Black weekly wave ((A)) and ((B)) waves have already occurred. Currently, wave ((C)) is in progress. Within wave ((C)) in Black which are Weekly counts, Subdivisions are on daily time frame, showing Intermediate degree in blue wave (1) & (2) are finished and (3) is near to completion. Post wave (3), we can expect wave (4) up in Blue and then wave (5) down in Blue, marking the end of wave ((C)) in Black. Additionally, within blue wave (3) Intermediate degree, we should see 5 subdivisions in red of Minor degree, which is clearly showing that waves 1 & 2 are done and now we are near to completion of wave 3 in Red. followed by waves 4 and 5, which will complete blue wave (3). Key Points to Learn: When applying Elliott Wave theory, it's essential to follow specific rules and principles. Here are three crucial ones: 1. Wave 2 Retracement Rule: Wave two will never retrace more than 100% of wave one. 2. Wave 3 Length Rule: Wave three will never be the shortest among waves 1, 3, and 5. It may be the largest most of the time, but never the shortest. 3. Wave 4 Overlap Rule: Wave four will never enter into the territory of wave one, meaning wave four will not overlap wave one, except in cases of diagonals or triangles. Invalidation level is a level which is decided based on these Elliott wave Principles only, Once its triggered, then counts are Invalidated so we have to reassess the chart study and other possible counts are to be plotted The entire wave count is clearly visible on the chart, and this is just one possible scenario. Please note that Elliott Wave theory involves multiple possibilities and uncertainties. The analysis we've presented focuses on one particular scenario that seems potentially possible. However, it's essential to keep in mind that Elliott Wave counts can have multiple possibilities. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
TVC:DXYEducation
by RK_Chaarts
Still Need Some Correction For S&P500 / ES Before Going UpAttention: Prices are read on the futures chart, so they might be different if you are reading on cash charts. But directions and realtionships, should be very similar. I believe S&P is in a very volatile correction and it is a bit hard to read. To me it looks like price completed a green (a) of the grey ((y)) wave with a failed 5th and started the green (b) wave with a very aggressive purple a wave. I believe we are now finishing the blue a-b-c correction in a c-wave diagonal and I would like to see it go down to 5110 area in the green box, for the c wave to have room to develop into the yellow box in the 5530 area. If price is heading above the 5630 area, I would start to look for another count, since this would mean the green (a)-(b)-(c) correction should have been a flat, and since the green (a) wave is not counted in three waves, this can't be correct. Right now I would like price to go down to the 5110 area, then back up to the 5530, and then we start the last green (c) wave of the grey ((y)) correction. And this green (c) wave has plenty of room. All the way down to 4176 before it invalidates the count. After all this correction, happy days are starting again, where the 5th wave could be heading for the 6500 to 7000 area.
CME_MINI:ES1!
by TheDane