XRPUSDT is exhibiting a clear Elliott Wave structure on the 1H timeframe. The price has recently completed the ABC correction near a major Demand Zone at $1.95–$1.82 and has begun a new impulsive wave sequence. The structure shows Wave 2 in progress, with a projected target for Wave 5 near $3.51. The market appears to still be in Wave 2 of a new impulsive...
ETHUSDT is currently trading inside a strong daily supply zone near the $4,000 level. This level has shown significant rejection in the past, as seen earlier this year. Using Elliott Wave Theory, ETH appears to be in an impulsive wave 3 on the daily timeframe. Current Wave in Progress we are currently in Wave 3 of the Elliott Wave structure. A break above...
SMCI: Long Setup Analysis (4H Timeframe Update) Previous Idea Recap: The prior long setup on SMCI performed excellently, with the stock rebounding sharply from a prolonged downtrend caused by adverse news. The price is now in a strong recovery phase, breaking key resistance levels and surging higher. Supply and Demand Zones (Updated): - Supply Zones...
o The weekly chart suggests the completion of a 5-wave impulse to the upside. o Currently, the price is forming an ABC corrective structure: o Wave A is complete and has tested the previous demand zone. o Wave B appears to be forming a rising wedge (bearish continuation pattern). o Wave C is anticipated to move lower, targeting deeper demand zones...
Analysis: The stock appears to be in Wave 4 completion, and Wave 5 seems to be forming as per Elliott Wave Theory. The recent pullback aligns well with a key demand zone around 3.39, which has been respected, indicating strong buying interest. Wave Analysis: - Wave (1): Impulsive move from a prior consolidation range. - Wave (2): Corrective pullback,...
Higher Time Frame (HTF) Perspective (Weekly Chart) Tesla has been in a strong uptrend since April 22, 2024, when it bounced from a major demand zone after being in a downtrend science Nov 2021. with a clear Elliot wave 1,2,and 3 formations, the impulsive Wave 3 on the HTF appears complete, with an expected retracement to Wave 4 levels in the $326–$293 zone, which...
Objective: Profit from the volatility and potential rebounds of stocks priced below $1, often referred to as "penny stocks," while managing delisting risk. Delisting Pressure Stocks trading below $1 for extended periods risk NASDAQ delisting. Companies often act to boost stock price through: Positive news announcements. Mergers, buybacks, or reverse...
BILDCO – Bullish Reversal in Play 🚀 Ticker: BILDCO (ADX) Timeframe: H1 Setup: Elliott Wave + Demand Zone Strategy Trading Idea: 1. The corrective Elliot Wave (c) ready to wrap up as price dips into a strong Daily Demand Zone between (0.620 - 0.600), right in line with the Fibonacci extensions 1.382 (0.5810) and 1.618 (0.5429). - If this level...
"EUR/USD Ready for Liftoff: Demand Zone Hold & Wave 1 Rally Incoming 🚀" Analysis: Price has completed Wave (c) in a corrective structure and is primed for a bullish Wave (1) push. The pair is sitting strong in the 1.0200-1.0325 demand zone, showing signs of a bounce. Key Drivers: Forex Options Expiry: High activity around 1.0570-1.0600 today could act as a...
Elliott Wave Analysis: On the 2H timeframe, Wave 4 has completed, as indicated by a retracement to a demand zone, respecting typical Elliott Wave guidelines (commonly a 38.2%-50% retracement of Wave 3). Wave 5 is now expected to push prices higher, completing the impulsive structure of Wave (3). The projected targets for Wave 5 align with Fibonacci extensions...
🚀 SMCI Long Setup (4H Timeframe) 🚀 🔍 Trading Plan This setup aligns with Elliott Wave theory, showing potential for Wave 5 development supported by the demand zone and Fibonacci retracement/extension levels. --- 📉 Trade Details - Entry: ~$34.93 - Price is near a demand zone, aligning with the 0.5 Fibonacci retracement level of Wave (4). This...
🔍 Trading Plan This is a long trade setup based on Elliott Wave analysis and key support/resistance levels. 📉 Trade Details Entry: 0.002834 Price is near a strong demand zone and aligns with support at the Wave (4) level. Stop-Loss : 0.002590 Positioned just below the demand zone to minimize risk. Take Profit Targets: Target 1 : 0.003415 This corresponds to...
🚀 NVIDIA (NVDA) Earnings Beat Expectations! 🚀 NVIDIA just released its earnings report last night, and the results are stellar: 💰 Revenue: $35.08 billion 🔥 Exceeded Expectations: By 5.77% This impressive beat highlights NVIDIA's dominance in the AI and semiconductor space, showcasing its ability to capitalize on booming demand for cutting-edge technology. 📊...
Bitcoin is technically riding Wave 5 on both higher and lower timeframes – a strong indication of potential momentum toward its maximum potential! 🎯 📊 Key Levels Target: $102,000 (Fib 1.618 extension level) Stop Loss: $91,800 (below Wave 4) Entry: Market Price 📈 Risk-to-Reward: 2.5:1 RRR This setup aligns perfectly with Elliott Wave theory, signaling...
The XRP/USDT pair is showing strong signs of entering Elliott Wave 5, suggesting a potential bullish opportunity. Here's the breakdown: 📊 Wave 5 Projections: Based on Fibonacci extensions, Wave 5 targets suggest a potential move towards $1.4457, aligning with key resistance levels and historical price zones. 💡 Strategy: Entry: Consider entering at market price...
Since November 6th, we’ve witnessed a seismic shift in the market landscape, with crypto breaking through and outperforming the broader market. 📈 The sectors leading the charge against the S&P 500 are XLY, XLE, XLF, XLC, and XLK. Notably, the MAG 7 have also been outpacing the market since November 7th. 💪 Smart money seems to be flowing into crypto,...
Gold’s been in a downtrend since late October, wrapping up Elliot Wave 5. But here’s the kicker: on the 4H chart, we’re spotting a possible inverse Elliot wave cycle. 📉 We’re nearing the end of this correction phase and gearing up for a bullish breakout! 🚀 Currently, we’re trading in a robust Daily demand zone, eyeing a reversal that could kickstart a fresh...
Asset Class: Stocks Income Type: Weekly Symbol: PGR Trade Type: Long Trends: Short Term: Down Long Term: Up Set-Up Parameters: Entry: 246.66 (Confirmation Entry) Stop: 234.70 TP 282.53 (3:1) Trade idea: A price pin into a daily demand zone , Buying the breakout on the 1H TF as the price pullback and the SL at the distal line of the DZ (Conservative) . The...