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Elliott Wave Analysis (1H Timeframe): The bullish bias from the 1D and 4H charts remains intact on the 1H timeframe. Despite the corrective Wave (A)-(B)-(C) in progress, the market is likely still in an uptrend. Key support levels, like Wave (B) at 2,542,740, suggest higher lows forming, indicating potential for further bullish momentum after the correction...

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Elliott Wave Analysis The chart indicates a completed Wave 5 (D) near 2,659,218, signaling a potential end to the prior impulsive move. Both chart sections display corrective (A)-(B)-(C) subwaves, suggesting the conclusion of a Wave C downtrend, possibly leading to a reversal or continuation. The clear five-wave structure followed by the A-B-C corrective phases on...

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I'm currently observing a distribution phase in XAUUSD, where a trading schematic appears to be unfolding based on available data. We have completed phases A (BC, AR, ST). Phase B formed a significant area of supply (SOW) within wave 4 of the internal cycle, supported by clean price action, thereby adding confluence to harmonic patterns. Phase C (LPS) tested the...

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If you're reading this or found the analysis helpful, please take a moment to share your thoughts. Your opinion is valuable! Like the post if you support this idea, or comment with an explanation if you have a different perspective I'm currently observing a distribution phase in XAUUSD, where a trading schematic seems to be unfolding based on available data. We've...

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I'm currently assessing the potential continuation of the downtrend for gold on the hourly cycle.

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am currently bearish on the NASDAQ and am closely monitoring critical support levels that indicate the conclusion of Internal Wave 5. We anticipate a potential rally on the buy side, specifically in Internal Leg 4, which may take the form of patterns such as ABC, WXY, or Flat before a reversal and continuation of the primary downtrend. The current market...

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My current outlook for GBP/JPY is based on the 4-hour timeframe. According to higher timeframe (HTF) analysis, we appear to have entered a corrective phase for leg 4 on the monthly timeframe. Examining internal cycles, we observe the full development of waves 1-5 for either leg A or leg W, which represents the initial wave of HTF wave 4. I anticipate a bullish...

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My current outlook for GBP/JPY is based on the 4-hour timeframe. According to higher timeframe (HTF) analysis, we appear to have entered a corrective phase for leg 4 on the monthly timeframe. Examining internal cycles, we observe the full development of waves 1-5 for either leg A or leg W, which represents the initial wave of HTF wave 4. I anticipate a bullish...

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I anticipate bearish price action in the gold market over the next few days, primarily due to expected correction phase. Reasoning: Given the recent bullish rally, I foresee a corrective pullback as the market adjusts from overbought conditions. Technical Analysis: Key technical indicators suggest potential downside momentum, with support levels being...

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Overview: I am providing an outlook on the GBP/JPY . Currently, the pair is in the Accumulation Phase. Current Phase: We are observing an ongoing Accumulation Phase, which is critical for identifying potential trading opportunities. This phase typically involves a period of consolidation where the market gathers strength before making significant moves. Analysis...

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Overview: I am providing an outlook on the GBP/JPY Currently, the pair is in the Accumulation Phase. Current Phase: We are observing an ongoing Accumulation Phase, which is critical for identifying potential trading opportunities. This phase typically involves a period of consolidation where the market gathers strength before making significant moves. Analysis...

spaceangel

Overview: I am providing an outlook on the GBP/JPY. Currently, the pair is in the Accumulation Phase. Current Phase: We are observing an ongoing Accumulation Phase, which is critical for identifying potential trading opportunities. This phase typically involves a period of consolidation where the market gathers strength before making significant moves. Analysis...

spaceangel

Overview: I am providing an outlook on the GBP/JPY pair for the next 1months. Currently, the pair is in the Accumulation Phase. Current Phase: We are observing an ongoing Accumulation Phase, which is critical for identifying potential trading opportunities. This phase typically involves a period of consolidation where the market gathers strength before making...

spaceangel

Overview: I am providing an outlook on the GBP/JPY pair for the next 3months. Currently, the pair is in the Accumulation Phase. Current Phase: We are observing an ongoing Accumulation Phase, which is critical for identifying potential trading opportunities. This phase typically involves a period of consolidation where the market gathers strength before making...

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Overview: I am providing an outlook on the GBP/JPY pair for the next 12 months. Currently, the pair is in the Accumulation Phase. Current Phase: We are observing an ongoing Accumulation Phase, which is critical for identifying potential trading opportunities. This phase typically involves a period of consolidation where the market gathers strength before making...

spaceangel

am currently bearish on the NASDAQ and am closely monitoring critical support levels that indicate the conclusion of Internal Wave 5. We anticipate a potential rally on the buy side, specifically in Internal Leg 4, which may take the form of patterns such as ABC, WXY, or Flat before a reversal and continuation of the primary downtrend. The current market...

spaceangel

I am currently bearish on the NASDAQ and am closely monitoring critical support levels that indicate the conclusion of Internal Wave 5. We anticipate a potential rally on the buy side, specifically in Internal Leg 4, which may take the form of patterns such as ABC, WXY, or Flat before a reversal and continuation of the primary downtrend. The current market...

03:06

spaceangel

Based on current analysis, I am bullish on GBP/JPY. The existing templates remain valid, and I will be leveraging this opportunity next week through price action strategies. Further details will be provided in upcoming updates, focusing on the internal cycles across the 4-hour, 1-hour, and 15-minute timeframes.