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Elliotwaveanalysis

GOLD, will NFP finally start wave C?Hello everyone, Gold currently confusing traders as it switches between correctional movements and speculative pullbacks. From a technical point of view the 2067 level is now very important for the next move, which I expect to be a short one. Only a daily candle close above can invalidate the short scenario which would have the targets 1980 , 1920 and 1895 . The yellow triangle is a possible reversal zone for a wave 2 bottom and bullish move towards new ATH with targets at 2300 and 3000 . Looking at the big picture of Gold, it has been in a very long consolidation in the 1640 - 1980 range. So far every breakout attempt over the upper boundary has been sold within a few days. But with the break above 2000 related to the middle east conflict Gold was able to stabilize above 1980. Most likely the 1980 will be retested to built liquidity for a bullish move first. I suggest to go short to anticipate in wave C of wave 2. The reversal zone for this move is the current resistance 2060 - 2067. I will keep you updated if I see conformation or trading opportunities. If you have any questions feel free to contact me.
CAPITALCOM:GOLDShort
by Kyrean
Cardano (ADAUSD): Fasten your seatbelts! 🚀📈Cardano emerges with a distinctive journey. Having sculpted Waves 1 and 2 within a Flat structure, the focus now shifts to the probable completion of Wave 3, reaching a potential range between 227% and 261%. Anticipating the onset of Wave 4, we pinpoint a pivotal zone between 50% and 61.8%. A breach beneath this range would jeopardize the entire scenario, potentially falling into the territory of Wave 1. The support offered by Wave B within the Flat structure stands as a crucial level, poised to become a notable buy zone. With these dynamics in play, we anticipate a surge to at least 90 cents!
CRYPTO:ADAUSDLong
by freeguy_by_wmc
11
ABNB: price structure The macro structure is bullish from Dec'22 low with important price zones at: 198-217, 227-260 and 282-322 as inter-mediate and ultimate resistance areas for suggested impulsive structure. The gap-up set-up on earnings today is in the cards for price to move towards 198-217 area. But if price decides to consolidate more138-128 area should be an important support zone. If price goes bellow 128 suggested price structure needs to be revised. Thank you for your attention!
NASDAQ:ABNBLong
by artemfedorov
GOLD / USD; Analysis & Trading Plan (24-JAN-24)Hello Traders !! Here is my Gold Analysis & Trading Plan Gold has 2 possibilities , only BUY Setup from now, then drop from after that #tradewithcare Trade With Care, Wave IC ---------- Please follow me and like if you agree or this idea helps you out in your trading plan Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
OANDA:XAUUSDLong
by WaveHubFX
1
Elliot Correction Wave - AUHere I have AUD/USD on the 1Hr Chart! The current Low @ .64686 I believe is the start of a Elliot Correction Wave after seeing the 5th Wave of the Impulse wave previously! Price finally gave us a Break of the Falling Trendline and has worked its way up to our CONFIRMATION @ .65402! If price decides to take a trip down to our INVALIDATION @ .64803, this will diminish my Bullish bias on this move! I am Bullish on this pair where I believe price will break our Confirmation to possibly find a Target Range between .65961 - .66235 which brings price back up to the Resistance level at Wave 4 from before! Fundamentally this week: AUD - Employment Change/Unemployment Rate (Wed) USD - CPI (Tue), Retail Sales/Unemployment Claims/Empire State & Philly Manu. Index (Thu), PPI (Fri)
Long
by Novi_Fibonacci
ARM: Pull-back before next leg-upI fundamentally bullish on this company and think it might be a potential true-market leader in next market up-trend (if we see one in coming years). Structurally speaking, I may see full first impulsive structure completed with today's burst into the top border resistance zone for the final wave (c.v of 1). If this structure will prove to be correct, classical support area for potential correction: 61-55 area. If price follows through to the upside and closes above todays highs, then next resistance level is: 75-81 zone. Moving above 81 will be a sign to re-consider suggested price structure. Thank you for your attention!
NASDAQ:ARMShort
by artemfedorov
2
✅BTC's situation+next targets and expected movements.(4h)Hi. COINEX:BTCUSDT 😊 Today, I want to analyze Bitcoin for you in a 4h time frame so that we can have a short-term view of Bitcoin regarding the technical analysis. (Please ✌️ respectfully ✌️share if you have a different opinion from me or other analysts). ➡️ As you can see, Bitcoin has completed its 5 ascending waves and now it is time for it to Starting its downward corrective waves(ABC) . ✅ Due to the Descending structure of the chart... - High potential areas are clear in the chart. -Regular Bearish Divergence(-RD) Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! 🧿Far View, check out!!
COINBASE:BTCUSDShort
by CobraVanguard
10
⚠️BTC Market Cycle | Repetitive and Predictable Market Cycle.Hi COINEX:BTCUSDT ✅Today, I want to analyze Bitcoin for you in a daily time frame so that we can have a Mid-term view of Bitcoin regarding the technical analysis. (Please ✌️r espectfully ✌️share if you have a different opinion from me or other analysts). ➡️ Chart is speaking itself. According to the theory of Elliott waves, Bitcoin seems to have completed five impulse waves is now starting to form new corrective waves. -So far we are repeating ABC correction cycle Scenario? -Same RSI & MACD Divergence🔻 -Same rejection off the Major Resistance🔻 -The price has now completed wave A and is now creating wave B . The price can go up to 49K to complete wave B. - Resistance Zone(49K-$51k) & Support Zone(39k) -Bitcoin has been moving in an Ascending Channel for more than a year, and as long as Bitcoin is moving in this channel, we can still hope for the rise of Bitcoin. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟! ⚠️ Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
by CobraVanguard
10
TSLA - I’m a believer, Are you ?TSLA has been hammered while rest of the MAG7 doing wonders. IMO, soon or later Elon matters gonna settle. and Tesla gonna showcase their AI potential to the world. Technicals says 300 on the cards. I’ve a starter position in commons and gonna add more as it moves up or pullbacks. Gonna supplement with TSLL, TSLY and day-trade with weekly calls. Long - Low 180-190s would be optimal. Stop Loss - 174 Target #1 - 220 Target #2 - 280 Target #3 - 300
NASDAQ:TSLALong
by just4tradin
USDT.DTeather dominance is used as gauge to inverse the prices of CRYPTOCAP:BTC & #altcoins. When CRYPTOCAP:USDT.D drops it is bullish for the entire crypto space and when it pumps it is bearish. Right now the downtrend is breaking below a channel that I have marked off since 2018. That means this channel has been in play 6 years. Right now the candles are breaking below the bottom TL in what I have labeled a 5 wave bearish declining sequence. The significance of this is move is important. The bottom TL has been the top of all bull markets since 2018 and we are currently breaking below that level with no real support in sight until 4% then 2%. This means that the bears have officially lost. It's game over now. Bull market is here and it looks big since this channel has been bear market support since 2018. BigMike loves you all let the party begin.
CRYPTOCAP:USDT.D
by Big_Mike716
4
ORCL Ready for a Pull back before rally to 150 final target?After the drop and downgrade from JP Morgan from 112 to 100. Oracle completed its (4) wave. Possible completing a subwave 1 (blue color), price looks losing steam, so maybe it is time for a healthy pullback to wave 2 (yellow box) and continue for the best wave 3 rally and get the target at the golden ratio. Of course, news could invalidate this count, but in the bullish scenario, this is the road map I believe could get Oracle to 150 around. Good luck!
NYSE:ORCLLong
by mhmastergroup
Bajaj Finance Flat CorrectionBajaj FInance is in a long term flat correction which started from late 2021 & it can continue for few more months. It loks like in Wave C where it can make a 5 wave fall. Minimum target should be 6443 of this pattern but seeing the impulsive wave it shouldn't stop here & we can see straight fall to 5800 levels then later on 5200-5300 levels. This pattern can go in till April May 2024 As per Ichimoku too it has broken weekly cloud & next monthly cloud support appears near 5900 levels Buying otm puts for march or April is not a bad option right now.. Risk reward is good with small risk & can hedge this trade too if you want
NSE:BAJFINANCEShort
by guptamani3105
EURJPY Grab Liquidity and then Shoot UpPure technical analysis. At market close on Friday 2 February, EURJPY reached the upper channel of the micro-Elliott Wave (ABCDE waves) which was the last part of the Elliott wave from the previous bullish movement (12345 waves). Wave 12345 also indicates a break of structure heading upwards. We predict that EURJPY will complete leg E of the micro-Elliott Wave and will react at the price level of 157.000 which is also coincides with the 0.786 Fibonacci zone, where there is equal low liquidity to take and also a flip zone in a smaller time frame. For entry, wait for the price to retrace at level 157.000 - 157.800. If there is a change of character in this zone, take a buy position and set take profit at the level of 163.000 - 163.610, or the previous resistance. Cancel the setup if the price immediately shoots up to the 161.500 zone or breaks the 155.100 level.
Long
by adittiaduilocca84
USDJPY will grab liquidity then surge!Pure technical analysis. USDJPY has penetrated the upper channel of the trendline, but will not shoot straight up. Instead, the price will retrace to the strong traditional support in the 145,000 zone, as the price has had a lot of interaction in this area formerly. The 145.000 area coincides with the Fibonacci zone between 0.384 and 0.5, as well as the leg E zone of Elliot Waves. For entry, wait for the price to turn back to this important zone, then take a buy position in the price range of 143.500 to 145.350, then set take profit in the Fibonacci extension zone of 1.272 at the price of 151.000 - 152.000, an area that was also previous resistance. If it works, continue take profit to 1.618 area as second take profit (154.000 level). Subsequent analysis needed. Cancel the setup if the price breaks below 143.550 level.
Long
by adittiaduilocca84
USOIL will retrace back up (lower time frame) Pure technical analysis. After a fairly strong bearish movement on Thursday and Friday (1 & 2 Feb 2024), USOIL touched the lower channel (D) at a price of 71.798 and seemed hesitant to continue the downward movement at the end of market closing. The formation of leg D is predicted to form rejection so that market movement will reverse to complete wave E at 79.480, the previous resistance area. Enter a buy position if the market breaks the price of 76.648 and continues upwards, then buy on the pullback in the 73.000 - 74.000 zone. Set the take profit to 500-600 pips (78.000 - 79.000). Stop loss below the lowest channel at 71.700.
FX:USOILSPOTLong
by adittiaduilocca84
Elliott Waves: Natural Gas case study Overview: Since the significant bottom in June 2020, Natural Gas embarked on a compelling journey, forming a fresh impulse that concluded around the highs of August 2022 as Wave I in the Cycle Degree. The subsequent phase witnessed a corrective move, labeled as Wave II on the weekly timeframe, comprising three subdivisions: ((A)), ((B)), and ((C)). The current focus is on the ongoing Wave ((C)) on the Daily timeframe, expected to unfold in five subdivisions: (1), (2), (3), (4), and (5). Within this framework, Wave (1) to (4) are complete, and attention now turns to the unfolding of Wave (5) on the Four-Hourly timeframe. Current Structure: On the Four-Hourly timeframe, Natural Gas is in the process of forming Wave (5), consisting of Wave 1, 2, and the ongoing development of Wave 3. The details of Wave 3 are further observed on the Hourly timeframe as finished wave ((i)) & ((ii)) and now possibly we are unfolding Wave ((iii)) of 3 of (5) of ((C)) of II. Elliott Wave Principles: Corrective Structure: Wave II is corrective, manifesting as a complex correction with three subdivisions, labeled ((A)), ((B)), and ((C)). Impulse Formation: The primary upward movement from June 2020 to August 2022 represents an impulse, characterized by a sequence of five waves. Subdivision Details: Each wave and subdivision unfolds according to Elliott Wave principles, maintaining the structural integrity of the overall pattern. Learning Points: Analyzing Market Cycles: Elliott Wave Analysis serves as a valuable tool for understanding the cyclical nature of markets, providing insights into the psychology of both buyers and sellers. Trend Anticipation: Corrective waves within the Elliott Wave framework offer a strategic opportunity to foresee potential trends—whether they signify a resumption or reversal of the existing trend. Elliott Wave Analysis is a tool to decipher market cycles, offering insights into the psychological dynamics of buyers and sellers. Corrective waves provide an opportunity to anticipate trend resumption or reversal. The principle of non-overlapping waves helps identify the structure of the market move. Validation and Risk Management: The integrity of this Elliott Wave structure is contingent on Wave II not surpassing the low of Wave I, identified at $1.440. A breach of this level would invalidate the current wave count. 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.
NYMEX:NG1!Education
by RK_Chaarts
20
If you're not trimming(or selling)Nvidia here, you may be sorry I am not suggesting you short Nvidia yet as it has extended past normal fib resistance areas. If you have been following my posts on Nvidia, MSFT and the overall SPX500...it appears we have so many of the components and the index in the last squiggles of their respective wave 5's. I know the narrative about AI is exciting, and I cannot tell you what will change with respect to investor sentiment, but NVDA will be VERY soon completing it's wave 5. The next chronological retracement support area is $400-$500. Best to all, Chris
NASDAQ:NVDA
by maikisch
11