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Wave Analysis

elliot wave 3-3 pattern ZN Hello Trader, The technical analysis using Elliott Wave theory, it seems a potential 3-3 wave structure in progress or nearing completion and possible implications for trading the XXXUSD instrument. As of now, if the 3-3 wave pattern is indeed unfolding, it suggests that the market is in a corrective phase, which could precede a more significant upward movement. As you monitor how the 3-3 wave structure plays out, keep an eye on market signals that could indicate a shift towards a bullish phase in XXXUSD. Proper analysis and sound risk management strategies will be key in capturing any potential trading opportunities. Lets see how it play out Trader Kuching 24
CBOT:ZN1!Long
by qedharis79
USDJPY → Consolidation in the buying zone FX:USDJPY continues its bullish rally on the background of growing dollar. The fundamental background is on the side of the dollar, which is generally a negative factor for the yen. Technically, the price is still inside the uptrend. Moreover, the currency pair is breaking the flat resistance and after the correction and false breakout, it is consolidating above 156.75. If the bulls hold the defense above this level, the currency pair will head towards 160-162 in the medium term. The technical and fundamental background is on the side of the buyer. Resistance levels: 157.76, 160 Support levels: 155.88, 154.5 Price consolidation above 156.76 and further breakdown of the local maximum will provoke active purchases, which may lead the price to the targets indicated on the chart. Regards R. Linda! Happy Holidays and a productive 2025!
Long
by RLinda
1
12/26 GOLD AnalysisMerry Christmas Guys! Hope you guys have a wonderful day. I slightly make some change for the levels, and here are some important levels that I am watching: 2584 - 2608 - 2622 - 2633 - 2652 - 2664. Todays gameplan OANDA:XAUUSD : If the gold price holds above 2622, I would consider a BUY. Set the Stop Loss at 2615 and aim for the First Take Profit target at 2629, with the Second Take Profit target at 2633. If the gold price breaks below 2608, I would consider a SELL. Set the Stop Loss at 2615 and aim for the First Take Profit target at 2600, with the Second Take Profit target at 2595.
OANDA:XAUUSDLong
by Ombabibi
GOLD Will Move Lower! Sell! Here is our detailed technical review for GOLD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2,626.558. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2,600.886 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1
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TVC:DJILong
by ProfitsNinja
GBPUSD Is Bullish! Buy! Take a look at our analysis for GBPUSD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.252. The above observations make me that the market will inevitably achieve 1.258 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Bitcoin and altcoin overview (December 26-27)Yesterday, Bitcoin got squeezed into an even tighter sideways range near the upper boundary of the range. A full false breakout of the $99,600 level with liquidity capture did not follow. At the moment, we have transitioned to a decline. On the cumulative delta, we observe absorption of sells through limit orders, therefore we prioritize expecting a resumption of buying through a false breakout of the lower boundary at $92,300 or upon formation of a signal within the range. Buy zones: level $92,300 (local low), ~$80,000 (volume anomaly), $77,000-$74,000 (major volume zone). Sell zone: $100,000-$102,000 (mirror volume zone). Interesting altcoins For KOMA below we have 2 strong volume zones $0.146-$0.134 and $0.121-$0.116, upon testing them and seeing a reaction we open a long position.
by Crypto_robotics
2612 USDJPY still got more than 400 pips up to rise!Hello traders, The latest speech by Bank of Japan Governor Kazuo Ueda stated: ★ Even if the economy and prices improve, maintaining the current low interest rates could make monetary policy too loose. An overly loose monetary environment may force the Bank of Japan to significantly raise interest rates, which would be detrimental to long-term economic growth. The timing and pace of further adjustments to monetary support will depend on the economic, price, and financial conditions at that time. ★ If monetary policy remains too loose, it may force the Bank of Japan to raise interest rates quickly, which would have a negative impact on sustainable economic growth. ★ There is a high level of uncertainty regarding the overseas economic outlook, especially concerning the economic policies of the incoming U.S. administration. U.S. policies could have a significant impact on the global economy and markets, so the effects on the Japanese economy and prices must be studied carefully. Interestingly, this statement was interpreted by the market as "a cautious attitude towards changing interest rate policy," meaning that the Bank of Japan may not raise interest rates in the near term. Following the speech, the dollar-yen exchange rate rose by 0.1%. However, before the December monetary policy meeting, about 86% of economists surveyed by the media indicated that the timing for raising interest rates has matured. The Japanese inflation data released on Thursday was not ideal: - November CPI rose 2.9% year-on-year, accelerating from October's 2.3%; - November CPI (excluding fresh food) rose 2.7% year-on-year, up from a previous value of 2.3% and an expected value of 2.6%; - November CPI (excluding fresh food and energy) rose 2.4% year-on-year, compared to a previous value of 2.3%. The CPI growth reflects that the impact of government energy subsidies and rising food prices is gradually fading, and potential inflationary pressures in Japanese society are building up. In this context, is the market's understanding of the Bank of Japan's speech as "not preparing to raise interest rates" and continuing to implement a loose monetary policy overly optimistic? Technically, USDJPY is still running above EMAs on daily chart. I would really like to wait for a retest of red EMA and reentre to long this pair again, up to target FIBO EXT 1.27 161.50. What is your plan ? Happy new year! LESS IS MORE!
Long
by FUNTRADER-Vera
XAU/USD (Gold Spot vs. U.S. Dollar)1.Elliott Wave Pattern: The chart appears to follow an Elliott Wave structure, with waves labeled as a, b, and c in pink, likely indicating a corrective wave sequence. Additional waves labeled (W) and (X) in green suggest a complex correction or continuation pattern. 2.Trend Channels: Two prominent trend channels are marked: A descending green channel that encompasses a broader bearish trend. A smaller blue channel, showing a temporary upward correction or consolidation within the larger trend. 3.Possible Scenarios: The yellow markings inside the blue channel might indicate smaller corrective movements. After the completion of the blue channel's correction, the price could break downward, as indicated by the projected green wave (X) path leading to lower levels. 4.Current Price: The gold price is around 2,626.93 USD at the time of the chart, with potential resistance near 2,640 USD (upper boundary of the blue channel) and support around 2,580 USD (projected lower levels). 1. Buy Opportunity: Reasons to Consider Buying: If the price breaks above the upper blue channel, it could signal a bullish breakout, indicating further upward momentum. The support levels, such as around 2,620 USD or the lower green trendline, could act as strong areas to initiate a buy if the price holds there. If indicators like RSI (Relative Strength Index) or other oscillators show an oversold condition, it might suggest a reversal to the upside. Key Buy Levels: Near 2,620 USD, provided support holds. Above the upper blue channel, signaling potential upward continuation. 2. Sell Opportunity: Reasons to Consider Selling: The price is currently within a corrective (blue) channel. If it breaks below the lower blue channel line, it could signal a bearish continuation. The green wave pattern labeled as (X) suggests the possibility of a deeper pullback to levels like 2,580 USD or lower. If the resistance near 2,640 USD holds and the price fails to break above it, it could lead to further downside. Key Sell Levels: Below the lower blue channel, confirming a breakdown. Near the resistance at 2,640 USD, if the price fails to break higher and starts reversing downward. 3. Additional Analysis: Using Elliott Wave Theory: The current corrective wave structure ((W)-(X)-(X)) indicates that further downside is possible before a major reversal upward. If the correction completes near 2,580 USD, this could be an ideal long-term Buy opportunity. Indicators to Watch: Look for confirmation signals, such as trendline breaks, RSI reversals, or moving averages crossing to confirm the trend direction. Recommendations: Short-Term (Intraday): Consider selling if the price breaks below the lower blue channel. Long-Term: Consider buying if the price holds support at 2,580 USD or breaks above 2,640 USD.
FX:XAUUSD
by professionalgoldtrader