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Elliott Wave

GBPNZD1. Current Market Situation (Wave 3): The market is currently in Wave 3, which is usually the strongest and longest wave in Elliott Wave Theory. Wave 3 is known for its powerful upward movement. This is typically the wave where most traders and investors jump in, creating significant momentum. 2. Approaching the End of Wave 3: Right now, Wave 3 doesn’t seem fully complete, but it’s close to its end. You can identify this because: Momentum starts to slow down as the price nears resistance levels. Wave 3 often reaches Fibonacci extensions like 1.618 or 2.618, which are key indicators for its completion. 3. Retracement in Wave 4: After Wave 3 finishes, the price will likely pull back into Wave 4. This is a normal retracement where the market consolidates some of Wave 3’s gains. The retracement typically hits Fibonacci retracement levels of 0.382 or 0.5. Wave 4 is usually a smoother and less volatile wave compared to Wave 2. 4. Completion in Wave 5: Finally, Wave 5 is the last wave in the trend. This wave completes the overall upward movement. Wave 5 generally creates a new high, but it’s often less strong compared to Wave 3. Key Takeaways: Right now, the market is still in Wave 3 but close to finishing it. After that: Expect the price to pull back into Wave 4 at around Fibonacci 0.382 or 0.5 retracement levels. Wave 5 will follow, taking the price higher to finish the trend. Pro Tip: If you're trading, wait to confirm the end of Wave 3 and the start of Wave 4 before entering. Using tools like RSI or MACD can help you verify the momentum and trend shifts.
Long
by professionalgoldtrader
XRPUSD Monthly Chart: Elliott Wave Analysis and Key PatternsOn the monthly timeframe, here’s my analysis based on Elliot Wave Theory and observable patterns: Identifiable Pattern: The chart appears to form a 5-wave Elliott Wave structure, consistent with a motive wave (impulse). This structure typically aligns with the principles of an overall bullish trend. Wave Count (Elliott Wave Theory): 1. Wave 1: The initial sharp rally (early price action). Represents the first major bullish move. 2. Wave 2: A corrective phase following Wave 1, marked by a sharp retracement to a support level. Retraces but does not exceed the start of Wave 1. 3. Wave 3: The strongest and longest rally, breaking previous resistance levels. A sharp breakout confirms strong bullish momentum. 4. Wave 4: A consolidation or pullback phase after Wave 3. Does not overlap with Wave 1 (as per Elliott Wave rules). 5. Wave 5: A final rally, potentially ongoing, with price aiming to exceed Wave 3’s high. Potential Correction: After the 5-wave pattern completes, an ABC corrective wave (3 waves) typically follows. This chart does not clearly show whether the ABC correction has fully formed yet, but there are hints of prior corrections between the waves. Additional Observations: Golden Ratio/ Fibonacci Levels: The pattern aligns closely with key Fibonacci retracement and extension levels, suggesting adherence to Elliott Wave principles. Bullish Continuation: If the current price action completes Wave 5 and breaks key resistance levels, the broader uptrend could resume after a correction. This chart shows a classic Elliott Wave structure and could suggest further bullish momentum if the pattern plays out as expected.
BITSTAMP:XRPUSD
by Samthecarpetman
5
es1! retests 5kes1! appears poised for a larger move down, based on the smaller timeframe count . this leads me to believe that es1! has entered a larger fourth wave. historically, these waves take an average of 2 months to play out and typically result in a 12% decrease from the high before completing. wave 4's often retrace back into the territory of the prior degree's wave 4, and i expect this one to follow suit. pay attention to the green trendline i've drawn on the chart,,, it serves as a solid guide for where i anticipate es1! to find a bottom. dipping below the trendline is acceptable, provided we don't see any weekly candle closes beneath it. even if a weekly candle does close below, a strong recovery the following week, such as a gap-up scenario , could invalidate the breakdown. there’s not much else to add here, as the chart is fairly straightforward. keep an eye on the trendline and monitor weekly closes for confirmation. 💸
CME_MINI:ES1!
by notoriousbids
bitcoin dips below 60kbitcoin dips below 60k, but we're unfazed. i see this playing out as we move into the depths of winter,,, this crypto winter ❄️ why would this happen, you ask? the answer is simple: a stop-loss raid. a sharp wave 4 designed to shake out weak hands. distribution may have already started, hypothetically speaking, but it'll take the rest of the year to unfold. think of it like the jan 2021 -> april 2021 vibe, only on a slightly higher degree and timeframe. --- take note of the highlighted wave 2's and wave 4's on my chart. what i'm illustrating is "the law of alternation," which states: if wave 2 is flat, wave 4 will be sharp, and vice versa. all the wave 2's in this cycle have been flats, so by design, all of our wave 4's are set to be sharps. this fits neatly into the larger cycle: sharp retracements triggered by over-leveraged positions, yet consistently bought up thanks to strong demand. with each sharp retracement, however, the upward moves become smaller, as momentum gradually fades. --- w4 target: below 60k w5 target: between 150k-200k (conservatively). --- ps. i have recently shared a much more bullish idea via:
CRYPTO:BTCUSD
by notoriousbids
12
PRSO Peraso Inc. Stock Analysis – Key Breakouts ObservedThe price of Peraso Inc. has recently broken through multiple resistance levels, including the red descending trendline and the blue trendline, signaling strong bullish momentum. The stock has also returned to the black range, making this zone a critical level to monitor. Today's candle was a strong bullish candle with high volume, further reinforcing the potential for upward movement. A retest of these levels would provide a clearer confirmation and a better opportunity for entry. Traders should closely monitor the price action and volume at these key zones to validate the breakout and potential continuation of the bullish trend. This is my personal analysis and opinion, not a recommendation to buy or sell.
NASDAQ:PRSOLong
by omossa
DOGE price predictionI've posted a few DOGE coin predictions over the last few weeks, with this one being an adaptation of one that I've previously posted. It looks as though we could be in a handle of a very long term cup and handle, with the handle being wave 4 of 5 of 1. IF it plays out there there's a mid-term decline underway and still coming until the end of the current cycle and then up in typical impulse fashion for 1-5 for the completion of 5. But, if there is a local high, then the cup and handle is invalidated and I'll put in a new prediction. In the immidate term all crypto is likely to go down for at least another week and then up from there. Follow for more.
COINBASE:DOGEUSD
by cryptechcapital
5
EURUSD Analysis==>>Pumping Soon!?EURUSD ( FX:EURUSD ) is currently moving near the Heavy Support zone($1.040-$1.022) , Potential Reversal Zone(PRZ) , and an Important Support line . According to Elliott's wave theory , EURUSD is completing microwave 5 of the main wave 5 , so we should expect bullish waves soon . Also, Regular Divergence (RD+) between Consecutive Valleys . I expect EURUSD to rise to at least $1.049 AFTER the Downtrend line is broken , and if the Resistance zone($1.040-$1.022) is broken, we have to wait for further increases . ⚠️Note: If EURUSD breaks the Important Support line, we can also expect the break of the Heavy Support zone($1.040-$1.022).⚠️ Euro/U.S.Dollar Analyze (EURUSD), 4-hour Time frame ⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
9
CUSCAPI will rebound starting as wave 3 Historical Movement The stock saw a major peak around 0.370 (marked at 3.618 level) Experienced a significant downtrend from June to September 2024 Currently showing potential consolidation and base formation Key Technical Levels: Resistance Levels: Major resistance at 0.275 (marked in red) Secondary resistance at 0.245 Currently testing intermediate resistance around 0.225-0.230 Support Levels: Strong support at 0.180 Immediate support trend line (green) acting as dynamic support Price has formed a higher low pattern recently Technical Indicators: Moving Averages: Multiple MAs show potential crossover points Price is currently testing the shorter-term MAs from below The longer-term MA (likely 200-day) is still trending downward Volume Analysis: Recent volume spike shows increasing interest Volume generally higher during downtrends Current consolidation showing reduced volume, typical of base formation Trading Setup (Current): Risk Management: Stop Loss: 0.040 (17.02% risk) Target: 0.085 (36.17% potential reward) Risk/Reward ratio: 2.13 (favorable) Chart Pattern: Appears to be forming a potential inverse head and shoulders pattern Neckline resistance around 0.225-0.230 Volume pattern supporting the potential reversal setup Market Structure: Shows signs of transitioning from downtrend to potential bottoming phase Multiple support levels being established Fibonacci retracement levels marking key resistance zones
MYX:CUSCAPILong
by pengamalgelombang
GLD UpdateStill waiting for price to continue lower towards the target box. As I have said many times before, C waves can either be 3 or 5-wave moves. This appears as if it will be a 3-wave move based on the structure it has carved out thus far. I am of a mindset that we should move into the box within the next month or two. Gold in general just moves very slow the majority of the time. Every once in a while, it sees some volatility but that is very rare. Should it make a new ATH before entering the box, then wave 4 is likely already over and was very short. This is not my primary thought process but nonetheless it is very possible.
AMEX:GLD
by TSuth
AUDUSD Wave Analysis 26 December 2024 - AUDUSD reversed from resistance level 0.6270 - Likely to fall to support level 0.6200 AUDUSD currency pair recently reversed down from the resistance level 0.6270 (former multi-month support from the start October of 2023, acting as the resistance after it was broken yesterday). The downward reversal from the resistance level 0.6270 stopped the previous minor correction iv – which belongs to sharp sub-impulse 3 of the higher impulse wave (3) from September. AUDUSD can be expected to fall to the next support level 0.6200, which stopped the previous impulse wave iii earlier this month.
Short
by FxProGlobal
BTC Long-Term Top Signals, Potentially Headed to $32k in 2026Bitcoin is currently exhibiting several long-term top signals, some of which stretch all the way back to 2019. Those include: Wave-D = (C+B)/2 in Time Wave-D = 0.618(B) in Price Waves a, b, c, f, and g are all time-similar forming a perfect diametric First Wiseman signals on Weekly, Monthly charts All three wisemen on Daily charts HUGE long-term momentum divergences on all long-term charts Manic market sentiment following Trump's promises and $100k prices (which he may not keep) I believe a deep, long-term bear market is highly likely from this point. It also appears that the stock market could be falling into a bear market as well. The invalidation for this forecast will be for BTC to make new all time highs. If we can reverse the wisemen signals and long-term time/price targets that have formed that would be extremely bullish, but at the moment that is seeming less and less likely. For now the probabilities are favoring major downside in crypto, stocks, and real estate. There's also other possible targets. While $32k in 2 years is close to the worst case scenario, a drop lasting only a few months and forming a smaller x-wave or something else is also possible. It will depend ultimately how this develops. To confirm a long-term bear market we should hit around $62k by end of Q1. If it takes longer than that, it's possible the bear market won't be as big. Right now, the important thing is that the market is at a clear fork in the road. If it can't push new all time highs then the signals clearly say that we are headed down from here based on the momentum, price action, sentiment and wave counts. How far down exactly can be determined in the future when there's more information.
BITSTAMP:BTCUSDShort
by Intuit
3
MicroStrategy Long-Term Top Based on Perfect Fib RatiosSeveral long-term signals on Bitcoin are indicating a potential top including long-term price and time ratios, long-term momentum indicators, as well as wisemen on weekly and daily charts. This made me look more closely at MSTR, which is also exhibiting significant signs of a potential top. Some of these on this weekly chart include: Larger Degree (red boxes) Wave-C = 161.8%(B) in price Wave-C = 138.2%(A) in price wave-C = 100%(B) in time wave-A = 25%(B+C) in time Smaller Degree (green boxes) Wave-c = 50%(a+b) in time wave-c = wave-a in price Complex structure potentially ending with a zigzag Based on all these factors, the chances of a top here are high. However, if we do make new all time highs it would be a good idea to reverse and go long crypto again, as it would likely mean that all these signals are just a MASSIVE bear trap and there could be significant upside left. For now, as long as we remain directly under these long-term price/time targets on both BTC and MSTR, combined with long-term sell signals, the chances of a trend reversal in crypto is high. There's also significant bearishness in virtually all global asset markets right now, which could in a worst case scenario last for 1-2 years, and possibly be worse than 2022. It is difficult to say at this point what the trigger for the coming crash could be, possible chaos surrounding the transition to a new administration, high rates putting pressure on commercial real estate and regional banks, some high profile financial failures, a major war, or something else that i can't predict
NASDAQ:MSTRShort
by Intuit