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Elliott Wave

BULLISH SENTIMENT ELLIOT WAVE PREDICTION Wave 2 cannot retrace more than 100% of Wave 1. It can go deep, but not lower than the start of Wave 1. Wave 3 cannot be the shortest of the three impulse waves (1, 3, and 5). Often, Wave 3 is the longest and most powerful. Wave 4 cannot enter the price territory of Wave 1. This means no overlap between Waves 1 and 4 in a standard impulse. Wave 5 must move in the direction of the overall trend. It completes the five-wave impulse sequence. BULL FLAG PREDICTION Strong Uptrend (Flagpole) Consolidation (Flag) Measured Move Target - we want to see volume coming out of our consolidation phase. $150k would be a nice ATH CRYPTOCAP:BTC (MAXI) Market sentiment (IMO) : The dollar has fallen -10% this year. - Less Trust in the Dollar. #bitcoin #ethereum #vechain #ada #xrp #ltc Conflicts overseas usually push prices up because they threaten oil supplies. -Wars spark spikes in oil, food, gas and metals due to disrupted supply chains. Historically, most commodity prices double during conflicts
COINBASE:BTCUSDLong
by isaiahescobarrr
#Nifty directions and levels for June 26:Here are the market directions and levels for June 26: Market Overview There have been no major changes in both the local and global markets. The global market continues to show bullish sentiment, while our local market is still maintaining a moderately bullish bias. However, Gift Nifty is indicating a positive start of around 30 points today. So, what can we expect today? The higher-degree structure shows positive signs, but the lower time frame is still reflecting a range-bound market. Open interest data also appears bullish. So, if the market breaks above the previous high, we can expect a further continuation of the rally. On the other hand, if the market faces rejection around that level or if it starts with a decline, the range-bound movement is likely to continue.
NSE:NIFTY
by Manickamtraders
1
BTC trade plan🚨 BITCOIN – Eyeing $135K Before the Real Drop? 🚨 📆 Timeframe: 1D | Exchange: BINANCE 🧠 Elliott Wave Breakdown: After completing Wave 3 near the $109K level, BTC entered a classic A-B-C correction. We're currently breaking out of a bullish flag, hinting at the final leg Wave B rally still to come! 📈 Wave B Target Zone: 🎯 1.0 Extension: $135,920 🔴 1.236 Extension (Max Spike): $145,000 This zone is our “Red Box of Rejection”, where a strong reversal is likely as Wave C kicks in. A sharp Wave C dump could target the 1.618 Fib extension at $74,576 — a textbook retracement level for deeper Wave 4 corrections. That area would offer a generational buying opportunity heading into Wave 5, targeting above $220K+! 🚀 Final Wave 5 Target: 💥 1.618 Extension: $221,993+
Long
by HodlAhmad
Markings of a BottomCould be reaching with this one...OTC, BUT it popped on the screener as one that has clear indications of a bottom. On this daily chart, we see clear bullish divergence formed over a long period of time, and continuing through the last poke lower. What I really like, as illustrated by the red line in MACD on the currently forming higher low is the hidden bullish divergence, which in my analysis acts as a confirmation that the bottom is in. When I look at a wave 2, I like to see MACD more extreme, lower in this case, than the presumptive low.
OTC:EGMCFLong
by CuzDelux
Coinbase Breaking Higher, Bitcoin To Follow Soon? Coinbase has been trading very nicely to the upside over the last two weeks, and it's now even breaking the previous highs from December in pre-market. This suggests we’re in a fifth wave, but even this leg should be structured by five waves, so there’s room for more upside—even above the 400 level. If we respect the past cycles and compare it with Bitcoin, then clearly Bitcoin is lagging here. Still, while Coinbase is in this bull run, sooner or later, Bitcoin should also join the strength.
NASDAQ:COIN
by ew-forecast
Silver Looking For A Support Of wave 4 at 36.37Silver retested the lows of the week and even broke slightly below the spike from June 12, where the market previously found support at 35.46. We highlighted that as a key area for potential stabilization, especially since there were likely a lot of stops, just below it. So it's no surprise that the market turned around from there and is now trying to stabilize. I’m starting to think the a-b-c drop could already be finished in wave 4. A daily close above 36.37 would confirm a continuation higher. We can also see some RSI divergence between waves A and C, which further suggests that silver may be coming down into strong support.
OANDA:XAGUSD
by ew-forecast
Bitcoin Roadmap: Key Levels to WatchBitcoin( BINANCE:BTCUSDT ) managed to pump as I expected yesterday , of course, the main catalyst could have been the ceasefire announcement between Iran and Israel , which had a major impact on high and medium risk assets in the financial markets . Bitcoin is once again moving near the Heavy Resistance zone($110,720-$105,820) and the Resistance zone($107,520-$106,100) after breaking the Resistance lines . In terms of Elliott Wave theory , it seems that given Bitcoin’s bullish momentum , Bitcoin has completed the main wave 3 and is currently completing the main wave 4 on the 1-hour time frame . The corrective wave structure of wave 4 could be a Double Three Correction(WXY) . I expect Bitcoin to start rising again near the Support zone($104,380-$103,060) , 50_SMA(Daily) , Support lines , and Cumulative Long Liquidation Leverage($104,412-$103,812) to rise at least to the Potential Reversal Zone(PRZ) and Resistance lines . Note: Stop Loss(SL)= $102,600 = We can expect more dumps. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
17
CLSK Finally Ready for a strong move up?Price printed a textbook motif wave 1 and ABC wave 2 correction ending at the 61.8 Fibonacci retracement golden pocket and High Volume Node (HVN) major support. Price continues to flirt with weekly 200EMA and looks ready for another test as resistance on the local chart. The weekly pivot still looms above but if price is in a macro wave 3 we should punch through these resistances over the next few weeks and head towards long term target of $80. Wave 2 can extend all the way $1.80 before invalidation, though the lower prices goes, the lower the probability of the analysis being correct Safe trading
NASDAQ:CLSK
by Maddox_Metrics
3
SUI Wave 2 Complete?CRYPTOCAP:SUI appears to have completed a wave 2 pullback at the 'alt-coin' golden pocket Fibonacci retracement 0.786. Price tested the S2 daily pivot as support, which adds confluence to the .786 Fib. A bullish engulfing candle followed, negating the previous 3 days price action but price still has to overcome resistance. A sustained breakout above the descending orange trend line and major resistance will be a queue to go long. Analysis is invalidated below $2.28. Safe trading
COINBASE:SUIUSD
by Maddox_Metrics
FET Wave 2 Complete?NYSE:FET (Fetch.ai) appears to have completed a wave 2 pullback and looks set for the next move up towards $1.1 Price swung below the bottom of the wedge, tested the S1 daily pivot and 61.8 Fibonacci golden pocket. It quickly recovered with a bullish engulfing daily candle negating the 3 previous days bearish price action. A close above the top wedge line and daily pivot will be the signal to go long again. Analysis is invalidated below $0.54 and that will bring up a downside target of $0.34 which is the ascending macro support from June 2023. Safe trading
COINBASE:FETUSD
by Maddox_Metrics
SOLUSDT | T.A.P.E. Method Breakdown: Has Solana Bottomed Or Not?Let’s walk through the T.A.P.E. Method I use to read every chart. This isn’t about price alone — it’s about structure, behavior, pressure, and clarity. Solana is at a critical decision point. I’ll explain what smart money is likely seeing, and how I’m approaching this chart with logic — not guesses. T — Territory (Know the Zone Before You Clone) I started with the Fibonacci retracement from the all-time low to all-time high. It’s clear SOL is reacting near the golden pocket zone — a historically strong area for reversals. We also saw strong support at the 2618 extension after the first major leg down. This alone gave an 87% rally. That’s how clean setups work — clarity beats complexity. Market structure remains bullish on higher timeframes. Yes, we’ve had a wick below prior lows, but no clean break — structure still holds for now. A — Activity (Price Behavior Over Indicators) I don’t use RSI or crossovers. I look at behavior. From the local low to the swing high, the retracement again held the 618 zone, showing buyer defense. However, on a second leg down, SOL broke below the 2618 level — a key difference. This shift in behavior is what I’m watching closely. Price pushed past 236 on the retrace — that can hint at a stronger bullish leg forming. But... P — Pressure (Pain Points and Traps) Here’s where most traders get caught. Early longs that entered during the last local rally are underwater. Especially those who bought around the value area high — they are likely hoping to exit break-even, adding sell pressure. This is classic: a liquidity zone stacked with pain. That pressure zone sits just above the current range, near $153–$164. If we get a strong move into that zone without structure, I’ll be watching for short setups — not breakouts. E — Execution (No Setup Is Complete Without a Plan) Here’s how I’m structuring it: No-trade zone: Where we are now. No edge here. Short area 1: $153 — trendline + resistance Short area 2: $164 — invalidation just above Target: Sweep lows + retest $138/$128 Invalidation: Clean breakout above $164 with structure Support zones to watch: $138 (value area low) $128 (786 Fib) $122 (old structure pivot) If price forms structure and pushes through the golden pocket cleanly, then I shift bias. But for now — pressure remains to the downside. Summary & Context: This T.A.P.E. breakdown keeps me from chasing noise and protects capital. Too many early longs, weak structure, and clean resistance zones make this a potential short setup — not a long. If price flips those resistance zones into support with structure, I’ll adapt. Until then: Plan the move. Let the market prove. Disclaimer: This is not financial advice. All opinions are my own, based on chart behavior and analysis. Do your own research. This is a paper money breakdown shared for educational purposes only.
by Capitalchief
GOLD → Attempt to buy back the fall. Uncertainty factorFX:XAUUSD is falling within our expectations. After breaking through the trigger-level of 3340, the price fell to the liquidity zone of 3306. There is uncertainty in the market... Gold is rising after a false break of support at 3300-3306, interrupting a three-day decline amid a weakening dollar and ongoing tensions in the Middle East. Investors are cautious due to the unstable truce between Iran and Israel, while the decline in USD/JPY after the Bank of Japan's statements and the rise in PPI in Japan are further supporting demand for gold. Powell's comments on the need for caution in monetary policy only temporarily strengthened the dollar. Now the market is focused on US housing data and the second day of Powell's speech Technically, the price may consolidate at 3306-3347 for some time and only then show us (against the backdrop of the fundamental sentiment that has formed) which direction it will then take Resistance levels: 3347, 3364, 3372 Support levels: 3319, 3307 The market is trying to buy back the decline. Tuesday's daily session closed with a long shadow, indicating interest in this price range. A pullback to 3320-3310 is possible before growth to 3340-3347. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
20
SOONUSDT → The coin that gets killed...BINANCE:SOONUSDT.P is under pressure. The coin looks extremely weak against the backdrop of a bullish market, with key support ahead, separating traders from the panic zone and a sharp decline This coin is being killed. The price is gradually consolidating and compressing before support - the trigger is 0.2332. Against the backdrop of the overall decline that the market has experienced after a slight impulse from 0.2332, shocks are forming with the aim of capturing liquidity (red check marks). This generally indicates that large players are gathering a bearish position. A breakout of the risk zone will trigger panic and distribution. Against the backdrop of growth in Bitcoin and the top 10 cryptocurrencies (bull market), the SOON coin is gradually declining and contracting towards key support, which could be broken accompanied by strong sell-offs. Resistance levels: 0.2478, 0.25777 Support levels: 0.2332 If the coin continues to contract towards the 0.2332 support and form a pre-breakdown consolidation, there will be little chance of survival. In the short and medium term, I expect prices to fall. Best regards, R. Linda!
Short
by RLinda
6
GBPAUD → Countertrend liquidity captureFX:GBPAUD is forming a countertrend correction within a global uptrend and testing the support level with W1-D1, forming a false breakdown... Against the backdrop of the dollar's correction, GBP/XXX pairs are strengthening. On the weekly timeframe, GBPAUD is forming a retest of support at 1.067 (false breakdown) within an upward bullish trend. Unable to continue falling, the price returns above 1.0673 and consolidates in the buying zone. A breakdown of the structure will confirm the bullish sentiment. Support levels: 2.0673 Resistance levels: 2.0785, 2.0852 If the bulls manage to hold their ground above the 2.067 support level within the current structure, the currency pair will have a good chance of returning to the bullish trend. Best regards, R. Linda!
Long
by RLinda
4
EURAUD → Breakout and consolidation above key supportOANDA:EURAUD is trying to consolidate above the key support zone of 1.76 - 1.77. Within the uptrend, bulls have a fairly good chance. The market continues to break of structure, confirming the bullish sentiment on the chart. A correction is forming from 1.7882. Before rising, the price may test support. The currency pair is supported by its own bullish trend and the falling dollar (especially against the backdrop of economic problems with the USD (DXY)). Technically, the currency pair looks quite positive. After the formation of another ‘bos’, we are seeing a correction to the Fibonacci zone of 0.7 and support at 1.7696. If, during the retest, the bulls manage to hold their ground above the key support level, growth may continue in the medium term. Support levels: 1.7696, 1.7629, 1.7463 Resistance levels: 1.7882, 1.7988 Locally, a reversal pattern is forming relative to the specified zone (as part of a correction). We need to wait for confirmation (price consolidation above the level). The potential within the bullish trend is quite large, and in the medium and long term, the price may test 1.85. Best regards, R. Linda!
Long
by RLinda
4
GOLD → Declining interest. Retest of supportFX:XAUUSD experienced significant volatility toward the end of the US trading session. This was due to developments in the Middle East. The de-escalation of the situation is leading to a decline in interest in the metal. The announced ceasefire between Iran and Israel has reduced demand for gold as a safe-haven asset, while falling oil prices have reduced its appeal as a hedge against inflation. Gold is supported by expectations of a Fed rate cut in July. The focus is on Fed Chair Powell's testimony before Congress and further developments in the Middle East. Technically, the price confirms the local bearish structure. A continued assault on the 3340 support level could trigger a further decline. Support levels: 3343-3340, 3320 Resistance levels: 3360, 3366 Focus on the trading range (consolidation) 3340 - 3400. De-escalation of the conflict in the Middle East may lead to a decline in interest in gold as a hedge asset, which may cause the price to break down of consolidation. If the retest of 3340 continues, the price will begin to contract before the level, in which case the chances of a breakdown and decline will only increase. The target will be the liquidity zone of 3320 - 3306 Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
38
#Nifty directions and levels for June 25:Good morning, Friends! 🌞 Here are the market directions and levels for June 25: Market Overview The global market is showing bullish sentiment, while our local market is still maintaining a moderately bullish bias. However, Gift Nifty is indicating a positive start of 103 points today. So, what can we expect today? Once again, the same thing happened in the previous session — even though the market started with a positive bias, it couldn't sustain. Structurally, we are still in a range-bound market, so even if the market opens positive, we can expect a correction at some point. Let’s look at the chart for more clarity. Both Nifty and Bank Nifty appear to be showing a similar structure. Current View The current structure suggests that even if the market opens with a gap-up, it may not sustain. If the initial market declines and consolidates around the 78% Fibonacci level, then we can expect the correction to continue. On the other hand, if the decline sees a solid pullback around 24,968, then we can expect a minimum pullback of 38% to 61% in the minor swing. Alternate View Structurally, the probability of a rally continuation is low, which means we won’t get a bullish signal unless the price breaks above the 78%,level. If it does break, we can expect a rally, though some rejections may occur along the way.
NSE:NIFTY
by Manickamtraders
2