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Elliott Wave

TACO about to become TUFTThe acronym "TACO" has been adopted as a market slogan to explain the shocking volatility brought on by Trump's follow through with his campaign promises to enact and/or adjust tariff's in the USA on its trading partners around the world. The mere mention resulted in a 1,334 point sell-of culminating in April. When Trump walked back {read: backed off in terms of immediacy of effect..} the market "rallied." However, at the bottom of the lows, ES1=4,832, all strength fell out of the index and all Minor pattern lows were breached. This leads me to believe that 4,832 was just that...a LOW and not a bottom. To resolve this aspect of the price pattern in relation to strength, price and go for a higher low on less strength, or a lower low on more strength...either way, this can only result in a sell-off of .618 of 1,334, or approximately 824 points. Assuming participants intend to go lower on more strength, the bottom will be struck approximately 2,159 points lower in the 4,200 region, since this irregular B has complicated the direct 1.0 hit in the 4900 region. Still possible, but unlikely we swing within 100 points of the low, all while strength falls out and holders get brave. The other problem I see with this wave higher is that it is sloppy. How? (1) It is sloppy first of all because as it approached its 1.382 level off the first wave up (at least as noted by a premier Elliot Wave pub) it basically ripped right through. What is healthy for an impulse is to approach the 1.382, then pause for a retracement to the 1.0. (2) The wave began with an obvious 3 wave pattern, and I was surprised to see prominent publications accepting such an obvious corrective pattern as the start of a true impulse upward. The 3 waves that took us to 5,528.75 are accordingly labeled as the A wave on this chart. Even if this is an Ending Diagonal, which is a motive wave, but not an impulse, which starts with 3 waves, we should at minimum get overlap at the 5,528.75 level in order to continue higher. (3) We are getting mixed MACD readings between the daily and hourly charts right where price would be expected to blast off if the daily is correct and would be expected to fail if the hourly bearish divergence is correct. As we approach this 1.618 level of 3,398.75 on ES2, off the pattern as stated, we can use it to guage the downside expectation. A direct hit and sell-off might lead us to the conclusion that the 4900s are in order or even 5400s, but a failure here, 10-20 points off, would be considered more bearish. Giving the benefit of the doubt to price, I have included various ways that price can regain its footing, here stating a primary count that this is the Minor A of an intermediate (B) wave, because it has been very bullish, very disorganized, and has created a higher MACD reading on the daily chart. Alt count is that this is All of Intermediate (B), and Intermediate C should commence to carry price into the low 4k region. If price is to go higher, it must overcome a 3 wave start, an irregular and disorganized pattern, and conflicting strength readings...not to mention, a Fundamental hurdle that Trump Ultimately Follows Through.
CME_MINI:ES2!Short
by CuzDelux
2
Bitcoin’s Final Wave & Time Reversal Zone _ New ATH Loading?Today, I want to analyze Bitcoin ( BINANCE:BTCUSDT ) on the weekly time frame and answer these questions : Can Bitcoin create a new All-time High(ATH) or not!? At what price range can Bitcoin's uptrend end!? When can we expect the uptrend to end!? Please stay with me. Bitcoin appears to have managed to break the Resistance lines , although we saw a fake break a few months ago , and it also appears to have a Hammer Candlestick Pattern in the previous weekly candle , which could signal the completion of Bitcoin's pullback to the Resistance lines(broken). In terms of time , if we want to analyze the Bitcoin chart and look at Bitcoin's past, in general, the months of June(Average=-0.13%/Median=+2.20%) and especially July(Average=+7.56%/Median=+8.90%) have been among the most productive months for Bitcoin , and the months of August(Average=+1.75%/Median=-8.04%) and September(Average=-3.77%/Median=-4.35%) were the months when Bitcoin had a correction . Technical analysis tools show the end of the upward trend and the beginning of Bitcoin's correction at the Time Reversal Zone(TRZ=June 23 to August 4) . In terms of Elliott Wave theory , Bitcoin appears to be completing the main wave 5 , as the main wave 3 was extended . I expect Bitcoin to trend higher(+10%) in the coming weeks and create a new ATH . New ATH could be created in the Potential Reversal Zone(PRZ) and TRZ , and then we can wait for the start of the main correction . What do you think about Bitcoin’s future movement? Can Bitcoin create a new ATH? When and at what price? Note: If Bitcoin falls below $100,000, we should expect further declines. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), weekly 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
34
GOLD → Distribution. There is potential for growth to 3450–3500FX:XAUUSD breaks through consolidation resistance and forms a distribution pattern. A breakout of 3345-3358 could lead to another rally amid high economic risks... Gold is rising for the third day in a row amid growing concerns about new tariffs announced by Trump. He threatened to impose tariffs on Canada and most of its trading partners, as well as the EU. Despite the strengthening of the dollar, demand for gold remains strong due to uncertainty and expectations for US inflation data next week. Investors are cautious ahead of CPI and the Fed's possible response The correlation between gold and the dollar is declining, with gold rising due to geopolitical reasons amid high economic risks. If the bulls keep the price above 3300-3345, the market could be extremely positive for 3400-3500. Resistance levels: 3345, 3358 Support levels: 3330, 3308 Gold has broken through the resistance of the “triangle” consolidation pattern and is forming a distribution phase towards the zone of interest 3345 - 3358, from which a small correction may form before growth. Since 3345 is an intermediate level, the focus is on 3358. I do not rule out the possibility of a long squeeze of the support levels 3330, the triangle support, and 3310 before the growth continues. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
15
Will NIFTY make a price correction? My first scenario is still valid and I think it is more likely to happen. It seems that Wave-g has ended from the second pattern and I think NIFTY50 will decline at least to the price range of the X-wave and there we need to check the waves again to see what pattern is forming. To confirm this scenario, a break below the key level of 25000 is very important. I have also proposed a second scenario that this correction may be an X-wave and after that the price can eventually grow to 25680-26133 and spend time there to complete the third pattern. This scenario is also valid as long as the price remains above the level of 25000. The price correction that is forming can be a double combination pattern like triangle - X - diametric or triangle - X - triangle. Good luck NEoWave Chart Good luck NEoWave Chart
NSE:NIFTYShort
by NEoWave-Chart
Bitcoin - Ready for a new all time high! + ALT SEASON startingBitcoin is breaking out of the symmetrical triangle and showing major signs of strength, so we can expect to hit a new all-time high in the short term! Bitcoin was struggling in the past weeks compared to the stock market, but this should end! Why do I think that the alt season is starting? To answer this question, we need to look at the BTC.D (Bitcoin dominance chart). if BTC.D goes up, that means money is flowing out of altcoins to Bitcoin, and when BTC.D goes down, that means money is flowing from Bitcoin to altcoins. And we want BTC.D to go up! So what is the chart telling us? First of all, this is not exactly BTC.D on TradingView, but this is BTCDOMUSDT.P. I think this chart may give us a better outlook on the dominance at the moment. So what we can see here is that the long-term trendline is breaking down, that's a pretty rare event. That's definitely great news! Time to buy some altcoins and prepare for a bullish altcoin season. I would say forget about Bitcoin and a 5% profit; let's buy some altcoins, and I want you to tell me in the comment section, what altcoin do you believe in? Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades! Trading tip at the end: Learn to bear losses - A trader needs to accept the losses to maintain their emotional stability. Losses are a crucial internal part of trading that helps traders to learn how to grow from their losses. Traders learn from losses and implement required changes in their strategies for better results in future trades.
Long
by Xanrox
160
NVIDIA ($NVDA) Elliott Wave Outlook: Larger Pullback on the HoriNvidia (NVDA) continues its remarkable ascent, consistently reaching new all-time highs and reinforcing a robust bullish outlook. The ongoing rally, which began from a significant low on April 7, 2025, remains structured as an impulsive wave pattern, indicative of strong upward momentum. However, despite the potential for further short-term gains, the cycle appears mature. This suggests a larger-degree pullback could be imminent. Investors should exercise caution when considering chasing this rally in shorter time frames, as the risk of a corrective move grows. In the short term, the cycle initiated from the June 2 low is progressing as a lower-degree impulse. From this low, wave ((i)) peaked at $144, followed by a corrective pullback in wave ((ii)) that concluded at $137.88. The stock then surged in wave ((iii)) to $159.42. The subsequent wave ((iv)) correction unfolded as a double-three structure, with wave (w) ending at $151.49, wave (x) at $154.98, and wave (y) completing at $151.10, finalizing wave ((iv)). Currently, Nvidia is advancing in wave ((v)), exhibiting a five-wave subdivision. Within this, wave (i) of ((v)) reached $160.98, with a minor pullback in wave (ii) concluding at $157.34. As long as the pivotal low at $142.01 holds, any near-term pullbacks are likely to attract buyers in a 3, 7, or 11-swing pattern, supporting further upside potential. This technical setup underscores Nvidia’s strength but highlights the need for prudent risk management.
NASDAQ:NVDA
by Elliottwave-Forecast
#Nifty directions and levels for July 11th:Good morning, Friends! 🌞 Here are the market directions and levels for July 11th: There have been no major changes in the global market. It has been maintaining a moderately bearish sentiment, and our local market is also showing a moderately bearish tone. Gift Nifty is supporting this view by indicating a gap-down start of around 110 points. So, what can we expect today? In the higher time frame, the market still holds a bullish bias, however, the lower time frame reflects bearish sentiment. If we analyze this with chart patterns, it appears to be forming a channel pattern. So, if the market finds support near the bottom of this channel, it may take a pullback after the gap-down, which would mean the channel pattern may continue further. On the other hand, if the market declines sharply or consolidates near the channel bottom, then the correction is likely to continue.
NSE:NIFTY
by Manickamtraders
4
KSMUSDT D – Start of Wave 3? After a clear 5-wave impulsive move up, KSMUSDT seems to have completed a deep ABC correction, potentially marking the end of Wave 2. 📉 Wave 1: We had a clean five-wave move from the bottom, which fits classic Elliott Wave structure. 📉 Wave 2: The correction that followed was much deeper than the ideal Fibonacci retracement zone. However, crucially, it never violated the low of Wave 1, which means it still holds valid under Elliott Wave rules. The correction unfolded as a textbook ABC pattern, with Wave C digging deep into the previous structure — showing panic selloff and possibly a final capitulation. 🔄 Key Development Now: The resistance trendline of the correction has just been broken, suggesting potential momentum shift. This could mark the beginning of Wave 3, which is typically the strongest and most impulsive wave in Elliott Wave theory. 📈 Potential Target for Wave 3: Around the 39.5.80–42.00 area based on Fibonacci projections, but this is an early assumption and requires confirmation by price action and volume. ⚠️ Important Risk Note: Despite this bullish technical setup, the current market remains risky. The bounce is fresh, and confirmation is still lacking. There's still the possibility of a deeper retest or invalidation of this count if price closes below the base of Wave 1. 🧠 Trade Plan: - Wait for follow-through confirmation. - Manage risk carefully — this is an early entry scenario. - A stop below the recent low (~11.30) would be logical for this wave count. 📊 What do you think? Is this the beginning of a powerful Wave 3, or just another fakeout? 💬 Drop your thoughts or alternate wave counts in the comments!
by TheWaveHunter
Bitcoin Makes New ATH – Next Sequence in Play 🚀 CRYPTO:BTCUSD has officially broken into new all-time highs, confirming the next bullish sequence is underway. The upside projection now opens toward the $135K–$144K zone, aligning with long-term Fibonacci extensions and cycle projections. 📌 As always, it won’t be a straight line—expect step-by-step progress, with consolidations and pullbacks along the way. But the structure remains bullish, and the path is unfolding.
Long
by AlienOvichO
BTC: Macro Structure [Weekly Timeframe]Sharing my current view on the macro price structure of Bitcoin, outlining both main and alternative scenarios based on trend wave analysis. Macro Trend Overview and Main scenario The uptrend from the Nov ’22 bottom shows a classic 5-wave impulsive structure, closely aligning with ideal Fibonacci proportions: Wave 3 peaked within the 1.382–1.618% zone Wave 4 found support in the 1.236–1.000% area Wave 5 topped near the 2.000% / 0.618% projection (measured from the Nov’18 bottom to Nov’21 top, projected from the Nov’22 low) Wave (2) was relatively short in time and depth, but technically acceptable as complete. Given the broader technical structure, macro fundamentals, policy tailwinds, and social sentiment - I consider wave (2) to be finished. The rally from April’25 low to May’25 high looks impulsive, followed by a clean three-wave pullback into the June’25 low - a structure consistent with the start of a new uptrend, within a larger degree wave (3). If this is the case, given the fractal nature of the markets, price should Fibonacci proportions similar to the Nov’22 - Mar’24 cycle. For this bullish count to remain valid, BTC must break and hold above the 126–134K resistance zone. This would open the door to next resistance zone be tested nex: 170–190K and 200–220/250K, where I’d expect a major top to begin forming, possibly, the start of a multi-year higher low formation. Alternative Scenario If price fails to break above 126–134K and starts showing reversal patterns, then the yellow count remains valid suggesting the entire trend from Nov’22 has peaked, and BTC could be entering a deep, prolonged correction (as per the yellow count). In Summary As long as weekly closes stay above 111.9K, my base case favors continued upside into 125–135K, where the next major decision zone lies: • Either a short consolidation before breakout • Or formation of a macro top For more detailed levels and daily trend structure (including ETH, SOL, XRP, and HYPE), check out my recent video idea and Minds post. Thank you for your attention and I wish you successful trading decisions! If you found this idea helpful, I’d really appreciate a boost — and would be glad to have you as a subscriber! Thank you for your attention and I wish you successful trading decisions! * I'm keeping the same structure read from my public Mar'24 analysis:
BITSTAMP:BTCUSDLong
by artemfedorov
XAUUSD Elliot waves update: What to expect?Bullish bias is still on. Price made impulsive wave 1 of lower degree and now we should expect price to continue up to test the upper trend line. There is also a possibility that the 4th wave is still in play and a possible triangle is about to be finished, however, this does not change our current bias to the upside. I am expecting price to drop to test the extreme order flow before continuing. To take advantage of the bullish move one need to find the entry around this extreme order flow marked with a rectangle. "Trade responsibly, this is not financial advice"
OANDA:XAUUSDLong
by Elliotwavesglobal