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Elliott Wave

#Banknifty directions and levels for July 10th:Structurally, we are still in a range with a moderately bullish bias. So, until the range is broken, we may not get any clear direction. However, my expectation is that if the market initially pulls back, it could continue the rally with some consolidation. In this case, if a solid structure forms, we can expect a longer rally. On the other hand, if the market declines and finds support around the immediate support level, it may continue to stay in the range. Or, if a solid structure forms on the downside, then the correction is likely to continue.
NSE:BANKNIFTY
by Manickamtraders
1
BITCOIN → Market manipulation. Chance for growth to 110KBINANCE:BTCUSDT , as part of a correction triggered by negative news from the US regarding tariffs, is testing liquidity in the support zone. There is a chance of recovery to 110K. Bitcoin is reacting with a decline to fundamentally negative data on tariffs from Trump. Technically, the price is facing support and forming a false breakdown, the purpose of which was to capture liquidity. This could lead to a recovery within consolidation in an uptrend, but again, there are conditions... Countries that have received notification of tariffs are responding positively to cooperation (if this trend continues, Bitcoin could receive a local bullish driver). The market perceives this as positive, and after liquidity is captured, the price could recover to the resistance of the trading range. Resistance levels: 108230, 109690 Support levels: 107500, 106500 Bulls are trying to hold the local interim bottom at 107500. There is a reaction to the false breakdown of support. The focus is on 108230; if the market can break through this level, we will have a chance to grow to 110K. Best regards, R. Linda!
Long
by RLinda
16
Strong USOIL Setup: Long from Support + 4.34 R/RHey Guys, hope you're all doing well! I've placed a limit buy order on USOIL from a key support level. Below are the relevant levels for your reference: - 🔵 Entry Level: 67.424 - 🔴 Stop Loss: 66.803 - 🟢 Target 1 (TP1): 67.908 - 🟢 Target 2 (TP2): 68.456 - 🟢 Target 3 (TP3): 70.036 📊 Risk/Reward Ratio: 4.34 Your likes and support are what keep me motivated to share these analyses consistently. Huge thanks to everyone who shows love and appreciation! 🙏
FX:USOILLong
by TraderTilki
2
GOLD → Readiness to test the local bottomFX:XAUUSD is under pressure from the rising dollar and uncertainty, breaking through support levels, which opens up a corridor for the market to fall to 3255 - 3246 The price of gold is consolidating around $3300 after falling more than 1% amid expectations of the Fed minutes and news about tariffs. Investors remain cautious: the dollar is supported by hopes for US trade deals, while the threat of new tariffs from August 1 is holding back gold's growth. Weak inflation data in China did not support the metal, while expectations that the Fed will not rush to cut rates due to inflationary pressure from tariffs are also limiting interest in gold. Traders are waiting for the Fed minutes and new statements from Trump to determine the further direction. Technically, the market looks weak (on D1, the price closed below the key level of 3300 on Tuesday) and there is a chance of a further decline. Resistance levels: 3300, 3311 Support levels: 3295, 3255, 3246 Consolidation below 3295-3300 could trigger a further decline to 3255, from which the market could react with a correction. Buying can be considered if gold reverses the short scenario, manages to strengthen to 3311, and consolidates above this level. At the moment, the price is in the selling zone... Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
24
AAVE prepares for the back-test After a sharp decline, AAVE formed a textbook spring, signaling that strong buying demand has returned to the market. The recent bullish leg appears to have completed a 5-wave impulse structure (H4 timeframe), suggesting a high probability that a corrective phase may follow. Currently, EURONEXT:AAVE is testing the resistance boundary of its ascending channel. I’m looking for signs of an upthrust here, with two primary scenarios in mind: Scenario 1: If the recent surge to $300 is confirmed as an upthrust, we could see a mild correction back to the $279 area for a support back-test—possibly forming a secondary spring within the rising channel (lower probability). Scenario 2: If price wicks above $300 but then reverses, I anticipate a back-test at $289, which could set the stage for a new rally to break ATHs (targeting $325) and potentially reach the $370 area. RSI is approaching overbought territory, but there’s no clear sign of a reversal yet. It’s crucial to watch for divergence signals at this stage. Key Points: AAVE is in a strong bullish phase, but a short-term pullback to retest the $279–$289 support zone could offer the optimal entry for the next leg up. Risk management first: Keep stops tight below $275 to protect capital.
Short
by Lupinut
1
$SUI Gearing Up to Break Triple Resistance?CRYPTOCAP:SUI is consolidating under resistance which often leads to a breakthrough but can take some time. Price is sat above the daily pivot after breaking the downward trend resistance, but still under the daily 200 EMA and High Volume Node resistance. A pop above $3.09 swing high would be a bullish signal to long towards a first target of $4.2 High Volume Node. Analysis is invalidated with a move below $2.7, leaving heavy resistance still ahead. Safe trading
COINBASE:SUIUSD
by Maddox_Metrics
1
EURUSD → Bullish daily structure. Correction before growthFX:EURUSD , after significant growth and a break of structure, has entered a local correction, the target of which may be a phase of accumulation of potential for updating intermediate highs (1.183). The daily market model is bullish. A break of the structure has formed on D1, and the market is entering a correction phase, during which it may be interested in testing 0.5 or the 0.7 Fibonacci area before continuing its growth. I would also like to draw attention to the previously broken resistance level of 1.164 - 1.163, which, within the current correction, may act as a support level for buyers... In addition, the market has not yet reached the liquidity level it was heading for during the correction for a possible continuation of growth. Zone of interest: 1.168, 1.164, 1.159 Resistance levels: 1.1728, 1.1766 Support levels: 1.168, 1.164, 1.159 A false breakdown of the specified support zone could change the market imbalance and attract buyer interest, which could generally support the bullish trend. Best regards, R. Linda!
Long
by RLinda
7
ETHUSD SHAPING THE BEARISH WEDGE, READY TO DECLINE Ethereum has been forming the bearish wedge since the June 23th. The asset goes precisely according to Elliot 5-waves formation and is currently starting the wave E, rebounding from the lower border of the chart pattern. What a trader may do? We may go aggressive and trade long right immedia CAPITALCOM:ETHUSD tely with a take profit slightly below the 2,700.00 resistance level 🔼 a market buy order at 2544.19 with ❌a stop loss at 2489.90 and 🤑a take profit at 2691.35, risk-reward ratio is 1:2.71 (nice one!) However, I prefer to stay conservative and wait till the price tests the 2,700.00 level and enter the position there with 🔽 a pending sell stop order at 2691.35 with ❌a stop loss at 2759.92 and 🤑a take profit at 2409.89 risk-reward ratio here will be 1:4.1 (even better!) In mid-term, I still expect ETHUSD to trade within a 2,400.00-2,700.00 range. So after assets reaches the 2,400.00, could be reasonable to look for new long opportunities! But will see.
CAPITALCOM:ETHUSDShort
by ProfessorSingapore
4
AMD: Elliott Wave Cycle Shows Impulsive RecoveryAMD has seen a deep retracement from its 2024 highs, but it now looks like the stock is trying to stabilize. However, a straight push to new highs may not be likely just yet, as we’re still tracking an ongoing running triangle—an A-B-C-D-E pattern. Looking at the daily chart, things do look promising for more upside into wave D as we’re seeing a clean five-wave move up on the lower time frame, suggesting we may be in wave A of that D-leg. After a pullback, there could be some very interesting opportunities on the long side. Support levels on dips to watch are around 115 and 123, while upward projections for this three-wave D-leg rally could be toward the 166 gap area and potentially 185. Highlights: Direction: Up after pullback Support: 115–123 Upside projection: 166 (gap), 185 Grega
NASDAQ:AMD
by ew-forecast
Gold Finds Supports – Is the Rebound About to Begin?Gold ( OANDA:XAUUSD ) declined to the Support zone($3,312-$3,290) and Support lines as I expected in the previous idea . Gold is currently trading in the Support zone($3,312-$3,290) and near a set of support lines . In terms of Elliott Wave theory , it seems that Gold has completed the Zigzag Correction(ABC/5-3-5 ) and we should wait for the next 5 impulse waves . One of the confirmation signs of the end of these corrective waves could be the break of the resistance line . I expect Gold to trend higher in the coming hours and rise to at least $3,343 AFTER breaking the Resistance line . Second Target: $3,364 Note: Stop Loss (SL) = $3,287 Gold Analyze (XAUUSD), 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; 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.
OANDA:XAUUSDLong
by pejman_zwin
34
XAG/USD elliot wave countFXOPEN:XAGUSD 📊 Silver – Elliott Wave Analysis (Overview) 🔹 Macro Structure: We’ve already completed the larger Wave 3 and are now transitioning into Wave 4. 🔹 Corrective Structure – Wave 4: The A wave of the correction is already completed. The B wave has also been completed. We are now in the process of building the C wave, which will complete Wave 4. 🔹 Internal Structure of Wave C: From the end of Wave B, we’ve already formed a (1) and (2) (in brackets). Within this move, another smaller (1) and (2) have now unfolded, and we are currently on the way to the (3) of C. 🔹 Market Context: Target zones and entry zones are already marked on the chart. These zones can still be adjusted, depending on how price action develops in the coming days.
FXOPEN:XAGUSDShort
by ElliotXSolana
XAU/USD elliot wave countOANDA:XAUUSD 📊 Elliott Wave Analysis (Overview) 🔹 Primary Structure: We're currently moving from white Wave 3 into white Wave 4. 🔹 Wave 4 Breakdown: So far, Wave 4 is developing as a typical ABC corrective pattern. Waves (A) and (B) (in brackets) have already been formed. 🔹 Wave (B) Internal Structure: Wave (B) is unfolding as an impulse: we’ve completed Bracket 1, Bracket 2, and we’re now on the way into Bracket 3. Within Bracket 3, we've already built a yellow Wave 1 and a potential yellow Wave 2. 🔹 Current Market Condition: For the bearish scenario to stay valid, we must remain below the red trendline. If we break above the red trendline, then yellow Wave 2 would likely extend higher and complete itself inside the red Fibonacci zone — making the correction deeper. 🎯 Target Zones: Targets for yellow Wave 3 and the broader Bracket 3 are already displayed on the chart. However, these targets can still be adjusted depending on how price unfolds in the coming sessions.
OANDA:XAUUSDShort
by ElliotXSolana