Elliotwaveanalysis
#CHFJPY bearish high potential moveA clear 5-wave bullish move has formed, with the fifth wave taking the shape of an ending diagonal, or what could also be termed a rising wedge pattern. Regardless of terminology, this is a bearish pattern with a high potential for reward.
Further confirmations include a bearish divergence between price and the MACD oscillator during the formation of wave five, as well as price reaching one of the key Fibonacci targets for the completion of the fifth wave.
To enter the trade, ensure you wait for a proper bearish breakout of a rising wedge pattern.
#DXY following days analysisHere’s what we could expect from DXY in the coming days:
This extended bullish move is likely wave A of an ABC corrective structure to complete wave 4. Given the clear bearish divergence between price and the oscillator, we are likely nearing the top of wave A.
From here, we could see a bearish move, which would be corrective in nature and related to the higher degree trend. However, this phase might be tricky for short-term traders as it could be choppy and manipulative.
Following this, we can expect another bullish leg to complete wave C of the ABC pattern.
Let’s see how DXY develops in the coming days.
TOTAL crypto DiagonalI found a pattern that is the key to upcoming moves in all cryptocurrency markets. I am looking at the same charts for months because I focus on them as indicators, however I has discovered it on TOTAL, which indicates his predictive strength.
It is quite simple to understand the pattern. Here is a quote from the book “Elliott Wave Principle”, -
A diagonal is a pattern that has two corrective characteristics. As with an impulse, no reactionary subwave fully retraces the preceding actionary subwave, and the third subwave is never the shortest. A diagonal is the only five-wave structure in the direction of the main trend within which wave four almost always moves into the price territory of wave one and within which all the waves are "threes" or can be labeled 5-3-5-3-5. It has recently come to light that a diagonal occasionally appears in the wave 1 position of impulses and in the wave A position of zigzags.
An ending diagonal occurs primarily in the fifth wave position at times when the preceding move has gone "too far too fast". A very small percentage of diagonals appear in the C-wave position of A-B-C formations. In all cases, they are found at the termination points of larger patterns, indicating exhaustion of the larger movement.
Here is an example of Ending Diagonal on DJIA.
Ending diagonal often ends in a “throw-over,” i.e., a brief break of the trendline connecting the end points of waves one and three.
A rising ending diagonal is usually followed by a sharp decline retracing at least back to the level where it began and typically much further. A falling ending diagonal by the same token usually gives rise to an upward thrust.
Fifth wave extensions, truncated fifths and ending diagonals all imply the same thing: dramatic reversal ahead. At some turning points, two of these phenomena have occurred together at different degrees, compounding the violence of the next move in the opposite direction.
That it for now!
Which next steps towards analysis of this discovery do I see?
In the text of the citation there is mentions of the labeling shape - 5-3-5-3-5. It is need to check the relationship to the PHI, this may give a clue - Ending or Leading Diagonal do we have and - targets projection.
AAVE: Strong Impulsive Move on the HorizonAAVE is showing two clear, decisive breaks of the upper trendlines, pointing to an upside move. The price action looks impulsive, with sharp upward lunges already visible. If this pattern holds, we’re likely in Wave 3, and a significant move to the upside could happen quickly.
However, after Wave 5 of 5 completes, we should expect a classic ABC correction to follow. For now, the trendline analysis looks solid, but it’s crucial to wait for a decisive trend break before considering taking positions. As always, make sure your signals align before jumping in.
#GBPCAD bearish upcoming move
A clear 5-wave bearish impulsive move, followed by an ABC bullish correction, sets the stage for a potential bearish wave C or wave 3.
From a trading perspective, it’s not crucial whether the next wave is C or 3, as both scenarios indicate a likely bearish move. Additional confirmation comes from the bearish divergence between potential waves 3 and 5 in the current bullish leg (wave C).
To enter the trade, ensure you wait for a proper bearish breakout on a lower timeframe for confirmation.
BTC and Trendlines: Patience over FOMO for a Clear SignalTrendlines are key to staying disciplined. Recently, BTC has seen some impressive inflows, with a couple of green bars showing up nicely on the charts. In the past, this might have triggered some FOMO, tempting me to start adding capital as those green bars intensified. But does this necessarily mean we’re seeing a trend reversal? Absolutely not.
The real difference between FOMO and a solid trade setup lies in waiting for the ‘jive’ of multiple signals to confirm the move. For me, the most reliable indicator remains the trendline. If the yellow trendline is decisively broken, then we can confidently say BTC is on Wave 3 of 5 of 5 of 1. However, this recent green uptick alone isn’t enough to suggest a decent trade opportunity yet.
Points A, B, and C might have been valid entry points in the past, but without a clear break of the upper trendline, the risk of a reversal still looms large. For confirmation, I’m looking for a decisive break—a full open and close above the trendline, ideally on at least a 4-hour timeframe. Only then can we be more certain about BTC’s next big move.
If Point D is reached (around $63,600), that’s where I’m fully in—riding it up to around $130K. Until then, it’s all about waiting for the signals to align and not getting caught up in short-term excitement.
#Silver bearish counter trend opportunityAs seen in the chart, silver has formed a 5-wave bullish impulsive move and has since begun a bearish move, which could be labeled as wave A.
As we know, corrective waves typically occur in three waves. I believe we are nearing the completion of wave B, which could lead to another bearish leg to complete wave C.
This entire 3-wave bearish move could then form wave 2 of 5 on a higher degree.
Therefore, while we might be looking at a short-term bearish move, according to Elliott Wave theory, there is still significant bullish potential in the coming weeks.
#Silver near the end of wave 3 of 5 of 3 From an Elliott Wave perspective, it appears that the price has formed wave 3 in an impulsive bullish move. Therefore, we can anticipate a bearish corrective move to complete wave 4.
Based on the principle of alternation, since wave 2 was a sharp correction, wave 4 could potentially be a more prolonged, time-consuming corrective phase. This suggests that the upcoming wave 4 correction may develop as a more complex or sideways movement before resuming the uptrend for wave 5.
It's important to note that bullish move is still on. However, we may now see a bearish corrective move.
#Silver Elliot wave analysis Based on this Elliott Wave analysis, we are likely at the beginning of a bullish wave 5. This suggests that corrective wave 4, which formed as a regular flat pattern, has concluded, and a new bullish move is set to begin.
As a result, any bearish corrective move should be viewed as a potential buying opportunity.
Let me know if you like Elliot wave analysis.
Sui(SUI) Roadmap!!!Today, I want to analyze the Sui( BINANCE:SUIUSDT ) project , which has seen a good increase in these days, and show you its roadmap .
The recent price surge of the SUI token can be attributed to several key factors :
1- Increased Transaction Volume : Sui Network recently surpassed Solana in terms of transaction volume. This uptick in transactions is largely driven by the rise of meme coins on the Sui blockchain, which has caught the attention of traders and investors alike.
2- Strategic Partnerships and Institutional Adoption : Sui Network has formed strategic partnerships, notably with Grayscale and Circle. The launch of the Grayscale SUI Trust has enabled institutional investors to gain exposure to SUI, boosting interest and liquidity. Additionally, the integration of USDC through Circle’s Cross-Chain Transfer Protocol has enhanced the network’s utility in DeFi and gaming sectors.
3- New SCION Technology : Sui introduced SCION, a new network infrastructure designed to enhance security and reduce latency in Web3 applications. This innovation has further bolstered confidence in the network, attracting more users and developers.
It seems that according to the good news that has come for the Sui project , the increase of the SUI token will continue, but it will probably experience a small correction to increase again.
Currently, SUI is moving near the Resistance lines and the Potential Reversal Zone(PRZ)($3.00-$2.50) .
According to the theory of Elliot waves , SUI seems to be completing the main wave 3 . ( It is completing the microwave 5 of the main wave 3 ).
I expect SUI to rise another +20% or so and then start to correct. SUI correction can be -20% to -40% .
Sui Analyze (SUIUSDT), Daily time frame⏰.
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BITCOIN - Same pattern with bigger scale Hey Traders,
As you can see Bitcoin has been moving correctively in the last few months. Too many questions about the direction of Bitcoin. Are we gonna hit the 80k level or we are going down to the 40k level. Well, based on Elliot wave theories and based on market structure, we still have one more leg to the downside.
Technical Approach : We are in a WXY Pattern. WXY is made up of 3 waves:
Wave W = 3 waves
Wave X = 3 waves
Wave Y = 3 waves
Expecting wave Y to be a ZIGZAG pattern ( 5-3-5 ) . This type of pattern is made up of 3 waves were waves A and C consists of 5 waves each, while wave B consists of 3 waves only .We are currently in subwave C of wave Y ( final leg ).
Historical Approach: We have seen the same pattern with smaller size in the beginning of the year.
Any entry from now requires a stoploss above invalidation level.
Good Luck and trade safe!
ETHEREUM - SHORT Expecting a rejection of our sell zone. Once entered, stoploss above the highs ( invalidation level ).
EURUSD - LONG Price is starting to show some reversal. Expecting price to retrace to golden zone. Entry now with stoploss below the current lows.
EURUSD ANALYSIS - Wait for price to retrace back to sell zone or any Fibonacci level
- Watch for a rejection
- Stoploss above the highs or above the rejection
- Target: 1.040 ( 700 pips )
Good Luck and Trade Safe!
Alikze »» SOL | Wave 3 or C scenario - 4H🔍 Technical analysis: Wave 3 or C scenario - 4H
- It is moving in an ascending channel in the 4-hour time frame.
- It is currently in wave 3 or c, which can continue its growth up to the top of the channel.
- A zigzag correction is observed in the corrective microwaves at the bottom of the channel, which has moved a three-wave towards the supply range.
- After that, a 5-wave correction has extended to the bottom of the channel in the golden zone.
- Wave a has a three-wave cycle and wave b has a five-wave cycle.
- Therefore, wave c can extend to the region of the roof of the channel and the red box.
💎 According to the structure, the minimum growth up to the first supply area, the middle range of the channel and after its failure up to the second red box, the ceiling of the channel can continue its growth.
⚠️ In addition, if the region 133.181 is touched, the bullish scenario will be invalidated and should be updated again. ⚠️
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KUCOIN:SOLUSDT
EUR NZD ELLIOTT WAVE ANALYSISThe EUR/NZD currency pair has completed its five-wave cycle, indicating a potential transition into an ABC corrective phase. Traders can anticipate a downward correction with initial price targets aligned with key Fibonacci retracement levels. The first target is set at the 38.2% Fibonacci level, providing an early take-profit opportunity as the correction unfolds. Should the corrective wave extend further, the second target is identified at the 61.8% Fibonacci level, offering a secondary profit-taking point. This strategic approach leverages the Fibonacci retracement to optimize risk management during the anticipated correction in the EUR/NZD market.
NVIDIA 4 Hour -30 Minute Wave Counting Where are We Going ? Morning Traders
We are looking at if this market has finished making a wave 4 correction or are we in for a treat with either a small correction down before we punch up to the 137-138 target we have in our wave counting and projections.
The question is always be aware of the worst case scenario here and the best case scenario, take caution
Happy Trading
MB Trader
DOLLAR INDEX ANALYSISExpecting DXY to continue moving to the upside to complete ABC pattern. Watch for a pullback and then look for XXXUSD SHORT and USDXXX LONG.
Gold Outlookgold Might Fly as we are expecting big data Fundamentally CPI Unemployment Claims can boost up gold higher to 2640 to 2650 levels, as we have seen on H4 price has retraced to 68% of fibo so we can expect a flying in gold
BTC Primed for Explosive Wave 3 Rally: All-Time Highs in Sight?BTC looks to have completed its ABC correction for Wave 2 in the short-term impulse wave. The correction landed perfectly on the 0.618 Fibonacci retracement level, a textbook setup for an ABC pattern. With this, BTC is now entering Wave 3, which historically offers the strongest price movements.
In the immediate term, BTC is poised to break through Waves 1 and 2 of 3 quickly. But the real fireworks will likely come when we hit Wave 3 of 3, which could push BTC up to as high as $68k—a target that’s been on the cards for some time. If we manage to break through the upper trendline during Waves 4 and 5 of the higher degree trend, BTC could be set for new all-time highs within the next few weeks.
With all eyes on this setup, it feels like November 5th could be a pivotal moment for BTC. Let’s see how the market unfolds, but it’s looking very bullish!
NVIDIA Is Trying To Breakout Of A Triangle; Room For $150Hello Traders, and welcome to our new update!
This time I will take a look at Nvidia. It’s in a very nice recovery and looking strong, especially after retesting the $90 area and filling the gap from August, which occurred after earnings were released in May. This retracement was quite similar to the pullback we saw back in April, when the market retraced to the gap from February’s, following Q4 2023 earnings release.
Currently, Nvidia is coming out from an Elliott wave bullish triangle. This is significant because such triangles typically represent sideways price action between two contracting trendlines, where many traders tend to lose interest as the range drags on. However, as the price contracts, this is actually when we should expect a breakout, espeically when we see five subwaves labeled A-B-C-D-E within the triangle, it’s a strong signal that the breakout can be coming.
The confirmation for the breakout comes when the wave (D) swing high is broken, which was around $127. But now,the price is even pushing above $131.40, wave (B) high. if it closes above that level, I believe there’s a good chance the market will rally to new highs, potentially reaching the $150 area.
If you find these insights helpful, please like this idea or drop a comment below.
Gregor
NVDA Wave Count: Wave 3 Targets Above $125, Breakdown Below $123Hey traders, it’s Mindbloome Trader here with an NVDA wave count from the 4-hour to 30-minute chart. If we break above $125, we’re aiming for wave 3 on the upside. But if we drop below $123, we could see more downside action. Stay sharp and trade what you see!
