EURUSD Elliott Wave: Top in PlaceExecutive Summary
Wave 1 rally from January 2025 to July 2025 appears complete
Decline to 1.1170 and possibly 1.08 in wave 2.
The support shelf near 1.1170 may contain the decline.
We now have enough evidence in place to consider a medium-term (or longer) top in place for EURUSD.
The weekly chart above shows a rally from the January 2025 low that reached the upper parallel at the July high. This rally appears to be complete and a sideways to lower consolidation is likely underway.
On January 24, we forecasted a rally with a second target of 1.18. EURUSD reached the target topping at 1.1830.
Now, it’s time to flip the scrip as a correction is likely underway to correct that strong rally.
The 6-month rally in EURUSD appears to have ended this month and a correction is likely underway to 1.1170 and possibly lower levels.
The top of EURUSD on July 1 is labeled as wave 1. The decline underway appears incomplete and would be wave 2.
Within the wave 1, wave ((v)) measures equal to wave ((i)) at 1.1832, just a couple of pips within the actual high. Additionally, there is RSI divergence within the wave ((v)) and wave ((iii)) highs. This is a common pattern within a fifth wave of an Elliott wave impulse pattern.
The next trend (lower) will likely carry to below 1.1170.
Near this level is the 38% Fibonacci retracement level of the 6-month rally. Additionally, there is a support shelf of broken resistance and congestion appearing between 1.1033 - 1.1275.
At the lower end of that price zone is a broken trend line dating back to 2023. Therefore, this price zone will offer up a strong level of support that may launch the next rally or at least a small bounce.
BOTTOM LINE
The Elliott wave impulse pattern from January to July 2025 appears over. A downward correction appears to have begun and may visit 1.1170 and possibly lower levels.
As the downward trend takes hold, we’ll review its structure to determine where we are at within the larger wave sequence.
Fibonacci
Bitcoin Rally Losing Steam?Bitcoin might be approaching a Turning Point . Here’s what I’m seeing on the weekly chart:
Price is moving inside an ascending Fibonacci channel.
It’s getting close to the 1.60 (160%) extension level, which has acted as a reversal zone before.
At the same time, the RSI is showing a clear negative divergence, suggesting that momentum is weakening.
These signs combined could mean we’re not far from a significant correction.
Nothing is confirmed yet, but it’s a setup worth keeping an eye on.
NQ Power Range Report with FIB Ext - 7/17/2025 SessionCME_MINI:NQU2025
- PR High: 23072.00
- PR Low: 23031.25
- NZ Spread: 91.25
Key scheduled economic events:
08:30 | Initial Jobless Claims
- Retail Sales (Core|MoM)
- Philadelphia Fed Manufacturing Index
Session Open Stats (As of 12:35 AM 7/17)
- Session Open ATR: 274.88
- Volume: 18K
- Open Int: 268K
- Trend Grade: Neutral
- From BA ATH: -0.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 23239
- Mid: 21525
- Short: 20383
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
SMR heads up at $40.78: Golden Genesis fib may cause a DIPSMR got a strong spike with all nuclear stocks.
It has just hit a Golden Genesis fib at $40.78.
Look for a Dip-to-Fib or Break-n-Retest for longs.
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See "Related Publications" for previous plots including this BOTTOM CALL:
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EUR/USD – Falling Wedge at Major Fibonacci Zone | Bullish ReversAfter a strong mid-June rally, EUR/USD has pulled back into a key fib cluster, showing early signs of reversal from a classic falling wedge pattern — often a precursor to bullish breakouts.
Technical Breakdown:
📉 Descending Trendline
🔍 Fibonacci Confluence:
Price is reacting from the 0.5-0.618 – 0.705 zone (1.16421-1.15969), aligning perfectly with historical demand and the golden zone of the fib retracement.
Just below sits the 0.79 fib (1.15339), which also marks our invalidity level for this idea — a deep but powerful retracement if tested.
💡 RSI:
While still below 50, it has created a hidden bullish divergence between July 12–17, hinting that momentum is flipping back to bulls.
🧠 Educational Insight:
This setup combines Trendlines, Fibonacci retracement theory, and EMA dynamics to build a multi-layered trade thesis — the type of confluence we look for at Wright Way Investments.
Price doesn’t just reverse because it hits a fib level. But when structure, EMAs, and RSI align — the odds increase significantly.
📈 Trade Setup (Idea-Based, Not Financial Advice):
Long Entry Zone: Current area (1.159–1.161), with confirmation above 1.1626
Invalidation: Clean break & close below 1.15339
Target Zones:
🎯 TP1 – 1.1642 (50 fib & retest zone)
🎯 TP2 – 1.1686 (38.2 fib)
🎯 TP3 – 1.1755 (Weekly Resistance)
📌 Summary:
EUR/USD is forming a textbook reversal setup, supported by fib precision and EMA alignment. Patience is key — but the ingredients are here for a strong bullish continuation.
ETHUSD: Double Top into A Bearish 5-0 Breakdown (Extended)Updated Commentary: ETH has extended a bit further than projected as the Pattern Completed at the 0.618 but ETH gapped into the 0.786 instead. The gap up aligned with an upside gap fill on the CME futures as well as a gap fill on the grayscale ETH futures ETF $ETHE. The easier move from here to simply add to the ETH shorts and adjust the stop to be above the previous highs while sizing up at the 0.786 and playing off this gap higher as an anomaly. Beyond this, my view on ETH at the current 0.786 retrace remains the same as the original Idea posted as ETH rose into the initial 0.618 PCZ the details of which I will also include once again below as it still remains relevant.
ETH for the last 5 years has been developing a Double Topping pattern which has put in a series of lower highs during the most recent 2nd run up. As we've confirmed these lower highs we've broken down below trendline and are finding resistance at the trendline which happens to have confluence with the PCZ of a Bearish 5-0 wave formation near a 0.786 retrace.
As we begin to find weakness and Bearish price action begins I suspect price will make it's way towards the neckline of the double top aligning with the $880 price level if ETH breaks below that level there will be no significant support until it reaches the all-time 0.382 retrace down at around $92.10.
In short it seems ETH is in the early stages of a macro breakdown which could result in value declines greater than 80%.
I also suspect that we will see many of the assets that ran up significantly going into this week to sharply reverse those run-ups as this week comes to a close and the new week begins mainly due to the effects of OpEx, this includes: Bitcoin, MSTR, SOL, XLC, META, and BTBT. Long-dated Put accumulation on these assets at these levels is far easier to manage than naked short positions and that's how I will go about positioning here.
ADA | Trade-updateWe’re in full profit on our CRYPTOCAP:ADA trade.
I took the final profits at the target zone (yellow); just a small portion is still running.
Gave yall that one for free — 68 R/R, lol.
Your win rate doesn’t need to be high — 30–40% with solid R/R is enough to be profitable.
Have a blessed day!
Bank of America Wave Analysis – 18 July 2025- Bank of America reversed from support area
- Likely to rise to resistance level 40550.00
Bank of America recently reversed up with the daily Morning Star from the support area located between the support level 45.00 (former resistance from May and June) and the lower daily Bollinger Band.
This support area was further strengthened by the 38.2% Fibonacci correction of the earlier upward impulse from April.
Given the clear daily uptrend, Bank of America can be expected to rise to the next resistance level 49.23 (top of the previous impulse wave 1).
Ebay Wave Analysis – 18 July 2025
- Ebay rising inside impulse wave (3)
- Likely to rise to resistance 80.00
Ebay continues to rise inside the impulse wave (3) of the long-term upward impulse wave 3 from the end of June.
The active long-term impulse wave 3 started earlier from the support zone between the support level 74.00, upper trendline of the recently broken up channel from November and the lower daily Bollinger Band.
Given the clear daily uptrend, Ebay can be expected to rise further to the next resistance 80.00 (monthly high from June and the target for the completion of the active wave (3)).
Bitcoin Technical Setup: Support Holds, Eyes on $118,600Bitcoin ( BINANCE:BTCUSDT ) moved as I expected in the previous ideas and finally completed the CME Gap($117,255-$116,675) in the last hours of the week. ( First Idea _ Second Idea )
Before starting today's analysis, it is important to note that trading volume is generally low on Saturday and Sunday , and we may not see a big move and Bitcoin will move in the range of $121,000 to $115,000 ( in the best case scenario and if no special news comes ).
Bitcoin is currently trading near the Support zone($116,900-$115,730) , Cumulative Long Liquidation Leverage($116,881-$115,468) , Potential Reversal Zone(PRZ) , and Support lines .
According to Elliott Wave theory , Bitcoin had a temporary pump after the " GENIUS stablecoin bill clears House and heads to Trump's desk " news, but then started to fall again, confirming the end of the Zigzag Correction(ABC/5-3-5) . Now we have to wait for the next 5 down waves or the corrective waves will be complicated .
I expect Bitcoin to rebound from the existing supports and rise to at least $118,600 . The second target could be the Resistance lines .
Do you think Bitcoin will fill the CME Gap($115,060-$114,947) in this price drop?
Cumulative Short Liquidation Leverage: $121,519-$119,941
Do you think Bitcoin can create a new ATH again?
Note: Stop Loss(SL)= $114,700
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 15-minute 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.
BTC/USD | 2025 Top = 130k | 2026 Top = 170k+Continuing the current upwards trajectory, using Fibonacci trend analysis, we'll reach BTC's peak for 2025 @ 130-135k within the next few months.
By the end of the month / beginning of 2026, BTC will be back to 100k - this is where this strategy begins.
Enter @ 100k between the 78.6% and 100% Fibonacci levels, setting a comfortable SL down to the 61.8% Fibonacci level @ 80k. Over the course of 3-6 months we'll then reach the first peak of 2026 at the 178.6% level @ 150-160k . Close.
From this point, timelines rely purely on consistency, however considering Bitcoin's adoption and rate of growth, an upwards trend is guaranteed.
We wait for price retraction down to 120-125k near the lower 127.2% Fib level and enter. SL down at 100% Fib level @ 100-105k. Next peak for 2026 is 170k and above , possibly creating a top @ 200k.
ETH/USDT 4H Chart✅ Market Trend and Structure:
Uptrend: The highlighted orange trend line shows continuous growth since mid-April. The price is trading above the 50- and 200-period moving averages (EMA and SMA), confirming bullish sentiment.
Current price: around 3556 USDT – very close to local highs.
Resistance break in the 3200–3300 USDT area, which now acts as support.
📈 Technical Levels:
Resistance (red horizontal lines):
3600–3650 USDT – local resistance resulting from market reaction.
3888 USDT – next historical resistance level.
4133 USDT – established long-term target (green dashed line at the top).
Support:
3300 USDT – strong support after a previous breakout.
3080 USDT – previous high, now the next support level.
3070 / 2900 USDT – key technical support levels in the event of a larger correction.
📊 Indicators:
MACD:
The MACD is in a strongly bullish zone, but:
The histogram is flattening.
A bearish crossover pattern is possible in the following candles – a signal of weakening momentum.
RSI:
RSI ~74 – is in the overbought zone, which often heralds a correction or at least consolidation.
A value above 70 confirms the bullish trend but may suggest that momentum is overheated.
📌 Conclusions and Scenarios:
🔼 Upside Scenario (trend continuation):
If the price remains above 3300–3350 USDT, it could move towards 3888, and then 4133 USDT.
A break above 3650 USDT on heavy volume will be a strong continuation signal.
🔽 Corrective scenario (short-term pullback):
The RSI and MACD suggest a possible correction.
Potential pullback to:
3300 USDT (retest of previous resistance as support).
SMA 200 (~2600 USDT) with a deeper downward move.
ADA | Trade setup📌 After the breakout from the last high at $0.86, a bullish sequence (orange) has now been activated.
📊 These setups typically occur no more than twice per year on any given altcoin, so I’ll be aggressively buying each level at the B-C retracement area.
Trademanagement:
- I'm placing long orders at each level. ((If the price continues climbing, I’ll adjust the trend reversal level (green) accordingly and update my limit orders.)
- Once the trade reaches a 2 R/R, I’ll move the stop-loss to break-even.
- From a 3 R/R onward, I’ll start locking in profits.
✅ I welcome every correction from here on —
but I won’t enter any new positions at these top levels.
Stay safe & lets make money