Hello TradingView community, Analyzing the US30 on the 3-hour chart, we've identified a compelling Elliott Wave setup that suggests a potential pullback is imminent. The index completed a significant upward movement labeled as waves 1 through 5, followed by a corrective ABC pattern. Currently, we observe that the price has started another impulse pattern,...
Hello TradingView community, In this analysis of USDCAD on the 30-minute chart, we see a promising opportunity for a long position based on Elliott Wave theory. The pair has completed a classic impulse sequence up through wave (3), followed by a corrective phase that appears to have ended with wave (4). The recent price behavior suggests that wave (4) has found...
Hello TradingView Community, Today, I'm analyzing CADJPY on the 4-hour chart using Elliott Wave theory, which presents an optimistic view for a potential long position. Our analysis suggests that the market is currently in a corrective phase after a robust impulse wave. From the chart, we can see that the price completed a five-wave impulse sequence leading to a...
Hello TradingView Community, Let's delve into the NZDCHF pair, which is currently displaying a compelling setup for a short position, based on Elliott Wave theory. Analyzing the 30-minute chart, we can see the completion of a five-wave sequence followed by what appears to be a corrective ABC pattern. Following the peak of wave (5), NZDCHF has embarked on a...
Hello crypto traders, Ethereum's recent price action on the 15-minute chart is presenting an intriguing short opportunity according to Elliott Wave analysis. After a significant drop, the price has formed what appears to be a corrective pattern in the structure of an ABC move, with the current wave C unfolding. The recent rally (wave C) is showing signs of...
Hello TradingView enthusiasts, In this post, I'm dissecting the recent price action of Bitcoin (BTCUSD) on the 15-minute chart using Elliott Wave analysis to predict an upcoming decline. Our analysis starts from the significant low, marking it as the beginning of our wave count. We have witnessed a clear five-wave impulse to the upside, culminating in a high...
Hello Traders, Today, I'm sharing my analysis of the NASDAQ (US100), where I foresee a potential short opportunity, based on Elliott Wave theory. The 30-minute chart has showcased a complete impulse sequence followed by a corrective pattern, suggesting we're gearing up for another move lower. The sequence started with a sharp rally labeled as waves 1 through 5,...
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
BINANCE:LINKUSDT pulled back toward the support level after a bearish impulse move. As we can see, the price is from the range zone. It is currently moving sideways between the bottom and top of the range. I think the price may retest the local high and break out of the channel, which is going to be a bullish sign. Basically, there is accumulation in the 13–15...
The market went further down from the resistance after news releases. The price responded poorly to the key level at 2300. We did not have a strong upward move, which indicates that bulls are not ready to buy at these levels. On the daily, OANDA:XAUUSD formed an inside bar formation, which can be seen as a triangle pattern in lower timeframes. I think the market...
In my posts over the past month and a half, I've maintained a bearish stance on $FX:GBPUSD. However, despite reaching a low of 1.23, the pair reversed course and climbed back to 1.25+, failing to meet my prediction of reaching the 1.2 zone. Currently, GBPUSD is trading at 1.2540, marking a crucial point for this pair. While I typically don't present multiple...
According to the long-term analysis, the DOT currency is moving in the 1W time frame, which, as mentioned in the updated micro-waves of the previous post, completed a complete cycle in accordance with the path in the range of 11.92. 💎 First scenario: due to the recent three-wave correction and support in an important PRZ area, an upward corrective movement is...
In the daily and weekly time, it is moving in an ascending channel, where three-wave movements are evident inside the channel. At present, with the failure of the major ceiling, it can continue its upward path by completing the pullback to the specified limits and the ceiling of the ascending channel. In the last part of this movement, it can be completed with...
Wednesday we saw Crude make a nice substantial move downwards as the previous forecasts have shown. A large range day isnt normally followed by another day with a extremely large range and you can think of it like a runner running 800meters and couples minutes later having to run another race shortly after... energy needs to be recouped. I am staying bearish and...
In this scenario, gold has completed a reverse triangle pattern and is ready to grow. This scenario is confirmed if the price can cross the beginning of wave (c) in less time than the formation time of wave (c).
Scenario 1: Gold is forming a diametric bow tie pattern and we are currently in wave (e) of this pattern. The diametric pattern can end at $2200 and then we expect the price to rise above $2400.
In this 3-hour Gold Spot (XAU/USD) chart, the price action is contained within a descending channel. Notably, there have been several instances where the price has touched and reacted to the upper and lower boundaries of the channel, as shown by the shaded ellipses. The price is currently experiencing a rebound off the lower trendline, suggesting a potential...
This 15-minute chart depicts the Dow Jones Industrial Average index with Elliott Wave annotations indicating a potential correction in the form of a zigzag pattern (labeled as (a), (b), and (c)). The dotted blue lines project possible future price movements based on this analysis. The pattern suggests that the market has completed a corrective wave (a), and it's...