Traders, taking a close look at the Gold market, it appears we’re seeing some classic Elliott Wave patterns unfold on the XAUUSD 45-minute chart. The completion of what looks like a corrective wave (4) could be setting the stage for the next bullish wave. With the price action breaking the descending trendline that connected the highs of the previous waves, we've...
Market Watchers, let's analyze the DJIA (US30) on the 15-minute chart. It looks like we're observing the Elliott Wave pattern playing out with an impulse sequence that might have recently finished with wave (5). This suggests that we could be entering into a corrective phase. The chart shows that we may be in the beginning stages of an ABC correction pattern...
I'm keeping a close eye on the S&P 500, and my Elliott Wave analysis suggests that the index could be gearing up for a significant move upwards. After completing a corrective pattern, which I've identified as Wave (4) on my chart, it looks like the stage is set for Wave (5) to unfold. This next wave is anticipated to carry the index higher, potentially targeting...
In the forex realm, the EURJPY pair on the 45-minute chart is offering an interesting narrative through Elliott Wave analysis. It seems we've seen an impulsive wave culminating with wave (5), followed by what could be the initial stages of a corrective phase. After a significant rally, the current pullback is likely the start of a corrective wave (4). The...
Forex traders, let’s turn our attention to the EURUSD pair, as observed on the 30-minute chart. It appears we've witnessed a complete impulsive wave sequence with the end of wave (5). Following this, there's been a sharp move downwards that suggests the beginning of a corrective phase. Given the nature of Elliott Wave Theory, we're now anticipating the corrective...
Forex enthusiasts, the GBPUSD pair is showing an interesting setup on the 15-minute chart. After completing an impulsive wave with wave (5), we're seeing the beginnings of a classic Elliott Wave correction. The initial decline in wave (a) is evident, and the price has since retraced upwards, which we can identify as wave (b). We're now anticipating the start of...
Crypto traders, here’s the latest on Ethereum (ETHUSD) from an Elliott Wave perspective on the 45-minute chart. We’ve observed a complete impulse sequence through wave (5), and it looks like the market has transitioned into a corrective phase. Wave (a) made a significant move down, and after a brief retracement in wave (b), we’re potentially in the midst of wave...
Traders, zooming into the NASDAQ (US100) on the 45-minute chart, we're seeing a classic Elliott Wave structure. Following the completion of what appears to be wave (5) of an impulse move, we've entered a corrective phase, highlighted by a clear ABC pattern. Currently, wave (a) seems to have completed, and the market has bounced back up in a wave (b). We're now...
Traders, let's dive into the DJIA (US30) on the 4-hour chart where we're seeing a fascinating Elliott Wave scenario unfold. After the peak of wave (5), the index has entered a corrective phase, which appears to be forming an ABC pattern. Wave (a) made a sharp decline, and wave (b) has retraced back up, potentially completing its course. We're now anticipating the...
Traders, casting our eyes over to the Gold market, the XAUUSD chart on the 45-minute timeframe is showing us an interesting narrative. We've seen a break in the descending trendline, which previously connected the highs, suggesting that the correction phase of wave (4) could be complete. The price action has stabilized, hinting at accumulation before the next leg...
Traders, let's take a look at EURJPY on the 30-minute timeframe from an Elliott Wave perspective. We've observed a noteworthy impulse pattern and it looks like we've completed wave (3). Now, it appears we are in a corrective phase for wave (4), which could be an opportunity to prepare for the next potential move. The chart indicates that wave (4) is retracing...
Taking a look at the AUD/USD on the 15-minute chart, my Elliott Wave analysis tells an interesting story. We've seen a completion of what appears to be an intricate corrective structure with Wave (4), and the currency pair now seems poised for an impulsive Wave (5). Based on this pattern, I'm expecting a push towards the 1.618 Fibonacci extension at 0.64765,...
Turning our attention to the USD/CAD pair, the Elliott Wave Principle is hinting at a promising opportunity for a bullish trend. According to my analysis, we've just witnessed the completion of Wave (4), and the setup looks ripe for Wave (5) to take the lead. This final wave could surge towards the 1.618 Fibonacci extension level at 1.39893, a compelling target...
Bitcoin's 15-minute chart showcases a potential end to an Elliott Wave impulse sequence, hinting at a bearish retracement. With wave (5) seemingly at its peak, attention now turns to the expected corrective waves. For traders utilizing Elliott Wave theory, this chart offers a prospect for a SHORT position. The anticipated corrective phase is typically composed of...
Traders, let's take a moment to review the EURCHF on the 3-hour chart through an Elliott Wave framework. It seems we've just witnessed the end of a corrective phase with the completion of wave (4), and we might be on the cusp of a new impulse wave, potentially wave (5). The ascent from wave (4) looks promising as it suggests the start of a bullish impulse. I'm...
Hello traders! Analyzing the EURUSD chart with Elliott Wave theory, we've possibly completed the impulse sequence with the peak of wave (3) and have embarked on a corrective wave (4). The retracement is taking form, and I’m monitoring the key Fibonacci levels of 0.382 at 1.06882, 0.5 at 1.06815, and 0.618 at 1.06748 as potential turning points. The current...
Traders, it's time to dissect the GBPUSD chart with our Elliott Wave glasses on. On the 30-minute time frame, it looks like we've just witnessed the completion of an impulsive wave with the high of wave (3). As we navigate through the waves, we've potentially identified the start of wave (4), which traditionally is a corrective wave. The market seems to be...
Traders, today we're dissecting the USDJPY pair with an Elliott Wave perspective. On the 30-minute chart, it appears we've reached the crest of wave (5), indicating the completion of an impulse wave sequence. As the waves unfold, I'm spotting the initial stages of a corrective pattern. The chart suggests the start of a corrective (a) wave that could potentially...