Hey traders! Here’s my current analysis on GBP/CHF, highlighting a bullish outlook based on Elliott Wave theory. We’ve observed a clear impulse formation up to point (3), followed by a corrective phase that appears to have ended at point (4). Looking at the potential upcoming movement, I’m targeting the following Fibonacci extension levels for taking profits: -...
Greetings traders! Today, I'm analyzing the gold market, looking at a potential short opportunity based on Elliott Wave theory. We’ve observed the completion of an apparent five-wave impulse pattern, which now leads us into a corrective phase. Based on my analysis, here are the Fibonacci retracement levels where we might consider entering short positions: - A...
Hello TradingView community, We are examining the CHFJPY pair on the 4-hour chart, where Elliott Wave theory presents a promising long opportunity. After a significant upward movement marked by an impulse wave sequence, the price has retraced in what appears to be a corrective wave. Currently, the pair seems to have completed wave (a) of this correction and is...
Analyzing the AUDCHF pair on the 3-hour chart through Elliott Wave theory, we see a compelling opportunity for a short position. The price action has completed what appears to be an impulse sequence up to wave (5), followed by the start of a corrective ABC pattern. Currently, the price is consolidating around a significant resistance level marked by the peak of...
Our current analysis of USDCHF on the 2-hour chart presents a compelling case for a long position using Elliott Wave theory. We've observed a clear impulse pattern followed by a corrective phase, which appears to be nearing completion. Currently, the price action in USDCHF suggests that wave (4) is concluding around key Fibonacci retracement levels—specifically,...
In our latest review of the GBPJPY on the 3-hour chart, we've identified a compelling setup for a potential long position based on Elliott Wave theory. The chart displays a sequence that suggests we are nearing the end of wave (4), and are about to embark on wave (5), which is expected to be an impulse wave leading to new highs. After a significant pullback in...
The USDJPY pair on the 2-hour chart shows a significant setup for a potential long position according to Elliott Wave theory. The currency has completed a steep decline that we interpret as wave (4), following a robust impulse wave that peaked in wave (3). Currently, we see that wave (4) might have found its low at 151.859, identified by the 0.839 Fibonacci...
In the latest developments on the EURUSD 15-minute chart, we observe an interesting setup for a short position using Elliott Wave analysis. The currency pair has completed an impulsive structure up to wave (3) and is currently forming wave (4), which seems to be a retracement phase. We can see wave (4) potentially stabilizing around key Fibonacci levels before...
In the current BTCUSD 15-minute chart, we see a fascinating Elliott Wave setup that indicates a potential decline is on the horizon. The price action has unfolded in a clear impulse pattern up to wave (3), followed by a corrective wave (4). We're now potentially in the early stages of wave (5), which seems poised to make a downward move. Wave (5) is expected to...
Hello TradingView community, Today, we're analyzing the NASDAQ 100 (US100) on the 15-minute chart, where Elliott Wave theory indicates a high potential for an upcoming decline. Observing the recent price movements, the index has completed an impulse pattern up to wave (3) and is currently in the midst of wave (4), which is forming as a corrective phase. The...
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, The XAUUSD pair on the 30-minute chart is presenting a compelling scenario for a potential short position according to Elliott Wave theory. Observing the recent price movements, it seems we have completed an impulse wave up to point (3) followed by what appears to be the start of a corrective phase. Currently, we are in wave (4),...
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, In the AUDUSD pair, we have observed a fascinating development on the 15-minute chart using Elliott Wave analysis. The price action completed an impulse pattern through waves 1 to 5, followed by a corrective move that appears to be shaping up as an ABC correction. We're currently witnessing wave 'b' nearing its end at a Fibonacci...
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 fellow traders, Today, I’m presenting a short trading opportunity for GBPUSD, analyzed through Elliott Wave theory on the 30-minute chart. The price action recently completed a five-wave impulse structure, followed by a clear corrective pattern, indicating potential further declines. We can observe that after the fifth wave peak, GBPUSD entered 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...