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...
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 fellow traders, Looking at the S&P 500 on the 30-minute timeframe, I've identified an intriguing Elliott Wave pattern suggesting a potential decline. The recent price action has completed a full impulse cycle (waves 1 through 5), followed by a corrective wave (a) and a smaller rally for wave (b). Currently, we seem to be at the beginning of wave (c), which...
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 TradingView community, Today, I'm looking at a compelling opportunity in the XAUUSD market, presented through the lens of Elliott Wave analysis. As observed on the 1-hour chart, the Gold price has recently completed what appears to be the fourth wave of a standard five-wave impulse pattern. From the low formed on April 22, we can see that the price has...
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...
Looking at the NASDAQ 100 (US100) chart on the 1-hour time frame, I see a bullish trend encapsulated within a rising channel. We're currently observing what appears to be a slight pullback from the upper trendline of the channel, which is a common occurrence after testing resistance areas, indicated by the shaded circles. The dotted blue lines suggest the trader...