Get started

Elliottwaveanalyis

XAGUSD Silver Outlook (Count 2)Here is my primary view on FX_IDC:XAGUSD . This is an updated view taking in to account the monthly time frame chart which i have recently shared, i may work on publishing the monthly idea soon. In this outlook silver is currently close to working through a series of wave 4's and 5's. As I mention on the chart if the projected levels change but the sequence is accurate then I’ll be happy with that. I have added some more comments in the chart regarding the Elliott wave guideline of alternation, which we should consider when forecasting future price action. In line with the monthly chart, this outlook now shows the $87 target, and the analysis behind it. I have changed the wave degrees to reflect this current impulsive rally being in the cyan primary degree sitting under the purple cycle degree wave III. More comments on the chart.
FX_IDC:XAGUSDLong
by TheWaveCave
Uranium Energy Corp Weekly Outlook (Count 1)Here is my weekly outlook on AMEX:UEC . UEC is one of my bigger holdings, I've added at various times as shown on the chart (see green dashed lines). In this outlook i am viewing the price action from the lows in Mar 2020 to the end point of wave (1) as a leading diagonal pattern. After that we have seen wave (2) and another wave 1 and 2 in the red degree (red wave 2 may not be complete yet). Are we next going to see a breakout in red wave 3? the case for this will be helped if the COMEX:UX2! Uranium Futures chart plays out as predicted along with LSE:YCA & TSX:U.UN ...see my linked charts More comments on the chart! Note: My analysis is more focused on price levels as opposed to wave duration, so bear that in mind if you see a particular price level at a certain date in the future and think i'm rigid on both price and time.
AMEX:UECLong
by TheWaveCave
DXY (Dollar Index) Daily Outlook (Count 3)This is a daily timeframe outlook of the TVC:DXY . This is in alignment with my previously posted weekly outlook and is a slight alteration of the last posted Daily outlook, both shown in the related publications area. In this update I am looking for the DXY to continue lower potentially in an ending diagonal pattern towards the red and yellow target zones at around 93.8. As mentioned on the chart, if we see price decline in a traditional impulse with no overlap between wave 4 and 1 then the measured move target will be surpassed. I have a short trade shown on the DXY chart but this is only indicative of the move I expect, I am instead long FX:EURUSD which moves inversely to the DXY. More comments on the chart.
TVC:DXYShort
by TheWaveCave
US Dollar Weakness Likely After Final Push UpDXY has completed a complex corrective W–X–Y pattern, with the final leg (Y) recently topping near the 100.50 zone. Price has failed to break above the invalidation level, suggesting the uptrend is losing strength. This signals that the dollar may have finished its corrective phase and could now start a fresh bearish wave targeting lower zones near 97–98. The overall structure indicates that momentum is shifting from bullish to bearish. In simple terms: rally is likely over → downside move toward new lows expected next. Stay tuned! @Money_Dictators Thank you :)
TVC:DXYShort
by Money_Dictators
CHF/JPY Builds Momentum for Next Wave HigherThe CHF/JPY 1-hour chart shows a completed wave (1) near the 191.17 level, confirming a strong bullish impulse after a previous decline. The pair is now entering a wave (2) corrective phase, which is likely to retrace toward the 188.7–189.0 support zone before resuming the next upward move. This pullback appears to be a healthy correction within the broader uptrend. Once the correction is complete, wave (3) is expected to begin, targeting levels above 193.0 . The overall market structure remains bullish, suggesting that any short-term dips could offer potential buying opportunities for traders waiting for the next impulsive rally Stay tuned @Money_Dictators Thank you.
Long
by Money_Dictators
NAS100 Forecast: A Fresh Bullish Impulse Toward New HighsThe NAS100 index is currently moving within a classic Elliott Wave structure. After completing wave (3), the market entered a correction phase that formed wave (4). This correction appears to have ended in the highlighted support zone, where buyers stepped in strongly. The five-wave pattern before wave (4) confirms a solid bullish trend. Now, the index seems to be preparing for the final upward move wave (5). This wave often represents the last push of a rally before a larger correction starts. As long as the price stays above the recent support near 24,400 , the next targets could be seen around 25,200–25,600 . In simple terms, the market is expected to continue its uptrend after a short pullback, following the typical Elliott Wave sequence of five upward waves and three corrective ones.
THINKMARKETS:NAS100
by Money_Dictators
DXY Weekly Outlook (Count 3)This is a weekly timeframe outlook of the TVC:DXY . This is in alignment with my previously posted outlook which so far is playing out close to how I expected. This shows the wider view of what I think could be playing out. Still targeting the same yellow zone for a potential termination of the yellow (C) wave, after which we could see a counter trend consolidation. Current price action on the lower timeframe looks like it is forming a bearish flat correction which could be wave 2 in red. I'll look get a lower time frame update together, when time allows. More comments on the chart.
TVC:DXYShort
by TheWaveCave
Bitcoin (BTC/USDT) Technical Analysis – 3H ChartWave Structure Outlook Bitcoin is currently trading near $119,300, where the wave structure suggests a possible Ending Diagonal formation. This leaves us with two bearish scenarios to monitor: Scenario 1 – Immediate Downside After 1–5 Completion The 1–5 wave sequence may already be completed. If so, the market could trigger an immediate downside move, breaking wedge support. First critical level is $117,600. A clean break below this level would confirm the start of a deeper correction, opening the way toward $115,000 – $113,000. Scenario 2 – Choppy Ending Diagonal (Light Red Arrows) Alternatively, BTC may still extend within an Ending Diagonal. This would mean choppy, back-and-forth price action (small up-and-down moves) before the final breakdown. In this case, price may retest the $119,800 – $120,000 zone, but the structure remains corrective, and the eventual expectation is still bearish reversal. Key Levels to Watch Resistance: $119,800 – $120,000 (upper wedge boundary) Support: $117,600 (first breakdown level) Bearish Targets: $115,000 → $113,000 Conclusion BTC is losing momentum at the end of a 5-wave structure. Whether the market follows Scenario 1 (immediate breakdown) or Scenario 2 (choppy diagonal ending before reversal), the overall outlook is bearish in the short term.
Short
by CakirInsights
1
Nifty 50: Genuine Rally or Selloff Setup?The Nifty 50 Index went up, but this upward move was likely just a temporary correction, not the start of a new, long-term rise. Bottom (Wave W): The index first hit a low around 24,377 Bounce (Wave X): It then went up to a high near 25,448. This rise was a clear, three-part corrective move (like an ABC pattern) that stayed inside a rising channel . Clue: Because the move from the bottom (W) to the peak (X) was corrective, it suggests the overall trend is still bearish (downward). Points to look at: 1. Reversal: The index is currently around 24,836 and is starting to turn down from the top of that rising channel. This suggests the temporary rise is over. 2. Projected Drop (Wave Y): The main prediction is a significant drop (Wave Y) that will likely break the previous low of 24,377 . 3. Target: This decline is expected to head toward the lower blue trendline on the chart, completing a larger WXY corrective pattern. 4. Projection: Ending point of wave (Y) can act as the ride for the new impulse cycle. 5. Bearish Stance: Traders should be cautiously bearish (expecting the price to fall). 6. Price action perspective: Previous swing is bearish, better to look at short positions for safe entry. 7. Selling Opportunities: Any small upward movements (retracements) are seen as good selling opportunities (betting on the price going down), as long as the price doesn't break above the recent highs or the channel ceiling.24,300 is indeed a strong demand zone. Stay tuned! Money Dictators :)
NSE:NIFTY
by Money_Dictators
BTC has started going down the slope..I can easy count 5 green intermediate waves up. Last top was just above the 161,8% fib level of primary white ((1)). It's outside of the pitchfork, it's outside of the white base channel indicating the primary white 3 was underway. By having a good 5 wave structure in the last wave up, I believe this is the intermediate green 5 wave done, and hereby primary white 4 has started. How low can it go? By a rule from Elliott, wave 4 cannot enter the territory of wave 1, so this would mean the absolut low of wave 4 would be at the 64,760 level. After we had, what I counted as a primary white wave 2 formed as a flat, it will be fair to presume we will have a relative quick primary white wave 4, because of the guideline of alternation. Also as a guideline we can lean to a Kennedy Channeling Technique, which states that wave 4 is usually not done before touching the bottom of the acceleration channel, which I have colored in blue. The simplest path of wave 4 would be a zig-zag, which I have drawn in yellow. And I anticipate the first wave down, intermediate green A, not to end before around $90.000, then we will have a intermediate green B, then intermediate green C. A choice could very well be that it will form as a triangle, because so many still believe the surge of BTC never stops. But still my anticipation of intermediate green wave A will be around the $90.000 level. This is the most optimistic count I feel I could do on BTC. Another, but not as likely, count could be that we already have seen the wave 5, and then there is no absolute bottom other than 0. Because this would mean we have seen the top of wave 1 of a higher degree, and wave 2 can retrace all the way back to the start of wave 1 without invalidating anything. But this pessimistic count is not my preferred count at the moment.
by TheDane
Anticipation of GC / Gold over the next couple of weeks.For those who might have interest in a Elliott reading on gold: In this post, everytime I write gold, I mean GC. This is just for info, since GC and gold doesn't have same prices, but the movement is very much the same. If you follow along on a gold spot or similar, just translate the levels to there. The picture is very messy for those who doesn't know what the lines and numbers are for, but please follow along. I have a strong believe that with current PA the 3rd (white iii) wave is over, and now we will look for price to search for the bottom of the blue channel. The blue channel is an acceleration channel, which is used to see if 4th (white iv) wave is under way. When the 4th (white iv) has developed some more, we are able to put another channel on, called the deceleration channel. This we will use to spot the end of the 4th (white iv). Until now, it seems gold is respect the white 161 fib level, which is a very typical 3rd wave level to end. The reason I started this post, was to tell you about my thoughts on when the 4th (white iv) is going to end, or at least how long it's going to be. A typical scenario is that wave 4 is longer in duration than wave 2. For ease of spotting, I have put up these purple boxes, so now we do not anticipate gold to end the correction, before it has exited the purple box to the right. The depth of wave 4 (white iv): I believe we are going to see prices in the level between 3600 and 3550 (the green box). Reasons for the levels of the green box: when prices wave 2 (white ii) goes beyound the 61.8 fib level (in this case below), we tend to see a retracement between 38% and 50% in the 4th (white iv). And this is the area the green box indicates. Timewise it is places outside of the previously mentioned purple box. 4th wave also tends to respect the base channel . Either the upper line or the middle line. The lower line of the blue channel and the middle of the grey channel ( base channel ), the green box, outside of the purple box is all seeming to fall in the same place. So I like all the confluences falling together here, so that's why I feel pretty certain that, that is where the white iv wave is likely to end. Timewise it'll be about 1st of october. The white v wave i have also done a forecast on that fits if wave white iv retrace to the green box. Normally the 5th wave is going to end in the area between 38% and 61% of the wave 1 and 3. This level is indicated with the blue fib. Usually wave 5 is equal to wave 3. But can be extended if wave three isn't. Have indicated the 100% fib of white i wave with the cyan fib. This 100% level falls between the blue fib, right around the yellow line I have talked a lot about before in previous post. So I also have a lot of confluences for price to go here in the white v wave. If the white v is extended it could go to the blue 100% level, which also is confluenced with that cyan upgoing line. This is a pitchfork drawn from previous waves. let's see where gold will take us.
COMEX:GC1!
by TheDane
Using simple volume for added confluence in Elliott Wave Theory!Shown on the chart is 2 of the ways you can use the highest volume spikes on the chart to find out where you are in the wave count. Easiest way is to find the highest volume with the steepest slope of trend to label as your third wave. Same concept whether its bearish bars printing or bullish bars. The highest volume shown is actually part of the retracement, albeit in one of the actionary waves (moving with trend), alot of buying happened at the termination of the wave C of the zig zag shown in green. Perfect scenario to rake in buy orders from retail then dump on them to finish out the WXY pattern. This is just 2 of the many scenarios in which you can find help from the volume oscillator to give you a directional bias in Elliott Waves. Happy Trading
Education
by Fractical
1