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Elliottwavepatterns

Silver Correction Ending: Major Drop AheadSilver (XAG/USD) has completed a 5-wave decline, marking the end of Wave (A)/(1) near the 45.53 level. Since then, price has been retracing upward in a complex W–X–Y corrective structure, which appears to be forming the final leg of Wave (B)/(2). The rise is losing strength near the upper channel, hinting that bulls may soon exhaust. Once Wave (B)/(2) finishes, the next big move is expected to be a strong bearish Wave (C)/(3) decline targeting lower zones near or below 45. In simple terms: last leg of correction nearly done → next big drop ahead. Stay tuned! @Money_Dictators Thank you :)
CAPITALCOM:SILVER
by Money_Dictators
1
CRVUSDT Potential for a Bullish Revers? ( EW Analysis )CRVUSDT, a popular cryptocurrency trading pair, is showing potential signs of a bullish reversal based on Elliott Wave Theory. This analysis aims to break down the current wave structure and outline possible future price movements. Wave Structure Overview The chart follows a complex corrective wave pattern, which consists of WXYXZ labeling. This pattern indicates an extended correction phase that may be coming to an end. Below is a breakdown of the observed waves: 1. Wave (iii): This wave marked a strong uptrend, indicating significant bullish momentum in the past. 2. Wave WXYXZ Correction: The corrective structure suggests a prolonged retracement, leading to potential price exhaustion at the recent low near $0.40. 3. Wave (iv) and Completion of Wave Z: The labeling shows that wave (iv) is completing, forming a potential higher low on the support trendline. 4. Formation of ABCDE Structure: A possible contracting triangle (ABCDE) is forming within the final leg of wave Z, signaling an imminent breakout. Key Support and Resistance Levels - Support: The ascending trendline near $0.44 - $0.48 serves as a critical level for price stabilization. - Resistance: The downward trendline resistance around $0.55 - $0.60 is the first hurdle for bullish continuation. - Target Zone: If wave (v) initiates, potential targets lie between $1.20 - $1.50, aligning with the upper channel. Bullish Outlook and Confirmation To confirm the bullish scenario, CRVUSDT must break above the $0.55 resistance with strong volume. A successful breakout would validate the start of an impulsive wave (v), pushing prices higher. Risk Factors - A breakdown below the $0.40 invalidation level would negate this bullish outlook and extend the correction. - Market sentiment and external factors such as Bitcoin’s price action and macroeconomic conditions may impact the projected wave structure. Conclusion CRVUSDT appears to be at a pivotal moment, with Elliott Wave analysis suggesting a potential bullish reversal. Traders should monitor key levels and look for breakout confirmations before making any trading decisions. If the projected wave (v) unfolds, we could see a significant rally in the upcoming sessions. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.
Long
by zubairmalik
2
EUR/USD – Smart Money Move Incoming!Here’s a **simple and professional TradingView description** for your post: --- 📢 **EUR/USD Wave Analysis – Key Levels to Watch!** 🔥 🚀 **Market Overview:** EUR/USD is following a **five-wave Elliott structure** with a potential **Wave 4 retracement** before further downside. The key zones to watch: 🔹 **Support Zone:** 1.02052 - 1.00923 (Possible Wave 5 target) 🔹 **Resistance Zone:** 1.06664 (Potential Wave 4 completion) 🔹 **Key Level:** 1.02923 (Crucial reaction point) 💡 **Trading Insight:** We may see a short-term pullback towards **1.06664** before the final drop to **1.00923**. Watch for **price reaction at resistance** before entering a trade. 📊 **Patience is key. Follow the structure, manage risk, and stay ahead of the trend!** 🚀 #GreenFireForex #EURUSD #SmartMoneyConcepts #ForexAnalysis #ElliottWave #PriceAction
by Greenfireforex
🎲 Elliott Wave Pattern: Combination 🌊●● Combination ( CMB ): "Double Three" ❗❗ Rules: ● A “double three” combination comprise two corrective patterns separated by one corrective patternin the opposite direction, labeled Ⓧ . The first corrective pattern is labeled Ⓦ , the second Ⓨ . ● A "double three" combination comprises (in order) a single zigzag and a flat, a flat and a single zigzag , a flat and a flat, a single zigzag and a triangle or a flat and a triangle . ● Wave Ⓧ appears as a zigzag or flat. (TWEWA) ● Wave Ⓧ always retraces at least 90 percent of wave Ⓦ . ● Combinations have a sideways look. With respect to waves Ⓦ and Ⓨ in a double three, only one of those waves in each type of combination appears as a single zigzag . ● Combinations can occur in the same wave positions as flats and triangles (except for the triangle subwave) but cannot occur in waves Ⓦ and Ⓨ . ❗ Guidelines: ● Wave Ⓧ is often 123.6-138.2% the Ⓦ wavelength, less often wave Ⓧ retraces 161.8% or more. Don't expect wave Ⓧ to be more than 261.8% of wave Ⓦ . (TWEWA) ● Wave Ⓧ is usually a single or multiple zigzag. ● When a zigzag or flat appears too small to be the entire wave with respect to the preceding wave (or, if it is to be wave ④ , the preceding wave ② ), a combination is likely. ☝ Notes: ● An expanding triangle has yet to be observed as a component of a combination. __________________________ 🔗References: Elliott Wave Principal 2005 Trade Waves / Elliott Waves Analysis (TWEWA) 📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️
BITSTAMP:BTCUSDEducation
by TradeWaves-EWA
NASDAQ100 Confirms Bearish Reversal, But Pullback Can Be NearHello traders and investors! Stock market is closed today due to Easter holidays, but we want to share an interesting development on technology sector NASDAQ100. NASDAQ is turning back down in current risk-off sentiment, which may last for some time, as we see a new intraday five-wave bearish reversal from the previous highs. In Elliott wave theory, every five-wave reversal suggests a change in the trend, at least for short period of time. After every five waves we can expect a three-wave corrective pullback before a trend continuation. Well, as you can see, NASDAQ100 clearly shows a five-wave drop from the highs that can be slowly coming to an end, as we see it trading in wave (v). So, ideally we will see some support formation in the projected area early next week that can be followed by a three-wave (a)-(b)-(c) corrective rally back to 14300-14700 resistance zone before we will see a bearish continuation. Be humble and trade smart! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
CME_MINI:NQ1!
by ew-forecast
1
GBPJPY Trade Idea - Elliott WaveLet’s discuss the price chart of the GBPJPY currency pair based on the 240 minute timeframe. From the Elliott Wave perspective, the price action appears to have completed Wave B of the corrective sequence just beyond the 78.6% Fibonacci retracement level. GBPJPY is currently progressing in Wave C down. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, topped on April 6 (red vertical line), and is projected to form a bottom on June 13. Based on this, we can expect prices to push lower from here. The confirmation will come upon a breakout below the lower channel line and is likely to find support when it reaches a 100% Fib extension of Wave A. If you find this analysis useful, make sure to press the “Like” button and Follow us.
Short
by ForexTrainingGroup
4
LONG LUNAUSDT | Elliott Wave Impulsive Wave 5 Reminder Like announced in the precedent analysis of LUNAUSDT, the Elliott Wave 4 is confirmed, thus validated the short position. Technical Analysis We now enter in the 5th wave, the last Wave of the Impulsive Pattern. It offers us a long position . Even if the price rebounded at the Fibonacci 0.786, I place the target profit at 1.618 to higher probability to make profit. Entry Price: 84.09$ Target Profit: 123.30$ Stop Loss: 78.15$ Ratio Risk / Reward: 6.6 Potential Profit: 46.63% Fundamental Analysis Terra Luna ecosystem has seen a huge increase in term of new investors recently. Furthermore, the teams behind is currently working a lot to develop new DeFi apps that seem promising. Indeed, the power of the project is that they have their own algorithmic stablecoin (UST). The more people will buy UST the higher the price of LUNA will be. Even if this seems wonderful, they are drawbacks like any project. So, I invite you to discover more about Terra Luna ecosystem to make your own opinion. Market Capitalization LUNA: 9th UST: 21st I am also curious to earing your opinion too. Should you feel that this analysis helps you, feel free to leave a like, and I wish you a good day!
Long
by chuplein
1
We are probably at the beginning of the initial phase of wave 3Tomorrow (10/09/2021) we could experience the confirmation of the initial phase of wave 3, since today the price could not penetrate the zone of the lows that RHE left on September 7. This is a possible signal to enter in the purchase of the fractal major: it began with the low of August 17, in September 31 completed its first wave. The key is that in the morning session and next sessions comfirm the floor that was created in the last Tuesday, September 7, is not broken. Its greater if the confirmation of the movement are quickly to upwards. This idea may take until Friday, September 24 to be completed
RLong
by soygeo