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Elliott Wave

GOLD → From consolidation to distribution. Target 3400FX:XAUUSD is entering a distribution phase after the end of consolidation. The market is strong, bulls managed to keep prices from falling and formed an intermediate bottom in the 3340 zone. The price increase was supported by expectations of a soft Fed policy after moderate July CPI data (2.7% y/y, 0.2% m/m, core 0.3%), which led to a decline in bond yields and a weakening of the dollar. However, demand for safe assets is declining amid optimism in global markets, fueled by the US-China trade truce, a possible meeting between Trump and Putin, and bets on a Fed rate cut in September. In the long term, gold could be supported by purchases by the Chinese central bank and a recovery in jewelry demand in India. Technically, the focus is on the zone of interest ahead at 3370-3373, with a possible rebound before growth, as well as on the support zone at 3359. I do not rule out that the market may test the liquidity zone... Resistance levels: 3370, 3380, 3400 Support levels: 3358, 3341, 3334 There is considerable potential within the consolidation, and the rally may be directed towards the resistance range of 3400. However, pullbacks are possible before growth, which could give us a good entry point. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
12
BITCOIN (BTCUSDT): 13 AUG, 2025 - ELLIOTT WAVE ANALYSISConclusion: Wave iii))-green is continuing to move higher. Key Points: Wave iii))-green is extending, and subdividing into wave i)-purple to wave iv)-purple. I am not sure if wave iv)-purple is finished, but it should not move lower than 115,720 (Invalidation Point: Wave 4 should not overlap wave 1). On the other hand, 118,050.11 acts as a key level that price needs to hold higher, to gain confidence, weight for this view. ©By Hua Chi Cuong (Shane), CEWA-M | Certified Elliott Wave Analyst - Master Level
Long
by ShaneHua
ASX:QBE - 13 AUG, 2025 - ELLIOTT WAVE ANALYSISConclusion: Wave 2))-purple is moving lower. Key Points: Wave 1))-purple ended at the high of 24.20, wave 2))-purple is unfolding towards 17.38 - 17.50. So there is no convincing evidence of a developing Bullish trend, instead it shows a downward move of the market. On the other hand, I would only reconsider the bullish market view if the market moves above 24.20 quickly enough, strongly enough. ©By Hua Chi Cuong (Shane), CEWA-M | Certififed Elliott Wave Analyst - Master Level
ASX:QBEShort
by ShaneHua
ASX:REA - 13 AUG, 2025 - ELLIOTT WAVE ANALYSISConclusion: Wave 4)-blue needs more time to complete, then wave 5)-blue can move higher. Key points: Wave 4))-purple has finished at 62.05 and wave 5))-purple is moving higher. It is subdividing into wave 1)blue to wave 4)blue. Basically wave 4)blue is not completed, because there is not enough convincing evidence, it will probably last longer and develop as a Triangle. After we have more price action, we will know what it is trying to say, for now just wait. Invalidation point: 180.67 (Wave 4 does not overlap wave 1). ©By Hua Chi Cuong (Shane), CEWA-M | Certififed Elliott Wave Analyst - Master Level
ASX:REA
by ShaneHua
ASX:PLS - 13 AUG, 2025 - ELLIOTT WAVE ANALYSISConclusion: Short-term, wave 2-red is moving lower. Key points: Wave 2)-blue has ended at 1.070 and wave 3)-blue is moving much higher. It is subdividing into wave 1-red, which has just completed. Wave 2-red is now probably unfolding to push lower, targeting a low around 1.710. So short-term, this stock is moving lower. Medium-term, it has a lot more to go. ©By Hua Chi Cuong (Shane), CEWA-M | Certififed Elliott Wave Analyst - Master Level
ASX:PLSShort
by ShaneHua
Nasdaq Short Again (nth time): Fibo Extension Level and 5-wavesOver here, I attempt to short Nasdaq again after another failure yesterday. This time, the 5-waves structure is supported by Fibonacci Extension level at 2.618x sub-wave 1 against entire wave 5 structure. However, take note the circled area where I pointed out 2 imperfections in the wave structure: 1. Wave 4 overlaps Wave 1 2. Sub-wave 4 overlaps Sub-wave 1 (a comparison with S&P500 increases the odds that it may still be a valid count) Given the imperfections of the wave counts, we still need to set our stop above the all-time-high to protect ourselves. Good luck!
OANDA:NAS100USDShort
by yuchaosng
3
Wave 5 to the upside on Arbitrum!Wave 4 completed with double confluence using Jeff Kennedy's Channeling Technique. As shown on the chart wave 3 peaks after an extended 5th wave to finish wave 3. Wave 4 retracement lasted 2 days, finishing after the 1 Fib Time, it retraced at least 38.2% of wave 3 in a WXY Complex Correction falling below the bottom of the Acceleration Channel, confirmation we are in a wave 4. Wave 4 fell a bit below the top of the base channel, often if the top line fails, and the correction extends, I may look for a center line reversal inside the Base Channel. So, for these reasons I am looking up for wave 5 and calling wave 4 done. I may update with the wave 5 Termination Channel as it would have been to cluttered displaying 3 channels. Using these channels it is possible to be profitable trading Elliott Waves without knowing everything about the wave principle.
Long
by Fractical
2
ETH - 1H Elliott Wave Analysis - 11.08.25Welcome to our updated Elliott Wave Analysis for Ethereum which has been showing a lot of strength and bullish momentum recently. We're assuming that we finished the white Wave 3 and probably even the white Wave 4 in the red ABC which would mean that we possibly started the white Wave 5 already. We want to communicate the white Wave 4 support area in case we get an extended correction. The white Wave 4 support area lies between the 0.236 FIB at 4145 USD and the 0.5 FIB at 3937 USD. We also have a lot of potential support at around 4000-4100 USD which is a psychological level as well as recent highs that we have broken which can spark buying interest around that zone. The first targets for the white Wave 5 would be the 1 to 1 FIB at 4545 USD, the 1.236 FIB at 4635 USD, the 1.382 FIB at 4691 USD and if we get an extended 5th Wave the 1.618 FIB at 4'781 USD. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
2
BTC - 1H Elliott Wave Analysis - 12.08.25Greetings! Another update for you lovely traders :) Not trying to be confusing, yesterday we looked at the multiple 1-2's set up case, so if you're interested in that count too we recommend you to check out our last analysis which will be linked in the noted down below. Today we will look at the diagonal scenario which we briefly mentioned yesterday! We assume that the recent move up was a diagonal displayed in green as a five wave move up which ended on the green Wave 5 being a throw over, meaning it pushed over the trendline with high volume and it did enter the wedge later on again. This leading diagonal finished the blue Wave 1 and we are looking for blue Wave 2 now which we would like to get after a pullback as red ABC. The blue Wave 2 support area lies between the 0.5 FIB at 117150 USD and the 0.786 FIB at 114118 USD. We can not calculate targets for the red Wave C yet. The red Wave A seems to have bottomed. In today's bounce we see that we have a 0.886 FIB touch after the red Wave A low which indicates that the next move up is corrective and not impulsive and that the red Wave A low has a higher probability to be taken again. The red Wave B target area is between the 0.382 FIB at 119730 USD and the 0.886 FIB at 121948 USD. Keep in mind B waves do not have to strictly respect the target area. We could very well get an overshooting B wave that maybe even takes out the ATH, this would be a bullish sign. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
SOL - 1H Elliott Wave Analysis - 11.08.25Welcome to our updated Elliott Wave Count for Solana. We hit the in our last analysis projected target for the white Wave 3 and it seems that we started the white Wave 4 correction in the red ABC. It seems that we are still in the red Wave C but we're looking for it to finish soon. The white Wave 4 support area which we already entered lies between the 0.236 FIB at 180.27 USD and the 0.5 FIB at 173.66 USD. We have just tested the 0.382 FIB at 176.61 USD which is the most common target for a 4th wave. The next downside targets for the red Wave C would be the 1.382 FIB at 175.03 USD and the 1.618 FIB at 173.01 USD which is in confluence with the 0.5 FIB of the white Wave 4 support area. In this impulse count we do not want to break below the 0.618 FIB at 170'70 USD. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
2
GOLD → Consolidation ahead of CPI data...FX:XAUUSD is consolidating ahead of news. Inflation is on the horizon, and further developments for the dollar and gold will depend on the data. Globally, gold is in a bullish trend, but locally we are seeing a correction... Gold is rebounding slightly from $3,341 ahead of US CPI data for July and against the backdrop of the extension of the US-China trade truce until November. Investors are assessing the prospects for a Fed rate cut, expecting inflation to remain within 2.8% (core inflation is 3%). Weaker-than-expected data could cause the dollar to fall and support gold, while stronger data could resume the downward trend. Technically, on D1-H4, gold is consolidating in a symmetrical triangle pattern and the price is in the support zone. There is a possibility that Trump may not make a mistake with inflation data, as he did with employment data... Support levels: 3341, 3334, 3311 Resistance levels: 3358, 3375, 3405 The 3335-3310 zone attracts MM with an open FVG, which the market may partially close, forming a liquidity trap before continuing growth. However, it is also worth watching the boundaries of the current local consolidation, as a breakout of one or the other boundary could trigger a strong impulse. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
23