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Elliott Wave

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
XAUUSD H1 – Watching Wave (4) for Wave (5) Launch Wave (4) for Wave (5) Launch 🚀 Price is finalising Wave (4) after an ABC correction. Support zones are in play, and a bullish reversal here could trigger Wave (5) towards fresh highs. 📍 Key Levels: -Support: LZB 3,328 – 3,320 (Wave 4 completion zone) -Minor Support: LRB 3,356 – 3,361 -Resistance Targets: -TP1: 3,379 – 3,385 (LRS) -TP2: 3,404 (MDS) -TP3: 3,421+ (SC zone) 📈 Bullish Plan (Preferred): -Entry: On bullish reversal from LRB/LZB -Targets: 3,379 → 3,404 → 3,421+ 📉 Bearish Alternative: -If LZB breaks cleanly, expect deeper pullback to 3,305 – 3,295 before next rally.
EIGHTCAP:XAUUSDLong
by yuzinc
SILVER - ANALYSIS1. Current Structure – Elliott Wave Count Wave A: A sharp decline from the recent high, establishing a strong corrective leg down. Wave B: A retracement rally, but not breaking above the prior peak, indicating corrective behavior rather than a fresh uptrend. Wave C (in progress): The chart is projecting a 5-wave decline inside Wave C. Current breakdown of Wave C: Wave ①: First leg down from the Wave B peak. Wave ②: A small corrective bounce is expected before further downside. Wave ③, ④, ⑤: Projected to take price lower, with the most aggressive drop likely during Wave ③. 2. AO Divergence Negative Divergence: Price made a higher high into Wave B, but the MACD histogram made a lower high — a classic bearish divergence, signaling weakening buying momentum. Weakness Confirmed: Histogram has crossed below the zero line, confirming bearish momentum and supporting the Elliott Wave bearish scenario. 3. Volume Profile Selling volume during the drop from Wave B is noticeably higher than the buying volume in the prior rally — indicating stronger participation on the downside. This supports the continuation of the bearish structure. 4. Price Projections Based on the wave count: Short-term: Likely a small bounce (Wave ②) towards ~$37.70–$37.90 area. Medium-term: A sharp decline towards the $35.80–$36.00 zone in Wave ③. Final target for Wave C: Potentially $35.20–$35.50 range before any major reversal attempt. 5. Trading Bias Bias: Bearish Aggressive entry: After a small corrective bounce (Wave ②) fails and momentum turns down again. Stop-loss: Above Wave B (~$38.40). Downside target zone: $35.20–$35.4. 6. Risk Factors If price breaks above $38.40, the current Elliott Wave bearish count will be invalidated. Geopolitical or macroeconomic news affecting silver demand could cause abrupt reversals. Conclusion: The chart shows a completed ABC correction with Wave C in progress, backed by negative divergence on the MACD histogram and confirmed momentum weakness. Expect a short-term bounce followed by a sharp decline, with a probable target in the $35.20–$35.50 range. Disclaimer: This analysis is for educational and informational purposes only and does not constitute financial advice, investment recommendation, or an offer to buy or sell any financial instrument. Trading in commodities, forex, stocks, or derivatives involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any trading or investment decisions. You are solely responsible for your trading and investment outcomes.
CAPITALCOM:SILVERShort
by shiva560060
AUDUSD: Gold Breakout & DXY Resistance Could Fuel Bulls!!Hey Traders, In tomorrow’s session, we’re eyeing a buying opportunity on AUDUSD around the 0.65100 zone. The pair remains in an uptrend and is currently in a correction phase, approaching a key support level at 0.65100. We’re also keeping a bullish bias on Gold, which is attempting to break and hold above 3,400. Given the positive correlation between Gold and AUDUSD, this could lend additional upside momentum to the pair. Meanwhile, the DXY is approaching the 98.300 resistance. A rejection from this level could serve as a strong catalyst for AUDUSD bulls. Trade safe, Joe.
Long
by JoeChampion
23
Extreme greed - LINK weekly update August 12 - 18thFrom an Elliott Wave perspective, Chainlink is currently in Minor degree Wave 5 within Intermediate degree Wave 3. On a broader scale, LINK has completed a 1–2 structure at both the Primary and Intermediate degrees, similar to many other altcoins I have analysed recently, and is now advancing as part of Cycle degree Wave 1. Liquidity positioning shows a substantial build-up below current price. The recent impulsive rally was largely driven by a short squeeze, as many traders opened short positions during Wave 4 and were subsequently liquidated. The order book also shows heavy order clusters above price, aligning closely with the key Fibonacci extension levels. Funding rates, however, paint a more cautionary picture. They are currently at extremely high positive levels, while open interest has spiked sharply — suggesting that this leg higher is standing on shaky ground. Such conditions often precede volatility spikes or corrective pullbacks. Additionally, momentum indicators like the RSI are showing overbought conditions. Given the current structure and liquidity alignment, the 1.618 Fibonacci extension remains my preferred target for the completion of this Minor Wave 5, as it coincides with a significant concentration of orders and fits the overall Elliott Wave projection. That said, the combination of overheated funding rates, elevated open interest, and extreme momentum readings warrants high caution for traders. As always — do your own research, and trade safe.
BINANCE:LINKUSDLong
by Phillipklh
$200 soon - SOL weekly update August 12 - 18thFrom an Elliott Wave perspective, the scenario for Solana has been slightly adjusted from previous counts. Current price action suggests that SOL is already in an impulsive upward move, which aligns well with the broader correlation observed across the altcoin market. As with many other altcoins, the structure shows a completed 1–2 sequence at the Primary degree and another 1–2 sequence at the Intermediate degree. At the Minor degree, price is in the final stages of Wave 1, specifically in Minute Wave 5. An alternative scenario — less likely but still possible — is that the move is actually a corrective structure, with the Minor degree currently forming Wave C. This would become more probable if price extends significantly beyond the 1.618 Fibonacci extension, as such behaviour would be atypical for a standard fifth wave. From a liquidity standpoint, short- to medium-term bias points upward. The liquidity heatmap shows a large concentration of liquidity at the local high of Wave 3, as well as significant order clusters near the 1.0 extension target for the current Wave 5. However, substantial liquidity is also accumulating below current price, which will likely be targeted during the subsequent Wave 2 retracement. Funding rates have shifted from slightly negative toward positive territory, and open interest is climbing — both signs of a stable and sustained upward move. Macro conditions also support the current market tone. The latest CPI data came in at 2.7%, better than expected, boosting sentiment. As the FOMC meeting approaches, retail traders are increasingly positioning for a potential “altseason” — a dynamic that raises the probability of a sell-the-news event if expectations are overextended. Given the current wave structure, liquidity positioning, and macro backdrop, the 1.0 Fibonacci extension level has been set as the primary target for the completion of this Minor Wave 5. This area aligns with heavy order clustering and fits the typical profile for a fifth wave termination before a corrective phase. Do your own research — and trade safe.
BINANCE:SOLUSDLong
by Phillipklh
Ebay Extends The Rally; Pointing To 100 AreaEbay Extends The Rally within an impulse, which can push the price up to 100 area from technical and Elliott wave perspective. Ebay is extending strongly higher after beating earnings at the end of July, which we see it as a wave 3 of an ongoing five-wave bullish impulse. Currently it can be trading in subwave (5) of 3 that can stop around 100 area, and from where we may see a new corrective pullback in wave 4, as eBay executives sell shares worth over 5.5million. So soon watch out for a new higher degree wave 4 pullback before the bullish trend for wave 5 resumes. A bullish impulse in Elliott Wave Theory is a five-wave upward movement showing strong trend momentum. Wave 1 starts the advance, Wave 2 corrects part of it, Wave 3 is the longest and most powerful leg, Wave 4 consolidates without overlapping Wave 1, and Wave 5 is the final push before a larger correction. The key rules are: Wave 2 never fully retraces Wave 1, Wave 3 is never the shortest, and Wave 4 doesn’t enter Wave 1’s price zone. This pattern reflects shifting market psychology from early accumulation to final optimism.
NASDAQ:EBAYLong
by ew-forecast