Get started

Elliott Wave

Amazon Can Stabilze Near $210Amazon has been pulling back lately, and I’ve been tracking this as a potential wave four flat correction, with wave A and wave B already completed and wave C now eyeing the support around 210. That zone also lines up with the 0.382 Fibonacci retracement and previous breakout levels, so it could attract buyers and provide stabilization. The retracement is quite deep at around 12 percent, but since the stock has not yet retested February highs, it looks more like a consolidation, a pause rather than a new bearish trend. I assume there is a chance for a nice bounce into wave five, still this year. GH
NASDAQ:AMZNLong
by ew-forecast
1
USDJPY Testing 147.800 as US Govt Shutdown Pressures DollarHey Traders, in today’s trading session we are monitoring USDJPY for a potential selling opportunity around the 147.800 zone. USDJPY is trading in a downtrend and currently in a correction phase, with price approaching this key support/resistance level. Structure: Market bias remains bearish after the recent trend shift, and the current pullback could set up continuation lower. Key level in focus: 147.800 — acting as resistance within the correction. Fundamentals: The US Government has officially entered a shutdown, a development that historically weighs on the US Dollar. This event adds to bearish USD pressure and could further favor downside in USDJPY. Trade safe, Joe.
Short
by JoeChampion
6
GOLD → Correction before growth and breakthrough of 3900...FX:XAUUSD has reached a new high of 3895. The dollar is recovering from its decline, and gold may form a correction. As prices rise, economic risks associated with NFP and the US government shutdown are increasing The suspension of NFP publication deprives the Fed and markets of a key benchmark for the labor market, increasing demand for defensive assets. The probability of a rate cut in October is estimated at 100%. Mixed JOLTS data (weak hiring) and fiscal risks are weighing on the USD, which in turn supports gold. Thus, the shutdown creates ideal conditions for gold to rise — uncertainty about Fed policy, a weaker dollar, and a flight to safety. Breaking through the $3900 level seems a likely scenario. Resistance levels: 3900, 3925 Support levels: 3871, 3854, 3831 A correction is forming after a small rally in the European session. Before continuing its growth, the market is entering a correction/consolidation phase. I have indicated the key support levels on the chart. If the bulls manage to keep the price above these zones, then we can expect continued growth in the short and medium term Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
9
NZDCAD → A false breakthrough will trigger a decline FX:NZDCAD is forming a countertrend correction with the aim of retesting key resistance and the liquidity zone amid a global downtrend. A reaction to the support zone is forming. The price is recovering, but within the global downtrend. The countertrend movement may end in the resistance zone of 0.811 - 0.8125 The global trend is downward, but we are seeing a rebound within the retest of the channel support. There is a fairly large pool of liquidity ahead, which is capable of stopping the price from rising at a high speed. A false breakout of 0.811 - 0.8125 could trigger a decline. Resistance levels: 0.811 - 0.8125 Support levels: 0.8056, 0.8030 A false breakout, consolidation below the specified zone, and a price close below the level could trigger a further decline. Best regards, R. Linda!
Short
by RLinda
3
GOLD → Liquidation, but there is still a chance for growth...FX:XAUUSD has reached a new all-time high of 3871.6, marking its best month in 14 years (+12% in September). However, against the backdrop of high risks, the market is experiencing profit-taking and a deep correction. What next? The high probability of a shutdown from October 1 is weighing on the dollar. The probability of a Fed rate cut in October is 90%, despite cautious comments from the Fed. New tariffs on timber and furniture (from October 14). Data from China: PMI growth (Manufacturing to 51.2). All this supports the bullish trend in gold. However, the end of the quarter, anticipation of NFP (but in the event of a shutdown, the publication of employment data will be suspended). Technically, as part of the correction, the price is testing the upward support line, and the price reaction to the 3790-3780 zone will give hints about further movement... Support levels: 3791, 3783 Resistance levels: 3831, 3847 A false breakdown and the formation of a reversal pattern relative to the specified support zone could trigger a recovery phase within the bullish trend. However, a quick return to support could trigger an attempt to break through and correct to 3759-3738. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
27
BITCOIN → Correction before the breakout of 114.5KBINANCE:BTCUSDT , after the end of the correction, is forming a 3.5% rally and testing the important milestone of 114,600. It was not possible to break through the level without consolidation and at such a high speed. How long will the correction last? Bitcoin is testing mirror resistance and, after a strong rally, was unable to continue its growth. The reason for the halt is a huge liquidity pool above 114,600. A pullback is forming. Earlier, the price ended a 3-week correction by breaking through the downward resistance. We can assume a change in sentiment towards the buyer... Technically, the price is changing the nature of the market to bullish after the formation of a reversal structure accompanied by a bullish run. The 2-week high has been updated. Resistance levels: 113850, 114620, 115900 Support levels: 113100, 112300, 111800 As part of the correction, the price may test the 113K - 112500 zone before returning to growth. If the market holds the price above 112K - 113K, it will confirm the bullish sentiment, and the positive fundamental background will support further growth. Best regards, R. Linda!
Long
by RLinda
8
Wave 3 Breakout – Targeting 1.18600 w/Elliott Wave ConfirmationOverview This idea is based on a completed Elliott Wave impulse sequence (1)-(5) followed by a corrective ABC structure, suggesting the start of a new bullish impulse wave, likely Wave (3) of a higher-degree cycle. The breakout above the H4 high and consolidation near the Daily High supports this bullish continuation. Technical Breakdown Wave Structure: The chart shows a full 5-wave impulse up, followed by an ABC correction. Price is now pushing above the corrective high, suggesting Wave (3) is underway. Support Zones: H4 Low: 1.1728 Daily Low: 1.17122 Weekly Low: 1.16456 Resistance Zones: Weekly High: 1.18200 H1 High: 1.18600 The breakout above the H4 High and Daily High confirms bullish momentum. The wave count aligns with a textbook Elliott Wave setup, where Wave (3) is typically the strongest and longest. Trade Setup Entry Zone: Between 1.17450–1.17500, after breakout confirmation. Stop Loss: Below 1.17220 (Daily Low), allowing room for volatility but protecting against invalidation of the wave count. Take Profit 1: 1.18200 – aligns with minor resistance and a conservative Wave (3) projection. Take Profit 2: 1.18600 – based on Fibonacci extension and upper range of the Weekly High zone. This setup offers a risk-reward ratio of approximately 2.5:1, ideal for swing or short-term momentum traders. Wave Theory Context Wave (1): Initial breakout from base structure. Wave (2): ABC correction, now complete. Wave (3): Currently unfolding, expected to extend beyond TP2 if momentum continues. Wave (4) and (5): To follow, but not yet visible. Final Notes Watch for a retest of the breakout zone (1.17450–1.17500) as a potential secondary entry. If price fails to hold above 1.17220, consider the wave count invalidated and exit the trade. Keep an eye on macroeconomic news that could impact EUR/USD volatility.
Long
by DayTraderz365
That's good.Looking at this story I tend to believe that the full cycle of growth and correction has been completed, which should in theory open the way for a new impulse wave one. August just closed with a bullish indication (3s bull) and we have a second green candle in a row (Heikin Ashi). That said, the OTHERS itself is rather treading water for now. But I tend to think that growth has already started and now triggers are needed. As I have said many times, Powell's statements (alas) are such a trigger. Although the crypto market should have sent the US monetary authorities to hell a long time ago.
CRYPTOCAP:OTHERS
by averkie_skila
5
1H Chart Outlook on MP Materials Corp.On this 1H Chart outlook of NYSE:MP MP Materials, im still looking for the wave v in green to play out. but the outlook puts forward a couple of different paths. The orange zone holds and this marks the completion of wave (ii) in orange and price heads higher in wave (iii). Alternatively price could tag the 'Alternate Outlook Structural Level' at $61.41, before a potential reversal to make the wave V. We will soon find out which path it takes. Recent position taken is shown on the chart.
NYSE:MPLong
by TheWaveCave
$IWM – Small Caps at Bounce Zone📊 AMEX:IWM – Small Caps at Bounce Zone Chart Context: AMEX:IWM pulled back into Fib 0.382–0.5 zone (~239–240). Price found support exactly at 239.4 pivot → matching MA bounce on daily. Intraday structure = higher lows forming → possible reversal leg. 🔑 Key Levels Support: 239.4 (pivot) → 237.6 (strong demand). Upside Targets: 242.9 (Fib 1.0) 244.9 (1.382) 247.3 (Fib 2.0 extension) Invalidation: Break below 237.6 negates bullish setup → back toward 234–232. 📈 Trade Bias Bias: BTFD / Bounce Play while above 239 support. Scalp Targets → 242–244. Swing Target → 247–248 if momentum extends. Risk Management: Tight stops below 237.6. 🧩 Takeaway AMEX:IWM showing resilience at Fib support. If small caps confirm this bounce, it could spark a broader risk-on move across equities. Watch 239 → 247 range closely. #IWM #Russell2000 #SPY #Trading #VolanX
AMEX:IWMLong
by Wavervanir_International_LLC
ETH Elliott wave analysis 1/10 /2025In my point of view , The wave (IV) is end and we are going to finish the wave (5).The new wave ①, which has surpassed the top of wave (4) with a strong impulse, indicates that the beginning of wave (V) has likely started. Wave (IV) appears to have formed a b-failure flat, where wave C slightly exceeded 132.8%. Based on the Butterfly harmonic pattern from the higher time frame ETH analysis, the target price is projected to be in the range of $5,900–$6,400. An alternative count is that the recent abc structure may represent waves 1, 2, and 3, with the current correction being only a minor retracement. This scenario requires further observation. However, the overall Elliott Wave structure still suggests that one more upward wave is needed to complete wave (5).
INDEX:ETHUSDLong
by jirapattinn
1
NZDUSD → Rebound from support. Focus on 0.5800FX:NZDUSD is undergoing a correction amid a rebound in the US dollar, testing trend support and forming a reversal pattern. The fall in the dollar may support price growth. The dollar is correcting, which gives the forex market a chance. After retesting the support of the downtrend, the New Zealand dollar is forming a rebound. A reversal pattern and a breakout of resistance at 0.58 will return the price to the trading range, confirming a false breakdown of support and potentially triggering growth. The global trend is neutral, and locally we have the boundaries of a downward channel. However, a false breakout of trend support could shift the angle of imbalance towards the buyer, allowing the price to rise. Resistance levels: 0.580 Support levels: 0.5771, 0.575 A breakout of resistance at 0.58 and a close above this level would be a strong signal of readiness for growth. However, before that, the price may test support at 0.5771 (break-even zone). Best regards, R. Linda!
Long
by RLinda
10
GBPUSD → Will the bulls be able to maintain the bullish trend?FX:GBPUSD slows down in the 1.334 zone amid a sharp decline. The market is testing trend support against the backdrop of a bullish run in the DXY due to confusing data from Powell... The dollar continues its countertrend correction and is approaching resistance as part of the rally. A fall in the DXY will resume the growth of currency pairs. The pound sterling is currently testing trend support and the trading range. The focus is on the 1.334 - 1.337 zone. If the bulls keep the price above this range, it will confirm the false breakdown and may trigger growth within the bullish trend. Powell has confused the market with his statements and further policy. We have been observing the market's reaction over the past few days... Support levels: 1.334, 1.3315 Resistance levels: 1.337, 1.346 I do not rule out the possibility of a retest of 1.3315, but a return of the price to the range and consolidation of the price above the 1.334-1.337 zone will confirm the false breakdown and may give buyers hope that this, in turn, could lead to a recovery. Best regards, R. Linda!
Long
by RLinda
6
NZDJPY → Consolidation amid a downtrend. What next?FX:NZDJPY is ending its correction and returning to the downward trend. The price is consolidating for a possible continuation of the downward movement... The price breaks the support of the upward channel (countertrend correction). The movement occurs in a “step” format, which generally indicates weak demand. Clear consolidation boundaries are forming on the chart. The global trend is downward, and the local trend has also resumed its downward movement. Focus on two zones: 86.5 - 86.96. Within the framework of trading strategies, a false breakout of resistance or a breakout of support can be considered with the aim of continuing the decline. Resistance levels: 86.96, 87.16 Support levels: 86.5 As part of consolidation, MM may form a liquidity trap on the resistance side, and a false breakout may trigger a further decline. However, if the bears increase pressure, the formation of a pre-breakdown base relative to the 86.5 support may trigger a breakout and a continuation of the downward movement. Best regards, R. Linda!
Short
by RLinda
6
NZDJPY Is Forming A Bullish SetupNew Zealand dollar turned up against the Japanese Yen since April, when we saw a strong rebound from 80.40 support, a key level going back to March 2023. The recovery is quite strong, and it looks like a leading diagonal pattern into wave A; so it's a motive wave structure that already pushed above the 87.34 resistance, which is a strong bullish signal, suggesting more upside ahead. So if we are correct, then current retracement is a contra-trend move; possibly wave B that has a nice support at 85-84 area, which is not that far away, so we may get a new bounce in a few weeks; ideally an impulse, out of a current downward channel. 
Long
by ew-forecast
GBP/JPY Outlook and Elliott Wave AnalysisThe GBP/JPY currency pair is currently trading near critical levels. The Bank of England (BoE) keeps its policy rate steady at 4.00%, providing limited near-term support for the Pound. In contrast, the Bank of Japan (BoJ) maintains rates at 0.50%, but signals of potential future tightening could strengthen the Japanese Yen. This divergence creates downside pressure on GBP/JPY. From a technical standpoint, according to the Elliott Wave Theory, the GBP/JPY pair has likely completed the final wave C of an ABC corrective structure in a diagonal pattern. This pattern suggests the Japanese Yen could gain short-term strength against the Pound, with the pair potentially pulling back towards 198.00 by 1 October. In the short term, GBP/JPY may continue to show choppy but downward-biased moves. However, the upcoming 1 October data releases and the BoJ’s policy stance will be crucial. If the Bank of Japan refrains from action, the Pound could regain momentum and drive GBP/JPY higher towards the 201.00 resistance area.
Short
by CakirInsights
Impulse Wave 5 Near Completion: Short Setup Ahead?The 5th wave of the current impulse structure is close to completion. Price action is showing exhaustion and the drop in volume is confirming that momentum is fading. At this stage, risk for longs is increasing and the probability of a corrective phase (A-B-C) is high. Traders should keep an eye on bearish confirmation signals such as trendline breaks, bearish engulfing bars, or supply zone failures. A short setup could develop soon if price rejects with conviction. Patience is key — Wave 5 can stretch, but once it’s done, downside pressure usually accelerates quickly. Manage risk carefully and adjust sizing according to your strategy.
Short
by CakirInsights
4