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Elliott Wave

GBPAUD Reverses from Key Zone – Long Setup in Play!Today I want to share with you a Long position on GBPAUD ( OANDA:GBPAUD ). GBPAUD started to rise well from the Important Support line , Support zone(2.032 AUD-1.987 AUD) , and Potential Reversal Zone(PRZ) and managed to close the 4-hour candle above 2.053 AUD (important) . In terms of Elliott wave theory , GBPAUD seems to have completed the main wave 4 . The main wave 4 structure was a Double Three Correction(WXY) . Also, along the way, we can see a Bullish Marubozu candle , which could indicate a continuation of the uptrend . I expect GBPAUD to break the Resistance lines soon and attack the Resistance zone(2.078 AUD-2.066 AUD) . First Target: 2.065 AUD Second Target: 2.076 AUD Note: Stop Loss(SL): 2.040 =Worst SL Please respect each other's ideas and express them politely if you agree or disagree. British Pound/ Australian Dollar Analyze (GBPAUD), 4-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
23
ConcordBio Long Watch – Pullback After Structure BreakThe chart shows an A-B-C corrective structure, where: 🔹 Wave A and Wave B are each divided into three smaller sub-waves (typical corrective behavior). 🔹 Wave C is impulsive, aligning with Elliott Wave guidelines for a clean correction completion. 📊 Fibonacci confluence supports this view — though I’ve not plotted Fib levels here to avoid making the chart look messy. You can check Fib retracement and extension levels on your own for confirmation. Following the completion of this correction, the stock rallied strongly, breaking previous structure highs (BOS). We are now observing a pullback that itself is unfolding in an A-B-C form, potentially offering a good long entry in line with the prevailing bullish trend. Chart Annotations: 🟩 Green Zones → Key support zones I’m watching for potential buying interest. 🔴 Red Line → Suggested Stop-Loss placement. The idea here is to align with the trend, buy near support, and manage risk with a clear SL level
NSE:CONCORDBIOLong
by SpiderChart
Bitcoin Bounces Back — Is $120K the Next Stop?!Bitcoin ( BINANCE:BTCUSDT ) reacted well to the 50_SMA(Daily) and the Heavy Support zone($112,000-$105,800 and started to rise again. The question is, can Bitcoin reach $120,000 again and even create a new All-Time High(ATH)!? In terms of Elliott Wave theory , it seems that Bitcoin has managed to complete the main wave 4 in the descending channel . To confirm the end of the main wave 4 , we must wait for the upper line of the descending channel to break. The structure of the main wave 4 is a Zigzag Correction(ABC/5-3-5) . I expect Bitcoin to trend higher in the coming hours and attack the resistance area and the upper line of the descending channel(First Target: $117,490) . Do you think Bitcoin's main correction has begun, or does Bitcoin still have a chance to create a new ATH? Second target: $119,991 Cumulative Long Liquidation Leverage: $113,526-$112,591 Note: Stop Loss: $111,070 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 2-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
22
Back to $4 - XRP weekly update August 7 - 13thXRP is currently advancing within a Minor Wave 3, which forms part of an Intermediate Wave 5 — itself completing a larger Primary Wave 1. This alignment across multiple degrees of trend suggests that XRP may be in the early stages of a broader bullish cycle with meaningful upside potential. The structure of the preceding Intermediate Wave 3 is clearly impulsive, which supports the idea of sustained continuation. There is, however, some ambiguity in the early part of this current impulse — particularly in the development of Minor Wave 1. This leaves room for an alternative scenario that assumes a more complex correction may still be in progress. This would only be confirmed if the Wave 4 low is breached, thereby invalidating the current impulsive count. Sentiment and market data currently favour the bullish outlook. Funding rates are positive, showing that the market is leaning long, and open interest is rising, indicating increased trader participation. Furthermore, the liquidity heatmap shows a notable cluster of liquidity above current price, which could serve as a magnet during a third wave — typically the most dynamic part of an impulsive move. On a broader level, this anticipated momentum could also be fueled by macroeconomic developments. For much of the year, capital inflows into crypto were restricted by the Federal Reserve’s reluctance to lower interest rates. However, that could change soon: according to the CME Group’s FedWatch Tool, there’s a 93.6% probability of a rate cut at the upcoming FOMC meeting in September. Markets tend to front-run such events, and this expectation could trigger renewed retail buying — precisely the kind of sentiment shift that often fuels Wave 3 advances. Importantly, institutional players appear to have already positioned themselves earlier, as evidenced by the formation of order blocks near the end of Wave 2. This suggests that what we’re witnessing now may be retail-driven momentum building on top of smart money accumulation — a classic dynamic in developing third waves. As long as the current structure remains intact and the Wave 4 low holds, XRP is well-positioned for further upside — with the $3.50–$3.88 zone as a near-term target. The technicals, sentiment, liquidity positioning, and macro backdrop all point in the same direction: higher.
KRAKEN:XRPUSDLong
by Phillipklh
BTC - 1H Elliott Wave Analysis - 07.08.25Greetings and welcome back to another Bitcoin Elliott Wave Analysis! This Analysis is a bit more complex due to recent price action. The probabilities of the impulsive structure we discussed last time decrease as the price touched the 0.618 FIB at 114'209 USD of our supposed to be Wave 4 support area which is a warning sign. It invalidated the impulse we looked into last time. That doesn't mean we turn bearish yet. We are still looking for higher prices to come! We got two impulsive scenarios. The first is that we still follow the green count just that it now is a leading diagonal which means every Wave is a three wave move as ABC. For our green Wave 3 in which we currently are this would be the yellow ABC which could be finished but preferably we get another high to hit the 1 to 1 FIB target at 117'303 USD before finishing the green Wave 3 and starting the green Wave 4. Condition for this count is that we don't move below the last low at 155'555 USD which would shift probabilities to the other cases as the pullback would be too deep. The other possibility is that we get a reset of the green Wave 2 meaning that the recent move up we saw from the 5th August low is part of the green Wave 2 correction. In this case the move up would be an overshooting Wave B displayed as part of the pink ABC here. Unlike the other count we would prefer to start the move down in pink Wave C now as it would look better. This doesn't meant that we can't get another high in this count too. We want to make aware that in this kind of correction which is called expanded flat it is common for Wave C to either undershoot or overshoot Wave A. This means that usually we could get a shallow Wave C to around +- 115'000 USD or a long C Wave. The overshooting C Wave isn't possible here as it would go beyond the Wave 2 support area and invalidate the count unless we get another high first. Sadly we can't really calculate the C targets yet due missing price action but we wanted to make you aware of the possibility of it being shallow. :) Thanks for reading. We would appreciate if you boost the idea if you enjoyed it as we put extra work into this one. :D NO FINANCIAL ADVICE.
Long
by KanashimiBro
Bitcoin Dominance at Critical Juncture – Triangle Breakout Could🔍 Technical Overview Bitcoin Dominance has declined from 62.6% to around 61.3%, forming a clear corrective leg within a rising channel. This drop has currently paused at a major static support, where price action is consolidating in a contracting triangle pattern near the channel’s lower boundary. ⸻ 🧠 NeoWave Interpretation We are likely in the final stages of Wave D of a larger Diametric structure, unfolding within a rising channel. The correction from 62.6% resembles a complex, slowing wave D that may be near completion. Two key scenarios are now in play: 1. 🔺 Breakout of the triangle’s upper boundary would mark the start of Wave E, pushing BTC Dominance higher and triggering a sell-off in altcoins. 2. 🔻 A breakdown of static support (61.3%) would likely be short-lived, as the channel’s lower trendline may provide dynamic support — still leading into a bullish Wave E. ⸻ 📊 Smart Money Summary • 🟡 Wave D likely completed near a strong confluence zone • 🔼 Watching for a triangle breakout — potential early signal for Wave E • 🟥 Failure of altcoins to maintain strength supports this thesis • 🧭 Bias remains bullish BTC.D unless 60.9% channel support decisively fails ⸻ 🎯 Strategy Outlook In such wave structures, Wave E tends to be sharp and sentiment-shifting. With BTC.D sitting on strong support and consolidating in a terminal triangle, exiting altcoins before a breakout is a risk-averse decision. ⸻ ✅ Conclusion BTC Dominance may be at the end of Wave D. If the triangle resolves to the upside, expect dominance to climb rapidly — likely reversing the recent strength seen in altcoins. A bullish Wave E appears imminent unless invalidated. ⸻ 📌 Save this analysis 💬 Share your altcoin views in the comments
CRYPTOCAP:BTC.DShort
by CryptoPilot
6
GOLD → Correction before a breakout and rallyFX:XAUUSD is gradually making its way upward, but it faces a fairly difficult resistance zone. Most likely, a long squeeze may form before further growth. Gold is rising amid uncertainty: Expectations of key US labor market data (unemployment claims, labor costs), the possibility of a Fed rate cut in September after weak employment and services data, new trade threats (possible 15% tariffs on Japanese imports and restrictions on Russian oil supplies to China) Key risks: Trump's decision on Fed appointments (replacement of Kugler and Powell) and further escalation of trade conflicts could increase volatility. For now, dovish expectations and demand for safe-haven assets are supporting gold. Technically, the focus is on the local range of 3390-3335 (3350). A false break of support could trigger growth... Resistance levels: 3390, 3405, 3433 Support levels: 3365, 3358, 3350 The fall of the dollar is supporting the already bullish gold... However, before continuing its growth, the price is forming a correction, and a false breakout of support and liquidity capture could have a positive effect on the market for further upward movement... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
22
Structure-based long trade on LICIThis is a structure-based long trade on LICI, following a potential completion of an A-B-C correction. The price action suggests that the correction phase may have just ended, and we're seeing signs of early reversal. A rally from the lows adds weight to the bullish case, and the current level offers a good opportunity to participate — with clear structure and support. 📌 Two possible approaches to enter: ✅ Entry after A-B-C completion, around support — for early positioning with better R:R. 🔁 Alternate Entry: Wait for price to rally, then pull back to retest broken structure or support. This offers more confirmation, but comes with the risk of FOMO (Fear of Missing Out) if price doesn’t pull back. We’ve opted to wait for the correction to complete, and now watch for price to hold and show strength around support zones. As always, plan your trade: 🛑 Stop-loss just below the C wave / support of 759.90 🎯 Target based on impulse projection or structure levels — ideally with 1:2 R:R or better
NSE:LICILong
by SpiderChart
2
Nasdaq and S&P500 short: Update on wave counts and trade setupOver here, I update on the wave counts and explain why I think Nasdaq and S&P500 is once again, short opportunities. If you had try out my previous idea on 5th Aug, the maximum profit would be around 250 points on Nasdaq before the price reversed and went higher. As traders, we are not so much concerned with being right but more on risk-reward and active trade and risk management. So I hope you would have taken your profit on that idea. The general macro and fundamental outlook remains the same as per previous video, which is why my recent ideas had been short ideas. In the near future, I foresee more short ideas too. Anyway, I believe that the risk-reward is good this time for another short for Nasdaq and S&P500. Good luck!
OANDA:NAS100USDShort
by yuchaosng
BITCOIN → Retest of resistance in the bearish trading rangeBINANCE:BTCUSDT.P is consolidating in the range of 115,600 - 113,500. The price is testing resistance, relative to which a huge pool of liquidity has formed, which bears are likely to defend quite aggressively... Idea from July 22: expectation of a decline from 120K to 112K. Target achieved Bitcoin is correcting on D1, the price previously broke through the support level of 115650 and formed another trading range, with the previously broken lower boundary of the consolidation acting as resistance. The market has not yet tested the zones of interest at 110K and 105K, and therefore the possibility of a further decline remains relevant. A liquidity pool has formed relative to the resistance of the trading range at 115678. There is a high probability of a short squeeze before the decline. Resistance levels: 115678, 116370 Support levels: 113530, 112660, 110K In the short term, I expect a retest of resistance and a capture of liquidity. If the market is unable to continue its upward momentum and returns the price below the level, a false breakout will form, which may trigger a decline to the indicated areas of interest. Best regards, R. Linda!
Short
by RLinda
13
USDT Dominance – Diagonal Ending? | Wave F in Progress🔸 Market Structure: Tether dominance is currently unfolding in a contracting diagonal (Diametric) formation, and we are now in wave F of the structure. Diagonals typically alternate in direction and converge toward a terminal point. ⸻ 🔸 Key Observations: • Price has rejected from the top of wave E • Wave F is now unfolding as a corrective move down • Two potential targets are identified for wave F completion ⸻ 🔹 Scenario 1 (Sc1): 4.40% • Short-term ascending trendline support • Possibility of a shallow correction before another bounce • Less ideal in terms of geometric balance of the diametric 🔹 Scenario 2 (Sc2): 4.28% • Aligns with the lower boundary of the diametric pattern • Converges near previous demand/resistance flip zone • Better symmetry and structure for a completed wave F • This scenario is currently more probable ⸻ 🎯 Expected Path: Wave F likely targets 4.28% before any significant bounce, aligning with a complete structure. ⸻ 📌 Summary: USDT dominance is likely in the final stages of a Diametric pattern. We’re watching for signs of completion around 4.28%, which aligns better structurally. A bounce from 4.40% is possible, but less favored unless strong bullish evidence appears.
CRYPTOCAP:USDT.DShort
by CryptoPilot
1
XAUUSD H1 Chart – Elliott Wave ViewTrade Idea / Game Plan -Intraday Long: -Can scalp or swing long toward 3,393–3,400 (targeting completion of ⑤), but watch for exhaustion as price nears LZ. -Short Setup: -Look for rejection or reversal candles in the LZ (3,393+). -If momentum stalls, this is your spot to hunt shorts, aiming back down to the blue zones (3,369 / 3,367 / 3,360). -Risk: -If price smashes through LZ without rejection, step aside and wait for new structure. -3,393–3,400 Supply (LZ) Target for longs, look to short if reversal forms -3,380–3,376 Minor S/R Watch for possible pause/retrace -3,369–3,368 Support Bounce area if sharp pullback -3,360–3,350 Major Demand Bigger bounce zone for bears
PEPPERSTONE:XAUUSD
by yuzinc
This time, we'll get there - DOT weekly update August 6-12thPolkadot is currently in the early stages of a major impulsive advance, supported by a strong multi-timeframe Elliott Wave structure. According to the primary count, the asset has just completed a corrective Wave and is now entering a new bullish cycle that could unfold across several degrees of trend. Specifically, we appear to be at the beginning of Cycle Wave 1, Primary Wave 3, Intermediate Wave 1, and Minor Wave 3 — a highly bullish alignment suggesting both immediate and longer-term upside potential. There is an alternative scenario with lower probability that assumes the recent advance is still part of a larger corrective structure, implying that the correction could extend further to make a new low. This would correspond to an ongoing Wave (5) or , targeting a drop below the $3.02 level. However, given the clean impulsive structure of the recent move and the rejection from key support zones, this bearish alternative currently lacks strong evidence and remains unlikely unless the local low is breached. Sentiment and derivatives data support the bullish thesis. Funding rates are positive, indicating that traders are willing to pay to hold long positions, and open interest is rising, showing increased conviction and participation. One area of caution, however, comes from the liquidity heatmap, which highlights significant liquidity sitting below the current price. This suggests that a short-term liquidity sweep cannot be ruled out, even within a bullish context. That said, structurally and probabilistically, the primary scenario remains intact and dominant. The recent corrective structure has found strong support, and the initial breakout signals the early phase of a Wave 3 advance. Given the high reward-to-risk ratio at current levels, this zone represents an optimal entry opportunity for traders aligning with the macro bullish thesis.
BINANCE:DOTUSDLong
by Phillipklh
BTC - 1H Elliott Wave Analysis - 06.08.25Welcome to our Elliott Wave Count for Bitcoin! We have seen a decent reaction to the upside from our Wave 2 support area. We did remove the bearish red Wave count even if it hasn't been strictly invalided yet but we think it keeps the chart cleaner. Additionally if we take the recent high at 115'686 USD we would have an overlap of red Wave 2 and 4 which would decrease the probabilities of the bearish count. It appears that we held the Wave 2 support and got a decent reaction to the upside. At the moment we are continue to see the price surge to the upside. We did add some Elliott Wave counts displayed each in 5 Waves in turquoise, white and green to help keep track of the price development. Additionally we added a provisional support area for Wave 4 of the white count. It sits between the 0.5 FIB at 114'469 USD and the 0.236 FIB at 115'083 USD with the invalidation at the 0.618 FIB at 114'194 USD. Be aware that the support area moves with the price surging. Preferable we stay above that support area. Thanks for reading. We would appreciate a follow and boost if you like the analysis! :) NO FINANCIAL ADVICE.
Long
by KanashimiBro
We are moving - Cardano weekly update August 6 - 12thCardano appears to have completed a clean Wave 2 correction and is now forming the first 1-2 setup within a larger impulsive move to the upside. From an Elliott Wave perspective, this suggests we are at the very beginning of a broader bullish development. Structurally, the chart aligns across multiple degrees of trend: we are currently within Cycle Wave 3, Primary Wave 1, and Intermediate Wave 3 — a highly favourable configuration for strong upside momentum. The recent retracement reached the 0.5 Fibonacci level, where price reacted strongly and formed a well-defined bullish order block. This confluence between Fibonacci support and structural demand reinforces the idea that the local bottom is likely in place. The move off the lows also began with a clear five-wave advance, indicating that an impulsive structure is developing. While an alternative scenario is shown on the chart — suggesting a possible deeper correction — this is considered low probability. The main reason this alternative exists is the relatively short time duration of the Wave 2 correction, which might appear shallow compared to expectations. However, given the structural symmetry, the clear order block, and the impulsive reaction from support, the primary bullish scenario remains heavily favoured. Additional confluence comes from sentiment and derivatives data. Funding rates are still in negative territory but are turning upward, signalling a potential shift in market positioning toward longs. At the same time, open interest is increasing — an encouraging sign of growing participation and conviction in the current move. The liquidity heatmap currently shows significant clusters both above and below the current price, making the liquidity picture overall neutral. However, this also implies potential for strong directional movement should one side be taken out decisively. Overall, the technical and sentiment-based evidence points to a structurally sound bullish setup with limited downside risk, so long as the current low remains protected.
BINANCE:ADAUSDLong
by Phillipklh
GOLD → Long squeeze of support ahead of possible growthFX:XAUUSD is entering a consolidation phase after a rally. The market is forming a trading range, and a retest of support could end in growth... Gold pulled back from an 8-day high ($3391) on profit-taking ahead of Trump's Fed appointments. Weak ISM services data (50.1) and a pause in the dollar's weakening added pressure, although expectations of Fed policy easing in September remain supportive. The market focus is on key events: Fed appointments (including a possible replacement for Powell) and Trump's trade statements. These factors could provide new momentum after the current correction, as long as the fundamental drivers for growth remain in place. Resistance levels: 3385.4 Support levels: 3358, 3350, 3345 Technically, the price has confirmed resistance after a false breakout, and the market needs to build up potential for a possible continuation of growth. At the moment, the most likely scenario is a long squeeze (false breakdown) before growth continues. Focus on the key support zone. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
31