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Elliott Wave

RIOT Continues wave 3.NASDAQ:RIOT is moving well in wave 3 after price completed wave 2 at the triple support -0.5 Fibonacci retracement, High Volume Node (HVN) and daily 20EMA. Fibonacci extension targets for wave 3 are minimum $45.17, which falls in line with wave 4 retesting the High Volume Node resistance as support at $34. Daily RSI will put in bearish divergence if we continue higher today so watch out for that. An initial rejection or consolidation at $18 HVN is expected. Analysis invalidated below $10.5 Safe trading
NASDAQ:RIOT
by Maddox_Metrics
COIN Ready for Gap Fill?NASDAQ:COIN Coinbase looks ready for move up to at least fill the gap at $359 if not make new all time highs. Daily RSI printed bullish divergence and price broke out yesterday into bullish market structure. A break above the High Volume Node resistance could see new all time highs sooner than expected! Analysis is invalidated if we drop below the swing low and that will continue my previous analysis downwards with a target of the ascending 200EMA, High Volume Node support, S1 Pivot at $282. Safe trading
NASDAQ:COIN
by Maddox_Metrics
IOLCP – Multi-Year Breakout Setup Forming? | Inverse H&S in FocAnalysis: IOL Chem & Pharma is showing signs of life after years of consolidation. A potential inverse Head & Shoulders pattern is forming with a neckline around ₹90–91. 📍 Key Levels: ✅ ₹91 – Breakout level on daily close ⚡ ₹111 – Multi-year breakout confirmation 🛡️ SL: ₹75 (below recent structure) Volume confirmation is critical for breakout sustainability. RSI is nearing bullish territory, supporting possible upside. 🎯 Breakout Target (on confirmation): ₹135–₹150 zone 📌 Watchlist stock – Needs confirmation. Stay alert for price action around ₹91–₹111.
NSE:IOLCP
by Pushpmegh
1
USD/JPY: Downside Pressure MountsUSD/JPY has completed a corrective rally into the wave (2) region, stalling around the 152.00–150.50 supply zone and respecting the descending trendline resistance. This rejection confirms that the broader bearish cycle is intact, and the pair is now entering a wave (3) decline. From the structure, wave (1) has already unfolded strongly to the downside, and the recent corrective bounce aligns as a double three (W–X–Y) correction, which has likely ended. With this in place, we should see downside continuation, targeting lower levels in a clean five-wave decline. T1 = 144.289 T2 = 142.288 SL = 150.525 As long as USD/JPY holds below the 150.80–152.00 invalidation zone, the outlook stays bearish. Selling momentum remains strong, and any pullback is likely to create new opportunities for sellers until wave (5) completes.
by Money_Dictators
1
Hyatt Hotels: Elliott Wave Unfolding, Room for Bearish Momentum?Fundamental Backdrop Hyatt’s stock has seen significant volatility recently, driven by a mix of macroeconomic factors and company-specific challenges. In February 2025, the stock dropped due to a Q4 earnings miss, a cautious 2025 outlook, and concerns around the Playa acquisition. However, it rebounded in April 2025, driven by strong Q1 earnings, a successful asset-light strategy, and positive market sentiment. 5-Wave Uptrend and Correction From this rebound, a 5-wave uptrend formed, pushing the stock nearly 50% higher before correcting into wave A and B. This correction was primarily due to weak earnings and analyst downgrades in July 2025, which triggered a drop in stock price. Anticipating Wave C Now, we are anticipating wave C based on several bearish catalysts: slowing RevPAR growth, margin compression, and declining net income, all signaling potential bearish momentum. The stock is building momentum and could break lower if it breaches the anchored VWAPs. While the VWAP anchored to April could provide short-term support, a break of this level could unlock further downside momentum. We are eyeing $128 as a key support area. Volume Footprint and Divergence Additionally, the volume footprint at the top of wave B is showing divergence. As the price climbs to the upper bound of the ascending channel, there is a notable bearish delta in the volume print, suggesting weakening momentum at these levels. This signals a potential bearish setup if the stock fails to sustain these gains. Bearish Setup Overall, the market is closely watching for a break of the VWAPs, which could trigger further downside toward the support zone at $128.
NYSE:H
by Alchemy Markets
2
TAO triple 1,2 impulse to the upside!Super bullish pattern forming in this bullish scenario on TAO. HTF 1,2 in black finished with a deep retracement. Second 1,2 in light blue finished with a retracement to the 0.5. The third micro 1,2 in green finished with a deep retracement to .886 Fib. Since then we chopped around the bottom with our LTF lower degree 1,2 structures to form the base of the extended wave 3 thats coming (or here now!). It could be counted as such that this wave 3 has already formed its own double 1,2 structure which gives more confluence to a massive rally. Several alts are showing similar patterns. Is alt season yet? xD Happy Trading
Long
by Fractical
GOLD → As prices continue to rise, so do the risks...FX:XAUUSD continues to rise, setting new highs. New ATH 3659. Focus on current consolidation, as the structure remains bullish... Gold hit a new record high, surpassing $3,650, amid a weakening dollar and growing expectations of aggressive Fed policy easing. However, overbought conditions and profit-taking risks may limit further growth. The USD is at 7-week lows due to fears of stagflation and deteriorating employment data. The probability of a rate cut on September 17 is 89.4% (25 bps), with a chance of 50 bps. Markets are expecting more than two cuts in 2024. Risks for gold: “Sell the fact”: If the NFP revision turns out to be weak (as expected), investors may start to take profits. Technically, gold remains bullish, but a near-term correction is likely due to technical factors and a possible reaction to the data. The long-term trend remains bullish thanks to a weak USD and the Fed's dovish policy. Resistance levels: 3657, 3675, 3700 Support levels: 3636, 3628, 3620 Gold is consolidating. At the moment, the fundamental background is stable, and no news is expected today except for those that are impossible to predict (comments, rumors, etc.). Before further growth, gold may test the support area and the liquidity hidden behind it. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
20
GOLD → Strong bullish trend. What are the targets?FX:XAUUSD continues to rally on positive fundamentals that emerged at the end of last week. The market is pricing in an almost 100% cut in interest rates, which is weakening the dollar and supporting the metal... Gold is holding close to its record high of $3,600 after extremely weak US employment data for August. This has reinforced expectations of a 25 bp Fed rate cut this month. This week, attention is focused on the release of US inflation data (CPI and PPI). Inflation data in the US will confirm or adjust expectations for Fed policy easing. If inflation remains high, this could delay aggressive rate cuts and cause a correction in gold. For now, the bullish trend continues. Resistance levels: 3615, 3634, 3650 Support levels: 3600, 3578 Technically, a strong bullish trend. Growth may continue after price consolidation above 3614-3615 or after a slight correction to support at 3600 relative to the current local rally. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
38
SOLUSDT → Consolidation before the rally. New high?BINANCE:SOLUSDT continues to form a bullish trend without reacting to market noise. The price is consolidating before a possible rise. Focus on the trigger... Bitcoin previously overcame correction resistance and is consolidating in an intermediate zone in anticipation of a bullish driver, which could generally strengthen positive sentiment in strong altcoins. Against this backdrop, the market may form growth... SOL is consolidating in a symmetrical triangle pattern within an uptrend. Buyers are gaining momentum, and a breakout of the consolidation resistance could trigger continued growth with a subsequent update of the maximum. Resistance levels: 208.5, 212.25, 218.0 Support levels: 201.7, 197.4 Before the breakout and growth, a retest of the 205.0 - 201.7 zone may form, however, a breakout beyond the symmetrical triangle may trigger a spread. Growth targets may be 220, 245. Best regards, R. Linda!
Long
by RLinda
12
ENAUSDT → Attempting a trend change. Focus on 0.700BINANCE:ENAUSDT is forming an attempt to change the trend. The price breaks the descending resistance and forms a new trading range. The focus on the 0.7 support and the bulls' reaction... Bitcoin looks quite positive after breaking the downside resistance, but there is a strong 112K zone ahead and news on Thursday / Friday. If the general backdrop maintains its bullishness, BTC's rise will support strong altcoins and the market could turn green, including the coin discussed in this publication... ENAUSDT breaks through the downtrend resistance. Price is consolidating above the boundary and forming a trading range. The focus is on the 0.7 - 0.683 area. If the bulls keep the price above this area, it will confirm the fact of trend change, which could trigger a rally to 0.7745 - 0.853 Support levels: 0.7, 0.683, 0.668 Resistance levels: 0.736, 0.7745 Technically, there is a possible struggle between market participants for the area 0.7 - 0.668. In this case, I will not consider the return to the channel as a false breakout of the trend, as a strong upward impulse was formed earlier, which generally broke the local market structure. However, based on the technical situation, I will consider entering the position after clear signs of price holding above the key support zone. Regards R. Linda!
Long
by RLinda
4
Bitcoin - Head and Shoulders to 115k - then dump below 105k!Bitcoin is currently corming a bullish reversal head and shoulders pattern! The price is curently near the right shoulder providing us with a great buying opportunity. What is the profit target? This is a very special situation, because we have an unfilled FVG (Fair Value GAP) right above the HaS neckline. I belieave the price could breakout this HaS pattern, but will get stopped by the GAP or by the major swing high above the GAP. A lot of traders have their stop loss orders above this major swing high, so this is where the whales can take liquidity and send it down. After that, we may see a huge dump because it's September and it's statistically the worst performing month for Bitcoin and also for the stock market. This is my short term update on the price of Bitcoin, and my plan for September. I hope you like it! Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Long
by Xanrox
140
USDJPY Trapped In Bearish PatternUSDJPY is already coming down despite the gap higher at the start of the week after Japan’s prime minister announced he will step down. That move proved to be only a short-lived recovery, as the main story remains Fed rate cut expectations, which keep the dollar under pressure. Any gains are short-lived, and looking at the updated wave structure, I still see an ongoing triangle that may retest the lower trendline a few times before eventually breaking lower, possibly later this week or after Thursday’s US inflation data. A break beneath 146.50 would open the way toward 145–144. Grega
Short
by ew-forecast
1
Crypto Market Is Recovering From Support; ALTseason To Resume?Good morning Crypto traders! No major changes in the Crypto market since yesterday, but we can see the Crypto TOTAL market cap chart recovering nicely within wave (C) or (3) as anticipated on September 1st: There may still be room for more upside as the US Dollar Index (DXY) continues to weaken. Since we are still in a risk-on environment, cryptocurrencies could experience a stronger recovery. Moreover, with the ALTcoin dominance chart breaking higher out of consolidation, ALTseason may resume soon. Notice that Crypto TOTAL2 market cap chart, which excludes BTC, is still eyeing all-time highs, so we may see a breakout higher into final wave (5) of 5 soon.
CRYPTOCAP:TOTAL2Long
by ew-forecast
2
GBP/USD Elliott Wave Setup: Correction or Impulsive Wave Ahead?GBP/USD is showing potential to move higher toward the 1.3790 zone. Based on the current market structure, this upward leg could be developing either as part of an ABC corrective wave or as the beginning of an impulsive Wave 3. The distinction will depend on how price action unfolds in the coming sessions. If the rally forms a three-wave structure, it will likely be identified as Wave C within a corrective pattern. Conversely, if momentum accelerates and the structure extends into a five-wave impulsive sequence, it would suggest the market is entering Wave 3, typically the strongest and most directional wave in Elliott Wave theory. Traders should monitor momentum and wave subdivision closely to confirm whether this move is corrective or the start of a larger impulsive trend. #GBPUSD #ElliottWave #ForexAnalysis #Wave3 #ABCcorrection #PriceAction #ForexTrading #FXMarket #TechnicalAnalysis #TradingSetup #ForexForecast #GBPUSDAnalysis #SwingTrading #WaveTheory
by ew_17i
Elliott Wave Analysis: Balkrishna Industries LimitedHello friends, Welcome to RK_Chaarts, We're analyzing the chart of Balkrishna Industries Limited from the perspective of Elliott Waves. Here's what we've observed: we've completed Primary Degree Wave ((3)) in Black at the peak of August 2024. Following that, we've witnessed a complete bearish and sideways movement, culminating in the low of April 7, 2025, which marks the end of Primary Degree Wave ((4)) in Black. We've now initiated Wave ((5)) in Black, which should unfold as five Intermediate Degree subdivisions (1) to (5) in Blue. Furthermore, within Wave (1), we should see 1,2,3,4,& 5 Minor Degree subdivisions in Red. As we can see, we've marked Red Wave 1 as complete, and Red Wave 2 is almost complete. According to Elliott Wave Theory, Wave 2 has retraced less than 100% of Wave 1, which is a valid point. Our invalidation level will be the low of Wave ((4)) in Black at 2150. Since April 7, the price has made an impulsive move upwards, forming a high on May 9, 2025. We've labeled this as Minor Degree Wave 1 (in red). Within Wave 1, we've identified a lower degree, Minute Degree (in black), with subdivisions ((i))-((ii))-((iii))-((iv)) & ((v)). Following Wave 1, a corrective move has unfolded in a 3-3-5 structure, specifically a flat correction. We've labeled this as Wave 2. If the price doesn't break below the low of Wave ((4)) (2150), and instead forms a higher high, it will increase the likelihood that our wave count is correct. However, if the price makes a lower low, it will introduce a doubtful scenario. We've observed that Primary Degree Wave ((3)) in Black, which we identified at the top, has led to a corrective fall in Wave ((4)) in Black. Within Wave ((4)), we've labeled an Intermediate Degree (W)(X)(Y) correction (in blue) with subdivisions. This can be classified as a Double Three pattern. Furthermore, within the (W) correction, we've identified another Minor Degree WXY pattern, and within the (X) wave, another WXY pattern. The (Y) wave has an ABC minor pattern. Additionally, we've noticed a slanting resistance trend line, which has been broken with the arrival of Wave 1. Given the significant decline in price, market sentiments have likely contributed to the unfolding corrective structure. If the price forms a higher high, it will increase the likelihood that our potential Elliott Wave count is correct. Elliott Wave analysis is always like solving a puzzle, requiring us to unfold the structure and make educated guesses about the emerging pattern. If the price breaks below the Wave ((4)) low 2150, our wave count will likely change. Until the price remains above this invalidation level, we'll continue to follow this wave count. If the price crosses the Wave 1 high, we'll have full confidence in this wave count. In this study, we've applied Elliott wave theoretical structures to identify a potential scenario. However, markets can be unpredictable and may surprise us at any time, leading to new scenarios emerging. The information, chart, and study shared in this post are solely for educational purposes. Our goal is to demonstrate how we plot market movements and make informed forecasting about future trends using Elliott Wave theory. If our predictions prove accurate, we can refine our wave counts accordingly. Conversely, if our predictions are incorrect, we will need to adjust our wave counts. Please note that this analysis is not investment advice, and you should always consult with a financial expert before making any investment decisions. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:BALKRISIND
by RK_Chaarts
8
Delayed 10k - ETH weekly update Sep 8 - 14thEthereum currently presents a very unclear picture — on one hand, it could be a fantastic buying opportunity, while on the other, it could also lead to significant losses. One possible interpretation is that Cycle Wave 3 has already completed and we are now in Cycle Wave 4, which may even have ended with a completed Double Three structure. Alternatively, this could still be Intermediate Wave 4, which should soon transition into Intermediate Wave 5. Overall, the situation remains highly complex. The order book shows substantial clusters of orders above, particularly around the $5k level, as well as below, just under the local low. While orders act as magnets for price, it is not uncommon for reversals to occur right before hitting such clusters. The liquidation heatmap shows more liquidity below, around $4k, than above, leaving the liquidity bias overall neutral. Derivative data indicates that funding rates, which had been fluctuating between slightly positive and negative, have now returned to normal positive levels. Open interest remains stagnant. From this perspective, the bias leans slightly bullish. The next two weeks will be crucial for the crypto market and the potential onset of an alt-season. Several key economic data releases are scheduled this week, which could impact next week’s interest rate decision. Importantly, such a rate cut may well turn into a “sell the news” event. Already today, many altcoins (excluding Ethereum) are rallying, and dominance in both Bitcoin and Ethereum is declining, suggesting that capital is flowing out of the two giants into smaller altcoins. At the same time, flows into Bitcoin and Ethereum ETFs are stagnating, while the Solana ETF continues to grow. We are entering the decisive phase — there is a lot of money to be made, but even more to be lost without proper risk management. Stick to the plan and stay disciplined.
BINANCE:ETHUSDLong
by Phillipklh
Gold Roadmap | Short termGold ( OANDA:XAUUSD ) created a new All-Time High(ATH) almost every day this week. How long do you think this upward trend in Gold will continue? Reasons for Gold's upward trend this week: Announcement of the US economic indexes. Geopolitical issues that occurred in the world(China meeting, possible tension between Venezuela and the US, etc.) Gold is currently moving between the Potential Reversal Zone(PRZ) and the Support zone($3,580-$3,572) . In terms of Elliott Wave theory , Gold appears to be completing microwave 5 of the main wave 3 . I expect Gold to start rising again from the Fibonacci levels and touch the Potential Reversal Zone(PRZ) . Note: If Gold breaks the Support zone($3,580-$3,572) and Support lines, we can expect further declines. Gold Analyze (XAUUSD), 15-minute 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; 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.
OANDA:XAUUSDLong
by pejman_zwin
17