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Elliott Wave

BTCUSDT – Diametric G-Leg Underway?⏱ Timeframe: 4H / 1H 🔍 Method: NeoWave + Smart Money Concepts (SMC) 📍Posted by: CryptoPilot ⸻ 🧠 NeoWave Progression Update As outlined in our previous analysis, we are tracking a potential Contracting Diametric structure (A–G) originating from the March 2025 highs. 🚨 The G-Leg may now be actively unfolding. Here’s what just happened: • Price rejected sharply from the supply zone near 119,000–119,500, exactly where Wave F was expected to end. • After a drop to 115,780 (minor trendline), price bounced, but failed to make a new high, stalling at 118,700, forming a lower high → classic signature of a developing G-Leg. • This G-wave likely aims to break below Wave E low, seeking imbalance fills and structural resets. ⸻ 📊 Smart Money Confluence (SMC / ICT) • 🟥 Bearish Market Structure confirmed via MSS on 1H: Lower Highs + Internal BOS • 🟨 Buy-side Liquidity above 120k was already swept • 🔻 Price failed to reclaim OB block around 119.5k • 🧩 FVGs remain open between 114.5k–113k, acting as magnet zones • 📉 Expectation: Price may now break the ascending minor trendline and accelerate toward the major structure low 📌 Primary Scenario: • Wave G of Diametric in motion • Potential structure: Zigzag or Complex Combination • Expectation: Bearish continuation to break below 113k 📌 Alternative Scenario: • If price closes above 120.5k, diametric structure may be invalidated • Watch for triangle/flat development instead ⸻ ⚠️ Risk Management Note: Price action near 118.7k–119.5k is crucial. Reclaiming that zone with strength changes the bias. Until then, sellers remain in control. 💬 Final Thought: We’re tracking the final stages of a multi-month complex correction. The rejection at supply, combined with SMC signals and NeoWave symmetry, suggests sellers may push price into deeper demand zones soon. ⸻ 📌 Follow CryptoPilot for advanced wave structure updates, market geometry insights, and ICT-style smart money traps. 💬 Share your views or alternate wave counts in the comments!
Short
by CryptoPilot
Gold (XAUUSD) – H1 Wave 5 in Progress | Bearish Setup Building📉 Gold (XAUUSD) – H1 Wave 5 in Progress | Bearish Setup Building 🕐 Timeframe: H1 🔍 Strategy: Elliott Wave + Support/Resistance + AO Divergence The market has likely initiated Wave 5 on the H1 timeframe following a clean 5-wave structure. We’re now watching for the internal corrective Wave 4 of Wave 5 to complete. 📌 Key Zone to Watch: Fibonacci Level 2.618 lines up with a previous support-turned-resistance zone — a high-probability reversal area. Awesome Oscillator (AO) shows convergence, signaling weakening bullish momentum. 🔧 Execution Plan: Waiting for M15 break of structure to confirm the end of the corrective sub-wave. Will look to enter sell on confirmation of bearish continuation. 🎯 Target Zone: The shaded green area below marks a strong support zone — potential TP area for Wave 5 completion.
TVC:GOLDShort
by AwesomeOscDad
#Nifty directions and levels for July 31st:Good morning, friends! 🌞 Here are the market directions and levels for July 31st: In the past two sessions, the global market (based on Dow Jones) has shown a moderately bearish sentiment, while the local market continues to reflect a bearish tone. Today, Gift Nifty indicates a gap-down opening of around 160 points (as per the chart). What can we expect today? In the previous session, both Nifty and Bank Nifty went through consolidation. Structurally, we are still in a bearish tone, and with Gift Nifty indicating a gap-down start, if the market breaks the immediate support levels with a solid candle, we can expect further correction. On the other hand, if it finds support there, then the range-bound movement is likely to continue. Which means, if the initial market takes a pullback, we can expect consolidation within the previous day’s range.
NSE:NIFTY
by Manickamtraders
2
#Banknifty directions and levels for July 31st: What can we expect today? In the previous session, both Nifty and Bank Nifty went through consolidation. Structurally, we are still in a bearish tone, and with Gift Nifty indicating a gap-down start, if the market breaks the immediate support levels with a solid candle, we can expect further correction. On the other hand, if it finds support there, then the range-bound movement is likely to continue. Which means, if the initial market takes a pullback, we can expect consolidation within the previous day’s range.
NSE:BANKNIFTY
by Manickamtraders
BITCOIN → Correction within a downward channel. 112K or 125K?BINANCE:BTCUSDT is consolidating. However, a local downward trading range is forming relative to the current setup. What is the probability of a correction continuing to 112K or growth to 125K? Daily structure: a local correctional channel within a global bullish trend. We have cascading resistance at 119.2, 119.6, 120, and 120.8. It will be quite difficult to break through this zone on the first attempt, but MM can use it to form traps and collect liquidity. At the bottom, everything is simpler — a breakdown of the local bullish structure, the formation of an intermediate minimum, below which there is a void down to 112K. Yesterday, relative to 115-116K, mm staged a massacre (trap) on both sides of the market. Liquidity collection, return to the range, and growth. The reaction to the false breakdown of support is quite strong. Since the opening of the session, Bitcoin has been heading towards resistance, but there may not be enough potential to break through the upper resistance conglomerate, so I expect to see a pullback or decline to 116-115-114. Resistance levels: 119.2, 120.1, 120.85 Support levels: 116.37, 115.67, 112 Technically and fundamentally, I do not see any drivers that could support the market (I am talking about Bitcoin, since the driver for altcoins is the decline in Bitcoin's dominance). It is possible that this may appear later. In the current situation, I am considering a false breakout and correction, as the market has not yet finished consolidating or correcting, and the current downward trading range may be extended. PS: As the price moves towards resistance, it is necessary to monitor the reaction. The market itself will show what it is preparing for... Best regards, R. Linda!
Short
by RLinda
30
NIKE Confirms A Bullish Reversal With An Impulsive RecoveryWe talked about Nike on July 10 with our members, where we mentioned and highlighted a completed higher degree ABC correction in wave IV on the monthly and weekly charts. Today we want to represent a closer view, as we see a five-wave impulsive recovery away from the lows on a daily chart. It actually confirms the bottom and bullish reversal, but since it can be trading in 5th wave that can stop around 80-85 area, we should be aware of a three-wave corrective setback soon. It can slow down the price back to the open GAP, so ideal buy zone is in the 70-60 area. Invalidation level is at 52. Highlights: Direction: Up, but watch out for a correction Structure: Impulse, Wave 5 in final stages Support: 70 / 60
NYSE:NKELong
by ew-forecast
XAU/USD – Endphase der Circle Wave 1 & Vorbereitung auf die KorrOANDA:XAUUSD We are currently in the final stages of the yellow (Circle) Wave 1 on Gold. We have just completed wave 4. How do I identify wave 4? Simple: 📏 I drew a trendline, and once that trendline was broken, the trend of wave 3 was considered complete. However, we’ve now made a new low, which broke the low of wave 3 — this could very well be our wave A of wave 4 ⚠️. I’m expecting one more final low, potentially around 3252, or even as low as 3200. But personally, I lean towards ~3252 as the likely target 🎯. After that, we should see a move upward into the yellow Fibonacci zone of wave 2 🟡. The path from Circle 1 to Circle 2 will likely unfold as a corrective A-B-C structure to the upside 🔁. Following that, we hopefully get a clean five-wave impulse into our (Circle) Wave 3 🚀.
OANDA:XAUUSDShort
by ElliotXSolana
White House Crypto Report Incoming: Will BTC Pump from Support? One of the important news for Bitcoin ( BINANCE:BTCUSDT ) that was released today was that " White House confirms first Bitcoin and crypto report will be released TOMORROW ". Bitcoin is likely to rise with the release of the White House report . What do you think? At least a temporary pump may be in store for Bitcoin. Bitcoin fell to the Support zone($116,900-$115,730) and filled the New CME Gap( $119,500-$118,295) as I expected in the previous idea . Bitcoin is currently moving near the Support zone($116,900-$115,730) , Cumulative Long Liquidation Leverage($116,828-$115,710) and Potential Reversal Zone(PRZ) . I expect Bitcoin to rise from the Support zone($116,900-$115,730) to at least $118,680(First Taregt) . Second target: Upper line of the descending channel Note: Stop Loss: $114,680 = Worst Stop Loss(SL) CME Gap: $115,060-$114,947 Cumulative Short Liquidation Leverage: $118,827-$118,298 Cumulative Short Liquidation Leverage: $120,144-$119,200 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-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
19
GOLD → False breakdown 3310. Consolidation ahead of news...FX:XAUUSD is forming a false breakdown of support at 3310, thereby confirming the boundaries of the trading range. The dollar is testing strong resistance within the global downtrend. And in the near future, we can expect more economic news... Gold is trading below the key resistance level of $3345, remaining in a narrow range ahead of the Fed's decision and US GDP data for Q2. Weak data could reinforce expectations of a rate cut and support gold, while strong data would strengthen the dollar. The Fed is likely to keep rates at 4.25–4.5%, with markets pricing in a 64% chance of a 25 bps cut in September. Investors are waiting for signals from Jerome Powell, with a possible split within the Fed: some members may support calls for easing, which would be a driver for gold. Technically, the situation on D1 is quite interesting. Gold is still below the previously broken trend resistance, but there is no continuation of the momentum. Buyers are reacting to support at 3310, but the market is stagnating due to uncertainty ahead of the news... Resistance levels: 3345, 3375 Support levels: 3320, 3310, 3287 Thus, from a technical analysis perspective, I expect a retest of 3345, followed by a pullback to support at 3320, from which gold could move higher (if the bulls take the initiative), but if 3320 breaks and 3310 comes under pressure, gold could test 3287. Again, the emphasis is on trend support (the upward line) in the 3335-33450 zone. If the price can consolidate in this zone, we will have confirmation that the price has returned to the boundaries of the upward trend. Best regards, R. Linda!
FX:XAUUSD
by RLinda
17
USDCHF → The resistance retest ended with a false breakoutFX:USDCHF tested resistance at 0.805 - 0.806 and formed a false breakout without the possibility of continuing growth. The global trend is downward... Against the backdrop of the dollar's growth (reaction to news), the currency pair also moved to distribution to 0.8050. The price failed to break through resistance, forming a false breakout. USDCHF is consolidating below resistance, and a breakdown of the local structure could trigger a decline. The dollar index is also facing fairly strong resistance and may continue its downward trend, which will also affect the decline in the USDCHF price. Resistance levels: 0.805, 0.806, 0.81 Support levels: 0.800, 0.794, 0.791 If, within the current consolidation, the price begins to fall and break the local structure, then we can expect the decline to continue towards the specified targets! Best regards, R. Linda!
Short
by RLinda
4
GBPUSD Elliott Wave Insight Bounce Should Fail Into Support ZoneThe GBPUSD is trading in higher high sequence from 9.22.2022 low in weekly. The bounce is corrective Elliott Wave sequence & expect further upside. It favors pullback in proposed 7 swings from 7.01.2025 high & extend into 1.3162 – 1.2898 area, while below 7.23.2025 high. It should find buyers into extreme area for next leg higher in daily or at least 3 swings bounce. In 4-hour, it started correcting lower from 7.01.2025 high. It ended W at 1.3362 low of 7.16.2025 & X at 1.3589 high of 7.23.2025 each in 3 swings. Below X high, it favors downside in Y in 3 swings as it broke below 7.16.2025 low, expecting into extreme area. Within W, it ended ((a)) at 1.3523 low, ((b)) at 1.3620 high & ((c)) at 1.3362 low. Above there, it placed ((a)) at 1.3486 high, ((b)) at 1.3371 low & ((c)) as X connector at 1.3589 high. The double correction unfolds in 3-3-3 structure, which will complete, when current bounce fails below 7.23.2025 high to new low into extreme area. It ended ((a)) of Y into 0.618 – 0.764 Fibonacci extension area of W & expect 3 or 7 swings bounce in ((b)). Below X high, it placed ((a)) of Y at 1.3305 low & favors bounce in ((b)) in 3 or 7 swings against 7.23.2025 high. Within ((a)), it ended (i) at 1.3528 low, (ii) at 1.3563 high, (iii) at 1.3413 low, (iv) at 1.3543 high & (v) at 1.3305 low. Above there, it favors bounce in (a) of ((b)) and expect small upside before it should pullback in (b). The next pullback in (b) should stay above 1.3305 low choppy price action before continue upside in (c). Ideally, ((b)) can bounce between 1.3413 – 1.3481 area as 0.382 – 0.618 Fibonacci retracement of ((a)) before continuing lower. Wave ((b)) bounce expect to fail below 1.3591 high before extending lower in ((c)) into 1.3162 – 1.2898 to finish double correction. Because of higher high in daily since September-2022 low, it should find buyers in extreme area to resume higher. It expects sideways to higher until FOMC event followed by selloff, while bounce fail below 7.23.2025 high. We like to buy the pullback into extreme area for next leg higher or at least 3 swings reaction.
by Elliottwave-Forecast
#Banknifty directions and levels for July 30th: What can we expect today? In the previous session, both Nifty and Bank Nifty took a solid pullback after the gap-down start. However, neither of them broke the 38% Fibonacci level in the current swing. So, unless the 38% level is broken, we should continue to approach the market with a bearish view. At the same time, key parameters have been lagging recently, which has made it difficult for the market to take a clear direction. My primary expectation is consolidation within the previous day's range. However, if the market breaks the bottom with a solid structure, then we can expect the correction to continue.
NSE:BANKNIFTY
by Manickamtraders