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Elliott Wave

Next impulsive wave up for goldHi traders, Since my last post gold made a correction up and one more move down just as I've said in my previous outlook. It turned out that wave E was quite impulsive. After the finish of the correction in the Daily bullish FVG I knew we could see the next impulsive wave up. So next week the upmove could continue to a new ATH. Let's see what price does and react. Trade idea: Wait for a small correction down on a lower timeframe and a change in orderflow to bullish to trade longs. NOTE: The next three weeks I'm on holiday so I will not post any outlooks publicly. If you want to learn more about trading FVG's & liquidity sweeps with wave analysis, please make sure to follow me. This shared post is only my point of view on what could be the next move in this pair based on my technical analysis. Don't be emotional, just trade your plan! Eduwave
OANDA:XAUUSDLong
by EduwaveTrading
Impulse wave up for SPX500USDHi traders, Since my last post SPX500USD made a sharp correction (wave 4) and after that it went up again making ATH's. Last week it made a correction (Flat). So next week after the finish of the c-wave of the correction, we could see the next impulsive wave up. Let's see what the market does and react. Trade idea: Wait for a small pullback and a change in orderflow to bullish on a lower timeframe to trade longs when the correction is finished. If you want to learn more about trading FVG's & liquidity sweeps with Wave analysis, then please make sure to follow me. This shared post is only my point of view on what could be the next move in this pair based on my technical analysis. Don't be emotional, just trade your plan! Eduwave
OANDA:SPX500USDLong
by EduwaveTrading
Impulse wave up for EUHi traders, I'm back from holiday and ready to post the Weekly outlooks again. So EU made a bigger (red) Wave 4 correction, after that it made a leading diagonal up and last week EU swept previous week low (finished the correction) and went up again. We could see the next impulsive move up now. So next week we could see price go higher to finish (red) wave 5. Let's see what the market does and react. Trade idea: Wait for the finish of a correction down and a change in orderflow to bullish on a lower time frame to trade longs. If you want to learn more about trading with FVG's, liquidity sweeps and Wave analysis, then make sure to follow me. This shared post is only my point of view on what could be the next move in this pair based on my technical analysis. Don't be emotional, just trade your plan! Eduwave
Long
by EduwaveTrading
Time to decide - MANA weekly update Aug 30 - 5thDecentraland remains in Intermediate Wave 3, currently unfolding within Minor Wave 2. This corrective phase has been very complex, taking the form of a Triple Three. The overall structure consists of two Flats combined with either a Triangle or a ZigZag. While it is still too early to confirm, I consider the ZigZag scenario more likely, given the impulsive character the price has shown recently. An alternative scenario would be that we are still within Intermediate Wave 2, in which case deeper downside remains possible. The order book is relatively thin, with only small clusters of orders visible. Meanwhile, the liquidity heatmap shows significant liquidity both above the high of the recently formed Wave b as well as above the Wave b of y. Derivative data remains stable, with funding rates and open interest both holding at normal levels. Taken together, the data suggests a stable base for an upcoming rally into the “third of the third of the third” — a highly dynamic phase of the Elliott cycle. It is crucial that price does not break below the low marked by the dashed line. On the upside, confirmation would come from a breakout above the high of Wave 1, as indicated by the green path.
COINBASE:MANAUSDLong
by Phillipklh
Can PEPE make a new ATH?!PEPE came out during the APR-2023 Bear Market and was an instant hit meme in the community. PEPE has already made a +5000% gain from its inception to current price point of 0.00000991. PEPE is currently in a ' symmetrical triangle ' which is typically regarded as a neutral pattern with price consolidation currently in process. I believe that PEPE is in its final wave (5) count for the finale for Alt season. Once we see further liquidity come through via ETH|USD and ETH.D, we should see the likes of DOGE pump followed by other memes like Pepe to follow as well. Keep an open mind that Pepe is also presenting declining volume which is a sign that it's likely to be in its final phase of the bull market. Key Take Profit Targets: 0.000002855 (Potential for a 'double top') 0.000003765 (Likely ending as it would be a ~275% pump from current price) 0.000005495 (moonshot)
Long
by Migoreng_wrap
MARA Holding Tight!NASDAQ:MARA continues to lag behind the small cap Miners. It is attempting to break through the weekly 200EMA once more after the rejection from the weekly pivot and High Volume Node (HVN) resistance I warned about. My long term outlook remains up in Elliot wave 3 towards the R% weekly pivot at $66. The golden pocket and HVN support of the local retracement has yet to be tested as resistance which acts like a magnet for price. RSI remains at the EQ and price remains just below the channel EQ. Safe trading
NASDAQ:MARA
by Maddox_Metrics
$ETH Did The Poke Above All Time High!As I said in my last update it would be unusual to complete the Elliot wave motif wave without a poke above all time high first and we got that this week adding confluence to an expected retracement ahead in wave 2. Poke above all time high shows long term strength. Weekly RSI has bearish divergence from the wave 3 top in overbought territory. Initial target is the (4) bottom and weekly pivot point at $3200 followed by $2800 High Volume Node and then the weekly 200EMA, S1 pivot and High Volume Node support at $2250. I will look out for longs in these areas. Analysis is invalidated if proceed into price discovery. Safe trading
COINBASE:ETHUSD
by Maddox_Metrics
BNB Retracement Ahead?CRYPTOCAP:BNB wave 5 looks complete at the weekly R1 pivot. RSI continues to print weekly bearish divergence from the wave 3 high. Wave IV was a difficult count but appears to be a triangle which is a final pattern before the terminal move. Wave 2 retracement target usually ends at the bottom of wave 4 so $90 in this case which also finds confluence with 0.382 Fibonacci retracement and a swing below the weekly pivot, a good long signal. Analysis is invalidated if we continue into price discovery. Safe trading
BINANCE:BNBUSD
by Maddox_Metrics
GOLD → Retest 3400 before the news. Will there be a rally?FX:XAUUSD is pulling back slightly after hitting a new high of 3423. The trend is bullish, and on the D1 chart we see a breakout of a symmetrical triangle, which generally hints at bullish potential. Gold is correcting after rising to $3423 in anticipation of US PCE inflation data. Key factors: Doubts about the Fed's independence are limiting the USD's strengthening. Soft Fed rhetoric: Board member Waller supported a rate cut in September and further easing. The probability of a September rate cut is estimated at 87%. Today's news: Core PCE inflation data (forecast: 2.6% y/y). If below forecast → increased expectations for policy easing → support for gold If above forecast → dollar strength → gold correction Short-term gold dynamics depend on inflation data and its impact on Fed rate expectations Support levels: 3405, 3394, 3386.5 Resistance levels: 3415, 3423, 3433 As part of the correction, the price may test liquidity zones and enter a consolidation phase ahead of the news. However, the market is one step away from distribution (exit from a symmetrical triangle). If the bulls keep the price above 3400 as part of the correction, we will have a good chance to catch the rally... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
19
MR.DIY Chart Check: Bullish Wave Structure with Cloud SupportMR.DIY is riding a bullish wave, supported by both Elliott Wave structure and Ichimoku signals. Price action suggests a developing Wave iii, with strong momentum above the cloud—confirming trend strength. The Tenkan-sen and Kijun-sen crossover adds bullish conviction, while the Chikou Span remains above price, reinforcing upward bias. As long as price holds above the cloud base, the bullish count remains valid. Invalidation sits below MYR 1.51. Eyes on a potential breakout if Wave iii extends.
MYX:MRDIYLong
by Wave_Navigator