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Elliott Wave

$IREN More downside after huge rally!NASDAQ:IREN is printing bearish divergence on the daily RSI at all tie high resistance. An Elliot wave motif wave appears complete and wave looks underway with a shallow target of the daily pivot, 0.382 Fibonacci retracement and ascending daily 200EMA. The daily red wick after printing a 20% start to the day is reminiscent of a blow off top in this asset trapping newbs with FOMO price discovery pump. Market behaviour in action! Analysis is invalidated if price returns to all time high. Safe trading
NASDAQ:IREN
by Maddox_Metrics
$FET local ending Diagonal and wave 2 near completion?NYSE:FET was rejected for the 4th time at the daily 200EMA! Each time the probability of a breakout increases. I have adjusted the High Volume Nodes for accuracy. Locally Fetch appears to have completed a motif wave up with an ending diagonal for wave 5. Wave 2 is expected to find support at the daily pivot and .618 Fibonacci retracement before attempting a breakout of the daily 200EMA once more. A move below wave II will invalidate this analysis. Safe trading
COINBASE:FETUSD
by Maddox_Metrics
$ETH Hit Our Targets and was rejectedCRYPTOCAP:ETH hit our signal take profit target at $3820 and was rejected at the High Volume Node EQ to the penny. That appears to have completed wave 3 of this motif wave. Wave 4 has an expected target of the R2 daily pivot and 0.236-0.382 Fibonacci retracement, $3260 before continuing to the upside in wave 5 with a target of the all time high. This aligns with my views of a significant pullback at the end of August and September which is typical after a summer rally. No divergences yet in daily RSI. Safe trading
COINBASE:ETHUSD
by Maddox_Metrics
$COIN Wave 4 pullback?NASDAQ:COIN had a tremendous run, a text book Elliot wave 3 but has confirmed bearish divergence on the daily RSI. The trend is strong so wave 4 could be shallow, only reaching the previous all time high, High Volume Node and 0.236 Fibonacci retracement and daily pivot point between $322-345 Further decline brings up the High Volume Node support at 0.382 Fib retracement and ascending daily 200EMA! Also a highly probable scenario! Long term outlook remains around $600 target Safe trading.
NASDAQ:COIN
by Maddox_Metrics
$BTC Wave (b) triangle?CRYPTOCAP:BTC Bitcoin appears to have competed wave 3 up, wave (a) down and now finishing a triangle in wave (b) which would result in a thrust down to around $113k before continuing to the upside in wave (5). There is slight bullish divergence on daily RSI and wave (4) meets the Fibonacci retracement rules of between 0.236 - 0.382 adding confluence. Previous all time high is expected to be tested as support on a larger correction, perhaps when the ascending daily 200EMA creeps up to the same level after we blow off. Safe trading
BITSTAMP:BTCUSD
by Maddox_Metrics
AUDUSD Elliott Wave Outlook: Impulse Pattern Approaching To EndThe AUDUSD pair is showing higher high from 4.09.2025 low, expecting rally to continue from 5.12.2025 low. It favors zigzag corrective bounce from April-2025 low & should continue rally against 0.6451 low. In daily, it started corrective bounce from 4.09.2025 low & may extend towards 0.6720 – 0.6955 area in next few weeks. Above 4.09.2025 low, it ended (A) at 0.6515 high of 5.06.2025, (B) at 0.6354 low of 5.12.2025 & favors upside in (C). Ideally, (C) can extend towards 0.6955 or higher levels, while pullback holds above 5.12.2025 low. Within (C), it placed 1 at 0.6595 high, 2 at 0.6451 low in corrective pullback & favors upside in 3. Within 1, it ended ((i)) at 0.6552 high, ((ii)) at 0.6369 low, ((iii)) at 0.6590 high, ((iv)) at 0.6451 low & ((v)) at 0.6595 high in overlapping diagonal. Below 1 high, it ended 2 in zigzag correction at extreme area before resume rally in 3. It placed ((a)) of 2 at 0.6492 low in 5 swings, ((b)) at 0.6554 high & ((c)) at 0.6451 low in 5 swings. Wave 2 pullback ended at 0.618 Fibonacci retracement of 1. Within 3, it favors impulse in ((i)) started from 7.17.2025 low. It placed (i) of ((i)) at 0.6540 high, (ii) at 0.6495 low, (iii) at 0.6601 high, (iv) at 0.6576 low & favor upside in (v) targeting in to 0.6606 – 0.6637 area to finish it. It already reached minimum area, but can see more upside above 0.6593 low. Alternatively, the current move even can be (iii) of ((i)) followed by small pullback in (iv) & higher in (v). Later, it expects ((ii)) to correct in 3, 7 or 11 swings against 7.17.2025 low & find support from extreme area to continue rally. Wave 3 should extend in to 0.6692 – 0.6841 area in 5 swings before correcting in 4 of (C). We like to buy the pullback in 3, 7 or 11 swings at extreme area against 7.17.2025 low.
by Elliottwave-Forecast
#nifty directions and levels for July 24Good morning, friends! 🌞 Here are the market directions and levels for July 24th: The global market is showing a moderately bullish sentiment. Meanwhile, the local market is also exhibiting a moderately bullish tone. Today, Gift Nifty indicates a gap-up opening of around 60 points. What can we expect today? In the previous session, both Nifty and Bank Nifty took a solid pullback. At the same time, the open interest also shifted to the bullish side. So, if the gap-up sustains, we can expect the pullback continuation. Also, as it’s a new moon day(for south), some volatility can be expected. Let’s look at the charts: Current View: The current view suggests that, as mentioned above, if the gap-up sustains, we can expect a rally continuation with some consolidation. In this case, the parameters are showing slight strength, so the rejection zone may act just around the minor resistance. Alternate View: The alternate view suggests that if the gap-up does not sustain or if the market rejects near immediate resistance with a solid reversal, then we can expect a minor correction of around 23% to 38%. However, unless the market breaks below the 38% level, we cannot confirm a reversal into a bearish trend.
NSE:NIFTY
by Manickamtraders
7
#Banknifty directions and levels for July 24Current View: The current view suggests that, as mentioned above, if the gap-up sustains, we can expect a rally continuation with some consolidation. In this case, the parameters are showing slight strength, so the rejection zone may act just around the minor resistance. Alternate View: The alternate view suggests that if the gap-up does not sustain or if the market rejects near immediate resistance with a solid reversal, then we can expect a minor correction of around 23% to 38%. However, unless the market breaks below the 38% level, we cannot confirm a reversal into a bearish trend.
NSE:BANKNIFTY
by Manickamtraders
FTSE 100 Wave Analysis – 23 July 2025- FTSE 100 broke resistance level 9030.00 - Likely to rise to resistance level 9200.00 FTSE 100 Index recently broke above the resistance level 9030.00, which stopped the previous minor impulse wave 1 at the start of July. The breakout of the resistance level 9030.00 continues the active minor impulse wave 3 – which belongs to the intermediate impulse wave (3) from the end of July. Given the clear daily uptrend, FTSE 100 Index can be expected to rise to the next resistance level 9200.00 (target price for the completion of the active impulse wave 3).
GOMARKETS:FTSE100Long
by FxProGlobal
ETH - 5500 USD in the short-term (Banks and states buying!)ETH is pumping, and altcoins with it. That means we are in an alt season, which I predicted in the previous post here on July 9, before the pump: ETH is part of the USA crypto reserve, and banks also love this altcoin. The ETH ETF was launched, and the big players already count this coin as the future of the crypto industry. So if you are a Bitcoin maximalist, you have to convince the rulers of this world to stop buying ETH. But we are here to make money; we don't care about the crypto technology, which is too restricting anyways. Worse than paper money or fiat or gold. Let's be honest, if there were no charts and no trading on cryptocurrency, no one would even talk about it, and the government would silently integrate this technology. So I am very bullish on ETH in the short term, because the price is inside this ascending channel and is breaking out with strong bullish momentum. Of course you don't want to buy the top and sell the low. We are somewhere in the middle, so if you buy now, sell at 5500 USDT. This is where the market will most likely stop for a long time before going higher. We are in an alt season because BTC.D is going down! That means some altcoins can 10x or 50x in the next weeks. This is very important - 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
127
Short Opportunity on GBPUSD – Technical & Fundamentals AlignToday I want to look at the Short position opportunity in GBPUSD ( FX:GBPUSD ). So let's take a look at the GBPUSD pair from a fundamental and technical perspective. Fundamental Analysis: The British Pound remains under pressure due to growing expectations of a 25–50 bps rate cut by the Bank of England in early August. Markets are increasingly leaning toward easing as UK inflation hit 3.6% in June, the highest in over a year, while economic growth weakened and consumer confidence dropped to its lowest since early 2024 Ongoing fiscal concerns, including potential tax hikes and budget instability, continue to weigh on the pound. In contrast, the US Dollar( TVC:DXY ) remains relatively robust—supported by strong economic data and a safe-haven preference amid global uncertainty Summary: BoE easing becomes more likely due to weak UK data and inflation. Fiscal risks and low consumer sentiment add downward pressure on GBP. USD strength from solid data and safe-haven demand supports further GBPUSD downside. ------------------------- In terms of technical analysis , in the 1-hour timeframe , GBPUSD is approaching the Resistance zone($1.356-$1.350) , the Potential Reversal Zone(PRZ) , and the 50_SMA(Daily) . Meanwhile, this return to Important Support lines could act as a pullback to these lines. Important support lines and 50_SMA(Daily) were broken last week. In terms of Elliott Wave theory , GBPUSD appears to be completing a main wave 4 . Main wave 4 is likely to have a Zigzag Correction(ABC/5-3-5) . I expect GBPUSD to start declining from the Potential Reversal Zone(PRZ) and reach the targets I have marked on the chart. Note: Stop Loss(SL): 1.3575USD = Worst Stop Loss(SL) Please respect each other's ideas and express them politely if you agree or disagree. British Pound / U.S Dollar Analysis (GBPUSD), 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.
Short
by pejman_zwin
19