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Elliott Wave

GOLD → Consolidation in the ATH zone. Risk zone...FX:XAUUSD hit a new all-time high of around $3,550 as investors worldwide rushed to safe-haven assets. As prices rise, the risk of profit-taking increases, especially with news coming up... The key driver is the crisis in the bond market: long-term government bond yields are rising sharply in the UK and Japan. This is boosting demand for gold as a safe haven. We should also not forget about expectations of Fed easing: weak employment data could increase bets on a rate cut in September. However, strong US employment data (starting with JOLTS today) could support the USD and limit gold's growth. Correction: Record levels could trigger profit-taking, especially given that the price has come a long way since the last pullback, rising nearly 6% (7 days of growth). Key factor: US labor market data (JOLTS today, NFP on Friday). Weak figures will strengthen gold, strong ones may cause a correction. Resistance levels: 3546, 3550, 3575 Support levels: 3526, 3508, 3500 Technically, a retest of resistance at 3342-2246 could lead to a breakout and further growth. However, since the price has stopped updating its highs locally, I do not rule out the possibility of a retest of support at 3529-3526 before further growth. However, a weak reaction to support could lead to the formation of a pre-breakdown base, and a breakdown of support could trigger a decline to 3500. Best regards, R. Linda!
FX:XAUUSD
by RLinda
23
VIRTUAL/USDT — Elliott Wave + Fibonacci Roadmap (1D) # Virtuals Protocol / USDT (MEXC) — Daily ## Bullish divergence at Wave ⑤ of C into the 0.5–0.786 pocket → building a 1–2 base for upside (targets 6.33 / 9.79 / 19.80) **Timeframe:** 1D | **Exchange:** MEXC ### Summary * Daily **A–B–C** correction looks **complete/near-complete**: sub-wave **C** subdivides into **5 down** with price making a **lower low** while momentum makes a **higher low** → **bullish divergence** between **③ and ⑤** at the bottom. * Price is testing the **retracement box**: **0.5 ≈ 1.0311**, **0.618 ≈ 0.8299**, **0.786 ≈ 0.6093**. * Base case: this area finalizes **Wave 2** → next is **impulsive Wave 3** up if lows hold. * **Macro extensions from the chart:** **1.000 = 6.3306**, **1.236 = 9.7859**, **1.618 = 19.8044**. * **Cycle invalidation:** take out the labeled **Low 0.4110** → 1–2 thesis off. ### Why I’m bullish here 1. **Structure:** Clear **5-down into C** with the **⑤ tag at the low** inside your yellow box → textbook terminal action for a corrective wave. 2. **Momentum:** MACD/oscillator prints **higher low** while price makes a marginal **lower low** from sub-wave **③ → ⑤** → **bullish divergence** right at support. 3. **Location:** Reversal attempt begins **inside the 0.5–0.786 retrace band** (≈ **1.0311 → 0.6093**), the classic **Wave-2** completion zone. ### Trade Plan (scenarios) **A) Aggressive long (DCA in the pocket)** * **Zone:** Accumulate across **0.618–0.786 (0.8299–0.6093)** if retested/swept. * **Risk:** Hard **invalidation below 0.4110** (structural low on the chart). * **Management:** First relief target back into **0.5–0.382** (**1.0311 → 1.2811**) to pay yourself, then let runners ride. **B) Conservative confirmation** * Wait for a **clean 5-up from the low and a shallow 3-down** that holds **above 0.618 (0.8299)**. If it prints, that’s your **1–2** trigger for **Wave 3**. ### Targets * Step-ups: **1.000 = 6.3306** → **1.236 = 9.7859** → **1.618 = 19.8044** (macro objectives once a daily uptrend is confirmed). * Near-term reaction levels on the way: **0.382 = 1.2811**, **0.5 = 1.0311**. ### Invalidation & risk * **Lose 0.4110** with acceptance → **cycle invalid**; stand aside and reassess. * **Risk per trade ≤ 1–2%**. Place the stop first, size second. If volatility widens, reduce size — don’t expand risk. --- **Disclosure** Educational analysis only; **not financial advice**. Crypto is highly volatile. **Risk per trade ≤1–2%**.
Long
by WaveFibs
2
Trading Plan for Gold USD Using Elliott Wave and Fibonacci This trading plan combines Elliott Wave analysis with Fibonacci retracement and extension levels, focusing on key psychological points to guide entry, exit, and risk management decisions for the Gold/USD 1-hour chart. Fibonacci Levels & Psychological Zones: Wave 3 is approaching a Fibonacci extension zone near 3,558 - 3,616 (from 3.618 to 4.618 levels). This acts as a key resistance and potential Wave 3 target. The retracement for Wave 4 correction is expected to land within the important Fibonacci retracement zones: - 38.2% (~3,472) - 50% (~3,449) - 61.8% (~3,426) These Fibonacci levels serve as psychological support zones where Wave 4 could end and Wave 5 might begin.
VANTAGE:XAUUSD.TV
by famousone_chn
GBPNZD → Retest 2.276 before resuming the bullish trend FX:GBPNZD is testing a key support level as part of a correction after breaking through consolidation resistance. The trend is bullish, and liquidity capture could resume the upward movement. GBPNZD is testing a strong support level within the uptrend during the correction phase. Against the backdrop of the long-term decline of the NZD, the currency pair has every chance of continuing to grow. On the daily timeframe, we have a fairly strong upward structure, with the previously broken consolidation resistance and the 0.5f area playing a key role. This tandem hides a liquidity area that could become a driver for the market. A false breakdown of 2.276 could trigger a resumption of growth. Support levels: 2.276, 2.2682 Resistance levels: 2.2983, 2.3215 The bullish trend may support the main trend. The current correction is a healthy movement within an uptrend that may continue after a pullback and consolidation. Best regards, R. Linda!
Long
by RLinda
7
USDJPY Short: End of Triple Combination and ABC CorrectionOver in this video, I explained my previous mistake where I thought that we have completed a double combination but turns out to be a triple combination. I talked about how the end of Wave Z was very near to the red trendline and that the move down yesterday was actually a wave 1 down and the 3-wave move up is actually an A-B-C that almost fulfill the A=C measurement (missing by 1 pip). This idea is a positional play which I recommend doing slightly bigger size (anchor position + extra size) such that the anchor position will not be closed out until the very big picture is done but we can scalp the "extra size" along the way. However, please take note to manage your risk well. The stop for this idea is 148.96 but if this is breached, I will look for another reversal signal and short and proceed with this idea because I do believe in the big picture set up. Thank you and Good Luck!
Short
by yuchaosng
Palantir UpdatePLTR made a new local low today but swiftly recovered after. I could be one degree off, and price could have intentions of making another move below the (b) wave $149.37. At this time, I still believe the minor A wave is in fact complete, however, we still don't have confirmation. If price can move above $164.18, I will call that the confirmation needed to verify we are in fact within wave B. We still have positive divergence in the micro charts. This suggests pressure should push us higher to the target box. That is of course assuming this will maintain a standard target. It is a B wave though if my count is correct. This should give you a heads up that the pattern will quite possibly become very complex. Unless price moves below $142.35, my primary analysis points to the target box above.
NASDAQ:PLTR
by TSuth
Boom or bust - LINK weekly update Sep 2 - 8thChainlink is currently trading at critical levels, especially with regard to anticipated price targets. At present, the market appears to be completing a deep Minor Wave 2, which would place us just before the start of a dynamic upward move — a Wave 3 across multiple cycle degrees. However, it is important not to trade the future but to assess and respond to what is happening right now. Fetch.ai, for example, failed to hold its structure and broke lower, resulting in a corrective formation. Given the correlations with other altcoins that are also correcting, we must approach the current setup with the highest level of caution. A break below the red-dashed line marking the low of Wave 1 would invalidate the bullish count, turning the structure corrective and resetting us into Intermediate Wave 2 instead. For now, only 1H timeframe indicators are signaling a potential breakout, which is not strong enough evidence to confirm a sustainable move. At the highlighted Fibonacci extension level, however, a large cluster of orders is sitting, which could act as a buy wall and provide the foundation for a potential breakout. The liquidity heatmap remains relatively empty, with little liquidity both above and below, keeping the picture neutral. Derivative data shows funding rates in the normal positive range, while open interest has stagnated with a slight downward bias — a subtle short signal in itself. In summary, I will closely monitor the current situation and consider positioning on the long side if conditions confirm.
BINANCE:LINKUSDShort
by Phillipklh
A good buy opportunity - SOL weekly update Sep 2 - 8thSolana is currently forming a 1–2 setup at the Minute degree, which marks the beginning of Minor Wave 3, itself part of Intermediate Wave 3. Once this correction concludes, the probability is high that SOL will advance strongly toward the $250 level. From a technical perspective, the current structure leaves little room for credible alternatives. However, it is possible that the Nano Wave b could extend further upward, as illustrated by the dashed arrows. Looking at liquidity, the order book below current levels appears relatively thin, with only small clusters around $190 and $180. While there are more orders at $180, giving that level stronger attraction potential, the liquidation heatmap shows virtually no liquidity there. For this reason, I do not expect a drop that deep. Derivative data currently reflects bearish sentiment, with funding rates declining and open interest stagnating or falling. Overall, I remain short positioned, targeting the 1.0 extension level of Wave c at $190, which is also where my take-profit is set. Until then, the plan is to stay patient and wait for the setup to play out.
BINANCE:SOLUSDShort
by Phillipklh
EURGBP Steps Into A New Intraday Five-Wave Bullish ImpulseEURGBP has been moving in line with expectations over the past couple of weeks. After completing a projected higher-degree abc correction in wave B, it now appears that EURGBP has entered a new intraday five-wave bullish impulse, which could drive the price back toward the July highs. Yesterday, we identified a lower-degree abc pullback in wave (ii). Since then, the pair has been trading nicely higher within wave (iii) of “iii.” This suggests further upside potential, though traders should remain cautious of a possible subwave (iv) pullback before the move continues.
Long
by ew-forecast
EURUSD | TRADING PLAN | DAY 28🔵 Demand Zone (Buyers’ Area): 1.1623 – 1.1580 Price has completed an ABC corrective structure and is now entering the demand zone. Expectation: Buyers to step in and push the price higher. 🔴 Supply Zones (Targets): 1. 1.1658 – 1.1688 → First supply zone, ideal for partial profit-taking. 2. 1.1705 – 1.1720 → Major supply zone, where strong sellers may re-enter. 📌 Trade Idea: Look for bullish confirmation (reversal candle / liquidity sweep) inside the demand zone. Entry: 1.1625 – 1.1600 (within demand zone). Stop Loss: Below 1.1573 (protected low). Take Profit 1: 1.1658 Take Profit 2: 1.1688 – 1.1720 ⚖️ Risk–Reward Ratio (RRR): Approx. 1:3 to 1:4 depending on entry execution. --- ✅ This plan is valid as long as price holds above 1.1573. 📌 Discipline with SL & partial profits is key.
by Greenfireforex
2
USDCAD Long Setup: From PRZ to Resistance LinesToday, I want to review the USDCAD ( OANDA:USDCAD ) long position with you. USDCAD has reacted well to Support lines and the Potential Reversal Zone(PRZ)(1.373 CAD-1.370 CAD) . From the perspective of Elliott wave theory , it seems that USDCAD has completed the microwave 5 of the main wave C . I expect USDCAD to rise to the Resistance lines in the short term. Second Target: 1.3817 CAD Stop Loss(SL): 1.3698 CAD Please respect each other's ideas and express them politely if you agree or disagree. U.S. Dollar/Canadian Dollar Analyze (USDCAD), 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
10
GOLD → False breakout at 3500. What next? 3400 or 3600?FX:XAUUSD updates its ATH on the spot market to 3508.5 and forms a false breakout, provoking liquidation and profit-taking. The imbalance in the market is changing, and a deeper correction is possible... Gold updated its historical maximum above $3500, but faced a correction amid a short-term strengthening of the dollar. The market's attention is focused on the US ISM Manufacturing PMI data, which may determine further dynamics. Key drivers: The probability of a rate cut in September is estimated at 90%, which supports gold. Pressure on the USD continues due to concerns about the independence of the Fed (pressure from Trump) and geopolitics. The escalation of the Russia-Ukraine conflict (new strikes by the Armed Forces of Ukraine on Russian territory) is increasing demand for defensive assets. Ahead of the ISM Manufacturing PMI: Forecast — growth to 49 (but remains in the contraction zone). If the data turns out to be weaker, it will strengthen dollar sales and push gold to new records. Resistance levels: 3485, 3500 Support levels: 3467.6, 3441, 3423 Technically, gold may enter a longer consolidation or correction. If the bears keep the price below 3490-3485, then in the short term, we can expect a decline to the specified support zones. I do not rule out the possibility of a retest of 3500-3505, but at the moment I do not see the potential for the market to continue growing (in the short term!). Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
24
Gold Dips to 3,440:Dollar Weakness Sets Stage for the Next SurgeHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around the 3,440 zone. Gold is trading in an uptrend, with price currently correcting toward this key support/resistance level. Structure: The broader bias remains bullish, but price is pulling back after recent highs. Key level in focus: 3,440 — an important area where buyers may look to step in and resume the trend. Fundamentals: The U.S. Dollar Index (DXY) is approaching 98.400 resistance while maintaining a bearish tone. A weaker dollar continues to provide support for Gold, reinforcing the bullish context. Trade safe, Joe.
OANDA:XAUUSDLong
by JoeChampion
11
WLFIUSDT → Liquidation of hamsters before the rally to 0.3300BINANCE:WLFIUSDT.P is Trump's project. This relatively new coin is demonstrating aggressive and manipulative trading, but there are key areas on the chart that can be used as a guide... We all know about the manipulative games of Trump's projects ;) and this can be used in trading... The WLFI coin has growth potential, but we need to wait for confirmation. Technically, this is a rather aggressive and manipulative game. A sharp drop and liquidation of all “hamsters” to the 0.25 - 0.20 zone. However, the price has stopped updating lows, volatility is decreasing (consolidation). If the price returns to the range, there will be potential for growth. At the moment, the price is not allowed to fall, consolidation is forming, with resistance at the 0.2521 trigger. The market is testing this trigger... At the same time, Bitcoin is strengthening and may support altcoins... Resistance levels: 0.2521 Support levels: 0.2250, 0.2042 Technically, if the local structure does not break down and the price continues to storm 0.2520 - 0.255, this could lead to a return of the price to the trading range, which would open up the possibility of growth to 0.33. The structure will break if the price breaks through the support level of 0.225 - 0.22. Best regards, R. Linda!
Long
by RLinda
22
GOLD → One step away from 3500. Consolidation. What next?FX:XAUUSD has been rallying towards 3500 since the opening of the session, and the market has every chance of testing this level. Consolidation or correction may form before the next breakout... Gold resumed its growth at the beginning of the week, reaching five-month highs around $3480 amid declining risk appetite and expectations of Fed policy easing. Trading activity remains low due to holidays in the US and Canada. Key drivers : Weak Asian markets and uncertainty surrounding Trump's trade policy are supporting interest in gold. The probability of a rate cut in September is estimated at 90% after last week's PCE data. Overall, the market maintains its momentum towards record levels ($3500), but low liquidity may increase volatility. Technically , gold is strongly bullish. The price is striving to test the ATH - 3500. Before that, consolidation or a retest of the 3469-3460 zone may form. The dollar is weak at the moment and continues to trend downward, which generally supports gold. Resistance levels: 3484.8, 3500 Support levels: 3469.5, 3460 Undoubtedly, after consolidation or correction, gold may reach its target. However, continued growth beyond 3500 may be questionable due to a lack of energy, as the market has spent it to reach 3500. Accordingly, a false breakout of the ATH could trigger a strong profit-taking phase, which in turn could lead to a sell-off and correction. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
30
USD Breakout Short against EUR, GBP, JPY, Gold, SilverThis is an analysis on USD itself where I think that USD will weaken sharply very soon against other currencies including Gold and Silver. As I pointed out in the video, there are short-term trendlines that the various currencies are nearing or already broken. Look for the breaks here to go short against USD and set your stop to a reasonable support/resistance according to the FX pairs you choose to execute this idea against. Good Luck!
Short
by yuchaosng
AUDUSD Pullback Toward 0.65000 as Dollar Weakens Ahead of US PCEHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around the 0.65000 zone. AUDUSD is trading in an uptrend, with price currently correcting toward this key support/resistance level. Structure: The broader bias remains bullish, but price is retracing after recent highs. Key level in focus: 0.65000 — an important area where buyers may look to step in. Fundamentals: The US Dollar Index (DXY) is breaking below 98.100 support, pointing to further downside. A bearish DXY combined with bullish Gold strengthens the case for AUDUSD upside. Event risk: Today’s US PCE release is key. A soft print would reinforce the Fed’s dovish stance, supporting dollar weakness. A hot print could complicate the bearish dollar narrative. Next move: Monitoring how AUDUSD reacts around 0.65000 to assess whether buyers regain control or if deeper correction unfolds. Trade safe, Joe.
Long
by JoeChampion
19
USDCAD Pullback Toward 1.37900 as Dollar Weakness PersistsHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around the 1.37900 zone. USDCAD is trading in a downtrend, with price currently correcting toward this key support/resistance level. Structure: The broader bias remains bearish, but price is retracing upward after recent lows. Key level in focus: 1.37900 — a critical area where sellers may look to re-enter and push the pair lower. Fundamentals: The U.S. Dollar Index (DXY) maintains a bearish tone as Jerome Powell’s recent dovish stance weighs on the greenback. With DXY approaching 97.800 resistance, further downside pressure on USD could reinforce USDCAD weakness. Trade safe, Joe.
Short
by JoeChampion
12
SUI - 1D Elliott Wave Analysis - 01.09.25Greetings, here is our take on SUI from an Elliott Wave point of view. Sui is potentially forming a multi 1-2 set-up on the higher timeframe which is very bullish if it holds support and breaks out to the upside. Currently we assume that we are forming the green Wave 2 as red ABC. The 1 to 1 FIB target for Wave C is at 3.0733 USD which also is close to 3 USD which is a psychological level. Further targets are the 1.382 FIB at 2.7324 USD and the 1.618 FIB at 2.5410 USD. The green Wave 2 support area is between the 0.5 FIB at 3.1925 USD which we touched today and the 0.786 FIB at 2.6424 USD. A break below this area suggest a reset of the white Wave 2 or something more bearish. If this set up hold we are looking to see a strong Wave 3 rally afterwards which would take us to a new ATH. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
XRP - 4H Elliott Wave Analysis - 09.01.25Greetings ^^ The price broke our low of the 3rd of August which invalidated our EW triangle from last analysis. We assume XRP is either forming a diagonal or a multi 1-2 now. In both cases we expect XRP to drop a bit more before seeing a bigger bounce. In the diagonal count we would count the top of the 18th of July as Wave 3 and the correction we're in as Wave 4. It is typical for the price of Wave 4 to retrace into the price range of Wave 1 in diagonals. The top of Wave 1 is at 2.6549 USD. We count the correction as red ABC of which we finished the Wave A and B and are working on the Wave C. The 1 to 1 FIB target for Wave C is at 2.5160 USD. In a multi 1-2 we count the top of the 18th of July as white Wave 1 and the retracement in the red ABC is white Wave 2. Both cases share the support area which is between the 0.382 FIB at 2.8542 USD which we remove tho as we already entered that price area to the 0.786 FIB at 2.1938 USD. We also added the white trendline which could act as support and the green line at 2.4161 USD which goes right through the golden pocket and is the point of control of the range of the higher degree Wave 4. Thanks for reading. NO FINANCIAL ADVICE.
by KanashimiBro