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Elliott Wave

Gold Forming a Double Top Pattern?Last week, Gold( OANDA:XAUUSD ) exhibited sharp movements, both upward and downward, making trading quite challenging. The key question is whether gold will continue its bullish trend. Currently, gold is positioned near a resistance zone($4,231 – $4,215) and is moving close to significant support lines. Last week, gold created a bull trap above the resistance zone($4,231 – $4,215). From an Elliott Wave perspective, it appears that gold has completed wave 5 with an expanding ending diagonal and is now undergoing a pullback towards the lower line of this pattern. Looking at the classic technical analysis on the 4-hour chart, there’s a potential double top formation, and the momentum from the second top is quite strong, suggesting that gold may break through the support lines and confirm the double top pattern. On the other hand, factors like the DXY Index ( TVC:DXY ) and the US 10-Year Government Bond Yield ( TVC:US10 ), which are currently bullish, could exert downward pressure on gold. Considering all these points, I expect that gold will break through the support lines and potentially move down to $4,167. Note: If gold breaks through the support zone($4,185 – $4,133), we can expect further declines. First Target: $4,167 Second Target: $4,127 Stop Loss(SL): $4,247(Worst) Points may shift as the market evolves ------------------------------------------------ We should also keep in mind that several important US economic indicators will be released this week, which could significantly impact market direction. So be extra cautious with your positions, especially during data releases: JOLTS Job Openings➡️09 December Federal Funds Rate➡️10 December FOMC Statement➡️10 December FOMC Press Conference➡️10 December Unemployment Claims➡️11 December ------------------------------------------------ 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 Gold Analyze (XAUUSD), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:XAUUSDShort
by pejman_zwin
4
EURUSD Bearish Setup Triggered — TRZ + PRZ Confluence AheadToday, I want to share a short setup for EURUSD( FX:EURUSD ) and explain why this could be a great opportunity, so stay tuned! Right now, EURUSD has entered a heavy resistance zone($1.192-$1.166), Time Reversal Zone(TRZ), and is approaching a Potential Reversal Zone (PRZ) . The EURUSD also seems to be near the upper lines of two ascending channels, making a breakout less likely in the immediate term. Additionally, a negative Regular Divergence(RD-) can be observed between the two peaks on the 4-hour chart, reinforcing the bearish outlook. EURUSD reacted bearishly after the latest U.S. Unemployment Claims came in much stronger than expected (191K vs. 219K forecast). The data signals a resilient labor market, reducing expectations for near-term Fed rate cuts and giving the U.S. dollar fresh momentum as long as yields remain supported, with rallies facing selling interest unless the broader macro tone shifts in favor of risk assets. Given these factors, I anticipate that EURUSD, after breaking the lower line of the ascending channel(small), could drop at least to $1.15940. First Target: $1.1594 Stop Loss(SL): $1.172 Points may shift as the market evolves What do you think about EURUSD? Will it break through the heavy resistance and the PRZ, or not? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 Euro/U.S Dollar Analyze (EURUSD), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
Short
by pejman_zwin
3
Silver Hits New ATH — Major Reversal Zone Ahead? Bearish SetupSilver( OANDA:XAGUSD ) managed to increase by more than +20% over the last 10 trading days, creating a new All-Time High(ATH) and attracting the attention of many traders in the financial markets. Silver is currently near Potential Reversal Zone(PRZ) , Yearly Resistance(5), Monthly Resistance(1), and the round number $60.00. Silver also managed to break the support line, which indicates weakness in the uptrend. In terms of classic technical analysis, silver managed to rise with the help of the ascending triangle pattern, but we must keep in mind that this pattern is a weak continuation. In terms of Elliott Wave theory, silver is completing the main wave 5, and this wave could complete at PRZ. Additionally, we’re noticing a Regular bearish Divergence(RD-) between the price peaks, which adds to the bearish sentiment. I expect silver to drop to at least $55.10 after breaking the support zone($56.83-$56.37). First Target: $55.10 Second Target: $53.73 Stop Loss(SL): $61.63(Worst)/$60.54 Do you think silver can go above $60? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 Silver/ U.S. Dollar Analyze (XAGUSD), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:XAGUSDShort
by pejman_zwin
9
EUR/USD is positioned at the top of two long-term channelsAs you can see, EUR/USD OANDA:EURUSD is currently testing the upper boundary of two major channels on both the weekly and daily timeframes. 1) Daily Timeframe Analysis On the daily chart, the dollar completed a five-wave impulsive move into the channel’s upper resistance. After reaching this level, price has started a correction. Wave A has already finished with a clear five-wave structure. Price is now forming wave B. Based on the current structure, wave B is likely to extend: At minimum, into the Gap Zone, and At maximum, into the Resistance Zone (both areas are clearly marked on the daily chart). From either of these areas, I expect the beginning of wave C, which will likely push the pair down toward the Support Zone. 2) Weekly Timeframe Confirmation In the weekly chart (Chart B), EUR/USD has reached: The top of its major ascending channel, and The 100% extension of the previous leg. This confluence significantly strengthens the bearish scenario. 3) Additional Charts Coming I will also upload the hourly EUR/USD chart on my TradingView page to provide a clearer and more detailed outlook. 4) Follow for More Analysis Feel free to follow me on TradingView to catch all my analyses and live stock trades. I’d be happy to hear your thoughts and feedback.
Short
by AG-Precision-Trading
Fed Cuts, Treasuries Bounce, Dollar Slips FurtherGood morning traders! The Fed cut interest rates by 0.25% yesterday, marking the third straight cut. A few members dissented, showing the committee isn’t fully aligned. They proceeded with the cut as the job market continues to cool, even though inflation is still sticking around. The Fed also hinted this could be the last cut for a while and announced plans to start buying short-term Treasuries to keep liquidity stable. The US dollar remains under bearish pressure, while stocks hold steady, keeping the risk-on sentiment intact. This momentum could carry into year-end, we should just be aware of potential short-term pullbacks. USDollar Index - DXY remains nicely bearish, supported by 10Y US Treasury chart, as anticipated. If we consider that 10Y US Notes chart is now turning back to bullish mode, then DXY could easily see more weakness at least towards the open/unfilled GAP at 97.74 area.
TVC:DXY
by ew-forecast
GOLD → Consolidation ahead of the Fed's interest rate decision FX:XAUUSD is rebounding from resistance at the local range of 4220 and heading towards support at the liquidity zone of 4175. Ahead is the Fed meeting on interest rates, where rates are likely to be lowered. What to expect? The probability of a 25 bp rate cut today is ≈90%. JOLTS job vacancy data reduced the chances of easing in January to ≈20%. Attention is shifting to the Fed's rate forecasts for 2026 and the tone of Powell's comments — the balance of votes in the FOMC (the ratio of “hawks” to “doves”) will determine the further course. In the current case, it is worth looking not only at the fact of the rate cut, which is most likely already priced in. What is important to us are the regulator's comments and political stance. If they say that the pace of rate cuts will slow down in the future, the dollar may fly up and gold down. If they support further rate cuts, the dollar will go down and gold up. Resistance levels: 4220, 4266 Support levels: 4200, 4175, 4165 It would be a shock to the market if rates were cut by 50 points; the chances are slim, but they exist. In this case, gold would soar. However, the most likely scenario is described above. Technically, I expect a retest of the trading range support; in the worst case, gold may fall to 4140 - 4120 - 4100 before rising. High volatility is possible in the evening! Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
18
BITCOIN → False breakout of resistance on a downtrend BINANCE:BTCUSDT is consolidating in the range of 86K - 92K, bears are holding resistance amid a global downtrend, traders lack drivers... Fundamentally, sentiment in the crypto market is weak, and there is increasing talk of a crypto winter, especially among companies that previously actively bought cryptocurrencies for their balance sheets. There is no bullish driver at the moment. Bitcoin is in a neutral state, with the market holding the price below 93K. The fundamental background is unstable, and technically, the market is in a downtrend. A reversal pattern is forming relative to 92K, and a retest and false breakout of the zone of interest could trigger a decline to the support range. Locally, we are seeing an upward channel, but this is a correction against the backdrop of the global trend. If the bears keep the price below 92K, the decline may continue. However, a breakout of 94K and a close above that level could trigger an upward momentum... Resistance levels: 91850, 92700, 93700 Support levels: 88000, 86300 A false breakout and price consolidation in the short zone could cause further sell-offs towards the areas of interest located at the bottom of the trading range. Best regards, R. Linda!
Short
by RLinda
9
GBTC is hinting a major bottom soon on BTC!AMEX:GBTC – Elliott Wave Update (1H Chart) The decline from the Wave B high continues to follow a clean 5-wave impulse. Current price action suggests we are inside Wave (iv) before the final flush. 🧩 Structure so far: 🔻 Wave (i) • Initial sharp drop • Set the tone for the entire downtrend 🔻 Wave (ii) • Reactive bounce into the mid-channel • Perfect retracement behaviour for an impulse 🔻 Wave (iii) • Long, persistent decline • Strongest momentum segment • Clean subdivisions visible on lower timeframes 🔵 Wave (iv) now forming: • Grinding upward inside the corrective channel • Should remain below upper channel resistance • Likely forming a flat / zigzag corrective before rollover 🔻 Wave (v) expected next: • Final leg down to complete C • Target = lower channel + 60–62 region • Completion of the larger corrective cycle 🟢 After Wave C completes: • Expect a medium-term trend reversal • First target = reclaiming broken channel lines • Bigger target = recovery toward prior structure above 90+ 📌 Summary: Wave (iv) = corrective bounce. Wave (v) = final drop → then macro reversal likely. ⚡ I am overall bullish on CRYPTOCAP:BTC after this drop. Please check my BTC update here.
AMEX:GBTCShort
by ElliottWavePro
Golden Reversal from FVG Zone [XAUUSD]OANDA:XAUUSD Golden Reversal from FVG Zone Signal: BUY Entry: 4,206.50 TP1: 4,217.00 TP2: 4,229.00 TP3: 4,240.00 SL: 4,188.00 Insights: Price retraced into a Fair Value Gap (FVG) near 4,206, aligning with a high-volume node on VRVP and previous BOS level. RSI is neutral (51–53), suggesting room for upside; MACD shows bullish crossover with widening histogram. Red MA (likely short-term) is flattening while blue MA (longer-term) supports upward bias—confluence for reversal. #FVGReversal #SmartMoneyBuy #GoldScalpSetup#VRVPConfluence #MACDCrossover #RSINeutralMomentum 🌟 Trade Like Hunter ✅ High-Probability Setup: Strong confluence across VRVP (volume node), MA (flattening short-term), RSI (neutral), MACD (bullish crossover).📊 Risk-Reward Ratio: ~1:2.5 (TP2), ~1:3.5 (TP3) — solid for scalping and swing.🔑 Liquidity Zone Confirmation: Entry sits inside FVG and near BOS, indicating smart money accumulation.🧠 Market Psychology: Price shows signs of accumulation post-structure break; sentiment shifting toward bullish retracement.⚡ Probability Score: 80% High Probability📈 Scalability: Setup aligns with 1H and 15M zones for intraday confirmation. 🔒 Risk Disclaimer: Always use proper lot sizing and risk management. Market conditions can change rapidly — trade responsibly.
OANDA:XAUUSDLong
by LonaGoldHunter
SILVER (XAGUSD) – Completed Grand Cycle & Super Cycle Wave 5SILVER (XAGUSD) – Completed Grand Cycle (shown in BLACK) & Super Cycle (shown in BLUE) Wave 5 Medium-term Bearish | Immediate Target: 55.20 (Wave A) Structure: Full Completion of 5-Wave Impulse → Start of Corrective A–B–C 1. Cycle Structure Overview Your chart clearly shows that Silver has completed a major 5-wave structure at multiple degrees: Grand Cycle – Wave (I) to (V) Super Cycle – Wave 1 to 5 Primary Cycle – 1–2–3–4–5 within Super Cycle 5 This kind of multi-frame exhaustion typically leads to a broad and deep corrective structure, usually an A–B–C decline. The sharp rejection at the top and extended Fib targets also validate the exhaustion of Wave 5. 2. Wave 5 Completion Confirmation Key observations that confirm the top: Price hit the 161.8% extension of Wave 3, which often marks terminal fifth waves. MACD / RSI divergence (visible on lower TFs). Ending diagonal / rising wedge characteristics in the final sub-wave 5. Low volume breakout at the extreme top → common in terminal patterns. Thus, Silver has reached a high-probability major top. 4. How the Full Corrective Pattern Looks (A–B–C) After completing Wave A: Wave B A corrective rise Could reach 61.8% retracement Rough target: 58.50 – 59.80 zone Wave C A deeper fall Often equals Wave A Could test the 50.00–47.00 zone Your chart correctly shows this deeper C-wave target Your projected path is consistent with a Zig-Zag (5-3-5) correction, which is the most common after a powerful 5-wave impulse. Key Levels to Monitor Resistance (Top Confirmed): 61.50–62.00 region (Wave 5 termination) Immediate Support: 59.00 57.80 Primary A-Wave Target: 55.20 – 55.50 Medium-term C-Wave Target: 50.00 – 47.00 Conclusion Silver has completed a multi-degree 5-wave bull cycle and is now entering a corrective A–B–C structure. The first leg Wave A should be a clear 5-wave decline, targeting 55.20. Your chart correctly captures: Cycle completion Sub-wave termination Immediate 5-wave bearish setup Logical targets for A, B, and C The analysis strongly supports a medium-term bearish phase before the next major accumulation zone. Disclaimer This analysis is for educational purposes only and not investment advice. Market conditions vary; please manage risk appropriately.
CAPITALCOM:SILVERShort
by shiva560060
3
#Banknifty directions and levels for December 11Current view: > The current view suggests that even if the market opens with a gap-up, structurally it may not sustain. We can expect an initial decline. As mentioned earlier, we are in a range-bound market, so the index may continue to move up and down within the previous range. > In this case, the notable point is: if the decline forms a solid structure and consolidates around the support level, then we can expect a further correction. Alternate view: > The alternate view suggests that if the gap-up sustains and the market breaks the immediate resistance, we can expect the pullback to continue. > However, until that happens, the market bias may remain bearish.
NSE:BANKNIFTY
by Manickamtraders
#Nifty directions and levels for December 11Good morning, friends! 🌞 Market directions and levels for December 11th: > In the previous session, the Dow Jones continued its pullback after the Fed FOMC announcement. However, the Indian market is still showing a negative bias. > Today, the GIFT Nifty is expected to open with a positive start of around 100 points. What to expect today? > In the previous session, both Nifty and Bank Nifty opened positively in the beginning, but the momentum did not sustain. As we discussed earlier, the sentiment still looks like consolidation. Even though the market declined in the previous session, today’s opening may start on a positive note. So overall, it seems like the consolidation sentiment is likely to continue today as well. Current view: > The current view suggests that even if the market opens with a gap-up, structurally it may not sustain. We can expect an initial decline. As mentioned earlier, we are in a range-bound market, so the index may continue to move up and down within the previous range. > In this case, the notable point is: if the decline forms a solid structure and consolidates around the support level, then we can expect a further correction. Alternate view: > The alternate view suggests that if the gap-up sustains and the market breaks the immediate resistance, we can expect the pullback to continue. > However, until that happens, the market bias may remain bearish.
NSE:NIFTY
by Manickamtraders
2
Gold (XAUUSD) – Possible Triangle Into Final Push HigherPrice action is developing a contracting ABCDE triangle after completing the previous corrective leg. As long as the Invalidation Level holds, the structure favors a bullish continuation. 📌 Key Elliott Wave Notes Wave A–B–C completed Wave D expected to retest resistance Wave E pullback forms the final leg of the triangle Breakout above triangle should launch Wave (v) / (5) higher 🎯 Bullish Target Zone 4,350 – 4,380 area remains the next major resistance & profit-taking zone. ❗ Invalidation Break below the STRUCTURE LOW (marked “Invalidation Level”) negates the triangle and suggests deeper downside. 📈 RSI Bullish divergence forming on the lows supports triangle exhaustion. Idea Summary While price stays above support, look for a breakout after completion of wave E targeting the higher supply zone. If support fails, reassess the wave count.
CAPITALCOM:GOLDLong
by MrLiquidonFX
max pain in sight for the bullsgm, i've been entertaining a few ideas on btc, and this one comes to mind today. the possibility of 1 more leg down, to take the rest of the longs that fomoed into the rally this week, and the few who managed to survive the drop from ath by averaging down mindlessly. --- the way we bounced is very reminiscent of a wave 4. btc is teethering on the edge of a negative funding rate (our favorite contrarian indicator) by creating one more low, we will for certain print a massive, multi-week negative funding reading, and that's when a proper buy could take place. --- i have personally decided to fade the rally, and have de-risked quite substantially from the positions i managed to pick up near the lows. --- in my opinion, the path of maximum pain is a sweep of that notorious 75k level that everyone keeps talking about. --- --- 🎯 - 75k
CME:BTC1!
by lunarsyndicate9
4
eth is poised to go below 2k into january.gm, as we near the holidays, and many people begin to believe that the bottom is in, i see a scenario that few are discussing. all i hear these days is how qe is beginning, how rates are getting cut, and how crypto adoption is taking place globally, but the price action does not reflect this sentiment, yet. the main reason for this, in my opinion, is i believe we're in a corrective move; specifically, the 4th wave, of this 5 waves down from the recent all time highs. --- 4th wave are categorized the moves which trap the most amount of traders. they create uncertainty, after an already long downtrend, and people start entering into a state of hopium \ complacency one final time before the last flush out takes place in the trend. that flushout, is designed to push all of the complacency and hopium out of the market by a large institution, who preys on the stops + liquidations of the small traders for liquidity purposes. --- which brings me to my point here; i believe ethereum will sweep the november low one more time, before some sort of sustained uptrend begins. whether that uptrend will be corrective, or impulsive will be determined by how we begin to come up. i have a few theory-crafts about what this move down could be, and even how it could be marking the end of a flat, rather than the beginning of the highly anticipated bear market that everyone keeps talking about. --- 🎯 = low 2k region
CME:ETH1!
by lunarsyndicate9
SMH Is In Wave 5 Extension as Semiconductors Aim for 400 AreaSMH is the VanEck Semiconductor ETF, giving concentrated exposure to major global semiconductor companies like NVIDIA, TSMC, and Broadcom. It holds about 25 stocks and is known for higher volatility because a few large chipmakers dominate the fund. Investors use SMH to bet on long-term growth in chips, AI, and tech hardware, but it can swing sharply due to the cyclical nature of the semiconductor industry. VanEck Semiconductor ETF (SMH) is trading within a five-wave bullish impulse from the April lows. Based on Elliott Wave theory, the ETF appears to be in the final Wave 5, which can still extend above the October highs toward the 400 area. Short-term pullbacks are possible, but the broader trend remains bullish. With current risk-on sentiment, semiconductor stocks could continue higher into late 2025 or even early 2026.
NASDAQ:SMHLong
by ew-forecast