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Elliott Wave

Cable: Texbtook Elliott Wave pattern is pointing higherCable stabilized at the 1.3350 area as expected, from where we’ve seen a nice intraday rebound that could even be a small impulse, signaling continuation within the uptrend. This fits the textbook Elliott Wave 8-wave pattern, with five waves up from the August lows followed by an A-B-C, 3-leg setback. Such a structure suggests bulls are yet to lift the price toward and beyond the 1.36 area, though we may have to wait for tomorrow’s NFP release, which could be the key catalyst for markets this week. GH
Long
by ew-forecast
1
GOLD → ATH retest before NFP. High risk level...FX:XAUUSD remains in a bullish trend, but short-term dynamics depend on NFP. A break above $3578 will open the way to new highs, but profit-taking at record levels could increase volatility. Gold remains strong ahead of US NFP data, which may confirm the Fed's policy easing. Weak data (forecast: +75K new jobs) will reinforce expectations of a rate cut and support gold. However, the risk of a correction is quite high, and any nuances could trigger liquidation. Weak employment data, namely rising unemployment and low ADP figures, are strengthening bets on a Fed rate cut, which overall only increases interest in the metal. Resistance levels: 3564.5, 3578.5 Support levels: 3545.9, 3526, 3508 NFP data will determine the short-term trend. A weak report will lead to growth to $3600+, while a strong report will lead to a correction to 3450-3400. Technically, I expect a correction after the local bullish structure breaks down. It is not worth trading on the news; it is better to wait 20-40 minutes after the release to make decisions based on fundamental data. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
11
Silver Unfolds A New Impulse Within 5th WaveSilver is moving higher as expected, pushing even beyond 39, but since the market also broke to new highs, it’s clear that higher degree wave four is finished as a flat correction back at 36.20, so be aware of even further continuation higher into wave five while makret trades above 39. We need five subwaves now in this blue wave 5 cycle, so more gains can follow after some intraday setbacks. But keep in mind that we are in the final leg of the higher-degree fifth wave impulse that could come to an end around 42/43 this year.
OANDA:XAGUSDLong
by ew-forecast
EURGBP → The battle for zone 0.867. What are the prospects?FX:EURGBP is attempting to remain above 1/2 of the key trading range as part of a retest after breaking through strong resistance. The local trend is bullish, and the price has a chance to reach 0.8743. EUR is consolidating in a wedge pattern, with the price moving away from support and attacking resistance. Against the backdrop of the expected Fed rate cut, EUR may break through the line and begin an active phase of growth, which will support EURGBP. The currency pair's price has moved beyond the lower half of the trading range and is attempting to consolidate above the bullish interest zone. If the bulls hold their defense above 0.866-0.867, the price will have a chance to test the poi Support levels: 0.867, 0.865, 0.8635 Resistance levels: 0.871, 0.874 Against the backdrop of the news, the price may test the order block in the 0.865 zone. A false breakdown and consolidation of the price above 0.867 will confirm the bulls' intentions, allowing the price to move towards the specified target. Best regards, R. Linda!
Long
by RLinda
7
$MARA One More Push Lower to the Golden Pocket?NASDAQ:MARA was rejected hard on the 6th test of the daily 200EMA! The probability of a breakthrough is huge but it just cant overcome supply as people want out of this underperforming Bitcoin Miner! Just the recipe we need for explosive upside, capitulation. The S2 pivot and Fibonacci golden pocket should see strong support and potential bottoming of wave II, $13.20 Daily RSI is working its way into oversold which will line up nicely for a high probability trade set up I will share in my trading signals substack. Safe trading
NASDAQ:MARA
by Maddox_Metrics
IREN Bear Divergence on the Daily, Deeper Pullback Ahead?NASDAQ:IREN appears to be pulling back locally in wave 4, filling the gap, with eyes on testing the daily pivot as support before continuing higher. Price is significantly away from mean and catching continued momentum but this will fade as more people take profit. Bearish divergence persists in the daily RSI and has been confirmed with the close below the signal line. If these signals fail it shows the strength of the momentum trend. Continued upside target is playing the pivots to $40 and initial downside taregt is the previous all time high at $18.50 Safe trading
NASDAQ:IREN
by Maddox_Metrics
Google clear for take off? Elliot Wave adjusted!NASDAQ:GOOG Google shot up on the open into price discovery invalidating the pullback scenario and suggesting we are in a strong wave 3. Don't step in front of this moving train! gaps don't have to be filled if they are runaway gaps! Daily RSI is significantly overbought and price is far above the mean so a short term reversal is still expected though not guaranteed! We expect a test of the all time High Volume Node as support at least, $207 Safe trading
NASDAQ:GOOGL
by Maddox_Metrics
BTDR Still in a triangle, Wave c of (C) downNASDAQ:BTDR Bitdeer was rejected harshly on the 4th test of the High Volume Node (HVN) resistance, each test weakening the Node and adding probability to a breakout. Wave c of an ABC within a triangle wave (C) appears to be underway with price closing below both the daily pivot and 200EMA. RSI has slight bullish divergence. Until we get a break below wave (A) or a above wave (B) the analysis is good. Will readjust and update if anything changes. A breakdown below the triangle has a wave 2 target of the golden pocket Fibonacci retracement and HVN support at $9.63 and may offer a great buying opportunity. Breakout target is the R5 daily pivot at $21.84 Safe trading
NASDAQ:BTDR
by Maddox_Metrics
Tesla Short: Expecting Wave 3 of 3 DownIn this video, I go through the Elliott Wave Analysis for Tesla in detail and talk about how the final corrective wave may not be ideal but is still al valid place for a short. In essence, I think that Tesla should be going for a wave 3 of 3 down that will see it going to $273 for a short-term target and even below $214 based on the general market condition that I have previously discussed. The stop loss for this idea is above 349.54 but I recommend setting it higher around 351.85. Good luck!
NASDAQ:TSLAShort
by yuchaosng
20
(Alchemy Markets) SP500 Elliott Wave Going into US Jobs ReportPrior to the open of the US session tomorrow, the US non-farm payrolls report is released. How will these numbers fair with a new chief labor statistician in place? We'll find out tomorrow. Meanwhile, SPX appears to be carving a wedge. In Elliott wave terms, it would be an ending diagonal pattern. The rally this week appears to be wave 5 of the five-wave pattern. RSI is diverging which is common on the final highs of this pattern. This implies an ending wave may be underway. One of the rules of Elliott wave is that wave 3 cannot be the shortest between waves 1, 3, and 5. Therefore, since wave 3 is shorter than wave 1...this implies wave 5 must be shorter than 3. Plopping that onto the chart, the current wave labeling shows a max price of 6,525. Now, of course price can go higher than 6,525, which would then require us to adopt an alternate wave count. If 6,525 is broken, then I would label the rally from Aug 19 thru today as wave 3. Still more upside, but similar outcome when the pattern does complete. After the ending diagonal is finished, a swift retracement typically is experienced back to 6,212.
SP:SPX
by AlchemyMarkets
“EUR/USD 15m Outlook | Bullish Bias from Demand ZonePrice is currently balancing between the demand zone (buyers at 1.1607 – 1.1635) and the supply zone (1.1680 – 1.1720). 📌 If demand holds → Expect liquidity grab → retest → bullish continuation into supply. 📌 If supply reacts → Watch for rejection → intraday shorts possible before next rally. This setup is not about guessing direction — it’s about hacking the structure: let price tell the story, then follow the flow.
Long
by greenfire_fx
1