Gold (XAU/USD) - Elliott Wave Suggests Wave 5 Upside Starting!📊 Current Wave Count:
Wave 1 (Complete): Rally from to .
Wave 2 (Corrective): Pullback to (held 50%/61.8% Fib).
Wave 3 (Extended): Strong impulse to .
Wave 4 (Corrective): ABC pattern ending near (e.g., 38.2% Fib of Wave 3).
🎯 Wave 5 Projection:
Target: Typical 0.618–1.0 extension of Wave 1-3 → $ .
Invalidation: Break below Wave 4 low ($ ).
📈 Why Now?
Wave 4 completed as a shallow correction (flat/triangle).
MACD/RSI shows bullish divergence on lower timeframes.
Fundamental drivers (e.g., Fed dovishness, inflation) align.
⚡ Trading Plan:
Entry: Near current pullback (~$ ).
Stop Loss: Below Wave 4 low.
Take Profit: Scale out at 0.618 and 1.0 extensions.
Elliott Wave
Short WISE as leading diagonal has been completedWISE can be shorted with the first target at the lower edge of the diagonal and then, at around 800 pence (start of wave 5), if move lower confirmed.
Clear RSI divergence shows trend reversal in the short-term at least (until touching lower band of the diagonal). So the lowest upside is around 14-16% here.
SL can be set to 1230 pence.
MARA Is Waking Up And Looks Promising For The Crypto MarketMARA Is Waking Up And Looks Promising For The Crypto Market, as it can send the price even higher this year from a technical and Elliott wave perspective.
Marathon Digital Holdings with ticker MARA nicely and sharply recovered away from the strong support after a completed projected higher degree abc correction in wave B/2. So, similar as Crypto market, even MARA can be forming a bullish setup with waves »i« and »ii« that can soon extend the rally within wave »iii« of a five-wave bullish cycle within higher degree wave C or 3, especially if breaks above 21 first bullish evidence level. It could be easily supportive for the Crypto market if we consider a positive correlation.
XAUUSD , Bullish Setup , R:R 17Hello friends
I am back after a long time and I want to share the results of my efforts of several years with you.
Gold is starting a 5th wave of bullishness and yesterday it gave us the necessary confirmations by rejecting the previous ceiling. I have identified the best buying position for you now. With a reward to risk 17
Take advantage of this opportunity.
If you are interested in Elliott waves or work in this field at a professional level, contact me and share your analysis with me.
I hope we will all be profitable together.
Elliott Wave View: XAUUSD (Gold) Should Continue RallyElliott Wave sequence in XAUUSD (GOLD) suggest bullish view against September-2022 low in weekly. In daily, it should remain supported in 3, 7 or 11 swings to continue rally to extend higher. In daily, it ended ((4)) correction in 7 swings sequence at 3120.20 low in 5.15.2025 low against April-2025 peak. Above May-2025 low, it should continue rally targeting 3589 or higher levels, while pullback stays above 3246.55 low. In 4-hour, it placed 1 at 3452.5 low in proposed diagonal sequence. Within 1, it ended ((i)) at 3252.05 high, ((ii)) at 3245.20 low, ((iii)) at 3365.93 high, ((iv)) at 3245.20 low & finally ((v)) ended at 3452.50 high. It ended 2 in 7 swings correction at 3246.55 low in 6.29.2025. Within 2 pullback, it ended ((w)) at 3340.18 low, ((x)) at 3398.35 high & ((y)) at 3246.55 low in extreme area. It provided short term buying opportunity in extreme area, corrected 0.618 Fibonacci retracement of 1.
Above 2 low, it is showing nest in 1-hour sequence expecting further rally. It needs to break above 6.15.2025 high of 3452.5 to confirm the upside to extend daily sequence. Short term, it placed ((i)) of 3 at 3365.70 high, ((ii)) at 3282.43 low, (i) of ((iii)) at 3374.96 high & (ii) of ((iii)) at 3319.50 low. It is showing higher high since 2 low in 5 swings, which can be nest or a diagonal sequence, if breaks below 7.09.2025 low before rally higher above 6.29.2025 low. In (i), it ended i at 3330.32 high, ii at 3309.91 low, iii at 3374.02 high, iv at 3353.43 low & v at 3374.96 high. In (ii) pullback, it placed a at 3340.76 low, b at 3366.38 high & c as diagonal at 3319.50 low. It already broke above (i) high, confirmed upside can be possible as long as it stays above 3319.50 low.
Currently, it favors pullback in ii of (iii), while placed i at 3377.48 high. It expects pullback in 3 swings to hold above 3319.50 low before rally continue in iii of (iii). The further upside confirms when it breaks above 3452.50 high. Five swings rally from 6.29.2025 low, suggests more upside should be unfold. The next leg higher expects to erase the momentum divergence in 1-hour to be (iii) of ((iii)). Alternatively, if it breaks below 7.09.2025 low, it can be pullback against 6.29.2025 low, while ended ((i)) in diagonal at 3377.48 high. Gold is choppy after April-2025 peak. It can even do double correction, if breaks below 6.29.2025 low, correcting against May-2025 low before rally continue. We like to buy the pullback in 3, 7, or 11 swings pullback as it is bullish in weekly sequence.
EURUSD Elliott Wave: Top in PlaceExecutive Summary
Wave 1 rally from January 2025 to July 2025 appears complete
Decline to 1.1170 and possibly 1.08 in wave 2.
The support shelf near 1.1170 may contain the decline.
We now have enough evidence in place to consider a medium-term (or longer) top in place for EURUSD.
The weekly chart above shows a rally from the January 2025 low that reached the upper parallel at the July high. This rally appears to be complete and a sideways to lower consolidation is likely underway.
On January 24, we forecasted a rally with a second target of 1.18. EURUSD reached the target topping at 1.1830.
Now, it’s time to flip the scrip as a correction is likely underway to correct that strong rally.
The 6-month rally in EURUSD appears to have ended this month and a correction is likely underway to 1.1170 and possibly lower levels.
The top of EURUSD on July 1 is labeled as wave 1. The decline underway appears incomplete and would be wave 2.
Within the wave 1, wave ((v)) measures equal to wave ((i)) at 1.1832, just a couple of pips within the actual high. Additionally, there is RSI divergence within the wave ((v)) and wave ((iii)) highs. This is a common pattern within a fifth wave of an Elliott wave impulse pattern.
The next trend (lower) will likely carry to below 1.1170.
Near this level is the 38% Fibonacci retracement level of the 6-month rally. Additionally, there is a support shelf of broken resistance and congestion appearing between 1.1033 - 1.1275.
At the lower end of that price zone is a broken trend line dating back to 2023. Therefore, this price zone will offer up a strong level of support that may launch the next rally or at least a small bounce.
BOTTOM LINE
The Elliott wave impulse pattern from January to July 2025 appears over. A downward correction appears to have begun and may visit 1.1170 and possibly lower levels.
As the downward trend takes hold, we’ll review its structure to determine where we are at within the larger wave sequence.
#Banknifty directions and levels for July 17thIn the previous session, both Nifty and Bank Nifty moved with ups and downs. Structurally, the sentiment still remains the same.
Even if the market opens with a gap-up, we can expect some rejection near immediate resistance.
So, my expectation is that the market may behave similarly to the previous session.
If it starts with a pullback, we may see rejection afterward.
On the other hand, if it starts with a decline, we can expect a pullback later.
The key point to note is that clear directional moves are likely only if a strong candle forms after consolidation.
#Nifty directions and levels for July 17thGood morning, Friends! 🌞
Here are the market directions and levels for July 17th:
There have been no major changes in the global market; it continues to maintain a moderately bearish sentiment.
Meanwhile, our local market is showing a moderately bullish tone on the lower time frame. Today, Gift Nifty is indicating a neutral to slightly gap-up start.
So, what can we expect today?
In the previous session, both Nifty and Bank Nifty moved with ups and downs. Structurally, the sentiment still remains the same.
Even if the market opens with a gap-up, we can expect some rejection near immediate resistance.
So, my expectation is that the market may behave similarly to the previous session.
If it starts with a pullback, we may see rejection afterward.
On the other hand, if it starts with a decline, we can expect a pullback later.
The key point to note is that clear directional moves are likely only if a strong candle forms after consolidation.
[$CLSK] CleanSpark Inc. - Farming [$BTC] LongNASDAQ:CLSK
no finanical advice
📑market outlook
+ Fed rate cut priced in --> short term risk-on environment
+ total FIAT-debasement in motion --> Precious &Crypto are poomping
- geo-political risk can drag down the 'weaker ANTI-Fiat' risk-on positions
💡idea
we want to farm BTC indirectly by selling covered-calls /placing cash secured puts
🧪approach
derivatives options with i.e. 0.1 BTC ~ 10,000 USD
🏁target
get 2% yield per month
⚠️ caution
Only weekly options: --> Crypto Cycle could take hits of -50% which would basically demolish your position
--> check weekly volume/sentiment on BTC
Don't forget:
⏳ Theta is our alley. Always have been!