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Elliott Wave

I trusted my wave count dispite volatilityI originally went long after seeing a potential breakout setup, expecting a higher time frame Wave 5 to unfold. I had multiple chances to take profit on the way up (marked with red circles), but decided to hold since my wave count suggested there was more upside ahead. After the third rejection, I spotted a clean mini 1-2-3-4-5 structure, and once Wave 5 completed, price broke below the end of Wave 1 — which confirmed weakness. I flipped short right after exiting my long. Almost immediately, a parabolic green candle appeared around 4 AM EST, which looked suspicious to me. I held through it instead of panic-stopping, because the structure still looked like a completed impulse followed by a correction. Zooming into lower time frames gave further confidence in the five-wave completion, supporting the short setup.
Short
by polarity
XAU USD - keeps on giving in 2025Hello, it's been a while. I've been on working building my pile in XAG, XAU reserves. Now i am back, Gold is still giving a phenomenal return on printing up and right (meaning growth). I don't know where price structure will end, however it's a highly probable chance we will hit $4,000USD per oz, and continue to raise. Daily chart image shows my thought pattern and an opportunity I am waiting for price to revert to. I'm referring to the Daily price chart and key counts are in line with Wave counting and supply and demand curve trading levels based on fair value gap intervals of weekly trading sessions plotted to a daily chart at intervals of 60. Current wave - 3 of 5 in the Elliott wave count. Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Consolidative box example (Daily) Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual. Below are some of the take aways from the video - please listen again incase any detail is missed. Do you enjoy the setups? Professional analyst with 8+ years experience in the capital markets Focus on technical output not fundamentals Focus on investing for long term positional moves Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXIV
FOREXCOM:XAUUSDLong
by LupaCapital
1
NIFTY50.....Breakout ahead?Hello Traders, I have paused the past two weeks,'caused by my stroke. But for now, I feel right well! Let's check NIFTY50! My latest forecast for N50 was true. It has risen to 25654, at the high it was @ 25781. It closed well above the upper side of the pink rectangle. Chart analysis: The next target should be at the upper rectangle, ranging from 25998 to 26250! A short term correction is always to await, but it should stop around 25450 range. Probably a close off the open gap @ 25376 to 25323 is targets, but here it should end, if so to come. The bears have the wrong card in this play, 'cause it needs a drop to 25060 area to change. Anyway! The sideways range is still valid, and either a new ATH will be next or we can drop to the levels I named before. Below 24300 area (to the downside) the light's will be off for N50! Ok Traders, That's it for a quick note today! Have a great week..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
8
ANGLE ONE, start of new teji cycl. Elliot Wave studyWave Structure Breakdown Impulse Phase (Wave 1 to 5) Wave 1: Initial breakout from base zone, often driven by early accumulation or fundamental trigger. Wave 2: Shallow pullback, typically retracing 38–50% of Wave 1, confirming support. Wave 3: Strongest rally, marked by volume expansion and institutional participation. Wave 4: Sideways or mild correction, often forming a triangle or flag. Wave 5: Final push, often driven by retail euphoria or news-based momentum. Verdict: The completion of Wave 5 signals exhaustion and prepares the chart for a corrective phase. 🔻 Corrective Phase (a-b-c) Wave a: Sharp decline—first leg of correction, often triggered by profit booking or macro headwinds. Wave b: Temporary bounce, usually weak and low-volume. Wave c: Final leg down, forming a descending triangle in this case, indicating consolidation and seller fatigue. Verdict: The descending triangle acts as a base-building structure, setting up for a breakout. Breakout & New Cycle Initiation The chart shows a clear breakout above the triangle resistance, labeled “Start of New Cycle.” This breakout is supported by volume and structure reset, indicating the beginning of a fresh impulsive wave—potentially Wave 1 of the next cycle. Verdict: Long-term bullish setup confirmed. Ideal for accumulation and strategic positioning.
NSE:ANGELONELong
by TechnicalAnalystSucrit
4
EOSE - Wait for discount zone to load upWOW !! EOSE !! Yes, we all know , it's a little bit parabolic. I'm planning to add more on the dips. - If it gives a pullback up to 8-10, it's a gift IMO. - Wait for the ABC correction wave to complete. - Wait for the anchored VWAPs to catch up. - Blackrock started adding this. - We'll see some upgrades next week or later. Strong dip buy anywhere between 8-10 Target 1 - 30 Target 2 - 40 These targets are just for the traders. If we are looking at long term basis, this is a 10x-20x potential name.
NASDAQ:EOSELong
by just4tradin
2
NOK/USD Long-Term Elliott Wave OutlookThis weekly chart of the Norwegian Krone against the U.S. Dollar (NOK/USD) shows a clear long-term bearish structure within a descending Elliott Wave channel. The pair has been in a sustained downtrend since 2008, forming a five-wave impulsive pattern. Wave (1) and (3) are already completed, with Wave (3) extending to the 1.618 Fibonacci projection level — a typical target for a strong third wave. The recent corrective structure suggests the completion of Wave (2) of a larger degree, likely retracing between the 0.382 and 0.618 Fibonacci levels. The projection anticipates the start of a new bearish cycle with the unfolding of Wave (3) → (4) → (5), targeting the 0.055–0.06 zone. This region aligns with long-term Fibonacci confluence and the lower boundary of the descending channel, representing a potential final low before a major trend reversal. Traders should monitor confirmation signals on lower timeframes to validate the start of Wave (3) down. Disclaimer: The charts I post are based on Elliott Wave Principle and are intended to be self-explanatory. TradingView requires a meaningful description, and this text was AI-generated to provide accessible context for those less familiar with Elliott Wave concepts. This is not financial advice.
Short
by trader0x42
2
TCS Trend Reversal ??🔹 Wave Structure Overview The chart clearly maps a complete 5-wave impulse uptrend (green count) followed by a 5-wave corrective decline (red count). The current position indicates that Wave 5 of the corrective phase has just completed — signaling a possible end of the downtrend and setup for a bullish reversal. 🔹 Key Observations Support Zone: Strong horizontal support lies between ₹2,880–₹2,950, previously tested multiple times since 2021. Price is currently hovering at this zone, showing signs of consolidation and potential reversal. Wave Count Analysis: The correction from the top (~₹4,600) unfolded in a clear 5-wave structure (1–2–3–4–5). Subwave (5) appears to have terminated near the major support — a typical ending point for an Elliott Wave correction. Pattern Recognition: A falling wedge structure can be observed near the Wave 5 termination, which often precedes a bullish breakout. The oscillator at the bottom also indicates oversold levels, reinforcing the likelihood of a rebound. 🔹 Projected Path (Next Phase) The chart projects a corrective rally (A–B–C) following the completed 5-wave decline: Wave A: Initial sharp rebound possibly toward ₹3,600–₹3,700. Wave B: Pullback to retest lower supports near ₹3,200–₹3,300. Wave C: Final leg up toward ₹4,200–₹4,400 range. This A–B–C pattern would represent a corrective recovery phase before the next larger structure develops. 🔹 Sentiment & Outlook Aspect View Current Trend Bearish cycle likely completed Immediate Bias Bullish rebound expected Support Zone ₹2,880–₹2,950 Upside Targets ₹3,700 (A), ₹4,400 (C) Invalidation Level Breakdown below ₹2,880 Momentum Oversold, positive divergence forming 🔹 Conclusion TCS appears to have completed a major correction and is positioned for a medium-term trend reversal. Holding above ₹2,880 will confirm strength, potentially leading to an A–B–C recovery toward ₹4,400 levels. Momentum indicators and wave structure both support the beginning of a bullish phase after a prolonged decline.
NSE:TCSLong
by GKTrademanthan
1
More downside for BitcoinHi traders, Last week Bitcoin made correction up (bearish) and went down. This could be a bigger (red) wave 4 correction down as I've said in my outlook. So now we could see more downside to the lower Weekly FVG. Let's see what the market does and react. Trade idea: Wait for a correction up on a smaller timeframe to trade shorts. This shared post is only my point of view on what could be the next move in this pair based on my technical analysis. But I react and trade on what I see in the chart, not what I've predicted or expect. Don't be emotional, just trade your plan! Eduwave
Short
by EduwaveTrading
1
Gold keeps on risingHi traders, Last week gold went up, up, up and after that a downmove. The corrections on gold are very small. So it could go up again now from the bullish Daily FVG. Or next week we see a correction up and another downmove for the finish of a bigger correction. Let's see what price does and react. Trade idea: Wait for a small correction down on a lower timeframe and a change in orderflow to bullish to trade longs. This shared post is only my point of view on what could be the next move in this pair based on my technical analysis. But I react and trade on what I see in the chart, not what I've predicted or expect. Don't be emotional, just trade your plan! Eduwave
OANDA:XAUUSDLong
by EduwaveTrading
This could be a big Triangle on SPX500USDHi traders, Last week we saw a correction up and more downside for SPX500USD just as I've said in my outlook. On Friday it went up again so the corrective pattern could be a Triangle. In that case next week we could see another correction down and after that up again. Let's see what the market does and react. Trade idea: Wait for the finish of this bigger correction. Trading inside a Triangle is a sure way to lose. This shared post is only my point of view on what could be the next move in this pair based on my technical analysis. But I react and trade on what I see in the chart, not what I've predicted or expect. Don't be emotional, just trade your plan! Eduwave
OANDA:SPX500USD
by EduwaveTrading
EU could go up nowHi traders, Last week EU made a correction down and started the upmove as I've said in my outlook. So next week we could see more upside from the bullish Daily FVG's after the finish of the correction down. Let's see what the market does and react. Trade idea: Wait for price come into the bullish Daily FVG and reverse. After an impulse wave up and a correction down, look for a change in orderflow to bullish on a lower time frame to trade longs. This shared post is only my point of view on what could be the next move in this pair based on my technical analysis. But I react and trade on what I see in the chart, not what I've predicted or expect. Don't be emotional, just trade your plan! Eduwave
Long
by EduwaveTrading
ADA 5% DROP AHEAD!Theres a chance we get one more push up to test the supply zone ahead before moving down but if not and we move lower from here, it's a 5% drop to the nearest support level. Just sit back and enjoy the ride. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
Short
by Navitility
1