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Elliott Wave

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
21
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
That's good.Looking at this story I tend to believe that the full cycle of growth and correction has been completed, which should in theory open the way for a new impulse wave one. August just closed with a bullish indication (3s bull) and we have a second green candle in a row (Heikin Ashi). That said, the OTHERS itself is rather treading water for now. But I tend to think that growth has already started and now triggers are needed. As I have said many times, Powell's statements (alas) are such a trigger. Although the crypto market should have sent the US monetary authorities to hell a long time ago.
CRYPTOCAP:OTHERS
by averkie_skila
5
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
GBPUSD → Retest resistance for a breakout. Distribution?FX:GBPUSD is attempting to break through the resistance of the symmetrical triangle consolidation pattern, which is a continuation pattern of the main bullish trend. Against the backdrop of stagnation and weakening of the dollar index, the GBPUSD price has stopped updating local lows, and consolidation in the form of a symmetrical triangle is forming. The strengthening of the GBP led to a breakout of the consolidation resistance, and if the bulls can stay above 1.352, then the market may trigger a rally to the resistance at 1.3588, from which a small correction is expected before continuing to grow to 1.378 thanks to motivated buyers. Resistance levels: 1.3589, 1.3674 Support levels: 1.3524, 1.3446 In the 1.3525 zone, there may be a prolonged struggle for the buying area (above resistance). If the bulls manage to stay above the resistance conglomerate, this will confirm the fact of a resistance breakout and the end of the downward correction, which may trigger a continuation of the global trend and price growth to 1.378. Best regards, R. Linda!
Long
by RLinda
9
XRP - 4H Elliott Wave Analysis - 22.08.25Looks as if XRP is in another of it's famous sideways consolidation phases! We assume the high which we created in July was the blue Wave 3 and we are currently working on the blue Wave 4 for which we have two scenarios for. Scenario 1: The Wave 4 is forming as a triangle displayed as pink ABCDE as we see corrective price action in the moves up and in the moves down at the same time. Additionally we get lower highs and higher lows. It seems that we have the Wave AB and C of the triangle in and are currently working in Wave D which should form as another ABC. Today's rally is presumably the Wave A of the ABC in Wave D. The Wave D target area is between the 0.382 FIB at 2.9985 USD and the 0.886 FIB at 3.3093 USD. After the D Wave we would like to see the E Wave which can be shallow follow by a breakout to the upside which would take us to a new ATH. Scenario 2: In this scenario the pink Wave A and B still stay the same but we assume that we are not in a triangle and we get a deeper Wave C. As already mentioned in previous analyses this deep Wave C should take us to 2.52 USD or even lower. In this scenario we would need to count the move up that we started in April as a diagonal or even some corrective structure to the upside. We deem that scenario 1 has the higher probability of playing out but it is important to know about the alternative and the risks that come with it. A break below the pink A Wave which sits at 2.7280 USD would invalidate the idea of a triangle and shift probabilities towards scenario 2. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
Be careful - ETH weekly analysis Sep 1 - 7ththereum currently presents two possible interpretations. Either we remain in a corrective structure within Intermediate Wave 4, or we are already forming a 1–2 setup at the Minute degree, which would imply the start of an impulsive rally. My primary scenario, however, favors the correction. The reason is simple: despite the current bullish news flow, the internal structure does not provide enough confirmation for me to adopt the 1–2 setup as the main count. The order book shows notable order clusters around $4.2k and additional orders at $4k, while the liquidation heatmap highlights significant liquidity at the $4k level. Of course, shorter-term liquidity and orders exist above current price, but the fact that the recent pump occurred as a typical “Sunday pump” makes me cautious about taking longs in this environment. Derivative data supports the cautious stance. Open interest has stabilized, while funding rates have slipped back into negative territory. This suggests bearish sentiment is still dominant. When combined with the liquidity sitting above current price, the bearish argument is further reinforced. Additionally, it is worth noting that Fetch.ai has recently broken its bullish structure, and from experience, other altcoins often follow such bearish turnarounds. For now, I am short positioned. Key levels to watch include the 0.618 retracement of the supposed Minute Wave 2, which could act as a potential reversal zone. However, once the low of Minute Wave 1 is broken, I expect the path toward $4,000 to open up.
BINANCE:ETHUSDShort
by Phillipklh
2
Bitcoin at Heavy Support – Will Bulls Defend or Break Below?Bitcoin ( BINANCE:BTCUSDT ) fell as I expected in my previous idea . The question is, can Bitcoin break the Heavy Support zone($111,980-$105,820) ? Bitcoin is currently trading in the lower areas of the Heavy Support zone($111,980-$105,820) and near the Support lines and Cumulative Long Liquidation Leverage($107,000-$106,330) . In terms of Elliott Wave theory , it seems that Bitcoin has completed 5 downwaves at the support lines, and we should expect upward corrective waves . The corrective waves could follow the Expanding Flat(ABC/3-3-5) . Also, we can see the Regular Divergence(RD+) between Consecutive Valleys. I expect that if Bitcoin is going to break the Heavy Support zone($111,980-$105,820) , it will attack the Resistance zone($110,920-$110,200) and the Resistance lines first. Do you agree with me!? Cumulative Short Liquidation Leverage: $110,147-$109,266 CME Gap: $117,235-$113,800 Stop Loss(SL): $105,600(Worst) Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 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
38
NIFTY50....Wave iv complete?Hello Traders, the NIFTY50 has probably complete a wave iii of lower degree. It closed the day @ 24625. In contrast of a wave ii, that has lasted for one day also, this wave could be complete. In this case, the next move should occurr to the downside and complete a wave v! Targets are still valid and have been published yesterday! If this move instead was all of the correction, it should start a new advance and create possibly new high's above 25153 on August 21th. While the move for now looks like a "three-down" I await another wave to the downside to accomplishe a "five-down"! So friends, 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
1
TAO/USDT LONG BIAS COUNT EWT on the daily confluences using ewt if my count is correct  we are approaching on wave 3 at price key point around 316.95  conservative entry  with the stop loss @273 as acting my invalidation  targetting @924 preice level  but this is only my own projection for this pair your perspective and other count for this technical analysis is very welcome… t.y  by the way im not a financial advisor or any im just a student in this kind of market BYBIT:TAOUSDT.P
Long
by eleven_one
Crypto Market Approaching Support, While Finishing A CorrectionGood morning Crypto traders! Crypto market continues to slow down due to consolidation in stocks, but notice that the US dollar remains bearish, while gold is experiencing a strong bullish breakout. This suggests that we are still in a risk-on environment, meaning stocks could continue higher, while cryptocurrencies may soon stabilize. Crypto TOTAL market cap chart now appears to be approaching the key 3.6 - 3.5T support area within a three-wave ABC correction for wave 4, from where bulls for wave 5 may show up again, especially considering that the NASDAQ could be completing a bullish running triangle, while the US dollar index (DXY) is forming a bearish one.
CRYPTOCAP:TOTALLong
by ew-forecast
NIFTY50..... No news to report!Hello Traders, the NIFTY50 has closed the week with a loss of 443.25 points, or 1.78%! It dropped back into the sky blue rectangle I have drew at chart. Please note that I have left the forecast arrow unchanged. Chart analysis: In my view, is a drop into the retracements to favor. If the low of 24317.55 will be undercut, the door would be open to ~24K area! Short term, a drop to around 24260 range would be possible, before a wave iv could start. But this is not for sure! My personal argument is following. Before a "sell-off" hasn't occurred, the downtrend is valid. It needs a gap-down or a dramatic "sell-off" in the coming days/weeks to end this correction. As I told before: The longer a correction takes to happen, the more severe it will be. That is exactly what we are experiencing now! While it takes an advance move above the 24991 area to start a new impulsive structure, this is not something that I would wait for. Seasonally the time is "textbook-like" for a corrective phase off the year and this is what I speculate on! Ok, the Investors who only trade n a "daily-close" basis should sell their stocks/option on Monday! After they did, a countertrend move to the upside could be possible. After, a decline again is in the cards. This is the "game" big money is playing right now! So, be prepared for the unexpected and wait for clear structures and the chance to fill the Christmas money box! That's it for the weekend. There probably will be no forecast at the coming weekend, 'cause of a short trip for some days. I am offline! Have a great week..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
2
CRYPTO: OTHERS (1W)'OTHERS' is an index that tracks the total market cap of crypto excluding the top 10. This is very helpful in determining the performance of alt coins. Chart shows that there is a current resistance hanging in around the ATH (486.4B). If it breaks, we can likely see targets of around 798.92B as it is trying to complete wave (3) of the wave 5 encircled count. If price decides to reject the resistance rather than breaking, it is still safe to assume that we are in an uptrend as long as the price doesn't enter the area of wave (1) once it reaches 471.66B. Summary: Target of Wave (3) - 471.66B or 798.92B Invalidation - 177.51B Feel free to comment your thoughts :)
CRYPTOCAP:OTHERSLong
by Kap_Waves