Dollar In Range-And It May Not Be Broken Soon...Stocks are pushing nicely to the upside after some optimism that a deal could be reached between the US and China regarding tariffs, as reported this weekend by Trump himself. He’s clearly driving the market into a risk-on mode.
However, it’s interesting to see that the dollar is still going nowhere; the only FX market showing a more decisive move is the Aussie, which is naturally benefiting from this story.
Looking at the dollar index, no one knows where it wants to move but basic analysis in ranges is simple; "down from resistance, up from the support".
Keep in mind we’re still missing the latest US jobs data, so the outlook for further cuts remains uncertain, and that could keep the dollar moving sideways for now.
Have a nice trading week!
GH
Elliotwaveanalysis
Elliot Waves showing teji in CUMMINS INDIAWave Structure Overview – Elliott Cycle Breakdown
This chart captures a full Elliott Wave impulse cycle (1–5) followed by the anticipated corrective phase (a–b–c). It reflects market psychology in motion—from early optimism to trend exhaustion.
Wave Summary:
Wave (1): Initial breakout – trend confirmation begins
Wave (2): Shallow pullback – bullish continuation
Wave (3): Ends at 6500 – strongest wave, broad participation
Wave (4): Corrects to 5000 – healthy retracement, sets up final push
Wave (5): Ends at 8995 – final rally, possible exhaustion or divergence
Wave a–b–c: Expected next – corrective structure likely
Technical Insights
Wave 3 shows classic acceleration – ideal for breakout teaching
Wave 4 respects Fibonacci zones – great for entry logic
Wave 5 overshoots – likely divergence, ideal for reversal training
Strategic Takeaways – For Traders & Students
Impulse cycle (1–5) is complete
Wave 5 has peaked at 8995 – trend exhaustion likely
What’s Next Prepare for a–b–c corrective structure
Watch for: RSI divergence
Volume drop
Fibonacci retracement zones (38.2%–61.8%)
“Wave 5 has completed at 8995. Expect a corrective a–b–c structure. Avoid fresh longs. Ideal time to teach reversal setups, divergence spotting, and Fibonacci retracement logic.”
Hellena | SPX500 (4H): LONG to resistance area of 6777.Price made a sharp and strong move to the 6503 level, making wave “4” quite large, but this move did not break the structure.
I think that now the price is in the big wave "5" and middle wave "2".
I think that there will be an upward movement with the purpose to renew the maximum of the wave "3" of higher order.
Therefore, I expect the price in the resistance area of 6777.
Fundamental context
After the sharp drop, the market quickly recovered — investors are once again turning to risk assets amid growing expectations of upcoming Fed rate cuts.
Inflation data came out under control, and corporate earnings have been stronger than expected, boosting confidence in the U.S. economy.
With the dollar losing momentum and bond yields easing, the S&P 500 now has room to extend its move upward toward the resistance area near 6777.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Apple: New All-Time High as Low Is Adjusted Apple has recently seen a period of heightened volatility, marked by sharp gains and notable pullbacks. In response to the latest price action, we’ve made a slight adjustment to our wave count and revised the low for magenta wave (4). We’re now allowing for magenta wave (5) to break above the $260.10 resistance level, which would complete green wave . Our alternative scenario, which carries a 34% probability, still calls for a new corrective low in blue wave alt.(IV). In this case, Apple would have just finished beige wave alt.b slightly above $260.10 and would next decline in wave alt.c, falling below support at $212.94. Even so, the alternative corrective low would remain above the $168 level.
DAX/GER40, technical analysis 1DHello traders,
We bring you another important technical analysis on the DAX index.
We can see that according to Elliott Wave theory we have completed corrective ABC structure, also taken liquidity and started the bullish 12345 structure in smaller timeframe as u can see on the chart.
So the next outlook is that the value of the DAX index will increase.
But be careful!
It is necessary to respect the invalidation level in this case.
We also have to take into account the war in Ukraine, all of President Trump's statements, interest rates, and other stimuli that can change the market instantly!
WavePulse
Bitcoin - BTCUSDT – Daily NeoWave AnalysisStructure: Contracting Triangle (ABCDE)
Current Price: $108,985 (+1.3%)
🧠 Wave Structure Overview
Bitcoin’s daily chart is forming a Contracting Triangle pattern under NeoWave principles (Glen Neely).
This triangle appears to be part of a wave (4) correction within a larger impulsive cycle, consisting of subwaves A–B–C–D–E with well-balanced price and time proportions.
🔹 Wave Details
Wave A: Decline from 126K → 104K
Type: Impulsive start, setting the corrective tone.
Wave B: Sharp recovery to 123K (≈78.6% retrace of A)
Type: Zigzag – strong bullish response typical for triangles.
Wave C: Pullback to 106K, forming a 3-wave Flat correction.
Wave D: Rally to 118–119K, reaching 70% of wave B — perfectly proportional for a contracting structure.
Wave E: Final leg down toward 106K–107K, with diminishing momentum and volume — a textbook NeoWave E-wave behavior signaling triangle completion.
🔍 Technical Observations
Strong bullish divergence between price and RSI/OBV at the E-wave low.
Decreasing volume during wave E → confirms a terminal corrective phase.
Price remains above the long-term rising trendline and key demand zone near 106K.
🟢 Primary Scenario (≈70% Probability)
Triangle completed at E-wave (106K) → beginning of wave (5) to the upside.
Targets:
1️⃣ 115K–118K – short-term breakout zone
2️⃣ 123K–126K – retest of triangle resistance
3️⃣ 138K–145K – extended target if wave (5) unfolds impulsively
🔴 Alternative Scenario (≈30% Probability)
If BTC breaks below 106K, wave E may extend deeper toward 102K–100K, forming a Running Triangle E before a strong bullish reversal.
⚙️ Summary
✅ Current pattern: Contracting Triangle (ABCDE)
✅ Position: End of wave E of (4)
📈 Expectation: Start of wave (5) impulsive advance
⚠️ Invalidation: Daily close below 102K
Conclusion:
BTC is likely completing a major corrective phase. Holding above 106K keeps the bullish breakout scenario valid — watch for a decisive move above 111K–112K to confirm the next impulsive leg.
Hellena | GOLD (4H): LONG to 61.8% Fibo of 4265.Dear colleagues, in the new forecast the idea remains the same - the upward momentum (12345) is not yet complete.
At the moment I see the end of the formation of the corrective wave “4” at the level of 4000, as stated earlier, and the beginning of the upward movement in wave “5”.
I do not want to set distant targets, because their achievement may take time, so let's start small - the nearest target is the resistance area at 4265 - the area beyond the 61.8% level of wave “4”. I think that this is the nearest target that we should expect.
Fundamental context
Earlier this week, gold experienced a sharp pull-back after its recent record highs. Nothing to panic about — it’s simply a technical correction: investors are taking profits after a rapid and extended rally. Key drivers like central bank buying and lower rate expectations remain intact, so the broader bullish story is still alive. In fact, this brief dip may offer a better entry point before the next leg up.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Netflix: Key Support Zone in sightNetflix shares have continued to decline since our last update. We have now provided additional detail on the ongoing turquoise wave 4, which is subdivided into a magenta three-part structure. Within this structure, wave is expected to push price further down into the turquoise Target Zone, between $962.77 and $845.22. The low point of the larger wave 4 is anticipated within this range. Only after reaching this level should wave 5 drive price back above the $1,341 mark. As such, the turquoise Target Zone presents long entry opportunities, which can be protected with a stop set 1% below the lower boundary of the zone. However, if price rises directly above the aforementioned resistance at $1,341, our alternative scenario would be triggered, and we would initially need to prepare for a higher wave alt.3 top (probability: 30%).
SAP SE – Wave 3 Macro Rally in Progress🚀 SAP SE – Wave 3 Macro Rally in Progress | Fibonacci Targets & Institutional Accumulation in Play 💼
📅 Timeframe : 3W (Macro Outlook)
📍 Current Price: 238.85
🎯 Wave 3 Target: ~1743 (2.618 Fibonacci Extension)
📊 Wave Structure & Elliott Theory
SAP SE appears to be mid-way through a major Elliott Wave cycle , where:
Wave 1 formed during the late 90s tech boom 📈
Wave 2 brought a deep correction post-2000 crash, respecting the 0.5 Fibonacci retracement
Wave 3 now underway, projected toward the 2.618 extension at ~1743 , suggesting a strong impulsive leg fueled by fundamentals and institutional accumulation
Wave 4 and 5 to come, but we are early in the Wave 3 journey – historically the most powerful wave in terms of price growth and investor sentiment ⚡
🧠 Smart Money Concepts (SMC)
✅ Reaccumulation Range: After an extended period of sideways price action (2001–2019), the chart shows clear signs of Smart Money accumulation – long-term positioning by institutions.
📈 Break of Structure (BOS): Clean break above prior macro highs indicates the end of reaccumulation and the start of a markup phase . This aligns with the SMC concept of entering trades after BOS and mitigation of supply zones.
📦 Liquidity Grab: Previous dips served to collect liquidity before major impulsive moves – a classic institutional playbook.
📐 Fibonacci Confluence
🔹 0.5 Retracement from Wave 1 → Wave 2 provided a textbook correction
🔹 2.618 Extension from Wave 1–2 projects a long-term Wave 3 target of ~1743 , giving this move macro-level significance
🔹 No visible divergence yet – momentum is supporting continuation 🌀
🔎 Price Action
Higher Highs & Higher Lows structure confirmed on multi-year view 📶
Strong bullish candles breaking historical resistances
No major supply zones overhead on the macro chart until much higher levels – suggests room for exponential upside
Pullbacks remain shallow, indicating strong buy-side pressure
🧾 Fundamental Outlook
SAP SE is Europe’s largest software company and a global ERP leader. It’s undergoing a digital transformation into cloud-based SaaS, improving recurring revenue and margins. 💻☁️
Strong balance sheet
Growing enterprise customer base
Cloud revenue growing YoY
Excellent positioning in AI and digital infrastructure themes going forward 🔮
Fundamentals support a multi-year bullish cycle , aligning perfectly with the current Wave 3 structure.
📌 Conclusion:
SAP is entering a potentially parabolic phase as part of a long-term Wave 3 impulse, supported by:
📈 Elliott Wave alignment
🔁 Institutional reaccumulation (SMC)
🔍 Strong technical structure & price action
📐 Fibonacci confluence
💼 Solid fundamental trajectory
As long as price holds above previous structure highs and no macroeconomic shock disrupts the tech cycle, SAP could be heading for an exponential breakout over the coming years.
⚠️ Disclaimer: This is not financial advice. For educational purposes only. Always manage risk and use proper position sizing. 🛡️
#SAP #SAPSE #ElliottWave #WaveAnalysis #Fibonacci #SmartMoney #PriceAction #LongTermInvestment #SwingTrading #TechnicalAnalysis #BullishSetup #MacroView #FibonacciExtensions #StockMarket #TradingStrategy #InstitutionalTrading #Breakout #Reaccumulation #ChartPattern #Fundamentals
Hellena | GOLD (4H): SHORT to support area of 4040.Gold is actively rising and I believe that before the impulse ends we should see the correction that many are expecting.
As of today, I see the completion of the higher order wave “3” and the approaching start of the correction in wave “4”. It makes no sense to put any distant plans in the correction and I think that the support area of 4040 looks quite attractive.
Fundamental context
Gold continues its rally and recently broke new highs, fueled by expectations of U.S. rate cuts, global uncertainty, and safe-haven demand. Central banks are still actively increasing their gold reserves — this structural demand adds support even if price pullbacks occur.
Supply growth is modest — mining output is constrained, and recycling of gold is not enough, which limits the downward pressure on prices.
Given this backdrop, the chance of a correction rises as momentum stretches — but the underlying fundamentals remain favorable for further upside once the correction completes.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The ratio of Silver / M2 reached an important resistanceThe ratio of Silver / M2 (x$1T) has reached an important resistance last Thursday. It also reached rare overbought condition (see the monthly RSI14 at the 78 resistance area). It is now due for a consolidation phase, support seen near 0.18 (implying a pullback of about 18% to $44 from the recent high of $54 on silver. This could take a few months (normally, but who knows) before exploding above the down trend line towards the 0.53 area. In summary, the rise of silver has just started.
AMD: Wave [iv] Low AMD shares have recently gained upward momentum as anticipated, confirming the low of wave in magenta. In light of this, we have added a new resistance level at $223.50 to the chart. The primary outlook is for the stock to continue completing the magenta five-wave sequence to the upside, thereby finishing the larger magenta wave (1). Afterward, wave (2) is expected to pull price back toward support at $164.53. Alternatively, AMD could see a direct sell-off, which would bring the alternative wave alt.(2) to an early conclusion. In this scenario, wave alt.(1) would already be complete, with a probability of 27%.
Hellena | Oil (4H): SHORT to support area of 54.00.As I continued to watch oil I realized that the structure I built in the last forecast is still in place. I think we should expect a correction in wave “4” to the 59.3 area, then a continuation of the downward movement at least to the 54.00 support area. This will be the completion of the downward impulse.
I do not exclude the probability of lengthening of wave “3” and in this case there will be no correction and the price will immediately reach the target.
Fundamental context
The oil market remains under pressure as supply continues to outpace demand, raising the risk of a surplus. Forecasts for 2025-2026 indicate higher production growth while consumption slows.
Rising inventories and a shift in the futures curve into contango suggest growing storage levels and weaker near-term demand.
Under these conditions, downside pressure persists, keeping the probability of a further decline high.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Microsoft: New Target Zone in PlaySince our last update, Microsoft shares have continued to decline, but there is still potential for an upside move. We do not yet consider the turquoise wave X to be complete. Once its high is established below the resistance at $562.17, we expect price to head lower toward the wave Y low. Our revised magenta long Target Zone is set between $477.87 and $451.84. The formation of this low should also mark the completion of magenta wave (4). Afterward, we anticipate the start of a new upward impulse within wave (5), which should push the stock above the $562.17 resistance and complete the larger blue wave (I). Alternatively, we assign a 36% probability to a scenario in which the recent high at $562.17 marked the end of beige wave alt.III . In this case, a decline below the support at $392.97 would be expected, forming the low of wave alt.IV .
Grand Silver SupercycleI present the Grand Silver Supercycle. Silver has followed Elliott Wave Theory nicely through the years. The price hit a century low during The Great Depression, beginning what I believe to be the first wave of a supercycle. There is a clear five wave pattern up from this low, peaking in 1980. This is supercycle wave 1. Then, we see a five wave corrective pattern down, bottoming out in the early 90s. Alternatively, a three wave ABC pattern could be drawn. This is where supercycle wave 3 begins. Wave 3 is typically much more prominent than wave 1 in Elliott Wave Theory. For this reason, it makes sense that the next five wave pattern ending in 2011 is only the first subwave of supercycle wave 3. The second subwave corrected to the 2020 low, and we are currently on the third subwave. Within this subwave, we could either be starting a third wave (as shown in the chart) or still be on the corrective second wave. I believe the former is much more likely due to fundamentals.
Price targets within the current subwave were estimated as follows:
wave 3 length = 1.618 X wave 1
wave 3 target = $48
wave 4 length = 38.2% retracement of wave 3
wave 5 length = 1.618 X (wave 3 end - wave 1 start)
I'm more confident on wave 3 ending near $48 than I am of wave 5 ending near $95. There is strong resistance at $50, which coincides with the Elliott target zone. Wave 5 length can vary significantly. For silver at least, fifth waves have traditionally been long ones.
Fundamentals
Elliott Wave Theory is only a tool. It needs to be backed up by fundamentals when forecasting on long time frames. Silver is undervalued due to many years of supply outstripping demand, creating cheap prices. That is in the early stages of changing as now demand outpaces supply. Global silver demand was expected to hit an all time high of 1.21 billion ounces in 2022 (www.silverinstitute.org). This is largely due to increases in demand in both industry (Green Revolution) and personal investment (stackers hedging against inflation). Silver reserves currently stand at 530,000 metric tons (www.statista.com). The current demand is 38,000 metric tons per year. A simple calculation shows existing reserves could be depleted in 14 years. However, this calculation doesn't take into account new discoveries and recycling, which have so far kept pace with demand. Estimates of time to depletion of reserves vary wildly from a couple decades to a few centuries. At the moment, the prime driver of price (in addition to inflation) will be the deficit, not depletion of reserves.
Inflation is a totally different animal that is much harder to forecast long term due to its close relationship to government and Federal Reserve policy. It is more likely that when presented the choice, our leaders choose high inflation over debt default and depression. How this all is going to play out is anyone's guess. It seems for now our leaders are trying to kick the can down the road for as long as possible. If hyperinflation hits, the silver price will reach extraordinary heights.
Bitcoin 4H Elliott Wave & Fibonacci ZonesThis 4-hour Bitcoin (BTCUSD) chart zooms in on the late-stage corrective action following a major Elliott Wave impulse completion. The complex WXY corrective structure appears to be near resolution, approaching key Fibonacci retracement zones from the prior wave sequence.
Elliott Wave & Fibonacci Confluence: The chart traces the final decline wave (Y) reaching just above the 23.6% retracement at $106,563, a critical technical confluence area where sellers have gained momentum. If support fails here, the next focus shifts downward toward the 38.2% ($95,604) and deeper retracement levels for potential stabilization.
Momentum & Indicators: RSI is nearing oversold levels on this timeframe, signaling that momentum may be waning and a reversal could be imminent. MACD and volume show signs of diminishing selling pressure, consistent with a corrective leg approaching exhaustion.
Trading Outlook: This 4-hour timeframe highlights a tightening short-term balance between sellers and prospective buyers, setting the stage for either a continued drop to stronger support zones or a base formation preceding a renewed bullish impulse. Traders should closely monitor price reactions at Fibonacci support, as these areas historically mark accumulation zones and inflection points in Bitcoin’s macro cycles.
This analysis serves as an update to our prior weekly outlook, zooming in to actionable price levels for tactical entry or risk management in anticipation of Bitcoin’s next significant directional move.
Hellena | Oil (4H): SHORT to support area of 56-57.Colleagues, price is actively moving in a downward direction and I believe the move is not yet complete.
Earlier I saw this move as a big correction, but now the structure is more of an impulsive one. This means that the price is moving in the wave “3” of the higher order (Red), which should be completed soon.
For this to happen, the price needs to complete the correction in the wave “4” of medium order and then update the low, reaching the support area of 56-57.
The extension of wave “3” is possible - then the price will reach the target without correction.
Fundamental context
Global oil inventories are forecast to rise through 2025, putting downward pressure on prices despite efforts by some producers to restrain output.
OPEC+ has been increasing production again, which adds to the supply burden.
Meanwhile, demand forecasts have been trimmed amid softer economic growth indicators in key consuming regions.
Major banks have lowered long-term price expectations for crude — the balance is tilting toward a more bearish outlook.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!






















