Elliotwaveanalysis
Gold Update – With US Banks Closed, Beware of a Possible TrapGold Update – With US Banks Closed, Beware of a Possible Trap
Hello traders,
With US banks closed today, market liquidity linked to the dollar may be thinner than usual, creating less predictable moves for gold. The rally during the Asian session has tempted many traders to look for a “sell the top” opportunity with hopes of sizeable profits.
In my view, the market could set up a trap for short-sellers, meaning price may either push higher during the US session or remain sideways at current levels before revealing clearer direction.
At this stage, it may be better to wait for a cleaner wave structure before committing. The priority should still be trading in line with the broader uptrend.
Buy entry zone: around 3340–3345, with a stop-loss of roughly 10 dollars.
For short positions: patience is key – wait for clear channel confirmation on the M15–H1 timeframes before considering entries.
That’s my current view on gold for today’s US session. Use it as reference and manage risk carefully.
Hellena | GOLD (4H): LONG to resistance area of 3460.Dear colleagues, the idea is generally simple and clear.
In the upward movement of waves “3”, “4”, “5” the price should update the maximum of waves ‘D’ and “B” 3448.87.
This means that we should expect the price in the area of 3460.
The target is quite close and I think there is reason to believe that it will be reached next week.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Bitcoin – Technical Scenario for the New WeekBitcoin – Technical Scenario for the New Week
Hello traders,
BTC continues to move in line with expectations. On the chart, price has held firm after breaking below the rising channel, and the medium-term bearish structure on the H4 timeframe remains well intact.
In the longer term, confirmation of deeper downside will require breaks of major support levels on higher timeframes. For now, however, the outlook remains unchanged from my previous analysis:
Short zone: still valid around 111k
Long zone: still valid around 105k
At the start of the week, BTC may continue consolidating for another one or two sessions to build liquidity before committing to its next move.
This is my current technical perspective on BTC for the week ahead. Trade with discipline, and feel free to share your outlook in the comments.
Gold Trading Scenario – Start of the WeekGold Trading Scenario – Start of the Week
Hello traders,
A new week begins with gold holding steady above the 34xx zone, establishing a fresh value area. The current structure has already broken through key resistance levels on the higher timeframe – including the daily trendline and H4 barriers – confirming strong bullish momentum.
The rally played out exactly as expected, reaching the target around 3450 (with a high of 3454). Price is now showing a slight pullback. This will only be seen as a trend reversal if price breaks below 3404. Otherwise, it’s simply a secondary correction in line with Dow Theory.
Wave 5 may have already completed, but the ABC structure is not yet clear. For that reason, I continue to favour buying in line with the trend to maintain higher probability setups.
Buy zone for today: 3408–3412. This area previously acted as resistance, but was broken on Friday and now serves as a solid support region.
This is my medium-term outlook for gold at the start of the week. Take it as reference, and feel free to share your thoughts in the comments so we can discuss further.
Daily Outlook on GSVR Guanajuato Silver CompanyThis is my Daily chart outlook for TSXV:GSVR I have added in tranches during the decline looking for the up move which I believe is unfolding now. The chart could unfold in ABC or 12345. Price currently looks like it is ready to breakout of the wave 2 consolidation.
Bitcoin Confirms Downtrend – Short Bias in PlayBitcoin Confirms Downtrend – Short Bias in Play
Hello traders,
BTC has shown strong bearish momentum, breaking below a key support and falling out of the rising channel. With price now holding firmly beneath this area, the downtrend has been confirmed.
The focus now is on waiting for a pullback to find better short entries. The 111k level is a key zone to watch, where a retest of the broken channel could provide an ideal entry, creating a clean Dow structure for further downside.
Short scenario: Entry around 111k, with a target near 105k.
Long reaction trade: Around 105k, a small long can be considered to capture a short-term bounce as liquidity is absorbed, also offering relief for any trapped short positions.
The medium-term bias remains firmly bearish until structure changes.
That’s my perspective on BTC going forward. Manage risk carefully and share your thoughts in the comments – do you see further downside or a potential reversal?
Ethereum Trading PlanCRYPTO:ETHUSD remains in corrective mode and could extend lower into early September, targeting the equal legs zone at $4022–$3627.
This area may set the stage for the next daily higher low, paving the way for a bullish resumption and a potential breakout above $5K.
Bullish Structure remains intact, let price confirm before positioning for the next leg.
⚠️ Disclaimer: This is not a recommendation to sell or short ETH. The analysis is intended as a preparation for a potential long entry, if price drops into the highlighted support zone.
Bitcoin – Next Buying Area in Focus📊 Zooming out to the daily chart, CRYPTO:BTCUSD is currently correcting against the April low, following the completion of that bullish cycle. The 38.2% Fibonacci retracement near $105K stands out as a key technical zone where a higher low could form heading into September.
Structure remains intact, and patience here could unlock a cleaner entry with better risk-reward.
⚠️ Reminder: The daily buying zone spans a wide range from $105K to $97K—this isn’t a pinpoint level for random entries.
If you're a trader, you need a clear plan: defined entry levels, stop-loss, and exit strategy.
No guesswork. No chasing. Let price come to you and act with precision.
Ethena Bullish Confluence Zone in Sight📊 CRYPTO:ENAUSD Ended the cycle form June low and current pullback is looking for the next buying opportunity around equal legs rea $0.53 - $0.47 before resuming the rally again.
The overlap between the 50%–61.8% Fibonacci retracement adds solid confluence for bulls eyeing the next higher low in the $0.55–$0.46 range.
This zone aligns with structural support and could offer a high-conviction entry—if price reacts with proper momentum.
Let price come to you. Plan your entry, stop, and exit accordingly.
Mastering the Elliott Wave Pattern🔵 Mastering the Elliott Wave Pattern: Structure, Psychology, and Trading Tips
Difficulty: 🐳🐳🐳🐋🐋 (Intermediate+)
This article is for traders who want to understand the logic behind Elliott Waves — not just memorize patterns. We’ll cover the structure, trader psychology behind each wave, and practical tips for applying it in modern markets.
🔵 INTRODUCTION
The Elliott Wave Theory is one of the oldest and most respected market models. Developed by Ralph Nelson Elliott in the 1930s, it proposes that price doesn’t move randomly — it follows repeating cycles of optimism and pessimism.
At its core, Elliott Wave helps traders see the bigger picture structure of the market. Instead of focusing on one candle or one setup, you learn to read the “story” across multiple waves.
2021 BTC TOP
TESLA Stock
🔵 THE BASIC 5-WAVE STRUCTURE
The foundation of Elliott Wave is the Impulse Wave — a 5-wave pattern that moves in the direction of the trend.
Wave 1: The first push, often driven by smart money entering early.
Wave 2: A correction that shakes out weak hands but doesn’t retrace fully.
Wave 3: The strongest and longest wave — fueled by mass participation.
Wave 4: A pause, consolidation, or sideways correction.
Wave 5: The final push — often weaker, driven by late retail traders.
🔵 THE CORRECTIVE 3-WAVE STRUCTURE
After the 5-wave impulse comes a 3-wave correction , labeled A-B-C.
Wave A: First countertrend move — often mistaken as a dip.
Wave B: A false rally — traps late buyers.
Wave C: A stronger decline (or rally in bearish market), often equal to or longer than Wave A.
Together, the impulse (5) and correction (3) form an 8-wave cycle .
🔵 PSYCHOLOGY BEHIND THE WAVES
Each wave reflects trader psychology:
Wave 1: Smart money positions quietly.
Wave 2: Retail doubts the trend — “it’s just a pullback.”
Wave 3: Mass recognition, everyone piles in.
Wave 4: Profit-taking and hesitation.
Wave 5: Final retail FOMO.
A-B-C: Reality check, trend unwinds before cycle resets.
🔵 TRADING WITH ELLIOTT WAVES
1️⃣ Spot the Trend
Identify whether the market is in an impulse (5-wave) or correction (A-B-C).
2️⃣ Use Fibonacci for Validation
Wave 2 usually retraces 50–61.8-78.6% of Wave 1.
Wave 3 often extends 161.8% of Wave 1.
Wave 5 is often equal to Wave 1.
3️⃣ Trade the Highest-Probability Waves
Wave 3 (trend acceleration) and Wave C (correction completion) are often the cleanest opportunities.
4️⃣ Don’t Force It
Not every market move is Elliott Wave. Use it as a framework, not a rulebook.
🔵 COMMON MISTAKES
Over-labeling: Trying to force waves where they don’t exist.
Ignoring timeframes: Waves may look different across scales.
Trading every wave: Not all waves are high-probability setups.
🔵 CONCLUSION
The Elliott Wave Theory isn’t about perfection — it’s about perspective. It helps traders understand market cycles, recognize crowd psychology, and anticipate major turning points.
Use Elliott Wave as a map , not a prediction tool. When combined with confluence — volume, liquidity zones, or trend filters — it becomes a powerful edge.
Do you trade with Elliott Waves? Or do you think they’re too subjective? Share your experience below!
Hellena | SPX500 (4H): LONG to resistance area of 6596 .Dear colleagues, I haven't made a forecast for the SNP500 in a long time and was waiting for a correction, but it seems that a major correction is not yet close, and at the moment the price continues to be in an upward five-wave movement.
Therefore, I believe that we should expect to reach the 6596 area, which will mark the end of the medium-term wave “3.”
The corrections are not very deep at the moment, but the price may reach the 6317 area before continuing its upward movement.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Bitcoin – Short-Term Outlook at Key LevelsBitcoin – Short-Term Outlook at Key Levels
Hello traders,
BTC is consolidating around the rising trendline on the daily chart, showing a firm rejection at this level. The broader structure remains in line with the scenario I shared previously, but here’s an updated view to refine short-term opportunities.
The channel is still the main focus. Recent sideways price action has formed a key support–resistance zone, which will decide the next short-term move:
113.3k resistance: A breakout here would confirm fresh long positions.
108.8k support: A breakdown would trigger short opportunities.
Should support fail, the medium-term bias shifts to the bearish path outlined earlier, with potential downside towards the 9x region, supported by the larger timeframe structure.
That’s my current outlook for BTC in the short term. Manage risk carefully, and let’s see how price reacts at these critical levels. Share your view in the comments – do you see BTC breaking higher or lower?
Canaopy Growth looking to break outCannabis stocks are finally starting to wake up after rumours that Trump will finally legalize weed in the country.
A break above $1.99 should open $3.84 where the line linking the tops and the former lows should act as important resistances.
A break below $1.15 should invalidate this view.
XAUUSD Price Action Update – Waves in PlayXAUUSD Price Action Update – Waves in Play
Hello traders,
As I shared yesterday in the long-term outlook for gold, the first scenario is playing out almost perfectly. Price reaction levels have been spot on, making trading much easier – and that’s exactly why detailed planning is so important when building a scenario.
Key reaction zones have already delivered profits: the buy at 3375 and the sell at 3409 both worked well. More importantly, my long-side projection is still valid, with targets at least around 3430 and potentially as high as 3450.
Following that scenario, the plan remains to look for buy entries on pullbacks, since no market goes straight up or straight down. Every move needs secondary phases of liquidity grabs and corrections.
With the current structure, buying here feels a bit “mid-range”, but with larger profit potential the risk can be justified. A buy entry around 3405 looks reasonable, while corrective short setups can be considered near 3430.
Holding onto long positions at current levels remains very logical – and remember, cultivating the right trading mindset is just as important as finding good entries.
Drop your thoughts in the comments, let’s discuss this setup together.
Hellena | GOLD (4H): LONG to resistance area of 3400 (Wave 3).I am updating my idea because I have a certain vision of the situation, like the diagonal “ABCDE”, in which the movement has already ended. It is quite remarkable that this scenario, like the previous one, envisages a continuation of the upward movement.
Therefore, I am considering a small correction to the 3300 area (wave “2”), followed by a continuation of the upward movement to the 3400 resistance area.
If the price reaches the target immediately, this does not contradict the idea. Therefore, I recommend considering only long positions or limit orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
XAUUSD – Medium-Term Trading OutlookXAUUSD – Medium-Term Trading Outlook
Hello traders,
Gold is now entering the final stage of its flag formation. Medium-term traders are watching closely for a clear breakout confirmation, as this will define the next medium- to long-term move. Once price confirms the break, the plan is to enter immediately in the direction of that breakout.
In the meantime, short-term and intraday traders can continue trading within the flag, taking advantage of scalping opportunities inside the range.
From my perspective, the probability of an upside breakout and continuation of the broader bullish trend is fairly high after such a long consolidation. To optimise entries, it makes sense to buy near the lower boundary of the trendline, with stop-losses placed immediately if the pattern breaks down. The key level to watch is the Fibonacci retracement 0.5 at 3354 – an area that acts as both dynamic and static support, as well as a critical Fibonacci level. This is a strong zone for long-term buy setups.
Additionally, an earlier entry can be considered around 3372, where the previous candle showed strong buying momentum. Traders entering here should keep stops tight, just below the nearest support.
This bullish outlook would only be invalidated if price breaks below the lower trendline and closes firmly underneath it, confirming a reversal.
Wishing you success with this trading plan. If you share a similar outlook, feel free to drop your thoughts in the comments and let’s discuss further.
Nvida Earnings Next, Can Cryptos Stabilize? Cryptocurrencies stabilized a bit in the last 24 hours while stocks also rebounded yesterday during the US session, but the dollar is still moving sideways. Maybe there will be a bit of slow day ahead, till NVIDA earnings are released. Data will be announced today, after the US close, when we’ll get Nvidia earnings, which should also be important for the crypto space. And if results beat expectations—or in other words if the market moves higher after hours—then cryptos could also do well. Looking at Nvidia’s wave count, price could be eyeing new highs after a bounce from 170 support, so maybe a minor fourth wave has finished and we could even see a gap higher after earnings, with potential resistance around the 200 round figure.
If earnings disappoint and price gaps lower, I would still see this as a higher-degree corrective wave four retracement, and maybe some opportunities later on to fill the gap. Key support to watch is around 150, the previous high. So even if there’s some downside, as long as any drop it’s not too deep, I still view this stock as bullish within an unfinished impulse, and whenever Nvidia is ready to print new highs, that’s when cryptos could also stabilize.
Grega
Bitcoin – Long-Term Outlook with Elliott Wave StructureBitcoin – Long-Term Outlook with Elliott Wave Structure
Hello traders,
Taking a step back for a medium- to long-term perspective on BTC. The broader trend remains bullish, yet for any rally to be sustainable, corrective phases are essential. Right now, BTC is in a corrective move, which aligns with wave 4 of the Elliott Wave structure.
To measure the depth of this correction before wave 5 develops, we can look at the Fibonacci retracement levels. Two zones stand out as significant: 0.618 and 0.5.
At 0.618, support is strong but not yet decisive. If price reacts here and wave 5 unfolds, the Elliott count stays intact and relatively clean.
At 0.5, this is often the ideal retracement level on Fibonacci. The chart also shows this as a major structural support. If it breaks, deeper downside could follow, as the ascending trendline also suggests.
Long-Term Trading Plan
Entry 1: Around the 0.618 retracement at 105k
Entry 2: Around the 0.5 retracement at 99k
This setup forms the basis for a medium-term strategy, but if the second zone (99k) holds strongly, it could well serve as the foundation for a longer-term bullish cycle.
Stay patient, keep risk management at the forefront, and let the structure play out.
What’s your take on BTC’s long-term wave structure? Drop your thoughts in the comments and let’s discuss.