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Elliotwaveanalysis

XAU/USD 27.11.2024OANDA:XAUUSD Hello Traders, A quick update on gold: Wave Orange A is definitely completed. I’m now looking for bullish momentum, either as a 12345 setup (as I’ve drawn) or potentially as an ABC formation leading to my Orange B. The Fibonacci zones remain consistent regardless of the scenario. At the moment, I already have two buy positions. My current target is the retracement level of Wave B. Once I can confirm whether the structure is forming an ABC to B or a 12345 setup, I’ll adjust my target accordingly to the relevant Fibonacci extension level.
OANDA:XAUUSDLong
by ElliotXSolana
1
Gold (XAUUSD) ShortThis is not an financial advice. This is just my observation. 1. Gold is obviously bearish and the price is on its correction way. 2. Based on Elliot, the A and B wave has been completed and we are now in the wave C. In the wave C, the first and second waves are almost done and we are going to enter wave 3. The 2/C is reached to 50% correction. However, I have to admit that On Friday I expected that price should reach 2670 (on of the strangest price resistance level). On 4H time frame, yesterday price crossed down the EMA 200 which can be considered as an entry signal. 3. For long term (I think until next Fed reserve rate announcement, unless other news interrupt) price should meet about 2470, although more bearish is also possible. After 2470, I suppose we should look for a bullish signal. Until then, we have some minor SR levels, expectedly on about 2568, 2515. I am looking forward for your comments. Bests,
CAPITALCOM:GOLDShort
by jack_the_real_trader
1
BILDCO – UAE Stock Market (ADX) Bullish Reversal in Play BILDCO – Bullish Reversal in Play 🚀 Ticker: BILDCO (ADX) Timeframe: H1 Setup: Elliott Wave + Demand Zone Strategy Trading Idea: 1. The corrective Elliot Wave (c) ready to wrap up as price dips into a strong Daily Demand Zone between (0.620 - 0.600), right in line with the Fibonacci extensions 1.382 (0.5810) and 1.618 (0.5429). - If this level holds, we’re looking at the start of a fresh Wave (3) in a new impulse cycle – and Wave (3) doesn’t play small. 2. Demand Zone Confluence: - Heavy buy-side interest here; volume profile confirms it. This zone is loaded with potential. 3. Bullish Momentum Ahead? - Price action in this area will tell the story. Watch for confirmation with strong bullish candles (engulfing, hammer, or similar). Game Plan 1. Entry: - Long from 0.620 - 0.600, 2. Stop Loss: - Below the Demand Zone at 0.5712. Keep it tight, protect your capital. 3. Take Profits: - TP1: 0.7066 – First supply zone. - TP2: 0.7540 – Next major resistance. - TP3: 0.8711 – Targeting Wave (5) extension. 4. Risk-Reward: - Insane RRR of 1:8.59! Small risk, big potential move. Why This Setup Rocks - Demand Zone Holds Weight: Fibonacci + price action + volume = solid entry zone. - Wave (3) Firepower: It’s typically the biggest, most explosive wave – perfect for riding the trend. - Volume Backing It: Buyers are already lining up, which is what we want to see at key levels. --- ### Disclaimer Not financial advice – trade at your own risk. Always use proper risk management and evaluate your own strategy before entering a position. --- ### Follow for More Setups "Missed opportunities are a trader's biggest regret. Stay sharp, stick to the plan, and make the most of every move!" Hit Follow for more insights and ideas like this one. Let’s crush the markets together! 🚀💹
ADX:BILDCOLong
by DubaiTradersHub
4
EUR/USD Ready for Liftoff: Demand Zone Hold & Wave 1 Rally Incom"EUR/USD Ready for Liftoff: Demand Zone Hold & Wave 1 Rally Incoming 🚀" Analysis: Price has completed Wave (c) in a corrective structure and is primed for a bullish Wave (1) push. The pair is sitting strong in the 1.0200-1.0325 demand zone, showing signs of a bounce. Key Drivers: Forex Options Expiry: High activity around 1.0570-1.0600 today could act as a pivot zone for price. DXY Weakness: Dollar Index stalling below resistance supports EUR strength. The Setup: Long Entry: Look for buys near 1.0325 or on confirmation of a breakout above 1.0600. Stop Loss: Below 0.9538 (below the demand zone or the last swing low (wave c). Targets: T1: 1.1688 (Fibonacci extension level). T2: 1.2264-1.2345 (key supply zone). Risk-Reward Ratio: With a 6:1 RRR, this is a textbook setup for catching a multi-month rally. Quick Note for the Bulls: Stay patient for the demand zone reaction or confirmation of Wave 1 breaking higher. Protect your capital by sticking to the plan. Follow for more trade setups and share this idea to boost it to your trading circle! 💹 Disclaimer: This is not financial advice. Always manage your risk and trade responsibly.
Long
by DubaiTradersHub
2
Trading Idea: FIL/USDT on 2H TimeframeElliott Wave Analysis: On the 2H timeframe, Wave 4 has completed, as indicated by a retracement to a demand zone, respecting typical Elliott Wave guidelines (commonly a 38.2%-50% retracement of Wave 3). Wave 5 is now expected to push prices higher, completing the impulsive structure of Wave (3). The projected targets for Wave 5 align with Fibonacci extensions and prior resistance levels. Trade Plan: Entry: Enter long at the current price level (~5.70), as the market begins its Wave 5 rally. Confirmation of Wave 5 could include a breakout above the local high (~6.13), signaling bullish momentum. Stop Loss: Place a stop loss below the low of Wave 4 (~5.15), as a break below this level invalidates the wave count. Targets: First Target (T1): 6.60 — Completion of Wave 5 based on Fibonacci extensions of Wave (3). Second Target (T2): 7.38 — A higher extension level if Wave 5 extends further. RRR is approximately 3:1, providing a strong risk-reward profile. Invalidation: If the price breaks below the Wave 4 low (~5.15), the Elliott Wave count may be invalid, signaling a potential reversal or deeper correction. then we cancel the trade Trade Management Note: As Wave 5 progresses, partial profit-taking at key levels (e.g., 6.60) is recommended while trailing the stop loss to lock in gains. Remember! "Successful trading is about planning your trade and trading your plan. Stick to the strategy, trust the analysis, and let the probabilities work in your favor. Consistency and discipline pave the way to trading success." If you found this analysis helpful, follow for more trading ideas and share this post to boost it to others who might benefit. Together, we grow as traders! Disclaimer: This trading idea is for educational purposes only and does not constitute financial advice. Always perform your own analysis and consult with a licensed financial advisor before trading. Trading involves significant risk, and you may lose more than your initial investment.
Long
by DubaiTradersHub
1
FET/USDT Long: Did you take it? See linked chartsIf you like these posts please remember to give me a boost and a FOLLOW! Any questions please ask away. FET/USDT Long signal. Did you take it? Bullish order flow was there. We have our targets, and stops are at entry. FET has been lagging compared to the rest of the market, especially in AI. Recent developments in their EARN & BURN mechanism look to be bringing excitement back and I believe there's plenty of catching up to do! Bullish Orderflow: EWT analysis & macro forecasting:
Long
by igreycrypto
1
SMCI Long Setup (4H Timeframe) 🚀 SMCI Long Setup (4H Timeframe) 🚀 🔍 Trading Plan This setup aligns with Elliott Wave theory, showing potential for Wave 5 development supported by the demand zone and Fibonacci retracement/extension levels. --- 📉 Trade Details - Entry: ~$34.93 - Price is near a demand zone, aligning with the 0.5 Fibonacci retracement level of Wave (4). This suggests potential upward momentum as Wave 5 begins to form. - Stop-Loss : $30.24 - Placed below the demand zone and 0.618 Fibonacci retracement of Wave (4) to protect against invalidation of the setup. - Take Profit Targets: 1. Target 1: **$42.37** - Corresponds to the 0.618 Fibonacci extension of the projected Wave 5. 2. Target 2 : $47.53 - Matches the 1.0 Fibonacci extension of Wave 5, indicating full potential completion of this wave. 3. Target 3 : $55.90 - A higher price level within a supply zone, representing an extended Wave 5 target. 📊 Wave 5 Development The price action suggests that Wave 5 has strong potential for development. Elliott Wave theory predicts that Wave 5 is the final impulse wave in the trend, which could align with broader bullish momentum and demand zone confluence. Wave 5 is projected to reach key Fibonacci extension levels, marking potential profit zones. 📊 Risk-Reward Ratio (RRR) T1: ~1:1.3 T2: ~1:2.3 T3: ~1:3.6 Trade smart and may the market favor your strategy! 🚀 **⚠️ Disclaimer** This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk, and you should only trade with funds you can afford to lose. Always conduct your own analysis and consult a financial advisor. #Wave5 #DemandZone #ElliottWaveTheory #TradingPlan
NASDAQ:SMCILong
by DubaiTradersHub
Crypto (HOT/USDT) Long Setup (4H Timeframe) 🔍 Trading Plan This is a long trade setup based on Elliott Wave analysis and key support/resistance levels. 📉 Trade Details Entry: 0.002834 Price is near a strong demand zone and aligns with support at the Wave (4) level. Stop-Loss : 0.002590 Positioned just below the demand zone to minimize risk. Take Profit Targets: Target 1 : 0.003415 This corresponds to the 1.0 Fibonacci extension of Wave (5). Target 2 : 0.003914 The 1.618 Fibonacci extension of Wave (5), where a strong resistance zone is identified. 📊 Risk-Reward Ratio (RRR) RRR: Approximately 1:3 to T1 and higher if T2 is reached. 🔔 Additional Notes The setup is supported by a clean impulsive structure completing Wave (5) and retracing to a demand zone. Good luck, and always manage risk carefully! 🚀 #CryptoTrading #HOTUSDT #TradingSetup ⚠️ Disclaimer This analysis is for educational and informational purposes only and should not be considered financial advice. Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. Always conduct your own research, assess your risk tolerance, and consult with a financial advisor before making any trading decisions.
Long
by DubaiTradersHub
3