Gold - Elliot's Wave AnalysisBasic view of Elliot's wave analysis for Gold view. Currently we can see sell side Liquidity in sight and that WILL be my next range target.
We have been consolidating for a while now suggesting a firm breakout soon. After an abc pattern there is suggested to be an impulse wave to commence. Once sweeping sell side liquidity I will be either waiting for a break and retest of the Liquidity trend before impulsing into a new high range OR getting a firm Bearish breakout towards the downside.
Either at this point are quite likely. I usually only buy into gold but we are at a critical point for gold and the US dollar so keep your eyes locked!
Elliotwaveanalysis
ETHUSD-Just Another Correction Within Uptrend?On Ethereum, we’re seeing a retracement from the 4800 area, but we think this still can be a corrective move within the ongoing uptrend. The updated wave structure suggests this could be wave four of an incomplete bullish impulse that started from the June lows, so be aware of another push higher—ideally toward the 5000 area once the retracement completes. We see price now at strong support at 4160 - 4000 region, near the black trendline and former swing highs from December 2024, where stabilization may occur. So it appears that Ethereum has more upside ahead, especially with the October 2021 highs still intact; and before calling the end of this bull run with a larger fifth wave, we’d first need to see a breakout beyond that level, after which sharp extensions toward higher targets would be possible.
Bitcoin – Medium-Term Outlook for Long/Short TradersBitcoin – Medium-Term Outlook for Long/Short Traders
Hello traders,
BTC continues to respect the descending channel structure. Recently, price bounced strongly from the solid support around 112k, and it is now only about 2k away from the swing long target zone.
If BTC can break above the 114.8k resistance, a short-term reversal could unfold, with potential to extend towards 117.5k before resuming the broader downtrend. This scenario may also act as a trap for those holding longer-term short positions.
The structure is showing early signs of change: price is trading above the descending channel trendline, while MACD indicates rising volume and its moving averages are curving upward. These signals point to a possible corrective rally in the near term.
Strategy: Consider long entries near current levels, with the option to scale in if price breaks 114.8k.
Medium-term short positions from around 115k remain valid, targeting the 110k zone, which could also serve as a new accumulation area.
This is my personal view of the BTC market. Stay disciplined and manage risk accordingly.
What’s your outlook on Bitcoin here? Share your perspective in the comments below.
GBPUSD: Elliott Wave and H&S Pattern Is Pointing Higher Cable made a strong rebound from the 1.3135 support, suggesting the market could be bottoming, possibly completing an ABC, zigzag pattern. So, with the current break above the channel resistance line in an impulsive fashion into wave A/1, we should watch for more upside, at least in three waves, up to 1.37 area or higher.
At the moment we can see some retracement from 1.36 resistance, ideally its wave B/2 that can retrace the price back to 1.34 support area before a continuation higher within wave C or 3.
H&S pattern is also something we have to consider here; the bullish path.
GH
Hellena | EUR/USD (4H): LONG to the resistance area 1.18098.We are observing the development of a five-wave impulse in the medium-term wave “2”.
The small wave “1” appears to be completing its movement, and I expect a correction in wave ‘2’ to the area of 1.15681, followed by a continuation of the upward movement in wave “3”. The minimum target for the movement is the resistance area of 1.18098.
I do not rule out the fact that wave “1” is not yet complete, so there is a possibility of the upward movement continuing without correction.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): SHORT to support area of 60 (Wave "3").Wave “C” continues to develop in a five-wave movement. Right now, I think wave “1” has just ended and we will see a small correction to the 66,280 area (wave ‘2’), after which I expect wave “3” to develop, which should go further than the 60 support level, but this is a fairly strong psychological level at which it would be good to take profits.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Are Longterm Interest Rates Telling Us Something?I rarely cite financial news in my market updates.
My reasoning is simple: all perspectives, bullish or bearish, are ultimately reflected in price action. That price action forms patterns, and those patterns can be analyzed to produce reasonable forecasts. After years of applying Elliott Wave theory, this approach has consistently stood the test of time.
That said, I’ll break from tradition today, as I believe the following excerpt is particularly relevant to my latest Trading View update. It comes from Barbara Kollmeyer’s article, “There’s a slow-motion crisis in bonds — and this bearish strategist thinks it will hit stocks.”
For context, I regularly track multiple market indices, futures contracts, single stocks, and notably, the yield on the 30-year U.S. Treasury Bond. For the past year, I’ve highlighted the counterintuitive rise in long-term yields that ironically began when the Fed started cutting its benchmark rate in September 2024. While brief divergences between long-term yields and Fed policy aren’t unusual, this persistent uptrend is different. The yield has been carving out a clear pattern of higher highs and higher lows, appearing now on the verge of a breakout—not just toward incremental new highs, but potentially into a runaway scenario for long-term rates.
This is why Albert Edwards’ recent comments caught my attention:
“There is a slow-motion crisis unfolding in the government bond markets that equity investors continue to ignore at their peril. The upward grind for long bond yields has been relentless, yet investors keep ignoring that to focus instead on more bullish metrics such as the latest reporting season driven by the mega-cap IT stocks, that promises a pot of gold at the end of the AI rainbow.”
His perspective resonated with me.
Having lived through the dot-com boom and bust, I recall how new technologies can fuel outsized market optimism. AI undoubtedly carries transformational potential, much like the Internet. But just as it took nearly two decades for the Internet to fully translate from speculative boom to tangible economic value, AI’s payoff will likely follow a similarly extended trajectory. It’s not an immediate catalyst.
What I am certain of is this: the cost of long-term money is rising, with implications far beyond bond charts. Higher yields directly affect mortgage rates and other long-term financing costs. More importantly, sustained upward pressure in long-term rates has the potential to weigh heavily on equities, broader markets, and asset valuations for far longer than many currently expect.
Gold – Elliott Wave “C” Begins (US Session Update)Gold – Elliott Wave “C” Begins (US Session Update)
Gold has reacted perfectly in line with Wave B, clearing the liquidity from yesterday’s H4 bullish candle and then surging strongly. The condition to look further towards Wave C – the final leg in the Elliott structure – is a decisive break above 3352. If confirmed, the long-term bullish outlook strengthens, with the next targets around 337x and potentially 3394.
News of a trade agreement between the EU and the US added strong momentum, helping to complete the corrective Wave B with impressive buying pressure.
For today’s US session, if you are still holding previous buy positions, it is worth keeping them. If not, the 3336–3340 zone provides a reasonable area to consider new long entries, with expectations that Wave C could extend towards 337x.
Always remember to place a tight stop-loss below the 3330 support area to manage risk effectively.
Wishing you success with this scenario – feel free to share your views in the comments below.
#XAUUSD #Gold #TechnicalAnalysis #PriceAction #ElliottWave #Fibonacci #Forex #Trading
Gold Outlook After FOMC – Building a Bullish StructureGold Outlook After FOMC – Building a Bullish Structure
The latest FOMC meeting offered no new measures to support the economy, as Chair Powell suggested conditions remain stable and interest rates were left unchanged. Markets therefore stayed muted, with expectations now shifting towards September for potential policy moves.
On the technical side, gold has completed wave A after reacting to the daily trendline, and I expect the market is now forming an ABC corrective structure to complete a medium-term Elliott cycle. The recent rally also broke through the descending trendline on H4, confirming that bullish momentum may prove more sustainable.
At present, price is undergoing a mild pullback from the Asian session, with the potential to retrace 40–50% of the recent H4 candle. This move would also retest the broken descending trendline — if confirmed, it would establish a stronger bullish Dow structure and open the path for a longer wave cycle, at least until wave C plays out fully.
The H4 chart supports this scenario, as MACD averages are trending upward and volume is showing steady growth.
Buy zone: Around 3334, in line with the broader trend for medium- to long-term positions.
Sell zone: Around 3365, where wave C could complete and a new cycle may begin.
Gold is gradually showing a clearer technical structure. Patience and discipline with entries should help traders capture this move effectively.
#XAUUSD #Gold #TechnicalAnalysis #PriceAction #ElliottWave #Fibonacci #MACD #Forex #FOMC #Trading
EUR/USD – Elliott Wave + FVG Orderblock | Key Short Setup Ahead🔎 Analysis Breakdown:
1. Wave Structure: Market is completing the corrective ABCDE pattern, with wave D testing the upper supply area.
2. Supply Zone: The highlighted zone shows active sellers, increasing probability of rejection.
3. Liquidity & FVG Orderblock: Below, we have a fair value gap (FVG) and orderblock acting as a magnet for price.
4. Scenario: If price rejects the D leg zone, bearish momentum could accelerate towards the FVG orderblock area (1.1580 – 1.1560).
⚠️ Invalidation:
Any clean break and sustained close above the D-leg supply zone would invalidate this short setup.
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Conclusion:
EUR/USD is at a critical juncture. Sellers are active, and rejection here could open the door for a deeper drop into the FVG orderblock zone. Keep risk tight and watch for confirmations before entry.
💬 What’s your take — are you bearish from here, or do you expect a breakout? Comment below 👇
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#EURUSD #ElliottWave #Forex #SmartMoney #Liquidity #FVG #Orderblock #Trading
Gold Update Today – Watching FOMC in the US SessionGold Update Today – Watching FOMC in the US Session
After yesterday’s sharp drop below 3312 and a strong bounce from key support, gold is now consolidating sideways, building liquidity for the next move. From the current outlook, a corrective rebound seems likely before the broader downtrend resumes.
Looking at structure, the descending channel remains intact, with price respecting the main trendline and notably breaking out of yesterday’s triangle formation — reinforcing the bearish bias.
From an Elliott Wave perspective, the market may be forming wave 4. If this rebound carries price back towards 3325–3330, it will retest a strong resistance zone that has rejected price multiple times before. Should that happen, wave 5 could begin — and theory suggests it is often the strongest leg.
Fibonacci levels point to the next support near 3295. If tonight’s FOMC outcome strengthens the US dollar, gold could even extend deeper towards 3280.
In the short term, traders may consider buying near 3316 with a tight stop just below the recent low, targeting the corrective move of wave 4. On the flip side, if price reacts at 3325–3330, this could provide a selling opportunity into wave 5, with scope for a 40–50 dollar extension if momentum holds.
On the daily chart, gold has tested the long-term ascending trendline and bounced strongly, which may indicate that a fresh support base is being established.
A sustainable trend is always built on alternating impulses and corrections. Patience in waiting for confirmation often leads to stronger setups than rushing into trades.
Do you think the FOMC this month will announce a positive interest rate outlook? Share your thoughts in the comments.
#XAUUSD #Gold #TechnicalAnalysis #PriceAction #ElliottWave #Trendline #MACD #Forex #UKTrading #FOMC
GBPUSD:Elliot Waves AnalysisHello. You see the GBP/USD chart in the middle of the period where wave 1 of C has completed and a correction towards wave 2 should occur. So I expect it to react positively to the levels that have been identified. This is just an analysis and could have a bullish scenario as well. So it is a perspective that should be considered.
Identifying High-Probability Support: The Power of ConvergenceHello Friends,
Welcome to RK_Chaarts
Today we're going to learn Comprehensive Guide to Identifying Convergent Support Zones
Which are High Probability Support areas. This post is for Educational purpose only.
This detailed analysis will walk you through a step-by-step process of combining multiple technical analysis methods to identify a robust support zone. We'll explore how Elliott Wave theory, Anchored VWAP, EMA200, Fibonacci Retracements, and equality to extensions can coincidentally converge on the same support zone.
Step 1: Elliott Wave Analysis
Begin by identifying the Elliott Wave structure. Look for impulse waves, corrective waves, and the relationships between them. In this example:
- Wave Y is potentially completing near the equality zone (100% to 161.8% extension).
- This level marks a potential reversal point.
Support zone as per Elliott Wave theory Analysis
Step 2: Anchored VWAP Analysis
Apply Anchored VWAP to identify key support levels:
- Plot the VWAP from the last swing low and the second-last swing low.
- Note the convergence of these VWAP levels, which can indicate strong support.
Support zone as per Anchored VWAP Analysis
Step 3: EMA200 Analysis
Add the 200-period Exponential Moving Average (EMA) to your chart:
- The EMA200 has consistently provided support during previous corrections.
- Note the price approaching this level, increasing the likelihood of a bounce.
Support zone as per 200 Exponantial Moving Average
Step 4: Fibonacci Retracement Analysis
Apply Fibonacci retracements to the previous rally:
- Identify the 50%, 61.8%, and 78.6% retracement levels.
- Note the current fall has already exceeded the 38% retracement.
Support zone as per Fibonacci Retracement Analysis
Step 5: Convergence of Support Zones
Combine the analysis from each step:
- Note the striking convergence of support zones:
- Elliott Wave equality zone (100% to 161.8% extension)
- Anchored VWAP support zone
- EMA200 support level
- Fibonacci retracement zone (50%-61.8%)
Coincidentally all these are providing nearly same Support area (Price zone)
Trading Implications
With the convergence of these multiple analysis methods, you can:
- Identify a high-probability support zone.
- Look for buying opportunities near this zone.
- Monitor price action and market sentiment for confirmation of a reversal.
- Consider scaling into positions or setting limit orders within the support zone.
Important Note: Failure to Hold Support
If the price fails to hold support at this converged zone, it may indicate a stronger bearish trend. In this scenario:
- Be prepared for a potential significant downfall.
- Consider adjusting your trading plan to account for the increased bearish momentum.
- Keep a close eye on price action and market sentiment for further guidance.
By understanding the convergence of these multiple analysis methods and being aware of the potential risks, you'll be better equipped to make informed trading decisions and navigate the markets with confidence.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
USDT.D Daily | Explosive Surge from 4% –Altcoins Bloodbath Ahead🔹 Overview
USDT Dominance (USDT.D) has completed a 7-wave Diametric correction inside the descending yellow channel. Now, Wave G is accelerating with strong momentum.
, dominance is at 4.33%, breaking the channel trendline. This confirms the end of the correction phase and signals the start of a dominance rally.
Our prior forecast from the 4% floor is playing out exactly—capital is flooding into stables as risk-off sentiment crushes Altcoins.
⸻
🔹 Wave Structure (NeoWave)
• Diametric unfolded as A-B-C-D-E-F-G.
• Symmetry holds: large A/C/E/G vs. small B/D/F.
• Trendline break = pattern completion.
Monowave count (~55–70) confirms the structure’s legitimacy.
⸻
🔹 Technical Setup
• Current support: 4.28% (brown line).
• Target 1: 4.6% (Fib 1.618 extension + trendline).
• Target 2: 5% (channel midline).
• RSI bullish divergence + rising volume confirm strength.
⸻
🔹 Market Implications
This breakout means:
⚠️ Altcoin Bloodbath incoming.
USDT dominance rally = liquidity moving away from alts. BTC/ETH may stabilize, but alts risk heavy drawdowns.
⸻
🔹 Trade Idea (Bullish USDT.D)
• Entry: Long USDT.D (or short alts) above 4.33% on BOS confirmation (daily).
• Targets: TP1 = 4.6%, TP2 = 5%.
• Stop Loss: Below 4.28%.
• Risk: 1–2% per trade. Trail stops if midline breaks.
⸻
🔥 Get ready for a stablecoin takeover & brutal altcoin flush.
ETH.D : 5-Wave Bull Run Over –Bitcoin to Outshine EthereumeEthereum Dominance (ETH.D) has completed a textbook 5-wave impulsive rally on the weekly timeframe, signaling the end of its upward cycle and entry into a deep corrective phase. As of August , ETH.D at 13.37% is rejecting the key order block at ~14%, hinting at weakening momentum. This shift favors Bitcoin's outperformance, as capital rotates from ETH to BTC, potentially boosting BTC/ETH ratio and Bitcoin returns during the downturn.
NeoWave Wave Count (Daily Chart):
The rally from ~10.5% lows unfolded in 5 waves: Wave 1 to ~11.41%, Wave 2 correction to ~10.11%, Wave 3 extended to ~13.97% (161.8% of Wave 1), Wave 4 shallow to ~13.32%, and Wave 5 topping at 13.97% with the 1.618 Fib extension (1.141%).
Monowave count (~55-70 subwaves) validates the impulse, with alternation (Wave 2 deep/time-extended, Wave 4 shallow/short). The ascending channel (yellow) has been touched multiple times, and the recent rejection confirms exhaustion.
Weekly Chart Insight:
On the weekly TF, ETH.D has hit a major order block at ~14% (1.425%), not the channel top, coinciding with the 1.618 Fib extension from 2023 lows and historical resistance from 2018 highs (~52%). This multi-year descending channel holds firm, with price failing to break the OB—suggesting reversal to midline ~12.5% or lower (38.2%-50% Fib retrace of rally).
Why Bitcoin Outperforms From Here:
As ETH.D corrects (likely a Zigzag or Flat, targeting 11%-12%), Bitcoin gains dominance, driving better returns for BTC holders. Expect BTC/ETH ratio to climb (current ~12.5, target 14-15), with Bitcoin yielding 10-20% superior performance in risk-off environments. If ETH.D drops below 12.5%, correction accelerates to 10% (78.6% Fib), amplifying BTC's edge.
Trade Idea (Bearish ETH.D / Bullish BTC):
Entry: Short ETH.D (or long BTC/ETH pair) below 13.32% on BOS confirmation in weekly.
Targets: TP1 at 12.5% (channel midline), TP2 at 11% (50% Fib).
Stop Loss: Above 14.25% (OB high, R:R ~1:3).
Sizing: 1-2% capital; trail stops on midline breaks. Watch dominance flips—crypto rotations can spark quick BTC pumps.
ETH bulls, pivot to BTC now! #ETHDominance #NeoWave #BitcoinOutperformance #CryptoAnalysis
XAUUSD: Elliot Wave Analysis 15 minHello friends, if you are viewing the gold chart on the 15-minute time frame, it seems that based on Elliott waves, we will have an upward wave towards 3389, followed by a continuation of wave C towards 3306, and then we need to see in which direction the trend will move.
Elliott Wave Analysis of Kirloskar Brothers KIRLOSBROSThe script is currently in 4th wave of hourly chart. The 4th wave seems to be ending, which means a 5th wave will start from here. The wave patters and patterns, retracements and analysis have been highlighted on the chart. Will update this as it progresses.
BTCUSDT:Elliot Wave 15minAccording to the previous analysis, it is expected that Bitcoin's upward trend will occur with the formation of waves 1 and 2. Considering the market structure, the market structure must be broken and stabilized above the previous ceiling, followed by a decline towards liquidity as the second wave, after which we will expect growth.
ETH Elliot Wave to Smash the BIG 5k ATHmarked out some precise Elliot Wave levels on ETH:
recently closed W3 at 4788, which gives a W4 targets 4343.56 and 4167
leading to W5 breaking the big 5k mark with targets 5081.20 or 5171.78 (with deeper pullback in W4).
this gives a nice short opportunity entering just below the HTF supply zone at 4618.92 (divergence suggests another small bounce)
followed by an epic long to new ATH entering at 4313.56 (and 4167 on a deeper W4) with TPs at 4899 and 5081
Hellena | EUR/USD (4H): LONG to the resistance area 1.17578.Colleagues, the price has made a strong downward movement, which can only mean one thing: the correction is not complete.
This means that the latest upward movement is wave “1” of medium order.
Therefore, I now expect the correction to end in wave “2” at the 50% Fibonacci level and thean upward movement to continue to at least the resistance level of 1.17578.
It is quite possible that after updating the level of 1.15570, the price will immediately begin an upward movement — this is a more risky option for entering a position.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): SHORT to support area of 61.937 (Fibo lvl).Hello, colleagues!
Well, I think that the previous scenario is still relevant and the “ABC” correction is developing according to the scenario.
At the moment, I see a five-wave structure in the downward wave “C”. I expect a small correction to the area of 67.287, then a continuation of the downward movement to the area between 61.8% and 100% of the levels of Fibonacci extension - the support area of 61.937.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Ethereum on the Edge – The Breakdown Could Start Any Moment!Following yesterday’s analysis, where we identified Ethereum in the final stages of wave 5 of 5 at the upper boundary of its ascending channel, the 15-minute chart now reveals a contracting Neutral Triangle structure. This pattern typically forms as the final subdivision of wave 5, often preceding a sharp and decisive reversal.
Currently, price is testing the upper boundary of the B–D trendline. A confirmed breakdown from the E-wave low (≈ $4,590) would mark the completion of the triangle and signal the start of the anticipated decline.
Key Observations:
• Pattern: Neutral Triangle inside wave 5 of 5 (final stage of advance)
• Reversal Trigger: Break below E-wave low (~$4,590) on strong volume






















