Trend change in EURCAD and the start of a decline and correctionHello my friends. I hope you are full of sweet profits.
In the EURCAD currency pair, a 5-wave cycle has been completed. According to Elliott Wave 5, this cycle has ended with a diagonal ending move (a wedge pattern in classic technical analysis), and the classic trend line has also been broken by a strong candle on the daily time frame and closed below this line.
Under these conditions, and given the change in the movement shape and the formation of a pivot, we expect a downward and corrective movement in the EURCAD currency pair after the price pullback to the broken trend line.
From now on, traders can be market sellers in this currency pair. Friends, after some analysis and the formation of new waves from the corrective trend, I will update the continuation of the trend. So follow me so you don't miss the trading opportunities of the continuation of the trend.
Dear friends, follow my page so you don't miss my next analysis and be the first to reach a low-risk and successful trading position.
Please don't forget risk management and capital management. Be happy and profitable.
سلام دوستان من. امیدوارم پر از سود های شیرین باشید.
در جفت ارز EURCAD یک سیکل ۵ موج تکمیل شده است. از نظر الیوت موج ۵ این سیکل با یک حرکت اندینگ دیاگونال (الگوی گوه در تحلیل تکنیکال کلاسیک) به پایان رسیده است و خط روند کلاسیک نیز در تایم روزانه با کندلی قدرتمند شکسته است و زیر این خط کلوز داده است.
با این شرایط و با توجه به تغییر شکل حرکت و تشکیل پیوت، انتظار داریم در جفت ارز eurcad قیمت پس از پولبک دادن به خط روند شکسته شده یک حرکت نزولی و اصلاحی شکل گیرد.
از این به بعد تریدر ها در این جفت ارز میتوان سِلِر بازار باشند. دوستان با گذشت مقداری از تحلیل و شکل گیری امواج جدید از روند اصلاحی بروزرسانی ادامه روند رو انجام میدم. پس من رو فالو کن که موقعیت های معاملاتی ادامه روند رو از دست ندید.
دوستان عزیز برای این که تحلیل های بعدی من رو از دست ندید صفحه من رو فالو کنید تا اولین نفری باشی که به موقعیت معاملاتی کم ریسک و موفق دست پیدا میکنی.
لطفا مدیریت ریسک و مدیریت سرمایه را فراموش نکنید. خوشحال و پر سود باشید.
N-WAVE
LiamTrading – Risk of adjustment before hitting the $4000 mark?LiamTrading – GOLD: Risk of adjustment before hitting the $4000 mark? ⚠️
Hello everyone,
Gold is approaching the psychological price zone of $4000/oz, but before reaching this historic milestone, the market may be preparing for a short-term adjustment.
According to Bank of America's technical strategist – Paul Ciana, gold's upward momentum is “overheated,” and a mid-cycle adjustment may occur soon.
📉 Technical Analysis (Chart H1 – Wolfe Waves Formation)
Observing the chart, a Wolfe Waves pattern is clearly forming:
The Sell zone 3988–3990 is the convergence point of wave number 5 – a potential short-term reversal area.
The Buy zone 3963–3965 is a local support retest point, where sellers tend to take short-term profits.
The Wolfe trendline indicates that the price may take liquidity above the peak area before a corrective drop appears.
If an adjustment occurs, the 3940–3955 area will be the first reaction zone, where strong buying support is present.
🎯 Trading Scenario
Buy retest:
📍 3963–3965
🛑 SL: 3960
🎯 TP: 3972 – 3985 – 4000
Sell following Wolfe waves:
📍 3988–3990
🛑 SL: 3995
🎯 TP: 3972 – 3955 – 3945
🧭 Medium-term Outlook
Although the upward trend remains dominant, momentum is gradually decreasing, and the market needs to “cool down” to create a new accumulation phase.
Dense liquidity zones around POC 3957–3960 may trigger a short-term pullback before gold gains momentum towards the ATH $4000 zone in the late-week sessions.
📌 Conclusion
Gold remains in a medium-term uptrend, but a short adjustment is necessary to maintain a sustainable upward structure.
Traders should prioritize flexible scalping, observing reactions at Fibo – Volume Profile zones – and especially the developing Wolfe Waves pattern.
I will continue to update the latest scenario details for XAUUSD daily.
👉 Follow me to not miss important wave movements!
QNT AWAKENED! Elliott Wave Analysis! Zoom into LTFs. Bullish!!4 hour TF shows QNT making good progress towards the 1st wave in teal. As shown in the image included with this post, we have recently finished a wave 4 running triangle correction to the downside. Next, wave 5 should press onwards, if my wave 5 extends beyond $106.82 / the red 1:1 fib ratio of wave 3, it will invalidate this leg of the impulse and i will have to rework the wave count on this 3rd wave in aqua green color.
Wave 3 Dynamics: Understanding the Most Powerful WaveHello Friends, Welcome to RK_Chaarts,
For Learning and Practicing chart Analyzing, Today we are trying to Analyse the State Bank of India (SBIN) chart from an Elliott Wave perspective, we can see that the intermediate-degree Wave (3) completed at the June 2024 high. This was followed by a complex correction that ended at the March 2025 low, marking the completion of Wave (4).
We are currently unfolding Wave (5), which will complete the higher-degree Wave ((3)) of Primary degree in black. Within Wave (5), we have five minor-degree subdivisions, which we can see unfolding.
The first minor-degree Wave 1 completed at the 22nd April 2025 high, followed by a Wave 2 correction that ended at the May 9, 2025 low. We are currently in Wave 3, which is a dynamic wave with strong momentum.
Within Wave 3, we have five minute-degree subdivisions, which are unfolding. The first two subdivisions are complete, and we are currently in the third subdivision.
The characteristics of Wave ((iii)) of 3 are evident in the price action, with a strong breakout above the resistance trend line and good intensity of volumes. The Moving Convergence Divergence (MACD) is also positive, and the Relative Strength Index (RSI) is above 60, indicating strong momentum.
The daily Exponential moving averages (50 and 200) are also aligned in favor of the trend. All these parameters support our view, and we can see an inverted head-and-shoulders pattern or a double rounding bottom pattern unfolding.
Overall, the breakout looks promising, and we can expect further upside in SBIN as per Elliott wave theory.
Detailed wave counts on chart
Primary Characteristics:
1. Strong Momentum: Wave 3 is characterized by strong momentum, often leading to a rapid price movement.
2. Impulsive Price Action: Wave 3 is typically marked by impulsive price action, with prices moving quickly in one direction.
3. Increased Volatility: Wave 3 is often accompanied by increased volatility, with prices fluctuating rapidly.
4. Breakout above Resistance: Wave 3 often begins with a breakout above resistance, leading to a rapid price movement.
Secondary Characteristics:
1. Longest Wave: Wave 3 is often the longest wave in an impulse sequence.
2. Most Dynamic Wave: Wave 3 is typically the most dynamic wave, with the strongest momentum and largest price movement.
3. Highest Volume: Wave 3 often occurs with the highest volume, indicating strong market participation.
4. Fewest Corrections: Wave 3 typically has the fewest corrections, with prices moving rapidly in one direction.
Behavioral Characteristics:
1. Market Participants become Aggressive: During Wave 3, market participants become more aggressive, leading to increased buying or selling pressure.
2. Emotional Decision-Making: Wave 3 can lead to emotional decision-making, with market participants making impulsive decisions based on fear or greed.
3. Market Sentiment becomes Extreme: During Wave 3, market sentiment can become extreme, with market participants becoming overly bullish or bearish.
Keep in mind that these characteristics are not always present, and Wave 3 can exhibit different traits depending on the market context.
Here are some snapshots shared below to understand the concept & example
Largest wave among wave 1-3-5
Strong Momentum like 90 degree move, Vertical move, Rapid move & Dynamic move
Breakout with good volumes
Price trading above 50, 100 & 200 Day Exponential Moving Average
RSI Breakout on Daily
RSI Breakout on Weekly
MACD weekly
MACD Daily
Pattern Repeating
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.
Using simple volume for added confluence in Elliott Wave Theory!Shown on the chart is 2 of the ways you can use the highest volume spikes on the chart to find out where you are in the wave count. Easiest way is to find the highest volume with the steepest slope of trend to label as your third wave. Same concept whether its bearish bars printing or bullish bars. The highest volume shown is actually part of the retracement, albeit in one of the actionary waves (moving with trend), alot of buying happened at the termination of the wave C of the zig zag shown in green. Perfect scenario to rake in buy orders from retail then dump on them to finish out the WXY pattern. This is just 2 of the many scenarios in which you can find help from the volume oscillator to give you a directional bias in Elliott Waves. Happy Trading
ETHFI Short - Possible Trend ChangeReading the Chart using the wave and Speed Index:
1. Major Resistance level coming from the Daily Chart
2. Abnormal Speed Index 225.5S - This what I call the "First Push Down" - PD
3. Abnormal Speed Index on up move 46.1S - This is what I call "Hard To Move Up" - HTMU, that never breaks the highest High.
4. Highest PVR bar
Considering the above I have entered Short!
HTF Elliott Wave Count on HBAR! Super Bullish!!Here is the macro bullish outlook on HBAR using the Elliott Wave Theory. Currently we are making progress to the upside to complete the grey wave 5 to finish the leading diagonal in white. Next expect a retracement between .21 (extreme of wave 4) - .18 (.618 of diagonal), it could retrace deeper as is common with a wave 2, although the extreme bullish nature of this impulsive structure makes me think it could be a shallow retracement (38.2% - 50%) before blasting off on everyone looking for their entry to be hit. Exciting times ahead for HBAR i believe. Happy Trading
ETHUSDT – The “BIG” Wave Is Coming ?Hello everyone, glad to see you again as we dive into BINANCE:ETHUSDT !
Today, Ethereum continues to show strong accumulation as it consolidates tightly around the 4,200 USDT support zone. This area is being strongly defended and also aligns with key retracement levels on higher timeframes, suggesting that the bulls are far from giving up.
At the moment, ETH is in a “compressed spring” state – the longer it moves sideways, the stronger the breakout potential. If the support holds, we could see a powerful bullish wave emerge, with the potential to test resistance and even break higher. Smart traders know: accumulation equals opportunity!
What about you – do you think ETH will break through or bounce back from the 4,800 USDT resistance? Share your thoughts in the comments below!
TAO triple 1,2 impulse to the upside!Super bullish pattern forming in this bullish scenario on TAO. HTF 1,2 in black finished with a deep retracement. Second 1,2 in light blue finished with a retracement to the 0.5. The third micro 1,2 in green finished with a deep retracement to .886 Fib. Since then we chopped around the bottom with our LTF lower degree 1,2 structures to form the base of the extended wave 3 thats coming (or here now!). It could be counted as such that this wave 3 has already formed its own double 1,2 structure which gives more confluence to a massive rally. Several alts are showing similar patterns. Is alt season yet? xD Happy Trading
BTCUSD – Is the Big Wave Coming?Hello everyone, what do you think about BITSTAMP:BTCUSD ?
BTCUSD is now standing at a critical crossroads. After a short-term correction, price has continued to build a new support zone around $107,000. This is an area where buyers have consistently defended, showing that underlying demand remains strong.
In the past, after each strong rally, we saw a period of accumulation followed by another breakout. Every dip has been quickly absorbed, while volume has been increasing on each bounce – a clear signal that smart money is quietly accumulating.
On the news front, expectations of an upcoming Fed rate cut, combined with rising safe-haven demand amid economic and geopolitical uncertainty, are creating a powerful catalyst for BTC. This narrative positions Bitcoin not just as a risky asset, but as “digital gold” in the eyes of many institutional investors.
I expect this accumulation phase to end soon, with the Bulls regaining control.
What about you? What’s your view on BTCUSD? Share your thoughts in the comments!
BTC Elliott Wave medium term analysisCRYPTOCAP:BTC is still consolidating, as shown on the charts.
The structure is shaping up like a classic Elliott Wave 1–2–3–4–5 pattern, with the 4th wave now in play.
This could mean another retest of $110,500 before launching into the final, larger 5th wave 🚀.
The 4th wave might present a solid long entry opportunity heading into the 5th.
📊 DYOR – trade safe.
$BTC Eliot Wave last step + Golden cross.The entire crypto market is on fire — Golden Crosses everywhere across altcoins. 🔥
BTC looks to be in the 5th wave of an Elliott Wave pattern and has just printed its own Golden Cross. Bullish momentum is clear in the price action.
But how long can this run last?
We may be in a parabolic phase, yet there’s heavy liquidity sitting around $115k.
The logical play: a drop to grab that liquidity, then a push to $120k+.
In the end… only the market makers know. 🎯
DYOR
Beyond Bits: Is D-Wave Quantum the Unseen Power?D-Wave Quantum is rapidly solidifying its position as a transformative force in the burgeoning field of quantum computing. The company recently achieved a significant milestone with its Advantage2 system, demonstrating "beyond-classical computation." This breakthrough involved solving a complex simulation problem for magnetic materials in minutes, a task that would have required nearly a million years and the equivalent of the world's annual electricity consumption from the most powerful classical supercomputers. This distinct achievement, rooted in D-Wave's specialized quantum annealing approach, sets it apart from other industry players, including Google, which primarily focuses on gate-model quantum architectures.
D-Wave's unique technological focus translates into a formidable commercial advantage. It stands as the sole provider of commercially available quantum computers, which excel at solving intricate optimization problems—a substantial segment of the overall quantum computing market. While competitors grapple with the long-term development of universal gate-model systems, D-Wave's annealing technology delivers immediate, practical applications. This strategic differentiation allows D-Wave to capture and expand its market share within an industry poised for exponential growth.
Beyond its commercial prowess, D-Wave plays a critical role in national security. The company maintains deep ties with elite U.S. national security entities, notably through its backing by In-Q-Tel, the CIA's venture capital arm. Recent installations, such as the Advantage2 system at Davidson Technologies for defense applications, underscore D-Wave's strategic importance in addressing complex national security challenges. Despite its groundbreaking technology and strategic partnerships, D-Wave's stock experiences considerable volatility. This reflects both the speculative nature of a nascent, complex industry and potential market manipulations by investment houses with conflicting interests, highlighting the intricate dynamics surrounding disruptive technological advancements.
Hellena | GOLD (4H): LONG to resistance area of 3439.37.Colleagues, Last time, I suggested that the five-wave movement was not yet complete. It seems that this is indeed the case.
Wave "5" of the higher degree is unfolding, and I expect the price to reach the resistance area around 3439.37, which marks the top of wave "X".
Within the smaller five-wave structure, I believe wave "3" is currently in progress.
A correction toward the 3248.38 area is possible.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
IBM... Time to pull the plug ?For those who think the market in general and technology in particular are over valued, one sale candidate may be IBM.
Technically we have reached the first and second objectives of a Harmonic Cypher pattern began in early April.
Secondly a Bearish Wolfe Wave pattern appears to have formed.
RSI is overbought but there is no divergence yet,
If we close several times below $266 (the February triple top) then this may be a confirmation signal.
More confirmation would be a breach of the WW's 1-3 line marked in red.
If this occurs my target would be the $240 area.
Always assess the market and sector direction before entering a position
Do your own due diligence,,, not investment advice.
Good Luck
S.
(Note this is a shorter term chart)
SPOTIFY (SPOT) ... Time to cut the chord ??Technically Spotify is exhibiting weakness.
There is a clear Bearish Wolfe Wave pattern as well as an evolving Bearish Harmonic Cypher one.
Additionally RSI is exhibiting bearish divergence.
Certainly worth watching as WH Fake News tariff negotiations fail to materialize and consumers face increased costs and reduced incomes.
SPOT is definitely economically sensitive.
I would look to sell a break of the dotted line or a rally that is unsustainable.
Do your own due diligence. Not Investment advice.
This is a short time frame !
Good Luck
S.
CrowdStrike (CRWD)... Time to disperse ?On a technical basis one victim of a continued market tariff downturn maybe CrowdStrike (CRWD) providing a selling/short opportunity.
Particularly if DJT's tariffs start applying to services.
IMHO two bearish technical formations support this:
1. A Bearish Harmonic Shark formation
2. A Bearish Wolfe Wave
Additionally there is emerging RSI bearish divergence. (bottom panel)
Today the Fed speaks so perhaps this will provide this opportunity.
Optimally the $440 level may provide this selling opportunity.
Also let the overall direction and tone of the market should color your decision.
This is just my opinion. Do your own due diligence.
I will follow up with a short recommendation as warranted.
Good Luck