Traders, taking a close look at the Gold market, it appears we’re seeing some classic Elliott Wave patterns unfold on the XAUUSD 45-minute chart. The completion of what looks like a corrective wave (4) could be setting the stage for the next bullish wave. With the price action breaking the descending trendline that connected the highs of the previous waves, we've...
I'm keeping a close eye on the S&P 500, and my Elliott Wave analysis suggests that the index could be gearing up for a significant move upwards. After completing a corrective pattern, which I've identified as Wave (4) on my chart, it looks like the stage is set for Wave (5) to unfold. This next wave is anticipated to carry the index higher, potentially targeting...
In the forex realm, the EURJPY pair on the 45-minute chart is offering an interesting narrative through Elliott Wave analysis. It seems we've seen an impulsive wave culminating with wave (5), followed by what could be the initial stages of a corrective phase. After a significant rally, the current pullback is likely the start of a corrective wave (4). The...
Forex enthusiasts, the GBPUSD pair is showing an interesting setup on the 15-minute chart. After completing an impulsive wave with wave (5), we're seeing the beginnings of a classic Elliott Wave correction. The initial decline in wave (a) is evident, and the price has since retraced upwards, which we can identify as wave (b). We're now anticipating the start of...
Traders, zooming into the NASDAQ (US100) on the 45-minute chart, we're seeing a classic Elliott Wave structure. Following the completion of what appears to be wave (5) of an impulse move, we've entered a corrective phase, highlighted by a clear ABC pattern. Currently, wave (a) seems to have completed, and the market has bounced back up in a wave (b). We're now...
Traders, casting our eyes over to the Gold market, the XAUUSD chart on the 45-minute timeframe is showing us an interesting narrative. We've seen a break in the descending trendline, which previously connected the highs, suggesting that the correction phase of wave (4) could be complete. The price action has stabilized, hinting at accumulation before the next leg...
Analyzing the options chain and the chart patterns of DXCM DexCom prior to the earnings report this week, I would consider purchasing the 137usd strike price Calls with an expiration date of 2024-5-3, for a premium of approximately $5.95. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Traders, let's take a look at EURJPY on the 30-minute timeframe from an Elliott Wave perspective. We've observed a noteworthy impulse pattern and it looks like we've completed wave (3). Now, it appears we are in a corrective phase for wave (4), which could be an opportunity to prepare for the next potential move. The chart indicates that wave (4) is retracing...
Turning our attention to the USD/CAD pair, the Elliott Wave Principle is hinting at a promising opportunity for a bullish trend. According to my analysis, we've just witnessed the completion of Wave (4), and the setup looks ripe for Wave (5) to take the lead. This final wave could surge towards the 1.618 Fibonacci extension level at 1.39893, a compelling target...
Hello traders! Analyzing the EURUSD chart with Elliott Wave theory, we've possibly completed the impulse sequence with the peak of wave (3) and have embarked on a corrective wave (4). The retracement is taking form, and I’m monitoring the key Fibonacci levels of 0.382 at 1.06882, 0.5 at 1.06815, and 0.618 at 1.06748 as potential turning points. The current...
Hello traders! I'm currently analyzing the USDCHF pair through the lens of Elliott Wave theory. It seems we've completed a classic 5-wave impulse sequence, with the chart showing a peak at wave (5). What I'm observing now is a potential corrective phase unfolding. The start of an ABC correction pattern is taking shape, with wave (a) suggesting a strong move down....
Hello, traders! Taking a closer look at the US100, I'm feeling optimistic based on my Elliott Wave analysis. After a rocky start, it looks like we've embarked on a new impulse wave sequence. We've witnessed a strong push upwards in waves (1) and (3), and it seems like wave (4) has just concluded as a shallow correction, staying above the 0.612 retracement at...
Hello, fellow traders! I'm taking a long position on XAUUSD, and here's my analysis based on Elliott Wave principles. As we can see on the chart, the price action has recently completed what appears to be a corrective pattern, potentially ending the fourth wave of a larger impulse sequence. After a substantial decline, I've spotted signs of exhaustion as the price...
BINANCE:BTCUSDT is slowly climbing upwards. It is about to potentially break through the downward channel border and update the highs. The market broke and closed above the significant level at 65,000. Also, it broke the structure, making higher highs and higher lows. I expect a short-term rollback to the support level, then growth from the support level to...
Yesterday, OANDA:XAUUSD dipped below the 2300 mark, aiming to test the support zone around 2270. However, despite two attempts to continue downwards, the price swiftly reversed above 2300 each time. The second reversal was even more pronounced than the first, resulting in a 400-pip increase in price. At present, Gold is trading around 2225 support zone. A...
Analyzing the options chain and the chart patterns of PPG Industries prior to the earnings report this week, I would consider purchasing the 130usd strike price Puts with an expiration date of 2025-1-17, for a premium of approximately $8.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
The latest Elliott Wave analysis on XAUUSD points to a SHORT trading opportunity. After completing an upward wave (b), the pattern suggests the formation of a bearish wave (c), which could potentially lead to a new low beyond the termination of wave (a). The price has begun to decline sharply from the peak of wave (b), signaling the start of what might be an...
Elliott Wave practitioners might observe a compelling setup on USDCAD for a potential SHORT. The currency pair seems to have completed an upward corrective wave (b), reaching towards the 0.618 Fibonacci retracement level, and is now potentially embarking on a bearish wave (c) journey. This turn aligns with the currency pair's reaction to a confluence of...