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Wave Analysis

" Consolidation Before Fall : A Bearish Whispers in EUR/USD!In the timeless dance of the Euro and US Dollar, the 1-hour chart captures a moment of transition—a shift from strength to uncertainty. The pair once climbed with conviction, riding a bullish wave from a demand zone below. This ascent, marked as “Bullish Trend Progress,” carried the price steadily upward, until it met resistance at 1.17789—a supply zone where the bulls lost their breath. From that height, the story turned. Sellers stepped in, and the momentum slowly reversed. The decline wasn't abrupt, but deliberate—each candle suggesting the bears are now holding the pen. The chart hints at a pause, perhaps a brief consolidation, but the tone is set: a bearish continuation may lie ahead. The analyst’s note confirms this mood: “Trend paved the way for it. May consolidate little before becoming more bearish.” It's a warning whispered between the lines of price action. Below, three levels await the falling price: 1.16697 – the first signpost in the descent, a place for reflection. 1.16522 – more grounded, a likely pull from old demand. 1.16322 – the deepest target, where buyers may once again awaken. Each of these targets is a chapter not yet written, but already outlined in the structure of the chart. As the price hovers near 1.17051, traders wait, watching for the next move in this unfolding narrative—one that seems poised to turn another page in favor of the bears.
Short
by SmartEdgeTrading
SOLUSDT → Consolidation before the rally. New high?BINANCE:SOLUSDT continues to form a bullish trend without reacting to market noise. The price is consolidating before a possible rise. Focus on the trigger... Bitcoin previously overcame correction resistance and is consolidating in an intermediate zone in anticipation of a bullish driver, which could generally strengthen positive sentiment in strong altcoins. Against this backdrop, the market may form growth... SOL is consolidating in a symmetrical triangle pattern within an uptrend. Buyers are gaining momentum, and a breakout of the consolidation resistance could trigger continued growth with a subsequent update of the maximum. Resistance levels: 208.5, 212.25, 218.0 Support levels: 201.7, 197.4 Before the breakout and growth, a retest of the 205.0 - 201.7 zone may form, however, a breakout beyond the symmetrical triangle may trigger a spread. Growth targets may be 220, 245. Best regards, R. Linda!
Long
by RLinda
12
Btc daytrade this setup works because price rebounded strongly off the intraday lows showing buyers defending support while fundamentals align with a bullish case as bitcoin continues to benefit from institutional inflows optimism about future etf approvals and safe haven demand amid global uncertainty with the us dollar showing signs of softening the retrace into demand provides confluence for continuation higher making the bullish outlook supported by both technical rejection of lows and macro tailwinds
CME:MBT1!Long
by Spankky27
Weak Dollar, Strong Pound – Next Leg HigherWeak Dollar, Strong OANDA:GBPUSD FX:GBPUSD The last major decline unfolded as a clear zigzag, while overall price action remains bullish. This setup provides strong grounds to expect another push to new highs. 🔹 Wave structure The base scenario suggests the development of a ending diagonal. Currently, wave C within the third wave is in play, supporting the case for continued upside. 🔹 Fundamentals – Fed rate cuts should keep pressure on the dollar. – Weak labor market data further adds to dollar weakness. – Over the next 1–2 months, dollar weakness is likely to remain the dominant theme. 📈 Focus stays on GBP moving toward new local highs.
Long
by shakatrade1_618
XAUUSD Intraday Analysis – September 10, 2025 (H1 Chart)Gold has been in a strong bullish channel since late August, but the current rally is facing a heavy resistance zone at 3,665 – 3,675 USD/oz, where signs of a corrective move are emerging. 1. Technical Outlook Trendline & Channel: Price has been respecting the ascending channel but is now testing resistance and showing weakness. Fibonacci Retracement (from 3,395 → 3,675): 0.382 ~ 3,565 0.5 ~ 3,535 0.618 ~ 3,505 RSI (H1): Overbought (>70) and turning down, suggesting short-term correction. Elliott Wave: A corrective ABC structure is in play. Wave A has started, with Wave C possibly targeting 3,545 – 3,505. 2. Key Levels Resistance: 3,665 – 3,675 Short-term Support: 3,625 – 3,585 Major Support: 3,545 – 3,505 (confluence with Fibonacci 0.5 – 0.618) 3. Trading Strategies Short-term Sell Setup: Entry: 3,655 – 3,665 (resistance zone) TP1: 3,585 TP2: 3,545 – 3,505 SL: 3,685 Medium-term Buy Setup (Buy Limit Strategy): Entry: 3,545 – 3,505 (support & Fibo cluster) TP: 3,625 – 3,665 SL: below 3,485 4. Conclusion Gold is likely entering a corrective phase after testing the strong resistance zone. Traders may consider shorting near resistance and buying back at deeper support levels. - Keep these resistance–support levels on your chart for today’s trading plan, and follow along for more updated strategies.
FX:XAUUSD
by Henrybillion
EURNZD Will Go Higher! Long! Please, check our technical outlook for EURNZD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.969. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.013 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURUSD BUY?Market is overall bullish on daily and weekly. Based on 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal. We could see BUYERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor
Long
by WiLLProsperForex
XAUUSD – Outlook Ahead of PPI ReleaseXAUUSD – Outlook Ahead of PPI Release Good day Traders, Gold recently advanced towards the Fibonacci 2.618 extension before meeting resistance and reacting lower. Price has also broken through the most recent minor low within the upward structure, which, in my view, represents a violation of the prevailing bullish trend. A further leg would still be required to establish a durable reversal structure, yet the case for a bearish bias is already forming. Fundamental Context Later today, the US PPI data will be released. Expectations are for 0.3%, down from 0.9% previously. Should the forecast materialise, gold could extend higher in the short term. However, I believe the figure may not prove as weak as projected, and therefore it is prudent to monitor the market’s response to the data before committing to fresh positions. Technical Levels of Interest 3660: A potential retest of this zone could provide another reaction and may represent the most attractive level to initiate short exposure. 3318: If gold confirms a lower structure in line with Dow theory and decisively breaks beneath prior support, the market could extend towards this deeper downside target. Trading Approach The preferred strategy for today is to seek selling opportunities: Ideal entry: around 3660, should price retest and reject the level. Strong confirmation: a decisive candle close beneath old support would validate further downside and provide a clear short entry. Short-term traders may also consider scalping within the corrective range created during yesterday’s US session, as the market redistributes price action. This is my perspective on gold for the day. Traders should use it as a guide and align it with their own analysis and risk management.
OANDA:XAUUSDShort
by BrianLionCapital