Adobe Weekly NEOWAVE AnalysisAdobe is set to report earnings next week, making this an ideal time to share my chart. Currently, Adobe appears to be forming an expanding triangle, as wave B has extended significantly below the start of wave A. We are now approaching the completion of wave B, with wave C expected to follow likely driving the price well above the start of wave B. The upcoming earnings release could provide clarity on Adobe’s outlook, potentially shifting sentiment and fueling the bullish momentum needed for wave C to unfold.
Wavetheory
Hellena | GOLD (4H): LONG to resistance area of 3540.Colleagues, the forecast for an upward impulse has been confirmed and now I think that wave “3” is complete and I expect a correction in wave ‘4’ in the area of 3445 and then a continuation of the upward movement in the final wave “5”, which may meet resistance at the important level of 3540.
The most interesting thing is that if this is what happens - it would mean that there is a pretty strong correction ahead, after the execution of the scenario, and then a continuation of the upward movement, but we will talk about these plans later.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | SPX500 (4H): LONG to resistance area of 6600.Colleagues, the main idea is still the upward movement in the impulse of the middle wave “5”.
Wave “4” is likely to take place, because the bulls need to gain strength to update the local maximum of 6512.
The most important thing here is that the target of 6600 is a round number, which is quite attractive for buyers and limit sellers.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (4H): LONG to resistance area of 3460.Dear colleagues, the idea is generally simple and clear.
In the upward movement of waves “3”, “4”, “5” the price should update the maximum of waves ‘D’ and “B” 3448.87.
This means that we should expect the price in the area of 3460.
The target is quite close and I think there is reason to believe that it will be reached next week.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): LONG to the resistance area 1.17800.Colleagues, I thought I'd update the forecast a bit.
The target remains almost the same, but the wave layout has changed slightly.
I believe that at the moment the development of wave “5” of the higher order and wave “3” of the lower wave is underway.
Therefore, I still consider the area of 1.15765 as a support area and the area of 1.17800 as a target area.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | SPX500 (4H): LONG to resistance area of 6596 .Dear colleagues, I haven't made a forecast for the SNP500 in a long time and was waiting for a correction, but it seems that a major correction is not yet close, and at the moment the price continues to be in an upward five-wave movement.
Therefore, I believe that we should expect to reach the 6596 area, which will mark the end of the medium-term wave “3.”
The corrections are not very deep at the moment, but the price may reach the 6317 area before continuing its upward movement.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (4H): LONG to resistance area of 3400 (Wave 3).I am updating my idea because I have a certain vision of the situation, like the diagonal “ABCDE”, in which the movement has already ended. It is quite remarkable that this scenario, like the previous one, envisages a continuation of the upward movement.
Therefore, I am considering a small correction to the 3300 area (wave “2”), followed by a continuation of the upward movement to the 3400 resistance area.
If the price reaches the target immediately, this does not contradict the idea. Therefore, I recommend considering only long positions or limit orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
New Highs Ahead ? - BTCUSD Elliott Wave AnalysisHello Friends, Welcome to RK_Chaarts,
Today we are having Elliott wave theory counts on BTCUSD Bitcoin Chart Analysis
The weekly timeframe of the BTCUSD bitcoin chart reveals that we are unfolding Super Cycle Degree Wave (III) in Blue. This wave's sub-divisions, which should total five for a Cycle Degree, are visible. We've completed Waves I & II and begun unfolding Wave III in red.
Within Wave III, we are unfolding the 1st wave ((1)) of one lower degree as Primary (Black). This wave will unfold in five sub-divisions of one more lower degree as Intermediate degree in (Blue).
Daily Outlook:
On the daily outlook, we are currently unfolding wave (4) of Intermediate degree (Blue), a subdivision of wave ((1)) of Primary degree (Black). As wave (4) nears completion, a reversal is expected soon, driving prices toward new highs to complete wave (5) of ((1)).
Additional Support Confirmation:
Further reinforcing the analysis, the Anchored VWAP's Average is also showing support near 104,000. This confluence of support levels increases the likelihood of a reversal, making it an important level to watch for traders.
Key Takeaways:
- We're unfolding Cycle Degree Wave III on the weekly timeframe.
- Wave (4) of Intermediate degree is nearing completion on the daily outlook.
- A reversal is expected soon, driving prices toward new highs.
- Anchored VWAP also showing Support nearby current price.
Important Wave Theory Considerations:
As per wave theory, wave (4) shouldn't overlap wave (1), except in the case of diagonals and triangles. In this scenario, we are unfolding a diagonal, allowing wave (4) to enter into wave (1). However, it's crucial to note that wave (4) should not go beyond the low of wave (2) under any circumstances. If it does, our wave counts would be invalidated.
A Word of Caution:
Elliott Wave Theory and possible wave counts suggest that the price will make new highs on the chart soon. However, the market is inherently unpredictable and always ready to surprise. Therefore, it's essential to consider "what-if" scenarios in your trading journey.
Are we ready for new highs ?
As we navigate the complexities of the market, it's vital to remain adaptable and prepared for any eventuality. By acknowledging the potential for surprises and maintaining a flexible mindset, traders can better navigate the markets and make informed decisions.
Conclusion:
The BTCUSD bitcoin chart is poised for a reversal, driven by the completion of wave (4) and the subsequent unfolding of wave (5). While the analysis suggests new highs are on the horizon, it's essential to remain cautious and consider the unpredictability of the market. Are you prepared for the possibilities that lie ahead ?
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.
LINKUSDT – Possible Reversal After 5 Waves UpLINK has just completed a clear 5-wave impulsive move to the upside. With Wave V looking complete, there’s now a high probability of a corrective phase.
I’m watching for a potential drop towards the 17.5 USDT zone, which would be a significant percentage move from current levels.
📊 Potential Trade Levels:
Entry zone: 24.5 – 23.2 USDT
Stop Loss: 27.030 USDT
Target: 17.171 USDT
This scenario could unfold as an ABC correction.
⚠️ Disclaimer: This is just a personal trading idea based on Elliott Wave analysis, not financial advice. Please manage risk and do your own research before trading.
S&P Weekly NEOWAVE AnalysisThe index appears to be approaching a potential short-term top. The ongoing Wave B structure is most likely unfolding as a Neutral Triangle, given the prolonged time taken by Wave C. Based on the guideline of alternation, Wave D is expected to be sharp and deep, while Wave E will likely mirror the length of Wave A.
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!
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!
AUDNZD Technical OutlookWhat I See!
AUDNZD is showing a rising wedge formation after an extended move higher from the May swing low. Price is reacting around the 1.1000 psychological level, which overlaps with a daily Fair Value Gap (FVG) and a prior supply zone.
From a structural perspective, a move toward the bullish daily FVG near 1.0850 is a possible short-term development. If this zone holds, the chart could continue to build toward the equal highs around 1.1181.
Alternatively, invalidation of the 1.0850 daily FVG could open the door for a deeper decline, potentially completing the wedge pattern and drawing price toward lower demand areas.
This chart is presented for educational discussion of market structure and technical patterns only. It is not a trade signal or financial advice.
💬 Got questions? You’re welcome to share your thoughts in the comments.
some continuation thru fall for BTC and cryptominor upside continuation for BTC with current price action into fall. Likely top in October.
BEAR market will begin after this and continue thru next year. Target at bottom of range (see highlights on chart regarding optimal buy zone) for start of next bull cycle. COINBASE:BTCUSD
Nifty 50's Elliott Wave Analysis & Price ProjectionHey, so let's take a look at this chart of the Nifty 50. where the market might be heading. Just a heads-up, this is all for learning, not for making actual financial decisions. Think of it more like a potential roadmap than a guaranteed outcome.
From what I can see, the chart is laying out a classic five-wave pattern.
* Wave 1: The first big push up was in the latter half of 2022 into early 2023. It was the start of the uptrend.
* Wave 2: After that, the market pulled back a bit—a healthy correction, really—in the middle of 2023. It didn't drop below the starting point of the first wave, which is exactly what you'd expect.
* Wave 3: This was the huge run-up that we saw from mid-2023 all the way into early 2024. That's typically the strongest and longest part of the move. The chart marks it with a "(b)" which suggests it's part of a bigger picture, but for now, we can see it as the big third wave.
* Wave 4: Now, we're in the middle of a correction, a kind of zigzag, that started after that massive run-up. The chart shows it finding a bottom around mid-2025. It's like the market is taking a breather before the final push.
* Wave 5: And this is where it gets interesting. The chart is forecasting the final leg up, starting from this mid-2025 low. It's suggesting we could see a big rally, with the Nifty potentially hitting targets around 28,000 and even above 30,000 by late 2026 or 2027.
Basically, the chart is saying we've gone up, corrected, gone up big, and now we're in a smaller correction, getting ready for one last big move to the upside.
Again, this is just one way of looking at the market. No one has a crystal ball, and a ton of other things—like news, company earnings, and what's happening around the world—could change this forecast completely. So, always do your own homework and talk to a pro before you invest your hard-earned money.
This forecast report is for educational purposes only and should not be considered financial advice. Market analysis, especially projections based on technical indicators like Elliott Wave theory, is speculative and does not guarantee future results. Always conduct your own research and consult with a financial professional before making any investment decisions.
Hellena | Oil (4H): SHORT to support area of 65.944.Colleagues, I previously recommended moving trades to break-even, and for good reason. It is always necessary to hedge and reduce losses—this is part of professional work.
(Breakeven=Risk Free: Move Stop loss to the entry level).
The price has nevertheless shown a stronger correction, and I now believe that the medium-term “ABC” waves have not yet formed, nor has the large “Y” wave.
This means that I expect the completion of wave “B” and then a continuation of the downward movement in wave “C.”
I consider the support area of 65.944 to be the minimum target.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Let's learn & Apply Elliott Wave Rules on chart: BTCUSD BitcoinHello Friends,
Welcome to RK_Chaarts,
Friends, Today we are going to learn 3 Rules of the Elliott Wave theory, there are three principles and some patterns. Impulses move in a 1-2-3-4-5 pattern, either as an impulse or a motive wave. However, within impulses, there are three rules:
Rule No 1:
Wave 2 will never retrace more than 100% of Wave 1.
Rule No 2:
Wave 3 will never be the shortest among Waves 1, 3, and 5; it can be the largest, but never the smallest.
Rule No 3:
Wave 4 cannot overlap Wave 1, except in diagonals or triangles; in impulses, it cannot overlap.
We've checked these three rules and marked them with separate tick marks on the chart with different colors, making them clearly visible. You can review the chart and verify these rules yourself, learning how wave principles are applied and checked.
We've explained all this through a drawing on the chart, so we won't elaborate further here. Moving forward, let's analyze what the wave theory suggests about the current market trend. This entire analysis is shared for Educational purposes only.
I hope you'll consider this educational post as a learning resource, Definitely, I encourage you to review the chart as an image or picture to better understand the concepts we've worked hard to explain.
Our effort will be successful if you gain a deeper understanding and learn something new from this post. If you find this helpful and informative, our hard work will have paid off. Please keep this in mind as you review the material.
Now let's explore how wave counts within wave counts, or lower degrees within higher degrees, unfold through complete wave theory patterns and following theory Rules all the times.
Let's take a closer look at the Bitcoin chart we've analyzed using Elliott Waves. From this perspective, it's clear that the Intermediate Degree Wave (2) concluded around June 23rd.
After this, we observe that the internal wave counts of the lower degree, specifically Wave 1-2-3 (in red) have completed their cycle of Minor degree. Furthermore, Red Wave 4 of same Minor degree has been moving sideways, characterized by a downward trend.
Notably, the fall of Red Wave 4 is classified as a Minor Degree movement. Interestingly, this downward movement appears to have terminated in an even lower degree, namely the Minute Degree, which we've marked in black as ((w))-((x))-((y))-((xx))-((z)) that means Wave 4 of Minor degree (in Red) is complete.
Given that Red Wave 4 Minor has reached its conclusion, it's highly plausible that Wave 5 has initiated. This development suggests that Bitcoin is poised to make a significant move.
Moving on to the analysis, we observe that:
- Rule 1: Wave 2 has not retraced more than 100% of Wave 1, so this rule is intact.
- Rule 2: Wave 3 is not the shortest among Waves 1, 3, and 5, so this rule is also valid.
- Rule 3: Wave 4 does not overlap Wave 1, so this rule is also satisfied.
Bitcoin is all set to shake things up! We eagerly anticipate further rallies in the market.
This post is shared purely for educational purpose & it’s Not a trading advice.
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.
Hellena | GOLD (4H): LONG to area of 3370 (Wave 2).Colleagues, gold is once again disrupting our plans, and I have to revise the wave marking. It's not easy, but the most important thing is to keep doing it.
Now I'm back to the previous marking — the price is in wave “2” correction.
To complete this wave, the price needs to overcome the level of wave “W” of the middle order 3246.82. Then the correction will be completed and wave “3” will begin an upward movement.
I see the minimum target in the area of the 3370 level.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (4H): LONG to resistance area of 3440 (Wave V).As you can see, everything turned out to be more complicated than I had previously thought. We are dealing with a complex correction and a diagonal. I believe that the “ABCDE” waves, which make up the corrective wave “4”, are completing their levels, and I continue to expect the upward movement to continue.
The first area I expect is the resistance area of 3440. This will be the beginning of the large upward wave “V.”
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): SHORT to support area of 63.000.Colleagues, I believe that wave “B” has formed at the level of 69.938, and now we expect the downward movement to continue with the aim of completing wave ‘C’ of the middle order and wave “2” of the higher order in the support area of 63,000.
It is quite possible that the price could reach the 60,000 level, but I think that for now it is worth focusing on the nearest targets.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
EUR/USD - Holding Bullish Structure Above Key Fibs and TrendlineTechnical Overview:
EUR/USD continues to respect its ascending channel structure, currently rebounding from the lower trendline support while trading above the 50 EMA and 200 EMA. After a healthy retracement to the monthly support (1.16128), the pair has shown strong buying interest, supported by bullish RSI divergence from oversold conditions on the 8H chart.
Key Levels:
Support Zone: 1.1613 – 1.1634 (Fib Cluster + Channel Support + Monthly Support)
Resistance Zone: 1.1755 (Weekly Resistance) followed by 1.1816 (0.27 Fib Extension) and 1.1887 (0.618 Extension)
Invalidation Level: Below 1.1533 (1.272 Fib + Structural Breakdown)
Confluences:
Price broke above a descending correctional trendline, indicating a potential bullish continuation.
Multiple Fibonacci levels (0.382, 0.5, 0.618) have stacked around the previous consolidation area, increasing probability of a sustained move.
RSI bounce from below 40 suggests short-term momentum reversal.
Trade Idea:
We may see a minor pullback into the 1.16344–1.1659 area before a potential continuation higher. Conservative bulls may wait for a retest of this zone with a bullish engulfing or pin bar confirmation before entering long.
Targets:
First target at 1.1755 (prior weekly resistance)
Second target at 1.1816 (Fib extension)
Final target near 1.1887 (major resistance / upper channel boundary)
Risk Management:
A break and close below 1.1533 would invalidate the bullish setup and signal potential bearish pressure returning to the pair.