Hello TradingView enthusiasts, In this post, I'm dissecting the recent price action of Bitcoin (BTCUSD) on the 15-minute chart using Elliott Wave analysis to predict an upcoming decline. Our analysis starts from the significant low, marking it as the beginning of our wave count. We have witnessed a clear five-wave impulse to the upside, culminating in a high...
Hello fellow traders, Looking at the S&P 500 on the 30-minute timeframe, I've identified an intriguing Elliott Wave pattern suggesting a potential decline. The recent price action has completed a full impulse cycle (waves 1 through 5), followed by a corrective wave (a) and a smaller rally for wave (b). Currently, we seem to be at the beginning of wave (c), which...
Hello Traders, Today, I'm sharing my analysis of the NASDAQ (US100), where I foresee a potential short opportunity, based on Elliott Wave theory. The 30-minute chart has showcased a complete impulse sequence followed by a corrective pattern, suggesting we're gearing up for another move lower. The sequence started with a sharp rally labeled as waves 1 through 5,...
Hello TradingView community, Today, I'm looking at a compelling opportunity in the XAUUSD market, presented through the lens of Elliott Wave analysis. As observed on the 1-hour chart, the Gold price has recently completed what appears to be the fourth wave of a standard five-wave impulse pattern. From the low formed on April 22, we can see that the price has...
In this 3-hour Gold Spot (XAU/USD) chart, the price action is contained within a descending channel. Notably, there have been several instances where the price has touched and reacted to the upper and lower boundaries of the channel, as shown by the shaded ellipses. The price is currently experiencing a rebound off the lower trendline, suggesting a potential...
Looking at the NASDAQ 100 (US100) chart on the 1-hour time frame, I see a bullish trend encapsulated within a rising channel. We're currently observing what appears to be a slight pullback from the upper trendline of the channel, which is a common occurrence after testing resistance areas, indicated by the shaded circles. The dotted blue lines suggest the trader...
In this USDCAD 2-hour chart, I’m forecasting a bullish scenario based on Elliott Wave analysis. The chart presents a clear corrective pattern post a significant uptrend, labeled as waves (1) through (4), and suggests that we could be in the early stages of the final impulsive wave (5). The decline of wave (4) seems to have found support, and there's an indication...
In this USDJPY 30-minute chart analysis, I'm leaning towards a SHORT position based on the Elliott Wave Theory. Observing the price movements, it appears we've completed an impulsive five-wave sequence, with the final (5) wave exhibiting a dramatic peak. Following Elliott Wave principles, after a five-wave uptrend, a correction typically ensues, which consists of...
This 15-minute chart depicts the Dow Jones Industrial Average index with Elliott Wave annotations indicating a potential correction in the form of a zigzag pattern (labeled as (a), (b), and (c)). The dotted blue lines project possible future price movements based on this analysis. The pattern suggests that the market has completed a corrective wave (a), and it's...
The GBPCHF 15-minute chart provides an intriguing perspective for a potential SELL based on Elliott Wave Theory. We observe the completion of a five-wave upward sequence culminating in wave (5), suggesting that a corrective phase might be underway. From the peak at wave (5), we can see the start of a downward correction. The corrective wave (a) has already made a...
In this CHFJPY 1-hour chart, Elliott Wave Theory suggests a promising SELL opportunity. The chart displays a completed impulsive five-wave sequence culminating in a peak at wave (5), followed by an apparent initiation of a corrective phase. The price movement has already formed wave (a) of the corrective phase and is now seemingly in the midst of wave (b), which...
In the USDJPY 1-hour chart, Elliott Wave Theory suggests a SELL opportunity is developing. The chart displays a completed impulsive sequence from points (1) to (5), followed by the start of a corrective phase. The completion of wave (5) at a significant high implies that the market is now in the corrective stages, traditionally consisting of an A-B-C pattern....
In this NZDCHF 1-hour chart, the Elliott Wave Theory suggests a potential SELL opportunity. The price action shows a completed five-wave sequence upward followed by a developing corrective pattern. We can see the impulsive wave sequence marked as (1) through (5), culminating in a peak at wave (5). The subsequent corrective phase, consisting of an A-B-C...
This 1-hour CADJPY chart analysis suggests a SELL opportunity, employing Elliott Wave Theory for strategic planning. The chart illustrates a completed five-wave upward movement followed by the onset of a corrective A-B-C pattern. From the peak of wave (5), a notable decline marks wave (a), followed by a corrective rebound in wave (b), which seems to be...
The GBPJPY 1-hour chart analysis suggests a potential SELL opportunity based on the Elliott Wave Theory. The chart reveals a completed impulsive structure, labeled (1) to (5), followed by the beginning stages of a corrective phase. After completing the fifth wave at a high, the pair has started to retrace, marking the beginning of a typical ABC correction. The...
In this USDCAD 15-minute chart, we are examining the potential for a BUY position based on Elliott Wave Theory. The analysis highlights the completion of three waves and indicates we might be nearing the end of the corrective wave (4), setting up for the next impulse wave (5). Currently, wave (4) appears to be retracing and finding support around key Fibonacci...
This 15-minute chart analysis of XAUUSD (Gold Spot/U.S. Dollar) suggests a possible SELL opportunity using Elliott Wave Theory. After observing an upward impulse wave sequence, we are currently in a corrective phase. The chart depicts a completed impulsive structure from points (1) to (3) and suggests a potential retracement as part of the corrective wave...
The chart shows a completed impulse wave (1 through 5), followed by the start of a corrective ABC pattern. Currently, the chart depicts wave (a) as complete and wave (b) in progress, with a potential wave (c) projected downward. The dotted line extending from the end of wave (b) suggests the expected path of wave (c), which is typically a move in the opposite...