๐ Hello Traders!
Iโve been analyzing financial markets and studying Elliott Wave Theory for nearly five years. Throughout this journey, Iโve observed how misinterpreting this powerful tool can lead to inaccurate wave counts and poor trading decisions. While Elliott Wave is an incredible framework, it can be misleading in inexperienced hands due to subjective biases and miscounts.
๐ Thatโs why Iโm committed to sharing educational content on how to use Elliott Wave correctly and helping traders minimize these common pitfalls. In addition, I will regularly provide market analyses to spot major opportunities together.
๐ What to Expect?
I will share wave counts based on 4-hour charts for EUR/USD, DXY, BTC, XAU/USD, and SPX according to the following schedule:
๐น Monday โ EUR/USD
๐น Tuesday โ BTC
๐น Thursday โ XAU/USD
๐น Friday โ SPX
๐ก These updates will help you track market movements through the Elliott Wave perspective and make more informed trading decisions.
๐ Follow for advanced market insights, educational content, and regular updates!
Iโve been analyzing financial markets and studying Elliott Wave Theory for nearly five years. Throughout this journey, Iโve observed how misinterpreting this powerful tool can lead to inaccurate wave counts and poor trading decisions. While Elliott Wave is an incredible framework, it can be misleading in inexperienced hands due to subjective biases and miscounts.
๐ Thatโs why Iโm committed to sharing educational content on how to use Elliott Wave correctly and helping traders minimize these common pitfalls. In addition, I will regularly provide market analyses to spot major opportunities together.
๐ What to Expect?
I will share wave counts based on 4-hour charts for EUR/USD, DXY, BTC, XAU/USD, and SPX according to the following schedule:
๐น Monday โ EUR/USD
๐น Tuesday โ BTC
๐น Thursday โ XAU/USD
๐น Friday โ SPX
๐ก These updates will help you track market movements through the Elliott Wave perspective and make more informed trading decisions.
๐ Follow for advanced market insights, educational content, and regular updates!
WaveMaster FX pinned ยซ๐ Hello Traders! Iโve been analyzing financial markets and studying Elliott Wave Theory for nearly five years. Throughout this journey, Iโve observed how misinterpreting this powerful tool can lead to inaccurate wave counts and poor trading decisions. Whileโฆยป
$EURUSD 4H | Elliott Wave Analysis
EURUSD continues to move within a range!
Looking at the characteristics of Wave 4, there are multiple possible scenarios. However, I ultimately expect the correction to end within the Daily FVG (orange box) and for the price to resume its uptrend.
Stay tuned for more content like this! ๐
EURUSD continues to move within a range!
Looking at the characteristics of Wave 4, there are multiple possible scenarios. However, I ultimately expect the correction to end within the Daily FVG (orange box) and for the price to resume its uptrend.
Stay tuned for more content like this! ๐
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$BTC 4H | Elliott Wave Analysis
๐ Will Bitcoin's Decline Come to an End?
The internal structure of the drop from $110K is quite complex, but it can be counted as a triple zigzag. The formation of the second X wave as a triangle indicates that the momentum of the decline is slowing down.
Additionally, the CME gap has been almost entirely filled during this correction. I expect one more move down for the C wave, which could potentially find support around $70K.
๐ What are your thoughts? Do you see more downside ahead?
๐ Will Bitcoin's Decline Come to an End?
The internal structure of the drop from $110K is quite complex, but it can be counted as a triple zigzag. The formation of the second X wave as a triangle indicates that the momentum of the decline is slowing down.
Additionally, the CME gap has been almost entirely filled during this correction. I expect one more move down for the C wave, which could potentially find support around $70K.
๐ What are your thoughts? Do you see more downside ahead?
$XAUUSD 4H | Elliott Wave Analysis
In the previous update, I anticipated one more corrective dip before the uptrend resumed. However, price exhibited significant strength, continuing its ascent with minimal retracement.
With waves 1 and 2 already in place, wave 3 has developed as expected, showing strong momentum. At this stage, I expect a period of consolidation for wave 4, followed by a final push towards at least $3,100 in wave 5.
Key invalidation level remains at $2,880, and any deeper retracement below this point would require a reassessment of the current wave count.
๐Stay updated for further insights.
In the previous update, I anticipated one more corrective dip before the uptrend resumed. However, price exhibited significant strength, continuing its ascent with minimal retracement.
With waves 1 and 2 already in place, wave 3 has developed as expected, showing strong momentum. At this stage, I expect a period of consolidation for wave 4, followed by a final push towards at least $3,100 in wave 5.
Key invalidation level remains at $2,880, and any deeper retracement below this point would require a reassessment of the current wave count.
๐Stay updated for further insights.
$SPX 8H | Elliott Wave Analysis
๐ฅ A Temporary Pause Before the Next Big Move?
After a dramatic drop from the recent peak, triggered by an ending diagonal formation, the bearish momentum has slightly eased. The internal structure of this move suggests a clear five-wave decline. Now, a temporary relief rally is likely before price resumes its downtrend from the 0.5 - 0.618 Fibonacci retracement zone.
Do you think this bounce will hold, or is it just another short-term trap? Drop your thoughts below!
๐ฅ A Temporary Pause Before the Next Big Move?
After a dramatic drop from the recent peak, triggered by an ending diagonal formation, the bearish momentum has slightly eased. The internal structure of this move suggests a clear five-wave decline. Now, a temporary relief rally is likely before price resumes its downtrend from the 0.5 - 0.618 Fibonacci retracement zone.
Do you think this bounce will hold, or is it just another short-term trap? Drop your thoughts below!
๐ Hello traders,
Starting next week, I will focus exclusively on intraday EURUSD analyses. My charts will include scenarios, invalidation levels, and potential targets.
๐ These updates will be available on Twitter & Telegram, but soon, some insights will be exclusive to Telegram!
Starting next week, I will focus exclusively on intraday EURUSD analyses. My charts will include scenarios, invalidation levels, and potential targets.
๐ These updates will be available on Twitter & Telegram, but soon, some insights will be exclusive to Telegram!
$EURUSD 4H | Elliott Wave Analysis
As I predicted in my previous update, price followed the expected path. The reaction from the Daily Order Block was strong, and the latest candle printed with significant volume. From here, I anticipate the bullish continuation to resume.
Price completed wave C in an ending diagonal formation. After such structures, we often see sharp upward moves. I expect the price to extend towards the 1.12 level in the coming sessions.
Stay tuned for more insights! ๐
As I predicted in my previous update, price followed the expected path. The reaction from the Daily Order Block was strong, and the latest candle printed with significant volume. From here, I anticipate the bullish continuation to resume.
Price completed wave C in an ending diagonal formation. After such structures, we often see sharp upward moves. I expect the price to extend towards the 1.12 level in the coming sessions.
Stay tuned for more insights! ๐
$EURUSD 15M | Intraday Elliott Wave Update
Looking at the intraday structure, price did not immediately start an impulsive rally after the ending diagonal. Instead, we have seen two consecutive triple zigzags.
Given my higher timeframe analysis, I now lean towards the scenario where price does not reverse. For the bullish structure to remain valid, price should evolve into a new diagonal formation.
๐ Key invalidation level:
If price drops below 1.08172 without forming another three-wave push to the upside, this analysis will be invalidated.
๐ Bullish scenario:
If we see a new high, I expect price to pull back towards the 1H Order Block at 1.08250, completing the Micro (2) wave, and then continue higher.
๐ฏ Target:
The first upside target is the liquidity level at 1.09174.
Stay tuned! ๐
Looking at the intraday structure, price did not immediately start an impulsive rally after the ending diagonal. Instead, we have seen two consecutive triple zigzags.
Given my higher timeframe analysis, I now lean towards the scenario where price does not reverse. For the bullish structure to remain valid, price should evolve into a new diagonal formation.
๐ Key invalidation level:
If price drops below 1.08172 without forming another three-wave push to the upside, this analysis will be invalidated.
๐ Bullish scenario:
If we see a new high, I expect price to pull back towards the 1H Order Block at 1.08250, completing the Micro (2) wave, and then continue higher.
๐ฏ Target:
The first upside target is the liquidity level at 1.09174.
Stay tuned! ๐
$EURUSD 30M | Intraday Elliott Wave Update
Yesterday, price did not unfold as expected and printed one more low. The market has been highly manipulative in recent sessions, yet my higher-timeframe confirmations still suggest that an upward move should begin soon.
In todayโs update, when analyzing Micro (5) within Submicro (4), price formed a time-consuming, almost disproportionate triangle before taking another liquidity sweep during the London session. At this point, I believe this was a final liquidity grab, and the downside momentum is weakening.
๐ Key confirmation level:
If price breaks above 1.08090 without making a new low, I will start looking for long setups.
๐ฏ Targets:
First liquidity target: 1.08583
Higher target: 1.09174 (but I may not hold the entire position until thenโperhaps only a small portion).
โ Invalidation:
If price drops below 1.0770, this setup will be invalidated.
Letโs see how it unfolds! ๐
Yesterday, price did not unfold as expected and printed one more low. The market has been highly manipulative in recent sessions, yet my higher-timeframe confirmations still suggest that an upward move should begin soon.
In todayโs update, when analyzing Micro (5) within Submicro (4), price formed a time-consuming, almost disproportionate triangle before taking another liquidity sweep during the London session. At this point, I believe this was a final liquidity grab, and the downside momentum is weakening.
๐ Key confirmation level:
If price breaks above 1.08090 without making a new low, I will start looking for long setups.
๐ฏ Targets:
First liquidity target: 1.08583
Higher target: 1.09174 (but I may not hold the entire position until thenโperhaps only a small portion).
โ Invalidation:
If price drops below 1.0770, this setup will be invalidated.
Letโs see how it unfolds! ๐
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$BTC 4H | Elliott Wave Update
Bitcoin is resisting a decline!
After the zigzag pattern I mentioned in my last update, the price failed to drop due to bullish investors still in the market. However, the market doesnโt move based on expectations but rather on its own rational dynamics.
The price has completed a double zigzag formation and reacted from 88,865. I now expect a decline, at least down to the minuette wave a level, which is 76,800.
Stay tuned for more in-depth market analysis!
Bitcoin is resisting a decline!
After the zigzag pattern I mentioned in my last update, the price failed to drop due to bullish investors still in the market. However, the market doesnโt move based on expectations but rather on its own rational dynamics.
The price has completed a double zigzag formation and reacted from 88,865. I now expect a decline, at least down to the minuette wave a level, which is 76,800.
Stay tuned for more in-depth market analysis!
$EURUSD 30M | Intraday Elliott Wave Update
The past two days have been quite tricky, with price movements going against my expectations. Yesterdayโs reversal, right after a confirmation mechanism, made me question my higher-timeframe outlook.
After a detailed review, I now expect one more dip before a potential bullish move. Given the current downtrend, short setups still offer a higher probability. I'm watching the hourly FVG for a reaction, with 1.08020 as a solid entry point. A stop above this zone and a target around 1.07630 create a well-structured trade idea.
If the price follows this scenario, it will be my second trade this week. Remember, trading without a plan is like driving without a destination!
๐ Stay tuned for more in-depth market insights!
The past two days have been quite tricky, with price movements going against my expectations. Yesterdayโs reversal, right after a confirmation mechanism, made me question my higher-timeframe outlook.
After a detailed review, I now expect one more dip before a potential bullish move. Given the current downtrend, short setups still offer a higher probability. I'm watching the hourly FVG for a reaction, with 1.08020 as a solid entry point. A stop above this zone and a target around 1.07630 create a well-structured trade idea.
If the price follows this scenario, it will be my second trade this week. Remember, trading without a plan is like driving without a destination!
๐ Stay tuned for more in-depth market insights!
๐ฑ1
WaveMaster FX
$EURUSD 30M | Intraday Elliott Wave Update The past two days have been quite tricky, with price movements going against my expectations. Yesterdayโs reversal, right after a confirmation mechanism, made me question my higher-timeframe outlook. After a detailedโฆ
There it isโjust as expected! The drop has arrived! I told you!
One trade comes, another goesโstick to the plan! Who caught this move? You can now move your stop to the entry point.
One trade comes, another goesโstick to the plan! Who caught this move? You can now move your stop to the entry point.
$XAUUSD 4H | Elliott Wave Analysis
Gold has taken a temporary pause from its uptrend, moving sideways as the correction unfolds. The first leg of the retracement completed at $2,999, followed by an attempt to push higher. However, price action lacks momentum, with weak candle structures signaling an absence of strong buying interest.
๐ The rejection from the order block (orange zone) suggests that the second leg of the correction may have concluded. I expect price to drop further, at least toward the Wave A low, before completing Subminuette Wave 4. From there, the next leg higher toward $3,100 remains in play, as outlined in my previous update.
๐ Stay tuned for further insights!
Gold has taken a temporary pause from its uptrend, moving sideways as the correction unfolds. The first leg of the retracement completed at $2,999, followed by an attempt to push higher. However, price action lacks momentum, with weak candle structures signaling an absence of strong buying interest.
๐ The rejection from the order block (orange zone) suggests that the second leg of the correction may have concluded. I expect price to drop further, at least toward the Wave A low, before completing Subminuette Wave 4. From there, the next leg higher toward $3,100 remains in play, as outlined in my previous update.
๐ Stay tuned for further insights!
$EURUSD 30M | Intraday Elliott Wave Update
Is the Downtrend Over? ๐
The recent bearish trend had been creating bullish manipulations, but this latest move, with its strong volume and break of the previous low, increases the probability of an upward shift.
After completing a five-wave structure, the price pulled back, but I believe the correction isnโt over yet. A reaction from the 1H order block (1.07578) is likely, and I will be looking to position my orders there. Potential targets are marked on the chart. My wave count remains valid unless the price breaks below 1.07330.
๐ Let the market come to youโpatience pays.
๐ Stay tuned for more updates!
Is the Downtrend Over? ๐
The recent bearish trend had been creating bullish manipulations, but this latest move, with its strong volume and break of the previous low, increases the probability of an upward shift.
After completing a five-wave structure, the price pulled back, but I believe the correction isnโt over yet. A reaction from the 1H order block (1.07578) is likely, and I will be looking to position my orders there. Potential targets are marked on the chart. My wave count remains valid unless the price breaks below 1.07330.
๐ Let the market come to youโpatience pays.
๐ Stay tuned for more updates!
WaveMaster FX
$EURUSD 30M | Intraday Elliott Wave Update Is the Downtrend Over? ๐ The recent bearish trend had been creating bullish manipulations, but this latest move, with its strong volume and break of the previous low, increases the probability of an upward shift.โฆ
The price reached the first tp. We can pull the stop to the entry.
$SPX 4H | Elliott Wave Analysis
As expected in my last update, the price completed a correction and gathered enough momentum for further downside. After a short ABC zigzag retracement, the price reacted from 5787, aligning with the expected structure.
A confirmed break of the zigzag channel could accelerate the decline. However, if the correction evolves into a double zigzag, Iโll reassess my count. For now, I anticipate a continuation of the downtrend, with the first target at 5120.
๐ Key levels and wave counts are marked on the chart.
๐ "Master the trade, master yourself."
๐ Stay tuned for more insights!
As expected in my last update, the price completed a correction and gathered enough momentum for further downside. After a short ABC zigzag retracement, the price reacted from 5787, aligning with the expected structure.
A confirmed break of the zigzag channel could accelerate the decline. However, if the correction evolves into a double zigzag, Iโll reassess my count. For now, I anticipate a continuation of the downtrend, with the first target at 5120.
๐ Key levels and wave counts are marked on the chart.
๐ "Master the trade, master yourself."
๐ Stay tuned for more insights!
WaveMaster FX
$EURUSD 30M | Intraday Elliott Wave Update Is the Downtrend Over? ๐ The recent bearish trend had been creating bullish manipulations, but this latest move, with its strong volume and break of the previous low, increases the probability of an upward shift.โฆ
A Perfect Trade! ๐ฏ
The price tapped the first TP level with pinpoint accuracy before reversing, then came just shy of the second TP before pulling back. I knew this was just a correction, so I stayed patient and held the trade. Patience paid off! The price eventually hit my second target, and I secured profits at the level I initially planned to close my third target. Since I didnโt want to hold a position over the weekend, I wrapped up the trade with a solid ๐ 2.2R gain!
This trade was a textbook example of โ Stop management, โ Partial profit-taking, and โ Trade execution.
Big congrats to those who capitalized on it! ๐ฅ
A successful week comes to an end! See you next weekโhave a great weekend! ๐โจ
The price tapped the first TP level with pinpoint accuracy before reversing, then came just shy of the second TP before pulling back. I knew this was just a correction, so I stayed patient and held the trade. Patience paid off! The price eventually hit my second target, and I secured profits at the level I initially planned to close my third target. Since I didnโt want to hold a position over the weekend, I wrapped up the trade with a solid ๐ 2.2R gain!
This trade was a textbook example of โ Stop management, โ Partial profit-taking, and โ Trade execution.
Big congrats to those who capitalized on it! ๐ฅ
A successful week comes to an end! See you next weekโhave a great weekend! ๐โจ
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