GOLD Completes Wave 4 & Gears Up for the Major Wave 5.
Is This the Start of the Big Rally?
Is This the Start of the Big Rally?
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Bitcoin Faces a Major Elliott Wave Correction
Is the market preparing for its biggest drop since the all-time high?
▪️Elliott Wave analysis shows that Bitcoin may have completed wave (B) near $116,000.
▫️A corrective wave (C) could drag prices toward the 61.8% Fibonacci retracement before the next bullish cycle begins.
Is the market preparing for its biggest drop since the all-time high?
▪️Elliott Wave analysis shows that Bitcoin may have completed wave (B) near $116,000.
▫️A corrective wave (C) could drag prices toward the 61.8% Fibonacci retracement before the next bullish cycle begins.
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Crude Oil is setting up for a powerful wave, Are you ready for the next big move?
▪️Crude Oil has just completed a corrective phase near the 88.7% retracement, aligning perfectly with Elliott Wave structure.
▪️With Wave (ii) potentially ending, a strong rally toward the 161.8% extension is expected.
▪️Traders should prepare for momentum acceleration.
▪️Invalidation remains at 59.389.
▪️Crude Oil has just completed a corrective phase near the 88.7% retracement, aligning perfectly with Elliott Wave structure.
▪️With Wave (ii) potentially ending, a strong rally toward the 161.8% extension is expected.
▪️Traders should prepare for momentum acceleration.
▪️Invalidation remains at 59.389.
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Elliott Wave Monitor
Expected Bullish Momentum
On the 4-hour chart, GOLD has likely completed the corrective wave (ii) at the 3311.57 low, while the invalidation level remains at 3321.51. 1
Current price action suggests the start of an impulsive wave (iii) to the upside, which is typically strong in Elliott Wave theory.
As long as the market holds above the invalidation level, the bullish scenario stays valid with potential upside targets around 3440.
A drop below 3321.51 would negate this outlook.
Current price action suggests the start of an impulsive wave (iii) to the upside, which is typically strong in Elliott Wave theory.
As long as the market holds above the invalidation level, the bullish scenario stays valid with potential upside targets around 3440.
A drop below 3321.51 would negate this outlook.
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USDJPY Preparing to Complete Wave 4 Triangle
▪️From an Elliott Wave perspective, USDJPY appears to have completed most of its wave 4 triangle structure, with price currently unfolding the final wave e.
▪️The completion of this triangle is expected to provide a solid base for the upcoming impulsive wave 5, targeting levels above 150.919 toward 152–153.
▪️From an Elliott Wave perspective, USDJPY appears to have completed most of its wave 4 triangle structure, with price currently unfolding the final wave e.
▪️The completion of this triangle is expected to provide a solid base for the upcoming impulsive wave 5, targeting levels above 150.919 toward 152–153.
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According to Elliott Wave analysis, GOLD has completed the fourth corrective wave (IV) around 3268.04, which formed a standard triangle pattern (ABCDE).
The current wave (iii) of the major upward wave (3) is now moving strongly, with the price currently in sub-wave iii within this wave.
Expectations:
We anticipate a short-term correction near the 38.2% retracement of the previous wave, representing sub-wave iv.
After this correction, the likely scenario is a continuation of the uptrend to complete wave 5 within the major wave (3).
Potential bullish targets range between $3550 – $3620 per ounce, with support at $3400 being a key level for wave iv.
Conclusion:
The current trend remains bullish as long as price holds above $3400 support.
This scenario offers traders an opportunity to enter during the correction and target gains in the upcoming wave 5.
The current wave (iii) of the major upward wave (3) is now moving strongly, with the price currently in sub-wave iii within this wave.
Expectations:
We anticipate a short-term correction near the 38.2% retracement of the previous wave, representing sub-wave iv.
After this correction, the likely scenario is a continuation of the uptrend to complete wave 5 within the major wave (3).
Potential bullish targets range between $3550 – $3620 per ounce, with support at $3400 being a key level for wave iv.
Conclusion:
The current trend remains bullish as long as price holds above $3400 support.
This scenario offers traders an opportunity to enter during the correction and target gains in the upcoming wave 5.
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