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Elliottwaveprojection

EURJPY: Short Setup with Target Zones in FocusEURJPY outlines a clear W-X-Y corrective pattern. Wave (W) ended at 161.297 , followed by an upward corrective move in Wave (X), which topped at 162.665 with a classic ABC formation. Currently, the price is hovering around 162.084, likely forming Wave B of the final Y leg. A brief move higher could complete this B wave before the pair resumes its decline toward the 160.922–160.680 area, which marks the projected end of Wave C of (Y). The broader correction is framed by two descending blue trendlines, providing dynamic resistance and support, while a short-term red ascending trendline is currently holding the price action but may soon give way. If the price stalls or rejects around the 162.3–162.5 zone, it could signal the start of the next leg down, making it a potential setup for short positions. After the reversal from Wave Y, potential upside targets are 161.600, 162.500 , and 163.100 . We will update it soon!
by Money_Dictators
Comprehensive Research - McDonald’s Stock Set to SoarQuick read: McDonald's stock is poised for a bullish move, with Wave 3 likely starting and strong support near 290.50–295.00. Traders should long on dips within this range, for next resistance levels, 326.00 and 348.00 with a invalidation below 276.00. This setup offers a solid risk-to-reward in a long-term uptrend. Alternative safe entry is possible after the break of corrective channel breakout of wave (2). Elliott Wave Forecast: TF - Daily The chart suggests that McDonald’s stock is in the middle of a larger upward move known as Wave C, which comes after completing a complex correction. Wave C is expected to unfold in five smaller waves, a pattern that usually points to a strong uptrend. It appears the correction is behind us, and a fresh bullish phase is underway. Starting from the low at 276.53 , marked as Wave B, the price climbed to 326.32 , forming Wave one. After that, the stock pulled back to 290.50 , forming Wave two. This pullback followed a typical ABC pattern within a corrective channel, which often signals the end of a downturn and the beginning of an upward move. Now, Wave three seems to be starting, and this is usually the strongest part of Wave C. The price is expected to move above 335 , take a small pause for Wave four, and then rise again to complete Wave five somewhere around 345 to 350 dollars. This positive outlook remains intact as long as the price stays above 290.50 . With the breakout from the corrective channel, the setup looks strong and clear for buyers. Fibonacci levels: Fibonacci Extension Targets: 1.000 extension: 326 1.618 extension: 348 Correction Retracement Levels: Wave 2 retracement: 78.6% A = C in A-B-C correction: 289.21 Price Action & shifting of value: TF: Weekly McDonald’s stock has been steadily climbing inside a rising channel since late 2020, showing a clear long term uptrend. The price has respected both the top and bottom edges of this channel very well, and interestingly, the middle line has acted like a pivot, providing support or resistance multiple times over the years. Recently, the stock made a higher low at 276.53 and bounced back strongly, keeping the bullish structure intact. It then pulled back to 290.50 , right around the middle line of the channel, and held above an upward sloping trendline. This kind of price action shows strength and suggests buyers are stepping in. The sharp move from 276.53 up to current levels looks like a strong bullish leg, possibly driven by accumulation. If the stock can break above its recent high of 326.32 , it could head toward the upper end of the channel. As long as the price stays above 290.50 and especially above 276.53 dollars, the bulls remain in control. Even if the price dips a bit, the long term trend stays positive unless the lower boundary of the channel breaks down. I will update more Information here.
NYSE:MCD
by Money_Dictators
EUR/NZD Wave Structure Shift: 4th Wave Correction in ProgressThe 3rd wave in EUR/NZD appears to have been completed, and the market seems to be entering the 4th wave. There is a possibility that the 4th wave could take support near the Fibonacci 0.5 level (1.19164). After that, the 5th wave of the impulse phase may move upward. If the market falls below 1.98303, it would confirm the beginning of the 4th wave. In that scenario, the first target could be around 1.95907 .
by Money_Dictators
NVDA’s Final Act: A Breakout Waiting to HappenNVDA appears to be nearing the completion of its corrective phase, setting the stage for a potential move to new highs. The current pattern resembles a falling wedge, indicative of an ending diagonal formation, which often signals a reversal and the start of an upward trend. The structure of the corrective channel, along with the termination of the diagonal pattern, suggests a high likelihood of a running flat formation. Buyers are likely to intensify demand pressure as the price approaches the lower boundary of the trendline. A trend reversal may occur if there is a decisive breakout above the Wave 4 level of the ending diagonal. Buying opportunity with minimal stop is possible after the reversal from lower side of the channel. Targets can be 112 - 120 - 132 - 140. I'll be sharing more details shortly.
NASDAQ:NVDA
by Money_Dictators
XAU/USD: 5th Wave Rally After CorrectionOn the 1-hour timeframe, XAU/USD has formed an Elliott Wave corrective structure. This is an expanded flat correction, typically seen in the 4th wave. The correction seems to have been completed at 3,054, suggesting that the 5th wave may be in progress. For bullish traders, a potential long position can be considered around the 0.236 retracement level as a pullback entry point. The 5th wave has the potential to reach the following upside targets: 3,110, 3,145, 3,165 However, this bullish outlook remains valid only if the low of Wave IV holds. A breakdown below this level would invalidate the bullish scenario.
OANDA:XAUUSD
by Money_Dictators
GBP/USD Technical Outlook: Elliott Wave Mapping the Next MoveThis GBP/USD 4H chart presents an Elliott Wave analysis. Wave (1) and (2): The market had an impulsive bullish movement in Wave 1, followed by a corrective Wave 2. Wave (3): A strong bullish move with momentum. Wave (4): A corrective phase, forming a triangle pattern (a-b-c-d-e), which suggests the market is preparing for another impulsive leg. Entry Confirmation: A breakout above the triangle pattern. First Target: 1.31457 (Fibonacci 0.382) Second Target: 1.32105 (Fibonacci 0.5)
by Money_Dictators
3
Nifty - Awaiting the Fifth Wave for a BreakoutNifty recently hit a low of 21,905 , marking a key reversal point in the trend. A well-defined Head and Shoulders pattern is emerging, with the right shoulder currently forming. The ongoing pullback has retraced to the 38.2% level, but there is potential for it to extend towards the 50% mark at 22,906 . However, the upward move appears to be losing momentum, with buying interest remaining subdued. Based on the chart, the head of the pattern signifies the beginning of a new impulse wave. This appears to be the fourth wave within the larger first wave. Once Nifty completes this corrective phase, the fifth wave is expected to present a trading opportunity. If wave equality holds, Nifty could potentially rise to 24,857 .
NSE:NIFTY
by Money_Dictators
1
GOOGL - Elliott Wave Final ShowdownGOOGL has dropped over 27.28% , reaching a minor profit-booking zone. The $150 level serves as a key demand zone, where a potential price reversal could occur. The formation is either expanded flat or a running flat on the daily timeframe chart. Confirmation is best observed near the lower trendline of the parallel channel. If bearish momentum persists, prices may decline further to the $142-$140 range before a strong rebound. Once the correction ends, the upside targets are $168, $180, and $195. A new low will form if the previous low is breached. Further research will be uploaded soon.
NASDAQ:GOOGL
by Money_Dictators
Is Bitcoin on the Verge of a Massive Breakout?Bitcoin's wave ((4)) has successfully completed a W-X-Y corrective formation. If Bitcoin manages to decisively break above the key resistance level of 88,826, it could trigger a powerful impulsive rally, potentially driving prices toward the next major targets at 95,250 - 99,508 - 109,176. Additionally, the parallel channel's lower trendline is offering substantial support, preventing further downside movement. A strong breakout above this channel could significantly enhance bullish momentum, increasing the probability of Bitcoin reaching new all-time highs. We will update you soon!
BITSTAMP:BTCUSD
by Money_Dictators
1
Shocked by Nifty50's sharp correction? Don't worry!Today NIFTY has crashed by 350+ points and reached 23165, a correction from 23800 levels . Let me explain, This Nifty Daily chart is a classic example of how many fundamentals of Technical Analysis are satisfied. 1) Old resistances in 2024 at 22800 will now become Support levels 2) If it goes to 23000 and stops at 22800 levels it also fulfils the Wave 4 criteria, which says that Wave 4 never gets in Wave 1 territory 3) If this happens, the chart also completes an Inverse Head and Shoulder's Right Shoulder bottom to make an up-move towards the Neck. 4) if it crosses the Neck, the targets of Nifty will be above 25500, which will be 2500+points. Technicals are beautiful only when you practice them.
NSE:NIFTYLong
by marwah.raghav
Is gold going to be eclipsed? ------------------------- Timeframe: 240 Min ------------------------- The price action suggests a completed impulse structure originating from the 2833 low, with gold now trading at an all-time high. Based on cluster zones and Fibonacci extensions, wave (5) still has the potential to extend toward the 3150-3200 range. This zone represents a key resistance level where buying momentum may slow down, signaling an impending shift in market dynamics. Once wave (5) completes, it will mark the end of wave ((3)) of a higher degree, setting the stage for a corrective move. A retracement toward the previous wave (4) level is expected as wave ((4)) develops, aligning with historical corrective behavior after extended rallies. This phase will provide crucial insights into the market’s next major move. Stay tuned for further updates.
OANDA:XAUUSD
by Money_Dictators
2
NSE IOC – Approaching a Key Demand ZoneTimeframe: Daily After reaching a high of 196.8, the price has declined by over 39% in 13 weeks. It is currently trading below the 50/100 EMA band, with ATR at 3.68 and ADX at 26.02 . According to the Elliott Wave projection, the peak of 196.80 can be identified as a wave ((3)). The security is currently undergoing the formation of a corrective wave (4). Wave (B) formed at 185.97 , while wave 4 of wave (C) was completed at 145.10 . NSE IOC is now setting up for the final wave 5 of wave (C). Two key Fibonacci relationships help estimate the end of the correction: 1.618 Fibonacci extension of wave (A) at 106.54 (for wave C) 0.618 Fibonacci extension of wave 1 at 115.52 (for wave 5) The price is expected to settle between 115 and 105 , which serves as a key demand zone for buyers. If the price breaks out and sustains above 129.75, traders can target the following levels: 139 – 156 – 172+. we will update further information soon.
NSE:IOC
by forextidings
1
BANKNIFTY: Elliott Wave AnalysisBANKNIFTY counting using Elliott Wave theory is done from 13th January. We can see FLART- ZIGZAG- ZIGZAG CORRECTION marked in the chart. The top made on 6th February is marked as wave (W) because it has 3 moves in it. The fall after that was sharp and fast. This is the characteristic of wave (X). Now, according to my analysis price is standing on wave (B) of wave (Y). and as per previous observations, wave (Y) always crosses the top of wave (W), so we can expect it to go up to 100% extension. This not any buying or selling recommendation. This analysis is based on Elliott Wave theory and Fibonacci. For educational purpose only.
NSE:BANKNIFTY
by theprofityogi
5
NSE LINDEINDIA – Elliott Wave ProjectionTimeframe: Daily NSE LINDEINDIA is currently trading below both the 100 and 200 EMAs, indicating a bearish trend. The ATR stands at 232, reflecting low volatility while supporting the ongoing downward movement. The price action has formed a descending channel, with a clear corrective pattern visible within this structure. The price has completed wave 5 of wave (C) and begun moving upward. A downward value area is visible near the lower band of the descending channel. The price has reached 100% of wave (A), suggesting it has hit the anticipated Fibonacci ratio, indicating a potential correction. To confirm this assumption, the price must break above wave 4 of wave (C) at 6800 . If this breakout occurs, traders can look for the following targets in a long setup: 7500 – 8198 – 8660+. We will update further information soon.
NSE:LINDEINDIA
by forextidings
Nifty50: We are at the Cusp of a Mega Bull market till 2026 !!As per my Time cycle and Elliot wave forecast, we can see major lows in the markets are formed on or near this 144 days GANN cycle, so as per this research, a meaningful low is now due in our Indian markets in coming weeks, a low which will not to tested for the years to come, so don't be afraid of the ongoing correction which is at the matured stages, don't fold your SIP's or Investments, its time to be GREEDY for the rest of 2025 and 2026, Accumulating nifty via Nifty bees now and can near key retracement levels (Refer chart) can be a wise Idea.
NSE:NIFTYLong
by chinmaypatnaikk
3
BankNifty's Elliott Wave : Can It Reach Targets 49250+ & 49650+ As Elliotticians, this is one of the cardinal rules often overlooked, leading analysts and traders into traps. However, knowing the "line in the sand" where you could go wrong—48610—is crucial. Getting the opportunity and executing the trade is another challenge, leaving no room for emotions. Emotions in trading can be dangerous; in fact, managing emotions is equally important in real-life decision-making. As discussed earlier today, just 60 minutes ago, the question remains: Can we touch 49250+ and 49650+ upside targets? Always consult your financial advisor before making any trades. Regards, WaveTalks Market Whispers - Can You Hear Them?
NSE:BANKNIFTYLong
by WaveTalks
12
MCX Gold: Elliott Wave Insights on Ascending ChannelTimeframe: Daily MCX Gold has been trading within an ascending parallel channel for over 65 weeks . The value area highlights zones of supply and demand, with the control line exerting a gravitational pull on the current price. Within this structure, there are four zones of no trading activity and two neutral zones. A triangle pattern is forming around the control price, indicating a potential price movement. If the price closes above the control line, it could potentially reach the following targets: 77660 – 78560 – 79600+ . On the other hand, if the price breaks and closes below the strong support level, we may witness a short decline, possibly reaching the lower band of the parallel channel. We will update further information soon.
MCX:GOLD1!
by forextidings
1
Bank Nifty - Is this A Rising Wedge from 47898 As discussed early morning .... 49000 was our key & psychological level ... Index dropped & came close to 48500-48600 zone Falling From 49000 Level Support Zone 48500-48600 Makar Sankranti marks the Sun's transition into Capricorn and the beginning of an auspicious period. Historically, equity markets turn optimistic post-Makar Sankranti, driven by cultural sentiment and Budget expectations. Will Budget 2025 keep the trend alive? 🌞 This comes after a 26-day fall in major benchmark indices, which started on 5th Dec 2024. In the last two days, the index surged from 47,898 to 49,000. However, during the first half of today's session (15th Jan 2025), it fell below 49,000, hitting a low of 48,522 as shown in the snapshots
NSE:BANKNIFTYLong
by WaveTalks
4
GUARGUM51! - Key Trends and Price PredictionsOn the NCDEX, guar gum has formed an Elliott Wave cycle, with the final Wave E of Wave (4) approaching completion. A confirmation above Wave D could shift the entire outlook in favor of buyers. From a price action perspective, 9830 serves as a strong support level, while 13,650 acts as a supply zone, both of which have remained significant for over four years. Wave D represents a critical midpoint, ensuring a push toward the upper supply zone once the price sustains above this level or Wave D. If the price has completed Wave (4) and has broken above Wave D, it is likely to reach the upper boundary of the value area, around 13,650 . However, with the ADX (Average Directional Index) at 17, this suggests a weak trend, indicating that the current price movement lacks strength. If the price closes below the demand zone at 9,830 , it could delay the expected bullish move. Traders should wait for confirmation before entering a long position to ensure a stronger trend.
NCDEX:GUARGUM51!
by forextidings