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Wave Structure Outlook Bitcoin is currently trading near $119,300, where the wave structure suggests a possible Ending Diagonal formation. This leaves us with two bearish scenarios to monitor: Scenario 1 – Immediate Downside After 1–5 Completion The 1–5 wave sequence may already be completed. If so, the market could trigger an immediate downside move, breaking wedge support. First critical level is $117,600. A clean break below this level would confirm the start of a deeper correction, opening the way toward $115,000 – $113,000. Scenario 2 – Choppy Ending Diagonal (Light Red Arrows) Alternatively, BTC may still extend within an Ending Diagonal. This would mean choppy, back-and-forth price action (small up-and-down moves) before the final breakdown. In this case, price may retest the $119,800 – $120,000 zone, but the structure remains corrective, and the eventual expectation is still bearish reversal. Key Levels to Watch Resistance: $119,800 – $120,000 (upper wedge boundary) Support: $117,600 (first breakdown level) Bearish Targets: $115,000 → $113,000 Conclusion BTC is losing momentum at the end of a 5-wave structure. Whether the market follows Scenario 1 (immediate breakdown) or Scenario 2 (choppy diagonal ending before reversal), the overall outlook is bearish in the short term.

Structure The chart displays a zigzag corrective pattern labeled (A) → (B) → (C). Wave (C) unfolds inside a falling wedge (ending diagonal), a common terminal structure at the end of corrections. The breakout attempt from this wedge suggests that Wave (C) may be complete. Wave (A) A sharp, impulsive decline in five subwaves. Defines the start of the correction. Wave (B) A three-wave upward retracement. Retraces roughly 0.38–0.50 of Wave (A), consistent with zigzag proportions. Wave (C) A five-wave structure contained within a converging wedge. Subwave (v) shows diminishing momentum, typical of an ending diagonal. The upward break through the wedge top signals the potential termination of Wave (C). Key Level 753.66 is the critical resistance. A confirmed move above 753.66 validates that the (A)–(B)–(C) correction has ended and a new impulsive sequence may be starting. Failure to reclaim 753.66 leaves the risk that the bounce is only a temporary rally within a larger correction. Alternate Scenario A new low beneath the Wave (C) termination point would invalidate the completion view, implying the correction is extending.

Ethereum has recently completed the final leg of its ABC corrective structure, with the C-wave forming as a clear ending diagonal. This technical pattern often signals exhaustion in the current upward move and hints at a potential reversal. With the structure now completed, a corrective move is likely. Current price action suggests that Ethereum could retrace toward the $4,000 support region, which aligns with both technical targets and key psychological levels. 📉 Trading Outlook: Short-term traders should be cautious of potential downside volatility. A corrective wave into the $4,000 zone may offer opportunities for repositioning or new entries depending on market reaction. Risk management remains essential, as invalidation of the diagonal would occur if ETH pushes significantly higher without correction. In summary, Ethereum’s Elliott Wave count points toward a possible short-term pullback before the broader trend becomes clearer. Traders should keep a close eye on the $4,000 level for signs of support and potential bullish re-engagement.

The 5th wave of the current impulse structure is close to completion. Price action is showing exhaustion and the drop in volume is confirming that momentum is fading. At this stage, risk for longs is increasing and the probability of a corrective phase (A-B-C) is high. Traders should keep an eye on bearish confirmation signals such as trendline breaks, bearish engulfing bars, or supply zone failures. A short setup could develop soon if price rejects with conviction. Patience is key — Wave 5 can stretch, but once it’s done, downside pressure usually accelerates quickly. Manage risk carefully and adjust sizing according to your strategy.

Bitcoin has completed a strong impulsive leg, with the third wave pushing sharply higher on strong volume. After this extension, the market is now showing early signs of exhaustion. 📈 Wave Count Wave (3) peaked with a strong vertical move. Price is now likely transitioning into wave (4), a corrective phase. If confirmed, a retracement toward lower support zones is expected. 🔻 Key Levels to Watch First correction target: 111,200 – 110,800 zone (supply turned support). Deeper correction target: around 109,800. These levels align with prior consolidation and Fibonacci retracements. 💡 Short Setup Traders can consider short entries if bearish confirmation appears. Watch for signals such as: Rejection wicks at the highs Engulfing bearish candles Momentum breakdown on lower timeframes Stop-loss: above recent peak (~112,200). Profit targets: 111,200 first, then 109,800 if pressure extends. ⚡ Alternative Scenario If buyers regain momentum, BTC could push for a final wave (5) extension before any larger correction. However, probability currently favors a pullback. ✅ Conclusion BTC/USDT is entering a potential corrective stage after completing its third impulsive wave. The 111,200 – 110,800 zone is the first area to test, while 109,800 stands as a deeper downside target. Short setups are valid with confirmation, but strict risk management is essential. 📊

Pudgy Penguins (PENGU/USDT) has completed a clear impulsive five-wave move. After the sharp extension in wave (5), price action is now showing signs of exhaustion. 🔻 Correction Expectation The fifth wave looks complete, leaving room for a downward retracement. Key level to monitor: 0.0279 support zone. This area is the first likely target for the corrective wave. 💡 Short Strategy A short position can be considered once bearish confirmation appears. Look for signals such as an engulfing red candle, loss of momentum, or rejection from the highs. Entry: near current highs after confirmation. Target: 0.0279 support. Stop-loss: just above the recent peak to manage risk. ⚡ Alternative View If momentum unexpectedly continues, there could be a small extension above wave (5). However, probability favors a pullback rather than further upside. ✅ Conclusion PENGU/USDT is in a prime short setup following a completed five-wave impulse. Traders should closely watch for bearish signals to time entries. The 0.0279 support remains the key target for the correction.

At 0.5990, there is a visible sell wall of approximately $1.5 million. Even if this zone is broken, once buying power fades, price is expected to retest the 0.585 support 🔻. Traders should watch this level closely. If an engulfing candle forms as confirmation, it can provide a valid trigger to open a short position 📉. Risk management remains crucial — stops should be placed above the liquidity wall in case of continuation.

Gold Elliott Wave Analysis: Potential Wave 4 Correction Toward $3,650 The price of gold (XAU/USD) has recently shown signs of completing its third Elliott wave around the $3,720 region. According to Elliott Wave analysis for gold, this level may have marked the peak of Wave 3, and the market could now be setting up for a Wave 4 correction. The minimum retracement target for this corrective move appears to be in the $3,650 support zone. However, the ascending trendline remains intact, which means entering a short position prematurely—before a decisive break of the trendline—still carries significant risk. Elliott Wave Perspective In Elliott Wave theory, Wave 4 typically represents a corrective phase following the strong impulsive move of Wave 3. These corrections often retrace into previously consolidated zones, creating a buying opportunity before Wave 5 emerges. In this case, the highlighted box around $3,650 represents the most probable demand zone where buyers could step back in. The critical factors to watch on the chart are: Whether gold can hold above the rising green trendline. A confirmed breakdown would significantly increase bearish momentum. If gold fails to reclaim and sustain the $3,720 level, sellers may gain confidence and push prices lower. The $3,650 area is both a psychological and technical support, making it an ideal candidate for the bottom of Wave 4. Keywords for SEO: gold Elliott Wave analysis, wave 4 correction, gold price forecast, gold support zone, XAUUSD technical outlook, gold bearish scenario, gold trading strategy Fundamental Catalysts Supporting a Bearish Outlook While technical analysis suggests a potential drop, fundamentals also align with the possibility of a correction in gold prices. Several macroeconomic and market factors could act as catalysts for a decline from $3,720 toward $3,650. Stronger U.S. Economic Data Recent data releases from the United States have shown resilience in the economy. Stronger-than-expected GDP growth or consumer spending could push the Federal Reserve to maintain higher interest rates for longer. This hawkish outlook would support the U.S. dollar, making gold less attractive as a non-yielding asset. Rising Real Yields Gold has no yield, so its attractiveness declines when real interest rates rise. If U.S. Treasury yields continue to move higher while inflation expectations remain anchored, real yields will climb. This environment historically creates downward pressure on gold. Strength in the U.S. Dollar The U.S. dollar index (DXY) has been consolidating near higher levels. A renewed surge in the dollar would make gold more expensive for foreign buyers, limiting demand and contributing to downside pressure. Weak Physical Demand from Asia Physical demand from key gold-buying nations like China and India remains a major factor. Recent reports indicate that China’s gold imports via Hong Kong fell by nearly 39% compared to the previous month, signaling weakening appetite. This reduction in demand could remove an important support pillar for gold prices. ETF Outflows and Reduced Speculative Interest Gold ETFs and futures often amplify momentum. If speculative capital continues to exit the market, price declines could accelerate. Diminished Geopolitical Tensions Gold acts as a safe-haven asset during crises. However, if global geopolitical risks or inflation fears ease, investor demand for gold could wane, further validating a correction. Trading Strategy and Risk Management The current technical setup suggests caution. While the Elliott Wave pattern points toward a corrective move, timing the entry is crucial: A break below the green uptrend line would confirm bearish momentum and increase the probability of a decline toward $3,650. Aggressive traders may attempt to short below $3,720 resistance, but conservative traders may prefer waiting for a clean break and retest of the trendline. Risk management remains essential, as failure of the bearish scenario could lead to a renewed rally above $3,800. Conclusion: Gold Outlook for Traders Combining Elliott Wave theory with fundamental drivers, gold appears vulnerable to a Wave 4 correction. A break of the rising trendline could accelerate selling pressure, with a minimum downside target of $3,650. Strong U.S. economic data, rising real yields, weaker physical demand from China, and strength in the U.S. dollar all support this bearish outlook. Still, traders should remain flexible. Gold remains a safe-haven asset, and renewed geopolitical tensions or dovish central bank commentary could quickly reverse the bearish narrative. For now, monitoring the $3,720 resistance and the green uptrend line will be essential to confirm whether the next move is indeed a correction or just a consolidation before another rally.

A study I conducted to show how to make money in scalping by applying simple Elliott Wave analysis and volume control.Attention: There’s no audio, and when examined carefully, none is needed.

The intermediate-degree wave 2 may be completing with an ending diagonal structure near $143. This formation typically signals exhaustion in bullish momentum and often marks the end of a fifth wave. If this diagonal holds and breaks downward, the minimum expected retracement lies around $135. A deeper move toward the $123–125 region is also possible, depending on the development of the correction. Price currently stands at $143.77. A confirmed break below the diagonal’s lower boundary may trigger the wave 2 pullback. 📈 This analysis is based purely on Elliott Wave structure. No indicators or external tools were used.War and peace change the charts.