WavePoint_FX

WavePoint_FX

📊 Elliott Wave Analysis – Trading Strategy Update | June 10, 2025 Currently, the market is presenting multiple wave scenarios with nearly equal probabilities. To avoid noise and gain clarity, we are shifting our analysis to the H4 timeframe. 🔹 Key Price Zone As highlighted in yesterday’s update, the 3340 level remains a critical resistance. Price failed to...

WavePoint_FX Updated 

Elliott Wave Analysis After Friday’s deep decline, price touched the level of wave 1 (black), invalidating the flat wave 4 scenario. Currently, the structure of wave 5 (black) appears to be a terminal triangle, and the sharp and steep drop afterward is consistent with post-terminal triangle behavior. Post wave 5 completion, two possible bearish scenarios...

WavePoint_FX Updated 

🌀 Current Wave Structure On the H1 timeframe, price action is currently overlapping — a sign that the corrective phase may not be over yet. If the correction had indeed ended at 3334, we would expect a sharper and more impulsive rally typical of wave 3 (green) within wave 3 (black). The lack of that strong momentum suggests the correction could still be...

WavePoint_FX Updated 

🌀 Current Wave Structure On the chart, we’re observing a 5-wave green structure within wave 3 (black). Wave 3 (green) has been completed, and the market is now forming wave 4 (green). 👉 Since wave 3 was an extended move, wave 4 is likely to be a quick, shallow correction. The ‘a’ leg of the correction has formed, and we’re expecting a bounce into wave b...

WavePoint_FX

🌀 Current Wave Structure On the H1 timeframe, wave 2 (black) appears to have completed as a zigzag pattern, with price reacting strongly after touching the 3272 level — signaling that the abc corrective wave (green) may be finished. Zooming into the M10 timeframe, the recent rally shows a 5-wave leading diagonal, indicating that wave 1 (red) is...

WavePoint_FX Updated 

🔍 Wave Structure Update As of now, price has broken above the X wave high and is undergoing a retracement. This is a positive signal, suggesting that Wave 1 (black) of the larger green impulsive wave may have completed. Currently, price is likely in Wave 2 (black) – offering a good opportunity to position for the upcoming Wave iii (green). Within Wave 2, we...

WavePoint_FX Updated 

🔍 Current Wave Structure Price is currently correcting within a WXY structure, also known as a double zigzag. At the moment, the market is progressing through wave Y, with two potential targets: 🎯 Target 1: 3245 – already reached, and price has bounced sharply from this zone. 🎯 Target 2: 3215 – a deeper target, requiring further confirmation from price action...

WavePoint_FX Updated 

🔍 Current Wave Structure After a sharp drop yesterday, price has mildly recovered and is now consolidating around the 3314 zone. The correction has nearly reached the target of wave C (green). However, the current rebound is weak, marked by small, overlapping H1 candles — suggesting the bullish structure is not yet convincing. At this point, we’re tracking two...

WavePoint_FX Updated 

📊 Wave Structure – XAUUSD – H1 Timeframe Price is likely in a corrective phase — wave iv (orange) — after completing five internal green waves within wave iii. During this correction, we’ve seen an abc zigzag form, followed by an unclear upward bounce. This gives rise to two key scenarios: 🔸 Scenario 1: Wave iv is complete The abc pattern is finished, and...

WavePoint_FX Updated 

📊 Price is likely in the middle of a wave iv (orange) correction, following the completion of a 5-wave structure (green) that formed wave iii. During this correction, an ABC zigzag pattern has already formed. The recent upward move remains unclear, which opens up two possible scenarios: 🔸 Scenario 1 – Wave iv is completed The ABC structure looks complete....

WavePoint_FX Updated 

📊 Elliott Wave Outlook – XAUUSD – H1 Chart On the H1 timeframe, after drawing the Elliott Wave channel, we can see that price is currently in wave iii (orange). Within this wave, wave 5 (green) is in progress. Once wave 5 (green) completes, we anticipate a downward correction in the form of wave iv (orange), before price resumes the overall uptrend to...

WavePoint_FX

At the moment, we’re monitoring two possible wave scenarios: 🔸 Scenario 1 – ABC Correction Completed The bullish move from the 3123 zone to the current price may have formed a completed ABC corrective structure (labeled on the top-left of the chart). If this scenario is correct, the correction has ended and the market is now entering a new 5-wave bearish...