Hi there,

Thanks to everyone who joined today's Elliott Wave Live. Stocks came under pressure, so that's where we spent most of the session. NVIDIA was in focus, together with the Nasdaq, gold and Bitcoin, which is testing key support. We also looked at the dollar and why January keeps showing up as a turning point on our charts.

Here's a quick look at what stood out:

• NVIDIA and Nasdaq. We walked through what the sell-off means for the bigger structure on NVIDIA, with the unfilled gaps and the support zone below as the levels to watch, and how that ties into the Nasdaq.
• Bitcoin. Price is testing key support, and we went through what needs to hold for a bounce and where things would turn more bearish.
• Gold. We updated the gold count after the latest swings.
• Dollar / DXY. We're still counting a seven-swing recovery from the January low, with room toward the 105 area while 99.86 holds. Major reversals have clustered around January in 2024, 2025 and 2026, so early 2027 is a window we're watching.

For all the exact charts and levels, the replay is the place to go.

If you'd like to follow these wave counts with us day by day, you can try any monthly plan for €1 for 14 days at https://wavetraders.com/elliott-wave-plans/.

Watch the full replay on YouTube:

Trade well,

GH

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.