Elliott Wave Analysis by EWF

[Elliottwave-Forecast]

Hello everyone! In today’s article, we’ll examine the recent performance of SPDR Metals & Mining ETF ($XME) through the lens of Elliott Wave Theory. We’ll review how the decline from the November 07, 2024, high unfolded as a big 3-swing correction and discuss our forecast for the next move. Let’s dive into the structure and expectations for this ETF.

$XME Daily Elliott Wave Chart 4.06.2025:​

In the Daily Elliott Wave count from April 06, 2025, we see that $XME completed a 5-wave impulsive cycle at blue ((I)). As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 3 swings first, likely finding buyers in the equal legs area between $48.07 and $38.93.

This setup aligns with a typical Elliott Wave correction pattern (ABC), in which the market pauses briefly before resuming its primary trend.

$XME Daily Elliott Wave Chart 4.13.2025:​

The most recent update, from April 13, 2025, shows that the ETF bounced as predicted allowing buyers to get risk-free. After the decline from the November peak, the ETF is now finding support in the equal legs area. Currently, it is building a 5-wave impulse in wave ((1)), which should be followed by a pullback in wave ((2)). After that, the market is expected to continue higher in a renewed bullish cycle.

Conclusion​

In conclusion, our Elliott Wave analysis of SPDR Metals & Mining ETF ($XME) suggests that it could bounce in the short term. As a result, traders should monitor the $56–$58 zone as the next potential target. In the meantime, keep an eye out for any corrective pullbacks that may offer entry opportunities. By applying Elliott Wave Theory, traders can better anticipate the structure of upcoming moves and enhance risk management in volatile markets.

Source: https://elliottwave-forecast.com/st...me-blue-box-area-offers-a-buying-opportunity/

 

[Elliottwave-Forecast]

Boston Scientific Corporation (BSX) develops, manufactures & markets medical devices for use in various interventional medical specialties worldwide. It operates through MedSurg & Cardiovascular segments. It offers devices to diagnose & treat different medical conditions & offer remote patient management systems. It comes under Healthcare sector & trades as “BSX” ticker at NYSE.

BSX favors rally in V started from $85.98 low of 4.07.2025 as double correction ended in daily blue box area. It expects rally to extend towards $112.20 – $120.29 area to finish the impulse started from March-2020 low.

BSX - Elliott Wave Latest Weekly View:​

In weekly sequence, it placed (II) at $24.10 low in March-2020 & II of (III) at $34.98 low in June-2022. Above there, it placed III of (III) at $107.17 high of 2.05.2025 & IV pullback at $85.98 low in daily blue box area on 4.07.2025. Within III, it ended ((1)) at $55.38 high, ((2)) at $48.35 low, ((3)) as extended wave at $91.93 high, ((4)) at $87.25 low & finally ((5)) at $101.17 high. The pullbacks of ((2)) & ((4)) are shallow in III, which indicates the strong bullish sequence.

BSX - Elliott Wave View From 3.17.2025:​

In IV pullback, it placed ((W)) at $93.29 low as 3 swing pullback & ((X)) at $104.35 low. It reacted higher from the blue box area as expected in earlier article from 3.17.2025. Later, the correction extends as double correction & ((Y)) ended at $85.98 low. It placed (A) of ((Y)) at $97.85 low, (B) at $101.28 high & (C) at $85.98 low in blue box area. We like to remain long from daily blue box area with risk free long position as it reacted above 50 % of ((Y)) leg. It favors one more push higher in ((1)) of V. It expects V to extend towards $112.20 or higher levels. Until, it breaks above III high, the correction can extend, if breaks the 4.07.2025 low. If it extend higher & erase momentum divergence in daily, it can turn out nest in daily.

BSX - Elliott Wave Latest Daily View:​

Source: https://elliottwave-forecast.com/stock-market/bsx-poised-rally-targeting-120-3/

 

[Elliottwave-Forecast]

Hello traders and welcome to another 'blue box' blog post. In a blog post like this, we discuss most recent trade setups that the Elliottwave-Forecast members took. The spotlight will be on the GBPCAD again in this post.

In the last update on GBPCAD, we discussed a bullish trade setup from the blue box. The pair had just concluded a 3-swing pullback from the March 2025 high. Prior to that, at the top of the March 2024 high, price had just completed wave ((3)) within the clear bullish sequence from the low of September 2023. Thus, the path for 'buy the dip' came after price surged above the December 2024 wave ((1)) high after over five months of sideways/choppy price action. If you have been reading our previous posts, you'd know we like buying pullbacks with a bullish sequence. Likewise, in a bearish sequence, we like selling bounces. Pullbacks/bounces evolve in a 3, 7 or 11 swing structures.

When the market presented the opportunity to buy off the extreme of a 3-swing pullback for wave ((4)) on the 27th March 2025, we didn't hesitate. Members went long as we showed in the last update. GBPCAD found support in the blue box and bounced to the risk free price. Our first target is what we call the RISK FREE PRICE. At this risk-free price, we like closing half our position in profit while leaving rest to breakeven. We like doing this conservative trade management approach because we understand the nature of the markets when correcting a trend-based sequence.

Corrections often complete a 3, 7 or 11 swing structure. When a 3-swing fails, 7 swing evolves. In a like manner, when a 7-swing fails, an 11-swing will evolves. In this example, the bounce from the blue box was corrective and the pair turned lower to evolve as a 7-swing deeper structure. Therefore, members closed the second half of their positions at breakeven and kept the profit on the first target. When the evolving 7-swing structure breached the 26th March 2025 low, we alerted members with another blue box on the H4 chart.

GBPCAD Trade Setup: 8th April, 2025​

[caption id="attachment_959244" align="aligncenter" width="1024"] GBPCAD, H4[/caption]
On 8th April 2024, we shared the chart above with members showing the blue box at 1.8204-1.7927. At the blue box, members went long and set stop at 1.7927. We expected price to finish a 7-swing structure for wave 4 with anticipation for more rallies in wave 5 of ((3)). Afterwards, wave ((4)) pullback will evolve with another buying opportunity. For this setup, we set the first target at 1.8305. At 1.8305, we anticipated to take partial profit and set the rest of the position to breakeven. The final target was set at 1.8970 where we like to close the rest of the position.

GBPCAD Trade Setup: 15th April, 2025​

[caption id="attachment_959243" align="aligncenter" width="1024"] GBPCAD, H4[/caption]
The chart above shows the current price action (the time of typing this) just a week after. After few candles in the box, the pair surged quickly to exceed the first target. Thus, members are running a risk-free trade right now after keeping some profits. Members will aim to close the rest of the position at 1.8974 where wave ((3)) could finish. The next setup will be the wave ((4)) pullback as the long-term bullish sequence remains incomplete. This is exactly how we like trading with our members.

Source: https://elliottwave-forecast.com/bluebox-wins/gbpcad-trade-setup-bulls-long-blue-box/

 

[Elliottwave-Forecast]

In this technical blog, we will look at the past performance of the Daily Elliott Wave Charts of the XAGUSD. The rally from the August 2022 low showed a higher high sequence & provided a swing buying opportunity at the blue box area. In this case, the pullback managed to reach the blue box area & provided a perfect reaction higher. So, we advised members not to sell Silver but to buy the blue box area for a minimum reaction higher to happen. We will explain the structure & forecast below:

XAGUSD Daily Elliott Wave Chart From 4.05.2025​

Here’s the Daily Elliott wave Chart from the 4.05.2025 Weekend update. In which, the rally to $34.86 high ended the cycle from March 2023 low & made a pullback against that cycle. The internals of that pullback unfolded as Elliott wave zigzag structure where wave (A) ended at $29.68 low. Then a bounce to $34.58 high-ended wave (B) & started the next leg lower in wave (C) towards $28.56- $24.82 equal legs area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum.

XAGUSD Latest Daily Elliott Wave Chart From 4.12.2025​

Above is the Latest Daily Elliott Wave Chart from 4.12.2025 Weekend update. In which the metal is showing a perfect reaction higher taking place from the blue box area. Right after ending the zigzag correction. Allowed members to create a risk-free position shortly after taking a long position. But a break above $34.86 high would still be needed to confirm the next leg higher minimum towards the $36.45- $38.97 area & avoid double correction lower.

Source: https://elliottwave-forecast.com/commodities/silvers-surge-xagusd-reacts-strongly-blue-box-area/