Elliott Wave Analysis by EWF

[Elliottwave-Forecast]

Robinhood (NASDAQ: HOOD) dropped 56% this year but rebounded, recovering its losses and reaching new highs. In today’s article, we explore the Elliott Wave structure, outlining potential paths and targets for its continued bullish momentum.

HOOD Weekly Charts​

[caption id="attachment_962040" align="alignnone" width="300"] HOOD Nest[/caption][caption id="attachment_962039" align="alignnone" width="300"] HOOD 5 Waves[/caption]

Elliott Wave Analysis​

HOOD’s strong rally since April successfully broke above the February 2025 peak, confirming a 5-swing advance from the 2022 low. Moreover, this bullish sequence presents two possible paths that could shape the stock’s future trajectory.

Scenario 1 : Bullish Nest
If the stock is forming a nesting structure, then the current rally is likely wave ((1)), with a potential peak between $66 - $74. After that, a pullback in wave ((2)) against the 04.07.2025 low could set the stage for the next bullish move. Moreover, the stock should resume its rally in wave ((3)) of III, targeting the equal legs area between $88 - $125, ultimately breaking into new all-time highs.

Scenario 2 : 5 Waves
If the stock is nearing the completion of wave V, it could extend higher toward the $75 - $90 range before concluding the entire cycle from the 2022 low in wave (I). After that, a larger 3-wave pullback in wave (II) should unfold, setting the stage for another bullish move. Moreover, once the correction is complete, the stock is expected to turn higher again, aiming for wave (III) to the upside.

Conclusion​

The bullish 5-swing structure formed by HOOD will support the stock through the upcoming correction, creating opportunities to buy daily and weekly pullbacks using our Elliott Wave strategy. The ideal approach is to enter positions once the stock completes a 3, 7, or 11 swing sequence from its peak. Moreover, our extreme Blue Box system enhances precision, allowing traders to identify optimal entry points with clarity and confidence.

Source: https://elliottwave-forecast.com/stock-market/robinhood-hood-bullish-5-swings/

 

[Elliottwave-Forecast]

Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of USDSEK forex pair published in members area of the website. As our members know USDSEK is still trading within the cycle from the 11.3229 peak. The pair has been giving us a decline as we expected. In the following text, we’ll explain the Elliott Wave analysis and present target areas.

USDSEK Elliott Wave 1 Hour Chart 05.30.2025​

USDSEK completed wave 2 red correction at the 9.72015 peak. We got 5 waves decline from that peak, labeled as (i) blue and currently , it's forming a three-wave bounce - (ii) blue. Short term bounce can complete around 50-61.8 fibs zone that comes at 9.63015-9.6519. From the mentioned zone we expect to see further decline toward new lows ideally.

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USDSEK Elliott Wave 1 Hour Chart 06.02.2025​

The pair found sellers as expected and has delivered a decent decline so far. We now look for a break below the May 26th low to confirm a further extension to the downside. The pair is targeting 9.407-9.3101 area next.

Remember, the market is dynamic, and the presented view may have changed in the meantime. For the most recent charts and target levels, please refer to the membership area of the site. The best instruments to trade are those with incomplete bullish or bearish swing sequences. We put them in Sequence Report and best among them are presented in the Live Trading Room

Reminder for members: Our chat rooms in the membership area are available 24 hours a day, providing expert insights on market trends and Elliott Wave analysis. Don’t hesitate to reach out with any questions about the market, Elliott Wave patterns, or technical analysis. We’re here to help.

​

Source: https://elliottwave-forecast.com/forex/usdsek-elliott-wave-bearish-breakout/

 

[Elliottwave-Forecast]

Palantir Technologies (PLTR) thrives as demand for data analytics grows. Its stock surged over 140% after Trump's election, reflecting investor confidence. The company holds a $309 billion market cap and $5.43 billion in cash reserves, ensuring financial stability. Moreover, partnerships with Bain & Company and Divergent Technologies strengthen its market influence. Although analysts warn of volatility, Palantir’s shareholder returns exceed 1000% over three years. Additionally, AI advancements enhance its competitive edge. While its stock trades above estimated fair value, continued expansion supports future growth. Consequently, Palantir remains a dominant force in the industry, prepared to capitalize on emerging opportunities.

PLTR Daily Chart Update: February 20, 2025​

Last February, Elliott wave analysis suggested that PLTR would suffer a sharp drop in its share price. As expected, it lost over 20% in two days. We finished wave (III) at 125.41 but could not reach 127. The correction stopped at the 23.6% retracement of wave (III), indicating wave (IV) might have ended. If so, price action should have turned bullish towards 132.61 - 144.04 zone to complete wave I of (V). Otherwise, it could have dropped to 80.00 before rising again.

PLTR Daily Chart Analysis: June 02, 2025​

Palantir's stock not only plunged to 80.00 but also corrected in three waves, reaching 66.12 low in April. It fell to the 50% Fibonacci retracement of wave (III) retesting last wave IV prices. From there, the rally continued and broke above wave (III), confirming that wave (IV) had ended. Currently, Elliott wave analysis shows an impulse forming, possibly wave (V). Wave I of (V) peaked at 125.26, while wave II bottomed at 105.32. The price should keep rising to shape the impulse fractal. It is now in wave ((3)) of III. More bullish movement is expected toward 139.86 - 162.75 area, where the impulse may end. If no downward reaction occurs, wave III could extend further.

Palantir’s momentum signals a strong bullish cycle ahead, positioning the stock for further gains in the evolving market landscape. Therefore, the best strategy for now is buying dips. Trade Smart!

Source: https://elliottwave-forecast.com/stock-market/palantir-pltr-surges-impulse-cycle/

 

[Elliottwave-Forecast]

Johnson Controls International plc, (JCI) engages in engineering, manufacturing, commissioning & retrofitting building products & systems in United States, Europe, Asia -Pacific & internationally. It operates in four segments like Building Solutions in North America, Building Solutions EMEA/LA, Building Solutions Asia-Pacific & Global products. It comes under Industrials sector & trades as “JCI” ticker at NYSE.

JCI is showing bullish weekly sequence confirming higher high in impulse. It favors upside in nest & we look to buy the pullback in 3, 7 or 11 swings against April-2025 low.

JCI - Elliott Wave Latest Weekly View:​

Since July-2002, it placed (I) at $46.17 high in November-2016 & (II) at $22.77 low in March-2020 low. Above (II) low, it placed I of (III) at $81.77 high in December-2021 & II at $45.52 low in July-2022 low. Currently, it favors upside in ((3)) of III of (III) against April-2025 low. Within I, it ended ((1)) at $31.34 high, ((2)) at $26.23 low, ((3)) as extended wave at $81.15 high, ((4)) at $74.36 low & finally ((5)) at $81.77 high. It ended II in zigzag, where placed ((A)) at $59.82 low, ((B)) at $67.99 high & ((C)) at $45.52 low in blue box area. Above July-2022 low, it placed ((1)) of III at $91.14 high & ((2)) at $68.03 low in April-2025.

Within ((1)) of III, it ended (1) at $69.60 high, (2) at $47.90 low, (3) at $87.16 high, (4) at $75.32 low & (5) at $91.14 high in February-2025 high. In ((2)) double three structure, it ended (W) at $76.60 low, (X) at $85.10 high & (Y) at $68.03 low in blue box area before rally continue in ((3)). Within (1) sequence, it placed 1 at $79.93 high, 2 at $73.55 low & favors upside in 3. Currently, it favors rally in 3, which soon will finish before correcting in wave 4. We like to buy the pullback in 3, 7 or 11 swings at extreme area in (2) against April-2025 low. The next leg in weekly sequence is targeting between $113.7 – $142 area from April-2025 low.

Source: https://elliottwave-forecast.com/stock-market/jci-johnson-controls-targets-113-142-zone/

 

[Elliottwave-Forecast]

Ralph Nelson Elliot developed the Elliott Wave Theory in the 1930s by. Influenced by Dow Theory and his extensive observation of market behavior, Elliott concluded that stock market movements follow repetitive and identifiable wave patterns. According to the theory, price action broke down in to two parts. First is in the motive wave that moves in the direction of the prevailing trend unfolds in five waves. While second is corrective waves which moves against the trend in three waves.

The five-wave sequence in the direction of the trend is labeled 1, 2, 3, 4, and 5. The corrective phase has a label of a, b, and c. These structures appear across all timeframes, from intraday charts to long-term cycles. In Elliott’s model, market prices alternate between impulsive (motive) and corrective phases at every degree of trend. Each motive wave further subdivides into five smaller waves: waves 1, 3, and 5 are motive, while waves 2 and 4 are corrective.

In Figure 1, waves 1, 3, and 5 are each subdivided into five smaller-degree waves labeled (1), (2), (3), (4), and (5). Waves (2) and (4), being corrective, typically subdivide into three waves labeled a, b, and c. Together, the full 1–5 sequence forms a higher-degree motive wave (1).

Corrective waves unfold in three smaller-degree waves labeled a, b, and c. Typically, wave a is a five-wave counter-trend move, wave b is a partial retracement, and wave c is another five-wave move in the direction of wave a. Combined, these form a larger corrective wave (2).

Elliott Wave Sequence: Figure 1​

Although the theory was developed nearly a century ago, it remains remarkably relevant in today’s markets. At ElliottWave-Forecast.com, we publish nearly 100,000 chart updates annually, covering 78 instruments with multiple daily updates. Years of pattern recognition and cycle analysis have shown us that markets often react to predictable areas—despite what appears to be manipulation.

By studying these recurring patterns, we’ve developed a method to identify incomplete sequences and distinguish high-probability zones. For example, in trending markets, we often observe sequences of 5–9–13–17–21–25 swings, while corrective markets tend to follow 3–7–11–15–19–23–27. Using this sequence logic, combined with Fibonacci extensions and a system of validated pivots, we identify what we call predictable areas—zones with the highest probability for a market reaction. These are the Blue Boxes.

But why does the market behave this way? Who drives these precise movements? Consider the enormous volume traded every day—the speed, precision, and consistency of price behavior go far beyond what typical retail traders could produce. The answer is High-Frequency Trading (HFT). HFT is a method that uses powerful algorithms and computer systems to execute massive volumes of trades in fractions of a second. These machines operate at lightning speed across multiple markets, creating the high-frequency environments we now analyze.

Today’s market is fundamentally different from the 1930s. Recognizing that change, we’ve built a system designed for the modern environment. Our members gain access to these Blue Box areas. Although not guaranteed, it offers up to an 85% probability of producing a market reaction. It's an edge that’s more than enough when applied with proper risk management.

Source: https://elliottwave-forecast.com/vi...ve-theory-welcome-to-the-era-of-the-machines/

 

[Elliottwave-Forecast]

The VanEck Vectors Junior Gold Miners ETF (GDXJ) is an exchange-traded fund designed to provide investors with exposure to small- and mid-cap companies in the gold and silver mining industry, often referred to as "junior" miners. Launched on November 10, 2009, and managed by VanEck, GDXJ seeks to replicate the performance of the MVIS Global Junior Gold Miners Index. It tracks tracks firms primarily engaged in the exploration and production of precious metals. These companies often have higher growth potential but also elevated risk compared to larger, established mining companies.

GDXJ Monthly Elliott Wave View​

The monthly Elliott Wave chart for the GDXJ (Junior Gold Miners ETF) reveals a significant turning point. The ETF reaching a major Grand Super Cycle bottom at $16.36 in January 2016. Since then, it has trended upward in a nested impulsive structure. From the January 2016 low, wave (I) peaked at $52.50, followed by a pullback in wave (II) that bottomed at $19.52. The ETF then resumed its upward trajectory in wave (III), forming another impulsive structure. Within this wave, wave I reached $65.95, and the subsequent wave II pullback concluded at $25.80. The ETF has since nested higher again, with wave ((1)) peaking at $55.58 and the pullback in wave ((2)) ending at $41.85. As long as the ETF remains above the $16.36 level, expect it to continue extending higher.

GDXJ Daily Elliott Wave View​

The daily Elliott Wave chart for the GDXJ (Junior Gold Miners ETF) indicates a potential quadruple nest structure emerging from the September 26, 2022 low. This structure is characterized by the sequence ((1))-((2))-(1)-(2)-1-2-((i))-((ii)), as illustrated in the chart. Such a formation suggests the possibility of a highly powerful upward move in the ETF in the coming weeks and months. Maintain a firmly bullish outlook on the ETF as long as the pivot low at $30.46 remains intact.

Source: https://elliottwave-forecast.com/video-blog/gdxj-gold-miners-junior-etf-set-soar-impulsively/

 

[Elliottwave-Forecast]

Hello fellow traders,

In this technical article, we are going to present Elliott Wave charts of Soybeans commodity ZS_F . Recently ,the commodity completed its intraday Zig Zag correction at the Equal Legs zone. In the following sections, we will explain the Elliott Wave count.

Before we take a look at the real market example, let’s explain Elliott Wave Zigzag.

Elliott Wave Zigzag is the most popular corrective pattern in Elliott Wave theory . It’s made of 3 swings which have 5-3-5 inner structure. Inner swings are A,B,C where A =5 waves, B=3 waves and C=5 waves. That means A and C can be either impulsive waves or diagonals. (Leading Diagonal in case of wave A or Ending in case of wave C) . Waves A and C must meet all conditions of being 5 wave structure, such as: having RSI divergency between wave subdivisions, ideal Fibonacci extensions and ideal retracements.

If you are new to Elliott Wave we recommend you to check out our Free Elliott Wave Educational Web Page and download our Free Elliott Wave Book.

ZS_F 1-Hour Elliott Wave Analysis 06.02.2025​

Soybeans commodity ended cycle from the 969'0 low as 5 waves structure. The commodity has given us pull back against the mentioned low that unfolded as Zig Zag pattern. We can clearly count five waves in both legs (a) and (c), which is characteristic of a Zig Zag pattern. The price has reached the Extreme zone at 1036'6-1028'2 ( buyers zone). We don’t recommend selling the commodity and expect further rally to resume from the marked area.

Didi you know? 90% of traders fail because they don’t understand market patterns. Are you in the top 10%? Test yourself with this advanced Elliott Wave Test

Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.

ZS_F 1-Hour Elliott Wave Analysis 06.02.2025​

The commodity has given us nice reaction from the marked extreme zone. Now, as far as the price holds above 1032'4 low, we can have correction completed and see the further strength. We need to see break above May 14th (1082'0) high to confirm next leg up is in progress.

Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent updates in the membership area of the website. Remember that not every chart is trading recommendation. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room. You can check most recent charts in the membership area of the site.



Source: https://elliottwave-forecast.com/commodities/soybeans-zs_f-rally-elliott-wave/

 

[Elliottwave-Forecast]

Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of EURUSD forex pair published in members area of the website. As our members know, we are enjoying profitss in long positions the pair . The pair has recently given us intraday pull back and found buyers again precisely at the equal legs area as we expected. In the following text, we’ll explain the Elliott Wave count and present target areas.

EURUSD Elliott Wave 1 Hour Chart 06.06.2025​

EURUSD is currently developing an intraday three-wave pullback from recent highs. Our members know how to identify potential reversal zones using the Equal Legs technique — in this case, the ideal support area comes in at 1.13912–1.13505. The pair can see more downside in near term. As long as price holds within this region, we expect buyers to step in and the broader rally to resume.

You can learn more about Elliott Wave Patterns at our​

90% of traders fail because they don’t understand market patterns. Are you in the top 10%? Test yourself with this advanced Elliott Wave Test

EURUSD Elliott Wave 1 Hour Chart 06.06.2025​

The pair has reached our target area and found buyers as expected. EURUSD made decent rally from the buyers zone. We do not recommend selling the pair at this stage. 1.13725 is the key low for proposed short term view. While above that low, next leg up can be in progress. We would like to see break above ((i)) peak to confirm next leg up is in progress, targeting 1.1657 area.

Remember, the market is dynamic, and the presented view may have changed in the meantime. For the most recent charts and target levels, please refer to the membership area of the site. The best instruments to trade are those with incomplete bullish or bearish swing sequences. We put them in Sequence Report and best among them are presented in the Live Trading Room

Reminder for members: Our chat rooms in the membership area are available 24 hours a day, providing expert insights on market trends and Elliott Wave analysis. Don’t hesitate to reach out with any questions about the market, Elliott Wave patterns, or technical analysis. We’re here to help.



Source: https://elliottwave-forecast.com/forex/eurusd-elliott-wave-outlook-rally/

 

[Elliottwave-Forecast]

Hello traders. In this technical article we’re going to look at the Elliott Wave charts of GBPUSD forex pair published in members area of the website. The pair recently delivered an intraday pullback and, as anticipated, attracted buyers precisely at the Equal Legs area. In the analysis below, we’ll break down the Elliott Wave count and highlight the key target zones for the next leg higher.

GBPUSD Elliott Wave 1 Hour Chart 06.06.2025​

GBP/USD is currently forming an intraday three-wave pullback from recent highs. Our members understand how to identify potential reversal zones using the Equal Legs technique: a related to b red . So, in this case, the ideal support area lies between 1.3532 and 1.3500. While additional near-term downside remains possible, as long as price stays within this zone, we expect buyers to emerge and continuation of the bullish trend to resume.

90% of traders fail because they don’t understand market patterns. Are you in the top 10%? Test yourself with this advanced Elliott Wave Test

GBPUSD Elliott Wave 1 Hour Chart 06.06.2025​

The pair has found buyers in the marked area, as expected. GBPUSD has since staged a solid rally from this support area. At this point, we do not recommend initiating short positions. The key short-term support level to watch is 1.35069—maintaining price above this level supports the case for the next upward leg. While above the mentioned low, the pair can see extension toward 1.3708 area. To confirm the continuation of the rally, we want to see a decisive break above the previous (i) blue peak.

Reminder for members: Our chat rooms in the membership area are available 24 hours a day, providing expert insights on market trends and Elliott Wave analysis. Don’t hesitate to reach out with any questions about the market, Elliott Wave patterns, or technical analysis. We’re here to help.



Source: https://elliottwave-forecast.com/forex/gbpusd-elliott-wave-forecasting-rally/

 

[Elliottwave-Forecast]

DLF continues its bullish trajectory as it progresses through the last stages of a multi-year Elliott Wave impulse, with higher highs still expected in the coming months.​

DLF Ltd (NSE: DLF) continues to show strong bullish momentum. The stock appears to be unfolding the final leg of a long-term Elliott Wave impulse. Based on the weekly chart, it is currently progressing through the last set of 5-wave advances. This rally began from the March 2016 low near ₹72.06.

Since then, DLF has followed a clear impulsive structure. Multiple degrees of Elliott Waves have formed, pushing the price steadily higher. Wave counts suggest that major waves I, II, and III are complete. Wave IV ended around mid-2022, setting the stage for the ongoing wave V.



The current wave V shows clear signs of internal development. Subwaves ((1)) to ((4)) are already visible, and wave ((5)) is now in progress. Within this wave, we can see smaller subdivisions, suggesting that the market is respecting the Elliott Wave structure.

The analysis remains valid as long as price stays well above the invalidation level of ₹72.06, which sits far below current market levels, providing strong bullish conviction. The “Right Side” tag at the bottom of the chart confirms that we prefer to trade in the direction of the higher probability path – which is up.

The note “We Do Not Recommend Selling” further supports the bullish bias, as the chart advises against counter-trend positions. Until the 5-wave move from the 2016 low completes fully, long opportunities remain favorable on dips, especially when price reaches corrective blue boxes or completes internal corrective structures.

Summary:​

In summary, DLF appears to be unfolding its final impulsive leg within a larger 5-wave Elliott Wave structure. As long as the invalidation level holds, the trend remains bullish with scope for higher highs before a significant correction begins.

Source: https://elliottwave-forecast.com/st...folding-final-impulsive-leg-toward-new-highs/

 

[Elliottwave-Forecast]

Hello everyone! In today’s article, we’ll examine the recent performance of Alphabet Inc. ($GOOGL) through the lens of Elliott Wave Theory. We’ll review how the rally from the May 07, 2025 low unfolded as a 5-wave impulse followed by a 7-swing correction (WXY) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock.

5 Wave Impulse + 7 Swing WXY correction​

$GOOGL 1H Elliott Wave Chart 6.02.2025:​

In the 1-hour Elliott Wave count from June 02, 2025, we saw that $GOOGL completed a 5-wave impulsive cycle at red 3. As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 7 swings, likely finding buyers in the equal legs area between $166.59 and $160.93.This setup aligns with a typical Elliott Wave correction pattern (WXY), in which the market pauses briefly before resuming its primary trend.

$GOOGL 1H Elliott Wave Chart 6.08.2025:​

The most recent update, from June 08, 2025, shows that the stock bounced as predicted. Currently, it is trading higher in wave 5 looking for continuation higher towards 180–184 area before another pullback can happen.

Conclusion​

In conclusion, our Elliott Wave analysis of Alphabet Inc. ($GOOGL) suggests that it remains supported against May 2025 lows. As a result, traders that bought the dip should monitor the $180–$184 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...googl-pullbacks-finding-buyers-extreme-areas/

 

[Elliottwave-Forecast]

Hello traders and welcome to another blue box post where we discuss trade setups. In this post, the spotlight will be on Silver amid the recent big break to the upside that might have taken many by surprise.

Silver surprised many market participants when it breached its 2024 highs. The commodity has been one of the strongest movers since April. While many traders were caught off guard, we weren’t. In fact, we anticipated this move weeks in advance and bought from our proprietary Blue Box zone.

In September 2022, Silver completed the bearish cycle that began in February 2021. This marked the start of a new bullish cycle. After more than 13 months of choppy price action, Silver broke out to the upside in April 2024 and hasn’t looked back since. Once it breached the previous high from February 2021, we confirmed a bullish sequence. From there, we looked to buy 3-, 7-, and 11-swing pullbacks from our proprietary Blue Box zones.

Although we had a clear trading plan, we needed to wait for the market to pull back into our Blue Box area to attract buyers. The first opportunity came in August 2024, when the 7-swing pullback from the May 2024 high ended. Our members bought, and prices rallied over 28% in the following three months, hitting our profit targets.

But that wasn’t the end of the story.

In October 2024, another pullback began on the daily chart. The first leg ended in December 2024, and the second leg concluded in March 2025. However, the third leg was a sharp and aggressive drop—almost a fiery run to the downside. This move shook many traders and investors out of the market. Panic selling ensued.

We, however, remained calm and stuck with our plan. We saw another opportunity to buy the commodity. The fast drop that scared many away gave us a new Blue Box zone, which we shared with ElliottWave-Forecast members, as the chart below shows.

On 5th April, 2025, we shared the daily chart below with members. The chart shows the blue box zone where we recommended members to buy Silver with stop slightly below the box. In addition, we discussed the setup in the live sessions and technical videos.

[caption id="attachment_962455" align="aligncenter" width="1024"] Silver (XAGUSD), Daily Chart[/caption]
We anticipated a 3-swing pullback ending in the Blue Box, where price was expected to find support and resume its rally—continuing the bullish sequence that began in September 2022. What happened next? The commodity found support right in the Blue Box and rallied sharply, as the chart below shows.

Silver Bullish Setup - 06.07.2025​

On June 7th, 2025, we shared the daily chart above with our members. The chart highlights how quickly the recovery unfolded. Silver rebounded strongly and breached its 2024 highs, surprising many in the market. We held onto our long position, took partial profits, and ran the remaining position at risk-free.

[caption id="attachment_962456" align="aligncenter" width="1024"] Silver (XAGUSD), Daily Chart[/caption]
Since reaching the Blue Box, Silver has gained an impressive 29%, and our members have continued to book profits. Looking ahead, we still prefer to buy from the Blue Box across the 1-hour, 4-hour, and daily time frames. It will be interesting to see how the next pullback develops. In any case, based on the current price action, we do not recommend selling this metal. We remain buyers from the Blue Box.

Source: https://elliottwave-forecast.com/bluebox-wins/silver-rallies-off-april-bluebox-zone/

 

[Elliottwave-Forecast]

TJX Companies, Inc., (TJX) operates as an off-price apparel & home fashions retailer in Unites States, Canada, Europe & Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada & TJX International. It comes under Consumer Cyclical sector & trades as “TJX” ticker at NYSE.

As discussed in the last article, TJX made a new high in ((1)) at $135.85. It favors corrective pullback in ((2)) & should remain supported in extreme area to rally again as long stays above price trendline. If it breaks below price trendline, then we expect larger correction in (IV) against May-2022 low.

TJX - Elliott Wave Latest Daily View:​

In Weekly, it started ((III)) bullish sequence from March-2020 low of $32.72. It placed (I) impulse at $77.35 high & (II) at $53.69 low as 0.5 Fibonacci retracement in May-2022 low. Above there, it favors upside in (III) & expect continuation higher as long as it stays above 3.13.2025 low. Chasing at this level should be cautious. Within (III), it placed I at $64.84 high, II at $54.55 low, III at $128 high as extended wave, IV at $112.10 low & favors rally in V. Within III, it placed at ((1)) at $69.77 high, ((2)) at $59.78 low, ((3)) at $121.13 high, ((4)) at $111.22 low & ((5)) at $128 high. It ended IV in zigzag correction.

TJX - Elliott Wave View From 4.28.2025:​

Above IV low of $112.10, it ended ((1)) at $135.85 high & correcting lower in 3, 7 or 11 swings in ((2)). It placed (1) at $128.33 high, (2) at $116.37 low, (3) at $131.30 high, (4) at 122.25 low & (5) at $135.85 high. In ((2)) pullback, it ended (A) at $124.92 low & favors corrective bounce in (B), which expect to fail soon to turn lower in (C). As long as the pullback in (C) remain above price trendline & more importantly above 3.13.2025 low, it should continue rally. Once it breaks above 5.19.2025 high, it expects two more highs at least to finish (III). We like to buy the pullback in (C) at extreme area (can be project one (B) placed) against 3.13.2025 low. But if it breaks below 3.13.2025 low, it can be larger weekly pullback in (IV), which also provides buying opportunity.

TJX - Elliott Wave Latest Weekly View:​

Source: https://elliottwave-forecast.com/stock-market/tjx-companies-bigger-rally-ahead-pullback/

 

[Elliottwave-Forecast]

GPN is approaching a key Fibonacci support zone, signaling the potential end of a multi-year correction and the start of a new bullish cycle.​

Global Payments Inc. (NYSE: GPN) is nearing the end of a long-term correction. According to the weekly Elliott Wave chart, GPN is completing a complex W-X-Y corrective structure in wave ((II)). The price is now approaching a key Fibonacci support zone between $58.75 and $33.95, shown as a blue box on the chart.

The stock completed a major bullish cycle from the early 2000s to 2021, ending with wave (I) at the top. Since then, the price has been correcting in a multi-year decline. The correction has formed a clear W-X-Y pattern, common in Elliott Wave theory.



The current zone offers a high-probability area for a bullish reversal. This region is based on Fibonacci extension levels, where many corrections usually end. The chart shows a “Right Side” tag pointing upward, suggesting the next trend is likely bullish. A warning label also says, “We Do Not Recommend Selling,” signaling that traders should avoid short positions.

If the price reacts from the support zone and stays above the invalidation level at $3.72, it will confirm the end of wave ((II)). This could start wave ((III)), which typically brings strong gains. The risk-reward setup favors bullish trades from this zone.

Conclusion:​

In conclusion, Global Payments Inc. is likely near the end of a deep and prolonged correction. As it enters the key support zone, traders and investors should watch for bullish confirmation signals. The long-term outlook remains positive, and the current decline presents a possible buying opportunity for trend-following traders.

Source: https://elliottwave-forecast.com/stock-market/global-payments-inc-gpn-weekly-elliott-wave-analysis/

 

[Elliottwave-Forecast]

Microsoft (MSFT) has demonstrated remarkable resilience, fully recovering from losses incurred during the tariff war sell-off. The stock has even achieved a new all-time high. This performance underscores the stock’s persistent bullish trend. The low recorded on April 7, 2025 likely serves as a robust support level during future pullbacks. The rally from this low is unfolding as a classic five-wave impulse pattern, indicative of strong upward momentum, with wave (3) nearing completion.

From the April 7 low, wave (1) concluded at 394.65, followed by a pullback in wave (2) that bottomed at 355.67. Wave (3) has since extended higher, exhibiting its own internal impulse structure. Within wave (3), wave 1 peaked at 380.39, with wave 2 dipping to 375.19. The stock then surged in wave 3 to 459.58, followed by a wave 4 retracement ending at 448.91. A detailed 45-minute chart below highlights the final leg wave 5, which further subdivides into a lesser-degree impulse. From wave 4, wave ((i)) reached 463 and wave ((ii)) corrected to 454. Wave ((iii)) climbed to 473.43, and wave ((iv)) dipped to 466.96.

MSFT may experience a slight further upside to complete wave ((v)) of 5 of (3). However, a larger-degree pullback in wave (4) is anticipated soon, setting the stage for one final upward push to conclude the five-wave rally from the April 7 low. This structured advance reinforces Microsoft’s bullish outlook, with key support levels likely to hold firm.

Microsoft (MSFT) 45-Minute Elliott Wave Technical Chart

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Source: https://elliottwave-forecast.com/ne...rges-record-high-sustaining-bullish-momentum/

 

[Elliottwave-Forecast]

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of GBPUSD Forex pair published in members area of the website. As our members know GBPUSD is bullish against the 1.3410 pivot in first degree. Recently the pair made a clear three-wave correction. The pull back completed as Elliott Wave Double Three pattern and made rally as expected.
In this discussion, we’ll break down the Elliott Wave pattern and forecast.

Elliott Wave Double Three Pattern

Double three is the common pattern in the market , also known as 7 swing structure. It’s a reliable pattern which is giving us good trading entries with clearly defined invalidation levels.
The picture below presents what Elliott Wave Double Three pattern looks like. It has (W),(X),(Y) labeling and 3,3,3 inner structure, which means all of these 3 legs are corrective sequences. Each (W) and (Y) are made of 3 swings , they’re having A,B,C structure in lower degree, or alternatively they can have W,X,Y labeling.

GBPUSD Elliott Wave 1 Hour Chart 06.10.2025​

GBPUSD is showing higher high sequences in the cycle from the April 8th low , suggesting further strength ahead. The structure of the latest pullback shows 7 swings – Double Three Pattern. The first leg, shows a clear 3-wave structure a,b,c red, followed by a 3-wave bounce in x . We can also count 3 swings in y red leg. We advise against selling $GBPUSD and instead favor the long side. While the price stays above (ii) blue and more importantly above ((ii)) black low, we expect to see further rally toward new highs.

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Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.

GBPUSD Elliott Wave 1 Hour Chart 06.10.2025​

GBPUSD found buyers as expected. The forex pair has reacted strongly and eventually we got a break toward new highs. Now, intraday pull backs should ideally keep finding buyers as far as 1.341 pivot holds.

Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts with target levels in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room

New to Elliott Wave ? Check out our Free Elliott Wave Educational Web Page and download our Free Elliott Wave Book.



Source: https://elliottwave-forecast.com/elliottwave/gbpusd-elliott-wave-double-three/

 

[Elliottwave-Forecast]

Bullish Continuation Expected as IDEX Sets Up for the Next Impulsive Rally in Wave (3)​

IDEX Corporation (NYSE: IEX) is showing signs of completing its wave (2) correction within a broader bullish Elliott Wave cycle. The long-term chart highlights a strong impulsive trend that began in the early 1990s. Since then, the stock has advanced through multiple Elliott Wave degrees, forming a sustained upward structure.

After peaking around late 2021, IEX entered a corrective phase. This move is labeled as wave (2) and is forming a classic A-B-C zigzag correction. Wave A and B are already complete, while wave C is likely in its final stages. This suggests the pullback could soon end, setting the stage for a bullish reversal.



A clear “Right Side” tag on the chart indicates that the preferred trading direction is higher. This aligns with the larger trend and long-term bullish bias. Additionally, the chart carries a warning — “We Do Not Recommend Selling” — which reinforces the view that the current weakness should be treated as an opportunity rather than a trend reversal.

The invalidation level stands far below at $16.70, offering a solid technical floor. As long as the price remains well above this level, the long-term bullish count remains intact. Once wave (2) completes, IEX is expected to resume its uptrend in wave (3), which typically shows strong acceleration and momentum.

Conclusion:​

In conclusion, IDEX Corporation is likely nearing the end of its wave (2) correction. Long-term investors and trend-followers should watch closely for bullish confirmation and be prepared for the next impulsive rally that could unfold in the coming months. The current pullback may offer a favorable risk-reward setup for positioning into wave (3).

Source: https://elliottwave-forecast.com/stock-market/idex-corporation-iex-elliott-wave-weekly-analysis/

 

[Elliottwave-Forecast]

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of AUDUSD. In which, the rally from 08 April 2025 low is unfolding as corrective sequence but showed a higher high sequence therefore, called for an extension higher to take place. We knew that the structure in AUDUSD should remain supported & extend higher. So, we advised members not to sell the pair & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

AUDUSD 1-Hour Elliott Wave Chart From 6.13.2025​

Here’s the 1-hour Elliott wave Chart from the 6.13.2025 NY update. In which, the rally to $0.6545 high completed wave 1 & made a pullback in wave 2. The internals of that pullback unfolded as Elliott wave zigzag correction where wave ((a)) ended at $0.6474 low. Then a rally to $0.6533 high-ended wave ((b)) bounce. Then started the next leg lower in wave ((c)) towards $0.6461- $0.6417 blue box area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum.

AUDUSD Latest 1-Hour Elliott Wave Chart From 6.16.2025​

This is the latest 1-hour Elliott wave Chart from the 6.16.2025 London update. In which the pair is showing a strong reaction higher taking place, right after ending the correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. However, a break above $0.6545 high is needed to confirm the next extension higher & avoid double correction lower.

Source: https://elliottwave-forecast.com/forex/blue-box-payoff-audusd-reacts-higher/

 

[Elliottwave-Forecast]

Hello everyone! In today’s article, we’ll examine the recent performance of American Airlines Group Inc. ($AAL) through the lens of Elliott Wave Theory. We’ll review how the decline from the May 14, 2025 high unfolded as a 3-swing correction (ABC) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock.

ABC correction (Zig-Zag)​

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$AAL 1H Elliott Wave Chart 6.15.2025:​

In the 1-hour Elliott Wave count from June 15, 2025, we saw that $AAL pullback has unfolded in 3 swings, reaching equal legs area between $10.54 and $9.62. where buyers are expected to enter.

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

$AAL 1H Elliott Wave Chart 6.16.2025:​

The recent update, from June 16, 2025, shows that the stock bounced as predicted. Currently, it is trading higher in wave X looking for 11.40–11.60 area before another pullback can happen.

Conclusion​

In conclusion, our Elliott Wave analysis of American Airlines $AAL suggested that a bounce was due. As a result, traders that bought the extreme area should monitor the $11.40–$11.60 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...s-group-inc-aal-looking-bounce-extreme-areas/

 

[Elliottwave-Forecast]

Vistra Corp., (VST) operates as an integrated retail electricity & power generation company in the United States. It operates through five segments like Retail, Texas, East, West & Asset Closure. It comes under Utilities sector & trades as “VST” ticker at NYSE.

As discussed in the previous article, VST ended corrective pullback in blue box area & turned higher. It ended (II) pullback at $90.51 low, more than 50 % Fibonacci retracement of (I). Above there, it favors rally to new high in bullish sequence, which confirm above $199.84 high. Buyers are profitable & risk free as it rallied more than 60 % from the entry level.

VST - Elliott Wave Latest Daily View:​

In Weekly, it made all time low of $11.30 in March-2020. Above that it ended impulse sequence of (I) at $199.84 high in January-2025. Within (I), it placed I at $107.24 high in May-2024 & II at $66.50 low as 0.382 Fibonacci retracement in August-2024. It ended III at $168.67 high in November-2024 in clear 5 swings & IV at $131.64 low in December-2024. Within III, it placed ((1)) at $87.89 high, ((2)) at $72.90 low, ((3)) at $143.87 high, ((4)) at $111.50 low & ((5)) at 168.67 high. Above IV low, it placed V at $199.84 high as (I) impulse.

VST - Elliott Wave View From 3.10.2025:​

Below $199.84 high, it corrected lower in (II), which ended in daily blue box area at $90.51 low. Buyers from blue box area now having risk free long position as reacted higher. It placed a at $156.93 low in January-2025, b at $176.49 high & c at $90.51 low. The pullback is simple zigzag correction expected in previous article. Above (II) low, it favors rally in ((1)) & expect further upside before correcting in ((2)). It placed (1) at $120.96 high, (2) at $103.34 low & favors upside in (3), which can extend between $182.78 – $189.79 area before correcting in (4). Once it finishes the 5 swings in ((1)), it expects pullback in ((2)) in 3, 7 or 11 swings, which provides next buying opportunity at extreme area against April-2025 low.

Source: https://elliottwave-forecast.com/stock-market/vistra-vst-rallies-over-60-blue-box-next/