Elliott Wave Analysis by EWF

[Elliottwave-Forecast]

Hello fellow traders. In this technical article, we are going to present Elliott Wave trading setup of Bank of America (BAC) . The stock completed its corrective decline precisely at the Equal Legs area, also known as the Blue Box. In the following sections, we’ll break down the Elliott Wave structure in detail and explain the setup and present the target levels.

BAC Elliott Wave 4 Hour Chart 10.12.2025​

The current analysis suggests that BAC stock is forming a wave (4) pull back, which is unfolding as an Elliott Wave Double Three pattern . Blue Box comes at 48.53-46.8. That is our buying zone. We recommend members avoid selling BAC stock, as the main trend remains bullish. We anticipate at least a 3-wave bounce from this Blue Box area. Once the price touches the 50% fib level against the X red connector, we’ll make positions risk-free, set the stop-loss at breakeven, and book partial profits. Stop Loss is placed a few points below 1.618 fib extension : 46.8

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.

Quick reminder on how to trade our charts :

Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable.

BAC Elliott Wave 4 Hour Chart 10.12.2025​

The stock found buyers into the Blue Box area, just as expected. The stock made a decent reaction higher from our buying zone. As a result all long positions are risk free + partial profits have been taken. As long as price holds pivot at the 48.32 low , further upside remains likely, targeting 53.95-55.69 area next.

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/stock-market/bank-america-bac-buying-zone/

 

[Elliottwave-Forecast]

Advanced Micro Devices (AMD) drives substantial growth as it expands into artificial intelligence and data center markets. OpenAI and Oracle validate its roadmap, confirming plans to deploy tens of thousands of MI450 and MI350 accelerators. These chips deliver superior performance and cost efficiency for AI inference, positioning AMD as a strong alternative to NVIDIA. Consequently, analysts forecast AMD’s revenue could reach $46 billion by 2028, with AI-related sales contributing up to $20 billion annually by 2027.

Investor confidence rises sharply. Price targets climb to $300, while bullish scenarios suggest $400 if AMD continues gaining market share. Moreover, AMD reports a 32% year-over-year revenue increase in Q2 2025, fueled by EPYC server CPUs and Ryzen processors. As demand for AI infrastructure intensifies and hyperscalers scale up. AMD’s strategic investments and partnerships strengthen its position as a leading force in next-generation tech innovation.

Elliott Wave Outlook: ​

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On September 25th, AMD completed a double correction labeled as wave ((b)) at the 149.62 low. Immediately after, the market rallied and formed a leading diagonal structure, which marked the end of wave (i). Then, a pullback began. At that point, we identified a potential double correction (wxy) unfolding as wave (ii). Therefore, we applied Fibonacci to define the extreme zone, which ranged from 155.28 to 151.14. Based on this setup, we anticipated a bounce that would resume the bullish trend. As long as the market stayed above 149.62, our outlook remained valid.

Elliott Wave Outlook: ​

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The next day, the double correction unfolded and completed wave y of (ii) within the expected zone. Immediately afterward, the bullish move began. To confirm the continuation of the uptrend, the market needed to break above wave (i). Once that happened, the probability of holding the 149.64 pivot point increased significantly.

Therefore, we looked for the market to develop an impulsive structure that could generate profits for our setup. With momentum building and technical conditions aligning, we positioned ourselves to capitalize on the upward move. If you're eager to dive deeper into Elliott Wave Theory and learn how its principles apply to market forecasting, you might find these resources helpful: Elliott Wave Education and Elliott Wave Theory.

Elliott Wave Outlook: ​

This is the latest update on AMD. We can clearly see the small extreme zone where we entered our buy position. Shortly after, the market made a strong bullish move, prompting us to adjust the count to a significant impulsive wave. That impulse remains active and should continue driving the rally.

This setup highlights the difference between short-term trading and the behavior of day traders. After one month, AMD has climbed nearly $100, while a day trader likely exited around $160. Many chase quick riches and trade as if there’s no tomorrow—but that approach rarely works. What truly works is a solid setup, disciplined risk control, fractal awareness, and at least a one-month outlook. In the end, long-term investors win—especially when they choose companies with strong market positioning and long-term vision.

Source: https://elliottwave-forecast.com/stock-market/setup-payoff-amd-explosive-100-rally/

 

[Elliottwave-Forecast]

Newmont Mining Corporation (NEM) is a leading global gold mining company. It stands as one of the largest producers of gold, with operations spanning North and South America, Africa, Australia, and Asia. This article looks at the Elliott Wave Outlook for the stock.

Newmont Monthly Elliott Wave Chart​

Newmont Mining (NEM) is riding a powerful bullish wave, as shown in its monthly Elliott Wave chart. The chart signals a breakout to a new all-time high. The stock completed wave ((II)) of the Grand Super Cycle at $12.75 in September 2000, setting the stage for a dynamic nested impulse. Wave (I) surged to $62.72, followed by a wave (II) pullback to $15.39. Now, wave (III) is driving higher, with wave I reaching $86.37 and wave II correcting to $29.42. As long as NEM stays above $15.39, the rally is likely to gain further momentum.

Newmont Daily Elliott Wave Chart​

The daily Elliott Wave analysis for Newmont Mining (NEM) reveals a structured progression in its price movement. Having completed its wave II correction at $29.03, the stock has embarked on an upward trajectory in wave III. From the wave II low, the initial advance in wave (1) reached a high of $58.72. A retracement in wave (2) followed to $36.86. Provided the critical support level at $29.03 remains intact, Newmont Mining is well-positioned to sustain its upward momentum, advancing further within the framework of wave III.

Source: https://elliottwave-forecast.com/st...ing-nem-leads-miners-strong-bullish-momentum/

 

[Elliottwave-Forecast]

Hello traders. In this technical article we’re going to look at the Elliott Wave charts of Oil commodity (CL_F) published in members area of the website. OIL has recently given us a 3 waves recovery that found sellers as expected. In this discussion, we’ll break down the Elliott Wave forecast.

OIL Elliott Wave 1 Hour Chart 10.15.2025​

OIL ended a 5-wave decline in the cycle from the 62.93 peak. Currently, the commodity is showing a recovery against that peak: wave ((iv)). We recommend that members avoid buying OIL at this stage and instead favor the short side. As our members know, wave ((iv)) usually ends within the 23.6–38.2% Fibonacci retracement zone, measured from the starting point of wave ((ii)), which in this case is the 62.93 peak. Therefore, we expect OIL to complete its ((iv)) recovery at 58.45–59.21. The price is already within the sellers’ zone, and we anticipate another leg down from this area.

You can learn more about Elliott Wave Patterns at our​

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OIL Elliott Wave 1 Hour Chart 10.18.2025​

The commodity ended wave ((iv)) within the mentioned zone as expected. We got decline toward new lows as expected. The price is currently in wave ((v)) which has already reached the minimum target at 56.82-56.15. We got this target by measuring inverse 1.236-1.618 fib extension zone of wave ((iv)). However, short term structure in wave ((v)) looks incomplete at this moment. So we believe another low still can be seen before bounce takes place in OIL.

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/commodities/oil-cl_f-drops-wave-v-minimum-target-hit/

 

[Elliottwave-Forecast]

Core Scientific Inc. (NASDAQ: CORZ) stands as a dominant force in the North American Bitcoin mining sector, operating one of the largest and most efficient infrastructures. As the digital asset ecosystem rallies, CORZ has emerged as a top performer, confirming a powerful bullish regime for the entire mining segment.

Today, we analyze the precise Elliott Wave pattern behind the explosive price action. Furthermore, our technical blueprint outlines specific targets for its continued ascent, highlighting a compelling opportunity driven by strong sector momentum and a clear wave structure.

Elliott Wave Analysis

CORZ's 2024 peak marked Wave ((1)). Subsequently, a three-wave zigzag correction formed Wave ((2)) at $6.20 in April 2025. The stock then broke decisively to new all-time highs. This current structure shows a three-swing rally from the lows, confirming an incomplete bullish sequence.

CORZ must still complete its five-wave advance from both the all-time and April lows. The bullish cycle currently advances within Wave (3) of ((3)). This powerful phase requires at least three more swings upward. Consequently, the stock should extend its rally toward the $24.40 - $31.90 equal legs target. The strongest impulse wave remains fully in progress.

CORZ Daily Chart 10.20.2025​

Conclusion​

CORZ maintains a firm bullish sequence within its daily cycle. Consequently, investors should systematically use pullbacks to build positions. Apply our Elliott Wave strategy for optimal timing. Specifically, enter after the stock completes a 3, 7, or 11-swing correction. Furthermore, our proprietary Blue Box system pinpoints these high-probability entries with exceptional accuracy. Ultimately, this disciplined approach provides the clarity and confidence needed to capture the next leg higher.

Source: https://elliottwave-forecast.com/stock-market/core-scientific-corz-bullish-phase/

 

[Elliottwave-Forecast]

Elliott Wave structure of Freeport-McMoRan (NYSE: FCX) suggests the completion of a major correction and the beginning of a new bullish cycle, supported by rising global copper demand and strong market momentum.​

Freeport-McMoRan Inc. (NYSE: FCX), one of the world’s leading copper producers, continues to display a strong bullish structure in the long term. According to the Elliott Wave analysis, the stock has likely completed a major correction and started a new upward impulse within wave III.

The Long-Term Elliott Wave Structure:​

The first significant rally began from the 2000 low near $3.38. It unfolded in a clear five-wave impulse, completing wave (I) at the 2008 peak. The 2008–2009 financial crisis then triggered a steep drop, forming wave (II). From there, FCX entered a strong recovery that ended around $61.34 in early 2022, marking the end of a higher-degree wave I in blue.

Following this rally, the decline from 2022 to 2025 unfolded in a corrective pattern ((A))–((B))–((C)), which bottomed near $30. This decline completed wave II in red. The strong rebound that followed suggests the beginning of wave (3) of III, often the most powerful part of an Elliott Wave sequence.



The invalidation level for this bullish structure stands at $3.52, the 2016 low where wave (II) ended. As long as FCX remains above that level, the right side of the market stays bullish. Additionally, rising global demand for copper, driven by electrification and renewable energy, supports the long-term outlook.

From an Elliott Wave perspective, wave (3) could extend to new highs and beyond the $60–$65 zone in the coming years. The stock is positioned well for potential gains if the bullish momentum continues.

Summary:​

In summary, Freeport-McMoRan (FCX) maintains a strong bullish structure above $3.52. Traders and investors may continue to favor the upside as the commodity supercycle and copper demand expansion remain supportive.

Source: https://elliottwave-forecast.com/st...alysis-major-bullish-cycle-resumes-2020-lows/

 

[Elliottwave-Forecast]

Marriott International Inc. (NASDAQ: MAR) shows a strong long-term bullish setup based on Elliott Wave analysis. The monthly chart indicates that the company has finished a major correction and started a new upward cycle. The structure suggests that Marriott may continue rising in the coming years as global travel demand stays strong.

The rally from the 2009 low formed a clear five-wave pattern, completing wave (I) near the 2018 high. A correction followed between 2018 and 2020, unfolding as an a–b–c structure. This drop completed wave (II) close to $46.24, which now serves as the invalidation level. As long as Marriott stays above this price, the bullish trend remains valid.



After finishing wave (II), Marriott entered a new bullish phase. The next five-wave rally completed wave I of a larger degree (III). The following small correction formed wave II, which appears shallow and controlled. Now, the stock seems to be starting wave III, which is usually the strongest part of an Elliott Wave sequence.

As the price moves higher, the right-side tag on the chart shows a bullish bias. Analysts advise trading only in the direction of the main trend. Selling against it is not recommended. Traders can look for pullbacks to find new buying opportunities instead.

Marriott benefits from a global recovery in travel and tourism. Rising demand for hotels and steady earnings growth give additional strength to its bullish Elliott Wave setup. If the current pattern holds, wave III could extend to new highs in the coming years.

Conclusion​

In summary, Marriott International (NASDAQ: MAR) has a clear bullish Elliott Wave structure. The uptrend remains intact above $46.24, and traders may continue to favor long positions while the market supports the “right side” bias.

Source: https://elliottwave-forecast.com/st...t-wave-analysis-strong-bullish-outlook-ahead/

 

[Elliottwave-Forecast]

Hello traders. Welcome to another blog post where we discuss trade setups shared with Elliottwave_Forecast members. In this one, the spotlight will be on Natural Gas.

On the weekly chart, Natural Gas completed the third wave of a long-term bearish cycle in March 2024, forming an impulse wave that started in August 2022. As a result, from the March 2024 low, a new long-term bullish cycle began. This cycle could last for several years and may push prices well above the $10 mark. However, while an impulse sequence is expected from March 2024, traders and investors should anticipate at least a three-wave bounce. The first sub-wave — an impulse structure — started at the March 2024 low and completed at the 2025 peak.

According to Elliott Wave Theory, a three-wave correction usually follows a five-wave advance. That’s exactly what is happening now. The pullback from the March 2025 top appears corrective and should end above the March 2024 low. Therefore, our focus over the past few months has been on this corrective cycle from March 2025.
From our weekly and daily chart updates, we identified a double zigzag corrective pattern unfolding from the March 2025 high. Wave (W) ended in April 2025, and wave (X) ended in June 2025. Thus, we expect wave (Y) to extend toward 2.10–1.619 to complete the entire bearish cycle.

Wave A of (Y) ended with a five-wave structure below the April 2025 low (wave (W) low). Then, a corrective bounce followed. When that bounce began, we explained in the live trading room why we preferred to sell at the extreme for wave B of (Y). Once the bounce matured, we shared the H4 chart update on October 6, 2025.

Natural Gas Trade Setup - 10-06-2025​

On 6th October, 2025, we shared the chart above. Wave B emerged higher as a simple 3-wave zigzag structure. We identify the extreme zone at 3.347-3.705 to members. In the live trading room and daily technical videos, we recommended to members to go short for a short term counter-trend trade (remember, NG is in a corrective phase).

Natural Gas Trade Setup - 10-16-2025​

On October 16, 2025, we shared the chart above with members, showing a bearish reaction from the marked extreme zone. At that point, a five-wave decline was developing and nearing completion. Members in the live trading room had already taken partial profits at the first target and moved the rest of the position to breakeven. This step ensures a risk-free trade in case a strong bounce follows, as corrective markets can sometimes appear complete before extending further.

Source: https://elliottwave-forecast.com/commodities/natural-gas-sellers-booked-profits/

 

[Elliottwave-Forecast]

Hello everyone! In today’s article, we’ll examine the recent performance of SPDR Financial Sector ($XLF) through the lens of Elliott Wave Theory. We’ll review how the rally from the April 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 ETF.

5 Wave Impulse + 7 Swing WXY correction​

$XLF 4H Elliott Wave Chart 10.16.2025:​

In the 4-hour Elliott Wave count from Oct 16, 2025, we saw that $XLF completed a 5-wave impulsive cycle at blue (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 $50.98 and $49.25.

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

$XLF 4H Elliott Wave Chart 10.20.2025:​

The latest 4H update shows that the ETF bounced as predicted allow longs to get risk free. Currently, it is trading higher in wave 1 of (5) and looking for a pullback in wave 2 before higher again. A break above 54.51 will open the next leg higher and negate any lower prices.

Conclusion​

In conclusion, our Elliott Wave analysis of Financial Select Sector ($XLF) suggests that it remains supported against October 2025 lows. As a result, traders should buy the dips and monitor the $55–$56 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...-xlf-blue-box-area-offers-buying-opportunity/

 

[Elliottwave-Forecast]

Hello fellow traders. In this technical article, we are going to present Elliott Wave trading setup of Apple (AAPL) . The stock completed its corrective decline precisely at the Equal Legs area, also known as the Blue Box. In the following sections, we’ll break down the Elliott Wave structure in detail and explain the setup.

AAPL Elliott Wave 1 Hour Chart 10.22.2025​

The current analysis suggests that Apple stock is forming a wave (4) pullback, which is unfolding as an Elliott Wave Zigzag pattern. The price is reaching our buying zone, with the Blue Box coming in at 257.34–253.91. The structure of the pullback is still incomplete, so we expect to see more downside in the near term toward the marked zone.

Since the main trend remains bullish, we expect at least a 3-wave bounce from this area — and ideally, a move toward new highs. We don’t recommend shorting here and prefer the long side from the marked Blue Box. Once price reaches the 50% Fibonacci retracement against the previous connector, we’ll move the stop to breakeven and secure partial profits. A break below the 1.618 extension at 253.91 would invalidate the setup.

Did 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.

Quick reminder on how to trade our charts :

Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable.

AAPL Elliott Wave 1 Hour Chart 10.24.2025​

The stock extended lower into the Blue Box area and found buyers, as expected. As a result, all long positions entered at the Blue Box are now risk-free — we’ve moved our stop loss to breakeven and already secured partial profits. As far as the price stays above 255.49 low, we expect to see continuation of rally toward new highs.

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/stock-market/apple-aapl-elliott-wave-buying-setup/

 

[Elliottwave-Forecast]

Cameco Corporation (CCJ), a leading global producer of uranium, plays a pivotal role in the nuclear energy supply chain, mining and refining uranium. Headquartered in Canada, the company benefits from long-term contracts and a strong position in an industry poised for growth amid rising demand for clean, reliable energy. We will look at the long term Elliott Wave path in this blog.

Cameco ($CCJ) Monthly Elliott Wave Chart​

The monthly Elliott Wave chart for Cameco (CCJ) reveals that the stock completed a major long-term correction, labeled wave (II), at a low of $5.17. From this base, Cameco has initiated a new bullish cycle with substantial upside potential in the coming years. The stock is currently advancing in wave (III). From the wave (II) low, wave I peaked at $62.55. Wave II pullback followed to $35 in April 2025. The stock has since nested higher into wave III. Another leg up is expected to complete wave ((1)) of III. A subsequent pullback in wave ((2)) should follow before the uptrend resumes.

$CCJ Daily Elliott Wave Chart​

The daily Elliott Wave analysis of Cameco (CCJ) indicates that the cycle from the April 2025 low continues to unfold as a five-wave impulse. From that low, wave (1) completed at 80.32, followed by a wave (2) pullback that ended at 68.96. The stock then advanced in wave (3) to 97.79, with wave (4) dips concluding at 80.53. Wave (5) is expected to extend higher, completing wave ((1)) and the overall cycle from the April 2025 low. Subsequently, a wave ((2)) correction should pull back to adjust this cycle before the uptrend resumes. In the near term, as long as the pivot at 35.72 remains intact, any pullbacks should find support at the 3-, 7-, or 11-swing levels, setting the stage for further upside.

Source: https://elliottwave-forecast.com/st...-impulse-structure-unfolding-april-2025-base/

 

[Elliottwave-Forecast]

Palantir Technologies Inc. (PLTR) continues to dominate the AI-driven data analytics space, recently surging over 130% year-to-date to trade near $184.63. Investors have responded enthusiastically to its expanding government contracts, including a $10 billion U.S. Army deal and a £1.5 billion defense partnership with the U.K. These wins have propelled Palantir’s Q2 earnings past expectations, with $1 billion in revenue and 16 cents EPS. As a result, the company raised its full-year guidance. However, its valuation raises concerns: with a forward P/E ratio above 200, Palantir must deliver sustained earnings growth to justify its premium. Analysts remain divided, issuing a consensus “Hold” rating and setting price targets that range widely from $45 to $215—highlighting both upside potential and valuation risk.

Meanwhile, Palantir continues to expand its commercial reach. It recently partnered with Snowflake to enhance enterprise AI capabilities, further embedding its platforms Foundry, Gotham, Apollo, and AIP into public and private sector operations. This strategic move strengthens its scalability and adoption. Nevertheless, some analysts caution that the stock may be overheated, trading at 277 times forward earnings. If growth expectations falter, Palantir could face downward pressure. Competitors like AMD and ASML are closing in on its market cap and may attract investor attention if Palantir’s valuation proves unsustainable. Ultimately, PLTR offers long-term exposure to the booming AI and big data sectors, but investors should remain vigilant as the market recalibrates.

Elliott Wave Outlook: PLTR Daily Chart Analysis June 02, 2025​

In June, Palantir’s stock plunged to $80.00 and then corrected in a clear three-wave pattern. This decline aligned with the 50% Fibonacci retracement of wave (III), effectively retesting the previous wave IV price zone. From that level, the stock rallied decisively, breaking above the wave (III) high and confirming the completion of wave (IV). Elliott Wave analysis at the time indicated the formation of a new impulse structure—likely wave (V). Wave I of (V) peaked at $125.26, followed by a wave II pullback to $105.32. This setup suggested that Palantir had entered wave ((3)) of III, with bullish momentum building.

As the impulse continued to unfold, we projected further upside toward the $139.86–$162.75 range, where wave III might conclude. If the price failed to show a downward reaction at those levels, wave III would room to extend even higher. This technical structure pointed to a strong bullish cycle, reinforcing Palantir’s positioning for continued gains in the evolving AI and data analytics landscape. Given the setup, the recommended strategy was to buy dips and ride the momentum.

Elliott Wave Outlook: PLTR Daily Chart Analysis October 26, 2025​

In this latest update, we can see that the market extends in wave (V), showing continued bullish momentum. Wave III pushes up to $190.00 before sharply pulling back to $142.34, marking wave IV. Although the price rallies from that low, it does not break above the wave III high. Therefore, we anticipate more upside to complete wave V of (V). This structure suggests that wave V is likely to extend, and we expect the price to move higher as the impulse unfolds.

Currently, the market is targeting the $201.49–$219.79 zone, where a bearish reaction could signal the completion of wave V. If no reaction occurs, prices may continue climbing to even higher levels. Should a correction begin, it would likely revisit the $142.34 level at minimum, with a possible retracement toward $100 per share. However, this remains speculative. For now, the best approach is to wait for price action to reach the proposed zone and monitor the reaction closely.

Source: https://elliottwave-forecast.com/stock-market/palantir-pltr-approaching-correction/

 

[Elliottwave-Forecast]

After completing a three-leg correction within the blue box and breaking out of the red channel, Dell Technologies (NYSE: DELL) resumes its next impulsive bullish phase.​

Dell Technologies (NYSE: DELL) shows a strong Elliott Wave structure on the weekly chart, suggesting that a long-term uptrend is in progress. The larger count reveals that the stock completed a major wave III peak and then entered a wave IV correction before turning higher again.

From the wave II low, Dell formed a clean five-wave advance —labeled ((1)), ((2)), ((3)), ((4)), and ((5))—to finish wave III. After this top, the stock began a complex correction marked as wave IV, unfolding as a double three pattern ((W))-((X))-((Y)). This decline stayed within the red descending channel, showing textbook Elliott Wave behavior.

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Wave IV Correction and Blue Box Reaction:​

Inside wave IV, each segment developed three legs, creating symmetry between waves ((W)) and ((Y)). The final move down reached the blue box support zone between $71.42 and $45.61. This 100%–161.8% Fibonacci extension area often acts as a high-probability reversal region in Elliott Wave analysis.

As Dell touched this zone, the price respected the lower edge of the red channel and bounced strongly, confirming the end of wave IV. The reaction from the blue box produced a sharp and impulsive rally, forming a new five-wave sequence within wave V.

Current Outlook:​

At present, Dell is nearing completion of wave ((1)) likley with one last push higher following a short-term pullback within wave ((2)). As long as the stock stays above the invalidation level at $66.34, the bullish outlook remains intact. Analysts at Elliott Wave Forecast maintain a “We Do Not Recommend Selling” stance, expecting further gains once the pullback ends.

In short, Dell’s clear three-leg correction, its respect for the red channel, and the powerful breakout from the blue box all signal that a new bullish cycle has started.

Source: https://elliottwave-forecast.com/st...v-completion-signals-start-new-bullish-cycle/

 

[Elliottwave-Forecast]

Assurant Inc. AIZ has maintained a bullish cycle since November 2008, characterized by higher highs and lows. In such a price action sequence, traders should look to buy dips. This post will analyze the current price position within the trend and potential higher targets for traders.

Assurant Inc. (NYSE: AIZ) is a leading global provider of risk management and insurance solutions, serving the housing and lifestyle markets. Headquartered in Atlanta, it operates across Global Housing and Global Lifestyle segments, offering products such as mobile device protection, vehicle service contracts, and renters insurance. With operations in over 20 countries, Assurant partners with major financial institutions and retailers, leveraging data-driven innovation to deliver consistent growth and strong shareholder value.

The all-time bullish cycle for AIZ began in November 2008, when the stock traded at $12.52. From that low, an impulse wave completed for wave (I) at the peak in February 2020 ($146.21). The subsequent wave (II) pullback swiftly reached $76.26 in March 2020. Wave (III) is projected to extend to $287-$417. Between March 2020 and April 2022, another impulse cycle completed for wave I of (III), followed by a pullback for wave II, which concluded in March 2023. Since the low in March 2023, a clear impulse structure has emerged, breaking into a new high for the cycle. The weekly chart below illustrates the sub-waves from the end of wave (II).

AIZ Elliott Wave Analysis - Weekly Chart updated on 28th October 2025​

The weekly chart above shows a clear impulse structure completed for wave ((1)) of III. Following this, a 7-swing pullback occurred for wave ((2)), attracting buyers, as seen in the blue box of the daily chart below. With wave ((2)) completed, we should look for higher prices for wave ((3)), targeting at least $300-330. However, alternatively, wave ((2)) could extend deeper into a 15-swing structure if the wave ((1)) high is not breached.

AIZ Elliott Wave Analysis - Daily Chart updated on 28th October 2025​

The daily chart above demonstrates how the 7-swing pullback concluded within the blue box, drawing in buyers. The bullish trend remains intact, presenting ample opportunities for buyers to capitalize on pullback extremes. Following the completion of wave ((2)), a 5-wave diagonal concluded for (1). A subsequent pullback for (2) could extend further before potentially breaking to a new high. Traders should either anticipate a new high and then purchase the subsequent dip, or buy if wave ((2)) deepens into a 15-swing structure.

Source: https://elliottwave-forecast.com/stock-market/aiz-bullish-cycle-attract-buyers/

 

[Elliottwave-Forecast]

Alnylam Pharmaceuticals Inc., (ALNY) discovers, develops & commercializes therapeutics based on ribonucleic acid interference. It comes under Healthcare – Biotech sector & trades as “ALNY” ticker at Nasdaq.

As discussed in the last article, ALNY ended (4) pullback at $442.51 low & resume higher in (5). It favors rally in (5) towards $494.95 - $511.13 area as minimum extension to extend April cycle. It already reached the minimum level expected in last article, so chasing rally is risky now. But we like to buy the next correction in ((4)) at extreme area, when reach against April-2025 low.

ALNY - Elliott Wave Latest Weekly View:​

It ended ((I)) at $140 high since inception in June-2025 & ((II)) pullback at $31.38 low in October-2016. Above there, it is showing nest as the part of (III) of ((III)). It placed (I) of ((III)) at $153.99 high in March-2018 & (II) at $60.27 low in December-2018. Within (III), it placed I at $242.97 high in December-2022 as diagonal & II at $141.97 low in April-2024. It ended ((1)) at $212 high, ((2)) at $117.58 low, ((3)) at $236.80 high, ((4)) at $181.65 low & ((5)) at $242.97 high. It corrected II in zigzag correction ended at 0.50 Fibonacci retracement of I.

ALNY - Elliott Wave View From 9.08.2025:​

Above April-2024 low of II, it placed ((1)) of III at $304.39 high & ((2)) at $205.87 low on 4.07.2025 low. Currently, it favors rally in ((3)) of III & reached 1.618 Fib extension of ((1)). Yet, it expects small upside to finish it before correcting next in ((4)). Within ((3)), it placed (1) at $333.70 high, (2) at $309.57 low, (3) at $469.81 high, (4) at $442.51 low & favors rally in (5). It expects rally in (5) towards $494.95 - $511.13 area to finish ((3)) before correcting in ((4)). If it breaks above $511.13, then it can extend up to $570.76 to finish ((3)). Chasing longs can be risky now. But we like to buy the next correction in ((4)) in 3, 7 or 11 swings against 4.07.2025 low.

Source: https://elliottwave-forecast.com/stock-market/alnylam-alny-extending-rally-final-stage/

 

[Elliottwave-Forecast]

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of Google ticker symbol: GOOGL. We presented to members at the elliottwave-forecast. In which, the rally from 10 October 2025 low is unfolding as an impulse structure. Showing a higher high sequence favored more upside extension to take place. Therefore, we advised members not to sell the stock & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

GOOGL 1-Hour Elliott Wave Chart From 10.22.2025​

Here’s the 1-hour Elliott wave chart from the 10.22.2025 Midday update. In which, the cycle from the 10 October 2025 low ended in wave ((1)) at $256.96 high. Down from there, the stock made a pullback in a flat correction & ended flat correction at $244.15 low. Up from there, the stock made a new high in wave (1) at $259.50 high & showed a higher sequence. Below from there, the stock made a pullback in wave (2) towards the blue box area at $250.42- $246.44 area. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

GOOGL Latest 1-Hour Elliott Wave Chart From 10.27.2025​

This is the latest 1-hour Elliott wave Chart from the 10.27.2025 Post-Market update. In which the Google is showing a reaction higher taking place, right after ending the zigzag 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. Since then the stock made a new highs once again confirming the next leg higher towards $273.51- $282.58 target area before profit taking & next pullback takes place.

Source: https://elliottwave-forecast.com/bluebox-wins/googl-new-highs-blue-box-precision/

 

[Elliottwave-Forecast]

Hello fellow traders. In this technical article, we are going to present Elliott Wave charts of GOLD (XAUUSD). In the following sections, we’ll break down the Elliott Wave structure in detail and explain the forecast and present the target levels.

GOLD Elliott Wave 1 Hour Chart 10.28.2025​

GOLD has broken the previous low at 4012.3, marked as A red on the chart. This break has made the swing sequences from the 4382.5 peak incomplete, confirming further downside extension. The commodity is potentially forming an Elliott Wave Zigzag pattern, due to the fact that the first leg shows a 5-wave structure. As long as the price holds below the 4163.8 peak, we can continue to expect lower prices within the C red leg, targeting the 3927–3865 area next

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GOLD Elliott Wave 1 Hour Chart 10.28.2025​

GOLD continued trading lower as expected. The first target area at 3927–3865 has been reached. The main target comes around the 3785 area, where we would like to be buyers again if it gets reached.

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/commodities/gold-xauusd-elliott-wave-incomplete/

 

[Elliottwave-Forecast]

Hello Traders! In today’s update, we’ll revisit the Elliott Wave structure of Bitfarms Ltd. ($BITF) and provide insights into the next phase of its price action. You can check the last article here. As anticipated, the 5-wave impulsive cycle from April 2025 has concluded, and a corrective pullback has begun. This pullback presents a potential buying opportunity in the coming weeks. Let’s break it down.

5 Wave Impulse Structure + ABC correction​

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$BITF Daily Elliott Wave View August 19th 2025:​

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Since our last update, $BITF has rallied and confirmed the completion of wave (5) within wave ((1)). The stock has now entered a corrective phase, consistent with Elliott Wave Theory. Here’s how the structure is unfolding so far:

1. The first leg lower, labeled wave (A), has already formed, marking the initial phase of the pullback.
2. This was followed by a bounce in wave (B), which appears to be taking place.
3. The stock will soon enter wave (C) of the larger wave ((2)) correction, which should target the area at $3.63–$2.93.

Blue Box Area: A Key Buying Opportunity​

The Blue Box area represents a high-probability reversal zone where buyers could re-enter for the next bullish cycle. This correction, which follows the 5-wave impulse, allows the market to reset and create new opportunities for traders.

• Wave Structure: Corrections typically unfold in 3 swings (ABC), with wave (C) often extending into the Blue Box.

As $BITF approaches this zone, traders should closely monitor price action for signs of reversal and a resumption of the larger uptrend.

What’s Next for $BITF?​

Once wave ((2)) completes in the Blue Box area, we expect $BITF to resume its bullish trend with a rally in wave ((3)). This next impulsive move could take the stock to new highs, continuing its uptrend.

Conclusion​

The current correction in Bitfarms Ltd. ($BITF) aligns with our Elliott Wave analysis and offers a strategic buying opportunity. As the stock approaches the $3.63–$2.93 area, traders should prepare to capitalize on the next leg of the uptrend. Stay patient, focus on risk management, and let the Elliott Wave structure guide your decisions.

Source: https://elliottwave-forecast.com/stock-market/bitfarms-ltd-bitf-soars-400-blue-box-area-whats-next/

 

[Elliottwave-Forecast]

Philip Morris International Inc. (PM) is currently trading around a key support zone where buyers could have taken new position. Thus, traders could see this stock skyrocket to $200 and beyond in the coming days.

Philip Morris International Inc. (PM) is a leading global tobacco and nicotine company headquartered in Stamford, Connecticut. It manufactures and markets well-known cigarette brands, including Marlboro, and is actively transitioning toward smoke-free products through its “Beyond Nicotine” strategy. PMI’s flagship smoke-free product, IQOS, uses heat-not-burn technology and has gained significant global adoption. Operating in over 180 markets, the company focuses on reducing the health impact of smoking by investing heavily in science-based alternatives and next-generation nicotine delivery systems.

PM Weekly Chart- 29th October 2025​

From the all-time low of $32 in March 2009, PM's stock price has surged over 475%, peaking at $186 in June. Since then, it has completed a 3-swing structure. While we anticipate at least a 5-swing chart evolution, the 3rd swing appears incomplete. We've identified the first swing, ending at the June 2017 peak, as wave (I). A pullback followed, correcting it in wave (II), which ended at the March 2020 low. From there, wave (III) began. Wave (III) could target $204, 1.618 of (I) from (II), and potentially even higher.

Meanwhile, waves I and II of (III) started and ended at the February 2022 high and September 2022 low, respectively. From September 2022, a strong wave III of (III) emerged, completing at the June 2025 peak, the current all-time high. The pullback from this peak is evolving as wave IV. The long-term chart indicates a strong, bullish sequence. We favor buying at the extremes of 3, 7, or 11-swing pullbacks, which we typically mark with a blue box on our charts.

PM Elliottwave Trade Setup (Daily Chart)- 29th October 2025​

The daily chart above captures the final sub-waves of wave III and the sub-waves of wave IV. The chart shows wave IV completed a 7-swing pullback within the 144.10-124.79 blue box buying zone. From this zone, traders and investors can anticipate at least a 3-swing bounce. This bounce is sufficient to allow traders to move their Long position from the blue box to a risk-free position. Ideally, we expect a 5-wave surge for wave V to reach $200 or higher. Once wave V peaks, wave (III) will finish, initiating a pullback for (IV), creating another buying opportunity. Given this bullish trend, we prefer to avoid selling; instead, we wait for dips and buy from the blue box. You can join thousands of our members to trade the blue box on 78 instruments on not just the daily and weekly charts, but the H4 and H1 charts.

Source: https://elliottwave-forecast.com/stock-market/pm-analysis-buyers-targeting-200/

 

[Elliottwave-Forecast]

In this technical blog, we analyze the historical performance of the CHFJPY 1-hour Elliott Wave charts, as presented to members of ElliottWave-Forecast. The analysis highlights an impulsive rally that began from the October 15 low and concluded at the October 27 high, which surpassed the prior peak from October 8—signaling a potential bullish extension. Based on this development, we recommended that members avoid short positions on the yen cross and instead consider buying the dips in 3, 7, or 11 swing sequences within the designated blue box areas. The following sections will detail the wave structure and provide our updated forecast.

CHFJPY 1 Hour Elliott Wave Analysis [October 30 Asia Update]​

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Impulsive Rally from October 15 to October 27​

The chart highlights a strong impulsive rally that began at the October 15 low and peaked on October 27. This upward move unfolded in a classic five-wave impulse, confirming bullish momentum. Notably, the October 27 high exceeded the previous October 8 peak, suggesting an extension to the upside.

Zigzag Correction in Progress​

Following the rally, CHFJPY entered a corrective phase, forming a Zigzag Elliott Wave structure — a 5-3-5 pattern where waves (a) and (c) both consist of five sub-waves. In this case:
• Wave (a) developed as a standard impulse.
• Wave (c) shows overlapping characteristics, indicating it is likely unfolding as a diagonal.

Price has already reached the 100% Fibonacci extension of wave (a) measured from wave (b). However, the decline from the wave (b) high currently shows only three waves. This implies that a marginal new low may be needed to complete five swings within wave (c), thereby finalizing the three-wave pullback from the October 27 peak.

Blue Box Support Zone and Forecast​

We expect buyers to emerge within the blue box support area between 190.70 and 189.89. As long as price holds above the 161.8% Fibonacci extension level at 189.89, the bullish outlook remains intact. From this zone, we anticipate either:

• A continuation of the rally toward a new high above the October 27 peak, or
• A minimum three-wave reaction higher.

CHFJPY 1 Hour Elliott Wave Analysis [October 30 Midday New York Update]​

Following our previous analysis, the chart confirms that buyers did indeed step in at the blue box support zone between 190.70 and 189.89, triggering a strong rally that swiftly broke above the October 27 peak. The nature of this advance appears impulsive, reinforcing the bullish outlook.

Pullback Structure and Support Expectations​

Given the impulsive character of the rally, we expect any pullbacks to remain corrective — ideally unfolding in 3, 7, or 11 swings — and supported for further upside extension. Traders who entered long positions from the initial blue box zone should now be in a risk-free position.

Next Area of Interest: 191.85 – 191.46​

Looking ahead, the 191.85 – 191.46 zone marks the next potential support area, where we anticipate another blue box to form. This region is likely to attract fresh buying interest and could serve as the launchpad for the next leg higher. However, it’s important to note that a break below the October 30 low at 190.47 would invalidate this bullish scenario and suggest a deeper correction may be underway.

Source: https://elliottwave-forecast.com/forex/chfjpy-perfect-rally-from-blue-box/