Elliott Wave Analysis by EWF

Elliottwave-Forecast · Oct 31, 2025

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of CADJPY Forex pair published in members area of the website. As our members know CADJPY is bullish against the 105.166 pivot and we prefer the long side. 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.

CADJPY Elliott Wave 4 Hour Chart 10.15.2025

CADJPY is forming a pullback against the 105.166 low. The correction remains incomplete at this time. The first leg shows a clear 3-wave structure ((w))–((x))–((y)) in black, followed by a 3-wave bounce in the red X leg. We expect to see another leg lower to complete the 3-wave pattern within the red Y leg as well. We advise against selling $CADJPY and instead favor the long side.

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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.

CADJPY Elliott Wave 4 Hour Chart 10.30.2025

CADJPY 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 106.195 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

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Elliottwave-Forecast · Monday at 16:45

NXP Semiconductors N.V. (NASDAQ: NXPI) shows a strong long-term bullish setup according to Elliott Wave analysis. The monthly chart suggests that the stock completed a large corrective structure and has now entered a new bullish phase. The company, a key global player in the semiconductor industry, appears ready to extend its uptrend as long as it stays above key support levels.

The rally from the 2011 low unfolded as a clear five-wave impulse, completing wave (I) in early 2020 peak. After that, the price corrected very sharp and deeply in wave (II) and concluded around $58.32, which serves as the invalidation level for the current strcutre. This means that the long-term bullish outlook remains valid as long as the price holds above this level.

Early Stages of a Powerful Third Wave Advance:

After finishing wave (II), NXP Semiconductors began a new upward phase within wave (III). Inside this wave, the stock has already completed subwaves ((1)) and ((2)), suggesting that wave ((3)) is now in progress. In Elliott Wave theory, wave ((3)) is often the strongest and longest wave of an impulsive cycle. The Fibonacci extension targets for wave ((3)) fall between $613 and $1471, implying a potential 2x to 6x upside from current levels. This range aligns with the 100%–161.8% Fibonacci extension of wave ((1)), giving a clear technical target zone for long-term investors.

From a fundamental perspective, NXP Semiconductors continues to benefit from the rising demand for automotive chips, 5G infrastructure, and Internet of Things (IoT) devices. As more industries adopt semiconductor technology, the company’s diverse portfolio and strong R&D focus provide a significant edge.

These favorable trends support the Elliott Wave structure, reinforcing the potential for accelerated upside momentumduring wave (III).

Conclusion:

In summary, NXP Semiconductors (NASDAQ: NXPI) maintains a clear bullish Elliott Wave structure. As long as the stock trades above $58.32, the trend remains positive. The start of a new impulsive wave suggests potential for long-term gains, making the right side of the market favorable for buyers.

Source: https://elliottwave-forecast.com/st...ok-wave-iii-targets-massive-upside-potential/

Elliottwave-Forecast · Monday at 16:57

Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) operates as the world's leading semiconductor foundry, powering the global AI and computing evolution. As demand for advanced chips surges, the stock has broken into new high territory, confirming a powerful bullish cycle is now in force.

Today, we decode the Elliott Wave pattern driving this strategic breakout. Furthermore, our analysis provides a clear technical roadmap with specific targets for its continued ascent. The convergence of strong sector momentum and a clear wave structure creates a compelling technical opportunity.

Elliott Wave Analysis

TSM began its rally from the 2022 low, unfolding in a clear three-wave structure. First, wave I peaked at $226.40. Then, wave II pulled back sharply to $134.25. Afterward, the stock surged to new all-time highs, entering wave III. Notably, wave III also displays a three-wave advance, now entering the equal legs zone between $301.59 and $341.06.

At this stage, TSM should see further upside to complete the five-wave sequence of wave III by the end of 2025 or in early Q1 of 2026. After that, a corrective wave IV pullback may follow presenting another buying opportunity. Eventually, the bullish cycle could resume, targeting the 1.618 Fibonacci extension near $404.

TSM Weekly Chart 10.20.2025

Conclusion

TSM shows a strong bullish sequence on the weekly chart. Therefore, investors should treat pullbacks as strategic buying opportunities. Use our Elliott Wave strategy to time entries with precision. Enter after the stock completes a 3-, 7-, or 11-swing correction. Moreover, our proprietary Blue Box system highlights high-probability zones with exceptional accuracy. As a result, this disciplined approach offers clarity and confidence to capture the next bullish leg.

Source: https://elliottwave-forecast.com/video-blog/tsm-impulse-wave/

Elliottwave-Forecast · Tuesday at 16:44

Pan American Silver Corp. (PAAS) is one of the world’s largest primary silver producers. It has a diversified portfolio of mining operations across the Americas.
With a headquarter in Vancouver, Canada, Pan American Silver was founded in 1994. It has grown through strategic acquisitions and exploration to operate mines in Mexico, Peru, Bolivia, Argentina, and Canada. Below we will look at the Elliott Wave technical outlook of the company.

PAAS Monthly Elliott Wave Chart

The monthly Elliott Wave chart of Pan American Silver (PAAS) confirms a Super Cycle wave ((II)) low at $5.70. From that generational pivot, the stock has launched into a robust Super Cycle wave ((III)) advance. Wave (I) of ((III)) culminated at $40.11 and wave (II) found firm support at $12.16. Wave (III) is now in force — having convincingly cleared the wave (I) peak and signaling the next explosive leg is underway. Every dip within wave (III) should attract buyers. As long as price remains above the $5.70 Super Cycle invalidation level, favor longs on weakness; the path of least resistance remains sharply higher in months and years to come.

PAAS Daily Elliott Wave Chart

The daily Elliott Wave analysis of Pan American Silver (PAAS) shows a classic five-wave impulse that originated from the February 13, 2024, low. Wave I terminated at $27.47, after which wave II retraced to a decisive support at $20.55. The advance has since transitioned into a wave III, characterized by nested impulses that consistently absorb selling pressure.

Within wave III, wave ((1)) concluded at $28.60, followed by a wave ((2)) correction to $22.08. Wave ((3)) higher ended at $42.57 and pullback in wave ((4)) is likely complete at $33.75. Wave ((5)) higher — and by extension the entirety of wave III—is presently unfolding to the upside. As far as pivot at $20.55 remains intact, pullback should find support after three, seven, or eleven swings.

Source: https://elliottwave-forecast.com/video-blog/pan-american-silver-paas-ready-to-extend/

Elliottwave-Forecast · Tuesday at 16:51

AppLovin Corporation (NASDAQ: APP) operates a leading marketing platform that fuels mobile app growth through advanced AI and machine learning. The company has demonstrated exceptional performance, with its stock breaking decisively into new high territory and confirming a powerful bullish trend.

Today, we analyze the Elliott Wave structure behind this impressive breakout. Our technical blueprint outlines precise pathways and upside targets for the next leg of this rally, highlighting a compelling opportunity driven by strong technical momentum.

Elliott Wave Analysis

Applovin started 2025 with weakness. However, the stock rallied into new all-time highs by Q3’s end. Since April, APP climbed in a three-wave move, signaling wave III remains active. The bullish sequence still looks incomplete.

As long as price holds above wave ((4)) low at $545, APP should extend higher in wave ((5)). The next target zone sits between $793 and $869. After reaching that area, APP may begin a larger wave IV correction which is expected to provide another buying opportunity within the daily cycle against $201 low.

AppLovin (APP) Daily Chart 11.4.2025

Conclusion

APP stock shows a strong bullish sequence on the daily chart. Therefore, traders should treat pullbacks as buying opportunities. Use our Elliott Wave strategy to time entries with precision. Enter after a 3-, 7-, or 11-swing correction completes. Additionally, our proprietary Blue Box system highlights high-probability zones with pinpoint accuracy. As a result, this disciplined method gives traders the clarity and confidence to catch the next bullish leg.

Source: https://elliottwave-forecast.com/stock-market/applovin-app-bullish-surge/

Elliottwave-Forecast · Tuesday at 17:04

Bloom Energy Corporation., (BE) designs, manufactures, sells & install solid-oxide fuel cell systems for on-site power generation in the United States & globally. It offers Bloom Energy Server to convert different fuels like Natural gas, Biogas, Hydrogen or blended fuel into electricity. It comes under Industrials sector & trades at “BE” ticker at NYSE.

BE is trading in bullish weekly sequence since October-2019 low & expect impulse rally since 2.23.2024 low, while dips remain above 10.22.2025 low. It expects short term rally into $148.7 – $160.64 area to finish wave I. We like to buy the clear pullback in 3, 7 or 11 swings pullback at extreme area.

In weekly, it made all time low of $2.44 in October-2019. After that, it started impulse rally, expecting further upside against 10.22.2025 low. It placed (I) at $44.95 high of February-2021 & (II) at $8.41low of February-2024. Above there, it favors rally in I of (III) & expect further upside against 10.22.2025 low. It placed ((1)) of I at $29.82 high on 1.24.2025 & ((2)) at $15.15 low as 0.618 Fibonacci retracement on 4.09.2025 low. Above there, it placed ((3)) at $125.75 high on 10.15.2025 & ((4)) at $88.23 low on 10.22.2025 low as around 0.382 Fibonacci retracement. Within ((3)), it ended (1) at $29.44 high, (2) at $24.04 low, (3) at $86.89 high, (4) at $61.37 low & (5) at $125.75 high.

BE - Elliott Wave Latest Daily View:

Above ((4)) low, it rallies in ((5)) & expect short term upside into $148.7 – $160.64 area to finish I as showing momentum divergence. It already reached the minimum extension area, yet can see extend more before correcting in II. Currently, it favors rally in (1) of ((5)) & expect minor upside before pullback starts in (2). Do not like selling it in any pullback. As long as the pullback in (2) remain above 10.22.2025 low, it should see two more highs to finish ((5)). If it extends higher & broke above $160.64 level, then it can extend up to $205.4 to finish ((5)), while momentum divergence remains intact. We like to buy the next pullback in II in 3, 7 or 11 swings pullback.

Source: https://elliottwave-forecast.com/stock-market/be-expects-rally-between-160-205/

Elliottwave-Forecast · Wednesday at 17:07

Hello everyone! In today’s article, we’ll examine the recent performance of S&P 500 ETF ($SPY) through the lens of Elliott Wave Theory. We’ll review how the rally from the October 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

$SPY 1H Elliott Wave Chart 11.03.2025:

In the 1-hour Elliott Wave count from Nov 03, 2025, we saw that $SPY completed a 5-wave impulsive cycle at blue (iii). As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 7 swings, likely finding buyers in the blue box equal legs area between $676.59 and $670.38.

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

Conclusion

In conclusion, our Elliott Wave analysis of S&P 500 ETF ($SPY) suggests that it remains supported against October 2025 lows. As a result, traders should 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...py-blue-box-area-offers-a-buying-opportunity/

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