Elliott Wave Analysis by EWF

[Elliottwave-Forecast]

In this technical blog, we will look at the past performance of the Daily Elliott Wave Charts of GBPUSD. In which, the rally from 13 January 2025 low is unfolded as impulse sequence & showed a higher high sequence therefore, called for an extension higher to take place. We knew that the structure in GBPUSD 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:

GBPUSD Daily Elliott Wave Chart From 11.01.2025​

Here’s the Daily Elliott wave Chart from the 11.01.2025 Weekend update. In which, the rally to $1.3789 high completed wave (3) & made a pullback in wave (4). The internals of that pullback unfolded as Elliott wave double three correction where wave W ended at $1.3142 low. A rally to $1.3726 high-ended wave X bounce. Then started the next leg lower in wave Y towards $1.3082- $1.2683 blue box area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum.

GBPUSD Latest Daily Elliott Wave Chart From 12.13.2025​

This is the latest Daily Elliott wave Chart from the 12.13.2025 Weekend 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 $1.3789 high is needed to confirm the next extension higher. Towards $1.3972- $1.4270 ( minimum extension target) and avoid deeper correction lower.

Source: https://elliottwave-forecast.com/bluebox-wins/elliott-wave-action-gbpusd-reaction/

 

[Elliottwave-Forecast]

Monthly Elliott Wave analysis shows Wave I nearing completion, key Fibonacci targets ahead, and a corrective pullback before the next major rally.​

United Spirits Limited (NSE: UNITDSPR) continues to trade in a strong long-term bullish Elliott Wave structure on the monthly chart. The broader trend remains positive despite short-term price swings. Since the 2020–2021 period, price action has shifted clearly from correction to impulse. This shift suggests the market has entered a new bullish cycle rather than forming a long-term top.

Impulse Structure and Fibonacci Targets:​

From the Wave IV low, price moved higher in a clear five-wave structure. Waves (1) and (2) set the direction of the trend. Wave (3) followed with strong upside momentum, which is typical in Elliott Wave patterns. Wave (4) is now unfolding as a sideways structure, most likely a contracting triangle. Once this consolidation completes, price is expected to turn higher again in the final Wave (5), targeting key Fibonacci projection levels.

Fibonacci extensions from the earlier impulse define the upside targets. The zone near ₹1,798 represents the 1.236 extension and could acts as a conservative fifth-wave target. A further extension toward ₹1,962 aligns with the 1.618 Fibonacci level. Price may pause or react near these zones as Wave I approaches completion.



Once Wave I finishes, the market should enter a corrective Wave II. Fibonacci retracement analysis points to support near the 0.382 retracement level around ₹1,208. This area also matches prior price structure, which increases the chance of a technical reaction. Such a pullback would remain corrective in nature and would not signal a trend reversal.

The chart clearly states that selling is not recommended. The Right Side Tag remains active and favors the bullish direction. The long-term invalidation level stands much lower near ₹84. As long as price stays above this level, the larger Elliott Wave structure remains valid.

Conclusion:​

In conclusion, United Spirits Limited continues to hold a bullish Elliott Wave setup supported by clear Fibonacci relationships. Short-term corrections may appear, but they form part of a broader upward cycle. The overall structure continues to favor long-term bullish opportunities rather than weakness.

Source: https://elliottwave-forecast.com/st...rits-elliott-wave-analysis-targets-1798-1962/

 

[Elliottwave-Forecast]

Hello everyone! In today’s article, we’ll examine the recent performance of VanEck Gold Miners ETF ($GDX) through the lens of Elliott Wave Theory. We’ll review how the rally from the Nov 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​

$GDX 1H Elliott Wave Chart 12.09.2025:​

In the 1-hour Elliott Wave count from Dec 09, 2025, we saw that $GDX completed a 5-wave impulsive cycle at red 1. 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 $78.77 and $75.68.
This setup aligns with a typical Elliott Wave correction pattern (WXY), in which the market pauses briefly before resuming its primary trend.

$GDX 1H Elliott Wave Chart 12.12.2025:​

The update, few days later, from Dec 12, 2025, shows that the ETF bounced and made new highs as expected. Currently, it is looking for support against 12/09 low and higher in wave 3. Longs should be risk free and looking for $96-100 area as the next possible target.

Conclusion​

In conclusion, our Elliott Wave analysis of VanEck Gold Miners ETF ($GDX) suggests that it remains supported against Dec 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...gdx-extreme-area-offers-a-buying-opportunity/

 

[Elliottwave-Forecast]

As our members know we have had many profitable trading setups recently. In this technical article, we are going to talk about another Elliott Wave trading setup we got in AUDJPY. The pair has completed its correction exactly at the Equal Legs zone, also known as the Blue Box Area. In this article, we’ll break down the Elliott Wave forecast, explain the trading setup in detail, and provide the upside target.

AUDJPY Elliott Wave 1 Hour Chart 12.15.2025​

AUDJPY is forming a 3 waves pullback against the 101.521 low. The price structure looks incomplete at the moment. We believe the correction is still in progress and expect another leg lower toward the 102.824-102.072 area , where we are looking to re-enter as buyers. We recommend that members avoid selling AUDJPY. The pair is expected to make at least a three-wave bounce from the Blue Box area. Once the price reaches the 50% Fibonacci retracement against the black (X) connector, we will make the position risk-free by moving the stop loss to breakeven and booking partial profits.

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.

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AUDJPY Elliott Wave 1 Hour Chart 12.19.2025​

The pair has made extension toward our buying zone- Blue Box area. AUDJPY found buyers as expected, making decent reaction. The rally from from the buying zone has exceeded 50 fibs against the (b) blue connector. Consequently, any long positions from the Blue Box should now be risk-free. We’ve set our stop loss at breakeven and have already secured partial profits. While price holds above 102.312, we consider the wave ((iv)) correction complete and see potential for wave ((v)) to be in progress toward new highs. The pair is targeting 104.86-105.64 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/forex/audjpy-elliott-wave-buying-blue-box/

 

[Elliottwave-Forecast]

Hello fellow traders,

As our members know we have had many profitable trading setups recently. In this technical article, we are going to present another Elliott Wave trading setup we got in CADJPY. The forex pair completed this correction precisely at the Equal Legs zone, referred to as the Blue Box Area. In the following sections, we will delve into the specifics of the Elliott Wave pattern observed , discuss the trading setup.

CADJPY Elliott Wave 1 Hour Chart 12.15.2025​

The current view suggests that CADJPY is forming a 3 waves correction in wave (iv) blue . The price action shows an incomplete structure from the peak. We anticipate an extension toward the extreme zone at 112.497-111.910, marked as a Blue Box. At that zone we are looking to re-enter as buyers.

We recommend members to avoid selling the pair. 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 fibs against the b red connector, we’ll make positions risk-free and set the stop loss at breakeven and book partial profits. On other hand, breaking below the 1.618 Fibonacci extension level at 111.91 would invalidate the trade.

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.

CADJPY Elliott Wave 1 Hour Chart 12.19.2025​

CADJPY has made extension down toward Blue Box (112.497-111.910) and found buyers as expected. The pair made strong rally from the Buying Zone, reaching new highs. Consequently, any long positions from the Blue Box should now be risk-free. We’ve set our stop loss at breakeven and have already secured partial profits. We count correction completed at 112.245 low.

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

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/cadjpy-elliott-wave-blue-box-buy-setup/

 

[Elliottwave-Forecast]

Eli Lilly & Company (LLY) discovers, develops & markets human pharmaceuticals worldwide. It comes under Healthcare sector & trades as “LLY” ticket at NYSE.

As discussed in last article, LLY favors rally in ((3)) of impulse I within August-2025 rally. It favors upside between $1144.39 – $1196.17 area, while above 12.10.2025 low to finish ((3)).

LLY - Elliott Wave Latest Daily View:​

In weekly, it favors bullish impulse sequence as trading to ATH. It placed (II) at $64.18 low in November-2016, (III) at $937.96 high in August-2024 & (IV) at $623.78 low in August-2025 low. Within (III), it placed I at $129.48 high, II at $101.36 low, III at $966.10 high, IV at $775.81 low & V at $937.96 high. The wave III of (III) was extended nested wave showing highest momentum. The (IV) pullback was double correction. It placed w at $711.40 low, x at $935.63 high & y at $623.78 low. Each degree further subdivided in 3 or 7 swings.

LLY - Elliott Wave Latest Weekly View:​

Above $623.78 low, it favors rally in I of (V). It placed ((1)) of I at $776.96 high, ((2)) at $712.05 low & favors rally in ((3)) in proposed 9 swings rally. Within ((3)), it ended (1) at $864.35 high, (2) at $783.85 low, (3) at $1111.99 high, (4) at $977.12 low & favors upside in (5) into $1144.39 - $1196.17 area. It is about to end the first leg of (5) & correct soon in second leg before resume upside. It favors rally in seventh swing from 12.10.2025 low & expect two more highs to end the I rally showing in weekly sequence above $1188 before correcting next. We like to buy the pullback in clear 3, 7 or 11 swings correction in ((4)) or later in II of (V) against 8.08.2025 low.

LLY - Elliott Wave View From 11.24.2025:​

Source: https://elliottwave-forecast.com/stock-market/lly-buyers-looking-for-rally-1144-4-1196-17/

 

[Elliottwave-Forecast]

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of Bank of America ticker symbol: BAC. 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 with a bullish stamp favored more upside extension to take place. Therefore, we advised members not to sell the stock. But buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

BAC 1-Hour Elliott Wave Chart From 12.18.2025​

Here’s the 1-hour Elliott wave chart from the 12.18.2025 Midday update. In which, the cycle from the 21 November 2025 low ended in wave ((i)) at $56.07 high. Down from there, the stock made a pullback in a wave ((ii)) correction. The internals of that pullback unfolded as double three structure. Whereas small wave (w) ended at $54.69 low. Wave (x) bounce ended at $55.57 high and wave (y) managed to reach the blue box area at $54.17- $53.31. From there, buyers were expected to appear looking for the next leg higher ideally or do a 3 wave bounce minimum.

BAC Latest 1-Hour Elliott Wave Chart From 12.23.2025​

This is the latest 1-hour Elliott wave Chart from the 12.23.2025 Post-Market update. In which the BAC is showing a reaction higher taking place, right after ending the double 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 $59.16- $60.43 target area before profit taking & next pullback takes place.

Source: https://elliottwave-forecast.com/bluebox-wins/bac-ignites-higher-textbook-reaction/

 

[Elliottwave-Forecast]

QuantumScape (QS) enters the next quarter at a pivotal moment. The company moves from lab‑scale development to real‑world validation after shipping its B1 sample cells, a key milestone noted in recent reports. This step strengthens its long‑term case for solid‑state battery leadership as it improves energy density, charging speed, and safety. Even so, QuantumScape remains pre‑revenue and continues to refine its manufacturing processes. These processes still face cost and scalability challenges. In addition, its partnership with a top‑10 global automaker adds credibility, yet investors should still expect volatility as QS moves through capital‑intensive phases.
From a market perspective, analysts hold a cautious view for the next 12 months. They maintain a consensus “Sell” rating and set an average price target near $9, which suggests possible downside from current levels. As a result, the stock may react more to execution risk and broader EV sentiment than to fundamentals, since the company lacks near‑term revenue catalysts. While a breakthrough in solid‑state commercialization could spark momentum, the more realistic outlook points to steady and gradual progress. Therefore, traders should view QS as a speculative technology play where timing, risk tolerance, and shifting narratives matter most.

Elliott Wave Outlook: QuantumScape (QS) Weekly Chart July 2025​

In July, QuantumScape (QS) completed a major pullback that marked the end of Wave II at the 3.40 low. Shortly after, the price broke above 9.52 and then 13.86, which strongly signaled that the bearish cycle had likely ended and a new upward phase had begun. As a result, the market appeared to be forming an impulsive structure, identified as Wave (1). However, it was still too early to confirm where Wave (1) will finish, so traders should stay alert and watch for a clean, high‑probability pattern.
Once Wave (1) completes, the chart should transition into a corrective move in 3, 7, or 11 swings to form Wave (2). After that, the next bullish leg can develop. This entire outlook remains valid as long as the price holds above the 3.40 low.

Elliott Wave Outlook: QuantumScape (QS) Weekly Chart December 2025​

At the end of the year, Wave (1) ended at the 19.07 high back in October, and the chart then shifted into a corrective phase as Wave (2) began. We believe Wave (2) could drop into the 6–7 dollar zone before the rally continues above 19.07. However, whether the price makes one more low to complete Wave A of (2) or not, we still expect a rebound as Wave B. This bounce could reach the 15–17 area before the chart resumes its decline into Wave C of (2). Ultimately, only a break above the Wave (1) high would confirm that Wave (2) has already finished and that QS has started a new bullish cycle.
Source: https://elliottwave-forecast.com/stock-market/traders-watching-qs-closely-than-ever/

 

[Elliottwave-Forecast]

Shopify (SHOP) enters the next quarters with solid momentum, and more importantly, its latest results suggest that this strength is not temporary. The company delivered 31% year‑over‑year revenue growth. Also, it saw GMV accelerate across North America, Europe, and Asia, with Europe alone growing 42% on a constant‑currency basis. As a result, management now expects revenue to expand at a mid‑to‑high‑twenties pace next quarter, while gross profit should rise at a low‑twenties rate. Taken together, these indicators point to a business benefiting from both resilient merchant activity and the compounding effects of its long‑term product investments.
Looking ahead, Shopify’s financial posture appears increasingly disciplined. The company plans to keep operating expenses at 38%–39% of revenue, and at the same time, it anticipates maintaining free cash flow margins in the mid‑to‑high teens. Consequently, investors can expect the stock to trade with a constructive bias as the company balances growth with expanding profitability. If these trends continue, Shopify could enter the next quarters with a clearer path toward sustained margin expansion, stronger liquidity, and a valuation supported by consistent execution rather than speculative enthusiasm.

Elliott Wave Outlook: SHOP Daily Chart August 2025​

Last update, SHOP had extended its rally. It formed a clean impulsive structure. The earnings gap hit resistance near 154.61, and we labeled that level as wave (3) of ((3)). From there, we expected more upside. Waves 4s and 5s were set to unfold, pushing price into wave ((5)) of V. As a result, that advance was likely to complete wave V of (I). After that, we anticipated a new correction. Wave V of (I) was projected to finish above 166.30. Therefore, we avoided selling. We focused only on buying opportunities. (If you want to learn more about Elliott Wave Principle, please follow these links: Elliott Wave Education and Elliott Wave Theory.)

Elliott Wave Outlook: SHOP Daily Chart December 2025​

Today’s update shows that after completing wave (4), price resumed its advance in wave (5) of ((3)), reaching a high of 182.19 in October. Then, it faced a sharp correction, dropping 25% to the 136.18 low. This decline may have misled many traders into thinking a higher‑degree pullback had begun. However, that is not the case, because the bullish trend can still extend.
At this stage, we expect the market to build an impulse as wave ((5)) of V to complete the cycle that started in November. This move could reach the 192.40–210.07 zone, where we anticipate strong selling pressure, at least enough to trigger a corrective reaction. Even so, market conditions remain bullish, and we cannot rule out further upside. Therefore, the strategy stays the same: buy the dips until price reaches the next zone and then evaluate the reaction there.
Source: https://elliottwave-forecast.com/uncategorized/25-drop-shook-traders-shop-points-higher/

 

[Elliottwave-Forecast]

Our earlier review highlighted Robinhood's (NASDAQ: HOOD) bullish five-swing structure. Currently, we are analyzing the weekly Elliott Wave pattern. This study clarifies the ongoing correction and prepares us for the next strategic phase ahead of a new bullish cycle.

Elliott Wave Analysis

HOOD completed a five-wave advance from its 2022 low of $6.81. This rally peaked at $153.86, marking wave (I). Consequently, the stock now requires a corrective phase. This pullback will form as a 3, 7, or 11-swing pattern before the uptrend resumes.

Currently, HOOD finished the first three swings from the peak. This move ended at $102.10 as wave 'w'. Now, wave 'x' is in progress. Subsequently, wave 'y' will drive prices lower. This decline could reach the $80 - $63 Fibonacci retracement zone (50% - 61.8%).

Once wave (II) finishes, Robinhood will launch wave (III). This new cycle should become the strongest rally within the nesting structure from its all-time low.

HOOD Weekly Chart 12.28.2025​

Conclusion​

HOOD's weekly bullish cycle remains firmly intact. Therefore, investors should target buying opportunities within weekly pullbacks. Utilize our Elliott Wave strategy for precise entry timing. Specifically, establish positions after a 3, 7, or 11-swing correction completes. Additionally, our proprietary Blue Box system pinpoints high-probability entry zones. Consequently, this disciplined method provides clarity and confidence. Ultimately, it positions traders to capture the next major bullish leg.

Source: https://elliottwave-forecast.com/stock-market/robinhood-hood-can-dip-100-new-highs/

 

[Elliottwave-Forecast]

Philip Morris International Inc. (PM) may have ended the over 4 months bearish cycle from June 2025. The current rebound happened at the blue box where the October 29 blog post alerted traders to go long. After reaching the first target, why do I think it could reach $215 in the coming days or weeks.

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 Long-Term Overview​

In the 29th October update, we explained the long term view with the weekly Elliott wave chart. 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 evolved as wave IV. With the rebound since October 2025, it appears wave IV has finished and price now in wave IV. Thus, the long-term chart still 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 Update​

On 29th October, we shared the chart above. The chart shows the blue box zone where we expected wave IV to finish. price reached the blue box and made a swift bounce. From the blue box, we expected at least a 3-swing bounce. However, typically, a 5-wave rally is more probable, to emerge for wave V with target zone at $197-215. Thus, if we were to buy at the blue box, traders could aim for this target zone to book profit. However, we like taking partial profit at 50% of the last leg i.e. wave ((Y)) of IV while adjust rest of the trade to breakeven. This, way we could run a risk-free trade while booking some profit.

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

Price did a retest of the blue box and then burst upside as the latest Daily chart above shows. Price appears to have reached the first target at $163.5 and very likely to extends further. Current wave count shows wave (3) of ((1)) of V emerging or price is in wave (1) of ((3)). Either way, this current bullish leg has the potential to reach $180-$200. Overall, the bullish cycle from October low should reach $215 where traders could book final profit on this trade.

Source: https://elliottwave-forecast.com/stock-market/pm-price-analysis-risk-free-target/

 

[Elliottwave-Forecast]

AIZ broke a new record high to continue the all-time bullish cycle. This recent break makes one of the most profitable in its sector. Traders should continue to buy the dip just as we did from the blue box in the last update.

About AIZ​

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.

AIZ Long Term Elliott Wave Analysis - Weekly Chart​

The all-time bullish cycle for AIZ began in November 2008 at $12.52. From that low, wave (I) advanced in a clear impulse and peaked in February 2020 at $146.21. It was followed by a sharp correction. Wave (II) ended in March 2020 at $76.26. From there, wave (III) is expected to extend higher, with an overall target between $287 and $417. Between March 2020 and April 2022, price completed another impulse. This move formed wave I of (III). After that, a 7-swing pullback formed wave ((2)). Buyers appeared in the blue box on the daily chart as shown in the 7th December update. With wave ((2)) complete, price resumed higher and broke above the wave (1) high first and then later wave ((1)) high. Consequently, wave ((3)) is now underway. This wave can target the $330–$380 area over the coming weeks or months.

AIZ Trade Setup –7th December 2025​

On 7th December, we shared the chart above. The chart shows the status of the pullback that followed shortly after price breached the top of wave (1) of ((3)). The pullback was for wave 2 of (3) and had just completed a 3-swing structure at the blue box. Thus, we recommended to readers to go long from the blue box.

AIZ Trade Setup –14th December 2025​

The chart above shows a swift reaction from the blue box as anticipated. With this move, traders closed half of the position in profit and then set rest to breakeven. In an ideal price action, Waves 3 extend to 1.618 x wave 1. In this case, we can anticipate wave 3 extending to $262. After this update, the stock broke upside in the next hours to establish wave 3 even stronger. The chart below shows the last chart and what we can expect next.

AIZ Trade Setup –29th December 2025​

The rally from the blue box appears strong with no significant pullback. Thus, the anticipation for an extended wave 3 which could surpass the $260 target. Therefore, I labelled it as wave ((i)) of 3 which still needs one more leg at least, before completion. Whenever it finishes, a pullback will emerge for wave ((ii)) which will be attractive to buyers from the blue box. In a bullish sequence, buyers should take long positions from the dip. We provide trend analysis and sequence report for 78 instruments on all major time frames for our members. In addition, we provide the zone to buy or sell from.

Source: https://elliottwave-forecast.com/stock-market/aiz-analysis-10-rally-blue-box/

 

[Elliottwave-Forecast]

Royal Bank of Canada., (RY) operates as diversified financial service company worldwide. It operates through personal finance, commercial banking, wealth management & Insurance segments. It comes under Financial services sector & trades as “RY” ticker at NYSE.

RY extends rally from April-2025 low as nesting as it managed to erase the momentum divergence. It favors rally targeting $187.25 or higher as ((3)) of III. Short term pullback in 3, 7 or 11 swings provides buying opportunities at extreme area.

RY - Elliott Wave Latest Weekly View:​

Since March-2020 low as (II), it started rally in (III) in weekly. It placed I of (III) at $119.41 high in January-2022 & II at $77.90 in October-2023 low. Above there, it ended ((1)) of III at $128.05 high, ((2)) at $106.10 low & favors rally in ((3)) as nest from April-2025 low. Within ((1)), it ended (1) at $102.07 high, (2) at $93.97 low, (3) at $126.96 high, (4) at $120.26 low & (5) at $128.05 high. Within ((2)), it ended (A) at $117.63 low, (B) at $124.35 high & (C) at $106.10 low.

RY - Elliott Wave View From 11.10.2025:​

Above ((2)) low, it placed (1) of ((3)) at $134.26 high, (2) at $127.38 low & favors rally in (3) as broke the price channel. Within (3), it ended 1 at $149.26 high, 2 at $143.13 low & favors rally in 3 into $165.02 – $178.54 area before correcting in 4. We like to buy the pullback in 3, 7 or 11 swings at extreme area to continue rally within ((3)). As long as the momentum remains higher, it should see more upside as the part of (3) of ((3)). The ((3)) should extend towards $187.25 in 9 swings rally from April-2025 low before correcting in ((4)).

Source: https://elliottwave-forecast.com/stock-market/ry-favors-rally-18725-higher/

 

[Elliottwave-Forecast]

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of SPY. We presented to members at the elliottwave-forecast. In which, the rally from the 21 November 2025 low is unfolded as an impulse structure. Also showed a higher high sequence suggested that ETF should see more upside extension to complete the impulse sequence. Therefore, we advised members not to sell the ETF & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

SPY 1-Hour Elliott Wave Chart From 12.17.2025​

Here’s the 1-hour Elliott wave chart from the 12.17.2025 Post-Market update. In which, the short-term cycle from the 11.21.2025 low ended in wave ((i)) as impulse at $691.24 high. Down from there, the ETF made a pullback in wave ((ii)) to correct that cycle. The internals of that pullback unfolded as Elliott wave zigzag structure where wave (a) ended at $679.17 low. Wave (b) bounce ended at $685.87 high. Then wave (c) managed to reach the blue box area at $673.73- $649.45. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

SPY Latest 1-Hour Elliott Wave Chart From 12.30.2025​

This is the 1-hour Elliott wave Chart from the 12.30.2025 Post-Market update. In which the ETF is showing a 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. Since then, SPY has already made a new high targeting $712.96- $722.81 area higher minimum before profit taking & next pullback takes place in 3, 7 or 11 swings.

Source: https://elliottwave-forecast.com/bluebox-wins/spy-confirms-elliott-wave-mastery-blue-box-rally/

 

[Elliottwave-Forecast]

The Uranium Miners ETF (URA) offers targeted exposure to global uranium mining and exploration companies. It provides investors with opportunity to capture the sector’s long‑term growth potential as nuclear energy demand accelerates. By tracking a concentrated basket of producers, developers, and related equities, URA provides a focused way to participate in the structural tightening of the uranium market. In this article, we will explore the long term technical outlook for the ETF.

URA Elliott Wave Chart Monthly Chart​

The monthly Elliott Wave chart of the Uranium Miners ETF (URA) indicates that wave ((II)) of the Grand Super Cycle completed at $6.95. From this low, the ETF began a new wave ((III)) advance, unfolding as an impulsive structure with a nested sequence. From wave ((II)), wave I topped at $31.60, followed by a corrective wave II that bottomed at $17.65. URA then formed a nest with wave ((1)) peaking at $33.66 and wave ((2)) pulling back to $19.50. As long as URA holds above $19.50, and especially above the key pivot at $6.95, pullbacks are expected to find support.

URA Daily Elliott Wave Chart​

The daily chart of the Uranium ETF shows that the rally from the wave ((2)) low on April 7, 2025 is unfolding as an impulsive advance with a nested structure. From that low, wave (1) completed at $42.22, followed by a wave (2) pullback that bottomed at $35.64. The ETF then accelerated higher in wave (3), with wave 1 of (3) peaking at $60.51. The subsequent wave 2 of (3) pullback is proposed to have completed at $39.95. As long as the key pivot at $19.50 holds, pullbacks should find support, and the ETF should continue extending higher.

Source: https://elliottwave-forecast.com/video-blog/uranium-miners-ura-eye-another-strong-year-2026/

 

[Elliottwave-Forecast]

SoFi Technologies, Inc., ( SOFI ) provides various financial services in the US, Latin America, Canada & Hong Kong. It operates through three segments; Lending, Technology Platform & Financial services. It comes under Financial Services sector & trades as “SOFI” ticker at Nasdaq.

SOFI favors rally in bullish sequence from December-2022 low in weekly. It should continue rally between $34.95 - $38.49 area, while dips remain above 11.21.2025 low. A break above 11.12.2025 will open extension in daily rally.

It ended I of (I) at $11.70 high in July-2023 & (II) at $6.01 low in August-2024 low. Above there, it favors rally in ((5)) of III against 11.21.2025 low for targeting above $34.95 or higher. It placed ((1)) of III at $18.42 high, ((2)) at $8.60 low, ((3)) at $32.56 high, ((4)) at $23.52 low & favors rally in ((5)) of III. Within ((3)), it ended (1) at $14.78 high, (2) at $12.74 low, (3) at $30.30 high, (4) as triangle at $26.38 low & (5) at $32.56 high. It ended ((4)) in flat correction, in which (A) ended at $25.66 low, (B) at $32.73 high & (C) at $23.52 low.

SOFI - Elliott Wave Latest Daily View:​

Currently, it favors rally in (3) of ((5)) against 12.17.2025 low. It placed (1) of ((5)) at $30.42 high & (2) at $25.17 low. Within (3), it placed 1 at $27.62 high, 2 at $25.79 low & favors rally in 3 of (3). It expects (3) to extend towards $32.08 – $36.33 area against (2) low before (4) pullback start. Further break above ((3)) high will open extension between $34.95 - $38.49 area to end III in weekly. We like to buy the pullback in 3, 7 or 11 swings once break above 11.12.2025 high or later in IV pullback.

Source: https://elliottwave-forecast.com/stock-market/sofi-favors-rally-34-95-38-49/

 

[Elliottwave-Forecast]

EOG consolidates inside a Wave (4) range in the very start of a powerful Wave III advance, with a bullish breakout pointing to higher Fibonacci targets.​

EOG Resources, Inc. (NYSE: EOG) continues to trade within a strong long-term bullish Elliott Wave structure on the monthly chart. The broader trend remains firmly positive. Price action from the pandemic low confirms that the market has entered a powerful bullish phase rather than forming a long-term top.

The stock has already completed one full major market cycle. Red Wave I and red Wave II are now in place. After Wave II ended at the corona bottom, EOG started the most advanced and dynamic phase of the Elliott Wave sequence, which is Wave III. This phase usually delivers the strongest price expansion, and the structure from the 2020 low supports this view.

Range-Bound Structure at Current Levels & Fibonacci Targets Explained​

The advance from the 2020 bottom is unfolding as a clear impulsive move. Inside this red Wave III, the internal wave structure shows an incomplete sequence marked in blue as waves (1), (2), (3), and (4). Waves (1) and (2) established the trend, while Wave (3) produced strong upside momentum. This behaviour matches the typical characteristics of a third wave. Wave (4) now appears to be either complete or still developing.

Price is consolidating in a range-bound manner inside the red rectangular box on the chart. This sideways movement reflects temporary balance between buyers and sellers. Such behaviour is common during fourth waves, which often form ranges or triangles instead of deep pullbacks.

Once price breaks higher, the final leg of this impulse, blue Wave (5), should begin. Fibonacci extension analysis helps define the upside targets. The first upside objective sits near 168.49. This level represents a common extension where price may pause or react. If momentum remains strong, the move can extend further. The next major Fibonacci target appears near the 1.618 extension at 230.05. Reaching this area would complete a full five-wave advance in black Wave ((1)). After this move, a corrective pullback is expected before the market resumes its broader bullish trend and continues higher again.

Conclusion:​

In conclusion, EOG Resources remains firmly positioned within a powerful Wave III advance. The current range-bound movement reflects consolidation, not weakness. A confirmed breakout above the red box should open the door to higher Fibonacci targets, keeping the long-term bullish outlook intact.

Source: https://elliottwave-forecast.com/st...-outlook-range-breakout-target-168-49-230-05/

 

[Elliottwave-Forecast]

Walmart (NYSE: WMT) continues to lead the market following its rebound last year. Today, we examine the Elliott Wave structure behind its current breakout. This analysis charts the precise pathway and key upside targets for its next advance. Our technical blueprint reveals a compelling setup, driven entirely by strong momentum.

Elliott Wave Analysis

WMT's recent rally originated from the $86 - $77 Blue Box area. Specifically, buyers emerged during the April 2025 market dip. Subsequently, the stock concluded its wave IV pullback. Then, it traded into new all-time highs within the current wave V.

Currently, it shows three swings into new highs. Therefore, the sequence remains incomplete. Consequently, it needs at least one more swing to finish its five-wave advance from the April low.

Importantly, WMT already trades within the $111 - $120 initial target zone. Hence, investors should avoid chasing the rally here. After wave ((III)) completes, a larger wave ((IV)) pullback will begin. This correction will then create the next strategic buying opportunity before the uptrend resumes.

WMT Weekly Chart 1.06.2026​

Conclusion​

WMT’s weekly bullish cycle remains firmly intact. Therefore, investors should target buying opportunities within weekly pullbacks. Utilize our Elliott Wave strategy for precise entry timing. Specifically, establish positions after a 3, 7, or 11-swing correction completes. Additionally, our proprietary Blue Box system pinpoints high-probability entry zones. Consequently, this disciplined method provides clarity and confidence. Ultimately, it positions traders to capture the next major bullish leg.

Source: https://elliottwave-forecast.com/stock-market/walmart-wmt-target-precedes-dip/

 

[Elliottwave-Forecast]

The VanEck Junior Gold Miners ETF (GDXJ) is an exchange-traded fund that provides exposure to small- and mid-cap companies primarily engaged in gold and silver mining worldwide. In this article, we will explore the long term Elliott Wave technical path of the ETF.

GDXJ Monthly Elliott Wave View​

On the monthly timeframe, the Elliott Wave outlook for the Junior Gold Miners ETF ($GDXJ) highlights a significant structural development. The grand super cycle wave ((II)) found completion at $17.94, establishing a pivotal low. From that foundation, the ETF began a sustained advance, unfolding in the form of a nested impulse sequence. The initial rally carried wave (I) to $52.50 before a corrective decline in wave (II) retraced to $19.52. Strength then returned, propelling the instrument into wave (III).

Within this larger advance, the internal structure has also revealed clear subdivisions. From the wave (II) base, wave I extended to $65.95, followed by a corrective phase in wave II that concluded at $25.80. The broader trend remains constructive, provided the $17.94 low continues to hold as firm support. With that level intact, the ETF retains the potential to sustain its upward trajectory, consistent with the ongoing impulse pattern.

GDXJ Daily Elliott Wave View​

According to the daily Elliott Wave analysis of the VanEck Junior Gold Miners ETF (GDXJ), the major corrective wave II bottomed out at approximately $26. Within this framework, the ongoing wave III is developing as a clear impulsive advance with nested subdivisions. Starting from the wave II low, the initial subdivision ((1)) topped around $55.60. A corrective wave ((2)) then retraced to near $42. The rally then continued strongly into ((3)), which itself shows impulsive characteristics. Within ((3)), subwave (1) climaxed near $67, followed by a (2) correction down to about $57.50.

Subwave (3) of ((3)) appears close to completion at current levels, setting the stage for a wave (4) retracement shortly, after which the advance should resume in wave (5). On a shorter-term basis, provided the key pivot around $26 remains unbroken, any near-term dips are likely to find buyers in a 3-, 7-, or 11-swing sequence, allowing the broader uptrend to persist and push prices further upward.

Source: https://elliottwave-forecast.com/stock-market/gdxj-gold-miners-junior-impulse-rally-motion/

 

[Elliottwave-Forecast]

At the beginning of the year, TRV often moves into a price‑discovery phase shaped by analyst updates and early‑quarter earnings expectations. Most analysts rate the stock as a Hold, with an average 12‑month target near $294.25. That level suggests only a 3.13% upside from current prices, which signals that institutions expect steady underwriting results rather than a major re‑rating. Analysts also expect quarterly EPS to fall to $0.62, even though revenue may grow 8.5%. This mix of rising sales and softer earnings usually keeps valuation ranges tight during the first quarter.
Even so, early‑year volatility may depend on earnings surprises. Estimate revisions have inched higher by about 0.3% over the past month, showing a slight increase in analyst confidence. TRV also has a history of beating EPS expectations, which can act as a short‑term catalyst if margins or catastrophe losses come in better than forecast. Because of that, the first quarter becomes a confirmation stage. If TRV delivers a strong report, the stock may push toward the upper end of its target range. If not, it may stay range‑bound while models adjust loss‑ratio and premium‑growth assumptions.

Elliott Wave Outlook: TRV Weekly Chart August 2025​

Back in August, we explained that the TRV chart showed a mature Elliott Wave impulse on the weekly timeframe. We expected the bullish cycle to approach its final stage. The structure looked like an ending diagonal from waves ((1)) to ((5)), which often signals exhaustion. At that time, we highlighted a resistance zone between 279.63 and 295.09. We calculated that area using Fibonacci levels. We noted that if the stock failed to extend higher, it could trigger a strong reaction lower.
Even then, we stressed the value of trading only in the direction of the green and red Right Side tags. That approach kept traders aligned with the dominant trend. The chart suggested caution, even with upside targets still active. The structure favored a corrective pullback in waves a, b, and c. We expected that decline to create cleaner re‑entry opportunities for traders following the broader wave pattern.

Elliott Wave Outlook: TRV Weekly Chart January 2026​

​

As we can see in the TRV update, the market completed the diagonal and reacted lower as expected. However, that decline turned out to be only a correction because the market quickly broke to new highs. This shift means the move from the wave IV low formed a leading diagonal, which we label as wave ((1)). The October decline corresponds to wave ((2)), and we are now trading in wave ((3)) of V.
Therefore, we expect more upside to complete wave ((3)) and eventually finish the impulse of wave V. Even so, there is still a chance that wave V is unfolding as an ending diagonal. This will depend on how high wave ((3)) can reach and how deep the pullback in wave ((4)) becomes. If wave ((3)) fails to create enough upward separation and wave ((4)) produces a deep correction, without breaking below the wave ((2)) low, then we remain inside an ending diagonal. This scenario still supports more upside, although not as aggressively as the chart suggests.
Source: https://elliottwave-forecast.com/stock-market/trv-extends-rally-impulse-drives/