Elliott Wave Analysis by EWF

[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 USDJPY . The Forex Pair completed its 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 and discuss the trading setup in detail.

USDJPY Elliott Wave 4 Hour Chart 05.08.2025​

The pair is forming a correction against the 151.22 peak. The price action shows an incomplete higher high sequences in the rally from the low, suggesting potentially more short term strength. This correction is likely unfolding as an Elliott Wave Double Three pattern. We anticipate an extension toward the extreme zone at 148.39 area, where we are looking to re-enter as sellers.

We recommend members to avoid buying the pair. As the main trend remains bearish, we anticipate at least a 3-wave pull back from this Blue Box area. Once the price touches the 50 fibs against the X red connector, we’ll make positions risk-free and set the stop loss at breakeven and book partial profits. On other hand, breaking above the 151.22 peak 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.

USDJPY Elliott Wave 4 Hour Chart 05.08.2025​

USDJPY has made extension toward Blue Box 148.39 area and found sellers as expected. The pair is showing a decent drop from our Selling Zone. Now, we would like to see a further decline and break of the (A) blue low to confirm that the next leg down is in progress.

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/trading/usdjpy-elliott-wave-trading-setup-2/

 

[Elliottwave-Forecast]

Progressive Corporation (NYSE: PGR), a leading American insurer, ranks second in U.S. auto insurance. The stock price surged over the past two years as the company’s growth accelerated. Moreover, PGR looks ready to challenge new all-time highs. This article explores Elliott Wave analysis, highlighting bullish patterns that could attract both investors and traders.

PGR Daily Chart​

Elliott Wave Analysis​

The daily chart of PGR highlights an impulsive advance, with the recent peak marking wave (III) low at $292.99. The stock then completed a 3-wave pullback in wave (IV), bottoming at $247.98. From there, it resumed its upward trajectory, aiming to establish a new advance in wave I of (V).
However, PGR must break above its March 2025 peak to confirm the higher-high sequence and sustain its bullish trend. This breakout would unlock further upside potential, targeting the $303 - $320 range.
Until that occurs, the possibility of a double three correction in wave (IV) remains. Consequently, we recommend buyers either wait for a wave II pullback in 3, 7, or 11 swings or consider entering long positions if a double correction materializes, targeting the next extreme area at $242 - $214.

Conclusion​

The bullish Super Cycle for PGR continues, offering opportunities to buy daily and weekly corrective pullbacks using our Elliott Wave strategy. The ideal entry involves waiting for the stock to complete a 3, 7, or 11 swing sequence from its peak. Moreover, our extreme Blue Box system enhances precision, helping traders identify optimal entry points with clarity and confidence.

Source: https://elliottwave-forecast.com/stock-market/pgr-strong-upside-beyond-300/

 

[Elliottwave-Forecast]

Hello traders. In this article, we are going to present another Elliott Wave trading setup we got in Dollar Index . As our members know DXY index remains bearish against the 109.96 pivot. Recently Dollar made a clear 7 swings pattern and completed its correction precisely at the Equal Legs zone, referred to as the Blue Box Area. In the following sections, we are going to explain Elliott Wave pattern and discuss the trading setup in detail.

DXY Elliott Wave 4 Hour Chart 05.10.2025​

Dollar is doing recovery against the 109.96 peak. The price action shows an incomplete higher high sequences in the rally from the low, suggesting potentially more short term strength. This correction is unfolding as an Elliott Wave Double Three pattern. We expect more upside toward the Blue Box zone at 101.61-103.15 area, where we are looking to re-enter as sellers.

We recommend members to avoid buying Dollar. As the main trend remains bearish, we expect at least a 3-wave pull back from this Blue Box area. Once the price touches the 50 fibs against the X red connector, we’ll make positions risk-free and set the stop loss at breakeven and book partial profits. On other hand, breaking above the 103.15 peak would invalidate the trade.

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.

DXY Elliott Wave 4 Hour Chart 05.14.2025​

The Dollar has extended into the Blue Box area between 101.61 and 103.15 and, as expected, found sellers. DXY has made a solid decline from our Selling Zone. As a result, any short positions taken from the Blue Box should now be risk-free, with partial profits already booked.

At this point, we would like to see a further decline and a break below the April 21st low to confirm that the next leg down is in progress.

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/trading/dollar-index-dxy-selling-blue-box/

 

[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 EURUSD . 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 and explain the logic behind the trading setup in detail.

EURUSD Elliott Wave 4 Hour Chart 05.10.2025​

The price is showing a lower-low sequence from the peak. As of now, we can count five swings, which makes it an incomplete sequence. The price action suggests that EURUSD is forming a pullback in the form of a double three (WXY) structure.
The correction is still in progress, and we expect another leg down toward the 1.10725 – 1.08788 area, where we are looking to re-enter as buyers.

We recommend members avoid selling EURUSD. As the main trend remains bullish, we anticipate at least a three-wave bounce from the Blue Box area.
Once the price reaches the 50% Fibonacci retracement against the red X connector, we’ll 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.

EURUSD Elliott Wave 4 Hour Chart 05.14.2025​

EURUSD has made another wave down and completed 7 swings pattern at the Blue Box area. The pair found buyers as expected, making decent bounce. 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.

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/trading/eurusd-trade-setup-buying-blue-box/

 

[Elliottwave-Forecast]

About BYD: China's Electric Vehicle Market Leader​

BYD Company Limited (ticker: 1211.HK on the Hong Kong Stock Exchange) is a Chinese multinational powerhouse based in Shenzhen. Originally a battery manufacturer, BYD has emerged as the world’s leading producer of plug-in electric vehicles, surpassing Tesla by 2022. By 2023, it had sold over 3 million new energy vehicles, driven by popular models like the affordable Dolphin and its innovative Blade Battery. Recently, the stock has surged to a new all-time high within Wave (III). Below, we explore its long-term Elliott Wave trajectory.

Monthly Elliott Wave Perspective​

The monthly chart for BYD displays a completed Wave (I)-(II) structure, with the current price action indicating a breakout in Wave (III)

The monthly Elliott Wave chart for BYD illustrates a strong upward trend, with the stock reaching a new all-time high within Wave (III). From its all-time low, BYD rallied impulsively in five waves, completing Wave (I) at 333, followed by a Wave (II) pullback to 161.70. The stock then continued its ascent in Wave (III) as a nest. From the Wave (II) low, Wave I peaked at 426.60, with a subsequent Wave II pullback to 309.80. As BYD continues to break to new all-time highs and remains above 161.70, further upside is anticipated.

Daily Chart Breakdown​

The daily chart for BYD illustrates the ongoing progression of Wave (III), featuring nested sub-waves within its structure

The daily Elliott Wave chart for BYD illustrates the stock's ongoing rally within Wave (III). The structure shows Wave (I) peaking at 333, followed by a Wave (II) pullback to 161.70. From there, the stock advanced in Wave ((1)) to 280.60, with a Wave ((2)) pullback to 167.80. The rally resumed in Wave ((3)) to 320.80, followed by a Wave ((4)) dip to 245.50. The final Wave ((5)) completed at 426.60, marking the end of Wave I of (III). A subsequent pullback in Wave II of (III) concluded at 309.80, and the stock has since resumed its ascent to a new all-time high. As long as the pivot low at 161.70 holds, expect pullbacks to attract buyers in a 3, 7, or 11-swing sequence, supporting further upside.

Source: https://elliottwave-forecast.com/st...hk-emerges-correction-resumes-strong-uptrend/

 

[Elliottwave-Forecast]

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

BSX favors rally in V (as previous article) started from $85.98 low in double correction from daily blue box. It expects rally to extend at least $112.20 – $120.29 area to before next pullback starts.

BSX - Elliott Wave Latest Daily View:​

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

BSX - Elliott Wave View From 4.14.2025:​

In IV pullback, it placed ((W)) at $93.29 low, ((X)) at $104.35 low & ((Y)) ended at $84.01 low in blue box area. We recommended long position from blue box area against $81.78 low, which reacted higher. Buyers are already having risk free longs, looking for more upside, once it breaks above $107.17 high. Within rally in ((1)), it ended (1) at $95.05 high, (2) at $86.77 low & favors rally in (3) towards $106.66 - $108.18 area before pullback in (4). It expects further upside in nine swings to finish the ((1)) of V, which may break to new high in daily, before larger pullback. Above daily high, we like to buy the pullback in 3, 7 or 11 swings at extreme area.

Source: https://elliottwave-forecast.com/stock-market/bsx-navigating-market-trends-price-action/

 

[Elliottwave-Forecast]

EQT Corporation (NYSE: EQT) found a strong buying opportunity in the 2023 Blue Box Area, allowing the stock to resume its rally toward new all-time highs. Moreover, in today's article, we explore the Elliott Wave structure, highlighting potential paths and targets for its continued bullish momentum.

EQT Weekly Chart​

Elliott Wave Analysis​

The weekly chart of EQT highlights its advance from the 2020 low, with wave (I) peaking at $51.97, followed by a 3-wave pullback in wave (II) that ended at $28.11. After that, the stock confirmed a bullish sequence by reaching new all-time highs, signaling the continuation of wave (III).

Currently, EQT is progressing through a 5-wave advance from its 2023 low, steadily approaching the 61.8% Fibonacci extension zone at $57.75 - $64.74, where wave I of (III) could complete. Moreover, once this level is reached, a wave II pullback is expected, providing a buying opportunity in 3, 7, or 11 swings. Furthermore, the stock remains supported, with the next upside target aiming for the equal legs area between $76 - $105.

Conclusion​

The bullish Grand Super Cycle for EQT continues, creating opportunities to buy daily and weekly corrective pullbacks using our Elliott Wave strategy. The best approach involves entering after the stock completes a 3, 7, or 11 swing sequence from its peak. Moreover, our extreme Blue Box system improves precision, helping traders identify entry points with clarity and confidence.

Source: https://elliottwave-forecast.com/stock-market/eqt-corporation-weekly-bullish-sequence/

 

[Elliottwave-Forecast]

Hello traders. 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 GOLD. The commodity 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 and explain the logic behind the trading setup in detail.

GOLD Elliott Wave 4 Hour Chart 05.12.2025​

The pull back looks incomplete at the moment. The price action suggests that GOLD is still doing a correction in the form of a double three (WXY) structure. We expect another leg down toward the 3136.56 area, where we are looking to re-enter as buyers. As the main trend remains bullish, we anticipate at least a three-wave bounce from the Blue Box area. We recommend members avoid selling GOLD. Once the price reaches the 50% Fibonacci retracement against the red X connector, we’ll 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.

GOLD Elliott Wave 4 Hour Chart 05.12.2025​

GOLD has made another wave down and completed 7 swings pattern at the Blue Box area. The commodity found buyers as expected, making decent bounce. 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.

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-buying/

 

[Elliottwave-Forecast]

Hello everyone! In today’s article, we’ll examine the recent performance of Alphabet Inc. ($GOOGL) through the lens of Elliott Wave Theory. We’ll review how the rally from the May 7, 2025 low unfolded as a 5-wave impulse followed by a 3-swing correction (ABC) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock.

5 Wave Impulse Structure + ABC correction​

​

$GOOGL 1H Elliott Wave Chart 5.18.2025:​

In the 1-hour Elliott Wave count from May 18, 2025, we saw that $GOOGL completed a 5-wave impulsive cycle at black ((i)). As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 3 swings and find buyers.

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

$GOOGL 1H Elliott Wave Chart 5.19.2025:​

The recent update, from May 19, 2025, shows that the stock bounced as predicted. Currently, it is trading higher in wave ((iii)) looking for continuation higher towards 180–200 area before another pullback can happen.

Conclusion​

In conclusion, our Elliott Wave analysis of Alphabet Inc. ($GOOGL) suggests that it remains supported against May 2025 lows. As a result, traders should buy the dips and monitor the $180–$200 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...-extreme-areas-offering-buying-opportunities/

 

[Elliottwave-Forecast]

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 Gold Miners ETF GDX . The ETF completed its 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 and explain trading setup.

GDX Elliott Wave 1 Hour Chart 05.12.2025​

The current analysis suggests that GDX is doing a correction that is having a form of Elliott Wave Zig Zag Pattern. The pull back is incomplete at the moment, we expect more short term weakness . We anticipate an extension toward the extreme zone at 44.86-40.83 area, where we are looking to re-enter as buyers.

We recommend members to avoid selling GDX. 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 40.83 would invalidate the trade.

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.

GDX Elliott Wave 1 Hour Chart 04.21.2025​

The ETF extended lower into the Blue Box area and found buyers, just as expected. GDX has made a solid rally from our Buying Zone. As a result, any long positions entered at the Blue Box are now risk-free. We’ve moved our stop loss to breakeven and already booked partial profits.
The correction appears to have ended at the 44.72low. As long as price remains above this level, further upside remains likely. Alternatively, if that low is broken, we anticipate a deeper pullback and will look to buy the dips again at the next equal-leg zone.

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/gold-miners-gdx-buying-dips-blue-box/

 

[Elliottwave-Forecast]

T-Mobile US Inc., TMUS, corrects against the long-term bullish sequence. Meanwhile, the pullback is evolving in a 7-swing structure and is close to the blue box. In this article, we will discuss the blue box where buyers will be waiting to buy the stock again.

T-Mobile US (NASDAQ: TMUS) is a leading U.S. wireless carrier, known for its aggressive pricing and nationwide 5G network. Headquartered in Bellevue, Washington, it is majority-owned by Deutsche Telekom. Since merging with Sprint in 2020, T-Mobile has become the third-largest U.S. telecom provider. It is listed on the NASDAQ-100 and S&P 500 indices.

TMUS Elliott Wave Analysis - Weekly Chart ​

[caption id="attachment_961581" align="aligncenter" width="1024"] Weekly Chart, TMUS[/caption]
TMUS is in an all-time bullish sequence. Thus, it's evolving into an impulse wave cycle from the all-time lows. The latest bullish cycle started in January 2022, where the cycle degree wave IV finished. From the January 2022 low, wave V emerged, and it's currently in wave ((5)) of V. Wave ((1)) of V ended at the top of October 2022. Afterwards, the wave ((2)) dip followed and ended in May 2023. From the lows of May 2023, an impulse surge emerged that took the stock from barely trading at $125 to almost $250 in November 2024. A wave ((4)) dip followed to $208 in January 2025. Meanwhile, while the entire U.S. stock market fell in January/February 2025, this stock rose to a record high of $276.46.

However, this high could either be wave ((5)) of V, marking the completion of the cycle from January 2022, or it's just wave (1) of ((5)). The former scenario requires a correction of the entire rally from January 2022. However, the latter still sees further rallies toward $300–400. What determined our preferred choice? First, the entire U.S. stock market is in a recovery state. Thus, one of its most bullish companies could be supported by the overall market. Second, the fall from the March high is corrective against the shorter cycle from January 2025, where wave ((4)) of V finished. Therefore, the pullback from March 2025 marks wave (2) of ((5)) of V.

TMUS Elliott Wave Analysis - Daily Chart ​

[caption id="attachment_961582" align="aligncenter" width="1024"] TMUS, Daily Chart[/caption]
The daily chart above sheds some light on the wave (2) pullback from March 2025. The pullback is evolving into a double zigzag, 7-swing structure. In a strong bullish sequence like this, it’s best to buy from the extreme of a 3/7/11 swing pullback. The extreme of this 7-swing pullback is at 229.98–206.41. Thus, traders will eye this zone to buy into the next bullish phase. The next bullish phase could see the stock reach $300–400.

Source: https://elliottwave-forecast.com/stock-market/tmus-bullish-sequence-bluebox-support/

 

[Elliottwave-Forecast]

The ticker symbol URA corresponds to the Global X Uranium ETF, an exchange-traded fund (ETF) listed on the NYSE Arca. Launched on November 4, 2010, and managed by Global X Management Company, this fund aims to provide investors with exposure to the uranium industry by tracking the Solactive Global Uranium & Nuclear Components Total Return Index. This index includes a diversified portfolio of global companies engaged in uranium mining, exploration, production, and related activities, such as the development of nuclear power technologies. Below we will look at the Elliott Wave technical outlook for the instrument.

URA Elliott Wave Chart Monthly Chart​

The monthly chart of the URA ETF reveals that it completed wave ((II)) of the Grand Super Cycle at a low of 7.01. Since then, the ETF has been advancing in a clear impulsive structure. From the March 18, 2020 low, wave I peaked at 31.60, followed by a wave II pullback that concluded at 17.65. The ETF then progressed into wave III, which is unfolding in five distinct sub-waves. From the wave II low, wave ((1)) reached 33.66, with the subsequent wave ((2)) pullback finding support at 19.50. As long as the critical 7.01 pivot holds, the $URA ETF is expected to maintain its upward trajectory.

URA Daily Elliott Wave Chart​

The daily chart of the $URA ETF shows that wave ((2)) concluded at 19.47, forming an expanded flat pattern. Within this structure, wave (A) bottomed at 22.79 and wave (B) rallied to 33.99. Wave (C) declined to 19.47, completing wave ((2)). Since then, the ETF has advanced in an impulsive structure. From the wave ((2)) low, wave 1 peaked at 23.31, followed by a wave 2 pullback that ended at 22.12. The ETF has since extended higher in wave 3. Within wave 3, wave ((i)) reached 28.31, and the wave ((ii)) pullback found support at 27.26. In the near term, as long as the pivot low at 19.47 holds, any pullbacks are expected to attract buyers in a 3, 7, or 11-swing sequence, supporting further upside.

Source: https://elliottwave-forecast.com/video-blog/uranium-miners-etf-ura-back-on-bullish-path/

 

[Elliottwave-Forecast]

As our members know, we’ve been long in Microsoft ($MSFT) since April. The stock has made a solid rally, gaining 27% since our entry last month. In this technical article, we are going to present Elliott Wave trading setup of MSFT. 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 logic behind the setup and trade management.

MSFT Elliott Wave Weekly Hour Chart 03.30.2025​

The current analysis suggests that Microsoft stock is undergoing a correction in the form of an Elliott Wave Zig Zag Pattern. We can count 5 waves from the peak so far. That implies the pullback is incomplete at the moment — we expect more short-term weakness, another leg down ((C)) black toward the Blue Box.

Our analysis calls an extension toward the extreme zone at the 355.33 area, where we are looking to re-enter as buyers. We recommend members avoid selling MSFT, 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 ((B)) black connector, we’ll make positions risk-free, set the stop-loss at breakeven, and book partial profits.

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.

​

MSFT Elliott Wave Weekly Hour Chart 05.25.2025​

The stock extended lower into the Blue Box area and found buyers, just as expected. The correction ended at the 338 low, and since then, Microsoft stock has staged a strong rally toward the 450 area. 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 long as price holds pivot at 338 low , further upside remains likely.

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/microsoft-msft-april-entry-blue-box/

 

[Elliottwave-Forecast]

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of GBPUSD. In which, the rally from 13 January 2025 low is unfolding as an 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 1-Hour Elliott Wave Chart From 5.08.2025​

Here’s the 1-hour Elliott wave Chart from the 5.09.2025 Asia update. In which, the rally to $1.3443 high completed wave 1 & made a pullback in wave 2. The internals of that pullback unfolded as Elliott wave zigzag correction where wave ((a)) ended at $1.3257 low. Then a bounce to $1.3403 high-ended wave ((b)) & started the next leg lower in wave ((c)) towards $1.3216- $1.3100 blue box area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum.

GBPUSD Latest 1-Hour Elliott Wave Chart From 5.26.2025​

This is the latest 1-hour Elliott wave Chart from the 5.26.2025 London update. In which the pair is showing a strong reaction higher taking place, right after ending the correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. Since then, the pair has already made a new high above $1.3443 high confirming the next extension higher targeting $1.3819- $1.4044 area higher.

Source: https://elliottwave-forecast.com/forex/power-elliott-wave-blue-boxes-gbpusd-perfect-bounce/

 

[Elliottwave-Forecast]

Hello everyone! In today’s article, we’ll examine the recent performance of Boeing Co. ($BA) through the lens of Elliott Wave Theory. We’ll review how the rally from the April 15, 2025 low unfolded as a 5-wave impulse followed by a 7-swing correction (WXY) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock.

5 Wave Impulse + 7 Swing WXY correction​

$BA 1H Elliott Wave Chart 5.23.2025:​

In the 1-hour Elliott Wave count from May 23, 2025, we saw that $BA completed a 5-wave impulsive cycle at ((iii)). 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 $198.74 and $192.66.

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

$BA 1H Elliott Wave Chart 5.27.2025:​

The most recent update, from May 27, 2025, shows that the stock bounced as predicted. Currently, it is trading higher in wave ((v)) looking for continuation higher towards 212 – 216 area before another pullback can happen.

Conclusion​

In conclusion, our Elliott Wave analysis of Boeing Co. ($BA) suggests that it remains supported against April 2025 lows. As a result, traders that bought the dip should monitor the $212–$216 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...-extreme-areas-offering-buying-opportunities/

 

[Elliottwave-Forecast]

We recently added 3 new Cryptocurrencies to our coverage. Our current cryptocurrencies service now covers Bitcoin (BTCUSD), Ethereum (ETHUSD), Dogecoin (DOGE), Solana (SOL), Ripple (XRPUSD) and Binance Coin (BNBUSD). Cryptocurrencies have been rallying since forming a low back on April 7, 2025. Today, we look at the long-term Elliott wave view and next targets for Solana.

Solana (SOL) Weekly Elliott Wave View​

Solana weekly chart below suggests cycle from all time low ended at 267.52 on 8 November 2021. This was followed by a 3 waves pull back which ended in December 2022 around $10 mark. Rally then resumed again and SOL crypto went on to make a new high above November 2021 peak to create an incomplete bullish sequence. Rally from December 2022 low was impulsive with an extended wave (( 3 )) and ended in January 2025 at $295.31.

We then saw a sharp correction to $95.31 which ended on April 7, 2025. Cryptocurrency has been rallying since April 7, 2025 low and is currently trading at $175.04. As far as January 2025 high remains intact, there is possibility of a double three correction lower before the rally resumes. However, we can see 5 waves up from April 7, 2025 low which supports the idea that low should hold for at least 1 more leg higher.

January 2025 high needs to break to confirm that next leg in the form of wave III of ( III) is in progress. Ideal targets for wave III of ( III) would be $383 - $561 area which is 100 - 161.8 Fibonacci extension area of wave I related to wave II.

Solana (SOL) Daily Elliott Wave View​

Solana daily chart below shows rally from April 7, 2025 ($96.58) is already showing 5 waves up. However, while below wave 4 low, we can see further extension in wave 5. As dips hold above $96.58, expect the rally to continue for a new high above January 2025 peak or one more leg higher at least.





Source: https://elliottwave-forecast.com/cryptos/solana-elliott-wave-view-383-561-area/

 

[Elliottwave-Forecast]

Elliott Wave Forecast suggests ITC remains in a bullish cycle with further upside ahead as long as key levels hold.
ITC Ltd (NSE: ITC) shows a powerful long-term bullish trend based on Elliott Wave analysis. The stock has followed a textbook impulse sequence since the 1990s. The wave count reveals a clear five-wave structure, suggesting more upside remains in the current cycle.

On the Weekly chart, ITC has shown a clear 5-wave advance from the lows of the early 2000s, with wave III peaking near 2022 followed by a corrective wave IV bottoming out post-2020. The price has since resumed the uptrend in what appears to be the early stages of wave V. The labeling suggests wave ((1)), ((2)), ((3)) and ((4)) of V are already completed, and wave ((5)) is currently unfolding, supported by strong momentum and higher highs.

Notably, there is a "Right Side" tag placed at 10.31 INR, establishing this level as the long-term invalidation point for the bullish view. As long as this level holds, the structure favors higher prices, and we do not recommend selling.

The Daily chart adds further confirmation. Following the low of wave IV in 2020, ITC has developed a clean impulsive advance with several subwaves already completed. The latest correction labeled as wave (2) within ((5)) seems to be finishing, setting the stage for a bullish breakout toward the 500–550 INR region in the coming months.



The corrective sequences have remained shallow and orderly, indicative of a market with underlying buying interest. The bullish "Turning Up" tag and "Right Side" indication align across both timeframes, reinforcing our directional bias.

Conclusion:​

In conclusion, as per our Elliott Wave analysis, ITC Ltd remains in a strong upward trend. We prefer to remain buyers in blue box pullbacks and avoid trading against the Right Side tags. The structure supports further upside as long as key support and invalidation levels remain intact.

Source: https://elliottwave-forecast.com/st...is-long-term-upside-potential-remains-intact/

 

[Elliottwave-Forecast]

Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of EURUSD forex pair published in members area of the website. As our members know, we are long in the pair, as explained in our previous technical article . The pair has recently given us pull back against the 1.10625 low and found the buyers precisely at the equal legs area as we expected. In the following text, we’ll explain the Elliott Wave analysis and present target areas.

EURUSD Elliott Wave 1 Hour Chart 05.28.2025​

EURUSD is currently forming a three-wave pullback against the 1.10625 low. The correction appears incomplete and is unfolding as a double three pattern — (w)-(x)-(y). Our members are aware that we can pinpoint the potential reversal area by measuring the Equal Legs zone, where wave (y) is related to wave (w). This zone aligns with the 1.1215 area. We expect buyers to emerge within this region and anticipate a continuation of the rally.

You can learn more about Elliott Wave Patterns at our​

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

EURUSD Elliott Wave 1 Hour Chart 05.29.2025​

The pair has reached our target area. While there is still a possibility of another short-term low within this zone, we do not recommend selling. The minimum requirements for a completed structure are already in place, and a reversal to the upside could occur at any moment.

EURUSD Elliott Wave 1 Hour Chart 05.30.2025​

The pair found buyers as expected in the Equal Legs area and has delivered a decent rally so far. We now look for a break above the May 26th peak to confirm a further extension to the upside toward the 1.1558 area.

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

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



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

 

[Elliottwave-Forecast]

Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of AUDJPY forex pair published in members area of the website. The pair has recently given us a 3 waves bounce that completed precisely at the equal legs area as we expected. In the following text, we’ll explain the Elliott Wave analysis and present target areas.

AUDJPY Elliott Wave 1 Hour Chart 05.28.2025​

EURUSD is currently forming a three-wave pullback against the95.63 peak, unfolding as a Zig Zag pattern — (a)-(b)-(c). Our members are aware that we get the potential reversal area by measuring the Equal Legs zone, (a)-(b) . This zone comes at 93.65-94.61 area. We expect sellers to emerge within this region and anticipate a continuation of the decline toward new lows ideally.

You can learn more about Elliott Wave Patterns at our​

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

AUDJPY Elliott Wave 1 Hour Chart 05.28.2025​

The pair found sellers as expected in the Equal Legs area and has delivered a decent decline so far. We would now like to see a break below the May 23rd low to confirm that the next leg lower is in place. In that case, further downside extension would be expected, ideally targeting the 89.86 area.

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

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



Source: https://elliottwave-forecast.com/forex/audjpy-sellers-equal-legs/

 

[Elliottwave-Forecast]

The Magnificent Seven ETF (MAGS) offers investors targeted exposure to a select group of seven leading U.S. technology and growth companies. These corporations are often regarded as market pacesetters driving innovation and performance. Designed to capitalize on the strength of these industry giants, MAGS has garnered attention for its concentrated approach. The ETF aims to deliver robust returns by focusing on firms with significant influence in their sectors. Recently, it has emerged from a correction triggered by a tariff war announcement. The ETF showcased resilience as it embarks on what appears to be an impulsive rally. With momentum building, investors are closely watching whether MAGS can surpass its previous all-time high. Only break to new high confirms that the low is firmly in place, signaling a potential continuation of its upward trajectory. We will take a look at the technical outlook using Elliott Wave below:

MAGS Weekly Elliott Wave Chart​

The weekly Elliott Wave chart for the Magnificent Seven ETF (MAGS) illustrates a completed five-wave impulse in wave (I), peaking at an all-time high of $58.69. The subsequent pullback in wave (II) appears to have concluded at $39. Currently, MAGS has turned upward, potentially initiating wave (III). To confirm the start of this next bullish leg and rule out a double correction, the ETF must break above the wave (I) high of $58.69. Going forward, expect any pullbacks to find support at the 3, 7, or 11 swing levels, with the ETF poised to extend higher if the breakout occurs.

MAGS Daily Elliott Wave Chart​

The daily Elliott Wave chart for the Magnificent Seven ETF (MAGS) details the subdivision of wave (II) as a double-three Elliott Wave structure. Following the all-time high of wave (I) at $58.69, the corrective wave (II) unfolded as a double three. Wave w declined to $45.67 and wave x rebounded to $49.46. Wave y concluded at $38.98, marking the completion of wave (II). Since then, MAGS has turned higher, initiating an impulsive rally.

From the wave (II) low, wave (1) advanced to $46.67, followed by a wave (2) pullback to $40.58. The rally continued with wave (3) reaching $52.88, and wave (4) dipped to $50.77. The ETF is now expected to complete wave (5) of ((1)). Then it should be followed by a pullback in wave ((2)) to correct the cycle from the April 7, 2025 low. Dips will likely find support at the 3, 7, or 11 swing levels. As long as the $38.98 pivot holds, dips should attract buyers at these swing levels, supporting further upside.

Source: https://elliottwave-forecast.com/st...nding-tariff-selloff-momentum-eyes-time-high/