Elliott Wave Analysis by EWF

[Elliottwave-Forecast]

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

HOOD Weekly Charts​

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

Elliott Wave Analysis​

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

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

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

Conclusion​

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

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

 

[Elliottwave-Forecast]

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

USDSEK Elliott Wave 1 Hour Chart 05.30.2025​

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

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USDSEK Elliott Wave 1 Hour Chart 06.02.2025​

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

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

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

​

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

 

[Elliottwave-Forecast]

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

PLTR Daily Chart Update: February 20, 2025​

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

PLTR Daily Chart Analysis: June 02, 2025​

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

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

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

 

[Elliottwave-Forecast]

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

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

JCI - Elliott Wave Latest Weekly View:​

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

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

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

 

[Elliottwave-Forecast]

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

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

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

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

Elliott Wave Sequence: Figure 1​

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

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

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

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

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

 

[Elliottwave-Forecast]

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

GDXJ Monthly Elliott Wave View​

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

GDXJ Daily Elliott Wave View​

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

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

 

[Elliottwave-Forecast]

Hello fellow traders,

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

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

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

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

ZS_F 1-Hour Elliott Wave Analysis 06.02.2025​

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

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

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

ZS_F 1-Hour Elliott Wave Analysis 06.02.2025​

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

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



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