Elliott Wave Analysis by EWF

[Elliottwave-Forecast]

In this blog post, we’ll dive into the recent performance of the YM_F Dow futures, focusing on its 1-Hour Elliott Wave Charts. Since the April 7, 2025, low, the rally has unfolded as an impulse structure. Showing a sequence of higher highs that suggests further upside potential.
Given this momentum, our advice to members has been to avoid selling the index. Instead buy the dips in 3, 7, or 11 swings within the blue box areas. Below, we’ll break down the structure and provide insights into our forecast.

YM_F Dow futures 1-Hour Elliott Wave Chart From 7.15.2025​

As of our July 15, 2025, NY Midday update, the YM_F Dow futures index had completed the cycle from 6.19.2025 low ended in wave ((iii)) at $45177 high. The subsequent decline unfolded as wave ((iv)), which corrected the preceding cycle. This pullback followed a zigzag structure, with wave (a) ending at $44422 and wave (b) bounce to $45043. Wave (c) then extended to the blue box area $44291- $43819, a zone anticipated for buyer interest, potentially triggering a 3-wave bounce or the next significant leg higher.

YM_F Dow futures Latest 1-Hour Elliott Wave Chart From 7.22.2025​

Our latest 1-Hour Elliott Wave Chart update from July 22, 2025, shows the index reacting higher after completing its correction within the blue box area. This favorable move enabled members to secure risk-free positions shortly after entering long at the blue box zone. However, a decisive break above the $45177 high is crucial to confirm further upside potential and prevent a deeper pullback.

Source: https://elliottwave-forecast.com/stock-market/bullish-bounce-ym_f-dow-futures-rebound-blue-box-zone/

 

[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 talk about another Elliott Wave trading setup we got in NVIDIA. The stock has gained more than 60% since we bought it in April. NVDA 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.

NVDA Elliott Wave Daily Chart 04.27.2025​

The stock has given us a pullback against the 39.22 low. The pullback shows a clear 7-swing pattern, with the Blue Box (buyers’ zone) reached in the 101.78–76.16 area. We are calling the correction completed at the 83.65 low and are expecting a further rally toward new highs. We do not recommend selling the stock in any proposed pullback.

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.

NVDA Elliott Wave Daily Chart 04.27.2025​

In less than three months, we are seeing great results. The stock has continued rallying from the Blue Box, just as expected. NVDA made a strong move toward new all-time highs, gaining more than 60% from our Blue Box buying 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/nvidia-stock-nvda-blue-box/

 

[Elliottwave-Forecast]

McDonald’s (MCD) stock is holding steady near $298, showing resilience despite mixed consumer trends and pricing pressures. Financially, the company remains strong with a market cap above $213 billion, a dividend yield of 2.37%, and nearly 50 consecutive years of dividend increases. Its Q2 earnings are expected on July 28, with analysts projecting modest profit growth.

Recently, Goldman Sachs upgraded MCD to “Buy,” citing its push to regain market share through product innovation and digital strategy. New menu items like the return of snack wraps and the “daily double” burger are designed to attract value-focused customers. McDonald’s is also expanding its beverage lineup, using insights from its CosMc’s concept to boost traffic and check size.

Leadership changes are underway too—Annemarie Swijtink will become CEO of McDonald’s Canada this September, signaling a fresh strategic direction in key markets. Overall, MCD is navigating a tough consumer environment with smart financial planning, brand strength, and targeted innovation. Want help turning this into a visual or social post? I’ve got ideas.

McDonald's MCD Weekly Chart March 2025​

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Back in March, McDonald’s (MCD) completed its correction and reached the projected zone between $281 - $271 area. It touched a low of $276.80 and quickly moved higher, matching our bullish forecast. Since then, the price climbed in a new upward phase, supported by strong momentum. As long as it stays above the previous low, the bullish setup remains valid. If the price dips below that level, it may signal that the correction isn’t over. However, that wouldn’t mean a bearish trend—just a delayed continuation. Overall, the market’s structure still points to more upside ahead.

McDonald's MCD Weekly Chart July 2025​

Currently, wave (2) has taken significantly more time than expected. Although we initially looked for a strong bullish continuation, we’ve now decided to relabel the structure as a leading diagonal. This adjustment stems from the likelihood that the Dow Jones is nearing to end of an impulsive move that began in April. If true, McDonald’s (MCD) stock should rally and soon experience a pullback. Accordingly, the diagonal now includes wave (1) at 317.84 high, correction wave (2) at 276.63 low, next leg at 326.27 high, and wave (4) at 283.47 low. To complete the pattern, wave (5) must rise above wave (3) but remain below 333.27.

If wave (5) exceeds 333.27, the diagonal structure becomes invalid. This is because wave (3) would then be the shortest, violating Elliott Wave rules. In that case, we must reassess whether MCD is forming a flat correction as wave ((2)), or simply continuing its bullish momentum. This scenario would require a fresh analysis of the broader structure and its implications for future price action. For now, we remain focused on completing the diagonal and preparing for a potential retracement.

Source: https://elliottwave-forecast.com/stock-market/mcdonalds-mcd-final-push-diagonal-ends/

 

[Elliottwave-Forecast]

Hello traders. Here is another blue box blog post. In a post like this, we review some of the latest blue box trades that Elliottwave-Forecast members took. In this post, the spotlight will be on the EURCAD currency pair.

EURCAD is clearly in a bullish sequence from August 22, 2022, in the primary degree wave count. This cycle forms a 3-wave structure. Wave ((A)) ended in April 2023. Then, a wave ((B)) pullback followed and completed at the September 2023 low. From that low, the pair rallied and breached the wave ((A)) high, kickstarting wave ((C)).

As a result of that breach, a bullish sequence is now confirmed. Ideally, traders should buy dips in a bullish market and sell bounces in a bearish one. Wave (1) and (2) of ((C)) ended in November 2023 and November 2024, respectively. Then, wave (3) began from the November 2024 low.

Currently, wave (3) is nearing completion. In such a strong trend, there will be opportunities to buy from pullback extremes. The most recent was in mid-July 2025, marking the end of wave ((iv)) of 5 of (3). Wave ((C)) should ideally reach the 1.6400 equal leg for completion.

EURCAD Bullish Setup - 17th July 2025​

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On July 17, 2025, we shared the chart above with members. Earlier, we had identified a 7-swing pullback as wave ((iv)). In addition, we marked the 1.5886–1.5771 area as the blue box extreme. From that zone, we recommended a Long opportunity to members.

EURCAD Bullish Setup - 25th July 2025​

On July 25, 2025, we shared the chart above with members during the Asia update. The H1 chart showed price hitting the blue box and bouncing off it immediately. Buyers have now closed half of their positions in profit and moved the rest to breakeven.

Looking ahead, price may either break into a new high within the April cycle or complete a 3-swing bounce from the blue box and turn lower for a deeper ((iv)) via a 15-swing pullback. In either scenario, we already have a trade plan. So, nothing catches us by surprise.

EURCAD has rallied over 150 pips from the blue box. If the setup plays out fully, members could gain around 270 pips in total profit.

Source: https://elliottwave-forecast.com/bluebox-wins/eurcad-analysis-bullish-sequence-blue-box/

 

[Elliottwave-Forecast]

Hello everyone! In today’s article, we’ll examine the recent performance of Netflix Inc. ($NFLX) through the lens of Elliott Wave Theory. We’ll review how the decline from the June 30, 2025, high unfolded as a 7-swing correction (WXY) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock.

7 Swing WXY correction​

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$NFLX 4H Elliott Wave Chart 7.20.2025:​

In the 4H Elliott Wave count from July 20, 2025, we saw that $NFLX completed a 5-wave impulsive cycle at black ((1)). 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 $1199.29 and $1130.90.

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

$NFLX 4H Elliott Wave Chart 7.27.2025:​

The most recent update, from July 27, 2025, shows that the stock has found a low as predicted. After the decline from the June peak, the stock is now finding support from the equal legs area. Currently, it is looking for a corrective bounce towards 1240 - 1280. After that, the stock is expected to continue lower in wave ((2)) before a renewed bullish cycle takes place.

Conclusion​

In conclusion, our Elliott Wave analysis of Netflix Inc. ($NFLX) suggests that it remains supported against April 2025 lows. As a result, traders should buy the dips and monitor the $1240–$1280 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...nflx-blue-box-area-offers-buying-opportunity/

 

[Elliottwave-Forecast]

Upstart Holdings, Inc., (UPST) operates a cloud-based artificial intelligence (AI) lending platform in the United States. The company operates through three segments: Personal lending, Auto lending & others. It comes under Financial services sector and trades as “UPST” ticker at Nasdaq.

UPST is trading higher in proposed nest Elliott wave structure from May-2023 low of $11.93. Currently, it favors upside in ((1)) of III & should remain supported against 4.04.2025 low of $31.40. Once it breaks above 2.13.2025 high, it will confirm 5 swings to see more upside.

UPST - Elliott Wave Latest Daily View:​

It made all time high of $401.49 in October-2021 & all time low of $11.93 in May-2023 since inception. Above $11.93 low, it appears nesting or can be diagonal move with one more push above February-2025 high. Once it confirms 5 swings higher from May-2023 low, we like to buy the next pullback. It placed (I) at $72.58 high in August-2023 & (II) at $19.84 low in November-2023 as dip pullback. Above there, it placed I of (III) at $96.43 high in February-2025 & II at $31.40 low in April-2025. Currently, it favors upside in ((1)) of III & expect short term upside to finish it before correcting next.

Within I, it placed ((1)) at $49.62 high, ((2)) at $20.60 low, ((3)) at $86.07 high, ((4)) at $55.20 low & ((5)) at $96.43 high as I of (III). Below I high, it ended ((A)) at $45.01 low, ((B)) at $56.10 high & ((C)) at $31.40 low as truncated move ending II against November-2023. Above there, it ended (1) of ((1)) at $55.05 high, (2) at $43.28 low & favors upside in 5 of (3) before soon correcting in (4). Within (3), it ended 1 at $61.52 high, 2 at $51.59 low, 3 at $81.48 high, 4 at $68.05 low & favors upside in 5.

Wave (3) already reached the 1.618 extension level of (1), but can see small upside before correcting in (4). It expects 5 to extend in to $84.68 – $89.82 area, while stay above $73.00 low to finish (3). If it breaks below $73.00 low, it should be correcting in (4) in 3 or 7 swings. It expects two more highs to finish the cycle from April-2025 low before correcting next. We like to buy the pullback in 3, 7 or 11 swings in ((2)), once 5 swings confirmed. The cycle from May-2023 low can be diagonal, if makes a new high above February-2025 before dip pullback that break below April-2025 low. While above April-2025 low, it should be nest.

Source: https://elliottwave-forecast.com/stock-market/upstart-upst-ready-next-big-rally/

 

[Elliottwave-Forecast]

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of XLF. We presented to members at the elliottwave-forecast. In which, the rally from the 07 April 2025 low is unfolding 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:

XLF 1-Hour Elliott Wave Chart From 7.15.2025​

Here’s the 1-hour Elliott wave chart from the 7.15.2025 Midday update. In which, the short-term cycle from the 4.10.2025 low ended in wave 3 as impulse at $53.29 high. Down from there, the ETF made a pullback in wave 4 to correct that cycle. The internals of that pullback unfolded as Elliott wave double three structure where wave ((w)) ended at $52.14 low. Wave ((x)) bounce ended at $52.76 high. Then wave ((y)) managed to reach the blue box area at $51.59- $50.87. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

XLF 1-Hour Elliott Wave Chart From 7.28.2025​

This is the 1-hour Elliott wave Chart from the 7.28.2025 Midday update. In which the ETF 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, XLF has already made a new high targeting $53.78- $54.54 area higher minimum before profit taking & next pullback takes place in 3, 7 or 11 swings.

Source: https://elliottwave-forecast.com/stock-market/xlf-reaches-new-heights-blue-box-proves-pivotal/

 

[Elliottwave-Forecast]

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

AMD Elliott Wave 1 Hour Chart 07.21.2025​

The current analysis suggests that AMD stock is undergoing a wave 4 pull back. 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 153.72-149.60 area, where we are looking to re-enter as buyers. We recommend members avoid selling AMD, 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. Stop Loss is placed a few points below 1.618 fib extension.

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.

AMD Elliott Wave 1 Hour Chart 07.21.2025​

The stock extended lower into the Blue Box area and found buyers, just as expected. AMD stock has staged a strong rally toward new highs . As long as price holds pivot at 149.27 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/advanced-micro-devices-amd-stock/

 

[Elliottwave-Forecast]

The GBPUSD is trading in higher high sequence from 9.22.2022 low in weekly. The bounce is corrective Elliott Wave sequence & expect further upside. It favors pullback in proposed 7 swings from 7.01.2025 high & extend into 1.3162 - 1.2898 area, while below 7.23.2025 high. It should find buyers in to extreme area for next leg higher in daily or at least 3 swings bounce. In 4-hour, it started correcting lower from 7.01.2025 high. It ended W at 1.3362 low of 7.16.2025 & X at 1.3589 high of 7.23.2025 each in 3 swings. Below X high, it favors downside in Y in 3 swings as it broke below 7.16.2025 low, expecting into extreme area. Within W, it ended ((a)) at 1.3523 low, ((b)) at 1.3620 high & ((c)) at 1.3362 low. Above there, it placed ((a)) at 1.3486 high, ((b)) at 1.3371 low & ((c)) as X connector at 1.3589 high. The double correction unfolds in 3-3-3 structure, which will completes, when current bounce fail below 7.23.2025 high to new low into extreme area. It ended ((a)) of Y into 0.618 - 0.764 Fibonacci extension area of W & expect 3 or 7 swings bounce in ((b)).

Below X high, it placed ((a)) of Y at 1.3305 low & favors bounce in ((b)) in 3 or 7 swings against 7.23.2025 high. Within ((a)), it ended (i) at 1.3528 low, (ii) at 1.3563 high, (iii) at 1.3413 low, (iv) at 1.3543 high & (v) at 1.3305 low. Above there, it favors bounce in (a) of ((b)) and expect small upside before it should pullback in (b). The next pullback in (b) should stay above 1.3305 low choppy price action before continue upside in (c). Ideally, ((b)) can bounce between 1.3413 - 1.3481 area as 0.382 - 0.618 Fibonacci retracement of ((a)) before continue lower. Wave ((b)) bounce expect to fail below 1.3591 high before extend lower in ((c)) into 1.3162 - 1.2898 to finish double correction. Because of higher high in daily since September-2022 low, it should find buyers in extreme area to resume higher. It expects sideways to higher until FOMC event followed by selloff, while bounce fail below 7.23.2025 high. We like to buy the pullback into extreme area for next leg higher or at least 3 swings reaction.

GBPUSD - 60-Minute Elliott Wave Technical Chart:

Source: https://elliottwave-forecast.com/news/gbpusd-elliott-wave-bounce-fail-support/

 

[Elliottwave-Forecast]

The USDJPY pair exhibits an incomplete bullish sequence originating from the April 22, 2025 low, signaling potential for further upside. We can project the extreme target area for this rally can be projected using using the 100% to 161.8% Fibonacci extension from the April 22 low. This places the target range between 150.88 and 156.33. The ongoing rally from the May 27, 2025 low is unfolding as a double three Elliott Wave structure. This structure has two zigzag corrective structure driving the upward momentum.

From the May 27 low, wave W concluded at 148.03. A corrective pullback in wave X then followed, which bottomed at 142.67. Currently, wave Y is in progress, with internal subdivision as a zigzag pattern. From the wave X low, wave ((a)) peaked at 149.18, followed by a corrective wave ((b)) that unfolded as a zigzag. Within this structure, wave (a) ended at 147.81 and wave (b) reached 149.08. Wave (c) completed at 145.87, finalizing wave ((b)) in the higher degree. The pair has since resumed its ascent in wave ((c)), developing as a five-wave impulse.

From wave ((b)), wave (i) concluded at 148.71, with a minor pullback in wave (ii) at 147.79. In the near term, as long as the pivot low at 145.87 holds, dips are expected to attract buyers in a 3, 7, or 11-swing corrective pattern, supporting further upside toward the Fibonacci extension targets.

USDJPY - 60-Minute Elliott Wave Technical Chart:

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Source: https://elliottwave-forecast.com/ne...tive-usdjpy-targets-completion-7-swing-rally/

 

[Elliottwave-Forecast]

In recent years, the USDCNH paused its long-term attempt to strengthen against the USD. Back in February 2014, it found support at 6.0153, marking wave ((III)). What followed was textbook Elliott Wave: a zig-zag corrective structure that reached equal legs at 7.1964 in September 2019.

At that point, many expected the downtrend to resume. But renminbi had other plans.

Instead of continuing lower, the pair broke above the 7.1964 high, invalidating the simple correction thesis and hinting at something deeper: a double correction structure.

What does this mean?

• The break above 7.1964 suggests the renminbi is undergoing a complex correction, not a trend reversal.
• This opens the door to further upside in the short-to-medium term, before any sustained strengthening resumes.
• Traders should watch for internal wave subdivisions and confirmation of the second corrective leg.

When a zig-zag fails to hold, expect complexity. Double corrections often trap trend followers, structure matters more than sentiment.

USDCNH July 2023 Weekly Chart​

Since July 2023, USDCNH has extended its complex correction. After wave (w) peaked at 7.1974, the pair dropped in an expanded flat for wave (x), ending with a diagonal bounce from 6.3058. Momentum shifted quickly, wave "a" impulsed to 7.3748, breaking above wave (w) and confirming the bullish sequence. Wave "b" retraced to 6.6883 before price resumed higher. USDCNH is targeting the 7.4866–7.7646 zone to complete wave "c", wave (y), and wave ((IV)), before the renminbi resumes its broader downtrend.

USDCNH March 2025 Weekly Chart​

In March 2025, USDCNH rallied in wave (1) of ((3)), reaching the 7.3700 high. The move showed strength, but failed to break new highs, an early sign of hesitation. A pullback followed, likely wave (2) of ((3)), as the dollar posted its worst quarterly drop since 1973. Despite the dollar’s sharp depreciation, USDCNH didn’t mirror the move. This divergence suggests underlying strength in the renminbi’s corrective structure. The pair held firm, preserving its bullish sequence.

USDCNH July 2025 Weekly Chart​

The weekly chart shows a clear breakout above the 2022 highs. This signals more upside ahead. The move broke out in a corrective fashion. Wave (2) formed an expanded flat, as you can watch on the chart. As long as USDCNH stays above wave 'b' at 6.6883, we expect bullish continuation. Why use the lows of wave 'b' and wave ((2)) as pivots? Because until price breaks above wave B’s high, we can’t rule out an expanded flat for wave ((2)). For now, we stay bullish. We expect wave (3) of ((3)) to lead the next rally. Our target remains 7.4866–7.7646. That zone would complete the correction that began in 2014.

Source: https://elliottwave-forecast.com/forex/usdcnh-resuming-bullish-path-toward-7-76/