Elliott Wave Analysis by EWF

[Elliottwave-Forecast]

Natural Gas has been showing some interesting price action lately, and for traders who use Elliott Wave analysis, the current setup is worth a closer look. The market has been moving through a double three correction characterized by a series of lower lows and lower highs. Both the daily and 4-hour charts suggest we might be approaching a turning point. Instead of guessing where price might go next, Elliott Wave helps us understand the structure behind the moves—giving us a clearer idea of what could be coming. In this post, we’ll break down what the wave counts are showing on both timeframes, highlight key levels for traders and highligh invalidaion level for the wave count. We will also explain why patience might be the smartest move right now. Let’s take a look at the charts and see what they’re telling us.

Natural Gas Daily Elliott Wave Analysis September 25, 2025​

The chart below highlights a year-long rally in Natural Gas from the March 2024 low to the March 2025 peak, unfolding in a clear 5-wave impulsive structure. Within this move, we count 21 distinct swings, supported by momentum divergence between waves (3) and (5)—a classic sign of an impulse wave nearing completion. As per Elliott Wave guidelines, a 5-wave advance is typically followed by a corrective phase in 3, 7, or 11 swings. The initial pullback from the peak took the form of a Zigzag correction, bottoming at $2.967 on April 24, 2025. While this could have marked the end of the correction, the subsequent rally failed to hold, unfolding in just 3 waves and breaking below the $2.967 low on August 12. This breakdown created a 5-swing decline from the March 10 peak, which remains incomplete since corrective sequences unfold in 3, 7, or 11 swings. Based on this structure and the incomplete sequence, we anticipate one more swing lower toward the $2.100–$1.619 zone to complete the 7-swing correction. From there, Natural Gas could resume its larger bullish trend. A break below August 22 low ($2.622) is needed to confirm the last swing lower has started. Until then, a double correction higher in wave B can't be ruled out [Ref alternate view below]

Please note, a break below the March 2024 low at $1.494 would invalidate this outlook and suggest a deeper correction is underway.

Natural Gas Daily Elliott Wave Analysis September 25, 2025 [ALT VIEW]​

The chart below shows an alternate scenario where wave B is forming as a double correction. In this view, we expect one more push higher before the final move down begins. Price could retest the descending trend line, which connects the highs from March 10 and June 20, 2025. The zone between $3.342 and $3.478 represents the 100%–123.6% Fibonacci extension of wave ((w)) compared to wave ((x)). This is a typical area where wave ((y)) could complete. If price reaches this zone and starts to turn lower, it may confirm the end of the correction and signal the next leg down.



Source: https://elliottwave-forecast.com/commodities/natural-gas-downside-buyers/

 

[Elliottwave-Forecast]

The VanEck Semiconductor ETF (SMH) trades within the forecasted extreme zone of 309.83 to 353.03, showing signs of technical overheating. Analysts expect an average 12-month price target of 343.93, with bullish projections reaching up to 451.50. Strong demand for semiconductors—driven by AI, electric vehicles, and cloud infrastructure—continues to push momentum. All major moving averages, from the 10-day to the 200-day, point to a “Buy” signal. At the same time, indicators like RSI and STOCH suggest overbought conditions. Traders should watch for signs of consolidation or a pullback before the next leg higher.

From October 2025 into early 2026, SMH’s direction depends on interest rate trends, chip supply dynamics, and earnings from top holdings such as NVIDIA, TSMC, and Broadcom. The ETF holds a “Moderate Buy” rating, backed by 22 buy recommendations and 4 holds. While long-term growth in semiconductors looks solid, short-term risks may surface from global tensions or cyclical shifts. New investors might wait for clearer support levels or a dip before entering. Those already in the trade could protect gains by trimming positions or setting stop-loss levels as SMH moves through this high-risk zone.

Elliott Wave Outlook: SMH Daily Chart May 13th​

SMH recently completed a complex double correction (w, x, y), confirming the shift from a failed zigzag (a, b, c) to a deeper structural reset. The breach of wave ((A)) by wave ((C)) and the August 2024 low signaled this transition early, with wave w ending at 200.49, wave x peaking at 269.66 through two diagonal formations, and wave y bottoming at 170.11—right within the Fibonacci extension zone of 186.80 to 167.22. From that low, SMH began a clear impulsive move upward, reinforcing the bullish outlook. As the structure unfolded, corrections in 3, 7, or 11 swings were expected to support the trend. Therefore, buying the dips was the preferred strategy while momentum was holden.

We analyzed to focus on the 309.83 to 353.03 zone as a likely target for wave (V) to complete. This range marks a critical threshold where bullish exhaustion could trigger a broader market correction. With the impulse in motion and technical patterns aligning, traders should stay alert for signs of topping behavior once SMH approaches this zone. The setup favors continued upside in the near term, but disciplined risk management will be key as the ETF enters historically reactive levels.

Elliott Wave Outlook: SMH Daily Chart September 27th​

SMH continues to push through a strong impulsive structure. All signs suggest wave V is already in motion. The weekly chart hints at wave III still unfolding, but we are going to assume a conservative mood for now. The structure from the 170.11 low remains solid. Bullish momentum dominates unless proven otherwise. We expect wave ((3)) to peak by late September. A swift correction in wave ((4)) may follow through October. If the pattern holds, November and December could bring a final rally. A broader reset may begin in early 2026.

SMH now trades inside the critical 309.83–353.03 zone. This area often signals exhaustion and potential reversal. Traders must stay alert and act with precision. The wave V structure looks clean and actionable. The strategy remains simple: buy dips after corrections in 3, 7, or 11 swings. Momentum still favors the bulls, but risk increases inside this zone. A sharp correction could unfold at any moment. Watch for signs of topping or failed breakouts. Discipline and tactical awareness are essential. Ride the impulse while it lasts but stay ready to pivot.

Source: https://elliottwave-forecast.com/stock-market/extreme-smh-hold-take-profits/

 

[Elliottwave-Forecast]

The GDXJ (VanEck Junior Gold Miners ETF) tracks a market-cap-weighted index of global junior gold and silver mining companies, offering investors exposure to smaller, high-growth potential firms in the precious metals sector. Recent Elliott Wave analysis suggests GDXJ is in a bullish phase, with the monthly chart indicating a grand super cycle wave ((II)) low at $17.94, followed by an impulsive wave (III) driving the ETF higher, currently supported by a daily chart showing wave III in progress from a $26.10 low, with expectations of further upside as long as key pivots hold. In this article, we will explore the long term Elliott Wave technical path of the ETF.

GDXJ Monthly Elliott Wave View​

The monthly Elliott Wave chart for the $GDXJ (Junior Gold Miners ETF) indicates that the grand super cycle wave ((II)) concluded at $17.94. The ETF has since turned upward, exhibiting a nested Elliott Wave impulse structure. From the wave ((II)) low, wave (I) peaked at $52.50, followed by a pullback in wave (II) to $19.52. The ETF has resumed its ascent in wave (III). From the wave (II) low, wave I reached $65.95, with a subsequent pullback in wave II ending at $25.80. As long as the $17.94 pivot low holds, the ETF is expected to continue its upward trajectory.

GDXJ Daily Elliott Wave View​

The daily Elliott Wave chart for the GDXJ (Junior Gold Miners ETF) indicates that wave II concluded at $26.10. Wave III is currently unfolding as a five-wave impulsive Elliott Wave structure. From the wave II low, wave ((1)) peaked at $55.58, followed by a wave ((2)) pullback to $41.85. The ETF has since resumed its upward move in wave ((3)), displaying another impulsive structure. From the wave ((2)) low, wave (1) reached $66.80, with wave (2) dips ending at $57.40. In the near term, as long as the $26.10 pivot low remains intact, the ETF is expected to continue extending higher.

Source: https://elliottwave-forecast.com/video-blog/gold-miners-junior-gdxj-strong-nesting-impulse-progress/

 

[Elliottwave-Forecast]

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of EURCAD. In which, the rally from 02 September 2025 low unfolded as impulse sequence & showed a higher high sequence therefore, called for an extension higher to take place. We knew that the structure in EURCAD 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:

EURCAD 1-Hour Elliott Wave Chart From 9.19.2025​

Here’s the 1-hour Elliott wave Chart from the 9.19.2025 Asia update. In which, the rally to 1.6359 high completed small wave (i) & made a pullback in wave (ii). The internals of that pullback unfolded as Elliott wave zigzag correction where small wave a ended at 1.6258 low. Then small bounce to 1.6313 high-ended small wave b. Then started the next leg lower in wave c towards 0.6203- 1.6135 blue box area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum.

EURCAD Latest 1-Hour Elliott Wave Chart From 9.29.2025​

This is the latest 1-hour Elliott wave Chart from the 9.29.2025 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. However, a break above 1.6359 high is needed to confirm the next extension higher towards 1.6404- 1.6476 area minimum & avoid double correction lower.

Source: https://elliottwave-forecast.com/forex/eurcad-bounces-back-reaction-blue-box/

 

[Elliottwave-Forecast]

Iren Ltd, a vertically integrated data center business, is powering the future of Bitcoin and AI with renewable energy. Strategically located across renewable-rich US and Canadian regions, the company has also powered an 850% stock surge since April. This rally decisively shattered previous all-time highs in September, confirming a powerful bullish regime.

Today, we dissect the Elliott Wave pattern fueling this extraordinary move. In addition, our analysis provides a clear technical roadmap with specific targets for its continued ascent. The convergence of strong technical and a clear wave structure creates a compelling opportunity.

Elliott Wave Analysis

IREN's explosive rally from its April 2025 low of $5.13 shows a clear 3-wave advance. This structure confirms an incomplete bullish daily cycle. The stock completed Wave ((1)) at $21.54, then corrected to $14.72 in Wave ((2)). Now, Wave ((3)) extends higher through a series of internal waves.

Currently, wave 5 of (3) targets the $51.86 - $55.64 zone. Following this peak, a Wave (4) pullback should hold above critical support at $39.63. This support level is essential for maintaining the bullish structure and setting up the next rally phase.

Consequently, IREN will extend its bullish cycle until it completes a 5-wave advance from the April low. This action will finalize Wave III. Subsequently, a larger Wave IV correction will unfold. This pullback will then create the next strategic buying opportunity within the daily cycle.

IREN Daily Chart 09.30.2025​

Conclusion​

IREN's robust bullish structure will support the stock through all upcoming pullbacks. Consequently, traders gain strategic opportunities to buy daily and weekly dips. Use our Elliott Wave strategy for optimal timing. Ideally, enter positions after the stock completes a 3, 7, or 11-swing corrective sequence. Furthermore, our extreme Blue Box system pinpoints these entries with high precision. Ultimately, this methodology provides clarity and confidence for capturing the next leg higher.

Source: https://elliottwave-forecast.com/stock-market/iren-bullish-breakout/

 

[Elliottwave-Forecast]

Hello everyone! In today’s article, we’ll examine the recent performance of Financial Select Sector ($XLF) through the lens of Elliott Wave Theory. We’ll review how the rally from the August 01, 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 ETF.

5 Wave Impulse Structure + ABC correction​

​

$XLF 1H Elliott Wave Chart 9.24.2025:​

In the 1-hour Elliott Wave count from Sep 24, 2025, we saw that $XLF completed a 5-wave impulsive cycle at red 1. As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 3 swings, likely finding buyers in the equal legs area between $53.62 and $53.08.

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

$XLF 1H Elliott Wave Chart 6.23.2025:​

The weekend update, from Sep 28, 2025, shows that the ETF bounced as predicted allow longs to get risk free. Currently, it is trading higher in wave ((x)) connector before a double correction takes place. A break above 54.51 will open the next leg higher and negate any lower prices.

Conclusion​

In conclusion, our Elliott Wave analysis of Financial Select Sector ($XLF) suggests that it remains supported against August 2025 lows. As a result, traders should buy the dips and monitor the $56–$58 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]

Hello fellow traders. In this technical article, we are going to present Elliott Wave charts of Dow Futures (YM_F) . As our members know, YM_F has been showing impulsive bullish sequences in the cycle from the August 43456 low, pointing to further strength ahead. We have been calling for a rally in Dow Futures. Recently we got an intraday pullback labeled wave ((iv)), which landed right in the equal‑legs zone. In the following section, we’ll explain our Elliott Wave count and present the target area for wave ((v))

YM_F Elliott Wave 1 Hour Chart 09.25.2025​

Dow futures is currently doing wave ((iv)) black pull back. The correction appears incomplete at this stage. We anticipate further short-term weakness toward the Equal Legs area at 46271-45954 . In that zone, we expect buyers to emerge and initiate another rally toward new highs. Therefore, we recommend avoiding short positions within this area.

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YM_F Elliott Wave 1 Hour Chart 10.02.2025​

The price extended downward into the marked equal legs area, where YM_F found buyers as expected and has already shown a reaction. At this stage, we count the pullback as wave ((iv)), completed at the 46100 low. As long as price remains above that level, we are likely in wave ((v)), targeting the 47281-47646 zone. Alternatively, if the 46,100 low is broken before a new high is made, we’ll likely see a deeper pullback. In that case, we’ll measure a new equal-legs zone to identify the next buying area and update our members in the 24H chat room about it.

Reminder for members: Please keep in mind that the market is dynamic, and the presented view may have changed in the meantime. 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/elliottwave/dow-futures-ym_f-elliott-wave-3/

 

[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 DAX. The Index 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.

DAX Elliott Wave 4 Hour Chart 09.25.2025​

DAX is forming a 3-wave pullback against the 18,472 low, unfolding as a Double Three pattern. The extreme zone ,Equal Legs — has already been reached at the 23,314.69–22,549.92 area, where we are looking to re-enter as buyers. Minimum requirements are already met, and we have entered long positions at the Equal Legs 23,314.69 area. We recommend that members avoid selling DAX. We expect 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 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.

DAX Elliott Wave 4 Hour Chart 10.01.2025​

DAX found buyers as expected at the Blue Box area, making decent bounce. The price has reached and exceeded 50 fibs from the X red 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 above the last low 23,278 low we count (4) blue correction completed. Wave (5 ) can be in progress toward new highs, targeting 24,946- 25,459 area.

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/dax-trading-setup-buying-blue-box/

 

[Elliottwave-Forecast]

The Global X Uranium ETF ($URA) offers investors a way to invest in a basket of global companies involved in the uranium mining and nuclear components industry. As a thematic fund, it seeks to benefit from the growing demand for nuclear energy as a clean power source. URA holds a diversified portfolio of companies involved in the full uranium value chain, from extraction and refining to exploration and equipment manufacturing. Below we will look at the Elliott Wave technical update for the ETF.

URA Elliott Wave Chart Monthly Chart​

Monthly Elliott Wave chart of Uranium Miners ETF (URA) above suggests it has ended wave ((II)) Grand Super Cycle degree at $6.95. The ETF has started a new bullish cycle in impulsive structure with extension. Up from wave ((II)), wave I ended at $31.6 and pullback in wave II ended at $17.65. It has nested higher with wave ((1)) ended at $33.66 and wave ((2)) dips ended at $19.5. While above $6.95 low, expect the ETF to extend higher.

URA Daily Elliott Wave Chart​

The daily chart of the $URA ETF above shows rally from wave ((2)) low on April 7, 2025 low is unfolding as an impulsive structure. Up from there, wave (1) ended at $42.22 and pullback in wave (2) ended at $35.64. As far as pivot at $19.5 low is holding, expect the ETF to extend higher.

Source: https://elliottwave-forecast.com/stock-market/uras-breakout-uranium-miners-etf-rally-gains-steams/

 

[Elliottwave-Forecast]

Hershey (NYSE: HSY) shows a bullish Elliott Wave structure indicating that the correction may have ended, and a new upward cycle could soon resume.​

The Hershey Company (NYSE: HSY) is showing early signs of strength after months of decline. Based on Elliott Wave Theory, the long-term chart suggests that the correction may have ended and a new uptrend could start soon.

From the early 2000s, HSY moved higher in a clear five-wave advance. This strong rally finished at the 2023 peak near $275, marking the end of wave (I). After that, the price pulled back in a W-X-Y corrective pattern. This decline formed wave (II), which helped the market reset before the next possible rally. The correction stayed well above the invalidation level at $29.78, keeping the long-term bullish view valid.



Now, the stock trades near $190–200, where it is showing early support. The Elliott Wave forecast expects prices to rise from this zone and move toward new highs in the next few years. Analysts note, “We do not recommend selling,” which highlights the positive bias for HSY. As long as the price holds above key support, the bullish trend should remain in play.

Summary:​

In summary, Hershey’s chart suggests that the market has completed its correction phase. Therefore, investors can watch for confirmation of a new impulsive rally. The area near the recent lows offers an attractive long-term buying zone, especially for those who trade in the direction of the main trend.

Source: https://elliottwave-forecast.com/st...ysis-bullish-setup-suggests-next-rally-ahead/

 

[Elliottwave-Forecast]

Humana (NYSE: HUM) shows signs that its large wave IV correction is almost complete, hinting at the next major bullish cycle ahead.​

Humana Inc. (NYSE: HUM) has spent the last few years correcting after a long and strong rally. The chart shows that the company completed a major five-wave advance from the early 2000s. That move ended in wave III around 2022, marking the top of a powerful bullish cycle.

After the completion of wave III, the market entered a wave IV correction, which is unfolding as a complex (A)-(B)-(C) pattern. In Elliott Wave theory, wave IV typically serves to correct the strong advances of wave III and allows the market to reset before the next rally. This correction often takes more time and can appear choppy or sideways, as we see on Humana’s chart.



So far, wave (A) formed the initial sharp decline, wave (B) created a partial recovery, and now wave (C) is expected to complete the correction inside the blue box between the 0.382 (155.66) and 0.618 (68.81) Fibonacci retracement levels. This blue zone represents the area where buyers usually return, ending the correction and starting a new impulsive phase higher.

The stock currently trades near $290, staying well above the invalidation level at $4.76, which keeps the bullish long-term structure valid. The annotation “Turning Up” reinforces the idea that the market is preparing to resume its uptrend.

Conclusion:​

In conclusion, the wave IV correction in Humana seems mature and may soon finish. Once wave (C) completes inside the blue box, the next major wave V rally could begin, aiming for new highs over the next few years. As long as the stock holds above key support, the overall Elliott Wave picture remains constructive — and analysts continue to emphasize, “We do not recommend selling.”

Source: https://elliottwave-forecast.com/st...recast-wave-iv-correction-nearing-completion/

 

[Elliottwave-Forecast]

Hello traders and welcome to a new blog post. In this one the spotlight will be on the EURNZD currency pair. This pair has been in a long-term bullish sequence since February 2017. Thus, it makes for an interesting instrument to add to the watch list. Is a setup imminent?

EURNZD continues to rise in a long-term bullish sequence from April 2015. Consequently, the long-term target lies between 2.1620 and 2.3900. However, the bullish cycle from February 2017 is corrective. It retraces the bearish impulse that unfolded between February 2009 and April 2015.

Eventually, when this long-term bullish phase ends, the pair should resume the broader bearish trend from February 2009. Still, traders should avoid trying to pick the top. Doing so is like catching a falling knife. Instead, it is safer to trade with the trend. Therefore, traders can keep buying alongside the ongoing corrective phase until the price reaches the 2.1620–2.3900 area, where bearish risk will likely grow stronger.

EURNZD Elliott Wave Analysis- Long term view​

The first leg of the corrective cycle began in April 2015 and ended in March 2020, forming a double zigzag. Hence, it is labeled as wave (w) of the supercycle degree on the weekly chart shared with ElliottWave-Forecast.com members. Next, the connector wave (x) of the same degree fell from March 2020 to April 2022. From there, the third leg—wave (y)—started to advance. Interestingly, this wave (y) is unfolding as another double zigzag structure.

Wave w of (y) ended in August 2024, followed by wave x of (y) in September 2024. From that low, wave ((W)) of y of (y) finished at the April 2025 peak. Soon after, wave ((X)) ended the following month. Since then, a clean impulse has started for wave (A) of ((Y)) of y of (y). It extended to a new high within the larger cycle from February 2009. The H4 chart below highlights the sub-waves of wave (A).

EURNZD H4 Chart Analysis​

The EURNZD H4 chart above shows waves 1, 2, 3, and 4 of wave (A). Admittedly, this count could be interpreted in two or three different ways. However, every trader can agree on one thing — the pair is in a clear impulsive sequence. Since the February 2009 cycle has not yet reached its extreme, traders can still look for long opportunities from the extremes of a 3, 7, or 11-swing pullback. Moreover, selling such a strong bullish market is not ideal.

Therefore, the ongoing pullback in wave 4 could provide another excellent buying opportunity, especially near the extreme of a possible 7-swing structure. We will continue to monitor this setup and mark the blue box area, where buyers can look to enter with defined stops.

Members know the blue box highlights the high-probability buy zone and the ideal area to place protective stops.

Source: https://elliottwave-forecast.com/forex/eurnzd-elliott-wave-bullish-setup/

 

[Elliottwave-Forecast]

TJX Companies, Inc., (TJX) operates as an off-price apparel & home fashions retailer in Unites States, Canada, Europe & Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada & TJX International. It sells products through stores & e-commerce sites. It comes under Consumer Cyclical sector & trades as “TJX” ticker at NYSE.

TJX rallied to new high as expected in impulse V proposed in last article against 3.13.2025 low. Short term, it expects rally towards $148.10 to finish proposed diagonal in ((1)) of V, while above 8.26.2025 low. We like to buy the next correction in 3, 7 or 11 swings in ((2)) later against March-2025 low.

TJX - Elliott Wave Latest Daily View:​

In Weekly, it started ((III)) bullish sequence from March-2020 low of $32.72. It placed (I) impulse at $77.35 high & (II) at $53.69 low as 0.5 Fibonacci retracement in May-2022 low. Above there, it favors upside in (III) & expect at least one or few more highs above 3.13.2025 low. Chasing at this level should be cautious. Within (III), it placed I at $64.84 high, II at $54.55 low, III at $128 high as extended wave, IV at $112.10 low & favors rally in V. Within III, it placed at ((1)) at $69.77 high, ((2)) at $59.78 low, ((3)) at $121.13 high, ((4)) at $111.22 low & ((5)) at $128 high. It ended IV in zigzag correction. Above IV low of $112.10, It favors rally in ((1)) of V & expect one more push higher against 8.26.2025 low before correcting in ((2)).

TJX - Elliott Wave Latest Weekly View:​

Within ((1)), it placed (1) at $1385.85 high as diagonal, (2) at $119.84 low, (3) at $145.58 high, (4) at $134.75 low & favors upside in (5). Because of (4) overlaps with (1), it either extending in diagonal to finish ((1)) above $145.58 before correcting in ((2)). Alternatively, it can be nesting in (3) of ((3)), while placed ((2)) at 7.16.2025 low, if rally erasing momentum divergence. In either the case, we like to buy the next pullback in 3, 7 or 11 swings pullback, while holding price trendline & March-2025 low. Even it can be (4) pullback, if breaks below 8.26.2025 low, without breaking above 8.20.2025 high to correct 7.16.2025 low.

TJX - Elliott Wave View From 6.09.2025:​

Source: https://elliottwave-forecast.com/stock-market/tjx-elliott-wave-points-upside-pullback/