Elliott Wave Analysis by EWF

[Elliottwave-Forecast]

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of CADJPY Forex pair published in members area of the website. As our members know CADJPY is bullish against the 105.166 pivot and we prefer the long side. Recently the pair made a clear three-wave correction. The pull back completed as Elliott Wave Double Three pattern and made rally as expected. In this discussion, we’ll break down the Elliott Wave pattern and forecast.

Elliott Wave Double Three Pattern

Double three is the common pattern in the market , also known as 7 swing structure. It’s a reliable pattern which is giving us good trading entries with clearly defined invalidation levels.
The picture below presents what Elliott Wave Double Three pattern looks like. It has (W),(X),(Y) labeling and 3,3,3 inner structure, which means all of these 3 legs are corrective sequences. Each (W) and (Y) are made of 3 swings , they’re having A,B,C structure in lower degree, or alternatively they can have W,X,Y labeling.

CADJPY Elliott Wave 4 Hour Chart 10.15.2025​

CADJPY is forming a pullback against the 105.166 low. The correction remains incomplete at this time. The first leg shows a clear 3-wave structure ((w))–((x))–((y)) in black, followed by a 3-wave bounce in the red X leg. We expect to see another leg lower to complete the 3-wave pattern within the red Y leg as well. We advise against selling $CADJPY and instead favor the long side.

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.

CADJPY Elliott Wave 4 Hour Chart 10.30.2025​

CADJPY found buyers as expected. The forex pair has reacted strongly and eventually we got a break toward new highs. Now, intraday pull backs should ideally keep finding buyers as far as 106.195 pivot holds.

Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts with target levels in the membership area of the site. 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

New to Elliott Wave ? Check out our Free Elliott Wave Educational Web Page and download our Free Elliott Wave Book.

Source:​

 

[Elliottwave-Forecast]

NXP Semiconductors N.V. (NASDAQ: NXPI) shows a strong long-term bullish setup according to Elliott Wave analysis. The monthly chart suggests that the stock completed a large corrective structure and has now entered a new bullish phase. The company, a key global player in the semiconductor industry, appears ready to extend its uptrend as long as it stays above key support levels.

The rally from the 2011 low unfolded as a clear five-wave impulse, completing wave (I) in early 2020 peak. After that, the price corrected very sharp and deeply in wave (II) and concluded around $58.32, which serves as the invalidation level for the current strcutre. This means that the long-term bullish outlook remains valid as long as the price holds above this level.

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Early Stages of a Powerful Third Wave Advance:​

After finishing wave (II), NXP Semiconductors began a new upward phase within wave (III). Inside this wave, the stock has already completed subwaves ((1)) and ((2)), suggesting that wave ((3)) is now in progress. In Elliott Wave theory, wave ((3)) is often the strongest and longest wave of an impulsive cycle. The Fibonacci extension targets for wave ((3)) fall between $613 and $1471, implying a potential 2x to 6x upside from current levels. This range aligns with the 100%–161.8% Fibonacci extension of wave ((1)), giving a clear technical target zone for long-term investors.

From a fundamental perspective, NXP Semiconductors continues to benefit from the rising demand for automotive chips, 5G infrastructure, and Internet of Things (IoT) devices. As more industries adopt semiconductor technology, the company’s diverse portfolio and strong R&D focus provide a significant edge.

These favorable trends support the Elliott Wave structure, reinforcing the potential for accelerated upside momentumduring wave (III).

Conclusion:​

In summary, NXP Semiconductors (NASDAQ: NXPI) maintains a clear bullish Elliott Wave structure. As long as the stock trades above $58.32, the trend remains positive. The start of a new impulsive wave suggests potential for long-term gains, making the right side of the market favorable for buyers.

Source: https://elliottwave-forecast.com/st...ok-wave-iii-targets-massive-upside-potential/

 

[Elliottwave-Forecast]

Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) operates as the world's leading semiconductor foundry, powering the global AI and computing evolution. As demand for advanced chips surges, the stock has broken into new high territory, confirming a powerful bullish cycle is now in force.

Today, we decode the Elliott Wave pattern driving this strategic breakout. Furthermore, our analysis provides a clear technical roadmap with specific targets for its continued ascent. The convergence of strong sector momentum and a clear wave structure creates a compelling technical opportunity.

Elliott Wave Analysis

TSM began its rally from the 2022 low, unfolding in a clear three-wave structure. First, wave I peaked at $226.40. Then, wave II pulled back sharply to $134.25. Afterward, the stock surged to new all-time highs, entering wave III. Notably, wave III also displays a three-wave advance, now entering the equal legs zone between $301.59 and $341.06.

At this stage, TSM should see further upside to complete the five-wave sequence of wave III by the end of 2025 or in early Q1 of 2026. After that, a corrective wave IV pullback may follow presenting another buying opportunity. Eventually, the bullish cycle could resume, targeting the 1.618 Fibonacci extension near $404.

TSM Weekly Chart 10.20.2025​

Conclusion​

TSM shows a strong bullish sequence on the weekly chart. Therefore, investors should treat pullbacks as strategic buying opportunities. Use our Elliott Wave strategy to time entries with precision. Enter after the stock completes a 3-, 7-, or 11-swing correction. Moreover, our proprietary Blue Box system highlights high-probability zones with exceptional accuracy. As a result, this disciplined approach offers clarity and confidence to capture the next bullish leg.

Source: https://elliottwave-forecast.com/video-blog/tsm-impulse-wave/

 

[Elliottwave-Forecast]

Pan American Silver Corp. (PAAS) is one of the world’s largest primary silver producers. It has a diversified portfolio of mining operations across the Americas.
With a headquarter in Vancouver, Canada, Pan American Silver was founded in 1994. It has grown through strategic acquisitions and exploration to operate mines in Mexico, Peru, Bolivia, Argentina, and Canada. Below we will look at the Elliott Wave technical outlook of the company.

PAAS Monthly Elliott Wave Chart​

The monthly Elliott Wave chart of Pan American Silver (PAAS) confirms a Super Cycle wave ((II)) low at $5.70. From that generational pivot, the stock has launched into a robust Super Cycle wave ((III)) advance. Wave (I) of ((III)) culminated at $40.11 and wave (II) found firm support at $12.16. Wave (III) is now in force — having convincingly cleared the wave (I) peak and signaling the next explosive leg is underway. Every dip within wave (III) should attract buyers. As long as price remains above the $5.70 Super Cycle invalidation level, favor longs on weakness; the path of least resistance remains sharply higher in months and years to come.

PAAS Daily Elliott Wave Chart​

The daily Elliott Wave analysis of Pan American Silver (PAAS) shows a classic five-wave impulse that originated from the February 13, 2024, low. Wave I terminated at $27.47, after which wave II retraced to a decisive support at $20.55. The advance has since transitioned into a wave III, characterized by nested impulses that consistently absorb selling pressure.

Within wave III, wave ((1)) concluded at $28.60, followed by a wave ((2)) correction to $22.08. Wave ((3)) higher ended at $42.57 and pullback in wave ((4)) is likely complete at $33.75. Wave ((5)) higher — and by extension the entirety of wave III—is presently unfolding to the upside. As far as pivot at $20.55 remains intact, pullback should find support after three, seven, or eleven swings.

Source: https://elliottwave-forecast.com/video-blog/pan-american-silver-paas-ready-to-extend/

 

[Elliottwave-Forecast]

AppLovin Corporation (NASDAQ: APP) operates a leading marketing platform that fuels mobile app growth through advanced AI and machine learning. The company has demonstrated exceptional performance, with its stock breaking decisively into new high territory and confirming a powerful bullish trend.

Today, we analyze the Elliott Wave structure behind this impressive breakout. Our technical blueprint outlines precise pathways and upside targets for the next leg of this rally, highlighting a compelling opportunity driven by strong technical momentum.

Elliott Wave Analysis

Applovin started 2025 with weakness. However, the stock rallied into new all-time highs by Q3’s end. Since April, APP climbed in a three-wave move, signaling wave III remains active. The bullish sequence still looks incomplete.

As long as price holds above wave ((4)) low at $545, APP should extend higher in wave ((5)). The next target zone sits between $793 and $869. After reaching that area, APP may begin a larger wave IV correction which is expected to provide another buying opportunity within the daily cycle against $201 low.

AppLovin (APP) Daily Chart 11.4.2025​

Conclusion​

APP stock shows a strong bullish sequence on the daily chart. Therefore, traders should treat pullbacks as buying opportunities. Use our Elliott Wave strategy to time entries with precision. Enter after a 3-, 7-, or 11-swing correction completes. Additionally, our proprietary Blue Box system highlights high-probability zones with pinpoint accuracy. As a result, this disciplined method gives traders the clarity and confidence to catch the next bullish leg.

Source: https://elliottwave-forecast.com/stock-market/applovin-app-bullish-surge/

 

[Elliottwave-Forecast]

Bloom Energy Corporation., (BE) designs, manufactures, sells & install solid-oxide fuel cell systems for on-site power generation in the United States & globally. It offers Bloom Energy Server to convert different fuels like Natural gas, Biogas, Hydrogen or blended fuel into electricity. It comes under Industrials sector & trades at “BE” ticker at NYSE.

BE is trading in bullish weekly sequence since October-2019 low & expect impulse rally since 2.23.2024 low, while dips remain above 10.22.2025 low. It expects short term rally into $148.7 – $160.64 area to finish wave I. We like to buy the clear pullback in 3, 7 or 11 swings pullback at extreme area.

In weekly, it made all time low of $2.44 in October-2019. After that, it started impulse rally, expecting further upside against 10.22.2025 low. It placed (I) at $44.95 high of February-2021 & (II) at $8.41low of February-2024. Above there, it favors rally in I of (III) & expect further upside against 10.22.2025 low. It placed ((1)) of I at $29.82 high on 1.24.2025 & ((2)) at $15.15 low as 0.618 Fibonacci retracement on 4.09.2025 low. Above there, it placed ((3)) at $125.75 high on 10.15.2025 & ((4)) at $88.23 low on 10.22.2025 low as around 0.382 Fibonacci retracement. Within ((3)), it ended (1) at $29.44 high, (2) at $24.04 low, (3) at $86.89 high, (4) at $61.37 low & (5) at $125.75 high.

BE - Elliott Wave Latest Daily View:​

Above ((4)) low, it rallies in ((5)) & expect short term upside into $148.7 – $160.64 area to finish I as showing momentum divergence. It already reached the minimum extension area, yet can see extend more before correcting in II. Currently, it favors rally in (1) of ((5)) & expect minor upside before pullback starts in (2). Do not like selling it in any pullback. As long as the pullback in (2) remain above 10.22.2025 low, it should see two more highs to finish ((5)). If it extends higher & broke above $160.64 level, then it can extend up to $205.4 to finish ((5)), while momentum divergence remains intact. We like to buy the next pullback in II in 3, 7 or 11 swings pullback.

Source: https://elliottwave-forecast.com/stock-market/be-expects-rally-between-160-205/

 

[Elliottwave-Forecast]

Hello everyone! In today’s article, we’ll examine the recent performance of S&P 500 ETF ($SPY) through the lens of Elliott Wave Theory. We’ll review how the rally from the October 2025 low unfolded as a 5-wave impulse followed by a 7-swing correction (WXY) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this ETF.

5 Wave Impulse + 7 Swing WXY correction​

$SPY 1H Elliott Wave Chart 11.03.2025:​

In the 1-hour Elliott Wave count from Nov 03, 2025, we saw that $SPY completed a 5-wave impulsive cycle at blue (iii). As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 7 swings, likely finding buyers in the blue box equal legs area between $676.59 and $670.38.

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

Conclusion​

In conclusion, our Elliott Wave analysis of S&P 500 ETF ($SPY) suggests that it remains supported against October 2025 lows. As a result, traders should keep an eye out for any corrective pullbacks that may offer entry opportunities. By applying Elliott Wave Theory, traders can better anticipate the structure of upcoming moves and enhance risk management in volatile markets.
Source: https://elliottwave-forecast.com/st...py-blue-box-area-offers-a-buying-opportunity/

 

[Elliottwave-Forecast]

Hello fellow traders,

In this technical article, we are going to present Elliott Wave charts of AUDJPY Forex pair . As our members know, the pair is showing a 3-wave pullback against the 96.23 low, taking the form of an Elliott Wave Zigzag structure.In the following sections, we will explain the Elliott Wave pattern and analysis, along with the potential targets.

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.

​

AUDJPY 1-Hour Elliott Wave Analysis 11.05.2025​

AUDJPY ended the cycle from the 96.23 low as a 5-wave structure. The pair is now in the process of correcting that cycle. So far, we can count 5 waves in the decline, which suggests that the pullback remains incomplete.

The 5-wave drop from the peak indicates that we may have only completed the first leg of the correction. We expect to see a 3-wave bounce in wave ((b)), followed by another leg lower in wave ((c)) black.

Wave ((b)) typically completes within the 50%–61.8% Fibonacci retracement zone, which in this case comes in around the 100.017–100.293 area. In that zone, we expect sellers to appear again for another leg down in wave ((c)).

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.

AUDJPY 1-Hour Elliott Wave Analysis 11.07.2025​

AUDJPY completed a 3-wave bounce in wave ((b)) black, right within the 50%–61.8% Fibonacci retracement zone (100.017–100.293), as expected. From that area, the pair experienced a sharp decline.

While below the 100.40 high, we can count wave ((b)) as completed, and the pair can continue trading lower within wave ((c)). The next potential target area for buyers is seen at 97.97 -97.48.

Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts with target levels in the membership area of the site. 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

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



Source: https://elliottwave-forecast.com/forex/audjpy-elliott-wave-update-zigzag/

 

[Elliottwave-Forecast]

Hello fellow traders. In this technical article, we are going to present Elliott Wave charts of IBEX index . As our members know, IBEX has been showing impulsive bullish sequences in the cycle from the August 13739.3 low, pointing to further strength ahead. We have been calling for a rally in IBEX. Recently we got an intraday pullback which landed right in the equal‑legs zone. In the following section, we’ll explain our Elliott Wave forecast

IBEX Elliott Wave 1 Hour Chart 11.04.2025​

IBEX is currently undergoing a wave (iv) pullback. The correction has reached the extreme zone at 15,816.7–15,618.12, also known as the Equal Legs zone. In this area, we expect buyers to step in and initiate another rally, either toward new highs or at least a 3-wave bounce. Therefore, we recommend avoiding short positions within this zone and favoring the long side

Nearly 90% of traders fail because they don’t understand how to read market patterns. Are you among the top 10% who do?

Challenge yourself with this advanced Elliott Wave Test and find out.

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.

IBEX Elliott Wave 1 Hour Chart 11.07.2025​

IBEX made a decent bounce from the Equal Legs zone. Any long positions entered from this area should now be risk-free, with partial profits taken. We don’t favor selling at this point. If the pair breaks the last low, we will look to the next Equal Legs zone as another buying opportunity.

Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts with target levels in the membership area of the site. 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

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/ibex-elliott-wave-analysis/

 

[Elliottwave-Forecast]

Hello traders. As our members know, we’ve been favoring the long side in BTCUSD and have made profitable long setups. However, the structure recently has shown clear incomplete sequences from the peak, suggesting more downside in the near term. In this technical article, we are going to present short term Elliott Wave forecast of Bitcoin, including target areas.

BTCUSD Elliott Wave 1 Hour Chart 11.04.2025​

Let’s take a look at the BTCUSD Elliott Wave chart from November 4th, which we presented to members. Back then, we suggested that Bitcoin still trades within the cycle from the 126,253 all-time high. One reason for that outlook is the new short-term low in crypto, marked by a break below the 106,426 low. ( wave ((i)) black on the chart below). This break shows that the cycle from wave 2 red peak remains incomplete. We expect more downside toward the 101,520–99,243 area (first target). A break below wave 1 red would confirm this view. In that case, the cycle from the all-time high stays incomplete and could extend toward the 94,492–89,249 ( buyers zone).

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.



Source: https://elliottwave-forecast.com/trading/bitcoin-btcusd-elliott-wave-4-2/

 

[Elliottwave-Forecast]

Ford Motor Company (F) has recently demonstrated strong operational momentum, beating Q3 earnings expectations with $0.45 EPS versus the anticipated $0.35. This performance stemmed from robust demand in its truck and hybrid segments, which helped offset ongoing losses in its electric vehicle division. Moreover, Ford’s revenue surged to $50.5 billion, surpassing analyst forecasts. However, despite this upside surprise, management revised its full-year EBIT guidance downward due to a fire at a key Novelis supplier plant, which is expected to cost the company up to $2 billion in lost earnings.

Nevertheless, Ford continues to adapt strategically. The company is shifting EV production to Europe to reduce costs and improve margins, while also benefiting from relaxed U.S. emissions regulations that could lower compliance costs. At the same time, analysts remain cautious. Although the stock trades near its 52-week high, the average price target sits below current levels, signaling limited upside. As a result, investors should weigh Ford’s attractive 6.3% dividend yield and operational resilience against macroeconomic headwinds and execution risks.

Elliott Wave Outlook: Ford (F) Weekly Chart May 2025​

Last time we reviewed F ’s wave count in May, we identified it as being in wave (Y). Since then, we’ve been anticipating a rebound resembling wave B before continuing downward into wave C, which would complete the correction. This scenario remains valid as long as the price stays above 4.02; or alternatively, as long as the market holds below the wave (X) high.

Elliott Wave Outlook: Ford (F) Weekly Chart Nov 2025​

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The current wave has climbed significantly, forming a double correction and still showing potential to break above 13.97. As momentum builds, sellers defend the 14.88 high, which acts as a critical price. For the bearish scenario to remain intact, price must stay below this level and continue toward the 7.79–6.05 zone. However, if the market breaks above 14.88, it would suggest that wave II already ended at the 8.36 low, shifting the structure toward a bullish bias.

Meanwhile, buyers currently hold ground in the 11.86–10.52 area, which serves as a key zone. As long as price remains above this range, the market can attempt to push higher. Nevertheless, if price breaks below this, the probability of revisiting and potentially breaking the 8.36 low increases. This zone becomes the battleground where bulls must defend to sustain upward momentum.

Source: https://elliottwave-forecast.com/stock-market/ford-f-defend-rally-fade-pressure/

 

[Elliottwave-Forecast]

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts of AUDJPY Forex pair published in members area of the website. As our members know AUDJPY is in overall bullish trend. Recently the pair made a clear three-wave correction. The pull back completed as Elliott Wave Double Three pattern and made rally toward new highs.
In this discussion, we’ll break down the Elliott Wave pattern and forecast.

Elliott Wave Double Three Pattern

Double three is the common pattern in the market. It’s a reliable pattern which is giving us good trading entries with clearly defined invalidation levels.
The picture below presents what Elliott Wave Double Three pattern looks like. It has (W),(X),(Y) labeling and 3,3,3 inner structure, which means all of these 3 legs are corrective sequences. Each (W) and (Y) are made of 3 swings , they’re having A,B,C structure in lower degree, or alternatively they can have W,X,Y labeling.

AUDJPY Elliott Wave 1 Hour Chart 10.15.2025​

AUDJPY is forming a double three pull back. The first leg, shows a 3-wave structure ((a)),((b)),((c)) black, followed by a 3-wave bounce in x . We expect to see another 3 waves in y red leg. We advise against selling $AUDJPY and instead favor the long side from the marked equal legs area: 96.268-95.509.

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.

AUDJPY Elliott Wave 1 Hour Chart 10.15.2025​

AUDJPY found buyers at the equal legs zone as expected. The forex pair has reacted strongly and eventually we got a break toward new highs. Now, intraday pull backs should ideally keep finding buyers as far as 96.258 pivot holds. Check out our other AUDJPY technical article on a short-term view.

You can check most recent charts with target levels in the membership area of the site. 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

New to Elliott Wave ? Check out our Free Elliott Wave Educational Web Page and download our Free Elliott Wave Book.



Source: https://elliottwave-forecast.com/forex/audjpy-elliott-wave-double-three-pattern/

 

[Elliottwave-Forecast]

Hello everyone! In today’s article, we’ll examine the recent performance of Invesco NASDAQ ETF ($QQQ) through the lens of Elliott Wave Theory. We’ll review how the rally from the April 21, 2025 low unfolded as a 5-wave impulse followed by a 7-swing correction (WXY) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this ETF.

5 Wave Impulse + 7 Swing WXY correction​

$QQQ 1H Elliott Wave Chart 11.07.2025:​

In the 1-hour Elliott Wave count from Nov 07, 2025, we saw that $QQQ completed a 5-wave impulsive cycle at blue (3). 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 $603.27 and $588.88.

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

$QQQ 1H Elliott Wave Chart 11.10.2025:​

The latest update, from Nov 10, 2025, shows that the ETF bounced as predicted. Currently, it is trading higher in wave 1 of (5) looking for continuation higher towards 647 – 662 to finish 5 waves from the Nov 7th low.

Conclusion​

To conclude, our Elliott Wave analysis of Invesco NASDAQ ETF ($QQQ) suggests that it remains supported against Nov 2025 lows. Thus, traders that bought the dip should get risk free by booking half profits and moving the stop loss to the recent low. Additionally, 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/video-blog/invesco-nasdaq-etf-qqq-pullbacks-offering-bullish-entry/

 

[Elliottwave-Forecast]

Hello traders and welcome to another post where we discuss trade setups from the blue box. With our proprietary blue box trading system, we proffer key turning zone in price action where members can go short or long. In this one, we will discuss a recent long setup on the AMZN.



Amazon.com, Inc. is a global technology and e-commerce powerhouse founded by Jeff Bezos in 1994. Headquartered in Seattle and Arlington, it began as an online bookstore and evolved into a diversified conglomerate offering cloud computing (AWS), digital streaming, AI, and consumer electronics. Amazon is known for its customer-centric approach, rapid innovation, and vast logistics network. Its services include Amazon Prime, Alexa, Kindle, and more, serving millions worldwide.

Amazon (AMZN) Stock Forecast: Bullish Trend Continues as Elliott Wave Structure Extends​

Amazon (AMZN) remains one of the most profitable stocks for investors. In November 2025, the stock broke to a new record high, confirming the 5th wave of the bullish cycle that began in April 2025. On the weekly chart, we identified the February 2025 top and April 2025 low as waves I and II of wave (III). Therefore, wave III from the April low could extend toward $360–$420 or even higher. From the same April low, we believe price is now in wave (5) of ((1)) of III. This suggests that wave III still has a long way to go.

Alternative Count: Wave ((3)) Target Zone​

Alternatively, AMZN may have completed wave ((1)) at the July 2025 high and wave ((2)) at the October 2025 low. In that case, it could now be in wave ((3)) of I, with potential targets between $290 and $309. Either way, the bullish cycle from the April low appears far from over. For this reason, we decided to stay long from the blue box area. We continue to provide blue box zones for members on the H1 and H4 charts to identify short-to-medium term buying opportunities. The most recent setup appeared on November 7, 2025.

AMZN Bullish Setup - 7th November, 2025​

After AMZN established a new peak on November 3, 2025, a pullback began. We preferred to buy at the extreme if the correction completed a 3, 7, or 11-swing pullback. As the retracement unfolded, we identified a simple 3-swing zigzag structure, with 244.08–237.05 as the blue box extreme zone. We shared this setup with Elliottwave-Forecast members on November 7, 2025, recommending a long position from the blue box.

AMZN Bullish Setup - 10th November, 2025​

A few days later, on November 10, 2025, we shared an updated chart showing a strong bullish reaction from the blue box. Price reached the first target, allowing members to take partial profit while keeping the rest open for additional gains.

This has been another solid trade so far — and it could turn into a massive win if momentum continues as expected.

Summary:

• AMZN maintains a strong bullish sequence.
• Current wave count projects potential toward $360–$420.
• Blue box buy setups continue to offer high-probability trading opportunities.
• Long positions remain favored while the April 2025 low holds.

Source: https://elliottwave-forecast.com/stock-market/amzn-extends-bullish-cycle/

 

[Elliottwave-Forecast]

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

RY favors rally within April-2025 sequence as showing in (1) discussed in last article. It expects further upside in 5 of (1) impulse into $150.86 - $153.23 area, while dips remain above 10.13.2025 low to end (1). We like to buy later in (2) pullback in 3, 7 or 11 swings pullback at extreme area.

RY - Elliott Wave Latest Weekly View:​

Since March-2020 low as (II), it started rally in (III) in weekly. It placed I of (III) at $119.41 high in January-2022 & II at $77.90 in October-2023 low. Within I, it ended ((1)) at $78.31 high, ((2)) at $67.78 low, ((3)) at $108.09 high, ((4)) at $98.00 low & finally ((5)) at $119.41 high. Within II, it ended ((W)) at $83.63 low, ((X)) at $104.72 high & ((Y)) at $77.90 low as $0.618 Fibonacci retracement of I. Above II low, it placed ((1)) of III at $128.05 high in December-2024 & ((2)) at $106.10 low in April-2025. Within ((1)) of III, it ended (1) at $102.07 high, (2) at $93.97 low, (3) at $126.96 high, (4) at $120.26 low & (5) at $128.05 high.

RY - Elliott Wave View From 9.22.2025:​

Above ((2)) low, it favors rally in (1) & can extend towards $150.86 to $156.28 area to finish it. Within (1), it ended 1 at $134.26 high, 2 at $127.38 low, 3 at $149.26 high & 4 at $143.13 low of 10.13.2025. Currently, it favors higher in 5 of (1) as it already broke to above 3 high. It expects two more swings in 5, which confirm above 149.44 high to extend into $150.86 – $153.26 area to finish (1). Do not like to chase the small upside as it has minimum swings in placed. We like to buy the next pullback in (2) in 3, 7 or 11 swings, while dips hold the up-trending trendline.

Source: https://elliottwave-forecast.com/stock-market/ry-favors-final-push-pullback/

 

[Elliottwave-Forecast]

Wave (III) Set to Unfold as Chennai Petroleum Targets New Highs in the Next Bullish Cycle.​

Chennai Petroleum Corporation Ltd (NSE: CHENNPETRO) shows a strong long-term bullish setup on its monthly Elliott Wave chart. The price completed a clear five-wave advance, forming wave (I), followed by a deep correction in wave (II). This correction ended near ₹434.10, which now acts as the key support and invalidation level for the bullish view.

As long as the stock stays above this level, the broader trend remains positive. The pattern suggests that CHENNPETRO has already started a new bullish phase. The right side of the chart continues to point upward, confirming buyers are in control.



After wave (II) finished, the stock began moving higher again, marking the start of wave (III). We're currently in the early stages of this wave, with initial movements beginning to unfold. The expectation is for a retest of the recent high in wave I, following a corrective pullback in wave II that may develop in 3, 7, or 11 swings. This setup could present a fresh opportunity to enter long positions in anticipation of further upside.

According to Fibonacci projections, wave I can extend toward the ₹1,200–₹1,300 price area, offering significant upside from current levels. Looking further ahead, the long-term targets for wave (III) are set around ₹1,690 and ₹2,460, corresponding to the 100% and 161.8% Fibonacci extensions of wave (I), respectively.

Technical and Fundamental Support:​

From a broader view, Chennai Petroleum is benefiting from higher refining margins and increasing demand for petroleum products in India. The company’s strong operational base and strategic importance in the energy sector support this long-term bullish outlook.

Technically, the Elliott Wave count aligns with these improving fundamentals. As a result, the trend remains favorable for buyers, and we do not recommend selling while the right side stays positive.

Conclusion:​

In summary, Chennai Petroleum Corporation Ltd (NSE: CHENNPETRO) maintains a strong Elliott Wave structure. Wave (II) has completed at ₹434.10, confirming a solid base for further upside. The market is likely developing wave I of (III), which may take the price toward new highs above ₹1,200 in the next few months.

Source: https://elliottwave-forecast.com/st...-wave-analysis-bullish-cycle-poised-continue/

 

[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 S&P 500 ETF. SPY 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.

SPY H1 Update 11.07.2025​

SPY ETF is currently forming a 3-wave pullback, unfolding as a Double Three pattern. The extreme zone (Equal Legs) has already been reached in the 663.57–652.77 area. The minimum requirements for the pattern are there as we can now count a sufficient number of swings. We have entered long positions around the Equal Legs 663.57 level.

We recommend that members avoid selling SPY at this stage and expect at least a three-wave bounce from the Blue Box. Once the price reaches the 50% Fibonacci retracement level against the red X connector, we will make the position risk-free by moving the stop-loss to breakeven and taking 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.

SPY H1 Update 11.07.2025​

SPY 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 661.25 low we count (4) blue correction completed. Wave (5 ) can be in progress toward new highs, targeting 696.53- 707.42 area.



Source: https://elliottwave-forecast.com/stock-market/sp-500-etf-spy-elliott-wave-setup/

 

[Elliottwave-Forecast]

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of NVDA. In which, the rally from 07 April 2025 low is unfolding as an impulse structure. Showing a higher high sequence favored more upside extension to take place. Therefore, we advised members not to sell the stock & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

NVDA 1-Hour Elliott Wave Chart From 11.07.2025​

Here’s the 1-hour Elliott wave chart from the 11.07.2025 Midday update. In which, the cycle from the 21 April 2025 low ended in wave (3) at $212.19 high. Down from there, the stock 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 $195 low. Wave X bounce ended at $202.92 high & wave Y managed to reach the blue box area at $185.66- $174.97. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

NVDA Latest 1-Hour Elliott Wave Chart From​

This is the latest 1-hour Elliott wave Chart from the 11.10.2025 Post-Market update. In which the NVDA 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. However, a break above $212.19 high is still needed to confirm the next extension higher towards $220.01- $232.72 area minimum & avoid a double correction lower.

Source: https://elliottwave-forecast.com/bluebox-wins/nvda-delivers-risk-free-setup-blue-box/

 

[Elliottwave-Forecast]

Strategy Inc (NASDAQ: MSTR), formerly known as MicroStrategy, remains Bitcoin's largest corporate holder. However, a stark divergence has emerged throughout 2025. While Bitcoin consistently notches new all-time highs, MSTR stock displays persistent weakness and failing momentum. This disconnect signals underlying technical damage.

Today, we analyze the bearish Elliott Wave sequence explaining this underperformance. Our analysis outlines the critical support levels and downside targets if this corrective phase continues.

Elliott Wave Analysis

A clear positive correlation linked MSTR and Bitcoin since November 2022. However, this relationship fractured after two years. MicroStrategy peaked at $543 in November 2024. Subsequently, it entered a sideways trend. Meanwhile, Bitcoin continued climbing to new highs. Furthermore, MSTR made new yearly lows. In contrast, Bitcoin held firmly above its April 2025 low.



The MSTR daily chart shows a confirmed bearish sequence. Since the November 2024 peak, the stock has broken below the February 2025 low. This action confirms a larger double three correction is now in progress.

It completed wave "w" in February 2025. Then, wave" x" bounced higher. Currently, wave "y" remains in progress. Wave ((W)) reached the 61.8-76.4% Fibonacci zone. Consequently, a three-wave bounce in wave ((X)) is likely soon. However, the downtrend should then resume.

Ultimately, the equal legs target lies at $138 - $63. Once this buying area is reached, expect a strong reaction higher. Therefore, investors will likely position for the next uptrend. Ideally, this new rally will begin next year.

MSTR Daily Chart 11.11.2025​

Conclusion​

Strategy stock MSTR is undergoing a daily correction. Consequently, traders can use short-term bounces as selling opportunities. Meanwhile, investors should wait for the next extreme area before buying the stock. Use our Elliott Wave strategy to time entries with precision. Enter after a 3-, 7-, or 11-swing correction completes. Additionally, our proprietary Blue Box system highlights high-probability zones with pinpoint accuracy. As a result, this disciplined method gives traders the clarity and confidence to catch the next bullish leg.

Source: https://elliottwave-forecast.com/stock-market/microstrategy-mstr-bearish-shift/

 

[Elliottwave-Forecast]

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts of USDJPY Forex pair published in members area of the website. As our members know USDJPY is in overall bullish trend. Recently the pair made a clear three-wave correction. The pull back completed right at the extreme area ( buyers zone) and made rally as we expected. In this discussion, we’ll break down the Elliott Wave forcast.

USDJPY Elliott Wave 4 Hour Chart 10.15.2025​

USDJPY is forming a Zig Zag pullback. The correction shows incomplete sequences at the moment. We expect to see an extension down toward the marked equal legs zone at 150.48–149.15. In that area, buyers should appear again and take the lead. Ideally, we expect a rally toward new highs, or at least a 3-wave bounce as an alternative view. We advise against selling $USDJPY and instead favor the long side from the marked equal legs area at 150.48–149.15.

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.

USDJPY Elliott Wave 4 Hour Chart 10.15.2025​

USDJPY found buyers at the equal legs zone as expected. The forex pair has reacted strongly and eventually we got a break toward new highs.

Keep in mind that market is dynamic and presented view could have changed in the mean time.

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/usdjpy-elliott-wave-buyers-zone/