Elliott Wave Analysis by EWF

[Elliottwave-Forecast]

Hello traders. In this technical article we’re going to look at the Elliott Wave charts of Bitcoin BTCUSD published in members area of the website. BTCUSD has recently given us a 3 waves recovery that found sellers as expected. In this discussion, we’ll break down the Elliott Wave forecast and present the target area.

BTCUSD Elliott Wave 1 Hour Chart 11.10.2025​

BTCUSD ended a 5-wave decline in the cycle from the 116.323 peak. Currently, the crypto is showing a recovery against that peak — wave 4 red. As our members know, we determine the potential ending point of a correction by measuring the equal legs area. In this case, we measure the 1.00–1.618 Fibonacci extension of waves ((w))–((x)). The reversal area (sellers’ zone) comes at 104.942–108.471. The price is already within the sellers’ zone, and we anticipate another leg down from this area or at least a 3-wave pullback.

You can learn more about Elliott Wave Patterns at our​

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

BTCUSD Elliott Wave 1 Hour Chart 11.12.2025​

The crypto ended wave 4 within the mentioned area, and we got a decent decline as expected. Ideally, the price should break below the previous low – wave 3 red – to confirm that wave 5 is in progress toward the 96,962–93,704 area. Keep in mind, we don’t recommend selling Bitcoin. The overall trend remains bullish according to higher time frames, and we will treat any pullback as a potential buying opportunity. For trading setups, please follow our Live Trading Room

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



Source: https://elliottwave-forecast.com/trading/btcusd-elliott-wave-analysis/

 

[Elliottwave-Forecast]

Hello fellow traders,

In this technical article, we are going to present Elliott Wave charts of Silver XAGUSD. The commodity could have completed its intraday Zig Zag correction at the Equal Legs zone. In the sections below, we outline the current Elliott Wave count and the expected forecast, including the target and the alternative scenario.

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.

XAGUSD 1-Hour Elliott Wave London Analysis 11.14.2025​

Silver XAGUSD has completed 5 waves up in the cycle from the November 4th low, marked as 2 red on the chart. The commodity is now giving us a pullback against that low, unfolding as a Zig Zag pattern. We can clearly count five waves in wave (a). Wave (b) appears to have completed as 3 waves, and now we are looking for another leg down, which should be composed of 5 waves. As our members know, we use the equal legs of waves (a)–(b) to project the potential target for wave (c), which comes in at 51.185–49.727.
Although another leg down can unfold, we do not recommend selling against the main bullish trend.

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.

XAGUSD 1-Hour Elliott Wave NY Midday Analysis 11.14.2025​

Silver declined in the wave (c) leg as expected. The price reached our target zone at 51.185–49.727 and has made only a shallow bounce so far. We assume that the ((ii)) pullback may already be complete at the 50.1 low. However, we would need to see further separation from that low, reaching at least the 50% Fibonacci zone relative to the (b) peak, to confirm that the correction is complete.

As long as the price remains above this level, a rally toward new highs could already be in play, with the next upside target at 54.7–55.93. However, if the price breaks below the 50.1 low, it would indicate a 5-wave decline from the peak, suggesting that we may be ending only the first leg of a larger Zig Zag pattern.

Keep in mind not every EW count is trading recommendation. For Official trading setups, please follow our Live Trading Room

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





Source: https://elliottwave-forecast.com/elliottwave/silver-xagusd-elliott-wave-zig-zag/

 

[Elliottwave-Forecast]

PepsiCo appears to have completed the bearish cycle from May 2023. In the coming weeks, price action that supports a new bullish cycle, leading to a new high, could emerge. Meanwhile, in the previous forecast on this stock, we highlighted a high probability buying zone, using the blue box. In this post, we will discuss how the blue box has provided a reliable trading zone for traders. In addition, we will discuss what to expect next.

PepsiCo is a global food and beverage company with the headquarters in New York. It was founded in 1965 through the merger of Pepsi-Cola and Frito-Lay. The company operates in over 200 countries and has a diverse portfolio of brands, including Pepsi, Mountain Dew, Lay’s, Doritos, Gatorade, Tropicana, and Quaker.

Pepsico is in an all-time bullish sequence. Therefore, pullbacks have provided opportunities for buyers to buy the dip. A new corrective pullback emerged from May 2023. For over 24 months, this pullback evolved into a clear corrective structure. At the end of the corrective structure, the long-term bullish trend should resume. From the Elliott wave perspective, we reckoned that the peak of May 2023 marked the end of the wave (III) of ((III)) of the all-time bullish cycle. Thus, the pullback from that high was expected to conclude wave (IV) of ((III)), followed by a resurgence to a fresh record high.

PepsiCo Elliott Wave Setup (Weekly) - 02.16.2025​

On 16 February, 2025 we did n analytical blog post on PepsiCo. The update explained the all-time bullish trend and the the wave (IV) pullback from the top of May 2023. In the update, we shared the chart below.



The weekly chart above displays a clear double zigzag structure for wave (IV). We identified the 142.13-116.60 range as the blue box zone. We anticipated either a new bullish cycle from this zone or, at minimum, a 3-swing bounce. The price eventually reached the blue box a few months later and bounced sharply, as shown in the chart below.

PepsiCo Elliott Wave Setup Update (Weekly) - 11.16.2025​

The new weekly chart above shows a sharp rebound. This could signify the end of wave (IV) or the start of a 3/7 swing bounce leading to a deeper wave (IV). If wave (IV) has ended, wave (V) should advance to $215 and potentially higher. However, if the bounce is corrective, buyers should anticipate a price reach of $168-$175. Traders who went long from the blue box have already reached the first target at 156.33. Therefore, while booking some profits, buyers can continue to hold the rest of their position with a stop adjusted to $127. This appears to be a solid plan. Looking at the shorter cycles, what's next?

PepsiCo Elliott Wave Setup Update (4-Hour) - 11.16.2025​

The PepsiCo H4 chart above shows price turning up against the 127.63 pivot. This indicates that as long as this low holds, an upward trend is likely to continue. The chart also shows the price in a nesting position, specifically in wave 3 of (1) of ((3)), following the completion of waves ((1)) and ((2)) of I of (V) at the May 2023 high and June 2025 low, respectively. In the short term, if wave 3 unfolds as anticipated, it should advance to the $160-$170 area.

Source: https://elliottwave-forecast.com/stock-market/pepsico-signals-move-toward-215/

 

[Elliottwave-Forecast]

Pan American Silver Corp. (PAAS) is one of the world’s largest primary silver producers, with diversified mining operations across the Americas. In addition to silver, the company has substantial exposure to gold and other precious metals. This makes it a key player in the resource sector. In this article, we will update the long term Elliott Wave technical outlook of the stock.

PAAS Monthly Elliott Wave Chart​

The monthly Elliott Wave analysis for Pan American Silver (PAAS) suggests that the stock completed wave ((II)) of the Grand Supercycle at the $5.89 low, establishing a major long-term pivot. Since then, it has embarked on wave ((III)), which is unfolding as a bullish impulse. From that base, wave (I) advanced to $40.11 before undergoing a corrective wave (II) that bottomed at $12.16. The rally resumed in wave (III), within which wave I peaked at $28.60 and wave II retraced to $20.55. Provided the $5.89 low remains intact, corrective pullbacks are expected to attract buyers in a 3-, 7-, or 11-swing structure, reinforcing the bullish trajectory and supporting further upside potential.

PAAS Daily Elliott Wave Chart​

The daily Elliott Wave analysis for Pan American Silver (PAAS) suggests that the rally from the February 13, 2024 low completed wave I at $27.47, followed by a wave II correction that bottomed at $20.55. The stock has since resumed its upward trajectory in wave III, which is unfolding as an impulsive structure. From the wave II low, wave ((1)) advanced to $28.60, then corrected in wave ((2)) to $22.08. The subsequent rally carried the stock to $42.57, marking the completion of wave ((3)). A pullback in wave ((4)) appears to have found support at $33.08, proposing it as a completed low. As long as this level holds, PAAS is expected to extend higher in wave ((5)), with a projected target zone between $44.80 and $48.41—representing the 123.6% to 161.8% external retracement of wave ((4)).

Source: https://elliottwave-forecast.com/stock-market/elliott-wave-paas-resume-higher-wave-5-targeting-44-8/

 

[Elliottwave-Forecast]

TMUS remains in an all-time bullish sequence. The recent dip appears to have found support in the blue box. The resultant bounce could advance to $300 thus, keeping the buyers in control.

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

TMUS has been the best stock investment since its launch in the secondary market in April 2007. Its stock price initially dropped from around $34 to a low of $7.75 in January 2010. However, the stock has risen significantly since that low, establishing a clear, all-time bullish sequence. This all-time bullish cycle appears incomplete. Wave I and II ended in May 2011 and June 2012 at roughly $25 and $7.60, respectively. From the June 2012 low, wave III emerged, concluding in July 2021 at $150. A pullback for wave IV followed, ending in January 2022 at $101, providing buyers with an opportunity to purchase during the dip.

From the low of January 2022, wave V started and has been very strong. Waves ((1)), ((2)), and ((3)) of V ended in November 2022 at $154, June 2023 at $125, and March 2025 at $276.5 respectively. The stock peaked at the March 2025 high of $275.5, where wave ((3)) ended. From that peak, wave ((4)) of V pullback emerged. In such a clean and clear bullish sequence, we like to stay buyers from the blue box.

TMUS Elliott Wave Analysis - 17th November, 2025​

[caption id="attachment_971426" align="aligncenter" width="1024"] TMUS, Weekly[/caption]
Wave ((4)) pullback evolved as a simple zigzag structure with the extreme zone at 205.62-171.20. Meanwhile, from the blue box, buyers were expected to react and push prices higher by a 3-swing before lower, or a complete recovery for wave ((5)) of III toward $300 or higher. This is a typical example of how we analyze and trade the market with Elliottwave-forecast members. If this bounce progresses, buyers from the blue box should take partial profit at $230 and adjust the other half of the position to the wave ((4)) low or the entry price at $205.6. Buyers can hold the remaining position with a target at $300.

Source: https://elliottwave-forecast.com/stock-market/tmus-bullish-outlook-eyes-300/

 

[Elliottwave-Forecast]

DexCom Inc., (DXCM) is a medical device company, that focuses on the design, development & commercialization of glucose monitoring systems globally. It comes under Healthcare sector & trades as “DXCM” ticker at Nasdaq.

The DXCM favors double correction in weekly from November-2021 high discussed in last article few months ago. It favors weakness started from 2.17.2025 high & expect downside into $44.11 or lower.

DXCM - Elliott Wave Latest Weekly View:​

In weekly, it ended ((I)) impulse at $164.86 high in November-2021 & now correcting in ((II)). Within ((I)), it ended (I) at $25.82 high in September-2015 & (II) at $10.65 low in September-2017. Above there, it placed (III) as extended move at $114.06 high, (IV) at $76.41 low & finally ended (V) at $164.86 high as ((I)). Below November-2021 high, it favors downside in 7 swings pullback & expect short term bounce in 3, 7 or 11 swings to fail below 7.28.2025 high.

DXCM - Elliott Wave View From 3.31.2025:​

Within ((II)) pullback, it ended (w) at $66.89 low in May-2022 & (x) connector at $142 high in March-2024. Both the moves are 3 swings. It already showing lower low sequence in ((II)) correction, favoring (y) down. Below (x) high, it ended w at $62.34 low, x at $93.25 high & favor downside in y leg. The y is further subdivided in ((A)) ended at $57.52 low, ((B)) at $89.98 high & favoring downside in ((c)) of y of (y). It expects weakness against July-2025 high to extend downside in to $44.11 - $20.95 area or even lower. The sellers can enter the set up in 3, 7 or 11 swings corrective bounce at extreme area for targeting weekly extreme area.

Source: https://elliottwave-forecast.com/stock-market/dxcm-eyes-deeper-correction-toward-44-1-20-9/

 

[Elliottwave-Forecast]

Analysts still maintain a Moderate Buy consensus with an average price target of about $30.6, implying nearly 20% upside from current levels. However, forecasts suggest short‑term weakness: AT&T (T) could dip toward $23.4 by the end of November and $22.1 in December, reflecting a potential 10% decline. This near‑term pressure stems from market fatigue and broader telecom competition, yet the company’s fundamentals remain intact. AT&T has reiterated its 2025 guidance of adjusted EPS between $1.97 and $2.07 and free cash flow above $16 billion, supported by fiber expansion and debt reduction plans.

Looking forward, AT&T’s strategy of scaling fiber coverage and leveraging wireless spectrum should gradually strengthen its position. Transitioning away from legacy assets and focusing on convergence is expected to improve EBITDA growth toward 5% by 2027–2028. Moreover, management’s commitment to reducing leverage to 2.5x EBITDA by mid‑2025 enhances balance sheet resilience. Therefore, while the next few months may bring volatility and possible downside, disciplined investors could benefit from dividends and long‑term appreciation as AT&T executes its multi‑year growth plan. The key will be navigating short‑term corrections while staying aligned with the broader structural uptrend.

Elliott Wave Outlook: AT&T (T) Weekly Chart June 2025​

In June, the stock price kept rising as expected, signaling an extension in wave ((3)). We identified the 29.03 high as the likely end of wave ((3)), while support for wave ((4)) appeared at the 25.10 low. From there, the market needed to break decisively above 29.03 in order to propel wave ((5)) toward the 30.02–31.55 target zone. A bearish reaction inside that zone would confirm the completion of impulse wave I. Nevertheless, we acknowledged that upward extensions could still unfold beyond that range.

At the same time, we prepared for the possibility that the market might fail to break above 29.03. In that case, wave ((4)) would still be developing, opening the door for a decline toward 24.66–23.72 before completing wave ((4)). Once that correction finished, the bullish move in wave ((5)) would resume. Importantly, a clean break above 29.03 would invalidate this alternative and reinforce the direct path higher. (If you want to learn more about Elliott Wave Principle, please follow these links: Elliott Wave Education and Elliott Wave Theory.)

Elliott Wave Outlook: AT&T (T) Weekly Chart Noviembre 2025 ​

On September 15, T completed the cycle that began in 2023, reaching 29.79 per share. The price missed the ideal target zone by just a few cents. Wave ((5)) formed an ending diagonal, which finalized impulse wave I and triggered a reversal. From that peak, the market declined into the expected 24 area. However, this drop represents only wave ((A)) of corrective wave II.

Now, we anticipate a rebound in wave ((B)). This recovery should remain capped below 29.79. Afterward, the market is expected to fall again in wave ((C)) of II. The ideal completion zone for this correction lies between 22.00 and 19.70. Within that range, we could look for new buying opportunities aimed at breaking above the impulse wave I high of 29.79.

Source: https://elliottwave-forecast.com/stock-market/t-volatility-opportunity-set-next-rally/

 

[Elliottwave-Forecast]

Hello Traders! In today’s update, we’ll revisit the Elliott Wave structure of Bitfarms Ltd. ($BITF) and provide insights into the next phase of its price action. You can check the last article here. As anticipated, a Zig-Zag (ABC) pattern is unfolding, approaching a critical support zone where buyers have historically stepped in. Let’s break down the key developments.

5 Wave Impulse Structure + ABC correction​

​

$BITF Daily Elliott Wave View October 28th 2025:​

$BITF Daily Elliott Wave View November 18th 2025:​

Since our last update, $BITF has continued to decline,. The stock is now approaching the blue box area, where buyers may step in. Here’s how the structure is unfolding so far:

1. The first leg lower, labeled wave (A), has already formed, marking the initial phase of the pullback.
2. This was followed by a bounce in wave (B), which failed and broke below wave (A).
3. The stock is now trading in wave (C) of the larger wave ((2)) correction, which should target the area at $2.00–$0.67.

Blue Box Area: A Key Buying Opportunity​

The Blue Box area represents a high-probability reversal zone where buyers could re-enter for the next bullish cycle. This correction, which follows the 5-wave impulse, allows the market to reset and create new opportunities for traders.

• Wave Structure: Corrections typically unfold in 3 swings (ABC), with wave (C) often extending into the Blue Box.

As $BITF approaches this zone, traders should closely monitor price action for signs of reversal and a resumption of the larger uptrend.

What’s Next for $BITF?​

Once wave ((2)) completes in the Blue Box area, we expect $BITF to resume its bullish trend with a rally in wave ((3)). This next impulsive move could take the stock to new highs, continuing its uptrend.

Conclusion​

The current correction in Bitfarms Ltd. ($BITF) aligns with our Elliott Wave analysis and offers a strategic buying opportunity. As the stock approaches the $2.00–$0.67 area, traders should prepare to capitalize on the next leg of the uptrend. Stay patient, focus on risk management, and let the Elliott Wave structure guide your decisions.

Source: https://elliottwave-forecast.com/st...date-zig-zag-correction-offers-blue-box-area/

 

[Elliottwave-Forecast]

In this technical blog, we will look at the IONQ recent price action. The company deals in quantum computing, specializes in developing and manufacturing quantum computers. The stock made a rally higher as highlighted in last September 2025 update here. Rally higher took place took place in another 5 waves structure and made a pullback, which ends up entering into previous wave I territory. Thus suggested that it's no longer wave (III) taking place. We will explain the latest forecast below:

IONQ Latest Elliott Wave Chart From 11.19.2025​

This is the latest Elliott wave chart from 11.19.2025 update. In which, the main cycle from all time low still 3 waves rally higher taking place. While the rally from December 2022 low unfolded in a diagonal 5 waves structure where wave I ended at $21.60 high. Wave II pullback ended at $6.22 low, wave III ended at $54.74 high, wave IV pullback ended at $17.88 low. Up from there, the stock made a rally into new high towards $84.64 high and ended wave V thus completed wave (I).

Down from there, the stock is probably doing a 3 wave pullback to correct the cycle from December 2022 low within wave (II) pullback. Whereas current leg of the pullback can end in between $$33.38- $25.77 area. Subsequently, can see at least 3 wave reaction higher. Don't like selling it and swing traders should watch out for clear A-B-C setup from the peak.

Source: https://elliottwave-forecast.com/stock-market/ionq-temporary-pause-opportunity/

 

[Elliottwave-Forecast]

Hello traders! USDCAD has completed a 3-wave recovery against the 1.41403 peak and reacted lower as expected. In this technical article, we’ll take a brief look at the Elliott Wave outlook for USDCAD and outline the key target levels

USDCAD Elliott Wave 1 Hour Chart 11.17.2025​

Let’s take a look at the USDCAD Elliott Wave chart from November 17th, which we presented to members. The pair completed 5 waves in the cycle from the 1.41403 peak, which suggests further downside once a 3-wave correction is finished. The approximate target area for wave 2 typically falls within the 50%–61.8% Fibonacci retracement, which in this case comes in at 1.4062–1.4080. From that zone, we expect further weakness.

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.

USDCAD Elliott Wave 1 Hour Chart 11.19.2025​

USDCAD completed a 3-wave recovery exactly at the 50% Fibonacci zone (1.4062) and then declined as expected. Eventually, the pair broke below the previous 1.3986 low, confirming that the next leg down is in progress. As long as the price stays below the B red peak (1.4062), USDCAD is now targeting the 1.39024 area.

24/7 Expert Market Analysis in Our Trading Community​

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.

You can find detailed information on trading setups in the membership area and in the Live Trading Room



Source: https://elliottwave-forecast.com/forex/usdcad-elliott-wave-incomplete-sequences/

 

[Elliottwave-Forecast]

Hello fellow traders,

As our members know we have had many profitable trading setups recently. In this technical article, we are going to present another Elliott Wave trading setup we got in SPX E-Mini ( ES_F ) . ES_F completed this correction precisely at the Equal Legs zone, referred to as the Blue Box Area. In the following sections, we will delve into the specifics of the Elliott Wave pattern observed , discuss the trading setup and present targets.

ES_F Elliott Wave 4 Hour Chart 11.17.2025​

The current view suggests that ES_F is forming a Double Three correction (WXY red) . The price action shows an incomplete structure from the peak. We anticipate an extension toward the extreme zone at 6004.76-6416.9, where we are looking to re-enter as buyers.

We recommend members to avoid selling ES_F . As the main trend remains bullish, we anticipate at least a 3-wave bounce from this Blue Box area. Once the price touches the 50 fibs against the X red connector, we’ll make positions risk-free and set the stop loss at breakeven and book partial profits. On other hand, breaking below the 1.618 Fibonacci extension level at 6416.9 would invalidate the trade.

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

Quick reminder on how to trade our charts :

Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable.

ES_F Elliott Wave 1 Hour Chart 11.17.2025​

The futures has made extension down toward Blue Box (6004.76-6416.9,) and found buyers as expected. ES_F is showing a decent bounce from the Buying Zone. The reaction reaches 50 Fibs zone against 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. We count correction completed at 6594 low. While above that level, ES_F can be heading toward 7031 + area.

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

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



Source: https://elliottwave-forecast.com/stock-market/sp-500-e-mini-es_f-elliott-wave-blue-box/

 

[Elliottwave-Forecast]

Coinbase (NASDAQ: COIN) has plummeted 46% from its peak. This sharp decline mirrors a broader sell-off gripping both crypto and equity markets. The convergence of these downturns creates a critical technical juncture for the stock.

Today, we will dissect the Elliott Wave correction currently in progress. Our analysis establishes a clear potential path for the stock over the coming months, providing a strategic roadmap for traders navigating this volatility..

Elliott Wave Analysis

A clear positive correlation links Bitcoin and COIN. Both assets consistently share major highs and lows. Consequently, we expect this relationship to continue during the current downturn. Furthermore, Bitcoin now approaches its April 2025 low. It will likely retest the September 2024 low next. Therefore, COIN should follow this same path. This alignment targets the $150 area for Coinbase.

Coinbase Vs Bitcoin​

The COIN weekly chart shows a higher high sequence after July's all-time highs. Since then, a larger degree pullback has started. This correction aims to correct the five-wave advance from the January 2023 low.

The pullback is unfolding as a three-wave zigzag structure. Wave ((A)) ended at $291 on August 20, 2025. Subsequently, wave ((B)) bounced to $402 by October 10, 2025. Currently, wave ((C)) is progressing and has entered the $249 equal legs area.

However, Bitcoin's suggested correction implies further COIN weakness. Therefore, we expect a move toward the $154 Fibonacci 1.618 extension into next year. This projected low should complete wave II and setup the next major rally.

COIN Weekly Chart 11.21.2025​

Conclusion​

COIN is undergoing a necessary weekly correction, setting up a strategic investment opportunity for next year. You can precisely time your entry into this and other trades using our Elliott Wave strategy. Our methodology identifies optimal entries after a 3, 7, or 11-swing correction completes. Furthermore, our proprietary Blue Box system pinpoints high-probability reversal zones with clarity and confidence.

Source: https://elliottwave-forecast.com/stock-market/coinbase-coin-sell-off/

 

[Elliottwave-Forecast]

The Magnificent Seven ETF (MAGS) is the first fund designed to provide equal-weight exposure to the “Magnificent Seven” tech giants—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. Launched in 2025, the ETF offers investors a focused way to capture the performance of these market-leading innovators that dominate the S&P 500 and drive much of its growth. Below we will update the Elliott Wave technical outlook for the ETF.

MAGS Weekly Elliott Wave Chart​

The weekly Elliott Wave chart of the Magnificent Seven ETF (MAGS) shows that a five-wave impulsive advance has ended. The rally culminated in wave (I) at $58.69 in December 2024. A corrective decline in wave (II) then followed, which appears to have bottomed at $39 in April 2025. Since then, MAGS has resumed its upward trajectory, beginning wave (III). From the April 2025 low, the cycle advanced into wave I, reaching a peak of $69.14. The ETF is now undergoing a larger-degree wave II pullback, correcting the cycle from the April 2025 low in a 3-, 7-, or 11-swing structure before the next upward move unfolds.

MAGS Daily Elliott Wave Chart​

The daily Elliott Wave chart of the Magnificent Seven ETF (MAGS) shows that wave (II) unfolded as a double-three corrective pattern. The pullback bottomed at $39.26. From there, the ETF resumed its advance in wave (III), which is subdividing into five waves. Wave I of (III) rally recently peaked at $69.1. MAGS is now undergoing a larger-degree wave II correction of the cycle that began at the April 2025 low. In the near term, as long as the $39.26 pivot remains intact, expect pullback to attract buyers in a 3-, 7-, or 11-swing sequence, setting the stage for further upside.

Source: https://elliottwave-forecast.com/stock-market/magnificent-seven-etf-mags-ended-cycle-april-2025/

 

[Elliottwave-Forecast]

Eli Lilly & Company (LLY) discovers, develops & markets human pharmaceuticals worldwide. It comes under Healthcare sector & trades as “LLY” ticket at NYSE.
LLY is bullish in weekly & favors rally in (V) against 8.08.2025 low. It should extend rally towards 1054.6 – 1187.8 area within cycle from August low in 9 swings impulse. Buyers can enter the market in 3, 7 or 11 swings pullback, when reaching extreme area.

In weekly, it favors bullish impulse sequence as trading to ATH. It placed (II) at $64.18 low in November-2016, (III) at $937.96 high in August-2024 & (IV) at $623.78 low in August-2025 low. Within (III), it placed I at $129.48 high, II at $101.36 low, III at $966.10 high, IV at $775.81 low & V at $937.96 high. The wave III of (III) was extended nested wave showing highest momentum. The (IV) pullback was double correction. It placed w at $711.40 low, x at $935.63 high & y at $623.78 low. Each degree further subdivided in 3 or 7 swings.

LLY - Elliott Wave Latest Weekly View:​

Above $623.78 low, it favors rally in I of (V). It placed ((1)) of I at $770.38 low, ((2)) at $712.05 low & favors upside in ((3)). Within ((3)), it ended (1) at $864.35 high, (2) at $783.85 low & favors upside in (3). The (3) expects to extend towards 1085.9 before it may pullback in (4). It favors rally in 9 swings & expects two more swings after pullback start in (4). Buyers can enter the extreme area in pullback in 3, 7 or 11 swings against 10.17.2025 low. Next better opportunity can be II pullback after ending 9 swings impulse in I from August-2025 low.

LLY - Elliott Wave Latest Daily View:​

Source: https://elliottwave-forecast.com/stock-market/lly-favors-rally-targeting-1188/

 

[Elliottwave-Forecast]

In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of IWM. In which, the rally from the 07 April 2025 low unfolded as an 5 waves impulse structure & made a pullback. Thus suggested that ETF should find buyers in the pullbacks in 3, 7 or 11 swings. Therefore, we advised members not to sell the ETF & buy the pullbacks into the blue box areas. We will explain the structure & forecast below:

IWM 4-Hour Elliott Wave Chart From 11.18.2025 Update​

Here’s the 4-hour Elliott wave chart from the 11.18.2025 update. In which, the ETF made a pullback towards the blue box area. The internals of that pullback unfolded as Elliott wave double three structure where wave (W) ended at $236.37 low. Wave (X) bounce ended at $246.38 high. Then wave (Y) managed to reach the blue box area at $229.87- $219.62. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

IWM Latest 4-Hour Elliott Wave Chart From 11.24.2025 Update​

This is the Latest 4-hour Elliott wave Chart from the 11.24.2025 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. However, the ETF's awaiting definition now either to resume higher on a clear break above $252.77 October 15, 2025 peak and avoid deeper pullback.

Source: https://elliottwave-forecast.com/bluebox-wins/iwm-reaction-higher-awaiting-definition/

 

[Elliottwave-Forecast]

Hello everyone! In today’s article, we’ll examine the recent performance of Alphabet Inc. ($GOOGL) through the lens of Elliott Wave Theory. We’ll review how the powerful rally from the October 2025 low unfolded as a textbook 5-wave impulse and discuss our evolving forecast for the next move. Let’s dive into the fascinating structure and expectations for this tech giant.

5 Wave Impulse + 7 Swing WXY correction​

$GOOGL 4H Elliott Wave Chart 10.09.2025:​

$GOOGL 4H Elliott Wave Chart 11.24.2025:​

Fast forward two months to our latest update, and the charts tell a compelling story. $GOOGL bounced right from that “blue box.” This wasn’t a small bounce. It was a huge rally, up about 40%! The stock hit new all-time highs.

Right now, the stock is still climbing. It is in what we call wave (3) of wave ((5)). This means more gains are likely. We think $GOOGL could reach $340–$347 next. After that, we might see another pullback.

Conclusion​

In conclusion, our Elliott Wave analysis of $GOOGL continues to prove accurate, suggesting that the stock remains well-supported against its April 2025 lows. For traders who capitalized on the entry opportunities presented in the “blue box” area, the $340–$347 zone should be closely monitored as the next significant objective. In the interim, keeping a vigilant eye out for any healthy corrective pullbacks could present fresh entry opportunities for those looking to join the trend.

By applying the principles of Elliott Wave Theory, traders can gain a deeper understanding of market cycles, better anticipate the structure of upcoming moves, and ultimately enhance their risk management strategies in dynamic markets like the current one for $GOOGL.

Source: https://elliottwave-forecast.com/st...oars-40-blue-box-area-340-target-still-ahead/

 

[Elliottwave-Forecast]

Micron Technology MU has surged recently up nearly 7.9% from its previous close. Analysts remain broadly bullish, with Wells Fargo, Mizuho, and UBS all raising price targets into the $265–$300 range, citing strong demand for high-bandwidth memory (HBM) and DRAM pricing momentum. This optimism reflects Micron’s positioning in the AI-driven data center cycle, where memory content growth and disciplined capital expenditure are expected to support margins.

Looking ahead, investors should anticipate continued volatility as the market works through its consolidation phase. Yet the broader trend remains constructive, with Micron’s roadmap for HBM4e and enterprise SSDs positioned to capture expanding demand from AI infrastructure. Once the correction resolves, the transition toward a breakout will be critical. Discipline in waiting for pullbacks offers the higher-probability path, as analysts project Micron’s revenue growth to extend through 2026, reinforcing the case for renewed upside momentum.

Elliott Wave Outlook: ​

Back in July, the market broke below wave (B) at 83.54, confirming that wave ((B)) had already ended. This break coincided with the announcement of new U.S. tariff changes, shifting sentiment and invalidating the anticipated flat. Wave ((B)) ultimately concluded at 104.69 in a triangular formation, which then initiated wave ((C)) of II.

From there, the market declined sharply to 61.54, completing the correction on April 7. Price action then turned decisively bullish, signaling the start of an impulsive advance. Our outlook identified the stock as building wave (1), with price action advancing into wave 3 of (1). At that time, the structure suggested continued upside, though we expected periods of range-bound behavior as wave 3 matured. Ideally, we expected wave 3 to extend into the 132.82–137.41 zone, where a bearish reaction could mark its completion. Following that stage, our expectation was for consolidation before a final rally would complete wave (1) and transition into a corrective phase. (If you want to learn more about Elliott Wave Principle, please follow these links: Elliott Wave Education and Elliott Wave Theory.)

Elliott Wave Outlook: MU Daily Chart November 2025​

In this November update, we can see how MU continues to follow an impulsive structure. We adjusted the count by changing (1) to ((1)) and (2) to ((2)). Wave ((1)) ended at the 129.96 high, followed by a correction that reached the 102.94 low. From that point, the extension of wave ((3)) began. As you know, in Elliott Wave theory, wave ((3)) is usually expected to be the strongest, even though this is not a strict requirement for an impulse. The rule is that it cannot be the shortest wave. Indeed, wave ((3)) extended to 261.03 in November, and then, over four days, MU experienced a sharp decline to 192.58, which we identified as wave ((4)). At that stage, many traders assumed a major correction had started; however, it remains possible that MU could still break above the high of wave ((3))

Looking ahead, the minimum target lies at 276.95, and the market could extend higher if momentum continues. The key idea is that MU must break above 261.03 to complete wave ((5)) of III before another significant correction occurs. Importantly, reaching 276.95 does not imply an immediate short‑selling opportunity; rather, it represents a target, not a sell signal. After all, the market may continue its upward trajectory. Therefore, in the next update, we will evaluate whether entering short positions becomes feasible or if the bullish momentum remains dominant.

Source: https://elliottwave-forecast.com/stock-market/micron-mu-rockets-toward-300/

 

[Elliottwave-Forecast]

Hello fellow traders,

As our members know we have had many profitable trading setups recently. In this technical article, we are going to present another Elliott Wave trading setup we got in S&P 500 Index . SPX completed this correction precisely at the Equal Legs zone, referred to as the Blue Box Area. In the following sections, we will delve into the specifics of the Elliott Wave pattern observed , discuss the trading setup and present targets.

SPX Elliott Wave 4 Hour Chart 11.18.2025​

The current view suggests that SPX is forming a Double Three correction (WXY red) . The price action is reaching blue box at 6577.688-6395.668 where we are looking to re-enter as buyers. We recommend members to avoid selling SPX . As the main trend remains bullish, we anticipate at least a 3-wave bounce from this Blue Box area. Once the price touches the 50 fibs against the X red connector, we’ll make positions risk-free and set the stop loss at breakeven and book partial profits. On other hand, breaking below the 1.618 Fibonacci extension level at 6395.668 would invalidate the trade.

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

Quick reminder on how to trade our charts :

Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable.

SPX Elliott Wave 1 Hour Chart 11.27.2025​

The index has found buyers in the anticipated Blue Box. SPX is now showing a solid bounce from this key Buying Zone. The current reaction has reached the 50% Fibonacci level relative to the X‑red connector. As a result, any long positions initiated from the Blue Box should now be considered risk-free. Our stop loss has been moved to breakeven, and we’ve already locked in partial profits.

We consider the correction completed at the 6523 low. As long as SPX remains above this level, the index has potential to target the 7013+ area next.

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

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

​

Source: https://elliottwave-forecast.com/stock-market/sp-500-spx-elliott-wave-buying/