QS Approaches Key Bottom Structure Before a Potential Reversal Analysts remain cautious on QS because the company is still pre‑revenue and continues to burn cash. Even so, they highlight recent manufacturing progress and note that partnerships like Honda and Volkswagen keep long‑term potential alive. We see this mixed sentiment creating wide price targets and uneven expectations for the next quarters. At the same time, analysts warn that commercialization delays remain the biggest risk. However, they also point to strong liquidity and improving pilot‑line performance as positive signs. We expect these themes to dominate analyst commentary over the next three months as QS works to prove it can scale its solid‑state technology. Elliott Wave Outlook: QuantumScape (QS) Weekly Chart May 2026 El

NVIDIA (NASDAQ: NVDA) continues to follow our Elliott Wave forecast as the stock advances in red wave C to complete wave (B) of a larger Flat correction. The rally from the 188.76 low remains incomplete, keeping buyers in control over the short term. As long as NVDA holds above 188.76, the bullish outlook remains intact and favors further upside. The 30-minute Elliott Wave chart shows wave C developing as a five-wave impulsive advance, a common pattern in a Flat correction. The current bullish sequence remains incomplete, indicating that NVDA stock should continue higher before this corrective rally ends. Fibonacci analysis projects the completion of wave C between the 100% and 161.8% extensions of wave A, creating a target zone between 213 and 229. This area also marks a high-probability

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Hello fellow traders. As our members know, At Elliott Wave Forecast, we cover a wide range of Exchange-Traded Funds (ETFs), providing detailed Elliott Wave analysis and market insights across major indices, sectors, commodities, and specialized funds. Our ETF coverage includes key instruments such as GDX, IWM, QQQ, SPY, XLE, XLF, XLI, XLP, XLV, XLY, and XME. Using Elliott Wave methodology, we present trading setups, key levels, and potential market scenarios to help traders better understand price action and market cycles. In the following sections, we will explain ETFs in detail, covering how they work, the different types of ETFs, their advantages and risks, and how traders and investors use them in the market. Definition An ETF (Exchange-Traded Fund) is a collection of assets bundled in

The S&P 500 (SPX) is currently correcting the strong advance from the 6317 low to the 7620 peak in wave 2. Based on the current Elliott Wave structure, the index appears to be forming a flat correction. Sub-waves ((a)) and ((b)) look complete, and SPX is now progressing lower in the final five-wave decline of wave ((c)). We expect wave ((c)) to extend toward the 7193–6953 area. This zone represents the 100%–161.8% Fibonacci extension of wave ((a)) and could provide an area for the correction to find support and trigger another bounce. The structure still allows for the possibility of a deeper decline. However, as long as SPX remains above the 6317 low, we expect the pullback to eventually find support. The correction could complete in 3, 7, or 11 swings, depending on how the structure

SHOP may face mixed momentum next quarter as revenue trends stabilize and margins tighten. Investors will watch subscription growth and enterprise adoption because these segments drive recurring cash flow. Management guidance will matter, especially if it signals stronger demand or slower consumer spending. Traders should expect higher volatility as markets react to earnings revisions and macro data. It holds a complex structure after weeks of tight consolidation. Price respects dynamic support and reacts near institutional zones. Bulls need a decisive close above resistance to confirm momentum. A break below support could trigger fast corrective waves. Volatility remains muted, yet it can expand with fresh catalysts. Elliott Wave Outlook: SHOP Daily Chart April 2026 Elliott Wave Outlook:

Carvana Co. (NYSE: CVNA) continues to show a constructive long-term Elliott Wave structure following the major decline that ended near the 2023 low. From that bottom, the stock developed a strong impulsive advance with multiple internal five-wave structures, supporting the broader bullish outlook. Based on the current chart structure, Carvana appears to have completed a larger wave I near the early 2026 high around $98.95. The stock has since entered a corrective phase labeled wave II. The correction appears to be unfolding as a complex W-X-Y structure. Wave W developed as the initial decline from the wave I peak. Price then formed an X-wave recovery before turning lower again. The current structure suggests that the final wave Y decline may still need to develop before the larger correcti

In our previous Elliott Wave update on First Trust Natural Gas ETF ($FCG), we highlighted the blue box area at 26.20–22.77 as the next important support zone where the ongoing correction from the April 2025 cycle could end. Since then, price has reached that area, and as expected, buyers have entered and triggered a reaction higher. This price action confirms that the blue box once again worked as a high-frequency reaction zone. As a result, the correction appears to have found support in the expected area, and the ETF is now starting to recover from that low. Blue Box Area Was Reached as Expected In the prior outlook, $FCG was viewed as pulling back in a 7-swing correction against the la

The short‑term Elliott Wave outlook for FTSE highlights a sustained bullish progression since the March 23, 2026 low. From that base, the Index has carved a clear five‑swing advance, which is classified as a motive sequence and supports the expectation of further upside. The initial rally produced wave ((i)) at 10,687.88, followed by a corrective pullback in wave ((ii)) that concluded at 10,132. This corrective action was contained and preserved the broader bullish structure, as reflected in the one‑hour chart. Subsequently, the Index resumed higher in wave ((iii)), reaching 10,747.01. A consolidation then unfolded, with wave ((iv)) completing at 10,447.55 in the form of a triangle. This pattern reinforced the continuation bias, as triangles typically precede the final leg of a motive sequ