The Global X Uranium ETF (URA) is designed to provide investors with exposure to the uranium mining industry. It includes companies involved in uranium mining, exploration, development, and production, as well as those producing nuclear components. With significant holdings in major uranium producers like Cameco, URA offers a way to invest in the nuclear energy sector’s growth amid increasing global demand for clean energy solutions. $URA Elliott Wave Chart Monthly Chart Uranium ETF (URA) Monthly Chart above shows the ETF ended wave ((II)) at 7.01. Up from there, the instrument is nesting higher as an impulse. Wave I ended at 31.6 and dips in wave II ended at 17.65. It resumed higher in wave ((1)) towards 33.66 and pullback in wave ((2)) ended at 22.79. Expect the instrument to extend high
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Elliott Wave Forecasts of 78 markets.
Elliott Wave View: USDJPY Looking to End Wave 5
Short Term Elliott Wave view in USDJPY suggests rally from 9.16.2024 low is in progress as a 5 waves diagonal. Up from 9.16.2024 low, wave (1) ended at 156.74 and pullback in wave (2) ended at 148.64 as 1 hour chart below shows. Pair resumed rally higher in wave (3) with internal subdivision as an impulse. Up from wave (2), wave 1 ended at 152.86 and dips in wave 2 ended at 151.79. Pair resumed higher in wave 3 towards 157.92 and pullback in wave 4 ended at 155.94. Final leg wave 5 ended at 158.04 which completed wave (3) in higher degree. Pullback in wave (4) unfolded as a flat structure. Down from wave (3), wave A ended at 157.34 and wave B ended at 158.07. Wave C lower ended at 156 which completed wave (4) in higher degree. Pair has resumed higher in wave (5). Up from wave (4), wave 1 e
Uranium Miners ETF (URA) Has Turned Higher
Uranium Miners ETF (URA) Has Turned Higher
SoFi Technologies (SOFI) Found Buyers To Extend Above $18
SoFi Technologies, Inc., (SOFI) provides various financial services in the US, Latin America & Canada. It operates through three segments; Lending, Technology Platform & Financial services. It is based in San Francisco, CA, comes under Financial Services sector & trades as “SOFI” ticker at Nasdaq. In last article, SOFI favored downside in C towards blue box area. It ended C as (4) correction at $13.75 low in blue box area & resumed rally towards $18 – $19.32 area to finish ((1)) or at least 3 swing bounce. SOFI – Elliott Wave Latest Daily View: It made all time low at $4.24 in December-2022 & then resume higher. It is showing higher high sequence since December-2022 low in daily. It placed I as impulse at $11.70 high in July-2023 started from August-2022 low as di
SoFi Technologies (SOFI) Found Buyers To Extend Above $18
Hedera HBAR Looking To Break Above $0.4 in wave ((5))
Hedera is a decentralized, open-source, proof-of-stake public ledger and HBAR is the native cryptocurrency of the platform, used for processing and securing transactions on the network. HBAR daily chart is showing an impulsive 3 waves structure up from 2023, moreover, the recent rally in wave ((3)) was the strongest achieving +830%. Then It did pullback in 3 waves within wave ((4)) so the daily cycle is looking for another rally in wave ((5)). Consequently, the coin will remain supported above recent December 2024 low $0.23 and it will continue the rally to break above the previous peak $0.39. In conclusion, HBAR daily cycle remains bullish and the current move to the upside will aim for the target area at $0.43 – $0.49 before another 3 waves pullback takes place. HBAR&
Hedera HBAR Looking To Break Above $0.4 in wave ((5))
S&P 500 ETF (SPY) Elliott Wave: Forecasting the Future Path
Hello fellow traders ! In this technical article, we’re going to take a quick look at the Elliott Wave charts of the SPY ETF , published in the members area of the website. As our members know, SPY remains overall bullish. However, currently it’s correcting the cycle from the August 504.84 low. In this article, we will explain the forecast and the best way to trade SPY. SPY H1 Update 12.23.2024 The ETF is bouncing against the 609.07 high, and currently, the recovery appears incomplete. We’ve seen a sharp rally from the lows, which looks impulsive. The current view suggests the correction can be unfolding as an Elliott Wave Zig Zag pattern while we are still in wave B. The short-term view suggests we could see another leg down in red wave B before red wave C takes place higher. Anyway
APTOS (APT) Last Buying Area Before Rally Above $19
APTOS APT rallied for 5 straight Months since August 2024 and made +255% move before the recent 45% drop. We discussed in our previous October 2024 Article how the coin established an impulsive bullish structure and most importantly why the next pullback will remain supported. APTOS ended an impulsive 5 waves advance on December 2024 in wave (1) and it did pullback in wave (2) within a classical 3 waves ZigZag structure. In addition, the correction traded lower into our technical equal legs area $9.8 – $8.6 so we expect the coin to turn higher from there as long as it stays above $6.76. The blue box showing in our chart is a technical area where we expect Aptos to find Buyers and react higher. After that, we expect the coin to start a new 5 waves advance or at least bou
American Express (AXP) Hit Target Extending in wave ((5))
American Express Company (Amex), symbol AXP, is an American multinational financial services corporation that specializes in payment cards. Headquartered in New York City, it is one of the most valuable companies in the world and one of the 30 components of the Dow Jones Industrial Average. AXP Weekly Chart April 2024 The stock has been building an extension as wave (V) of ((I)). Wave I ended at 189.03 high. Then, wave II built an expanded flat correction ending at 130.65 low. The wave ((1)) of III completed at 182.15 and pullback as a flat correction ended wave ((2)) at 140.91. From here, AXP started a strong rally that was wave ((3)) of III and we were looking for buying opportunities to trade in favor of the trend. (If you want to learn more about Elliott Wave Theory
American Express (AXP) Hit Target Extending in wave ((5))
SoFi Technologies (SOFI) Should Pullback To Offer Next Buying Opportunity
SoFi Technologies, Inc., (SOFI) provides various financial services in the US, Latin America & Canada. It operates through three segments; Lending, Technology Platform & Financial services. It comes under Financial Services sector & trades as “SOFI” ticker at Nasdaq. In last article, SOFI favors rally in (3), which ended at $17.19 high & favors corrective pullback in (4). It dropped in 5 swings in A & favors downside in C of (4) towards $14.08 – $12.47 area. SOFI – Elliott Wave Latest Daily View: It made all time low at $4.24 in December-2022 & then resume higher. It placed I as impulse bullish sequence at $11.70 high in July-2023 started from August-2022 low as diagonal. It ended corrective pullback in II as zigzag correction at $6.01 low in August-2024 low.
SoFi Technologies (SOFI) Should Pullback To Offer Next Buying Opportunity
Nasdaq ETF (QQQ): Elliott Wave Forecasting the Future Path
Hello traders and investors! In this technical article, we’re going to take a quick look at the Elliott Wave charts of the Nasdaq ETF QQQ, published in the members area of the website. As our members know, QQQ is showing impulsive bullish sequences in the cycle from the August 420.16 low. As a result, we are favoring long side at this stage. However, we believe the H4 pullback is still incomplete and could provide another leg down. We will explain the reasons behind this Elliott Wave forecast and how to trade it further in this article. QQQ H1 Update 12.24.2024 The ETF shows 5 waves down from the 539.15 peak, suggesting we have ended only a first leg of potential Zig Zag pattern. QQQ is currently doing 3 waves recovery against the 539.15 high, labeled as (B) blue. Structure of the bo
SPX : Elliott Wave Forecasting the Future Path
Hello traders ! In this technical article, we’re going to take a quick look at the Elliott Wave charts of the SPX index, published in the members area of the website. As our members know, SPX remains overall bullish, currently correcting the cycle from the August 5118.95 low. In this article, we will explain the forecast and the best way to trade SPX. SPX H1 Update 12.24.2024 The index is bouncing against the 6098.045 high, and currently the recovery appears incomplete at the moment. We’ve seen a sharp rally from the lows, which looks impulsive. The current view suggests another leg up toward the 6051.2 area to complete a 3-wave bounce in the (X) blue recovery. From there, we could see another leg down in the (Y) blue wave to complete the 4-hour pullback against the August 5118.9 low. As o
SPX : Elliott Wave Forecasting the Future Path
Ethereum ETHUSD Buying The Dips After Elliott Wave Double Three
Hello traders ! In this article we’re going to take a quick look at the Elliott Wave charts of Ethereum ETHUSD published in members area of the website. As our members know ETHUSD has given us nice bullish trading setup recently. We got a pull back that has ended at the Blue Box zone,our buying area. In the further text we are going to explain the Elliott Wave Forecast and trading setup. ETHUSD Elliott Wave 1 Hour Chart 12.19.2024 Ethereum is currently in a correction, forming an Elliott Wave Double Three pattern. The structure is still incomplete, and the pullback is creating lower lows. ETHUSD is likely to drop further into the 1139.8 – 2788.3 range (blue buying zone). We don’t recommend selling ETHUSD and prefer looking for buying opportunities. From this zone, ETHUSD
Ethereum ETHUSD Buying The Dips After Elliott Wave Double Three
Elliott Wave View: EURGBP Rally Expected to Fail
Short Term Elliott Wave view of EURGBP suggests decline from 8.8.2024 high ended as wave (1) at 0.8219 as an impulse. Down from 8.8.2024 high, wave 1 ended at 0.8295 and rally in wave 2 ended at 0.844. Wave 3 lower ended at 0.826 and rally in wave 4 ended at 0.8375. Down from there, wave ((i)) of 5 ended at 0.8268 and wave ((ii)) of 5 ended at 0.8364. Wave ((iii)) of 5 lower ended at 0.8225 and wave ((iv)) of 5 ended at 0.8327. Final wave ((v)) of 5 ended at 0.8222. This completed wave (1) in higher degree. Wave (2) corrective rally is in progress with internal subdivision as a zigzag Elliott Wave structure. Up from wave (1), wave A ended at 0.8313 and pullback in wave B ended at 0.8268. Wave C higher is in progress as an impulse structure. Up from wave B, wave ((i)) ended at 0.8314 and pu
Rigetti Computing RGTI Hit Another Target. Possible Extension Ahead.
RGTI has risen rapidly in value in recent days attracting the attention of investors. Here we have the 15-minute chart. Applying the Elliott Waves principle, the stock should find support in 5.89 – 7.07 area to complete a wave 4. This would generate a new rally on wave 5 that could reach around 8.94 – 10.25 or extend higher. RGTI 15 Min Chart 12.11.2024 RGTI 15 Min Chart 12.11.2024 In any case, as long as the market respects the 5.89 – 7.07 area, RGTI must continue with the upward movement and break above wave 3 to reach at least 8.94 – 10.25. If the market closes below 5.89, it would open the possibility that the value of the stock will drop to 4.00 before looking for another move higher. RGTI 5 Min Chart 12.11.2024 (Market Closed) RGTI 5 Min Chart 12.11.2024 (Market Closed) RGTI found su
Rigetti Computing RGTI Hit Another Target. Possible Extension Ahead.
Netflix Stock (NFLX) Buying the Dips at the Blue Box Area
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Netflix (NFLX) Stock published in members area of the website. Our members are aware of the numerous positive trading setups we’ve had recently. One of them is NFLX, which made a pullback that concluded right at the Equal Legs zone (Blue Box Area). In the following text, we’ll delve into the Elliott Wave pattern and trading setup. NFLX H1 update 12.18.2024 Netflix stock is currently in a wave 4red pullback, unfolding as 3 waves ((a))((b))((c)) pattern. The stock should ideally see an extension down toward the blue box-buying zone: the 896.73-876.79 area. We expect the stock to rally toward new highs or bounce in 3 waves from there. When the price retraces to the 50% F
Netflix Stock (NFLX) Buying the Dips at the Blue Box Area
Netflix Is In Process Of Doing Five Waves Advance
Short Term Elliott Wave view in Netflix ticker symbol: $NFLX suggests that rally from 8.05.2024 low is incomplete & should continue upside. It is showing 3 swing higher since August-2024 low & expect more upside against 11.18.2024 low. It ended 1 at $736 high as diagonal & 2 correction at $669 low. Within 1, it placed ((i)) at $711.33 high, ((ii)) at $660.80 low & ((iii)) at $728 high. Wave ((iv)) ended at $696.43 low & finally ((v)) ended at $736 high as wave 1. Within 2 correction, it placed ((a)) at $699.78 low, ((b)) at $710.24 high & ((c)) at $669 low near 50% Fibonacci retracement of 1. Above 2 low, it favors upside in wave 3 in another 5 waves impulse sequence. Whereas wave ((i)) ended at $773 high, wave ((ii)) ended at $744.26 low. Wave ((iii)) end
Toll Brothers (TOL) Favors Pullback Before Rally
oll Brothers, Inc., (TOL) designs, builds, markets, sells & arranges finance for the range of detached & attached homes in Luxury residential communities in the United States. It also owns & operates architectural, engineering, mortgage, title, land development, insurance, smart home technology, landscaping, lumber distribution, house component assembly & manufacturing operations. It comes under Consumer Cyclical sector & trades as “TOL” ticker at NYSE. As discussed in previous article, TOL favored upside in ((5)) from July-2024 low, which ended at $169.52 high. Below there, it favors corrective pullback in IV against October-2022 low before rally resumes in V of (III). TOL – Elliott Wave Latest Daily View: TOL – Elliott Wave Latest Daily View: In weekly, it
Toll Brothers (TOL) Favors Pullback Before Rally
Bank of America Corp. $BAC Blue Box Area Offers A Buying Opportunity
Hello everyone! In today’s article, we’ll examine the recent performance of Bank of America Corp. ($BAC) through the lens of Elliott Wave Theory. We’ll review how the rally from the August 05, 2024, low unfolded as a 5-wave impulse and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. 5 Wave Impulse Structure + ABC correction $TSLA $BAC 4H Elliott Wave Chart 12.19.2024: $BAC In the 4-hour Elliott Wave count from December 19, 2024, we see that $BAC completed a 5-wave impulsive cycle beginning on August 05, 2024, and ending on November 29, 2024, at the black ((3)). As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 3 swings first, likely finding buyers in the equal l
Bank of America Corp. $BAC Blue Box Area Offers A Buying Opportunity
Cardano Looking To Turn Higher From Elliott Wave Blue Box Area
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Cardano ticker symbol: $ADAUSD. We presented to members at the elliottwave-forecast. In which, the rally from the June 2023 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 crypto & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below: Cardano 4-Hour Elliott Wave Chart From 12.19.2024 Cardano Looking To Turn Higher From Elliott Wave Blue Box Area Here’s the 4-hour Elliott wave chart from the 12.19.2024 update. In which, the cycle from the 8.05.2024 low ended in wave ((3)) at $1.327 high. Down from there, the ADA
Cardano Looking To Turn Higher From Elliott Wave Blue Box Area
EURGBP Elliott Wave Analysis – where can sellers enter again?
EURGBP has been one of the most fascinating currency pairs in the forex market for years. After a minor bounce in July, the pair broke lower again and is now approaching the March 2022 lows. Consequently, we expect the downside to continue for several weeks toward our projected targets. So, when and where should traders look for opportunities? Between July 2015 and March 2020, the pair completed a 5-wave bullish cycle. According to Elliott Wave Theory, a 3-wave correction typically follows a 5-wave trend. This is precisely what unfolded. Since March 2020, the pair has experienced multiple sell-offs to correct the nearly 5-year trend. We identified this corrective phase as a double zigzag structure, a 7-swing pattern. The first leg (wave W) ended in March 2022 but remains incomplete. Wave X
EURGBP Elliott Wave Analysis – where can sellers enter again?
Rigetti Computing RGTI Hit Target, What is Next?
RGTI has risen rapidly in value in recent days attracting the attention of investors. Here we have the 15-minute chart. Applying the Elliott Waves principle, the stock should find support in 5.89 – 7.07 area to complete a wave 4. This would generate a new rally on wave 5 that could reach around 8.94 – 10.25 or extend higher. RGTI 15 Min Chart 12.11.2024 RGTI 15 Min Chart 12.11.2024 In any case, as long as the market respects the 5.89 – 7.07 area, RGTI must continue with the upward movement and break above wave 3 to reach at least 8.94 – 10.25. If the market closes below 5.89, it would open the possibility that the value of the stock will drop to 4.00 before looking for another move higher. RGTI 5 Min Chart 12.11.2024 (Market Closed) RGTI 5 Min Chart 12.11.2024 (Market Closed) RGTI found su
Rigetti Computing RGTI Hit Target, What is Next?
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