Quick summary IONQ’s weekly picture shows a large, multi‑leg corrective sequence resolving the cycle that began at the December 2022 low. The market completed a five‑wave advance into a larger degree top and is now working through a double‑three corrective decline. This post explains the structure in plain language, highlights the levels to watch, and recommends waiting to buy only after the correction completes and the weekly structure confirms a durable turn. Weekly Chart — Double Three Correction in Progress Chart headline — Complex corrective structure; wave y still unfolding The weekly count maps the cycle from the December 2022 trough. The prior advance developed as a contracting diagonal and completed a five‑wave sequence that finished the larger degree (I) near $84.64. Key pivots i

Eli Lilly & Company (LLY) discovers, develops & markets human pharmaceuticals worldwide. It comes under Healthcare sector & trades as “LLY” ticket at NYSE. In daily, LLY favors rally as nest structure, while above 9.11.2026 low. Further upside above upper trend-line will confirm the view. Buyers can enter in 3, 7 or 11 swings against 9.11.2026 low. 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 correctio

As the largest gold mining company globally, Newmont Corporation (NEM) plays a prominent role in the precious metals sector, with additional exposure to copper, silver, zinc, and lead production. Historically, its share price has responded closely to shifts in the economic landscape and sentiment toward gold, and the current Elliott Wave pattern points to the potential for further upside in the coming cycles. Newmont Monthly Elliott Wave Chart Newmont Mining (NEM) maintains a bullish Elliott Wave profile, supported by multiple layers of impulsive nesting across higher degrees. After completing Wave ((I)) at $81.92, the stock entered a deep Wave ((II)) correction that ended at $12.75. The subsequent rally marks the continuation of a larger Wave ((III)) advance. Within this bullish structure

Hello fellow traders. In this technical article, we’ll look at the Copper Futures (HG_F) Elliott Wave charts published in our members’ area. As our members know, Copper is forming an Elliott Wave Zigzag pattern within the cycle that started at the 6.7885 high. After identifying five waves down from that peak, we expected another five-wave move lower. Let’s break down the Elliott Wave structure and explain how we forecasted the path ahead. For those who are not familiar with the most common Elliott Wave structures, we recommend checking out our Free Educational Page to learn more. HG_F Elliott Wave 1  Hour  Chart 10.21.2026 Copper has formed a clear five-wave decline within the cycle from the 6.788 peak, followed by a three-wave bounce. This is a textbook example of an Elliott Wav

Netflix (NFLX) continues to exhibit an incomplete bearish sequence from the June 30, 2025 high, and the structure still calls for additional downside. The broader decline maintains a potential target at the 100% Fibonacci extension near $50, which remains the primary extreme area for the current cycle. In the short term, the sequence from the September 3, 2026 high is progressing as an impulse. Within this decline, wave (1) ended at $66.54, and the subsequent rally in wave (2) concluded at $73.08, as reflected in the thirty‑minute chart referenced earlier. The stock has since broken below the prior wave (1) low, which confirms that the next leg lower is underway. From the wave (2) peak, wave ((i)) finished at $69.69, followed by a rally in wave ((ii)) that ended at $70.66 in a running flat

USO has broken higher as anticipated and is now targeting the $180 level. Following the successful trajectory of our previous analyses, what should traders and investors expect next for this instrument? USO (United States Oil Fund) is an exchange-traded fund (ETF) designed to track the daily price movements of West Texas Intermediate (WTI) crude oil. Instead of holding physical oil, the fund primarily invests in near-term WTI crude oil futures contracts traded on the NYMEX. USO prices continue to surge, extending the bullish cycle that began in April 2020. Having gained over 800% since that low, the fund shows significant potential for further upside. The broad bullish trend is currently evolving as an impulse wave structure for wave ((3)). This aligns with the ana

Hewlett Packard Enterprise (NYSE: HPE) maintains a bullish long-term Elliott Wave outlook despite its recent decline. The weekly chart suggests that an impulsive rally from the $11.61 low has completed wave ((3)), leaving the stock vulnerable to a corrective wave ((4)) before another potential advance. HPE Elliott Wave Structure Following the major wave II bottom at $11.61, HPE is showing an incomplete bullish sequence in three swings which appears to have completed the larger-degree wave ((3)) near the recent highs. The latest weekly candle shows a sharp pullback, consistent with the possibility that wave ((4)) is beginning. Corrections often unfold through multiple swings rather than a straight decline. Consequently, an initial bounce would not necessarily mean the correction has finishe

Hello Traders ! In this article, we’ll look at the price action of the GBPCAD and the potential near-term outlook. As our members know, the pair completed a three-wave pullback into the Equal Legs area. Buyers stepped in and triggered a decent rally. Let’s examine the Elliott Wave structure and the key levels to watch for the next move in GBPCAD. GBPCAD Elliott Wave 1  Hour  Chart 10.14.2026 GBPCAD had been forming a three-wave correction. The price structure suggested that the pullback was incomplete, with another leg down expected to complete the pattern. As our members know, we use the Equal Legs zone to identify the buyers’ area where a correction will complete. We calculate this zone using the Fibonacci Extension tool, projecting the 1.0–1.236 extension of wave W red relativ