The short-term Elliott Wave perspective for Dow Futures (YM) indicates that the wave IV pullback concluded at 40725, as illustrated in the 1-hour chart below. The Index has begun to climb in wave V. However, it must still surpass the prior peak of 45227, set on January 31, 2025, to eliminate the possibility of a double correction downward. The rally from the wave IV low has so far unfolded in three swings. For greater confidence in continued upward momentum, it’s advisable to wait until a five-swing pattern emerges. The rally from wave IV is expected to develop as a five-swing diagonal Elliott Wave structure. From the wave IV low, wave ((i)) peaked at 41905, followed by a wave ((ii)) pullback that bottomed at 41587. Wave ((iii)) then advanced to 42388, with the subsequent wave ((iv)) pullb

Short Term Elliott Wave view in CADJPY suggests pair ended cycle from 11.20.2024 high in wave (W) at 101.35 as the 1 hour chart below shows. Pair is looking to correct cycle from 11.20.2024 high within wave (X). Internal subdivision of wave (X) is unfolding as a double three Elliott Wave structure. Up from wave (W), wave ((a)) ended at 103.64 and pullback in wave ((b)) ended at 102.02. Wave ((c)) higher ended at 105.029 which completed wave W in higher degree. Down from there, wave ((a)) ended at 104.16 and wave ((b)) rally ended at 104.92. Wave ((c)) lower ended at 103.13 which completed wave X in higher degree. The pair resumes higher in wave Y with subdivision as a double three structure. Up from wave X, wave ((w)) ended at 105.49. Pullback in wave ((x)) is in progress to correct cycle

Short Term Elliott Wave view in USDJPY suggests that rally from 3.11.2025 low is in progress as a double zigzag structure. A double zigzag structure is a 7 swing double three Elliott Wave structure. There are 2 sets of ABC zigzag structure connected together, thus why the name is double zigzag. Up from 3.11.2025 low, wave A ended at 149.2 and wave B ended at 147.4. Wave C higher ended at 150.1 and this completed the first zigzag structure and end wave (W) in higher degree as the 45 minutes chart below illustrates. Pullback in wave (X) ended at 148.1 and pair has resumed higher in wave (Y). Internal subdivision of wave (Y) is unfolding as another zigzag structure. Up from wave (X), wave ((i)) ended at 149.66 and wave ((ii)) pullback ended at 148.6. Up from there, pair is nesting higher

The Sprott Physical Silver Trust (PSLV) is a closed-end fund designed to provide investors with a secure and convenient way to invest in physical silver bullion. Launched by Sprott Asset Management, PSLV holds nearly all its assets in physical silver, stored in secure vaults, and its stock price closely tracks the spot price of silver. Below we will look at the long term Elliott Wave technical outlook of the instrument: PSLV Weekly Elliott Wave Chart Sprott Physical Silver Trust (PSLV) Weekly outlook above suggests that the instrument formed major wave (II) / (b) low at 4.34 on March 2020. From there, it has started an impulsive rally higher. Wave I ended at 10.46 and pullback in wave II ended at 6.16 as an expanded flat structure. Wave III higher is now in progress as an impulse. Up from

Hello, fellow traders! If you’re new to Elliott Wave, this article will guide you on where to begin. Elliott Wave Theory is one of the most powerful methods used in technical analysis to predict financial market cycles and trends. By identifying extremes in investor psychology, it offers a structured way to analyze the market. Elliott Wave Theory has a pattern for nearly every conceivable price structure, giving traders a unique tool for identifying opportunities. However, learning all the different patterns can take months or even years. But as with any great journey, it all begins with a single step. So, let’s get started. When analyzing the chart of any financial instrument, you’ll notice that every significant market reversal is preceded by a 3-wave correction. Sometimes, identify

Short Term Elliott Wave view in Silver (XAGUSD) suggests rally from 2.28.2025 low is in progress as a 5 waves impulse. Up from 2.28.2025 low, wave ((i)) ended at 32.76 and pullback in wave ((ii)) ended at 31.79 as a zigzag structure. Down from wave ((i)), wave (a) ended at 32.08 and wave (b) ended at 32.66. Wave (c) lower ended at 31.79 which completed wave ((ii)). Up from there, wave ((iii)) higher unfolded as a 5 waves impulse in lesser degree. Up from wave ((ii)), wave (i) ended at 33.31 and dips in wave (ii) ended at 32.92. Wave (iii) higher ended at 34.08 and pullback in wave (iv) ended at 33.41. The final leg wave (v) ended at 34.23 which completed wave ((iii)) in higher degree. Pullback in wave ((iv)) is proposed complete with internal subdivision as a zigzag. Down from wave ((iii))

Short Term Elliott Wave view in Bank of America (BAC) suggests wave ((3)) rally ended at 48.56. Wave ((4)) pullback unfolded as a double three Elliott Wave structure. Down from wave ((3)), wave (W) ended at 43.35 and wave (X) ended at 46.96. Wave (Y) lower unfolded as a zigzag Elliott Wave structure. Down from wave (X), wave A ended at 42.03 and wave B ended at 43.66. Final wave C lower ended at 39.19 which completed wave (Y) of ((4)) in higher degree. The stock has turned higher in wave ((5)). However, it still needs to break above wave ((3)) at 48.56 to rule out a double correction. Up from wave ((4)), wave ((i)) ended at 40.66 and pullback in wave ((ii)) ended at 39.20. It has since resumed higher in wave ((iii)) towards 41.83 and pullback in wave ((iv)) ended at 41.3. Expect final leg

In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Netflix ticker symbol: NFLX. We presented to members at the elliottwave-forecast. In which, the rally from May 2022 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: Netflix 4-Hour Elliott Wave Chart From 3.06.2025 Here’s the 4-hour Elliott wave chart from the 3.06.2025 update. In which, the cycle from the March 2023 low ended in wave III at $1065.05 high. Down from there, the stock made a pullback in wave IV to correct that cycle. The internals of tha

GE Vernova Inc. (GEV) has been trending higher, and its Elliott Wave structure suggests the uptrend will continue. The recent pullback appears to be wave (II), setting the stage for a new bullish move. Elliott Wave Analysis The chart shows a clear five-wave impulse to the upside, labeled as wave (I), which peaked earlier this year. After that, a corrective phase unfolded, completing wave (II) at a key support level of $266.08. This level aligns with the Fibonacci retracement zone, providing a strong base for the next bullish leg. Now, the stock is in the early stages of wave (III), which typically extends and sees the strongest price acceleration in an Elliott Wave cycle. The forecast suggests a move beyond the previous peak, with price targets in the $450–$500 range. Additionally, th

Gold Miners ETF (GDX) shows incomplete bullish sequence from 30 December 2024 low favoring more upside. Up from 30 December, wave (1) ended at 43 and pullback in wave (2) ended at 38.58. Wave (3) higher is in progress with internal subdivision as a 5 waves impulse Elliott Wave structure. Up from wave (2), wave 1 ended at 42.31 and pullback in wave 2 ended at 40.2 as the 30 minutes chart below shows. Wave 3 higher is in progress as another impulse in lesser degree. Up from wave 2, wave ((i)) ended at 41.22 and pullback in wave ((ii)) ended at 40.71. The ETF then nested higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 42.04 and pullback in wave (ii) ended at 41.22. Wave (iii) higher ended at 43.87 and pullback in wave (iv) ended at 43.21. Final leg wave (v) ended at 45.65

Elliott Wave Analysis Suggests a Strong Bullish Cycle as PEL Completes Wave II Correction Piramal Enterprises Ltd (PEL) has completed its Wave II correction. Now, the stock is in the early stages of a strong bullish cycle. The Elliott Wave count suggests that the stock has formed a significant bottom and is set to advance in an impulsive Wave III. The invalidation level remains at 333 INR. As long as the price stays above this mark, the bullish outlook remains intact. The right-side tag further confirms that the stock favors higher prices in the long term. Wave Structure and Market Outlook:  Previously, PEL completed a five-wave advance, marking the end of a higher-degree Wave I. A corrective Wave II followed, pushing prices lower. Now, the market has started a fresh impulse, wit

Short term outlook in Netflix (NFLX) suggests that the ETF has ended wave IV at 853.68. Decline from 2.18.2025 high is in progress as a zigzag Elliott Wave structure. Down from 2.18.2025 high, wave ((A)) ended at 955 and wave ((B)) ended at 1000.89. Wave ((C)) lower unfolded in 5 waves impulse structure. Down from wave ((B)), wave (1) ended at 958.17 and wave (2) ended at 995.6. Wave (3) lower ended at 858.11 and wave (4) rally ended at 896.9. Final leg wave (5) ended at 853.6 which completed wave ((C)) of IV. The stock has resumed higher in wave V, but it still needs to break above 2.18.2025 high at 1065.05 to rule out a double correction. Up from wave IV, wave (1) ended at 927.18 and wave (2) pullback ended at 887.5. The stock has resumed higher in wave (3). Up from wave (2), wave 1 ende

Boston Scientific Corporation (BSX) develops, manufactures & markets medical devices for use in various interventional medical specialties worldwide. It operates through MedSurg & Cardiovascular segments. It offers devices to diagnose & treat different medical conditions & offer remote patient management systems. It comes under Healthcare sector & trades as “BSX” ticker at NYSE. BSX favors rally in V of (III) started from $93.29 low after correction ended in daily blue box area. It expects rally to extend towards $110.46 – $116.45 area to finish the impulse started from March-2020 low. BSX – Elliott Wave Latest Daily View:  In weekly sequence, it placed (II) at $24.10 low in March-2020 & II of (III) at $34.98 low in June-2022. Above there, it placed III of (III

The EURO STOXX 50 tracks the Eurozone’s supersector leaders, resulting in a diversified and liquid portfolio. The index’s weighting is based on free-float market capitalization, with a maximum weight of 10 percent per constituent. The blue-chip benchmark underlies more than 25 billion euros in ETF assets, while futures and options on the index are the most actively traded equity index derivatives on Eurex. More than 160,000 structured products are linked to the EURO STOXX 50. EURO STOXX formed a peak in 2000 which was followed by a 9 years’ long correction which ended in 2009. It has since been edging higher gradually and has finally managed to make a new high above 2000 peak in 2025 to officially mark the start of a new bull run in the Index. EURO STOXX bulls waited 25 years to retak