Financial markets have evolved dramatically over time, moving from human-dominated trading floors to highly automated, algorithm-driven systems. Two concepts that represent these different eras are the Elliott Wave Theory and high-frequency trading (HFT),  Elliott Wave Theory focuses on market psychology and recurring price patterns. HFT on the other hand relies on advanced algorithms and ultra-fast execution. Elliott Wave Theory The Elliott Wave Theory, developed by Ralph Nelson Elliott in the 1930s, suggests that financial markets move in predictable patterns driven by collective investor psychology. According to the theory, prices move in a series of five impulsive waves in the direction of the main trend. It was then followed by three corrective waves against the trend. These

Following the formation of a significant low at $80,537 on November 21, 2025, Bitcoin has traded in a sideways-to-upward trajectory. The advance from this level is unfolding as a double three corrective structure under the Elliott Wave framework. Within this formation, wave (W) concluded at $94,172, followed by a pullback in wave (X), which ended at $84,398. The subsequent wave (Y) is currently in progress and is itself subdividing into a smaller-degree double three structure. From the termination of wave (X), wave W of the lesser degree completed at $94,792. A corrective decline in wave X followed, bottoming at $89,190. The ongoing wave Y is developing as a zigzag structure labeled ((a))-((b))-((c)). Within this sequence, wave ((a)) is unfolding as an impulsive five-wave move. Specificall

Hello everyone! In today’s article, we’ll review the recent performance of SPDR Financial Sector ($XLF) through the lens of Elliott Wave Theory. We’ll look at how the pullback from all-time highs unfolded as a textbook 3-swing correction and discuss what could come next. Let’s explore the structure and the expectations for this ETF. 5 Wave Impulse Structure + ABC correction $XLF 1H Elliott Wave Chart 1.12.2026: In the 1-hour Elliott Wave chart from January 12, 2026, $XLF completed a clear 5-wave impulsive cycle labeled blue (i). After such a move, a corrective pullback is typical. As expected, the ETF began to retrace in three swings, forming what we identify as an ABC correction. The price action suggested that buyers would likely appear near the blue box area between $55.15 and $54.46. T

Newmont Mining (NEM) is the world’s largest gold producer, with a diversified portfolio of mines and projects spanning North America, South America, Australia, and Africa. Founded in 1921 and headquartered in Denver, Colorado, the company plays a central role in the global precious metals market, offering investors exposure to gold and other resources through its scale, operational expertise, and long-standing industry presence. This article looks at the Elliott Wave Outlook for the stock. Newmont Monthly Elliott Wave Chart Newmont Mining (NEM) is in the midst of a strong bullish advance, highlighted by its monthly Elliott Wave structure. The chart points toward a breakout that should c

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of EURJPY. In which, the rally from 31 July 2025 low is unfolding as an impulse sequence. Therefore, called for more upside to take place. We knew that the structure in the pair should remains incomplete & should see more upside. So, we advised members not to sell the pair & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below: EURJPY 1-Hour Elliott Wave Chart From 1.07.2026 Here’s the 1-hour Elliott wave Chart from the 1.07.2026 London update. In which, the rally to 184.92 high completed wave ((iii)) & made a pullback in wave ((iv)). The internals of that pullback unfolded as Elliott wave double correction&nb

Wave (II) Looks Complete, Right-Side Remains Bullish, and Wave (III) Targets Higher Prices Ahead Builders FirstSource (NYSE: BLDR) continues to show a strong bullish outlook based on Elliott Wave Theory. The monthly chart highlights an impressive impulsive advance into the peak of wave (I). After that strong rally, the stock entered a larger corrective phase. This correction formed a W-X-Y structure and likely completed wave (II) inside the blue box support area. Wave (II) Correction Likely Completed – Bullish Right Side Remains Intact During the correction, price tested key Fibonacci areas near 118.91 and the deeper 66.76 level. This zone created a major support region and helped the market stabilize. The Right Side tag still favors the bullish direction. The invalidation level remains fa

The short-term sequence from the December 24, 2025 low is unfolding as a double three Elliott Wave structure. From that low, wave ((a)) advanced to 98.5. A corrective pullback in wave ((b)) followed and ended at 98.14. Wave ((c)) then moved higher, reaching 98.86, which completed wave W at a higher degree. Afterward, wave X retraced and finished at 98.16. From this point, the Index resumed its upward path in wave Y. This leg subdivides into another zigzag of lesser degree. Rising from wave X, the Index appears ready to extend one more push higher to complete wave ((a)). Once that advance is achieved, a corrective pullback in wave ((b)) should unfold. This correction will adjust the cycle that began from the January 6, 2025 low. Afterward, the sequence is expected to resume higher. The pote

COP Keeps Its Long-Term Bullish Elliott Wave Structure Intact, with Strong Upside Potential Toward Key Fibonacci Targets. ConocoPhillips continues to show a strong long-term bullish trend using Elliott Wave analysis. The quarterly chart shows a clear impulsive rally from historic lows. The Right Side tag stays bullish as long as price remains above the invalidation level near 3.02. This level is far away from current prices. So, the broader trend remains upward. Pullbacks should act as corrections, not the start of a bearish cycle. From the earlier historical lows, COP has developed a multi-decade impulsive advance. A clear Wave I, II, and III structure has unfolded over the years, and Wave III is now progressing in its final swings. Each corrective phase has resolved in favor of the large

As a bellwether industrial stock, Caterpillar often reflects the underlying strength of the economy and signals long-term market positioning. Its price behavior tends to lead broader market trends, offering insight into structural phases rather than short-term fluctuations. Viewed through this lens, $CAT’s current action suggests stability and leadership, supporting the idea that the $SPX is not topping but instead forming a durable base for a higher long-term move. Within our Elliott Wave Theory framework, Caterpillar ($CAT) is entering, or may already be within wave ((II)). Wave ((III)) is historically recognized for its strength and vertical price action, occurring when market participants broadly align on one side of the market. Pullbacks in this phase are often regarded as profit-taki

NOC remains in a strong long-term bullish structure, but the Elliott Wave cycle looks mature and may retest recent highs before a deeper corrective phase begins. Northrop Grumman Corporation (NYSE: NOC) remains in a strong long-term bullish trend on the monthly chart. The stock has shown years of steady growth supported by a clear Elliott Wave structure. However, the current cycle now looks mature and may be close to completing. Before this cycle ends, price may retest or slightly break recent highs. The Elliott Wave counts show that Northrop Grumman completed a major long-term Wave II correction in the past. This correction helped reset the market and prepared it for a powerful new bullish phase. After Wave II ended, the stock started a strong impulsive advance. It developed into a multi-

The short-term sequence of the S&P 500 (SPX) from the November 21, 2025 low reveals a diagonal Elliott Wave structure currently unfolding. A diagonal is characterized by five waves, with the distinctive feature of overlapping between waves one and four. From the November 21 low, wave ((i)) advanced to 6903.46, followed by a corrective pullback in wave ((ii)) that concluded at 6719.8. The Index then resumed its upward trajectory in wave ((iii)), which subdivided into an impulsive structure. Within this advance, wave (i) terminated at 6815.19, while wave (ii) dipped to 6758.5. Momentum strengthened as wave (iii) extended higher, reaching 6882.03, before a modest retracement in wave (iv) ended at 6868.81. The final leg, wave (v), carried the Index to 6945.77, completing wave ((iii)).

The DAX continues to advance to new highs, confirming that the right side of the market remains bullish. The decline from the November 21, 2025 low at 22,943 marked the end of wave (2). From that level, the Index began a rally in wave (3), unfolding with clear internal subdivisions consistent with an impulsive Elliott Wave structure. Wave ((i)) concluded at 23,392.2, followed by a pullback in wave ((ii)) that ended at 23,139.27. The Index then extended higher in wave ((iii)) toward 23,883.98. A corrective dip in wave ((iv)) found support at 23,433.48. The final leg, wave ((v)), carried prices to 24,474.62, completing wave 1 of a higher degree sequence. After this advance, the Index corrected in wave 2, which unfolded as a zigzag. Wave ((a)) ended at 24,173.28, wave ((b)) at 24,318.3, and w