Correction Resumes in S&P 500 E‑Mini Futures (ES) per Elliott Wave Outlook
The S&P 500 E‑Mini Futures (ES) reached an all‑time high of 7043 on January 28, 2026. Since that peak, the market has entered a larger degree correction, signaling the completion of the cycle that began from the April 2025 low. The current decline is unfolding as part of a corrective phase, and the internal structure of the pullback is developing into a double three Elliott Wave pattern. From the January 28 high, wave W concluded at 6584.5. The subsequent rally in wave X ended at 6852.65, as illustrated on the one‑hour chart. Following this, wave Y has begun to unfold lower in the form of a zigzag. Within wave Y, wave ((a)) finished at 6483.5, while wave ((b)) rallied to 6748. The market has since resumed its downward trajectory, suggesting that the correction remains in progress. The
Advanced Micro Devices Inc. (AMD) achieved an all‑time high of $267.08 on 29 October 2025. Following this peak, the stock began a larger degree pullback that unfolded in a classic three‑swing zigzag Elliott Wave structure. From the October high, wave ((A)) concluded at $194.28, while wave ((B)) retraced upward to $266.96. The final leg, wave ((C)), moved lower and ended at $185.18, as illustrated on the one‑hour chart. This sequence completed wave II at a higher degree, marking the end of the corrective phase. The corrective nature of the pullback was evident, consisting of three distinct swings. Importantly, the decline terminated within the 100% to 161.8% Fibonacci extension of wave ((A)), a common zone for corrective completions. Since the third leg did not extend to the full 161.8% lev
Three-Wave Structure in Elliott Wave: Complete Guide to Corrective Waves
What is the Three-Wave Structure? The three-wave structure is a fundamental concept in Elliott Wave Theory that explains how markets move during corrective phases. Unlike trending moves, corrective waves follow a three-wave pattern labeled A–B–C, moving against the direction of the dominant trend. In simple terms, the three-wave structure represents market corrections, where price temporarily retraces before continuing in the primary direction. To fully understand the three-wave structure, it’s important to first learn the fundamentals of Elliott Wave Theory. Understanding this structure is essential for traders who want to identify pullbacks, reversals, and high-probability entry zones. How the Three-Wave Structure Works Markets move in cycles: Impulse (trend) → 5 waves Correction (counte
Dow Futures (YM): Tracking a Double Three Elliott Wave Pattern
Dow Futures (YM) is correcting the larger degree cycle that began from the April 2025 low. The current decline is unfolding as a double three Elliott Wave structure, which highlights a complex corrective phase rather than a simple retracement. From the all-time high on February 10, 2026 at 50,611, wave W finished at 46,333, while the subsequent rally in wave X reached 48,275, as shown in the one-hour chart. The ongoing wave Y is progressing with internal subdivision that takes the form of a zigzag, consistent with the broader corrective framework. From the peak of wave X, wave ((a)) dropped to 45,453, followed by wave ((b)) which appears complete at 47,210. In the near term, as long as rallies remain capped below 47,210 and more importantly below 48,275, the expectation is for the Index to
VRTX Weekly Outlook: Pullback in ((2)) Before a Strong Rally
Vertex Pharmaceuticals Incorporated (VRTX), operates as Biotechnology company in the United States, Europe & internationally. It offers transformative medicines for people with serious diseases of different age groups. It comes under Healthcare – Biotech sector & trades as “VRTX” ticker at Nasdaq. In weekly, it favors bullish sequence & expect rally, while pullback holds above August-2025 low. It favors rally in (III), which will confirm, when it breaks above November-2024 high. Currently, it favors correction in ((2)) in 3 or 7 swings against 8.11.2025 low before next rally. In weekly, it placed ((I)) at $306.08 high in July-2020 & ((II)) at October-2021 low of $176.36. Above there, it ended (I) of ((III)) at $519.88 high in November-2024 & (II) at $362.50 low in Augus
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Bitcoin. In which, the decline from 14 January 2026 high ended 5 waves in an impulse sequence and showed a lower low sequence in a corrective pattern. Therefore, we knew that the structure of Bitcoin is incomplete to the downside & should see more weakness. So, we advised members to sell the bounces in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below: Bitcoin 4-Hour Elliott Wave Chart From 3.02.2026 Bitcoin Faces Textbook Rejection at Blue Box Zone Here’s 4-hour Elliott wave Chart from the 3.02.2026 update. In which, the decline to $59930 low ended 5 waves from the 1.14.2026 high within wave (A) & made a wave (B) bounce. The internals o
Royal Gold Inc (NASDAQ: RGLD), Forecasting Gold path higher into $6000.00
Royal Gold Inc. (NASDAQ: RGLD) is a leading precious metals company that specializes in royalty and streaming financing within the mining sector. Founded in 1981 and headquartered in Denver, Colorado, the company does not operate mines directly. Instead, it provides upfront capital to mining companies in exchange for the right to receive a percentage of the revenue (royalties). Alternatively, it can purchase metal at a fixed, discounted price (streams). This business model allows Royal Gold to benefit from rising gold prices. At the same time, it can minimize the operational risks typically associated with mining activities, such as cost overruns and production disruptions. The long-term price chart of Royal Gold Inc. (RGLD) illustrates a strong bullish trend characterized by a series of i
The S&P 500 (SPX) continues to correct the cycle that began from the April 7, 2025 low. The internal subdivision of this correction is unfolding as a double three Elliott Wave structure, which reflects a complex corrective pattern rather than a simple decline. From the January 28, 2026 peak, wave (W) concluded at 6636.04, as illustrated in the 45‑minute chart. Within wave (W), the internal subdivision itself developed as another double three of lesser degree. In this sequence, wave W ended at 6775.5, wave X at 6952.51, and wave Y at 6636.04. This completed wave (W) at the higher degree. Following this, wave (X) produced a corrective rally that terminated at 6884.9. The index has since resumed its downward trajectory in wave (Y). From the peak of wave (X), wave ((a)) ended at 6623.92, w
Elliott Wave Perspective: Nvidia’s Range Bound Action Tilts Bearish
Nvidia (NVDA) has completed its cycle from the April 2025 low, and the stock is now entering a larger corrective phase. The correction is unfolding as a double three Elliott Wave structure, which often signals a complex retracement rather than a simple decline. From the all‑time high on October 29, 2025 at $212.19, wave (W) finished at $169.55. The subsequent rally in wave (X) reached $203.62, as shown in the 45‑minute chart. Wave (Y) lower is now in progress, subdividing into a zigzag Elliott Wave structure. From the termination of wave (X), wave A ended at $173.11. The rally in wave B is developing as another zigzag, with wave ((a)) completing at $188.88. A short pullback in wave ((b)) is expected, followed by another leg higher in wave ((c)) to complete wave B. As long as the pivot at $
The recent price action in Bajaj Finance Limited indicates a classic Elliott Wave structure unfolding on the weekly chart. After completing a strong five-wave impulsive rally forming Wave (I) at ₹1102.50, the stock has now entered a corrective phase, labeled as Wave (II). Current Trend: Short-Term Weakness, Long-Term Strength Following the peak at ₹1102.50, Bajaj Finance has started to move lower as part of this broader correction. In the near term, the stock is expected to decline slightly further toward the ₹827 level. This move would complete three equal swings within Wave W, a common corrective pattern in Elliott Wave analysis. However, this is not the end of the correction. After reaching the ₹827 zone, a temporary bounce is likely before the stock resumes its downward move in the nex