CRWD is Correcting the Bullish Cycle Started in 2026
CrowdStrike (CRWD) enters June with momentum still shaped by its strong demand backdrop in cybersecurity and the broader rotation toward high‑quality growth. After its recent earnings beat, the market continues to price in elevated ARR growth and expanding margins, so the key expectation for June is whether buyers defend the current trend despite stretched valuations. Typically, post‑earnings digestion brings a period of consolidation, and June often becomes a “prove‑it” month where the stock either builds a base or extends higher if institutional flows remain supportive. At the same time, June could bring more volatility as macro data, rate expectations, and tech‑sector sentiment shift week to week. CRWD tends to react strongly to changes in risk appetite, so any uptick in yields or rotat
June 2 2026 I entered the sell entry on the EURUSD pair at 1.1647 with a 18 pip stop loss at 1.1665 and was looking for a move lower to the minimum 3R target at 1.1593. Sell Trade Setup 1. Price reacts lower from the Weekly and Daily FVG. (Purple zone) 2. Price breaks below bearish CHoCH/Change of Character level. (Black line) 3. Price taps in bearish supply zone and reacts with move lower. (Blue zone) 4. All combined together and entered the SELL/SHORT trade with confidence. EURUSD 1 Hour Chart June 2 2026 EURUSD, trading, elliottwave, bearish market patterns, forex, @AidanFX, AidanFX EURUSD 1 Hour Chart June 3 2026 EURUSD, trading, elliottwave, bearish market patterns, forex, @AidanFX, AidanFX EURUSD moves lower and on June 3rd 2026 price hits 2.5R target at 1.1602 from 1.1647 and I clos
Elliott Wave View: Meta Zigzag Pullback Nears Key $522-545 Support Range
The short‑term rally in Meta from the March 27, 2026 low shows impulsive momentum, favoring continued upside while price holds above this pivot. Within Elliott Wave analysis, this advance ended as wave ((1)). The stock is now retracing in wave ((2)), correcting the prior rally. The internal subdivision of this pullback unfolds as a zigzag structure, which is typical in second waves. From the April 18 high, wave (A) finished at $592.6, followed by a rally in wave (B) that reached $643.87. The decline has resumed in wave (C), which develops as a five‑wave diagonal. The measured target lies between $522 and $545, based on the 100%–161.8% Fibonacci extension of wave (A). Breaking down wave (C), wave 1 ended at $596.14, while wave 2 rallied to $642.4. The subsequent wave 3 decline reached $579.
SPDR Industrial ETF (XLI) Calling the Rally After Elliott Wave Double Three Pattern
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of XLI ETF published in members area of the website. As our members know SPDR Industrial ETF is bullish against the 156.14 pivot in first degree. Recently the ETF made a clear three-wave correction. The pull back completed as Elliott Wave Double Three pattern and made rally as expected. In this discussion, we’ll break down the Elliott Wave pattern and forecast. Elliott Wave Double Three Pattern Double three is the common pattern in the market , also known as 7 swing structure. It’s a reliable pattern which is giving us good trading entries with clearly defined invalidation levels. The picture below presents what Elliott Wave Double Three pattern looks like. It has (W),(X),(Y)
Cognizant (CTSH) Forecast: Blue Box Support Could Trigger Next Advance to Triple Digits
Cognizant Technology Solutions Corporation (CTSH) provides consulting, technology & outsourcing services in North America, Europe & Internationally. It operates through four segments: Financial services, Health services, Product & resources & Communications, Media & technology. It comes under Technology Sector & trades as “CTSH” ticker at Nasdaq. CTSH ended ((I)) in monthly Impulse sequence from inception & now correcting in ((II)). Investors should enter between $48.56 – $22.46 area for multi-year rally. Short term, it expects choppy to lower to extend pullback against January-2026 peak. CTSH – Elliott Wave Latest Weekly View: In monthly, it started Grand Super Cycle from 1998 low. It ended ((I)) at $93.47 high in March-2022. Within ((I)), it ended (I) at $21.3
IONQ Pullback Completes — Ready to Resume Bigger Nest?
In this technical post we review IONQ’s recent price action. The quantum computing firm, which develops and manufactures quantum machines, rallied after the September 2025 update. That advance unfolded as a five‑wave structure and has pulled back into the prior Wave I area, which helps validate the next phase. The latest forecast follows. IONQ Latest Weekly Chart From 6.09.2026 IONQ Pullback Completes — Ready to Resume Bigger Nest? This chart, updated on 09.06.2026, maps the larger Elliott wave sequence from the December 2022 low. The dominant cycle still reads as a three‑wave advance overall, while the rally that began at the December 2022 trough developed as a contracting diagonal composed of five sub-waves. In that sequence Wave I peaked near $21.60, Wave II retraced to about $6.22, Wav
Magnificent Sevens (MAGS) Ended Cycle from March 30, 2026 Low
The Magnificent Seven ETF (MAGS) tracks the performance of seven leading U.S. technology and growth companies. It offers investors concentrated exposure to some of the market’s most influential names. Since its launch, MAGS has exhibited strong directional moves that lend themselves well to Elliott Wave analysis. It has clear impulsive advances and corrective phases shaping its medium‑term trend structure. MAGS Weekly Elliott Wave Chart The weekly Elliott Wave view of the Magnificent Seven ETF (MAGS) shows the initial advance from its all‑time low peaking in wave (I) at $58.69 in December 2024, a move shaped by a five‑wave impulse. That rise was followed by a corrective phase, with wave (II) bottoming at $39 in April 2025. From there, the ETF launched into wave (III) as a nested prog
The S&P 500 (SPX) continues to push into new all‑time highs, advancing in a clear impulsive structure. The current cycle began from the March 30, 2026 low, where wave 1 concluded at 7147.78. A corrective dip followed, with wave 2 ending at 7046.55. From that point, the Index established a nested sequence higher in wave 3. Within this progression, wave ((i)) terminated at 7517.12, while the subsequent pullback in wave ((ii)) found support at 7336.33. Momentum has since carried the Index higher in wave ((iii)). From the low of wave ((ii)), wave (i) ended at 7620.90, and the retracement in wave (ii) completed at 7523.58. As long as the pivot at 7336.33 remains intact, near‑term pullbacks are expected to hold support. These corrections should unfold in either three or seven swings before t
Warner Bros. Discovery (WBD) Targets Fresh All-Time Highs
Warner Bros. Discovery (NASDAQ: WBD) appears to have completed a significant long-term corrective cycle and is now showing signs of a new bullish trend. The monthly Elliott Wave chart suggests the stock finished a large 3 wave flat correction at the 2024 low near 6.64 in wave II, which now serves as the key invalidation level for the bullish outlook. Following that low, buyers stepped in aggressively and triggered a strong recovery. The reaction from this area supports the view that a major bottom is already in place and that a new impulsive cycle has begun. From the 2024 low, WBD has started to build a five-wave advance. The initial rally appears to have completed wave (1), followed by a corrective wave (2). The stock is now expected to continue higher in wave (3), which is typically the
Elliott Wave View: QQQ Correcting Cycle from May 18
The Nasdaq 100 ETF (QQQ) established a significant low on March 31, 2026, at $555.55. From this level, the ETF advanced in wave (1), reaching $722.03, before a corrective pullback in wave (2) concluded at $695.25. The subsequent rally unfolded as wave (3), structured as a clear impulsive Elliott Wave sequence. Within this move, wave ((i)) terminated at $706.49, followed by wave ((ii)) at $700.20. Momentum then carried wave ((iii)) to $737.60, before wave ((iv)) corrected to $725.27. The final leg, wave ((v)), extended to $748.65, completing wave 1 of the higher degree cycle. At present, QQQ is pulling back in wave 2, correcting the cycle from the May 19, 2026 low. This phase has already produced wave ((w)), which ended at $741.01, and a counter‑trend rally in wave ((x)), which peaked at $7