To The Moon

The S&P 500 (SPX) is currently correcting the strong advance from the 6317 low to the 7620 peak in wave 2. Based on the current Elliott Wave structure, the index appears to be forming a flat correction. Sub-waves ((a)) and ((b)) look complete, and SPX is now progressing lower in the final five-wave decline of wave ((c)). We expect wave ((c)) to extend toward the 7193–6953 area. This zone represents the 100%–161.8% Fibonacci extension of wave ((a)) and could provide an area for the correction to find support and trigger another bounce. The structure still allows for the possibility of a deeper decline. However, as long as SPX remains above the 6317 low, we expect the pullback to eventually find support. The correction could complete in 3, 7, or 11 swings, depending on how the structure

Hello fellow traders. In this technical block we’re going to take a quick look at the Elliott Wave charts of NIFTY Index published in members area of the website. Recently, NIFTY completed a 3-wave corrective pullback following a 5-wave impulsive rally, creating a classic Elliott Wave bullish sequence. The index unfolded a clear 3-wave move lower from the peak and reached the Equal Legs zone, a key area where buyers were expected to step in. In the following analysis, we will examine the Elliott Wave structure in detail and discuss the potential market outlook from this support zone.   NIFTY Elliott Wave 1  Hour  Chart 07.23.2026 NIFTY is currently forming an intraday 3-wave pullback from the recent highs.  Correction looks incomplete at the moment. The price structure

Google (GOOGL) continues to trade within a corrective Elliott Wave structure after completing wave (C) of (W) near 312. The stock has since turned higher and appears to be developing a corrective recovery. The current structure suggests that GOOGL may continue higher in wave (A), with wave 5 still expected to complete the first leg of the bounce. After that, we expect a pullback in wave (B), which should unfold in at least three swings. Once wave (B) completes, GOOGL could turn higher again in wave (C) and complete the larger ((X)) correction. The projected path suggests that the wave (C) recovery could reach the 345–353 price range which represents the 38.2%-61.8% fib. retracement of wave ((W)) before the stock turns lower again. This would complete the corrective structure and potentiall

MP Materials Corp., (MP) produces rare earth materials in the Western Hemisphere together with its subsidiaries. It operates in two segments: Materials & Magnetics. It comes under Basic Materials sector & trades as “MP” ticker at NYSE. Since inception in weekly, MP shows three swing higher high from June-2020 low. It shows impulse up from August-2024 low & correcting it in zigzag structure towards $26.96 or lower in daily. We like to buy the pullback below $26.96 or lower against 8.05.2024 low. Above $10.02 low of ((II)), it ended (I) of ((III)) at $100.25 high in October-2025. Within (I), it ended I at $29.72 high, II at $18.64 low, III at $82.50 high, IV as triangle at $69.61 low & V at $100.25 high. Within (I), III was extended wave. It ended ((1)) of III at $39.10 high,

AMD continues to maintain a strong long-term bullish outlook despite the ongoing correction. The stock remains within the third cycle of a larger third supercycle that began from the October 2022 low, suggesting the current decline is corrective and should present another buying opportunity before the next leg higher. Weekly Elliott Wave Analysis On the weekly chart, wave (II) completed in October 2022, marking the start of wave (III). Wave I of (III) peaked in March 2024 after breaking above the wave (I) high, confirming a strong bullish trend. The subsequent wave II correction unfolded as a simple zigzag and found support in our Blue Box buying area in April 2025. Elliott Wave Forecast members took advantage of this high-probability setup by buying from the Blue Box. From that April 2025

I am already riding two EURUSD sell entries. Another possible sell opportunity could be forming for traders that are not in yet. EURUSD Possible Bearish Scenario Watch for price to tap 4 Hour FVG (Purple) first. Watch for a bearish shift and bearish reversal signs in the FVG zone. Wait for all above to play out first then plan the sell entry, stops and targets with confidence. If price continues higher and breaks above the July 27 2026 high then trade setup is cancelled and if price breaks below the July 27 2026 low without tapping the 4H FVG then trade setup is cancelled. EURUSD 15 Minute Chart July 27 2026 EURUSD, trading, elliottwave, bearish market patterns, forex, @AidanFX, AidanFX A trader should always have multiple strategies all lined up before entering a trade. Never trade off on

SHOP may face mixed momentum next quarter as revenue trends stabilize and margins tighten. Investors will watch subscription growth and enterprise adoption because these segments drive recurring cash flow. Management guidance will matter, especially if it signals stronger demand or slower consumer spending. Traders should expect higher volatility as markets react to earnings revisions and macro data. It holds a complex structure after weeks of tight consolidation. Price respects dynamic support and reacts near institutional zones. Bulls need a decisive close above resistance to confirm momentum. A break below support could trigger fast corrective waves. Volatility remains muted, yet it can expand with fresh catalysts. Elliott Wave Outlook: SHOP Daily Chart April 2026 Elliott Wave Outlook:

Carvana Co. (NYSE: CVNA) continues to show a constructive long-term Elliott Wave structure following the major decline that ended near the 2023 low. From that bottom, the stock developed a strong impulsive advance with multiple internal five-wave structures, supporting the broader bullish outlook. Based on the current chart structure, Carvana appears to have completed a larger wave I near the early 2026 high around $98.95. The stock has since entered a corrective phase labeled wave II. The correction appears to be unfolding as a complex W-X-Y structure. Wave W developed as the initial decline from the wave I peak. Price then formed an X-wave recovery before turning lower again. The current structure suggests that the final wave Y decline may still need to develop before the larger correcti

In our previous Elliott Wave update on First Trust Natural Gas ETF ($FCG), we highlighted the blue box area at 26.20–22.77 as the next important support zone where the ongoing correction from the April 2025 cycle could end. Since then, price has reached that area, and as expected, buyers have entered and triggered a reaction higher. This price action confirms that the blue box once again worked as a high-frequency reaction zone. As a result, the correction appears to have found support in the expected area, and the ETF is now starting to recover from that low. Blue Box Area Was Reached as Expected In the prior outlook, $FCG was viewed as pulling back in a 7-swing correction against the la

The short‑term Elliott Wave outlook in Gold (XAUUSD) indicates that the rally to $4204 marked the completion of wave ((B)), after which the metal turned lower in wave ((C)). The internal subdivision of wave ((C)) is unfolding as a five‑wave structure. Within this sequence, wave (1) ended at $3983.2. The subsequent rally in wave (2) developed as an expanded flat formation. From the wave (1) low, wave A advanced to $4103.7, followed by a pullback in wave B that reached $3959.3. The final leg, wave C, extended higher to $4166.07, completing wave (2) at a higher degree. From this point, the metal resumed its decline in wave (3). Down from wave (2), wave ((i)) ended at $4099.03, while the corrective rally in wave ((ii)) concluded at $4141.05. The expectation is for Gold to extend two additional