Evolution of Technical Analysis: History, Methods and Modern Applications
Technical analysis is the study of historical market data to identify potential future price movements. It examines price action, trading volume, market trends, investor psychology, and recurring chart behavior to estimate the probability of future outcomes. While the tools used by technical analysts have changed significantly over time, the core idea has remained the same: markets often create recognizable patterns, and those patterns can help traders make more informed decisions. Today, technical analysis is used across stocks, forex, commodities, cryptocurrencies, indices, and other financial markets. From simple trend lines and chart patterns to advanced indicators and algorithmic models, it has evolved into a widely used framework for analyzing market behavior. The Early History of Te
Elliott Wave Analysis: Bitcoin’s (BTCUSD) Countertrend Bounce Set to Fail
Since establishing the all‑time high on October 6, 2025 at $126,272, Bitcoin (BTCUSD) has entered a pronounced corrective phase. The Elliott Wave sequence from that peak suggests further downside potential, with the extreme area projected between $41,411 and $52,204. In the short term, the decline from the May 6, 2026 high concluded at $59,081, marking the completion of wave W. From that point, a corrective rally in wave X has unfolded, designed to retrace the cycle from the May 6 high. Internally, this rally has developed as another double three structure of lesser degree. Advancing from wave W, wave (w) terminated at $64,506, followed by a pullback in wave (x) that ended at $60,670. Bitcoin then resumed higher in wave (y), reaching $67,278 and completing wave ((w)) of a higher degree. Th
Elliott Wave View: EURUSD Looking for Larger Degree Zigzag Correction
The short-term Elliott Wave analysis of EURUSD shows that the decline from the April 17, 2026 peak is unfolding as a five-wave impulse. From the April 17 high, wave ((i)) ended at 1.1655. A corrective rally in wave ((ii)) then followed which terminated at 1.1796. The pair then moved lower in wave ((iii)), reaching 1.1576. Afterward, wave ((iv)) completed at 1.164 in the form of a triangle, confirming the continuation of bearish momentum. The market has since resumed lower in wave ((v)), which subdivides into a smaller degree impulse. From wave ((iv)), wave (i) concluded at 1.15, while wave (ii) retraced to 1.1622. The expectation is that EURUSD will continue declining through further subdivisions before completing wave (v) of ((v)). This completion would mark the end of wave 1 in the large
Tesla (TSLA): Why Elliott Wave Supports Higher Prices Toward $774
Tesla: Beyond Automotive Growth, Expanding into Technology and Infrastructure Tesla (NASDAQ: TSLA) remains one of the most closely followed companies in global markets. While many investors focus on electric vehicle deliveries and short-term earnings, Tesla’s long-term growth story extends far beyond the automotive sector. The company is expanding into artificial intelligence, autonomous driving, energy storage, robotics, and advanced manufacturing. Over the last decade, Tesla has transformed into a global technology leader. It has built a scalable production network and established one of the strongest brands worldwide. Beyond vehicle sales, Tesla invests heavily in Full Self-Driving (FSD), Robotaxi services, Megapack energy storage, and the Optimus humanoid robot project. Each of these i
Gold (XAUUSD) has completed its cycle from the April 17 peak and is now positioned for a corrective rally in three waves. The decline from that peak ended at $4025, which marked the completion of wave ((W)). From this low, the market began a corrective phase in wave ((X)), unfolding as a zigzag structure. Within this formation, wave (A) is developing as a five‑wave impulse, providing the initial leg of the correction. From the June 11 low at wave ((W)), the first impulse wave advanced to $4118.14. A pullback in wave 2 followed, reaching $4051.88. The metal then resumed its upward trajectory, with wave 3 extending sharply to $4369.45. A subsequent retracement in wave 4 found support at $4305.21. The expectation is for gold to continue higher in wave 5, thereby completing wave (A) of the zig
Elliott Wave View: Dow Futures (YM ) Breakout Signals Start of New Bullish Phase
Dow Futures (YM_F) ended their correction against the cycle from the March 30, 2026 low and extended higher. The rally from that low completed wave 1. The pullback in wave 2 unfolded as a zigzag Elliott Wave structure. Within this correction, wave ((a)) ended at 50624, wave ((b)) concluded at 51331, and wave ((c)) finished at 49865. This sequence confirmed the completion of wave 2 at a higher degree. The Index has since resumed higher in wave 3. From the end of wave 2, wave (i) reached 51723, while the pullback in wave (ii) ended at 51230. The advance continued with wave (iii) finishing at 52380. The subsequent pullback in wave (iv) is proposed complete at 52080. Near term, expectations favor another leg higher in wave (v). That move should complete wave ((i)) of the larger degree. Afterwa
Marvell Technology, Inc., (MRVL) provides data infrastructure semiconductor solutions & spanning data center core to network edge in the US & internationally. It comes under Technology – Semiconductors & trades as “MRVL” at Nasdaq. MRVL is bullish impulse in daily & continue higher against 6.09.2026 low. The buyers can look for rally targeting $362.7 – $400.09 area to extend April-2025 rally in III sequence. MRVL – Elliott Wave Latest Daily View: Since inception, it ended I in proposed diagonal I at $127.48 high in January-2025 & II at $47.09 low in April-2025. Currently, it favors rally in III towards $362.7 or higher. It placed ((1)) of III at $102.77 high, ((2)) at $70.69 low, ((3)) at $339.6 high, ((4)) at $242 low & favors rally in ((5)). Within ((1)), it ended
TASI All Share Index Maintains Sideways Correction
The Tadawul All Share Index (TASI) is the benchmark of the Saudi Exchange, tracking the performance of all listed companies on its main market. Established in 1985, it reflects the overall health of Saudi Arabia’s equity market and is closely followed by regional and global investors. Calculated using free‑float market capitalization, TASI spans diverse sectors including energy, banking, petrochemicals, telecom, and real estate. Its movements are strongly influenced by oil prices and heavyweight listings such as Saudi Aramco, making it a key barometer of both local sentiment and broader economic trends. TASI Latest Elliott Wave Monthly Chart From 6.16.2026 TASI All Share Index Maintains Sideways Correction The latest chart highlights the long‑term cycle from the 2009 low, unfolding with ov
Technology remains the engine of global growth, and in 2026, a handful of companies dominate innovation, market capitalization, and investor attention. From mega-cap leaders shaping the S&P 500 to emerging players in AI and quantum computing, these stocks define the future of tech. in Group 3 at Elliott Wave Forecast, we’re fortunate to track most of these leading tech stocks in real time. Apple Inc. (AAPL) Apple continues to reinvent consumer technology. The AI-driven iPhone upgrade cycle and double-digit growth in services revenue (App Store, iCloud, Apple Music) keep it at the forefront. With a market cap near $4.5 trillion, Apple remains a cornerstone of tech portfolios. Microsoft Corp. (MSFT) Microsoft’s strength lies in enterprise dominance. Azure AI is expanding at 20%+ growth,
$NVDA Reacts Higher From Blue Box After 7 Swing Pullback
In this Elliott Wave update, we look at the latest structure in Nvidia Corp. ($NVDA). The stock pulled back in a 7-swing corrective structure and reached the blue box area at 205.93–187.94, where buyers were expected to appear. As anticipated, the stock reacted higher from that support zone. Therefore, buyers who entered in the blue box can now look to get risk free as the recovery continues to unfold. 5 Wave Impulse + 7 Swing WXY correction $NVDA $NVDA $NVDA Pulled Back in 7 Swings $NVDA Looking at the 4-hour chart, $NVDA remained within a broader bullish sequence, but it needed a corrective pullback before the next leg higher could resume. That decline unfolded in a 7-swing structure, which is a common Elliott Wave correction and often ends in a high-frequency support zone.