To The Moon

The Nasdaq 100 ETF (QQQ) recently executed a textbook reaction from our high-probability turning zone, reaffirming the reliability of wave structure and sequence analysis in tracking market trends.

Below, we review how the setup was anticipated prior to the inflection point and how the price action unfolded after reaching the forecast zone.

The Setup: Anticipating the Blue Box (Before)

In the initial 4-hour forecast from 07.20.2006, QQQ was correcting lower after completing a 5-wave impulse sequence at the 771.03 high.

• Corrective Structure: The chart identified a 7-swing double three structure, where wave ((w)) completed a 3-wave internal decline, followed by a connector wave ((x)).

• Target Zone: Using the 100% – 161.8% Fibonacci extension of wave ((w)) projected from wave ((x)), we highlighted a Blue Box buying area between 683.44 and 644.56.

• Market Outlook: Because the higher-degree trend remained bullish (“Right Side Green Arrow”), members were advised to avoid shorting and instead look for long entries inside the Blue Box zone upon completion of wave ((y)).

The Outcome: Impulsive Rally from the Blue box Area (After)

As updated in the 09.27.2026 chart, QQQ respected the projected Blue Box zone, reaching an extreme low inside the area before finding strong buying interest.

• Execution: Price dipped into the Blue Box zone to terminate the corrective wave y of ((y)) cycle without breaching the critical invalidation level.

• The Bounce: From the Blue Box, buyers re-entered the market aggressively, launching an initial 5-wave move higher (waves (i) through (v)), followed by a higher low connector sequence.

• Current Status: QQQ pushed decisively higher toward the 40 area, confirming the bullish sequence and allowing traders who bought inside the entry zone to manage risk securely.

Key Takeaway

This setup demonstrates the strength of combining sequence counting, Elliott Wave structures, and Fibonacci extension zones. By identifying the Blue Box area in advance, traders were able to stay aligned with the primary trend and capitalize on a high-reward buying opportunity with defined risk parameters.

Why choose EWF ?

At Elliottwave Forecast (EWF), we deliver consistent market updates through regular charts update. Our analysts update 1‑hour charts four times daily and 4‑hour charts once per day across all 78 instruments. In addition, we host five live sessions each day and maintain a 24‑hour chatroom, providing clients with real‑time market guidance and answers to any questions they may have.