Elliott Wave View on S&P 500 Futures (ES) Looking to Resume Higher
Short Term Elliott Wave view in S&P 500 Futures (ES) suggests that rally to new all time high on 12.16.2024 at 6163.75 ended wave ((3)). Pullback in wave ((4)) is proposed complete at 5808.4 as the 1 hour chart below shows. Internal subdivision of wave ((4)) unfolded in a double three structure. Down from wave ((3)), wave (W) ended at 5866 and wave (X) ended at 6107.5. Wave (Y) lower ended at 5809 which completed wave ((4)). The Index has turned higher in wave ((5)), but it still needs to break above wave ((3)) at 6163.75 to rule out a double correction. Up from wave ((4)), wave ((i)) ended at 5918.5 and wave ((ii)) pullback ended at 5842.50. Index nested higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 5898.75 and pullback in wave (ii) ended at 5848.75. Wave (iii) higher
Netflix Stock (NFLX): Elliott Wave Forecasting the Path After the Wave (4) Pullback
In this technical article we’re going to take a quick look at the Elliott Wave charts of Netflix Stock (NFLX) , published in members area of the website. As our members are aware, NFLX recently completed a correction against the 583.7 low. We saw a clear 3-wave pullback, wave (4), followed by the expected rally. In this post, we will explain the Elliott Wave count in detail. NFLX H1 Weekend 01.19.2025 The current view suggests that Netflix stock completed a 3-wave pullback from the peak to the low, labeled as wave (4) blue. A rally followed from this low, appearing impulsive. We have labeled this short-term cycle as wave ((i)) black, marking the start of a new bullish cycle. We expect Netflix stock to continue attracting intraday buyers in 3, 7, and 11 swings, as long as the pr
Robinhood (NASDAQ: HOOD) Extension in Wave III Above $50
Since our previous blog about Robinhood stock HOOD, the price tripled during a strong bullish upside move. Therefore, we’ll be looking at the daily Elliott Wave Structure and explain the current structure within the cycle. The recent daily rally started in August 2024, HOOD established an impulsive 5 waves structure to the upside within wave III. In addition, it exceeded the 1.618 Fibonacci extension level $41 which confirmed the strong momentum within the 3rd wave. The current advance from 12/20/2024 low is proposed to be wave ((5)) of III as long as it’s holding the divergence in RSI. Consequently, the stock will be looking for more upside to finish a series of 3rd & 4th waves toward $52 – $56 before ending that cycle. HOOD still has the potential of opening
Hello fellow traders. As many of you know, we’ve had many profitable trading setups recently, some of which we’ve shared in previous blogs and on StockTwits and Twitter. In this technical article, we’re going to present something a bit different—an Elliott Wave setup that almost hit our entry point, missing it by just 0.67 points. We are going to talk about the XLY trading setup presented to members of ElliottWave-Forecast. Recently, XLY experienced a 3-wave pullback, unfolding as an Elliott Wave Double Three pattern. We identified and shared the Blue Box – our buying zone – with our members, but unfortunately, the pullback ended just shy of our ideal entry. XLY Elliott Wave 4 Hour Chart 01.12.2025 The current view shows that XLY is forming a wave ((4)) black correction.
SPX Perfectly Reacting Higher From The Blue Box Area
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of SPX. We presented to members at the elliottwave-forecast. In which, the rally from the October 2022 low unfolding as an impulse structure. Also showed a higher high sequence with a bullish sequence stamp. Suggested that index should see more upside extension to complete the impulse sequence. Therefore, we advised members not to sell the index & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below: SPX 4-Hour Elliott Wave Chart From 1.09.2025 Here’s the 4-hour Elliott wave chart from the 1.09.2025 update. In which, the short-term cycle from the 8.05.2024 low ended impulse sequence & larger wave ((3)) at $6099.97 high. Dow
In this technical article we’re going to take a quick look at the Elliott Wave charts of Dollar Index (DXY) published in members area of the website. As our members are aware, the DXY is currently showing impulsive bullish sequences in the cycle from the September low. As a result, we are leaning towards the long side at this stage. Recently, the Dollar Index has completed a 3-wave pullback, with buyers stepping in precisely at the equal legs zone. In this article, we will dive deeper into the Elliott Wave forecast and explain the reasoning behind our outlook. DXY H1 London Update 01.15.2025 The current view suggests that the Dollar is forming a ((iv)) black pullback as Elliott Wave Zig-Zag Pattern. The structure of the correction remains incomplete, indicating more short-term weakness. We
Elliott Wave View Looking for NZDUSD to Extend Lower
Short Term Elliott Wave view in NZDUSD suggests that cycle from 9.30.2024 high is in progress as an impulse. Down from 9.30.2024 high, wave (1) ended at 0.5813 and wave (2) ended at 0.5929. Pair has resumed lower in wave (3) which ended at 0.5583 as the 1 hour chart below shows. Rally in wave (4) unfolded as a zigzag. Up from wave (3), wave A ended at 0.5684 and wave B ended at 0.5628. Wave C higher ended at 0.5692 which completed wave (4) in higher degree. Pair has resumed lower in wave (5). Down from wave (4), wave ((i)) ended at 0.5568 and wave ((ii)) rally ended at 0.5603. Wave ((iii)) lower ended at 0.5539 and rally in wave ((iv)) ended at 0.5573. Final leg wave ((v)) ended at 0.5538 which completed wave 1. From there, pair bounce in wave 2 with internal subdivision as a zigzag. Up fr
SMH Semiconductor ETF Rally Continuation Should Be Around the Corner
The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that tracks a market-cap weighted index composed of 25 of the largest U.S.-listed semiconductor companies. The top holdings of SMH include companies like NVIDIA, Taiwan Semiconductor Manufacturing, Broadcom Inc., Texas Instruments, QUALCOMM, ASML Holding N.V., Applied Materials, Inc., Lam Research Corporation, Micron Technology, Inc., and Advanced Micro Devices, Inc. SMH 4 Hour Chart September 11th Last September 11th, we talked about SMH. After completing wave (III), we had a deep pullback as a zig zag correction. Down from wave (III), wave “a”ended at 226.50 low and bounced as wave “b” ended at 251.00 high. Last push lower completed wave “c” and a wave (IV)
Apple Stock ( AAPL) Incomplete Sequences Forecasting the Path Ahead
Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of Apple Stock ( AAPL) published in members area of the website. As probably most of the traders know, The Stock is in overall bullish trend. Recently we forecasted the pull back which has corrected the cycle from the 195.88 low. In further text we’re going to explain the Elliott Wave analysis. AAPL Elliott Wave 1 Hour Chart 01.08.2025 Apple stock is showing incomplete sequences in the cycle from the 260.11 peak. A break of the (W) low created a lower low sequence, which calls for further weakness in the stock as long as the pivot at 247.35 (X) blue high holds. Apple could be heading toward the $229–$225 area. Let’s analyze the price structure further. We
Elliott Wave View: Oil (CL_F) Impulsive Rally in Progress
Short Term Elliott Wave view in Light Crude Oil (CL_F) suggests cycle from 12.6.2024 low is in progress as an impulse. Up from 12.6.2024 low, wave ((i)) ended at 71.44. Pullback in wave ((ii)) ended at 68.42 as the 1 hour chart below shows. The instrument extends higher in wave ((iii)) with subdivision of an impulse in lesser degree. Up from wave ((ii)), wave (i) ended at 69.94 and wave (ii) ended at 68.59. Wave (iii) higher ended at 75.29 and pullback in wave (iv) ended at 72.84. Final leg wave (v) ended at 79.27 and this completed wave ((iii)) in higher degree. From there, the instrument pullback in wave ((iv)) which ended at 77.24. Wave ((v)) higher is in progress and wave (i) of ((v)) should end soon. It should then pullback in wave (ii) to correct the rally from 77.24 low before exten