Elliott Wave Analysis by EWF

[Elliottwave-Forecast]

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the Natural Gas futures ticker symbol: $NG_F. The rally from the 31 January 2025 low showed a higher high sequence & provided a short-term opportunity at the blue box area. In this case, the pullback managed to reach the Elliott wave blue box area & reacted strongly. So, we advised members not to sell Natural Gas but to buy the pullbacks in 3, 7 or 11 swings. We will explain the structure & forecast below:

Natural Gas 1-Hourr Elliott Wave Chart From 3.07.2025​

Here’s the 1-hour Elliott wave Chart from the 3.07.2025 Asia update. In which, the rally to $4.551 high ended wave ((i)) & made a pullback in wave ((ii)). The internals of that pullback unfolded as Elliott wave zigzag structure where wave (a) ended at $4.227 low. A short-term bounce to $4.518 high then ended wave (b) & started the next leg lower in wave (c) towards $4.195- $3.993 blue box area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum.

Natural Gas Latest 1-Hour Elliott Wave Chart From 3.11.2025​

Above is the Latest 1-hour Elliott Wave Chart from the 3.11.2025 Asia update. In which the Natural Gas is showing a perfect reaction higher taking place from the blue box area. Allowed members to create a risk-free position shortly after taking a long position. Since then, the $NG_F has already made a new high above $4.551 high confirming the next extension higher towards $5.226- $5.577 target area.

Source: https://elliottwave-forecast.com/commodities/natural-gas-reacted-strongly-blue-box/

 

[Elliottwave-Forecast]

Hello everyone! In today’s article, we’ll examine the recent performance of Nike Inc. ($NKE) through the lens of Elliott Wave Theory. We’ll review how the rally from the February 07, 2025, low unfolded as a 5-wave impulse and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock.

7 Swings WXY correction​

$NKE 1H Elliott Wave Chart 3.03.2025:​

In the 1-hour Elliott Wave count from March 03, 2025, we see that $NKE completed a 5-wave impulsive cycle beginning on February 07, 2025, and ending on February 26, 2025, at the blue (1). As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 7 swings, likely finding buyers in the equal legs area between $76.70 and $74.05.
This setup aligns with a typical Elliott Wave correction pattern (WXY), where the market pauses briefly before resuming the main trend.

$NKE 1H Elliott Wave Chart 3.10.2025:​

The update, from March 10, 2025, shows that $NKE reacted as predicted. After the decline from the recent peak, the stock found support in the equal legs area, leading to a bounce. As a result, traders could adjust to go risk-free.

Conclusion​

In conclusion, our Elliott Wave analysis of Nike Inc. ($NKE) suggested that it could bounce in the short term. Therefore, traders should be risk-free and keep an eye out for any corrective pullbacks. By using Elliott Wave Theory, we can identify potential buying areas and enhance risk management in volatile markets.
Source: https://elliottwave-forecast.com/stock-market/nike-inc-nke-blue-box-area-offered-buying-opportunity/

 

[cretui5]

thank you for the explication

 

[Elliottwave-Forecast]

JetBlue Airways Corporation (JBLU), is a major U.S. airline headquartered in Long Island City, Queens, New York. Operating over 1,000 daily flights, it serves around 100 destinations across the Americas and Europe, with a focus on point-to-point travel and key hubs like New York’s JFK Airport. Known for its low-cost model paired with premium amenities—such as in-flight entertainment, free Wi-Fi via Fly-Fi, and the Mint premium cabin service—JetBlue has carved a niche by blending affordability with customer experience. Below we will take a look at the Elliott Wave technical outlook for the company.

JetBlue (JBLU) Elliott Wave Monthly Time Chart​

Monthly Elliott Wave Chart of Jetblue (JBLUE) above shows that the stock ended wave (II) in super cycle degree at 2.84. It has started to rally higher in wave (III). Up from wave (II), wave I ended at 27.36. Pullback in wave II is in progress and looking to retest 2.84 before turning higher. Down from wave I, wave ((W)) ended at 6.61 and wave ((X)) ended at 21.96. Wave ((Y)) lower is looking to retest 2.84 before the stock resumes higher.

JBLU Daily Elliott Wave Chart​

Daily Elliott Wave Chart of Jetblue chart above shows that decline from 4.1.2021 high is in progress as a zigzag Elliott Wave structure. Down from 4.1.2021 high, wave (A) ended at 3.43. Up from there, we can see 5 waves diagonal higher. Wave ((i)) ended at 7.58 and pullback in wave ((ii)) ended at 4.5. Wave ((iii)) higher ended at 8.07 and pullback in wave ((iv)) ended at 5.53. Final leg wave ((v)) ended at 8.31 which completed either wave A or 1. Pullback in wave B or 2 is in progress to correct cycle from 10.31.2023 low before it resumes higher. Expect wave B or 2 to end at the blue box area of 3.7 - 5.28 area for further upside.

Source: https://elliottwave-forecast.com/video-blog/jet-blue-buying-opportunity-definition-soon/

 

[Elliottwave-Forecast]

Visa Inc. (NYSE: V) presented a good weekly buying opportunity in 2022 and it's been rallying into new all time highs since then. Last year, we explained the Bullish Nest Structure taking place and the reasons to expect more upside for the stock. In this article, we continue exploring the bullish structure taking place within the weekly cycle and present our view for the rest of the year.

Firstly let's start by counting the swings sequence from October 2022. We clearly see 5 swings into new highs with swing number 3 as the shortest. That is to say, this is not an Elliott Wave count because the 3rd wave can't be the shortest within a regular impulsive count. Moreover, the swing count for an impulse is 5, 9, 13 and therefore the count for Visa is missing two more swings to the upside to finish 7th & 9th swing.

Visa V Swings Count​

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Looking at Visa Elliott Wave count, we are still expecting the stock to trade higher within wave (III). In other words, the stock should be doins a series of 4th & 5th waves to end the cycle from 2022 low. Consequently, the honeymoon period has already passed within wave ((3)) of III which is usually the strongest and clearest wave within a bullish cycle.

After that, the stock will correct lower the entire cycle in wave (IV) within a larger degree 3 waves pullback and it will represent another investing opportunity within the weekly cycle.

Visa V Weekly Chart 3.13.2025​

In conclusion, Visa V is showing an incomplete bullish sequence count from 2022 low and consequently we only favor buying the daily pullbacks in 3 , 7 or 11 swings as we expect more upside to take place this year until it ends the 5 waves advance from 10.2022.

source: https://elliottwave-forecast.com/stock-market/visa-v-bullish-cycle/

 

[Elliottwave-Forecast]

The performance of Micron Technology Inc. (MU) stock has been a constant topic of interest in financial markets. Despite strong projections and a track record of innovation in the semiconductor industry, the ability of its stock to sustain a significant rally could be challenged by economic and sector-specific factors. In this article, we will explore the challenges and opportunities Micron faces on its path to sustainable recovery, as well as the potential impact of these dynamics on investors.

MU Weekly Chart October 2024 ​

In the last weekly chart of October 2024, MU made a bearish impulse ending at $84.12 low, and we labeled this as wave ((A)) of II. Then, we were anticipating a corrective wave ((B)). Wave (A) ended at $106.75 high, and we identified the correction wave (B) as completed at $98.94 low. We stated that wave (C) had already started a new rally, and we expected it to reach the $130.03–$149.15 area to culminate wave ((B)) and turn lower into ((C)). This idea was valid as long as the market remained below $157.57 or above $48.43. If the market would break above wave I high, then wave II would have already ended.

MU Weekly Chart March 2025​

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MU shows potential to recover its stock price as technological advancements and a memory market rebound drive growth later in 2025. However, demand fluctuations, global economic pressures, or unexpected market shifts create uncertainty around this recovery. The outlook highlights growth opportunities, but investors must monitor market volatility, which could undermine the rally's sustainability.

The price broke below wave ((A)) low, which suggests wave ((B)) may be completed instead of wave (A). However, the ranging movement more likely indicates wave ((B)) is forming an expanding flat correction. We labeled wave (B) at the 83.54 low, and wave (C) is now progressing as an impulse or an ending diagonal structure. The chart illustrates an upward impulse, targeting the 113.95–132.90 area for wave (C) and ((B)). Afterward, the market will likely react lower to continue wave ((C)) of II. While wave II may already be finished, we are conservatively labeling this rally as part of an expanding flat correction. If MU breaks above wave I high, it confirms wave II is complete. Conversely, if the market breaks below wave (B), wave ((B)) is complete, and wave ((C)) begins moving downward.

Source: https://elliottwave-forecast.com/stock-market/micron-mu-overcome-market-strong-rally/

 

[Elliottwave-Forecast]

Hello traders. Welcome to a new blog post that highlights the latest trade setups shared with the Elliott-wave-forecast members. In this post, the spotlight will be on the Eurostoxx-50. The post will uncover the setup that led to the recent Long position for educational purposes.

The EuroStoxx refers to a family of stock market indices that track the performance of companies across the Eurozone. The most well-known index is the EuroStoxx 50, which includes the 50 largest and most liquid blue-chip companies from 11 Eurozone countries. It serves as a key benchmark for European equities and is widely used by traders and investors for market analysis, trading, and ETFs.

The EuroSroxx-50 ($Stoxx) is clearly in a bullish sequence. Regarding this bullish cycle, we can refer to the low of September 2022 as the starting point. At this low, the index completed the supercycle degree wave (II) after it previously completed wave (I) in November 2021 following the recovery from the Covid market crashes. Thus, from the low of September 2022, a strong impulse wave sequence began as the index advanced in a series of higher highs and higher lows. Following the break of the November 2021 high, buyers have embarked on 'buying the dips' while the bullish cycle lasts.

There was a 'flat structure' pullback that ended in October 2023 for wave II and then the July/August 2024 'zigzag structure' pullback that completed wave ((2)) of III. We provided a blue box Long setup for members at the extreme of the July/August 2025 dip (read here). Price recovered from these pullbacks to re-establish this bullish cycle into a fresh record high. Thus, we shared with members to remain buyers and avoid going for the shorts. Meanwhile, another setup emerged in March 2025 on the H1 chart. Let's check it out.

EuroStoxx Long Setup - 14th March 2025​

[caption id="attachment_957496" align="aligncenter" width="1024"] EuroStoxx H1 Chart[/caption]
On 13th March 2024, we shared the H1 chart above with members. The chart shows the index completing a pullback in a 3-swing structure. We identified 5343.98-5221.57 as the blue box extreme zone. At the blue box, members went long and set their stop loss below the zone. We identified the first target at 5417 in the live trading room and on the trading journal for members. At the first target, we like to close half of the position and reduce the stop on the other half to the breakeven price. Thus, we call the first target the 'risk-free' price. This way, we can run a risk-free trade while securing some profits. What happened afterward?

EuroStoxx Long Setup Hits First Target - 17th March 2025​

[caption id="attachment_957498" align="aligncenter" width="1024"] EuroStoxx, H1 Chart[/caption]
The chart above shows the latest EuroStoxx H1 chart. The chart shows the price separating from the blue box and hitting the first target in the process. Thus, buyers from the blue box now run a risk-free trade. The second half of the position will be open for more profit if the price rallies to the final target. Otherwise, the price hits the breakeven price and we aim to buy lower again.

EuroStoxx-50 - What Next?​

If the current recovery advances as we expect, we should be able to reach the final target to complete wave (3) of ((3)) of III. The long-term weekly chart presented to members shows that wave III is still incomplete. Thus, we will continue to focus on buying pullbacks from the blue box on the H1, H4 and Daily charts.

Source: https://elliottwave-forecast.com/stock-market/eurostoxx-trade-setup-locking-profits/

 

[Elliottwave-Forecast]

Hello everyone! In today’s article, we’ll examine the recent performance of Bank of America Corp. ($BAC) through the lens of Elliott Wave Theory. We’ll review how the rally from the August 05, 2024, low unfolded as a 5-wave impulse and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock.

7 Swings WXY correction​

$BAC 4H Elliott Wave Chart 3.04.2025:​

In the 4-hour Elliott Wave count from March 04, 2025, we see that $BAC completed a 5-wave impulsive cycle beginning on August 05, 2024, and ending on January 16, 2025, at the black ((3)). As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 7 swings, likely finding buyers in the equal legs area between $41.79 and $38.58.

This setup aligns with a typical Elliott Wave correction pattern (WXY), where the market pauses briefly before resuming the main trend.

$BAC 4H Elliott Wave Chart 3.16.2025:​

The update, from March 16, 2025, shows that $BAC is reacting as predicted. After the decline from the recent peak, the stock found support in the equal legs area, leading to a bounce. As a result, traders should get ready to go risk-free.

Conclusion​

In conclusion, our Elliott Wave analysis of $BAC suggested that it could bounce in the short term. Therefore, traders should be proactive and get risk-free soon while keeping an eye out for any corrective pullbacks. By using Elliott Wave Theory, we can identify potential buying areas and enhance risk management in volatile markets.
Source: https://elliottwave-forecast.com/st...bac-blue-box-area-offered-buying-opportunity/

 

[Elliottwave-Forecast]

Boston Scientific Corporation (BSX) develops, manufactures & markets medical devices for use in various interventional medical specialties worldwide. It operates through MedSurg & Cardiovascular segments. It offers devices to diagnose & treat different medical conditions & offer remote patient management systems. It comes under Healthcare sector & trades as “BSX” ticker at NYSE.

BSX favors rally in V of (III) started from $93.29 low after correction ended in daily blue box area. It expects rally to extend towards $110.46 – $116.45 area to finish the impulse started from March-2020 low.

BSX - Elliott Wave Latest Daily View: ​

In weekly sequence, it placed (II) at $24.10 low in March-2020 & II of (III) at $34.98 low in June-2022. Above there, it placed III of (III) at $107.17 high of 2.05.2025 & IV pullback at $93.29 low in daily blue box area on 3.10.2025. Within III, it ended ((1)) at $55.38 high, ((2)) at $48.35 low, ((3)) as extended wave at $91.93 high, ((4)) at $87.25 low & finally ((5)) at $101.17 high. The pullbacks of ((2)) & ((4)) are shallow in III, which indicates the strong bullish sequence.

BSX - Elliott Wave Latest Weekly View: ​

In IV pullback, it ended ((A)) at $97.08 low, ((B)) at $105.57 high & ((C)) ended at $93.29 low in daily blue box area. We like to remain long from the daily blue box area against $89.30 low & above $99.50 level, it should be risk free by taking partial profit. It placed 1 of (1) at $98.56 high, 2 at 94.85 low & favors 3 of (1) & expects (1) to unfold in 5 swing. Further upside will confirm above $107.17 high. It favors V towards $110.46 - $116.45 area to finish (III) from March-2020 low before it may pullback in (IV).

BSX - Elliott Wave View From 8.19.2024: ​

Source: https://elliottwave-forecast.com/stock-market/boston-scientific-bsx-continues-rally-110-6/

 

[Elliottwave-Forecast]

The world’s largest dedicated semiconductor foundry Taiwan Semiconductor Manufacturing (NYSE: TSM) is down 25% from January peak. However, we’ll be looking at the Elliott Wave structure within the weekly daily cycles and we'll explain why we believe it's the right time to buy the stock.

Looking at the weekly chart for TSM, It is showing an impulsive 3 waves move into new all-time highs. Wave I peak was in 2021 followed a 3 waves Flat structure in wave II ending in 2022. After that, the stock started the current rally in progress within wave (III) which is still looking for wave V before seeing a larger degree correction in wave (IV). Moreover, we consider the rally from all time lows as an incomplete bullish sequence missing 2 more swings before ending the entire cycle.

TSM Weekly Chart 3.18.2025​

In the following daily chart, we see TSM decline from January 2025 peak unfolding within a corrective 3 waves ZigZag structure. That is to say, we expect the stock to find buyers in wave IV pullback in 3 , 7 or 11 swings. It already reached our buying Blue Box area at equal legs $176 - $152 and we the stock to react higher from there.

TSM will bounce from the mentioned area to start the rally in wave V and it will aim for a minimum target at $240 - $262. However if the stock fails to make new all time highs then it will correct lower within a double three structure.

TSM Daily Chart 3.18.2025​

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In conclusion, TSM weekly cycle is still bullish and consequently we favor buying the current daily correction within our Blue Box which is a High-frequency area where the market is likely to end cycles and make a turn.

Source: https://elliottwave-forecast.com/stock-market/tsm-buying-opportunity/

 

[Elliottwave-Forecast]

Elliott Wave Analysis Suggests a Strong Bullish Cycle as PEL Completes Wave II Correction​

Piramal Enterprises Ltd (PEL) has completed its Wave II correction. Now, the stock is in the early stages of a strong bullish cycle. The Elliott Wave count suggests that the stock has formed a significant bottom and is set to advance in an impulsive Wave III. The invalidation level remains at 333 INR. As long as the price stays above this mark, the bullish outlook remains intact. The right-side tag further confirms that the stock favors higher prices in the long term.

Wave Structure and Market Outlook: ​

Previously, PEL completed a five-wave advance, marking the end of a higher-degree Wave I. A corrective Wave II followed, pushing prices lower. Now, the market has started a fresh impulse, with Wave (1) of III already in place. A short-term pullback in Wave (2) is underway. When this correction ends, Wave (3) should trigger a powerful rally. If the price follows the expected Elliott Wave path, PEL could reach 2,000 INR and beyond.

Key Levels and Trading Strategy: ​

The 333 INR level acts as the invalidation point for the bullish setup. As long as prices hold above this level, the uptrend should continue. In the near term, resistance could emerge around 1,500 INR. However, as Wave III unfolds, the stock could break above this level.

Traders should watch the current dip in Wave (2) as a potential buying opportunity. The market structure supports bullish positions. Long-term investors may consider accumulating during pullbacks. With a well-defined Elliott Wave setup, PEL presents a compelling long-term bullish case.

Source: https://elliottwave-forecast.com/st...ott-wave-analysis-new-bullish-cycle-progress/

 

[Elliottwave-Forecast]

GE Vernova Inc. (GEV) Elliott Wave Forecast: Bullish Trend Resumes

GE Vernova Inc. (GEV) has been trending higher, and its Elliott Wave structure suggests the uptrend will continue. The recent pullback appears to be wave (II), setting the stage for a new bullish move.

Elliott Wave Analysis​

The chart shows a clear five-wave impulse to the upside, labeled as wave (I), which peaked earlier this year. After that, a corrective phase unfolded, completing wave (II) at a key support level of $266.08. This level aligns with the Fibonacci retracement zone, providing a strong base for the next bullish leg. Now, the stock is in the early stages of wave (III), which typically extends and sees the strongest price acceleration in an Elliott Wave cycle. The forecast suggests a move beyond the previous peak, with price targets in the $450–$500 range. Additionally, the presence of a “Turning Up” tag at the invalidation level at $114.93 reinforces the idea of a bullish continuation.

​

Right Side and Trading Strategy​

The right-side tag signals that traders should focus on long positions since the dominant trend remains bullish. The invalidation level at $114.93 serves as a risk management point. If the price falls below this level, the bullish count would need reevaluation. However, as long as it holds, the market structure favours further upside.

Conclusion​

GE Vernova Inc. remains in a bullish Elliott Wave structure, with wave (III) in progress. Traders and investors should look for pullbacks as buying opportunities while keeping an eye on the invalidation level. The long-term outlook remains positive, with a potential breakout toward new highs in the coming months.

Source: https://elliottwave-forecast.com/stock-market/957680/

 

[Elliottwave-Forecast]

In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Netflix ticker symbol: NFLX. We presented to members at the elliottwave-forecast. In which, the rally from May 2022 low is unfolding as an impulse structure. Showing a higher high sequence favored more upside extension to take place. Therefore, we advised members not to sell the stock & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

Netflix 4-Hour Elliott Wave Chart From 3.06.2025​

Here’s the 4-hour Elliott wave chart from the 3.06.2025 update. In which, the cycle from the March 2023 low ended in wave III at $1065.05 high. Down from there, the stock made a pullback in wave IV to correct that cycle. The internals of that pullback unfolded as Elliott wave zigzag structure where wave ((A)) ended at $955 low. Wave ((B)) bounce ended at $1000.89 high & wave ((C)) was expected to reach the blue box area at $890.62- $822.32. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

Netflix Latest 4-Hour Elliott Wave Chart From 3.19.2025​

This is the latest 4-hour Elliott wave Chart from the 3.19.2025 update. In which the NFLX is showing a reaction higher taking place, right after ending the zigzag correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. However, a break above $1065.05 high is still needed to confirm the next extension higher & avoid a double correction lower.

Source: https://elliottwave-forecast.com/stock-market/netflix-perfectly-reacting-blue-box/

 

[Elliottwave-Forecast]

Hello everyone! In today’s article, we’ll examine the recent performance of Advanced Micro Devices Inc. ($AMD) through the lens of Elliott Wave Theory. We’ll review how the decline from the March 08, 2024, high unfolded as a 7-swing correction and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock.

7 Swing WXY correction​

$AMD Daily Elliott Wave Chart 3.02.2025:​

In the Daily Wave count from March 02, 2025, we see that $AMD completed a 5-wave impulsive cycle beginning on October 13, 2022, and ending on March 08, 2024, at the blue (I). As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 7 swings, likely finding buyers in the equal legs area between $101.11 and $80.69.
This setup aligns with a typical Elliott Wave correction pattern (WXY), where the market pauses briefly before resuming the main trend.

$AMD Daily Elliott Wave Chart 3.23.2025:​

The most recent update, from March 23, 2025, shows that $AMD reacted as predicted. After the decline from the recent peak, the stock found support in the equal legs area, leading to a renewed rally. As a result, traders could adjust to go risk-free once we reach $141 which is the 50% retracement from the wave ((X)) connector.

What’s Next for $AMD?​

With the current rally, $AMD appears well-supported. Based on the Elliott Wave structure, we expect the stock to continue its upward trajectory, targeting the $141 – $152 range before another potential pullback. Therefore, it is essential to keep monitoring this zone as we approach it.

Conclusion​

In conclusion, our Elliott Wave analysis of Advanced Micro Devices Inc. ($AMD) suggests that it could continue its bullish run in the short term. Therefore, traders should monitor the $141 – $152 zone as the next target, keeping an eye out for any corrective pullbacks. By using Elliott Wave Theory, we can identify potential buying areas and enhance risk management in volatile markets.
Source: https://elliottwave-forecast.com/st...ffers-a-buying-opportunity-and-can-reach-141/

 

[Elliottwave-Forecast]

McDonald's (MCD) stock is on track to deliver moderate growth throughout 2025. Analysts expect an average price target of $323.39, offering a potential upside of 5.79% from its current level. Furthermore, monthly forecasts highlight price fluctuations between $282 and $370, influenced by market conditions. Menu innovation, digital initiatives, and geographic diversification strengthen its position and reinforce its resilience against macroeconomic challenges.

McDonald's MCD Weekly Chart October 2024​

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Previously, we identified a potential nest structure for MCD, including waves (I), (II), I, II, and ((1)), ((2)), pointing to further upside movement. The bullish outlook remained intact while price action stayed above the 243.53 low. We expected a wave ((2)) pullback, targeting the 281–271 area, where buyers were likely ready to support a rally in wave ((3)). However, we acknowledged that if the market broke below the 243.53 low, it could signal a return to the earlier idea of wave (II) still being in progress.

McDonald's MCD Weekly Chart March 2025​

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The market successfully completed its correction in wave ((2)), precisely reaching the projected zone of 281–271 and settling at the 276.80 low. The price action reacted strongly to the upside aligning with our bullish expectations. Moreover, MCD is now trading in wave ((3)) of III, having already completed waves (1) and (2). As long as the market remains above wave (2), the upward movement is expected to continue, further reinforcing the bullish outlook. However, a break below wave (2) or ((2)) would not indicate a bearish trend. Instead, it would suggest that the correction is still ongoing. Nonetheless, the bullish trend ultimately remains intact, providing traders with exciting opportunities in the market.

Source: https://elliottwave-forecast.com/stock-market/mcd-continuing-bullish-momentum/

 

[Elliottwave-Forecast]

TJX Companies, Inc., (TJX) operates as an off-price apparel & home fashions retailer in Unites States, Canada, Europe & Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada & TJX International. It comes under Consumer Cyclical sector & trades as “TJX” ticker at NYSE.

TJX favors bullish weekly sequence & expect rally to extend sequence from May-2022 low. It favors upside in V of (III) towards $127.94 - $137.75 area started from 3.13.2025 low.

TJX - Elliott Wave Latest Daily View: ​

In Weekly, it started ((III)) bullish sequence from March-2020 low of $32.72. It placed (I) impulse at $77.35 high & (II) at $53.69 low as 0.5 Fibonacci retracement in May-2022 low. Above there, it favors upside in (III) & expect rally to extend towards $128 or higher levels before (IV) pullback start. Within (III), it placed I at $64.84 high, II at $54.55 low, III at $128 high as extended wave, IV at $112.10 low & favors rally in V. Within III, it placed at ((1)) at $69.77 high, ((2)) at $59.78 low, ((3)) at $121.13 high, ((4)) at $111.22 low & ((5)) at $128 high.

TJX - Elliott Wave Latest Weekly View: ​

Within IV, it placed ((A)) at $117.89 low, ((B)) at 127.58 high & ((C)) at $112.10 low in blue box area as zigzag correction. Above there, it favors rally in V towards $127.94 - $137.75 area, which confirm above $128 high. Currently, it favors rally in (3) of ((1)), while placed (2) at $113.98 low. We like to remain long from the blue box area against $111.14 low. Once it ends (III) sequence to new high, it favors pullback in (IV) to correct May-2022 low. Alternatively, if it breaks below $112.10 low, it can do double correction lower as (IV) pullback, while placed (III) at $128 high.

Source: https://elliottwave-forecast.com/stock-market/tjx-companies-continue-rally-towards-137/

 

[Elliottwave-Forecast]

The Sprott Physical Silver Trust (PSLV) is a closed-end fund designed to provide investors with a secure and convenient way to invest in physical silver bullion. Launched by Sprott Asset Management, PSLV holds nearly all its assets in physical silver, stored in secure vaults, and its stock price closely tracks the spot price of silver. Below we will look at the long term Elliott Wave technical outlook of the instrument:

PSLV Weekly Elliott Wave Chart​

Sprott Physical Silver Trust (PSLV) Weekly outlook above suggests that the instrument formed major wave (II) / (b) low at 4.34 on March 2020. From there, it has started an impulsive rally higher. Wave I ended at 10.46 and pullback in wave II ended at 6.16 as an expanded flat structure. Wave III higher is now in progress as an impulse. Up from wave II, wave (1) ended at 8.4 and wave (2) dips ended at 6.85. It is then nesting higher with wave 1 ended at 8.99 and wave 2 pullback ended at 7.08. Wave 3 higher ended at 10.88 and pullback in wave 4 ended at 9.12. Final leg wave 5 ended at 11.77 which completed wave (3) in higher degree. Pullback in wave (4) ended at 9.6. The instrument should see further upside while dips stay above 6.16 low.

Source: https://elliottwave-forecast.com/video-blog/sprott-physical-silver-trust-pslv-bullish-impulse/

 

[Elliottwave-Forecast]

Hello traders. Welcome to another 'blue box' post where we discuss the recent trade setup that Elliottwave-forecast members traded. In this post, the spotlight will be on the GBPCAD currency pair.

In the long term, GBPCAD is developing as a bearish market within a proposed diagonal structure. The Supercycle degree wave (I) was completed in May 2010, followed by a bounce for wave (II), which ended in November 2015. From that point, wave (III) moved lower and completed in October 2022. Notably, waves (I), (II), and (III) are all 3/7 swing structures, supporting our proposed long-term diagonal structure for members. Diagonals are often composed of five sub-waves, with each wave subdivided into three waves.

Currently, the rally from October 2022, where wave (III) ended, is unfolding as another three-swing sequence. Therefore, we can classify this rally as wave (IV). However, it appears that wave (IV) is an incomplete corrective sequence. Based on projections, wave (IV) could extend to at least 1.96 - 2.08.

We prefer trading along the path of an incomplete sequence. With this in mind, we advised members to buy pullbacks in 3, 7, or 11 swings, while keeping invalidation levels intact at each stage. Let’s now discuss the latest setup we shared with members.

GBPCAD Elliott Wave Trade Setup - 27th March 2025​

At the January 2025 low, wave ((2)) of (1) of c of (IV) was completed. From this low, an impulsive sequence began, forming wave (1) of ((3)). Within wave (1) of ((3)), a pullback for wave 4 of (1) started in March 2025 after the pair reached its highest price since July 2016.

We planned to buy from the extreme of wave 4 of (1), provided it completed a 3-swing or 7-swing pullback—also known as zigzag and double zigzag structures, respectively. As the pullback for wave 4 of (1) approached its extreme, we shared the H4 chart below with members

[caption id="attachment_958078" align="aligncenter" width="1024"] GBPCAD, H4[/caption]
The chart above highlights the Blue Box where we expected members to enter long positions. We anticipated that wave 4 would complete in this zone, providing support for wave 5 of (1).

If the price rallied as expected, we advised members to take partial profit at 1.8530 and move the remaining position to breakeven. This strategy allowed for preparation in case wave 4 developed into a double correction. However, if an impulsive move emerged for wave 5, we planned to take the second profit at 1.9050.

GBPCAD Elliott Wave Trade Setup - 27th March 2025​

[caption id="attachment_958079" align="aligncenter" width="1024"] GBPCAD H4[/caption]
Later, on March 27, 2025, GBPCAD rallied from the Blue Box, as anticipated. The price surpassed the first target at 1.8530, allowing traders to take partial profit and adjust the stop on the remaining position to breakeven.

With this risk-free setup, traders could shift their focus to other opportunities while still anticipating further profits on this pair. This was a high-confidence setup, carefully analyzed and executed. This approach exemplifies how we apply Elliott Wave theory in our service.

Source: https://elliottwave-forecast.com/forex/gbpcad-finds-blue-box-support/

 

[Elliottwave-Forecast]

Hello fellow traders,

As our members know we have had many profitable trading setups recently. In this technical article, we are going to present another Elliott Wave trading setup we got in Gold Miners ETF GDX . The ETF completed its correction precisely at the Equal Legs zone, referred to as the Blue Box Area. In the following sections, we will delve into the specifics of the Elliott Wave pattern observed and discuss the corresponding trading setup in detail.

GDX Elliott Wave 1 Hour Chart 03.20.2025​

The current view indicates that GDX is forming a wave ((iv)) black correction. The current view suggests the pull back is incomplete, suggesting another leg down . This correction is likely unfolding as an Elliott Wave Double Three pattern. We anticipate an extension toward the extreme zone at 44.06-43.32 area, where we are looking to re-enter as buyers.

We recommend members to avoid selling GDX. As the main trend remains bullish, we anticipate at least a 3-wave bounce from this Blue Box area. Once the price touches the 50 fibs against the (x) blue connector, we’ll make positions risk-free and set the stop loss at breakeven and book partial profits. On other hand, breaking below the 1.618 Fibonacci extension level at 43.32 would invalidate the trade.

90% of traders fail because they don’t understand market patterns. Are you in the top 10%? Test yourself with this advanced Elliott Wave Test

Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.

Quick reminder on how to trade our charts :

Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable.

GDX Elliott Wave 1 Hour Chart 03.28.2025​

The ETF has made extension down toward Blue Box and found buyers as expected. GDX is showing a decent rally from our Buying Zone, breaking toward new highs. Consequently, any long positions from the Blue Box should now be risk-free. We’ve set our stop loss at breakeven and have already secured partial profits.

Reminder for members: Our chat rooms in the membership area are available 24 hours a day, providing expert insights on market trends and Elliott Wave analysis. Don’t hesitate to reach out with any questions about the market, Elliott Wave patterns, or technical analysis. We’re here to help.



Source: https://elliottwave-forecast.com/trading/gold-miners-etf-gdx/

 

[Elliottwave-Forecast]

Pop Mart International Group Ltd. (ticker: 9992) is a leading Chinese toy and entertainment company listed on the Hong Kong Stock Exchange (HKEX). Known for its trendy blind-box collectibles, particularly the popular Labubu dolls, Pop Mart has seen explosive growth. Its 2024 net profit surging 186% to CNY 3.4 billion and revenue doubling to CNY 13 billion. The company’s success is driven by strong domestic sales in China and a remarkable 400% increase in overseas revenue, now accounting for 39% of its total. Here’s a look at the Elliott Wave technical perspective on the stock:

Pop Mart (9992) Weekly Elliott Wave Chart​

Pop Mart (9992) weekly chart displays a robust climb to a fresh all-time high, maintaining impressive strength. The rally from the wave (II) low in 2022 is developing as a five-wave Elliott Wave impulse. Wave I topped at 28, with wave II retracing to 16.1. Wave III may soon conclude after one more leg up, followed by a wave IV dip before the stock pushes higher again. Above 10.48, the bullish trend should persist

Pop Mart Daily Elliott Wave Chart​

Pop Mart’s daily Elliott Wave chart shows the rally from wave (II) continuing to develop. The stock is now in a wave (4) of ((5)) of III correction, with support expected in a 3, 7, or 11 swing. While above 9.95, the outlook remains bullish.

Pop Mart 4 Hour Elliott Wave Chart​

The 4-hour chart above shows wave ((5)) unfolding as a five-wave impulse. From wave ((4)), wave (1) peaked at 114.5, with wave (2) pulling back to 101.6. Wave (3) reached 160, and the current pullback should attract buyers in a 3, 7, or 11 swing, setting up further upside to complete wave (5) of ((5)). In the near term, as long as the 34.4 low pivot holds, expect support in a 3, 7, or 11 swing for continued gains.

Source: https://elliottwave-forecast.com/news/pop_mart-bullish_drive/