Elliott Wave Analysis by EWF

[Elliottwave-Forecast]

In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Cardano ticker symbol: $ADAUSD. We presented to members at the elliottwave-forecast. In which, the rally from the June 2023 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 crypto & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

Cardano 4-Hour Elliott Wave Chart From 12.19.2024​

Here’s the 4-hour Elliott wave chart from the 12.19.2024 update. In which, the cycle from the 8.05.2024 low ended in wave ((3)) at $1.327 high. Down from there, the ADAUSD made a pullback in wave ((4)) to correct that cycle. The internals of that pullback unfolded as Elliott wave double three structure where wave (W) ended at $0.911 low. Wave (X) bounce ended at $1.182 high and wave (Y) managed to reach the blue box area at $0.766- $0.507. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

Cardano Latest 4-Hour Elliott Wave Chart From 12.22.2024​

This is the latest 4-hour Elliott wave Chart from the 12.22.2024 Weekend update. In which the ADAUSD is showing a reaction higher taking place, right after ending the double 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 $1.327 high is still needed to confirm the next extension target higher towards $1.461- $1.677 & avoid a double correction lower.

Source: https://elliottwave-forecast.com/cryptos/cardano-looking-turn-higher-blue-box/

 

[Elliottwave-Forecast]

Toll Brothers, Inc., (TOL) designs, builds, markets, sells & arranges finance for the range of detached & attached homes in Luxury residential communities in the United States. It also owns & operates architectural, engineering, mortgage, title, land development, insurance, smart home technology, landscaping, lumber distribution, house component assembly & manufacturing operations. It comes under Consumer Cyclical sector & trades as “TOL” ticker at NYSE.

As discussed in previous article, TOL favored upside in ((5)) from July-2024 low, which ended at $169.52 high. Below there, it favors corrective pullback in IV against October-2022 low before rally resumes in V of (III).

TOL - Elliott Wave Latest Daily View: ​

In weekly, it ended (II) flat correction at $13.28 low in March-2020 low & resume higher in (III). Within (III), it placed I at $75.61 high in December-2021 & II at $39.53 low in October-2022 low. In III sequence, it placed ((1)) at $84.57 high, ((2)) at $68.08 low, ((3)) at $135.37 high, ((4)) at $108.86 low & ((5)) at $169.53 high ended at 0.618 Fibonacci extension. Within ((5)), it placed (1) at $146.75 high, (2) at $123.01 low, (3) at $160.12 high, (4) at $137.83 low & (5) as III at $169.52 high.

TOL - Elliott Wave View From 7.22.2024: ​

Below $169.52 high, it favors zigzag pullback in IV against October-2022 low. It appears ended ((A)) at $120.77 low & favors bounce in ((B)) towards $139.45 - $150.96 area. If it extends below $120.77 low, it still be the part of ((A)) before bounce in ((B)). Once it ends ((B)) in 3, 7 or 11 swings, it favors lower in ((C)) to finish IV, which provides next buying opportunity for at least 3 swing bounce or continuation. Alternately, the current pullback can be (IV) correction against March-2020 low & remain supported in pullback.

Source: https://elliottwave-forecast.com/stock-market/toll-brothers-tol-favors-pullback-rally/

 

[Elliottwave-Forecast]

Short Term Elliott Wave view in Netflix ticker symbol: $NFLX suggests that rally from 8.05.2024 low is incomplete & should continue upside. It is showing 3 swing higher since August-2024 low & expect more upside against 11.18.2024 low. It ended 1 at $736 high as diagonal & 2 correction at $669 low. Within 1, it placed ((i)) at $711.33 high, ((ii)) at $660.80 low & ((iii)) at $728 high. Wave ((iv)) ended at $696.43 low & finally ((v)) ended at $736 high as wave 1. Within 2 correction, it placed ((a)) at $699.78 low, ((b)) at $710.24 high & ((c)) at $669 low near 50% Fibonacci retracement of 1.

Above 2 low, it favors upside in wave 3 in another 5 waves impulse sequence. Whereas wave ((i)) ended at $773 high, wave ((ii)) ended at $744.26 low. Wave ((iii)) ended at $841 high, wave ((iv)) ended at $804.30 low and wave ((v)) at $941.75 high. Below from there, the stock made a pullback in wave 4 to correct the cycle from 10.17.2024 low. The internals of that pullback unfolded as Elliott wave double three structure where wave ((w)) ended at $909.61 low in a lesser degree 3 waves.

A bounce to $928.94 high ended wave ((x)) and started the ((y)) leg lower towards $896.73- $876.79 blue box area where buyers were expected to appear. Since then the stock has reacted higher from the blue box area allowed longs to get into a risk free position. Therefore ended wave 4 pullback at $881.01 within the blue box area. Near-term, as far as dips remain above $881.01 low and more importantly above $804.46 low the stock is expected to resume the upside in wave 5. For minimum extension target towards $956.38- $979.68 area higher (inverse 123.6%- 161.8% Fib extension of wave 4). Before ending the cycle from 8.05.2024 low in 5 waves advance & making a pullback.

Netflix (NFLX) Latest 45-Minutes Elliott Wave Chart​

Source: https://elliottwave-forecast.com/stock-market/netflix-process-five-waves-advance/

 

[Elliottwave-Forecast]

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Netflix (NFLX) Stock published in members area of the website. Our members are aware of the numerous positive trading setups we’ve had recently. One of them is NFLX, which made a pullback that concluded right at the Equal Legs zone (Blue Box Area). In the following text, we’ll delve into the Elliott Wave pattern and trading setup.

NFLX H1 update 12.18.2024​

Netflix stock is currently in a wave 4red pullback, unfolding as 3 waves ((a))((b))((c)) pattern. The stock should ideally see an extension down toward the blue box-buying zone: the 896.73-876.79 area. We expect the stock to rally toward new highs or bounce in 3 waves from there. When the price retraces to the 50% Fibonacci level against the ((b) )blue connector, we’ll secure positions, set the stop loss at breakeven, and take partial profits.
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.

NFLX H1 update 12.26.2024​

The stock made drop down toward our blue box area. Netflix found buyers as expected and made a good rally from our buying zone . Consequently, any long positions taken from the equal legs area are now risk-free, and we have already taken partial profits. We consider wave 4 red completed at the 887.14 low The stock remains bullish against the 804.46 pivot. As long as that pivot holds in our system, we believe the stock should continue finding buyers in 3, 7, 11 swings, for a further extension toward new highs ideally.

Keep in mind not every chart is trading recommendation. You can check most recent charts and new trading setups in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room.



Source: https://elliottwave-forecast.com/trading/netflix-stock-nflx-buying-dips-blue-box/

 

[Elliottwave-Forecast]

RGTI has risen rapidly in value in recent days attracting the attention of investors. Here we have the 15-minute chart. Applying the Elliott Waves principle, the stock should find support in 5.89 - 7.07 area to complete a wave 4. This would generate a new rally on wave 5 that could reach around 8.94 - 10.25 or extend higher.

RGTI 15 Min Chart 12.11.2024​

In any case, as long as the market respects the 5.89 - 7.07 area, RGTI must continue with the upward movement and break above wave 3 to reach at least 8.94 - 10.25. If the market closes below 5.89, it would open the possibility that the value of the stock will drop to 4.00 before looking for another move higher.

RGTI 5 Min Chart 12.11.2024 (Market Closed)​

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RGTI found support at 5.78 low and rallied. From here, we are looking to build an impulse structure as wave 5. Wave ((i)) could be completed already and while the pullback as wave ((ii)) is above 5.78 low, RGTI should continue higher. The target for this wave 5 comes in 9.11 -10.14 if there is not more extension in the rally.

RGTI 30 Min Chart 12.20.2024 ​

We can see in the chart how was the formation process of the impulse as wave 5. Wave ((ii)) did an expanded flat correction that was very deep, almost breaking the invalidation price. In the rally, we see 5 waves reaching the expected zone of 9.11 - 10.14 completing wave ((iii)). This should have given us a clue that the market still needed one more high to finish the wave 5 impulse. And so it was! After the correction of wave ((iv)), Rigetti built an extended wave ((v)) to finish wave 5 at 12.75 high. The truth is that I would not have considered an extended wave ((v)), I would have considered a value of 11.05 to complete wave ((v)).

The rally also completed wave (3) and the market reacted downwards returning to the support zone of 5.78 - 7.07 finishing wave (4). As long as the market does not close below this area, RGTI should continue to rise in the short term. With a close below this area, we must reanalyze the market structure. For now, we should focus on looking for more bullish movement that reaches the 14.34 - 16.85 area, if there are no further extensions, to finish wave (5).

RGTI 30 Min Chart 12.26.2024 ​

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Today we hit a new target after RGTI rallied around 34% and wave (5) looks like is going to extend higher. We can see how wave 1 ended at 12.79 high and the market did a small pullback as wave 2 to 10.20 low. The wave 3 started hitting our target area of 14.37 - 16.89 and it is possible that it is not completed. Therefore, the market should continue moving sideway to higher until it ends wave 3. Then wave 4 correction should retest around the low of wave ((iv)). Currently, we do not know where wave ((iv)) is going to end, keep an eye on that price.

Finally, a last push higher should end wave 5 of (5) before seeing a retracement in 3, 7 or 11 swings correction. The invalidation level is market at 10.20 low. If the price breaks at any moment this level, the cycle should be ended and RGTI could return to the support zone.

RGTI 30 Min Chart 12.26.2024 ​

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This option is the most conservative view. As you can see, the structure would be currently in wave 5 and could start to retrace at any moment. If this count plays out, we could return to the support 5.78 - 7.07 zone before continuing with further bullish movement.

Source: https://elliottwave-forecast.com/stock-market/rigetti-rgti-target-hit-extension-ahead/

 

[Elliottwave-Forecast]

In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Nike ticker symbol: $NKE. We presented to members at the elliottwave-forecast. In which, the decline from 01 October 2024 unfolded as an impulse structure. And showed a lower low favored more downside extension to take place. Therefore, we advised members not to buy the stock & sell the bounce in 3, 7, or 11 swings. Based on Elliott wave hedging area looking to get 3 wave reaction lower at least. We will explain the structure & forecast below:

Nike 4-Hour Elliott Wave Chart From 12.19.2024​

Here’s the 4-hour Elliott wave chart from the 12.19.2024 update. In which, the cycle from the 01 October ended in wave (1) as an impulse structure at $72.70 low. Up from there, the stock made a bounce higher in wave (2) to correct that cycle. The internals of that pullback unfolded as Elliott wave zigzag structure where wave A ended at $81.18 high. Wave B pullback ended at $76.31 and wave C managed to reach the elliott wave hedging area at $84.50- $89.75 area. From there, market makers agrees for the minimum reaction lower to take place.

Nike Latest 4-Hour Elliott Wave Chart From 12.29.2024​

This is the latest 4-hour Elliott wave Chart update. In which the Nike is showing a strong reaction lower taking place, right after ending the zigzag correction within the equal legs area. Allowed members to create a risk-free position shortly after taking the long position. Since then, the stock has made a new low below $72.70 low confirming the next extension lower towards $66.05- $61.29 area lower before next bounce takes place.

Source: https://elliottwave-forecast.com/stock-market/nike-reacting-perfectly-hedging-area/

 

[Elliottwave-Forecast]

SoFi Technologies, Inc., (SOFI) provides various financial services in the US, Latin America & Canada. It operates through three segments; Lending, Technology Platform & Financial services. It comes under Financial Services sector & trades as “SOFI” ticker at Nasdaq.

In last article, SOFI favors rally in (3), which ended at $17.19 high & favors corrective pullback in (4). It dropped in 5 swings in A & favors downside in C of (4) towards $14.08 - $12.47 area.

SOFI - Elliott Wave Latest Daily View: ​

It made all time low at $4.24 in December-2022 & then resume higher. It placed I as impulse bullish sequence at $11.70 high in July-2023 started from August-2022 low as diagonal. It ended corrective pullback in II as zigzag correction at $6.01 low in August-2024 low. Within II, it placed ((A)) at $6.41 low, ((B)) at $10.49 high & ((C)) at $6.01 low in zigzag structure. Above $6.01 low, it resumes rally in ((1)) of III & expect one more push higher to finish it.

SOFI - Elliott Wave View From 11.18.2024: ​

Within ((1)), it placed (1) at $8.30 high, (2) at $6.75 low & (3) as extended wave ended at $17.19 high. It subdivided (3) as 1 ended at $8.53 high, 2 at $7.57 low, 3 at $16.61 high, 4 at $14.85 low & finally 5 at $17.19 high. Currently, it favors pullback in (4) in zigzag & remain choppy to lower towards blue box area, which provide buying opportunity for (5) or at least 3 swing bounce. Within (4), it placed A at $14.58 low as 5 swings down & B at $16.68 high. Below there, it favors lower in C towards $14.08 - $12.47 area to finish (4) before resume higher.

Source: https://elliottwave-forecast.com/stock-market/sofi-pullback-offer-next-buying-opportunity/

 

[Elliottwave-Forecast]

Hello traders and investors! In this technical article, we’re going to take a quick look at the Elliott Wave charts of the Nasdaq ETF QQQ, published in the members area of the website. As our members know, QQQ is showing impulsive bullish sequences in the cycle from the August 420.16 low. As a result, we are favoring long side at this stage. However, we believe the H4 pullback is still incomplete and could provide another leg down. We will explain the reasons behind this Elliott Wave forecast and how to trade it further in this article.

QQQ H1 Update 12.24.2024​

The ETF shows 5 waves down from the 539.15 peak, suggesting we have ended only a first leg of potential Zig Zag pattern. QQQ is currently doing 3 waves recovery against the 539.15 high, labeled as (B) blue. Structure of the bounce looks incomplete, suggesting another leg up ideally before turn lower takes place .

Reminder : You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page.

QQQ H1 Update 12.31.2024​

QQQ made the proposed leg up and completed a 3-wave recovery at the 531.3 high. We consider the (B) recovery complete there. As long as the price remains below that level, we expect further weakness in the (C) leg. We don't recommend selling against the main bullish trend and will use the (C) leg as a new buying opportunity if the next extreme zone is reached.

You can find detailed information on this trading setup in the membership area and in the Live Trading Room

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





Source: https://elliottwave-forecast.com/stock-market/nasdaq-etf-qqq-elliott-wave/

 

[Elliottwave-Forecast]

Hello traders ! In this technical article, we’re going to take a quick look at the Elliott Wave charts of the SPX index, published in the members area of the website. As our members know, SPX remains overall bullish, currently correcting the cycle from the August 5118.95 low. In this article, we will explain the forecast and the best way to trade SPX.

SPX H1 Update 12.24.2024​

The index is bouncing against the 6098.045 high, and currently the recovery appears incomplete at the moment. We’ve seen a sharp rally from the lows, which looks impulsive. The current view suggests another leg up toward the 6051.2 area to complete a 3-wave bounce in the (X) blue recovery. From there, we could see another leg down in the (Y) blue wave to complete the 4-hour pullback against the August 5118.9 low. As our members know, we favor the long side in indices and do not recommend selling during any proposed pullbacks. If we see the proposed leg down, we will use it as a new buying opportunity.

Reminder : You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page.

SPX H1 Update 12.31.2024​

SPX has completed the proposed leg up, forming a 3-wave recovery at the 6051 high. We consider the (X) recovery complete at that level. As long as the price remains below this high, we expect further weakness in the (Y) leg. A break of the (W) blue low at 5831.6 is needed to confirm the proposed scenario. We do not recommend selling against the main bullish trend and will view the (Y) leg as a new buying opportunity if the next extreme zone is reached.

You can find detailed information on this trading setup in the membership area and in the Live Trading Room

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



Source: https://elliottwave-forecast.com/stock-market/spx-elliott-wave/

 

[Elliottwave-Forecast]

Gold Miners Junior (GDXJ) is an exchange-traded fund (ETF) managed by VanEck. This ETF primarily invests in small-cap companies in the gold and silver mining sector. The ETF has higher potential for growth or risk compared to larger, established mining companies. These junior miners can offer significant leverage to gold price movements. It makes GDXJ a potentially volatile but rewarding investment for those looking to gain exposure to the precious metals mining industry.

GDXJ Monthly Elliott Wave View​

Monthly Elliott Wave Chart of GDXJ above shows wave ((II)) Grand Super Cycle ended at 16.14. Up from there, the ETF is nesting higher. Wave (I) ended at 52.5 and pullback in wave (II) ended at 19.52. Internal subdivision of wave (II) unfolded as zigzag Elliott Wave structure where wave a ended at 27.37 and wave b ended at 46.42. Wave c lower ended at 19.52 which completed wave (II) in higher degree. The ETF then nested higher with wave I ended at 65.95 and pullback in wave II ended at 25.8. Up from there, wave ((1)) ended at 55.58. While above 16.14, expect the Index to extend higher.

GDXJ Daily Elliott Wave View​

Daily Elliott Wave Chart of GDXJ above shows pullback to 25.79 ended wave II. Wave III higher in in progress as a 5 waves impulse Elliott Wave structure. Up from wave II, wave (1) ended at 41.16. Down from there, wave (2) ended at 30.46 as an expanded flat. Down from wave (1), wave A ended at 32.25, wave B ended at 43.89, and wave C lower ended at 30.46 which completed wave (2). Up from there, wave 1 ended at 39.82 and wave 2 ended at 30.89. Wave 3 higher ended at 47.25, wave 4 ended at 40.91, and final wave 5 ended at 49.13 which completed wave (3).

Pullback in wave (4) ended at 40.26. Wave (5) higher ended at 55.58 which completed wave ((1)). Pullback in wave ((2)) is in progress as a zigzag structure where wave (A) ended at 44.76 and wave (B) ended at 51.03. Expect wave (C) lower to complete at 33.51 - 40.19 which will complete wave ((2)). While above 25.79, expect the ETF to find support in 3, 7, 11 swing for further upside.

Source: https://elliottwave-forecast.com/video-blog/gold-miners-junior-gdxj-zigzag-correction-progress/

 

[Elliottwave-Forecast]

American Express Company (Amex), symbol AXP, is an American multinational financial services corporation that specializes in payment cards. Headquartered in New York City, it is one of the most valuable companies in the world and one of the 30 components of the Dow Jones Industrial Average.

AXP Weekly Chart April 2024​

The stock has been building an extension as wave (V) of ((I)). Wave I ended at 189.03 high. Then, wave II built an expanded flat correction ending at 130.65 low. The wave ((1)) of III completed at 182.15 and pullback as a flat correction ended wave ((2)) at 140.91. From here, AXP started a strong rally that was wave ((3)) of III and we were looking for buying opportunities to trade in favor of the trend.

AXP Weekly Chart August 2024​

After 4 months, AXP continued the rally as expected. It ended wave (3) of ((3)) at 244.41 high. The pullback as wave (4) finished at 220.74 low and market resumed to the upside in wave (5) of ((3)). This cycle ended at 256.24 high and we had strong pullback as wave ((4)) retesting last wave (4) low around 222.03. The market was trading in wave ((5)) higher. If there was not more extensions, this wave ((5)) of III could reach 264.28 - 277.31 area where AXP could begin a large correction in wave IV.

AXP Weekly Chart January 2025​

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The rally continued as expected hitting the target of 264.28 - 277.31 area. The market has extended the wave ((5)) and the structure looks incomplete. With this extension, we adjusted a little bit the count. Also, we can see how wave 4s pulled back to the typical level of 23.6% Fib retracement of a wave 3. Wave ((4)) retraced to 220.24 and wave (4) to around 287. Currently, AXP is trading in wave (5) and it could reach to 320.00 before starting wave IV correction. We cannot deny more extensions, inclusive we are using a conservative view because AXP could be still trading in wave ((3)). For now, we are going to wait for a reaction lower from around 320.00 to retest 280.00 - 290.00 area and see how the market structure is developing.

Source: https://elliottwave-forecast.com/stock-market/american-express-axp-hit-target/

 

[Elliottwave-Forecast]

Hello fellow traders !

In this technical article, we’re going to take a quick look at the Elliott Wave charts of the SPY ETF , published in the members area of the website. As our members know, SPY remains overall bullish. However, currently it's correcting the cycle from the August 504.84 low. In this article, we will explain the forecast and the best way to trade SPY.

SPY H1 Update 12.23.2024​

The ETF is bouncing against the 609.07 high, and currently, the recovery appears incomplete. We’ve seen a sharp rally from the lows, which looks impulsive. The current view suggests the correction can be unfolding as an Elliott Wave Zig Zag pattern while we are still in wave B.

The short-term view suggests we could see another leg down in red wave B before red wave C takes place higher. Anyway, due to the 5 waves from the low, we believe another leg up in red wave C should be seen to complete the blue wave (X) correction against the 609.07 high.

As our members know, we favor the long side in indices and ETFs and do not recommend selling SPY during any proposed pullbacks. If we see the proposed leg down, we will use it as a new buying opportunity.

Reminder : You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page.

SPY H1 Update 01.05.2024​

SPY has traded according to our forecast. We got 3 waves pull back in B red, and then another leg up C red. ETF completed the proposed leg up, forming a Zig Zag pattern against the 609.07 high. We consider the (X) recovery complete at 602.55 level. As long as the price remains below this high, we expect further weakness in the (Y) leg. A break of the (W) blue low is needed to confirm the proposed scenario. We do not recommend selling against the main bullish trend and will view the (Y) leg as a new buying opportunity if the next extreme zone is reached.

You can find detailed information on this trading setup in the membership area and in the Live Trading Room

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



Source: https://elliottwave-forecast.com/stock-market/sp-500-etf-spy-elliott-wave/

 

[Elliottwave-Forecast]

SoFi Technologies, Inc., (SOFI) provides various financial services in the US, Latin America & Canada. It operates through three segments; Lending, Technology Platform & Financial services. It is based in San Francisco, CA, comes under Financial Services sector & trades as “SOFI” ticker at Nasdaq.

In last article, SOFI favored downside in C towards blue box area. It ended C as (4) correction at $13.75 low in blue box area & resumed rally towards $18 - $19.32 area to finish ((1)) or at least 3 swing bounce.

SOFI - Elliott Wave Latest Daily View: ​

It made all time low at $4.24 in December-2022 & then resume higher. It is showing higher high sequence since December-2022 low in daily. It placed I as impulse at $11.70 high in July-2023 started from August-2022 low as diagonal. It ended corrective pullback in II as zigzag correction at $6.01 low in August-2024 low. Within II, it placed ((A)) at $6.41 low, ((B)) at $10.49 high & ((C)) at $6.01 low in zigzag structure. Above $6.01 low, it resumes rally in ((1)) of III & expect one more push higher to finish it.

SOFI - Elliott Wave View From 12.30.2024: ​

Within ((1)), it placed (1) at $8.30 high, (2) at $6.75 low, (3) at $17.19 high & (4) at $13.75 low. Within extended (3) sequence, it ended 1 at $8.53 high, 2 at $7.57 low, 3 at $16.61 high, 4 at $14.85 low & 5 at $17.19 high. While, within (4) zigzag, it placed A at $14.58 low, B at $16.68 high & C at $13.75 low in blue box area as discussed in last article. Currently, it favors upside in 1 of (5) & soon can pullback in 2, which should remain above $13.75 low to extend higher. It expects (5) to extend towards $18.00 - $19.32 area to finish ((1)) impulse started from August-2024 low. Any buyers from blue box area already having risk free position with stop below last low.

Source: https://elliottwave-forecast.com/stock-market/sofi-found-buyers-extend-above-18/

 

[Elliottwave-Forecast]

The Global X Uranium ETF (URA) is designed to provide investors with exposure to the uranium mining industry. It includes companies involved in uranium mining, exploration, development, and production, as well as those producing nuclear components. With significant holdings in major uranium producers like Cameco, URA offers a way to invest in the nuclear energy sector's growth amid increasing global demand for clean energy solutions.

$URA Elliott Wave Chart Monthly Chart​

Uranium ETF (URA) Monthly Chart above shows the ETF ended wave ((II)) at 7.01. Up from there, the instrument is nesting higher as an impulse. Wave I ended at 31.6 and dips in wave II ended at 17.65. It resumed higher in wave ((1)) towards 33.66 and pullback in wave ((2)) ended at 22.79. Expect the instrument to extend higher in wave ((3)) of III as far as pivot at 7.01 low stays intact.

$URA Daily Elliott Wave Chart​

Daily chart above shows that the ETF ended wave ((1)) at 33.66. Pullback in wave ((2)) ended at 22.85 as a zigzag. The instrument has turned higher again wave ((3)). Up from wave ((2)), wave 1 ended at 27.55 and wave 2 pullback ended at 22.89. Wave 3 higher ended at 30.37, pullback in wave 4 ended at 29.11, and final wave 5 higher ended at 33.75. This completed wave (1) in higher degree. Wave (2) pullback unfolded as a zigzag where wave A ended at 29.27 and wave B ended at 33.56. Wave C lower ended at 26.6 which completed wave (2). The ETF has turned higher in wave (3). Up from wave (2), wave 1 ended at 30.05. Near term, as far as pivot at 22.85 low stays intact, expect pullback to find support in 3, 7, 11 swing for more upside.

Source: https://elliottwave-forecast.com/stock-market/uranium-miners-etf-ura-turned-higher/

 

[Elliottwave-Forecast]

Hello everyone! In today’s article, we’ll examine the recent performance of Tesla Inc. ($TSLA) through the lens of Elliott Wave Theory. We’ll review how the rally from the November 27, 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.

5 Wave Impulse Structure + ABC correction​

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$TSLA 1H Elliott Wave Chart 12.31.2024:​

In the 1-hour Elliott Wave count from December 31, 2024, we see that $TSLA completed a 5-wave impulsive cycle beginning on November 27, 2024, and ending on December 18, 2024, at the blue (3). As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 3 swings, likely finding buyers in the equal legs area between $393.81 and $345.09.
This setup aligns with a typical Elliott Wave correction pattern (ABC), where the market pauses briefly before resuming the main trend.

$TSLA 1H Elliott Wave Chart 1.06.2025:​

The most recent update, from January 6, 2025, shows that $TSLA 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, which confirmed that the bullish trend remains intact.

What’s Next for $TSLA?​

With the current rally, $TSLA appears well-supported. Based on the Elliott Wave structure, we expect the stock to continue its upward trajectory, targeting the $515 – $600 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 Tesla Inc. ($TSLA) suggests that it could continue its bullish run in the short term. Therefore, traders should monitor the $515 – $600 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/vi...ffers-a-buying-opportunity-and-can-reach-515/

 

[Elliottwave-Forecast]

Hedera is a decentralized, open-source, proof-of-stake public ledger and HBAR is the native cryptocurrency of the platform, used for processing and securing transactions on the network.

HBAR daily chart is showing an impulsive 3 waves structure up from 2023, moreover, the recent rally in wave ((3)) was the strongest achieving +830%. Then It did pullback in 3 waves within wave ((4)) so the daily cycle is looking for another rally in wave ((5)). Consequently, the coin will remain supported above recent December 2024 low $0.23 and it will continue the rally to break above the previous peak $0.39.

In conclusion, HBAR daily cycle remains bullish and the current move to the upside will aim for the target area at $0.43 - $0.49 before another 3 waves pullback takes place.

HBAR Daily Chart 1.5.2025​

Source: https://elliottwave-forecast.com/cryptos/hedera-hbar-wave5/

 

[Elliottwave-Forecast]

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 know, Dollar is still trading within the cycle from the September's low. Recently, we saw a 3-wave pullback, followed by a solid rally as expected. In the further text, we are going to explain the wave count.

DXY H1 New York 01.06.2025​

The current view suggests that the Dollar Index completed a 3-wave pullback from the peak, ending at the 107.751 low and labeled as wave ((ii)) blue. A sharp rally followed from this low, appearing impulsive. We have labeled this short-term cycle as wave i red, indicating the start of a new bullish cycle. A 3-wave pullback in wave ii red is anticipated before the rally resumes. We expect the Dollar Index to continue finding intraday sellers in 3, 7, and 11 swings

Reminder : You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page.

DXY H1 New York Update 01.07.2025​

We saw a 3-wave pullback in ii red, followed by a move up. The key level is 107.751. While the price stays above it, we expect more rally in the Dollar Index, ideally towards new highs. A break above the previous peak ((i)) black will confirm that wave ((iii)) is in progress.

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DXY H1 New York Update 01.08.2025​

The 107.751 low held as expected, and the price moved higher. We got a decent rally in Dollar index. The price is now approaching the previous peak, and we are looking for a break above wave ((i)) black to confirm further strength.

Remember, the market is dynamic, and the presented view may have changed in the meantime. For the most recent charts and target levels, please refer to the membership area of the site. The best instruments to trade are those with incomplete bullish or bearish swing sequences. We put them in Sequence Report and best among them are presented in the Live Trading Room

New to Elliott Wave ? Check out our Free Elliott Wave Educational Web Page and download our Free Elliott Wave Book.



Source: https://elliottwave-forecast.com/forex/dollar-index-dxy-forecasting-rally/