Elliott Wave Analysis by EWF

[Elliottwave-Forecast]

Elliott Wave Analysis for Binance Coin (BNB/USDT)​

This analysis examines Binance Coin (BNB/USDT) on the daily timeframe using Elliott Wave theory.

The chart reveals a bullish trend, with the structure currently in wave ((5)), the final phase of a larger impulsive pattern. Wave ((3)) was completed earlier as a five-wave sequence. This confirmed strong upward momentum. Following this, wave ((4)) developed as a corrective WXY pattern. This correction reset the trend and prepared the market for the next impulsive wave.

At present, wave ((5)) is unfolding, subdivided into smaller impulsive waves. Sub waves (1) and (2) are complete, and sub wave (3), the strongest and longest, is ongoing. Within (3), sub wave 4 formed a contracting triangle pattern and nearing its completion. This pattern shows sideways movement and price consolidation near key support levels. Once sub wave 4 finishes, sub wave 5 is expected to drive prices higher mark. This move should surpass the previous high of wave 3. The target range lies between $812.68 and $919.88 which would mark larger (3) followed by a pullback in 3, 7 or 11 swings before turning higher again.

Key Features and Invalidations​

Key features in this analysis include the "Turning Up" signal and green right-side tags. These tools align with the bullish outlook. They help traders identify favorable opportunities. Taking trades against the trend is discouraged, including shorting within the levels provided or following dotted-line projections.

The invalidation level is below the low of wave ((4)). A break below this level would negate the bullish scenario. In such a case, the trend would need to be reassessed.

Source: https://elliottwave-forecast.com/cr...-analysis-wave-5-unfolding-bullish-potential/

 

[Elliottwave-Forecast]

Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of AMD Stock published in members area of the website. As our followers know, the stock is showing incomplete sequences in the cycle from the 227.29 peak. Recently, we forecasted the end of the short-term bounce (Wave 4 red) and called for a further decline in the stock. In the following text, we’ll explain the Elliott Wave analysis and present target areas.

AMD Elliott Wave 1 Hour Chart 01.26.2025​

AMD stock remains bearish against the 131.74 peak in the first degree. The short-term recovery (Wave 4 red) appears to be completed as an Elliott Wave Zig Zag pattern at the 125.7 high. While the price stays below this level, we believe Wave 5 red may be in progress toward new lows. We expect to see further decline. AMD is ideally targeting the 110.43-105.72 area.
We don’t recommend forcing long trades at this stage and prefer staying short from the previous Blue Box area. The right strategy for buyers is to wait for the extreme zone to be reached before buying the stock again.

You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page​

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

AMD Elliott Wave 1 Hour Chart 01.27.2025​

AMD held below the 125.7 high and declined as expected. We may see a 3-wave bounce against the 125.7 high before the further decline takes place. The next short-term target zone to the downside is at the 110.43-105.72 area.

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

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.

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

 

[Elliottwave-Forecast]

CAVA Group Inc (CAVA) owns & operate the chain of restaurants in the United States. Company offers dips, spreads & dressings through grocery stores. It also provides online & mobile ordering platforms. It comes under Consumer Cyclical sector & trades as “CAVA” ticker at NYSE.

CAVA is showing impulse sequence from October-2023 low, which ended at $172.43 high. Short term, it favors bounce in ((X)) of II, which should fail below November-2024 high to resume lower.

CAVA - Elliott Wave Latest Daily View: ​

It made all time low of $29.05 on 10.04.2023 low. Above there, it started bullish sequence of I, ended at $172.43 high. Within I sequence, it ended ((1)) at $98.69 high, ((2)) at $72.10 low, ((3)) at $141.25 high, ((4)) at $129.51 low & ((5)) at $172.43 high. Within ((1)) sequence, it ended (1) at $35.36 high, (2) at $29.66 as flat, (3) at $71.60 high, (4) at $58.22 low & (5) at $98.69 high in July-2024. Below $172.43 high, it started correcting in II against October-2023 low before rally resumes.

It placed ((W)) at $109.23 low in 3 swing structure. Within ((W)), it placed (A) at $133.00 low, (B) at $153.34 high & (C) at $109.23 low in extreme areas. Currently, it favors pullback in (B) of ((X)), while placed (A) at $126.48 high. It should extend (B) towards $118.94 - $114.62 area & remain above $109.23 to bounce in (C) to finish ((X)). Once it finished ((X)) in 3 or 7 swings, it should extend lower in ((Y)) to extreme areas to finish II. We like to buy the pullback in ((Y)) at extreme areas, which can project once ((X)) ends.

Source: https://elliottwave-forecast.com/stock-market/cava-group-favors-bounce-weakness/

 

[Elliottwave-Forecast]

Hello everyone! In today’s article, we’ll examine the recent performance of Consumer Staples ETF ($XLP) through the lens of Elliott Wave Theory. We’ll review how the rally from the October 06, 2023, 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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$XLP Daily Elliott Wave Chart 1.19.2025:​

$XLP 4H Elliott Wave Chart 1.19.2025:​

In the daily Elliott Wave count from January 19, 2025, we see that $XLP completed a 5-wave impulsive cycle beginning on October 06, 2023, and ending on September 16, 2024, at the black ((3)). As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 3 swings first, likely finding buyers in the equal legs area between $78.87 and $75.67.
This setup aligns with a typical Elliott Wave correction pattern (ABC), where the market pauses briefly before resuming the main trend.

$XLP 4H Elliott Wave Chart 1.27.2025:​

The most recent update, from January 27, 2024, shows that The ETF reacted as predicted. After the decline from the September peak, the ETF found support in the equal legs area, leading to a bounce. As a result, traders could adjust to go risk-free.

What’s Next for $XLP?​

With the current bounce, the ETF appears well-supported. Based on the Elliott Wave structure, we expect the ETF to continue its upward trajectory, targeting the $80 – $81 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 SPDR Consumer Staples ETF ($XLP) suggests that it could bounce in the short term. Therefore, traders should monitor the $80 – $81 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/video-blog/staples-etf-xlp-blue-box-offers-buying-opportunity/

 

[Elliottwave-Forecast]

Last year, we presented the Super Cycle target for Costco at $1006. COST already reached that area and therefore we’ll be looking at the Elliott Wave Structure to explain the next move within the cycle.

Costco rally from 2022 is clearly infolding within an impulsive bullish structure and it's looking to establish a regular 5 waves advance. After hitting the monthly equal legs area, COST ended the wave III and did a pullback in wave IV. It's now proposed to be looking for a rally higher in wave V to end the entire cycle in wave (III).

The technical target to the upside for the 5th wave is at $1035 - $1077 and after that we expect the stock to see a larger pullback in a proposed wave (IV). Subsequently, the correction is expected to take place this year and it will provide another daily buying opportunity with monthly targets to the upside for wave (V) at $1147 - $1378.

In conclusion, COST Super Cycle remains in progress as the stock is looking for at least 2 more swings to the upside and consequently we only recommend buying to pullbacks in 3 , 7 or 11 swings.

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Costco COST Weekly Chart 1.30.2025​

Source: https://elliottwave-forecast.com/stock-market/costco-cost-super-cycle-target/

 

[Elliottwave-Forecast]

Ford Motor Company (F) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand, and luxury cars under its Lincoln luxury brand.

FORD (F) Daily Chart August 2024​

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We have been calling Ford bearish since it ended a wave ((X)) at 16.68 high. Since then, the market continued lower and we are expecting a double correction (W), (X), (Y) to complete wave ((Y)). Down from August 2022 high, we can see 7 swings lower developing a double correction structure ending wave (W) at 9.63 low. A new rally started from wave (W) low to build a structure of 3 swings as wave (X) ending at 14.85 high.

FORD (F) Daily Chart February 2025 ​

After a few days, F opened with a big gap that would eventually break the low of wave (W). This suggested that we should at least see 3 more waves down to finish the bearish cycle. In the last few months, the market has been moving sideways, so we have adjusted the count based on the new structure. Therefore, we have labeled the strong drop from wave (X) as A ending at 9.49 low. The structure formed from here could be a flat correction (3-3-5). For that, we need to see a rally to 11.86 - 12.58 area to complete wave B and then resuming lower in wave C of (Y). We still expect more downside in the stock and it could drop to 7.79 - 3.43 area. We do NOT recommend to buy near term in this possible wave ((c)) of B. The trend is bearish against 14.85 high. Trade smart!

Source: https://elliottwave-forecast.com/stock-market/ford-stock-price-decline/

 

[Elliottwave-Forecast]

SIL (Silver Miners ETF) is a financial product designed to mirror the performance of silver mining companies. It offers investors a straightforward way to gain exposure to the silver market without directly purchasing physical silver or individual mining stocks. SIL diversifies risk by spreading investments across multiple companies within the sector, potentially providing a hedge against volatility in silver prices. In this article, we will look at the Elliott Wave outlook for the ETF.

SIL (Silver Miners ETF) Monthly Elliott Wave Chart​

Monthly Elliott Wave chart of SIL above shows the ETF ended Grand Super Cycle wave ((II)) on 2016 at 14.94. From there, the ETF is rallying higher as a nesting impulse. Up from wave ((II)), wave I ended at 54.34 and wave II dips ended at 15.61. The ETF then nested higher within wave III. Up from wave II, wave ((1)) ended at 52.87 and dips in wave ((2)) ended at 21.26. Then it rallied in wave (1) towards 42.29 and pullback in wave (2) ended at 31.37. As far as pivot at 15.93 low is intact, pullback should find support in 3, 7, 11 swing for further upside.

Silver Miners ETF Daily Elliott Wave Chart​

Daily Elliott Wave Chart of Silver Miners ETF (SIL) above shows wave ((2)) pullback ended at 21.13. Rally from wave ((2)) low takes the form of a diagonal 5 waves. Up from wave ((2)), wave 1 ended at 33.24 and wave 2 ended at 22.57. Wave 3 higher ended at 36.75 and wave 4 pullback ended at 28.02. Final leg wave 5 ended at 42.29 which completed wave (1) in higher degree. Near term, while pivot at 21.16 low is holding, expect dips to find buyers in 3, 7, or 11 swing for further upside.

Source: https://elliottwave-forecast.com/video-blog/silver-miners-etf-sil-maybe-ready-to-resume-higher/

 

[Elliottwave-Forecast]

Hello traders ! In this technical article, we’re going to take a quick look at the Elliott Wave charts of the S&P 500 E-Mini (ES_F Futures) , published in the members area of the website.

As our members know, $ES_F recently provided a solid trading setup. The main outlook remains bullish, with the market currently correcting the cycle from the August 5812.28 low.

In this article, we’ll explain our forecast and the best way to approach trading $ES_F.

ES_F Elliott Wave 1 Hour Chart 01.27.2025​

Futures show an impulsive decline from the peak. Consequently, we assume that the price is nearing the completion of the first leg of a deeper wave 2 (red) pullback, unfolding as a Zig-Zag pattern. We expect to see a three-wave bounce in ((b)), followed by another leg down in wave 2 (red). The final target for wave 2 (red) will depend on how far wave ((b)) extends to the upside.

ES_F Elliott Wave 1 Hour Chart 02.02.2025​

$ES_F has completed a clear five-wave decline from the peak—((a)) in black—followed by a three-wave bounce in ((b)), as anticipated. The market is now likely in the final ((c)) leg of the correction.As long as the price remains below the 6148.21 peak, $ES_F can see a drop toward the 5934.5–5884 area to complete wave 2 (red) before resuming the larger trend.

If you’re not already long and risk-free from the previous blue box area, the best approach to trading $ES_F would be to wait for a break above the 1 red peak. Once that happens, we can look for an intraday pullback to buy the dips in the 3, 7, and 11 swings. You will also receive further support in the Live Trading Room and 24h Chat Room.

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.

You can find detailed information on trading setups 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-e-mini-es_f-elliott-wave-2/

 

[Elliottwave-Forecast]

TXN gained 34% from the blue box where buyers went long in April 2024. While the stock has maintained the long term bullish sequence, the pullback from November 2024 may present another trading opportunity for buyers from the dip. In this blog post, we will explore this opportunity and see if we could get another perfect entry.

Texas Instruments Incorporated (TXN) is a well-established American technology company headquartered in Dallas, Texas. It’s known primarily for its semiconductor and integrated circuit products, which are used in a wide range of applications including industrial, automotive, consumer electronics, and telecommunications. In this post, we will look at the TXN Elliott Wave Analysis.

TXN Elliott Wave Analysis - 11th April, 2024​

After breaking above the October 2021 high, TXN formed a new peak in November 2024. This confirmed a clear impulse sequence from the December 2018 low. After the November 2024 peak, the stock started a pullback. This pullback is still incomplete, giving buyers enough time to wait for the best entry at the extreme. This setup is similar to one we shared on April 12, 2024. Click here to read it again.

In that blog post, we used the chart below. On the H4 chart, the price completed wave 1, followed by a wave 2 pullback. After that, the price turned higher and broke above the wave 1 top with wave ((i)) of 3. So, we recommended buying at the extreme of wave ((ii)), as shown in the chart below. The blue box highlighted the buy zone with entry at 164.2 the stop at 157.36.

Latest TXN H4 Chart - 3rd February, 2024​

The chart above is the latest H4 showing the reaction from the blue box. From there, TXN prices soared 34% before it peaked again. From the peak of November 2024, the stock is in another pullback. Could this present another opportunity for buyers?

TXN Elliott Wave Analysis - 3rd February, 2024​

The chart shows price is most likely correcting the bullish cycle from the late October 2023 low. It was within the same cycle we had the last trade shared earlier. The current pullback is forming a 7-swing structure. Waves (W) and (Y) of ((2)) ended in December 2024 and January 2025. Now, a new blue box has appeared for buyers.

Here is the latest trade recommendation.

Long at 163.56
Stop at 140.5
Target at 255.5
Profit Management: Take partial profit at 50% of C of (Y) of ((2)) and adjust the rest to the low of wave C of (Y) of ((2))
Source: https://elliottwave-forecast.com/stock-market/txn-gained-34-blue-box/

 

[Elliottwave-Forecast]

Hello Traders! Today, we’ll dive into the 4H Elliott Wave structure of Peloton Interactive Inc. ($PTON) and explain why the corrective pullback could present an excellent buying opportunity. Let’s analyze the price action and forecast the next steps.

About Peloton Interactive Inc.​

Peloton Interactive, Inc. is an American exercise equipment and media company based in New York City. The company's products are stationary bicycles, treadmills, and indoor rowers equipped with Internet-connected touch screens that stream live and on-demand fitness classes through a subscription service.

5 Wave Impulse Structure + ABC correction​

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$PTON 4H Elliott Wave View February 3rd 2025:​

The 4H Elliott Wave chart for $PTON reveals key patterns based on Elliott Wave Theory. This analysis provides a roadmap for traders to plan their next steps effectively.

Breaking Down $PTON's Recent Price Action​

Since the May 2nd 2024 low, $PTON has followed a classic 5-wave impulse pattern, indicating a strong trend. Here’s what has happened so far:

1. Wave ((1)) ended on December 17, 2024, marking the first impulse.
2. Afterward, the stock pulled back in a 5-wave correction, eventually bottoming out at wave (A).
3. $PTON then bounced and failed, completing wave (B) on January 15, 2025.
4. Now, wave (C) of wave ((2)) is in progress, and the price is approaching a potential support area known as the Blue Box, which ranges from $6.38 to $4.59.

The Blue Box: A Key Area to Watch​

The Blue Box represents a crucial zone where buyers could step in and start the next rally toward wave ((3)). Typically, corrections occur in 3, 7, or 11 swings, so traders should remain cautious and manage their risk.

Here’s What to Keep in Mind:

• Stay above the Invalidation Level: As long as the price holds above $2.70, the bullish outlook remains intact. A drop below this level would require a new analysis.
• Avoid Short Selling: The anticipated decline toward the Blue Box might tempt some to sell, but this carries risks. A truncation could occur, cutting the move short. Instead, watch for signs of a bounce in the Blue Box as a signal for the next rally.

Smart Risk Management​

Because the correction could extend into 7 swings, consider taking partial profits on the first bounce. By doing this, you protect some gains and make your remaining position risk-free, setting yourself up for the potential wave ((3)) rally.

Why Elliott Wave Theory Points to a Rally​

Elliott Wave Theory helps traders understand market trends and sentiment shifts. In this case, it suggests that once wave ((2)) finishes, $PTON could start a new upward leg, aiming for fresh highs with wave ((3)).

Conclusion​

With $PTON nearing a crucial support zone in its Elliott Wave cycle, traders should stay alert for a potential rally. As long as the stock remains above the $2.70 level, the chances of a bullish move increase. Use this analysis to guide your trading strategy and anticipate what’s next.

Source: https://elliottwave-forecast.com/st...n-5-waves-ended-corrective-pullback-underway/

 

[Elliottwave-Forecast]

NANO Nuclear Energy Inc., (NNE) operates as microreactor technology company, developing solid-core battery reactor & low-pressure coolant reactor. It comes under Industrials Sector & trades as “NNE” ticker at Nasdaq.

NNE is trading higher since inception this year from May-2024. It is in impulse sequence from $3.25 low & continue towards $52.03 or higher levels, while dips remain above $19.21 low.

NNE - Elliott Wave Latest Daily View: ​

Above $3.25 low of 5.14.2024, it placed (I) at $37.51 high & (II) as zigzag correction at $6.30. Within (II) pullback, it placed a at $15.41 low, b at $34 high & c as (II) at $6.30 low as dip pullback against May-2024 low. It confirms new high above $37.51 as the part of I of (III) in recent rally. Above (II) low, it placed ((1)) at $33.82 high as diagonal sequence. It corrected in ((2)) of I as flat correction ended at $19.21 low. Within ((2)), it placed (A) at $22.02 low, (B) at $33.40 high & (C) at $19.21 low.

Above ((2)) low, it placed ((3)) at $48.05 high & ((4)) at $31.55 low on 1.28.2025. It favors upside in ((5)) of I, which confirms above $48.05 high & extend towards $52.03 – $58.37 area to finish I before II corrects against August-2024 low. In ((5)), it placed (1) at $43.43 high, (2) proposed ended at $34.27 low & favors upside in (3), which confirms above $43.43 high.

It can have few alternates as well. If it breaks below $34.27 low, it can extend (2) & remain above $31.55 low to resume higher in (3). Alternatively, if it breaks below $31.55 low, it can extend ((4)) against 1.13.2025 low before next rally. It turn out more bullish as nest in ((3)) of I, if it breaks above $48.05 high & erase the momentum divergence. We like to buy the pullback in 3, 7 or 11 swings at extreme areas.

Source: https://elliottwave-forecast.com/stock-market/nano-nuclear-energy-nne-favors-rally-towards-52/

 

[Elliottwave-Forecast]

In this technical article we’re going to take a look at the Elliott Wave charts charts of Nvidia Stock (NVDA) published in members area of the website. As our members know, we generally favor the long side in NVDA, due to impulsive bullish sequences. Recently, the stock has corrected the cycle from the August 90.68 low. We got a pull back which unfolded as an Irregular Flat pattern.

Before we take a look at the real market example of Expanded Flat, let’s explain the pattern in a few words.

Elliott Wave Expanded Flat Theory​

Elliott Wave Flat is a 3 wave corrective pattern which could often be seen in the market nowadays. Inner subdivision is labeled as A,B,C , with inner 3,3,5 structure. Waves A and B have forms of corrective structures like zigzag, flat, double three or triple three. Third wave C is always 5 waves structure, either motive impulse or ending diagonal pattern. It’s important to notice that in Irregular Flat Pattern wave B completes above the starting point of wave A. Wave C ends bellow the ending point of wave A . Wave C of Flat completes usually between 1.00 to 1.236 Fibonacci extension of A related to B, but sometimes it could go up to 1.618 fibs ext.

At the graphic below, we can see 3 types of Elliott Wave Flat structures



Now, let’s take a look what Elliott Wave Flat Pattern looks like in the real market

NVDA 4h Hour Elliott Wave Analysis 01.28.2025.​

Currently, NVDA is correcting the cycle from the 90.68 low. Elliott Wave analysis suggests that the pullback is unfolding as an Irregular Flat Pattern. When analyzing the lower time frames, we observe that the inner subdivisions of waves (A) and (B) in blue exhibit corrective sequences. Wave (B) has broken above the starting point of wave (A), while wave (C) has broken below the starting point of wave (B), which is characteristic of an Irregular Flat pattern.

At this stage, the (C) leg still requires another wave up to complete its structure as a 5-wave move. We recommend that our members avoid selling at this stage. The target for wave 5 in red would be the inverse 1.236 Fibonacci extension of wave 4.

You can learn more about Elliott Wave FLAT and other Patterns at our Free Elliott Wave Educational Web Page​

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.

NVDA 4h Hour Elliott Wave Analysis 02.06.2025.​

Nvidia made another leg down in wave 5 of (C), completing the pullback. Now, the 113.09 low is the key pivot for the proposed view. As long as the price stays above that level, we can count the correction as completed in an Irregular Flat Pattern. Otherwise, a break below 113.09 would open the possibility for further downside extension

Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. For additional information on the best trading strategies for Bitcoin, visit our Live Trading Room and stay updated with the latest insights in our Chat Room.

You can find detailed information on trading setups 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/elliottwave/nvidia-stock-nvda-elliott-wave-flat/

 

[Elliottwave-Forecast]

In our previous article, we explained weekly breakout for BlackRock (NYSE: BLK) and presented the technical structure within its current cycle from 2022 low. Today, we'll continue analysing the weekly aph based on the Elliott Wave Theory.

BlackRock BLK rally into new all time highs in recent month created an incomplete bullish sequence from all time low with a yearly target at equal legs area $1464 - $1691. Consequently, the stock will remain supported above 2022 low $503.12 and continue to the upside within the weekly cycle.

The current rally from 2022 is showing 3 waves advance into new highs, therefore it's also looking for more upside to take place before ending the cycle. The peak in January is proposed to be wave ((3)) and it's currently doing a wave ((4)) pullback. This correction will find buyer between the 23.6% - 38.2% Fibonacci retracement area at $969 - $897, after that BLK will rally higher again in wave ((5)).

BlackRock will end 5 waves advance in wave I this year , as a result, it will see larger degree 3 waves pullback in wave II before turning higher again. In conclusion, the stock remains bullish within its larger time frame cycle and we only recommend buying the pullbacks in 3 , 7 or 11 swings.

BlackRock BLK Weekly Chart 2.8.2025​

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Source: https://elliottwave-forecast.com/stock-market/blackrock-blk-bullish-sequence-2/

 

[Elliottwave-Forecast]

Semiconductor Manufacturing International Corporation (SMIC), listed as 0981.HK on the Hong Kong Stock Exchange, is China's largest semiconductor foundry and one of the top five globally. Founded in 2000, SMIC specializes in the design and manufacturing of integrated circuits used in various applications including AI, data centers, and consumer electronics.

Despite U.S. sanctions impacting its ability to access advanced technology, SMIC has been expanding its capabilities. It is developing a 7-nanometer chips for Huawei before the U.S. tightened export controls in 2022. The company is headquartered in Shanghai with operations in several Chinese cities and maintains a significant role in China's push for semiconductor self-reliance.

Below we are looking at the long term Elliott Wave view of SMIC

Monthly Elliott Wave View on SMIC​

Monthly Elliott Wave view above suggests the stock ended wave (II) Grand Super Cycle at 1.1. The stock has rallied higher in wave (III) which subdivides into an impulse Elliott Wave structure. Up from wave (II), wave ((1)) ended at 10.9 and wave ((2)) ended at 2.36. The stock extended higher in wave ((3)) towards 14.76 and pullback in wave ((4)) ended at 5.88. The stock ended wave ((5)) higher at 44.8 which completed wave I in higher degree. Pullback in wave II ended at 13.88 with internal subdivision as a double three Elliott Wave structure. While the stock stays above 1.10, expect further upside in the stock. Pullback should find buyers in 3, 7, 11 swing.

Daily Elliott Wave View on SMIC​

Daily Elliott Wave view of SMIC above shows that wave II pullback ended at 14.46. Internal subdivision of wave II unfolded as a double three Elliott Wave structure. Wave ((W)) ended at 14.64 and wave ((X)) ended at 25.75. Wave ((Y)) lower ended at 14.46 with internal subdivision as a zigzag structure. The stock has resumed higher in wave III. Up from wave II, wave (1) ended at 35.5 and wave (2) ended at 24.15. Expect the stock to end wave (3) soon. Afterwards, it should pullback in wave (4) before it resumes higher again.

Source: https://elliottwave-forecast.com/stock-market/long-term-elliott-wave-view-smic/

 

[Elliottwave-Forecast]

Palantir Technologies (PLTR), Inc. is a holding company, which engages in the development of data integration and software solutions. It operates through the Commercial and Government segments. The firm offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions.

PALANTIR (PLTR) Weekly Chart September 2024​

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You can check above the weekly count of PLTR from September 2024. The market conditions suggested PLTR was in wave I; therefore, we changed the wave I for wave ((1)). Wave ((1)) ended at $29.83 in $29.23 - $32.00 area where we were expecting to hit a target. Then, the price pulled back to 21.23 where we called wave ((2)) completed, resuming with a strong rally breaking above wave ((1)), and supporting that wave ((3)) was underway. We were looking to continue to the upside until completing wave ((3)). We should look for buying dips as price remains above wave ((2)) low.

PALANTIR (PLTR) Daily Chart February 2025​

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After 5 months, PLTR stock price rised by more than 200%. For this reason, we have retook to the original idea that wave I of (III) had already ended instead of calling it wave ((1)). So, wave I ended at 29.83 high and wave II at 21.23 low. The rally continued as we expected, and we think wave III finished at 84.80 high. Wave IV completed at 63.40 low and the market resumed the bullish trend to build wave V with the last earnings announcement. Currently, the move is showing 3 waves up and we are waiting for wave ((4)) of V before it continues higher. As long as we don’t see that wave ((4)), the price can continue to rise without any problem, but if you see the correction it is an opportunity to buy to continue the trend in wave ((5)) of V and wave (III). At the moment, we are managing a target price of $127 to end the cycle. However, we cannot rule out maintaining the bullish movement, before entering wave (IV). Let see what the market give us. Trade Smart!

Source: https://elliottwave-forecast.com/stock-market/palantir-pltr-growth-earnings-momentum/