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Elliott Wave Forecasts of 78 markets.

Elliott Wave Forecast: Silver Miners ETF (SIL) Eyes a Double Correction Scenario

SIL (Silver Miners ETF) is a financial instrument crafted to track the performance of silver mining companies. It provides investors with a convenient avenue to tap into the silver market without the need to acquire physical silver or individual mining stocks directly. By distributing investments across various companies in the sector, SIL helps diversify risk, potentially serving as a buffer against fluctuations in silver prices. In this article, we will explore the Elliott Wave outlook for this ETF. SIL (Silver Miners ETF) Monthly Elliott Wave Chart The monthly Elliott Wave chart for Silver Miners (SIL) shows that the ETF hit a major low of 14.94 in 2016, marking the end of a long-term cycle. Since then, it’s been climbing steadily in an upward trend. From that 2016 low, it surged to 54.
Elliott Wave Forecast: Silver Miners ETF (SIL) Eyes a Double Correction Scenario

Walmart Stock (WMT) Heading for More Pain as Trouble Mounts

Walmart (NYSE: WMT) is down 20% from the peak but is it the right time to start buying the stock at current levels ? In this article we’ll go over the Elliott Wave structure for the current move and explain the potential expected path. WMT is current currently showing an impulsive 5 waves decline from the peak. The move is proposed to be wave ((A)) of a corrective 3 waves Zigzag structure and it should be seeing a wave ((B)) bounce then another leg lower in  wave ((C)). Elliott Wave ZigZag Structure WMT You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page Remember, the market is dynamic, so the presented view may have changed in the meantime. You can also ask for live updates in our Live Trading Room, where our expert analysts provide next
Walmart Stock (WMT) Heading for More Pain as Trouble Mounts

The Nikkei (NKD) appears poised to continue its broader corrective trend

The Nikkei (NKD) has been trending lower since its peak on July 8, 2024. We indicate this decline follows a “double three” Elliott Wave pattern, characterized by a series of distinct movements. After reaching that high, the index fell to 30,720, rebounded to 40,675, and is now progressing downward in a zigzag formation as the internal within “wave y.”  The index dropped to 36,275, rose to 38,029 with intermediate fluctuations, and has since resumed its downward trajectory. This ongoing move lower has already reached 33,525, followed by a recovery to 34,975. We anticipate the index will extend further downward to complete this phase. Afterwards, a temporary rally is expected to provide a correction before the next decline resumes. We anticipate the index will extend further downward to
The Nikkei (NKD) appears poised to continue its broader corrective trend

The Nikkei (NKD) appears poised to continue its broader corrective trend

The Nikkei (NKD) has been trending lower since its peak on July 8, 2024. We indicate this decline follows a “double three” Elliott Wave pattern, characterized by a series of distinct movements. After reaching that high, the index fell to 30,720, rebounded to 40,675, and is now progressing downward in a zigzag formation as the internal within “wave y.”  The index dropped to 36,275, rose to 38,029 with intermediate fluctuations, and has since resumed its downward trajectory. This ongoing move lower has already reached 33,525, followed by a recovery to 34,975. We anticipate the index will extend further downward to complete this phase. Afterwards, a temporary rally is expected to provide a correction before the next decline resumes. We anticipate the index will extend further downward to
The Nikkei (NKD) appears poised to continue its broader corrective trend

The Nikkei (NKD) appears poised to continue its broader corrective trend

The Nikkei (NKD) has been trending lower since its peak on July 8, 2024. We indicate this decline follows a “double three” Elliott Wave pattern, characterized by a series of distinct movements. After reaching that high, the index fell to 30,720, rebounded to 40,675, and is now progressing downward in a zigzag formation as the internal within “wave y.”  The index dropped to 36,275, rose to 38,029 with intermediate fluctuations, and has since resumed its downward trajectory. This ongoing move lower has already reached 33,525, followed by a recovery to 34,975. We anticipate the index will extend further downward to complete this phase. Afterwards, a temporary rally is expected to provide a correction before the next decline resumes. We anticipate the index will extend further downward to
The Nikkei (NKD) appears poised to continue its broader corrective trend

The Nikkei (NKD) appears poised to continue its broader corrective trend

The Nikkei (NKD) has been trending lower since its peak on July 8, 2024. We indicate this decline follows a “double three” Elliott Wave pattern, characterized by a series of distinct movements. After reaching that high, the index fell to 30,720, rebounded to 40,675, and is now progressing downward in a zigzag formation as the internal within “wave y.”  The index dropped to 36,275, rose to 38,029 with intermediate fluctuations, and has since resumed its downward trajectory. This ongoing move lower has already reached 33,525, followed by a recovery to 34,975. We anticipate the index will extend further downward to complete this phase. Afterwards, a temporary rally is expected to provide a correction before the next decline resumes. We anticipate the index will extend further downward to
The Nikkei (NKD) appears poised to continue its broader corrective trend

Bitcoin (BTCUSD) Elliott Wave : Calling the Decline After 3 Waves Bounce

Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of  Bitcoin(BTCUSD) published in members area of the website. As our members know, Bitcoin is currently correcting its short-term cycle from the 76,612 low. In the following analysis, we will break down the Elliott Wave forecast and identify the key target area. BTCUSD  Elliott Wave 1  Hour  Chart 04.02.2025 The pullback still looks incomplete at the moment. We count five waves down from the peak, suggesting we have only the first leg ((a)) of wave 2 which is unfolding as a Zig Zag pattern. As long as the price remains below 88760 peak , we anticipate another leg down as proposed on the chart. You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educati
Bitcoin (BTCUSD) Elliott Wave : Calling the Decline After 3 Waves Bounce

Elliott Wave Analysis: Alphabet ($GOOGL) Nearing Completion of 5-Wave Decline

In our latest Elliott Wave analysis of Alphabet ($GOOGL) on the 30 minute chart, we observe a clear 5-wave impulse structure unfolding to the downside, originating from the February 5, 2025 peak. This decline aligns with the broader corrective pattern, and we believe $GOOGL is now in the final stages of this bearish move before a larger recovery takes shape. Let’s break down the structure and what to expect next. Wave Structure Breakdown The chart below illustrates that $GOOGL reached a significant high on February 5, 2025, at 209.51. From this peak, the stock initiated a 5-wave impulse decline: Wave ((1)): The first leg down concluded at 156.72, marking a sharp initial decline from the February 5 high. Wave ((2)): A corrective rally followed, retracing part of the decline and peaking at 1
Elliott Wave Analysis: Alphabet ($GOOGL) Nearing Completion of 5-Wave Decline

Dollar Index (DXY) Elliott Wave : Forecasting the Decline

Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of  Dollar Index DXY published in members area of the website. As our members know , Dollar shows bearish sequences in the cycle from the  110.157 peak.  In the following text, we will explain the Elliott Wave forecast in more detail. Dollar Index DXY  Elliott Wave 1  Hour  Chart 04.02.2025 As mentioned earlier, Dollar is showing bearish sequences – 5 waves pattern from the 110.15 high, and we expect further weakness in the US Dollar. Current Elliott Wave analysis suggests that DXY completed a three-wave recovery at the 104.68  high, marked as wave 4 red. As long as the price remains below this level, we anticipate continued downside in Dollar index.. At th
Dollar Index (DXY) Elliott Wave : Forecasting the Decline

The DAX is declining in an impulsive structure, according to Elliott Wave perspective

The $DAX appears to be tracing a five-wave impulsive decline from its recent high on March 18, 2025. In Elliott Wave theory, an impulsive structure consists of five distinct waves. Wave 1, 2, 3, 4, and 5 as motive wave moves the direction of the prevailing trend, which in this case is downward. This pattern indicates a strong, directional move, with waves ((i)), ((iii)), and ((v)) being motive (driving the decline) and waves ((ii)) and ((iv)) serving as countertrend corrections. Starting from the March 18 peak, wave ((i)) likely initiated the downturn which ended at 22723.19. It was followed by a corrective wave ((ii))  rebound towards 23204.59. Wave ((iii)), typically the longest and most powerful in an impulsive sequence, should push the index lower with momentum. A smaller correcti
The DAX is declining in an impulsive structure, according to Elliott Wave perspective

Apple (AAPL) Gains Momentum with 5 Swing Rally, Upside Likely

Apple Inc. ($AAPL) is showing signs of strength as it builds momentum in a classic Elliott Wave structure. Today’s chart highlights a 5-swing rally from 208.4 low that has propelled the stock higher, signaling potential for further upside in the near term. After establishing a solid base, $AAPL has completed a 5-swing sequence—a bullish pattern often seen in trending markets. The rally began from a key support zone of 184.6 – 209.5. The latest leg up has ended wave (1) in 5 swing, suggesting the short term trend shifts to the upside. As long as pullbacks hold above the recent swing low, the path of least resistance is upward. The immediate support sits at the prior swing low at 208.4. A hold above this zone keeps the bullish outlook alive. A break below this critical level would negate the
Apple (AAPL) Gains Momentum with 5 Swing Rally, Upside Likely

SPDR Industrial ETF $XLI Blue Box Area Offers A Buying Opportunity

Hello everyone! In today’s article, we’ll examine the recent performance of SPDR Industrial ETF ($XLI) through the lens of Elliott Wave Theory. We’ll review how the decline from the November 27, 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  $XLI 4H Elliott Wave Chart 3.12.2025: In the 4H Elliott Wave count from March 12, 2025, we saw that $XLI is completing a 7-swing correction beginning on November 27, 2024. We anticipated this pullback to unfold in 7 swings, likely finding buyers in the equal legs area between $128.66 and $125.53. This set
SPDR Industrial ETF $XLI Blue Box Area Offers A Buying Opportunity

DexCom Inc (DXCM): Forecasting Trends & Key Levels In Double Correction

DexCom Inc., (DXCM) prominent player in the healthcare sector, specializes in continuous glucose monitoring systems, helping improve diabetes management. Listed on Nasdaq under the ticker “DXCM,” the company operates on a global scale. This stock reflects a notable trading pattern, with anticipated market movements providing insights for investors. From a technical perspective, DXCM has been navigating a double three correction pattern since its November 2021 peak. DXCM – Elliott Wave Latest Weekly View:  The company’s grand super cycle ((I)) reached its zenith at $164.86, marking a high from its all-time low. Following this, the stock has exhibited a corrective wave ((II)), forecasting a gradual dec
DexCom Inc (DXCM): Forecasting Trends & Key Levels In Double Correction

Fortinet Inc. (FTNT) Elliott Wave Forecast: Bullish Trend Continues

Understanding Fortinet’s Long-Term Growth Potential Through Elliott Wave Analysis Fortinet Inc. (FTNT) remains in a long-term bullish cycle, with Elliott Wave analysis signaling further upside. The stock recently completed a significant correction and appears ready for the next move higher. Weekly Elliott Wave Analysis: The weekly chart of FTNT highlights a clear five-wave impulsive advance, which completed wave III at a peak in 2022. Afterward, the stock entered a complex corrective phase, labeled as wave IV. This correction found support near $42.62, aligning with key Fibonacci retracement levels. With this correction now over, FTNT has begun a new bullish cycle.   Short-term Elli
Fortinet Inc. (FTNT) Elliott Wave Forecast: Bullish Trend Continues

PNC Financial Services Aiming For Reaction To The Upside

PNC Financial Services (NYSE: PNC) is down more than 20% in the recent 4 months. Investors are looking for clues into the current decline to prepare a plan for the next move. We’ll use the Elliott Wave Theory to define the technical structure and understand the potential path. Since December 2024 peak, PNC is showing a clear 3 swings decline and we can define it as an Elliott Wave Zigzag structure. Wave ((A)) ended in 12.20.2024 at $185, wave ((B)) ended in 1/29/2025 at $205 and the wave ((C)) remains in progress. In other words, the current move to the downside is corrective and it’s still expected to end wave (5) of ((C)) at the equal legs with the Blue Box area $170.68 – $149.25. PNC 4 Hour Elliott Wave Chart
PNC Financial Services Aiming For Reaction To The Upside

Pop Mart (9992) Demonstrates Exceptional Bullish Drive

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
Pop Mart (9992) Demonstrates Exceptional Bullish Drive

Elliott Wave Perspective: Dow Futures (YM) Poised to Continue Its Rally

The short-term Elliott Wave perspective for Dow Futures (YM) indicates that the wave IV pullback concluded at 40725, as illustrated in the 1-hour chart below. The Index has begun to climb in wave V. However, it must still surpass the prior peak of 45227, set on January 31, 2025, to eliminate the possibility of a double correction downward. The rally from the wave IV low has so far unfolded in three swings. For greater confidence in continued upward momentum, it’s advisable to wait until a five-swing pattern emerges. The rally from wave IV is expected to develop as a five-swing diagonal Elliott Wave structure. From the wave IV low, wave ((i)) peaked at 41905, followed by a wave ((ii)) pullback that bottomed at 41587. Wave ((iii)) then advanced to 42388, with the subsequent wave ((iv)) pullb
Elliott Wave Perspective: Dow Futures (YM) Poised to Continue Its Rally

GBPCAD Finds Support in Blue Box, Buyers Achieve First Target

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
GBPCAD Finds Support in Blue Box, Buyers Achieve First Target

Elliott Wave View: EURUSD Correcting in Zigzag Structure

Short Term Elliott Wave view in EURUSD suggests rally from 2.3.2025 low is in progress as a 5 waves impulse. Up from there, wave 1 ended at 1.0528 and pullback in wave 2 ended at 1.036. Wave 3 higher ended at 1.0955 as the 1 hour chart below shows. Pullback in wave 4 is now in progress with internal subdivision as a zigzag Elliott Wave structure. Down from wave 3, wave (i) ended at 1.0857 and rally in wave (ii) ended at 1.0917. Pair then extended the decline in wave (iii) towards 1.081 and wave (iv) correction ended at 1.086. Final wave (v) ended at 1.079 which completed wave ((a)) of the zigzag structure in higher degree. Rally in wave ((b)) then ended at 1.0858. Wave ((c)) lower is now in progress as a 5 waves. Down from wave ((b)), wave (i) ended at 1.077 and wave (ii) ended at 1.083. E
Elliott Wave View: EURUSD Correcting in Zigzag Structure

Elliott Wave View: CADJPY Looking to Rally in 7 Swing WXY Structure

Short Term Elliott Wave view in CADJPY suggests pair ended cycle from 11.20.2024 high in wave (W) at 101.35 as the 1 hour chart below shows. Pair is looking to correct cycle from 11.20.2024 high within wave (X). Internal subdivision of wave (X) is unfolding as a double three Elliott Wave structure. Up from wave (W), wave ((a)) ended at 103.64 and pullback in wave ((b)) ended at 102.02. Wave ((c)) higher ended at 105.029 which completed wave W in higher degree. Down from there, wave ((a)) ended at 104.16 and wave ((b)) rally ended at 104.92. Wave ((c)) lower ended at 103.13 which completed wave X in higher degree. The pair resumes higher in wave Y with subdivision as a double three structure. Up from wave X, wave ((w)) ended at 105.49. Pullback in wave ((x)) is in progress to correct cycle
Elliott Wave View: CADJPY Looking to Rally in 7 Swing WXY Structure

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