The S&P 500 ($SPX) has shown significant correction since its peak on February 17, 2025, before a tariff announcement. We propose that the corrective phase, labeled as wave (II), concluded at 4823. However, for the index to confirm the end of this correction and rule out a potential double correction, it must surpass the prior wave (I) high of 6147.43. Since the wave (II) low, the SPX has embarked on an upward trajectory, characterized as a nesting impulse—a pattern where waves build momentum in a structured, upward climb. From the wave (II) low, the rally began with wave 1 peaking at 5246.57, followed by a pullback in wave 2 to 4910.42. The index then surged in wave 3, which is unfolding in a five-wave impulse pattern on a smaller degree. Within wave 3, the first sub-wave ((i)) reache

Lam Research (LRCX) remains bullish despite a corrective wave IV. Elliott Wave analysis suggests further upside potential as wave V approaches. Lam Research Corporation (LRCX) shows a strong long-term bullish trend based on Elliott Wave analysis. The multi-decade chart highlights a clear impulsive structure that began in the early 2000s. After finishing a large corrective move, labeled as cycle wave II, the stock began a steady and powerful rally. Wave III topped with a well-defined five-wave pattern from the 2009 low. The chart shows strong momentum and clean internal subdivisions, supporting the view of an extended bullish phase. Now, Lam Research is undergoing a correction in wave IV, which appears to form a double zigzag. The corrective sequence is labeled as ((W))-((X))-((Y)). The key

The current market cycle for Light Crude Oil (CL), starting from its high on January 15, 2025, is unfolding as a double three Elliott Wave pattern. This technical structure suggests a corrective phase with alternating declines and recoveries. From the peak, the price dropped to 55.12, completing wave (W), followed by a rally to 65.07, marking the end of wave (X). The decline has since resumed in wave (Y), which is breaking down into a WXY pattern, indicating further downside momentum. Within wave (Y), the initial decline, wave W, is forming as a zigzag. From the wave (X) high, the price fell to 61.53 (wave (i)), then rallied to 63.92 (wave (ii)). The decline continued in wave (iii) to 56.39, followed by a bounce to 59.87 in wave (iv). The final drop in wave (v) reached 55.30, completing wa

Constellation Energy resumes its uptrend after completing wave IV. Bullish Elliott Wave structure points toward a strong wave V rally. Constellation Energy Corporation (CEG) has completed a textbook Elliott Wave correction and appears to have resumed its bullish trend. The stock experienced a powerful advance from mid-2022, which unfolded in five clear waves, completing a higher-degree wave III around early 2024. Following that rally, CEG entered a corrective phase. The decline unfolded in a classic three-wave structure labeled as ((A))-((B))-((C)). This correction likely ended wave IV, completing around $161.33. The internal subdivision of wave ((C)) shows a clear five-wave move down, supporting the idea that the correction is done. Since then, the price has bounced sharply, indicati

The USD/JPY currency pair is showing a bearish trend that began on July 3, 2024, and is expected to continue declining toward the 136.50 level. In the short term, the price movement since the March 28, 2025 high is forming a zigzag pattern, according to Elliott Wave analysis. From the March 28, 2025 high, the decline in wave (A) reached 139.89. This was followed by a corrective wave (B), which also unfolded as a zigzag. Within wave (B), the price rose to 144.03 (wave A), then dipped to 141.95 (wave B). Afterwards, it climbed to 145.90 (wave C), completing wave (B). The pair has since turned lower, starting wave (C). Wave (C) is currently developing as an impulse pattern in Elliott Wave terms. From the May 2, 2025 high, the price dropped to 143.72 (wave (i)), then rallied to 145.08 (wave (i

Hello traders and welcome to a new blog post where we discuss recent trades from the blue box. Elliottwave-forecast members took a short trade on USDSGD currency pair as one of the first trades in May 2025. Let’s look at what the setup looks like for educational purposes. Since January 2025, the dollar has faced a significant sell-off after completing the bullish cycle from July 2023. Meanwhile, this sell-off was part of the continuation of the larger bearish cycle from September 2022. At the mature stage of the impulse sequence from January, we recommended selling dollar bounces to our members. In a clear bearish sequence, we favor selling bounces. Meanwhile, the USDSGD pair was one of the dollar pairs exhibiting a 3/7 swing bounce. Therefore, we aimed to sell the dollar against the Singa

Carvana Co (NYSE: CVNA) has rebounded impressively over the past 2 years after a 98% decline between 2021 and 2022. The stock recovered most of its losses, forming a strong impulsive structure that signals further upside potential. With a continuation pattern in place, CVNA appears poised to challenge new all-time highs. This article delves into Elliott Wave analysis, uncovering bullish formations that could appeal to both investors and traders. CVNA Weekly Chart Elliott Wave Analysis The weekly chart of CVNA illustrates an impulsive 5-wave move from the wave ((II)) low at $3.62. The stock surged 8000%, completing wave (I) at $292, followed by a 3-wave corrective pullback in wave ((II)), bottoming at $142. Subsequently, CVNA initiated its next bullish phase in wave (III), aiming to break a

The Nifty Index has staged a notable recovery after a selloff that began on September 27, 2024, from a high of 21,748.65. We label this decline as wave (II), and the index has since turned upward. However, to confirm that the correction is over and avoid a potential double correction, the index must break above its previous peak of 26,277.35. The rally from the wave (II) low is expected to unfold as a five-wave impulse structure, a pattern commonly analyzed in Elliott Wave theory. Starting from the wave (II) low, the first wave (wave 1) peaked at 22,697.2, followed by a pullback in wave 2 that bottomed at 22,353.25. The index then surged in wave 3, which itself subdivided into a smaller impulsive structure. Within wave 3, the first sub-wave ((i)) reached 23,372.75, followed by a dip in wav

Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of   GOLD ($XAUUSD ) published in members area of the website. As our members know, XAUUSD is forming a correction against the 2954.2 low. In the following text, we’ll explain the Elliott Wave analysis and outline the target areas. XAUUSD Elliott Wave 1  Hour  Chart 04.30.2025 The price structure shows incomplete sequences from the April 22nd peak. The price broke below the 3260 level, confirming a potential extension to the downside. As long as the price remains below the 3352.9 peak, we consider the intraday wave ((ii)) bounce completed and anticipate further decline in the near term. New to Elliott Wave? You can learn more about Elliott Wave Patterns at our Free Elliot

Adani Enterprises Elliott Wave Analysis: Wave IV Pullback Could Offer a Major Buying Opportunity Adani Enterprises is undergoing a deep correction. Our Elliott Wave analysis suggests this is part of a higher-degree Wave IV pullback. The stock saw a strong rally in Wave III, which peaked in 2022. Since then, the price has been correcting in a three-wave structure labeled as ((A))-((B))-((C)). We believe the Wave IV correction is not yet complete. Based on our analysis, we expect the stock to move lower within the ideal blue box area. This area lies between ₹894 and ₹369. The blue box marks a high-probability buying zone, where buyers may re-enter the market. The lower boundary of this box represents the 1.618 Fibonacci extension of wave ((A)). So far, the correction appears impulsive. The i

Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of  Dow Futures (YM_F)  published in members area of the website.  As our members know, YM_F is trading within the cycle from the 36635 low.  Recently, we forecasted the end of the short-term pull back  and called for a further rally. In the following text, we’ll explain the Elliott Wave analysis and present target areas. YM_F Elliott Wave 1  Hour  Chart 04.21.2025 Dow Jones Futures is forming a three-wave pullback which still looks incomplete at the moment.  Our members know that we can easily identify the reversal area by measuring the Equal Legs zone, ((a)) related ((b)), which comes in at the 38531-37940 area. We expect buyers to appear within the

In this technical blog, we will look at the past performance of the Elliott Wave Charts of the Facebook ticker symbol: META. We presented to members at the elliottwave-forecast. In which, the rally from the October 2022 low ended as an impulse structure. But higher time frame charts supported more upside extension to take place as the main trend remains bullish to the upside. 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: META Daily Elliott Wave Chart From 4.06.2025 Here’s the Daily Elliott wave chart from the 4.06.2025 Weekend update. In which,

Hello everyone! In today’s article, we’ll examine the recent performance of NVIDIA Corp. ($NVDA) through the lens of Elliott Wave Theory. We’ll review how the decline from the January 07, 2025, high unfolded as a 7-swing correction (WXY) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. 7 Swing WXY correction   $NVDA Daily Elliott Wave Chart 4.06.2025: In the Daily Elliott Wave count from April 06, 2025, we saw that $NVDA completed a 5-wave impulsive cycle at blue ((I)). As expected, this initial wave prompted a pull

Nike (NKE) shows a bearish trend that began at its peak on November 8, 2021, indicating potential for further declines. On a shorter cycle, the stock’s drop from its October 1, 2024 high is developing as an impulsive Elliott Wave structure, characterized by sharp downward moves. From that high, wave (1) concluded at $68.62, followed by a wave (2) recovery that peaked at $82.44. The stock then continued its descent in wave (3), reaching $50.87, as illustrated in the 45-minute chart below. Currently, Nike is in a corrective phase, forming wave (4) as a double three Elliott Wave pattern. From the wave (3) low, wave ((a)) rose to $59.22, followed by a wave ((b)) dip to $51.90. The subsequent wave ((c)) advance ended at $59.76, completing wave W. A pullback in wave X bottomed at $52.28, and the

The $IBEX, Spain’s stock market index, may soon surpass its peak from March 25, 2025, before a tariff war triggered a selloff. That peak marked the end of wave I in Elliott Wave analysis. The subsequent decline, wave II, formed a zigzag pattern, as shown on the 1-hour chart. From the March 25 high, wave ((A)) dropped to 13,051.8, wave ((B)) rebounded to 13,347.3, and wave ((C)) fell to 11,570.06, completing wave II. Since then, the $IBEX has recovered strongly, with the rally from wave II following an impulsive Elliott Wave pattern. Starting from wave II, wave 1 peaked at 12,318.8, and wave 2 dipped to 11,615.2. The index then climbed in wave 3, with sub-waves ((i)) at 12,810.8, ((ii)) at 12,158.5, ((iii)) at 13,241.2, and ((iv)) at 13,110.4. The index is expected to soon complete wave ((v