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West Pharmaceutical Services WST Bullish Daily Cycle
December 26, 2023 By EWFAyoub
West Pharmaceutical Services, Inc. (NYSE:WST) is a designer and manufacturer of injectable pharmaceutical packaging and delivery systems. The Elliott Wave structure based on the 2023 daily cycle will be explored in this article.
Since the 55% decline from its 2021 peak, WST found a major low in October 2022 before reversing to the upside. Since then, the stock has seen a 100% rally unfold within a clear impulsive 5-wave advance. This initial move, labeled as wave I, established the new bullish daily trend for the stock and will support the price to stay above $206.
Following a corrective decline from its August 2023 peak within a 3-wave Zigzag structure, the stock reached the equal legs area of $333 – $314, where wave II can be called completed. It could have started the next leg to the upside. To confirm this path, WST needs to establish a new 5-wave advance from its October 2023 low, and short-term pullbacks need to remain corrective above $310.4. As long as these conditions are met, the stock will be looking to rally above its $415 peak and create a new bullish sequence, which will allow more upside within the daily cycle next year.
WST Daily Chart 12.26.2023 ( Zigzag Correction )


Alternatively, if the rally from the October low remains corrective within 3 swings and fails to break above $415, then WST could be facing a another type of correction within wave II. The stock could see another 3-swing lower part of a larger Double Three structure (WXY) and would need more time to finish the move to the downside in wave II before the next leg higher takes place
WST Daily Chart 12.26.2023 ( Double Three Correction )


In conclusion, WST’s daily cycle is expected to remain supported for a new rally to take place above $415 next year. However, the mid-term path could vary depending on the short-term structure taking place, as the risk of another correction lower remains present as long as the stock stays below its August 2023 peak.
Source:https://elliottwave-forecast.com/sto...-services-wst/

SPDR Consumer Staples ETF ($XLP) Reacting Higher from Extreme Area.
December 26, 2023 By EWFTaha
Hello everyone. In today’s article, we will look at the past performance of the 4H Hour Elliott Wave chart of SPDR Consumer Staples ETF ($XLP). The rally from 10.06.2023 low at $65.16 unfolded as 5 waves. So, we expected the pullback to unfold in 3 swings and find buyers again. We will explain the structure & forecast below:
$XLP 4H Elliott Wave Chart 12.20.2023:
Here is the 4H Elliott Wave count from 12.20.2023. We expected the pullback to find buyers at red 4 in a 3 swing structure (ABC) at 69.97 – 68.90.
$XLP 4H Elliott Wave Chart 12.24.2023:
Here is the latest 4H update showing the bounce taking place as expected. The ETF reacted higher after reaching the extreme area allowing longs to get a risk free position. We expect the ETF to continue higher towards $73.19 – 74.15 before a pullback can happen.
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Source:https://elliottwave-forecast.com/sto...-extreme-area/

S&P 500 ETF (SPY) Looking to End Impulsive Rally


Short Term Elliott Wave View in S&P 500 ETF (SPY) shows the rally from October 28 low is in progress as a 5 waves impulse Elliott Wave structure. Up from October 28 low, wave (1) ended at 459.9 and pullback in wave (2) ended at 454.34. The ETF then rallied higher again in wave (3) towards 475.89 and dips in wave (4) ended at 467.36. Wave (5) is in progress as another 5 waves in lesser degree. The 30 minutes chart below shows the move higher to end wave (3).

Up from wave 94), wave ((i)) ended at 472.64 and pullback in wave ((ii)) ended at 468.84. The ETF extended higher again in wave ((iii)) towards 475.38 and dips in wave ((iv)) ended at 471.70. Expect the ETF to end wave ((v)) soon and this should complete wave 1 of (5) in higher degree. It should then pullback in wave 2 to correct cycle from 12.21.2023 low before the rally resumes. Near term, while above 467.36, and more importantly above 456.99, expect dips to find support in 3, 7, or 11 swing and the ETF to extend higher.

S&P 500 ETF (SPY) 30 Minutes Elliott Wave Chart

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SPY Elliott Wave Video


Source: https://elliottwave-forecast.com/new...pulsive-rally/
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America Airlines (AAL) Buyers at the Blue Box

Short Term Elliott Wave View in America Airlines (AAL) suggests rally from 10.31.2023 low is in progress as a 5 waves impulse structure. Up from 10.31.2023 low, wave 1 ended at 12.77 and pullback in wave 2 ended at 11.95. The stock then resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 12.56 and dips in wave ((ii)) ended at 12.08. The stock resumed higher in wave ((iii)) towards 14.18 and pullback in wave ((iv)) ended at 13.64. Wave ((v)) higher ended at 14.75 which completed wave 3.

Pullback in wave 4 is currently in progress as a double three Elliott Wave structure. Down from wave 3, wave ((w)) ended at 13.95 with internal structure as another double three in lesser degree. Wave ((x)) rally ended at 14.46. Final leg wave ((y)) is currently in progress as a zigzag structure. Down from wave ((x)), wave (a) ended at 13.91. Expect rally in wave (b) to fail for another leg lower wave (c) to complete wave ((y)) of 4. Potential support area comes at 100% – 161.8% Fibonacci extension of wave ((w)). This area is shown as a blue box area on the chart at 13.16 – 13.66. From this area, expect buyers to appear and the stock to either extend higher or rally in 3 waves at least.

America Airlines (AAL) 60 Minutes Elliott Wave Chart

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AAL Elliott Wave Video

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Source: https://elliottwave-forecast.com/new...yers-blue-box/
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Ovintiv Inc (NYSE: OVV) Long Term Bullish Reversal
December 27, 2023 By EWFAyoub
Ovintiv Inc. (NYSE: OVV) is a leading North American exploration and production company. It is an oil and gas producer that explores, develops, produces, and markets natural gas, oil, and natural gas liquids. In this article, we delve into OVV’s technical structure based on Elliott Wave Theory and highlight its potential for further growth.
Since It’s all time high back in 2008, the stock spent 12 years in decline within a downtrend and lost 99% of it’s value. However, 2020 marked an important turn for the stock as we’ll see in the following chart :
OVV Monthly Elliott Wave Chart 12.27.2023


The decline from the 2008 peak of $276 evolved as a 3-wave Zigzag structure. Both waves (a) and (c) unfolded as 5-wave structures, while wave (b) was in 3 waves. The downmove of wave ((II)) is considered to be the entire correction of the Grand Supercycle, and it ended in March 2020 at $2.1. Up from there, the stock saw it initial first 5 waves advance of the new cycle which marked wave (I) at $63.3 and it was followed by wave (II) correction at $32.07.
As long as price stays above that recent May 2023 low then we can expect OVV to resume it’s monthly move to the upside and it will be important to see a break above June 2022 peak to create a bullish sequence within a higher high and a higher low structure.
In conclusion, the long term technical picture for OVV is turning bullish and investors should be on the lookout for the next investment opportunity within daily cycles.

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Eurostoxx Reacting Higher From The Blue Box Area
December 27, 2023 By Hassan Sheikh
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the Eurostoxx index. We presented to members at the elliottwave-forecast. In which, the rally from the 23 October 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 index & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:
Eurostoxx 1 Hour Elliott Wave Chart From 12.19.2023


Here’s the 1-hour Elliott wave chart from the 12/19/2023 Asia update. In which, the cycle from the 10/27/2023 low ended in wave 3 as an impulse structure at 4593.11 high. Down from there, the index 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 4515.92 low. While wave ((x)) bounce ended at 4579.90 high. Then wave ((y)) managed to reach the blue box area at 4502.18- 4454.12. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.
Eurostoxx Latest 1-hour Elliott Wave Chart From 12.27.2023


This is the latest 1-hour Elliott wave Chart from the 12/27/2023 London update. In which the index shows 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 the 4593.11 high is still needed to confirm the next extension higher & avoid a double correction lower.
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Boeing (BA) Pullback Structure Looks Corrective


Short Term Elliott Wave View in Boeing (BA) suggests rally from 10.27.2023 low is in progress as a 5 waves impulse. Up from 10.27.2023 low, wave 1 ended at 197.14 and pullback in wave 2 ended at 189.57. The stock then resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 211.09 and pullback in wave ((ii)) ended at 204.81. Boeing then extended higher in wave ((iii)) towards 239.23 and dips in wave ((iv)) ended at 230. Final leg wave ((v)) higher ended at 267.54 which completed wave 3. The 30 minutes chart below shows the rally from wave ((iv)).

Wave 4 pullback is proposed complete at 257.68. Internal subdivision of wave 4 unfolded as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 260.19 and wave (b) ended at 262.84. Wave (c) of ((w)) ended at 259.12. Rally in wave ((x)) ended at 264.66. Wave ((y)) lower ended at 257.68 which completed wave 4. Internal subdivision of wave ((y)) unfolded as a zigzag structure. Down from wave ((x)), wave (a) ended at 260.42 and wave (b) ended at 262.51. Wave (c) lower ended at 257.68 which completed wave ((y)) of 4. Near term, as far as pivot at 230.01 low stays intact, expect dips to find support in 3 ,7, or 11 swing for further upside.

Boeing (BA) 30 Minutes Elliott Wave Chart

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BA Elliott Wave Video

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Source: https://elliottwave-forecast.com/new...ks-corrective/
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Palantir (PLTR) Rally Is Not Ready To Show Up Again
January 2, 2024 By EWFLuis
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) Daily Chart Alternative September 2023


Let’s remember Palantir alternative chart, where wave (II) end at 5.97 low and the market started an impulse structure as wave ((1)). The wave (1) finished at $10.31 high. The pullback as wave (2) ended at $7.17 and rallied in 5 swings completing an impulse and wave (3) at $17.17. Then, market made a little stop for a retracement and built a flat Elliott wave structure as wave (4) ended at $13.55 in June. At this point, PLTR made a last push higher as an impulse completing wave (5) at $20.27 and also ending the whole impulse from December 2022 low as wave ((1)). (If you want to learn more about Elliott Wave Theory, follow these links: Elliott Wave Education and Elliott Wave Theory).
PALANTIR (PLTR) Daily Chart Alternative January 2024


Down from $20.27 high, wave ((2)) correction began. The wave (A) ended at $13.68 low and we expected a bounce at least in 3 swings to complete wave (B) below $20.27 high. Hovewer, the market broke above wave ((1)) high as a double correction structure. Up from wave (A), wave W made 3 swings higher ending at $18.44. Then a pullback as wave X finished at $14.48. Last 3 swings higher ended at $21.85 completing wave Y and the double correction as wave (B). Currently, as price action stays below $21.85, we expect Palantir continues lower building an impulse structure as wave (C). This drop will complete a expanding flat correction, Elliott wave structure, as wave ((2)) before starting the rally again.
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Source:https://elliottwave-forecast.com/sto...lly-not-ready/

XPO INC (XPO) Looking To End Impulsive Rally
January 2, 2024 By EWFRaj
XPO INC., (XPO) provides freight transportation services in United States, rest of North America, Europe, UK & internationally. It operates in two segments, North American LTL & European Transportation & offers services to different industries. It is based in Greenwich, CT, comes under “Industrials” sector & trades as “XPO” ticker at NYSE, which having 10.1 B$ market cap as on 29th December-2023.
XPO is trading near all-time high of $90.84, since 2002. It favors upside in impulse sequence in ((1)) of III of (III) since September-2022 low of II & soon expect to correct in ((2)).
XPO – Elliott Wave Latest Daily View:

It placed (II) at $13.30 low in weekly sequence in March-2020 low & II of (III) at $24.75 low in September-2022 low. Above there, it favors upside in ((1)) of III of (III) & remain supported in 3, 7 or 11 swings pullback. It placed (1) of ((1)) at $45.06 high in February-2023 & corrected lower in (2) at $29.02 low in April-2023. The pullback was around 0.764 Fibonacci retracement of (1) before rally resumes. It resumed higher in (3) as extended sequence, which ended at $80.42 high in October-2023. The pullback in (4) ended at $65.80 low as sharp correction, corrected below 0.236 Fibonacci retracement.
Above (4) low, it resumes higher in (5) & expect to remain sideways to higher to finish ((1)) soon before correcting in ((2)). It placed 1 of (5) at $90.78 high, 2 at $78.72 low & 3 at $90.84 high. It appears correcting lower in 4 of (5), which remain choppy before upside resumes in 5 to finish (5) in diagonal sequence as ((1)) as long as the high comes with momentum divergence, unless extending (5). Later, it expects to pullback in ((2)) correction in 3, 7 or 11 swings against II low before rally resumes in ((3)) of III.
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Source:https://elliottwave-forecast.com/sto...pulsive-rally/

$MRNA: Moderna Entering Weekly Bluebox Support Area
December 17, 2023 By EWF Helgi
Moderna, Inc. is an US American pharmaceutical and biotechnology company. Founded in 2010 and headquartered in Cambridge, Massachusetts, USA, it is a part of NASDAQ100 and S&P500 indices. Investors can trade it under the ticker $MRNA at NASDAQ. The company’s only commercial product is the COVID-19 vaccin. Moreover, it has a portfolio of vaccine candidates for such disease areas like influenza, cancer, HIV, Eppstein-Barr virus, Nipah virus, chikungunya, respiratory syncytial virus and others. Will this broad engagement promote the stock price into a new rally? In the initial article from April 2020, we have called for more upside in Moderna. We were right. Then, in article from February 2022, we saw pullback taking place and have provided with next buying opportunity. Now, Moderna stock has reached weekly bluebox area. In the current blog, we discuss the wave structure, buying area and the targets.
Moderna Weekly Elliott Wave Analysis 12.17.2023
The weekly chart below shows the Moderna stock $MRNA traded at Nasdaq. From the all-time lows, the stock price is showing Elliott wave motive wave pattern. The main cycle up in blue wave (I) of super cycle degree has ended by printing the all-time high in August 2021 at 497.49. Clearly, one can see an impulse with an extended wave III. After 5 waves higher in wave (I), the correction lower in 7 swings of wave (II) lower is still in progress.
Firstly, 3 swings of red wave w have printed a low in November 2021 at 210.96. Secondly, bounce in red wave x has set a connector in the end of same month at 376.65 highs. Thirdly, price has broken 210.96 lows opening up a bearish sequence. Now, 3 swings of red wave y are entering 89.20-0.00 support area. There, wave (II) should end and next bull run in blue wave (III) should take place.
Investors and traders can be looking to buy wave (II) from 89.20-0.00 area. The target for wave (III) will be $497.49 and even higher.


Moderna Daily Elliott Wave Analysis 12.17.2023
The daily chart below shows in more detail the 7th swing of the double three correction in blue wave (II). From December 2022 highs at 217.25, the final swing lower is unfolding as an impulse in black wave ((C)) being 5-3-5-3-5 structure. Within it, blue wave (3) is showing an extension beyond 2.618x of the wave (1). From November 2023 lows, bounce in wave (4) might have ended in December 2023. While below $94.93, blue wave (5) can still extend lower to complete the structure in wave ((C)). Once finished, expect next bullish cycle in black wave ((1)) of red wave I of blue wave ((III)) to start.


Moderna Video Elliott Wave Analysis 12.17.2023
Let us discuss in a video the wave structure, the sequences, short-term setups and long-term investment opportunities in the stock price action of the Moderna stock ($MRNA).
https://elliottwave-forecast.com/wp-...172023.mp4?_=1
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Cryptocurrencies: Trading Opportunities Through USD Incomplete Sequence
December 19, 2023 By Daud Bhatti
In this video blog, we take a look at trading opportunities in Cryptocurrencies such as Bitcoin (BTCUSD) and Ethereum (ETHUSD) through the incomplete bearish sequence in USDPLN. USDPLN has an incomplete bearish sequence from the September 2022 peak against the October 2022 high. Pair has already broken below July 14, 2023 low which creates the bearish sequence and supports the idea that bounces should now fail in 3, 7, or 11 swings for extension lower. We use this bearish sequence to spot trading opportunities in instruments like BTCUSD and ETHUSD.
[Video]: Cryptocurrencies Trading Opportunities
https://elliottwave-forecast.com/wp-content/uploads/2023/12/USDPLN-and-Cryptos.mp4?_=1
Source:https://elliottwave-forecast.com/video-blog/cryptocurrencies-trading-opportunities-usd-incomplete-sequence/

Dow Futures (YM) Looking to Extend Higher to Complete Impulsive Structure


Short Term Elliott Wave View in Dow Futures (YM) suggests that rally from 10.27.2023 low is in progress as a 5 waves impulse structure. Up from 10.27.2023, wave 1 ended at 34315 and pullback in wave 2 ended at 33913. The Index then rallied higher in wave 3 towards 38012 and pullback in wave 4 ended at 37390 as the 30 minutes chart below shows. Wave 5 higher is currently in progress as another 5 waves structure.

Up from wave 4, wave (i) ended at 37878 and dips in wave (ii) ended at 37604. Wave (iii) higher ended at 38026, and pullback in wave (iv) ended at 37876. Final leg wave (v) ended at 38089 which complete wave ((i)). Pullback in wave ((ii)) ended at 37758 with internal subdivision as an expanded flat. Down from wave ((i)), wave (a) ended at 37841, wave (b) ended at 38113, and wave (c) lower ended at 37758 which completed wave ((ii)). The Index has resumed higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 38070, and pullback in wave (ii) ended at 37857. Near term, as far as pivot at 37390 low stays intact, expect the Index to extend higher.

Dow Futures (YM) 30 Minutes Elliott Wave Chart

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YM_F Elliott Wave Video

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Source: https://elliottwave-forecast.com/new...ive-structure/

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EURNZD Selling The Rallies At The Blue Box Area
January 2, 2024 By EWF Vlada
Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of EURNZD published in members area of the website. As our members know, the pair is showing incomplete bearish sequences in the cycle from the August 21st peak that are calling for more downside. The pair is targeting 1.7329 area ideally. Our team recommended members to avoid buying , while keep favoring the short side in the pair. Recently we got correction that reached our selling zone. The pair found sellers and made reaction from the blue box as expected. In the further text we are going to explain the Elliott Wave Forecast and trading strategy.
EURNZD Elliott Wave 1 Hour Chart 12.28.2023
The pair is giving us wave ((ii)) recovery which is correcting the cycle from the 1.774 peak. The price has reached extreme zone at 1.7579-1.7693 ( Blue Box – sellers zone). We don’t recommend buying the pair and prefer the short side from the blue box- equal legs zone. As the main trend is bearish, we expect to see at least 3 waves pull back from our selling zone. Once decline reaches 50 Fibs against the (b) blue low , we will make short position risk free ( put SL at BE) and take partial profits. Invalidation for the short trades is break of 1.618 fib ext : 1.7693
Quick reminder:
Our charts are easy to trade and understand:
Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable.
You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page.


EURNZD Elliott Wave 1 Hour Chart 12.31.2023
The pair found sellers right at the Blue Box area : 1.7579-1.7693. Recovery completed at the 175.88 high and we are getting good reaction from the selling zone. Decline reached and exceeded 50 fibs against the connector’s low. So members who took the short trade are enjoying profits now in a risk free positions. While below 175.88 high, next leg down can be in progress toward new lows.
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. We put them in Sequence Report and best among them are shown in the Live Trading Room



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Apple Inc. ($AAPL) Found Buyers at the Blue Box Area as Expected.
January 2, 2024 By EWFTaha
Hello everyone. In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of Apple Inc ($AAPL). The rally from 12.11.2023 low at $191.42 unfolded as 5 waves. So, we expected the pullback to unfold in 3 swings and find buyers at 195.31 – 193.16. We will explain the structure & forecast below:
$AAPL 1H Elliott Wave Chart 12.17.2023:
Here is the 1H Elliott Wave count from 12.17.2023. We expected the pullback to find buyers from the blue box area at red 4 in a 3 swing structure (ABC) at 195.31 – 193.16.
$AAPL 1H Elliott Wave Chart 12.20.2023:
Here is the 1H update few days later, showing the bounce taking place as expected. The stock reacted higher after reaching the blue box area allowing longs to get a risk free position.

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Source:https://elliottwave-forecast.com/sto...blue-box-area/

Gold (XAUUSD) Might See Larger Degree Correction

GOLD (XAUUSD) shows a bullish sequence from September 2022 low favoring further upside. The rally higher from 09.28.2022 is unfolding as Elliott Wave leading diagonal. Up from 09.28.2022 low, wave ((1)) ended at 2081.82 and pullback in wave ((2)) ended at 1810.58 low. Wave ((3)) finished at 2147.53 high as the 1 hour chart below shows. Pullback as wave ((4)) is currently in progress with internal subdivision of (A), (B) and (C).

Down from ((3)), wave (A) built an impulse structure. Wave 1 ended 2009.78 low and bounce in three swings completed wave 2 at 2039.93. Wave 3 ended at 1975.50, wave 4 ended at 1996.73, and final wave 5 lower ended at 1972.60. This completed wave (A) in higher degree. Wave (B) pullback developed an internal subdivision as a zig zag. Up from wave (A), wave A ended at 2047.91, wave B ended at 2015.30, and wave C ended at 2088.48. This completed wave (B) and gold turned lower. Expect the metal to continue to the downside in wave (C) to break 1972.60 low to confirm the view of the wave ((4)) correction. As far as pivot at 2147 high stays intact, expect rally to fail for further downside.

Gold (XAUUSD) 90 Minutes Elliott Wave Chart

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Gold (XAUUSD) Elliott Wave Video

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Source: https://elliottwave-forecast.com/news/gold/
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Nasdaq 100 (NQ_F) Looking to do Correction Within Bullish Trend

Nasdaq 100 (NQ_F )shows a bullish sequence from October 2022 low favoring further upside. The rally higher from 10.13.2022 is unfolding as Elliott Wave leading diagonal. Up from 10.13.2022 low, wave ((1)) ended at 16062.75 and pullback in wave ((2)) ended at 14140.25 low. Wave ((3)) finished at 17165.94 high as the 1 hour chart below shows. Pullback as wave ((4)) is currently in progress with internal subdivision of a zigzag (A), (B) and (C).

Down from ((3)), wave (A) is developing an impulse structure. Wave 1 ended 17077.75 low and bounced slightly completing wave 2 at 17131.00. Wave ((i)) of 3 in lesser degree ended at 16938.25 low and pullback as wave ((ii)) ended at 17049.75 high. Then, the Index dropped strongly to 16522.00 to complete wave ((iii)). Wave ((iv)) bounce ended 16587.25 and last leg lower ended at 16443.25 as wave ((v)). This completed wave 3 in higher degree.

Wave 4 correction finished at 16583.75 and the Index resumed to the downside. Expect NQ_F to continue to the downside in wave 5 to end complete wave (A) in higher degree. Wave 5 of (A) could drop to 16410 – 16357 area (1.236 – 1.618 inverse Fib retracement). After which, we should see a reaction higher in wave (B) before it resumes lower again. Near term, as far as pivot at 17165.94 high stays intact, the Index has scope to extend correction lower.

NQ_F 60 Minutes Elliott Wave Chart

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NQ_F Elliott Wave Video

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Source: https://elliottwave-forecast.com/new...bullish-trend/
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$FSR : Weekly Buying Opportunity in EV Stock Fisker
January 2, 2024 By EWF Helgi
Fisker Inc. is an US American automotive company. It is producing electric sport utility vehicles (SUVs) like Fisker Ocean, Pear, Ronin and Alaska. Founded 2016, headquartered in Los Angeles, California, US, it is a component of the Russel3000 index. Investors and traders can trade it under the ticker $FSR at NYSE,
Fisker Weekly Elliott Wave Analysis 01.02.2024
The weekly chart below shows the Fisker shares $FSR traded at New York Stock Exchange. From the all-time lows, the stock price has developed a cycle higher in wave (I). It has printed the all-time highs in March 2021 at 31.96. From the 2020 highs, a correction lower in wave (II) is unfolding as an Elliott wave double three correction pattern being a 3-3-3 structure.
Firstly, 3 waves of red wave w have ended in May 2021 at 9.61 lows. Secondly, a bounce in 3 swings as red wave x has set a connector in November 2021 at 23.75 highs. Currently, final swing lower in red wave y is in progress. As a matter of fact, break of 9.61 lows has opened a bearish sequence. As long as price holds below 23.75, it can reach deeper towards weekly support area. Investors and traders can be looking to buy $FSR from 1.31-0.00 area. There, blue wave (II) should find its bottom and next bullish cycle in blue wave (III) should start. The target for blue wave (III) will be 31.96 and higher in the long run.

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XLV Making Strong Reaction Higher From Extreme Area
January 3, 2024 By Hassan Sheikh
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of XLV. We presented to members at the elliottwave-forecast. In which, the rally from 27 October 2023 low unfolded as an impulse structure. And showed a higher high sequence favored more upside extension to take place. Therefore, we advised members not to sell the $XLV & buy the dips in 3, 7, or 11 swings. We will explain the structure & forecast below:
XLV 4-Hour Elliott Wave Chart From 12.20.2023


Here’s the 4-hour Elliott wave chart from the 12/20/2023 update. In which, the cycle from the 11/10/2023 low ended in wave (3) as an impulse structure at $136.77 high. Down from there, the ETF made a pullback in wave (4) to correct that cycle. The internals of that pullback unfolded as Elliott wave zigzag structure where wave A at $133.43 low. Wave B ended at $134.86 high and wave C managed to reach the equal legs area of A-B at $131.52- $129.46. From there, buyers were expected to appear looking for the next leg higher or for a 3-wave bounce minimum.
XLV Latest 4-Hour Elliott Wave Chart From 1.02.2024


Above is the Latest Elliott wave Chart from the 1/02/2024 update. In which the XLV is showing a reaction higher taking place from the equal legs area. Right after ending the zigzag correction. Allowed members to create a risk-free position shortly after taking a long position. Since then the ETF has managed to make a new high above $136.77 confirming the next extension higher.
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Cameco (CCJ) Should Continue Bullish Trend in 2024
January 3, 2024 By EWFHendra
Cameco Corporation, headquartered in Saskatoon, is a key player in uranium production. It operates major mines globally. As a significant contributor to the nuclear energy sector, the company’s success is influenced by uranium prices and regulatory dynamics. Below we provide an Elliott Wave technical update for the stock.
Cameco ($CCJ) Monthly Elliott Wave Chart


Monthly Elliott Wave Chart of Cameco shows that the stock ended all-time super cycle correction in wave (II) at 5.30. From there, the stock ahs started a new bullish cycle which should continue to see further rally in years to come, including 2024. Wave (III) is currently in progress as an impulsive structure. Up from wave (II), wave ((1)) ended at 28.49 and pullback in wave ((2)) ended at 18.03. The stock has resumed higher in wave ((3)) and nesting. As far as pivot on 3.1.2023 low at 5.3 stays intact, expect pullback to find support in 3, 7, 11 swing for further upside.
$CCJ Daily Elliott Wave Chart
Daily Elliott Wave Chart of Cameco (CCJ) shows that wave ((3)) remains in progress with internal subdivision as an impulse. Up from wave ((2)), wave (1) ended at 32.49 and wave (2) ended at 20.02. Stock then resumed higher in a nest. Up from wave (2), wave 1 ended at 31.29 and pullback in wave 2 ended at 21.02. Wave 3 higher ended at 46.95. Pullback in wave 4 is now in progress before stock resumes the rally higher. Near term, as far as pivot at 18.18 low stays intact, expect pullback to find support in 3, 7, 11 swing for further upside.
$CCJ Video

Cameco is not part of our regular service. However, we cover other stocks, ETFs, Indices, forex, and commodities. If you would like to get a regular Elliott Wave updates on these instrument, feel free to take trial here –> 14 days Trial
Source:https://elliottwave-forecast.com/sto...sh-trend-2024/

Dow Futures (YM_F) Elliott Wave Forecasting The Path
January 8, 2024 By EWF Vlada
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Dow Futures ($YM_F ) published in members area of the website. As our members know YM_F we see cycle from the 32406 low completed at the 38115 peak. While below that level, we could be getting a deeper correction. Recently, the futures reached the intraday equal legs from the 38115 peak and made 3 waves bounce as expected. In further text we’re going to explain the Elliott Wave pattern and forecast.
Dow YM_F Elliott Wave h1 Chart 01.05.2023
Cycle from the 38115 peak looks incomplete at the moment. The futures shows lower low sequences, suggesting more short term weakness toward 37534-37427 area. At the marked zone we can be ending first leg W red as potential Double Three pattern. From that zone we expect to see 3 waves bounce before more weakness is seen in Y red leg.
You can learn more about Elliott Wave Double Three Patterns at our Free Elliott Wave Educational Web Page.


Dow YM_F Elliott Wave h1 Chart 01.08.2023
Dow Futures made decline and the price reached extreme zone from the peak at 37534-37427 . We got nice bounce against the 38115 peak, after which the price turned lower again and made break toward new lows as expected. At the moment the price structure from the 38115 peak is incomplete again, suggesting more weakness ideally in near term. Next tech zone to the downside comes at 37287 area.
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.


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