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Domino’s Pizza (DPZ) Should Reach The Blue Box In this Quarter
February 5, 2024 By EWFLuis
Domino’s is an American multinational pizza restaurant chain. Founded in 1960, the chain is owned by master franchisor Domino’s Pizza, Inc (DPZ). As of 2018, Domino’s had approximately 15,000 stores, with 5,649 in the United States, 1,500 in India, and 1,249 in the United Kingdom. Domino’s has stores in over 83 countries and 5,701 cities worldwide.
DPZ Daily Chart October 2023
In December 2021, DPZ ended a Grand Super Cycle at 567.57 peak and we called wave ((I)). Currently, DPZ is developing wave ((II)) correction. We can labeled the first part of the pullback as 3 swings lower. Down from 567.57 peak, price action made 3 waves lower as wave “a” ended at 321.15 low. Then 3 swings higher completed wave “b” at 426.44 high. Last wave “c” built an ending diagonal. Wave ((1)) ended at 291.00 and bounce as wave ((2)) was rejected at 395.00. Market continued lower and wave ((3)) ended at 285.84 and another bounce end wave ((4)) at 353.95. Last push lower completed at 285.72 as wave ((5)) of wave “c”. These 3 waves we are calling as part as double correction and ended wave (w).
From 285.72 low a new cycle began. We can see 3 swings rally that we labeled as wave “w”ending at 409.95 high. Then, it formed a double correction structure lower as wave “x” ending at 330.05 low. As price action stays above 285.72, we are expecting more upside at least in 3 swings to complete wave “y” of (x). Market should reach 454.98 – 532.31 blue box area where it should be a good place to see for selling opportunities to develop wave (y) of ((II)) lower. (If you want to learn more about Elliott Wave Theory, please follow these links: Elliott Wave Education and Elliott Wave Theory).
DPZ Daily Chart February 2024


Actually, DPZ rallied as expected in wave “y”. The movement looks like a “dead cat bounce” and it has developed an impulse structure. Then wave ((A)) could need one more high above 439.16 to end the cycle and start wave ((B)) correction or could be complete already. The thing is that we have to see a pullback as wave ((B)) before reaching the blue box area and complete wave (x) correction. If market reaches the blue box before a pullback, the structure wouldn’t be clear to know if we will see the wave ((B)) pullback or not.
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www.elliottwave-forecast.com updates one-hour charts 4 times a day and 4-hour charts once a day for all our 78 instruments. We do a daily live session where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market.
Source:https://elliottwave-forecast.com/sto...e-box-quarter/

Crowdstrike Holdings (NASDAQ: CRWD) Surging Into New All Time Highs
February 5, 2024 By EWFAyoub
Crowdstrike Holdings (NASDAQ: CRWD) is a global cybersecurity leader based in Austin, Texas. It has an advanced cloud-native platform for protecting endpoints, cloud workloads, identities and data. In this article, we will be delve into the Elliott Wave structure based on the weekly cycle.
Last month, CRWD surged into new all time highs after breaking above 2021 peak and continued within the impressive +220% rally since January 2023 low. The stock is showing 3 waves advance from all time lows therefore it suggests the Super cycle is still in the early stage trading within wave I of (III).
The impulsive rally in wave I has the scoop to reach the weekly equal legs area at $358 – $421. Down from there, it could face 3 waves pullback in wave II which ideally will present the next investment opportunity for the stock before turning higher again within the strong wave III.
Short term Investors will continue to look for buying opportunity during corrective pullbacks in 3 , 7 or 11 swings until the 2023 ends. The cycle is expecting to end this year then it should present another entry within daily cycle for investors to take.
CRWD Weekly Chart 2.5.2024



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Source:https://elliottwave-forecast.com/sto...ew-time-highs/

Bitcoin (BTCUSD) Looking to Extend Higher


Short Term Elliott Wave view in Bitcoin (BTCUSD) suggests the rally to 49500 on January 11, 2024 ended wave (3). Pullback in wave (4) is proposed complete at 38503.8 as the 1 hour chart below shows. Up from wave (4), wave (i) ended at 40526.3 and pullback in wave (ii) ended at 39419.8. The crypto currency then extended rally higher in wave (iii) towards 42823.2 and pullback in wave (iv) ended at 41628.6. Final leg higher wave (v) ended at 43865 which completed wave ((i)) in higher degree. Bitcoin then pullback in wave ((ii)) towards 41856.4 with internal subdivision as a zigzag Elliott Wave structure.

Down from wave ((i)), wave (a) ended at 42333.2 and wave (b) ended at 43733.2. Wave (c) lower ended at 41856.4 which completed wave ((ii)). Bitcoin then turned higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 43448.4 and dips in wave (ii) ended at 4224. Near term, while Bitcoin stays above wave ((ii)) low, expect the crypto currency to extend higher. As far as pivot at 38503.8 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.

Bitcoin 60 Minutes Elliott Wave Chart

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BTCUSD Elliott Wave Video

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Source: https://elliottwave-forecast.com/new...extend-higher/
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BTCUSD Found Buyers At The Equal Legs Area
February 5, 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 BTCUSD published in members area of the website. As our members know Bitcoin has given us 3 waves pull back recently that found buyers right at the equal legs area. We have been favoring the long side due to impulsive bullish sequences the crypto is showing. In further text we’re going to explain the short term Elliott Wave forecast.
BTCUSD Elliott Wave 1 Hour Chart 01.31.2024
Current view suggests Bitcoin ended cycle from the 38518.29 low as wave 1 red. We got 5 waves up in the rally from the mentioned low. Currently the crypto is doing intraday pull back , wave 2 red. Correction looks incomplete at the moment. We expect to see another leg down ((c)) of 2 to complete the structure.
Note: Keep in mind not every chart is trading recommendation. Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.


BTCUSD Elliott Wave 1 Hour Chart 02.01.2024
Pull back made another leg down and reached equal legs area at 42224.93-41276.92. We expect buyers to appear for further rally or 3 waves bounce at least. Don’t recommend selling and prefer the long side.

BTCUSD Elliott Wave 1 Hour Chart 02.02.2024
BTCUSD found buyers at the marked equal legs area as expected and we got good reaction from there. We count pull back completed at 41873 low. Short term rally made 5 waves up from the low, and now we are getting 3 waves pull back in (ii) blue. We don’t recommend selling in any proposed pull back. The price should ideally hold above 41873 low to keep proposed view intact. We would like to see break above ((i)) black peak 43851 to confirm next leg up is in progress.
Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts with target levels 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
New to Elliott Wave ? Check out our Free Elliott Wave Educational Web Page and download our Free Elliott Wave Book.


Elliott Wave Forecast
We cover 78 instruments in total, but it’s important to keep in mind that not every chart is trading recommendation. We present Official Trading Recommendations in Live Trading Room. If not a member yet, Sign Up for Free 14 days Trial now and get access to new trading opportunities. Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy. Join us now and start learning from market experts. If you are looking for professional real-time analysis in Forex, Indices, commodities,Crypto currencies , stocks and ETFs you have come to the right place.
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Source:https://elliottwave-forecast.com/tra...rs-equal-legs/

EURCAD Selling Perfectly From The Blue Box Area
February 5, 2024 By Hassan Sheikh
In this technical blog, we are going to take a look at the past performance of EURCAD 1-Hour Elliott wave Charts that we presented to our members. In which, the decline from the 1/25/2024 peak took place as an impulsive structure and showed a lower sequence with a bearish sequence stamp with the right side tag pointing lower calling for more downside to happen. Therefore, our members knew that selling the intraday bounces in the direction of the right side tag remained the preferred path. We will explain the Elliott wave structure & selling opportunity our members took below:
EURCAD 1-Hour Elliott Wave Chart From 1.31.2024


EURCAD 1-Hour Elliott Wave Chart from 1/31/2024 London update. In which the decline to 1.4490 low ended wave ((i)) as an impulse sequence. Up from there, the pair made a bounce in wave ((ii)). The internals of that bounce unfolded as a zigzag structure where lesser degree wave (a) ended at 1.4569 high. Wave (b) pullback ended at 1.4490 low and wave (c) managed to reach the blue box area towards 1.4570- 1.4619 area. From there, sellers were expected to appear looking for further downside or a minimum 3-wave reaction lower.
EURCAD Latest 1-Hour Elliott Wave Chart From 2.04.2024


This is the latest 1-Hour view from the 2/04/2024 Weekend update. In which the pair is showing a reaction lower taking place from the blue box area allowing shorts to get into a risk-free position shortly after taking the position. But a break below the 1.4490 low remains to be seen to confirm the next extension lower towards the 1.4231- 1.4112 area & avoid double correction higher.
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Source:https://elliottwave-forecast.com/for...blue-box-area/

Invesco Nasdaq ETF ($QQQ) Found Buyers at the Blue Box Area as Expected.
February 5, 2024 By EWFTaha
Hello everyone. In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of Invesco Nasdaq ETF ($QQQ). The rally from 1.17.2024 low at $402.87 unfolded as 5 waves impulse. So, we expected the pullback to unfold in 3 swings and find buyers again. We will explain the structure & forecast below:
Zigzag (ABC) Corrective Structure


$QQQ 1H Elliott Wave Chart 1.31.2024:
Here is the 1H Elliott Wave count from 1.31.2024. We expected the pullback to find buyers at the blue box area at 421.25 – 416.56 in a 3 swing structure (ABC).
$QQQ 1H Elliott Wave Chart 2.04.2024:
Here is the 1H update few days later from 2.04.2024 showing the bounce taking place as expected. The ETF reacted higher from the blue box after doing a Zigzag correction allowing longs to get a risk free position. The ETF has made a marginal new high and is expected to remain supported towards $438 – 446 before another pullback can happen.

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Source:https://elliottwave-forecast.com/sto...area-expected/

Will COST Provide Any Short Term Trading Opportunity?
February 6, 2024 By EWFRaj
Costco Wholesale Corporation., (COST) engages in the operation of membership warehouse in the United States, Puerto Rico, Canada, United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China & Taiwan together with its subsidiaries. It offers branded & private-label products in the range of merchandise categories. It also operates e-commerce websites in the US, Canada, UK & many other countries. It is based in Issaquah, Washington, comes under Consumer Defensive sector & trades as “COST” ticker at Nasdaq.
COST react higher as expected from previous article, favoring upside in 3 of (3) of ((3)). Currently, it favors upside in ((v)) impulse to finish 3 soon before correcting in wave 4 against late October-2023 low.
COST – Elliott Wave View From 12.25.2023:

In weekly sequence, it placed ((II)) at $406.51 low & favors upside in (3) of ((3)) of I & remain supported in 3, 7 or 11 swings pullback in correction. Above ((II)) low, it placed ((1)) of I at $564.75 high & ((2)) at $447.90 low. It placed (2) of ((3)) at $465.33 low & favors upside in (3). Within (3), it ended 1 at $576.19 high as 5 swing sequence & 2 at $540.23 low as shallow correction. Above there, it favors upside in 3 of (3), in which it placed ((i)) at $599.89 high & ((ii)) at $572.24 low. It extended higher in ((iii)) of 3, ended at $681.91 high & ((iv)) at $640.51 low.
COST – Elliott Wave Latest Daily View:

Above ((iv)) low, it favors upside in ((v)) to finish 3 of (3) towards $719.7 or higher levels. Later, it expects pullback in 4 in 3, 7 or 11 swings, which remain supported at extreme areas before it resumes higher in 5. We like to buy the dips at extreme areas in correction for next rally.
COST – Elliott Wave Latest Weekly View:

Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session, where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. You can try us for 14 days for only $9.99.
Source:https://elliottwave-forecast.com/sto...g-opportunity/

Oil (CL_F) Rally May Fail for More Downside


Short Term Elliott Wave view in Oil suggests that rally from 12.13.2023 low is unfolding as a double three Elliott Wave structure. Up from 12.13.2023 low, wave ((a)) ended at 76.18 and dips in wave ((b)) ended at 72.89. Wave ((c)) higher unfolded as a 5 waves where wave (i) ended at 75.75 and wave (ii) ended at 73.41. Rally in wave (iii) ended at 77.51, and pullback in wave (iv) ended at 76.06. Wave (v) higher ended at 79.26 which completed wave ((c)) of W in higher degree.

Pullback in wave X is currently in progress with internal subdivision as a zigzag Elliott Wave structure. Down from wave W, wave (i) ended at 75.85 and rally in wave (ii) ended at 78.14. Oil then extended lower in wave (iii) towards 71.79 and wave (iv) ended at 72.98. Final leg wave (v) ended at 71.41 which completed wave ((a)). Wave ((b)) rally is in progress as a zigzag. Up from wave (a)), wave (a) ended at 73.28 and wave (b) ended at 72.38. Expect wave (c) higher to complete at 74.23 – 75.38 area and this should complete wave ((b)) in higher degree. From this area, expect sellers to appear and Oil to extend lower. Near term, as far as pivot at 79.26 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.

Oil 60 Minutes Elliott Wave Chart

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Oil (CL_F) Elliott Wave Video



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GDXJ Searching for Bottom Before Next Bullish Leg
February 6, 2024 By EWFHendra
GDXJ is an ETF tracking small-cap gold and precious metals mining companies. It has a focus on smaller, more volatile firms. Thus it offers exposure to this precious metal sectors, but investors should be cautious of increased risk. In this article, we will update the Elliott Wave outlook for the ETF.
GDXJ Monthly Elliott Wave View


Monthly chart of GDXJ above suggests that the ETF ended either wave ((II)) / ((b)) at $16.14 on January 2016. Up from there, the ETF has started a rally which can be counted either as a nest or a diagonal. Above shows a nest count where wave (I) ended at 52.50 and pullback in wave (II) ended at 19.52. The ETF then rallied higher again in a nest. Up from wave (II), wave I ended at 65.95 and pullback in wave II ended at 25.8. The ETF is expected to extend higher while holding above invalidation level of $16.14.
GDXJ Daily Elliott Wave View
Daily Elliott Wave Chart of GDXJ above shows the ETF ended wave II at 25.96. Wave III is in progress as an impulsive structure. Wave ((1)) of 3 ended at 41.16 and wave ((2)) of 3 ended at 30.46. The ETF then resumed higher and created a nest. Up from wave ((2)), wave (1) ended at 39.82 and wave (2) pullback remains in progress to correct cycle from 10.2.2023 low in 3 or 7 swing before it resumes higher. As far as pivot at 26.13 low stays intact, expect the ETF to extend higher.
GDXJ 4 Hour Elliott Wave View
4 Hour Elliott Wave view of GDXJ above shows that wave (2) of ((3)) correction remains in progress and can still extend lower to retest wave ((2)) low at 30.6 before it resumes higher. Near term, while it stays above 30.6, expect the ETF to extend higher.
GDXJ Elliott Wave Video

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Source:https://elliottwave-forecast.com/vid...t-bullish-leg/

Silver (XAGUSD) Looking to Extend Lower in Sideways Price Action


Short Term Elliott Wave view in Silver (XAGUSD) suggests that the metal has traded sideways since the low in August 2022. The short term 1 hour chart below shows the move down from 12.4.2023 high which takes the form of a double three Elliott Wave structure. Down from 12.4.2023 high, wave W ended at 22.49 and rally in wave X ended at 24.6. Wave Y lower is in progress as a zigzag structure. Down from wave X, wave ((a)) ended at 21.91 as the 1 hour chart below shows. Up from there, wave (a) ended at 23.02 and pullback in wave (b) ended at 22.68. Wave (c) lower ended at 23.31 which completed wave ((b)) corrective rally.

Wave ((c)) lower is in progress as a 5 waves impulse Elliott Wave structure. Down from wave ((b)), wave (i) ended at 22.22 and rally in wave (ii) ended at 22.48. The metal then extended lower in wave (iii). Near term, as far as pivot at 23.3 high stays intact, expect rally to fail in 3, 7, 11 swing and the metal to extend lower. Potential target lower is 100% – 161.8% Fibonacci extension from 12.4.2023 high. This area comes at 19.1 – 21.2 where buyers can appear for further upside or 3 waves rally at least.

XAGUSD 60 Minutes Elliott Wave Chart

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Silver (XAGUSD) Elliott Wave Video

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Nikkei Trading In An Impulse Sequence Favor Continuation Higher
The Short-Term Elliott Wave view in Nikkei (NKD_F) suggests that the rally from the 04 October 2023 low is unfolding in an impulse sequence favoring more upside to take place. In which the previous rally to 33780 high ended wave 1. Then a pullback to 32195 low ended wave 2. Up from there, the rally to 37010 high ended wave 3 & made a pullback in wave 4. The internals of that pullback unfolded in a double three structure. Whereas wave ((w)) ended at 35700 low. A bounce to 36290 high ended wave ((x)) and ended wave ((y)) at 35671 low. Thus completing wave 4 pullback.
Up from there, the index has made a new high already above 37010 high confirming the wave 5 higher. Also, the rally from the 35671 low is unfolding in an impulse sequence where lesser degree wave (i) ended at 36535 high as a diagonal. Down from there, a lesser degree pullback to 35835 low ended wave (ii) & started the next leg higher towards 37290 high to end wave (iii). Below from there, the index is doing a short-term pullback in wave (iv) towards 36789- 36567 area lower. From there, the index is expected to resume the upside or should produce a 3 wave reaction higher as long as the pivot from 35671 low stays intact.
Nikkei 1-Hour Elliott Wave Chart


Nikkei Elliott Wave Video

XLI Found Buyers At The Equal Legs Area
February 12, 2024 By EWF Vlada
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of XLI ETF, published in members area of the website. As our members know we have been favoring the long side in XLI. Recently we got a pull back that has made a clear 3 waves pull back that found buyers right at the equal legs area. In the further text we are going to explain the Elliott Wave forecast
XLI H1 Post-Market Update 1.25.2023
XLI ended cycle from the 109.9 low as 5 waves structure. The ETF is currently giving us pull back against the 109.9 low. Equal legs area is already reached at 112.38-111.54. We are aware that pull back can complete any moment. For now, we see possibility of a short term bounce in (iv) and then another marginal push down in (v) of ((c)) to complete the structure. We don’t recommend selling the ETF and expect further rally to resume from the buyers zone : 112.38-111.54.
Reminder : You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page.


XLI H1 Post-Market Update 1.31.2023
XLI has given us nice rally from the marked extreme zone as expected. We count wave 2 red completed at 112.36 low. Rally made a break toward new highs confirming next leg up wave 3 is in progress. We expect to get 3 waves pull back, wave ((ii)) black that can give us approximately 50-61.8 fibs against the 112.36 low before further rally resumes.
Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent updates in the membership area of the website. Remember that not every chart is trading recommendation. 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. You can check most recent charts in the membership area of the site.


Elliott Wave Forecast
We cover 78 instruments in total, but it’s important to keep in mind that not every chart is trading recommendation. We present Official Trading Recommendations in Live Trading Room. If not a member yet, Sign Up for Free 14 days Trial now and get access to new trading opportunities. Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy. Join us now and start learning from market experts. If you are looking for professional real-time analysis in Forex, Indices, commodities,Crypto currencies , stocks and ETFs you have come to the right place.
Welcome to Elliott Wave Forecast !
Source:https://elliottwave-forecast.com/tra...ers-equallegs/

GBPJPY Looking to Extend Higher in Impulsive Structure
Cycle from 12.14.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 12.14.2023 low, wave (1) ended at 188.93 and pullback in wave (2) ended at 18522. Internal subdivision of wave (2) unfolded as a zigzag structure. Down from wave (1), wave A ended at 187.1, wave B ended at 188.56, and wave C lower ended at 185.22 which completed wave (2). Pair then rallied higher in wave (3). Up from wave (2), wave ((i)) ended at 187.73 and pullback in wave ((ii)) ended at 186.15.
Pair resumes higher from wave ((ii)). Up from there, wave (i) ended at 186.78 and wave (ii) ended at 186.16. Wave (iii) higher ended at 188.48, wave (iv) ended at 188.21 and wave (v) ended at 188.86 which completed wave ((iii)). Pullback in wave ((iv)) ended at 187.84. Pair has resumed higher in wave ((v)). Near term, as far as pivot at 185.22 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
GBPJPY 1 Hour Elliott Wave Chart


GBPJPY Elliott Wave Video

Netflix Inc. ($NFLX) Found Buyers at the Blue Box Area as Expected.
February 12, 2024 By EWFTaha
Hello everyone. In today’s article, we will look at the past performance of the 1 Hour Elliott Wave chart of Netflix Inc. ($NFLX). The rally from 1.17.2024 low at $476.01 unfolded as 5 waves impulse. So, we expected the pullback to unfold in 7 swings and find buyers again. We will explain the structure & forecast below:
Double Three (WXY) Corrective Structure


$NFLX 1H Elliott Wave Chart 2.06.2024:
Here is the 1H Elliott Wave count from 2.06.2024. We expected the pullback to find buyers at the blue box area at 555.14 – 541.98 in a 7 swing structure (WXY).
$NFLX 1H Elliott Wave Chart 2.11.2024:
Here is the 1H update few days later from 2.11.2024 showing the bounce taking place as expected. The stock reacted higher from the blue box after doing a Double Three correction allowing longs to get a risk free position. The stock is expected to remain supported towards $588 – 600 before another pullback can happen.

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Source:https://elliottwave-forecast.com/sto...area-expected/

JNJ has an Incomplete Bearish Sequence Possible Bull Trap Ahead
February 13, 2024 By EWFLuis
Johnson & Johnson (JNJ) is an American multinational corporation founded in 1886 that develops medical devices, pharmaceuticals, and consumer packaged goods. Its common stock is a component of the Dow Jones Industrial Average, and the company is ranked No. 36 on the 2021 Fortune 500 list of the largest United States corporations by total revenue.
JNJ Daily Chart October 2023


In the last analysis, we called 3 waves more to the downside to end a double correction structure ((W)), ((X)), ((Y)). The stock reacted lower from a blue box area ending wave ((X)) and starting wave ((Y)). Then we expected to finish a wave (A) as a leading diagonal, bounce in wave (B) and continuing lower in (C). As price actions stays below 175.97 high, we are looking to keep lower prices. (If you want to learn more about Elliott Wave Theory, please follow these links: Elliott Wave Education and Elliott Wave Theory).
JNJ Daily Chart February 2024


Down from 175.97 high, JNJ ended wave A at 157.35 low and wave B made a running flat correction completing at 159.27 high. Then, market continued lower to end the first 3 swings of a double correction at 144.95 low as wave C of (W) and wave (W). The stock rallied since late October 2023 starting connector (X) pullback. It built a leading diagonal structure finishing wave A at 163.58 high and actually JNJ is developing wave B correction. This wave B could complete in 152 – 149 area and the market should break higher in wave C to end wave (X) before resuming to the downsidea again.
Elliott Wave Forecast
www.elliottwave-forecast.com updates one-hour charts 4 times a day and 4-hour charts once a day for all our 78 instruments. We do a daily live session where we guide our clients on the right side of the market. In addition, we have a 24 hours chat room where we will help you with any questions about the market.
Source:https://elliottwave-forecast.com/sto...nce-bull-trap/

XPO Continue Rally In Bullish Sequence
February 13, 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. It is having 13.65 B$ market cap on 12-February-2024.
XPO is trading at ATH in impulse sequence in (3) of ((3)) of III of (III). It expects to remain supported in 3, 7 or 11 swings pullback to resume higher, which may provide trading opportunity.
XPO – Elliott Wave Latest Weekly View:

It placed (II) at $13.30 low in weekly sequence in 2020 low & II of (III) at $24.75 low in 2022 low. Above there, it favors upside in ((3)) of III & remain supported, while dips remain above $65.80 low. It placed ((1)) of III at $80.42 high & ((2)) at $65.80 low as shallow correction. Within ((1)), it placed (1) at $45.06 high, (2) at $29.02 low, (3) at $76.77 high, (4) at $67.21 low & finally ended (5) at $80.42 high as ((1)). It ended ((2)) as 0.236 Fibonacci retracement of ((1)) before resumes higher in ((3)).
XPO – Elliott Wave Latest Daily View:

Above ((2)) low of $65.80, it placed favors upside in 3 of (3) of ((3)). It placed (1) at $90.78 high & (2) at $78.72 low. Within (3) of ((3)), it placed 2 at $80.26 low & favors upside in ((iii)) of 3, while ended ((ii)) at $82.78 low. It expects one more push higher to finish ((iii)) of 3 soon before correcting in ((iv)). It expects to remain supported in the series of third and fourth waves to extend higher as the part of ((3)) of III, which can extend between $121.48 – $155.91 area. We like to buy the pullback in 3, 7 or 11 swigs pullback at extreme areas, when reached.
Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session, where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. You can try us for 14 days for only $9.99.
Source:https://elliottwave-forecast.com/sto...lish-sequence/

Apple (AAPL) Should See Further Downside
Apple (AAPL) made a new all-time high on December 14, 2023 at 199.62. Down from there, a correction is in progress with internal subdivision as a double three Elliott Wave structure. Down from 12.14.2023, wave (W) ended at 179.68 and wave (X) ended at 196.42 as the 45 minutes chart below shows. Wave (Y) lower is in progress with internal structure as another double three in lesser degree. Down from wave (X), wave ((a)) ended at 183.81 and wave ((b)) ended at 191.81. Wave ((c)) lower ended at 179.10 which completed wave W. Up from there, wave ((w)) ended at 187.33 and wave ((x)) ended at 184.85. Wave ((y)) ended at 191.05 which completed wave X.
The stock has turned lower in wave Y. Down from wave X, wave (i) ended at 187.35 and wave (ii) rally ended at 189.99. Wave (iii) lower ended at 183.51. Expect the stock to rally in wave (iv) then turn lower in wave (v) to end wave ((a)). It should then rally in wave ((b)) before turning lower again in wave ((c)) of Y. Near term, as far as pivot at 196.42 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
Apple (AAPL) 45 Minutes Elliott Wave Chart


AAPL Elliott Wave Video

CHFJPY Perfectly Reacting Higher From Blue Box Area
February 13, 2024 By Hassan Sheikh
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of CHFJPY. In which, the rally from 14 December 2023 low unfolded as an impulse sequence and called for an extension higher to take place. Therefore, we knew that the structure in CHFJPY should remain supported & extend higher. So, we advised members not to sell the pair & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:
CHFJPY 4-Hour Elliott Wave Chart From 2.06.2024


Here’s the 4-hour Elliott wave Chart from the 2/06/2024 update. In which, the rally to 171.82 high-ended wave (1) & made a pullback in wave (2). The internals of that pullback unfolded as Elliott wave zigzag correction where wave A ended in 3 swings at 169.64 low. Then a bounce to 171.48 high-ended wave B & started the next leg lower in wave C towards 169.26- 167.89 blue box area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum.
CHFJPY Latest 4-Hour Elliott Wave Chart From 2.12.2024


This is the latest 4-hour Elliott wave Chart from the 2/12/2024 update. In which the pair is showing a reaction higher taking place, right after ending the 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 171.82 high is still needed to confirm the next extension higher & avoid further correction lower.
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Source:https://elliottwave-forecast.com/for...gher-blue-box/

Gold (XAUUSD) May See Larger Degree Correction
Gold (XAUUSD) cyclc from 12.28.2023 high is in progress as a double three Elliott Wave structure. Down from 12.28.2023 high, wave W ended at 2001.6 and rally in wave X ended at 2065.6. The metal then turns lower again in wave Y. Wave Y subdivides into another double three in lesser degree. Down from wave X, wave i ended at 2051 and wave ii ended at 2058.70. Wave iii lower ended at 2027.6, wave iv ended at 2042.22, and wave v lower ended at 2014.50. This completed wave (a) in higher degree. Rally in wave (b) ended at 2044.55 as a zigzag. Up from wave (a), wave a ended at 2038.8 and wave b ended at 2030.2.
Wave c higher ended at 2044.55 which completed wave (b). Down from there, wave i ended at 2011.5 and wave ii ended at 2032.85. Wave iii lower ended at 1989.9 and wave iv ended at 1997.81. Last leg lower wave v ended at 1984.09 which completed wave (c) of ((w)). Wave ((x)) rally is now in progress to correct cycle from 2.1.2024 high in 3, 7, or 11 swing before it resumes lower. Near term, as far as pivot at 2065.7 high stays intact, expect rally to fail for further downside.
Gold (XAUUSD) 60 Minutes Elliott Wave Chart


XAUUSD Elliott Wave Video

Visa Inc (NYSE: V) Nest structure Signals Further Upside
February 13, 2024 By EWFAyoub
Visa Inc (NYSE: V) is an American multinational payment card services corporation headquartered in San Francisco, California. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards. This article dives into the potential technical trajectories within its weekly cycle using Elliott Wave Theory.
In November 2023, Visa stock surged into new all time highs after breaking above 2021 peak. The move created a weekly bullish sequence and it will be looking for a higher target at least toward equal legs area $425 – $581.
The Initial rally from October 2022 low is proposed to unfold as a bullish nest within wave I of (III). The rally within the 3rd wave usually has the strongest momentum within a regular impulse. The price action is more supported to the upside while pullbacks are short-lived because buyers will keep entering the market after 3 , 7 or 11 swings as long as the trend stays intact.
The stock will continue the rally within a series of 4th & 5th waves until it finish the 5 waves advance within wave I. After ending that cycle, a correction within wave II will take place presenting a potential new investment opportunity to join the weekly bullish trend as the stock is still proposed to be rallying within wave (III).
The weekly bullish sequence will support Visa in the coming years therefore investors are advised to keep an eye for the daily corrective pullbacks to be able to join then bullish trend.
V Weekly Chart 2.13.2024

Source:https://elliottwave-forecast.com/sto...ignals-upside/