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Alphabet Inc. ($GOOGL) Found Buyers at the Blue Box Area as Expected.
March 11, 2024 By EWFTaha
Hello everyone. In today’s article, we will look at the past performance of the 4H Hour Elliott Wave chart of Alphabet Inc. ($GOOGL). The rally from 10.27.2023 low at $120.25 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:
5 Wave Impulse Structure + ABC correction


$GOOGL 4H Elliott Wave Chart 2.29.2024:
Here is the 4H Elliott Wave count from 2.29.2024. We expected the pullback to find buyers at the blue box area at 135.04 – 126.14 in 3 swings.
$GOOGL 4H Elliott Wave Chart 3.11.2024:
Here is the latest 4H update from 3.10.2024 showing the bounce taking place as expected. The stock has reacted higher from the blue box area ending the 3 swings decline. The stock is expected to remain supported towards $142 – 145 where longs will be able to get risk free. A break above 1.29.2024 peak at 153.78 will open the next leg higher towards $164 – 185.

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

Is HON Ready For Next Big Move?
March 12, 2024 By EWFRaj
Honeywell International Inc., (HON) engages in the aerospace technologies, building automation, energy & sustainable solutions & industrial automation businesses in the United States, Europe & internationally. It is based in Charlotte, comes under Industrials sector & trades as “HON” ticker at Nasdaq. It is having 130.919 B$ market cap as on 11-March, 2024.
As showing in the previous article from last year, HON favors upside in (3) of ((3)) of III, while dips remain above $189.66 low. It needs to break above $236.86 high to confirm the next bullish sequence.
HON – Elliott Wave Weekly View From 2.13.2023:

It ended (II) at $101.08 low in weekly sequence in March-2020. Above there, it favors upside in ((3)) of III as impulse sequence, while dips remain above ((2)) low. Within wave I, it placed ((1)) at $147.87 high, ((2)) at $117.11 low, ((3)) at $234.02 high as extended wave, ((4)) at $211.96 low & ((5)) as I at $236.86 high. It placed II at $166.63 low as 0.5 Fibonacci retracement of I as 3 swing pullback. Within III, it placed ((1)) at $220.96 high & ((2)) at $174.88 low as zigzag correction ended in October-2023 low.
HON – Elliott Wave Latest Weekly View:

Since ((2)) low, it favored ended (1) of ((3)) at $210.60 high. It placed 1 of (1) at $199.13 high, 2 at $193.01 low, 3 at $205.45 high, 4 at $202.84 low & 5 of (1) at $210.60 high. It corrected in 2 as 0.618 Fibonacci retracement, ended at $189.66 low as 3 swing zigzag correction. Above 2 low, it placed ((i)) of 3 at $203.91 high as diagonal sequence. Currently, it favors ((ii)) correction in 3 or 7 swings before resume upside in ((iii)) of 1 of (3). It needs to break above (1) high to confirm the upside to be (3) as bullish sequence. Until then it can even extend (2) correction, if breaks below $189.66 low before turning higher.
HON – Elliott Wave Latest Daily View:

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Nikkei ( NKD_F ) Elliott Wave View: Reacted from the Blue Box
Nikkei NKD_F ended an impulse structure at 40565 high and we called wave 3 and the index started a wave 4 pullback. Down from wave 3, wave (i) ended at 40315 and wave (ii) ended at 40465. Wave (iii) lower ended at 39665. Rally in wave (iv) ended at 39895. The market resumes lower in wave (v) ended 39195 and completed wave ((a)) in higher degree. NKD did a bounce from this levels reaching at 39860 and turning down strongly. At 39860 it ended wave ((b)) correction.
Down from wave ((b)), wave (i) ended at 39405 and wave (ii) ended at 39860. Wave (iii) lower ended at 38160. Rally in wave (iv) ended at 38450. Index resumes lower into the blue box area completing wave (v) at 38140 low. Also completed wave ((c)) and wave 4 in higher degree as a zigzag Elliott Wave structure. Currently, NKD has reacted from the blue box developing an impulse as wave ((i)). As price action stays above 38140 low, we expect to end wave ((ii)) correction and then continuing with the rally or see 3 swings higher at least.
Nikkei (NKD_F) 30 Minutes Elliott Wave Chart


Nikkei (NKD_F) Elliott Wave Video

Cisco (CSCO) Pullback is not Over Further Downside To Come
March 13, 2024 By EWFLuis
Cisco Systems, Inc., commonly known as Cisco (CSCO), is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products.
CSCO Daily Chart October 2023
Last October, we talked about an alternative view on CSCO. That was wave (II) has not finished and it could do a double correction. After 3 waves higher we cannot rule out a double correction until we see a clear impulse higher. In June, we suggested that CSCO shares price should continue to rise to the $57.66 – $60.52 area. Thus, the price should be rejected from this zone opening the possibility of a double correction that sends the price below $38.73. The market ends a new high at $58.19 in the area and the market was rejected. Actually, the path still could not break above $58.19 and it is more like to expect more downside. (If you want to learn more about Elliott Wave Theory, please follow these links: Elliott Wave Education and Elliott Wave Theory).
CSCO Daily Chart March 2024


In the chart above, we can see a double correction structure formed from wave X. Down from 58.19 high, CSCO dropped in 3 swing ending wave (W) at 50.95. Wave (X) pullback did a small bounce at 53.50 high and continue lower. The movement was strong finishing at 44.70 to complete wave (Y) structure and also Wave ((W)) in higher degree. Currently, CSCO is building wave ((X)) connector. Up from 44.70 low, market did 3 swings higher to end wave (W) at 52.86 and pullback as wave (X) ended at 46.90 low and resumed higher. Market is trading in wave (Y) and we should see 3 swings higher above 52.86 to end wave (Y) and ((X)) correction before turning lower in wave ((Y)).
CSCO Alternative Daily Chart March 2024


The difference of this alternative chart with the main view, it is just wave ((X)) is completed at 52.62 high. While price action stays below this level, we are looking further downside double correction structure.
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Silver Miners (SIL) Still Finding Bottom
March 4, 2024 By EWFHendra
The silver miners ETF (SIL) is an exchange-traded fund that seeks to track the performance of companies primarily engaged in silver mining. By investing in SIL, investors gain exposure to a diversified portfolio of silver mining companies, offering potential benefits of capital appreciation and portfolio diversification within the precious metals sector. In this article, we will look at the Elliott Wave outlook for this ETF.
SIL (Silver Miners ETF) Monthly Elliott Wave Chart


Monthly Elliott Wave chart of SIL above shows that the ETF ended all-time correction wave ((II)) at 14.94 in 2016. Up from there, the ETF rallied in a nest I-II-((1))-((2)). Wave I ended at 54.34 and wave II ended at 15.84. It then extended higher in wave ((1)) to 52.87 and pullback in wave ((2)) ended at 21.26. As far as SIL stays above 15.84, expect the ETF to extend higher again.
Silver Miners ETF Daily Elliott Wave Chart
Daily Elliott Wave chart of Silver Miners (SIL) above shows that the ETF still trying to find the bottom. Pullback to 21.16 is proposed to complete wave ((2)). From there, the instrument rallied in 5 waves diagonal. Up from wave ((2)), wave 1 ended at 33.24 and pullback in wave 2 ended at 22.57. Internal subdivision of wave 2 unfolded in a zigzag structure. Down from wave 1, wave ((a)) ended at 24.91 and wave ((b)) ended at 26.55. Wave ((c)) lower ended at 22.57 which completed wave 2. The instrument then turned higher. Up from wave 2, wave ((i)) ended at 29.61 and pullback in wave ((ii)) ended at 22.58. As far as pivot at 21.16 low stays intact, expect the ETF to extend higher.
Silver Miners ETF (SIL) Elliott Wave Video

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Source:https://elliottwave-forecast.com/vid...inding-bottom/

Boeing (BA) Elliott Wave View: Impulse Lower Suggest More Downside
Boeing ticker symbol: BA ended a corrective cycle in January 24 at 217.59 high and we labeled as wave (B). Then the stock continued lower forming an impulse structure. Down from 24.01.2024 high, wave 1 ended at 198.32 low and bounce in wave 2 finished at 215.03 high. The market resumes lower in wave ((i)) ending at 197.15 low. Pullback in wave ((ii)) higher did a zigzag Elliott Wave structure ending at 208.10 high.
Boeing resumed to the downside in wave ((iii)) that is still in progress. Down from wave ((ii)) in lesser degree, wave i ended at 202.51 and wave ii pullback ended at 206.62. The stock resumes lower in wave iii towards 199.03 and bounce in wave iv ended at 204.15. Last wave v ended at 196.92 which completed wave (i) as a ending diagonal. Rally from 196.92 low ended at 203.80 and also wave (ii) correction. Then, the market drop strongly ended wave (iii) at 182.19 and small bounce to 185.97 end wave (iv) correction. Currently, we are expecting to complete wave (v) and also wave ((iii)) lower where market should react higher in correction as wave ((iv)) before resuming to the downside in wave ((v)) of 3.
Boeing 60 Minutes Elliott Wave Chart


Boeing Elliott Wave Video

DAX Short Term Should Stay Supported


Short Term Elliott Wave view in DAX suggests cycle from 1.17.2024 low is in progress as a 5 waves impulse. Up from 1.17.2024 low, wave ((i)) ended at 17049.52 and pullback in wave ((ii)) ended at 16830.28 as the 30 minutes chart below shows. The Index then rallies higher within in wave ((iii)) with internal subdivision as another impulse in lesser degree. Up from wave ((ii)), wave (i) ended at 17198.45 and pullback in wave (ii) ended at 17019.15. The Index extended higher in wave (iii) towards 17816.52 and pullback in wave (iv) ended at 17619.4. The Index extended higher again in wave (v) towards 17879.11 which completed wave ((iii)) in higher degree.

Pullback in wave ((iv)) subdivided into a zigzag structure. Down from wave ((iii)), wave (a) ended at 17795.13 and wave (b) ended at 17860.51. Wave (c) lower ended at 17662.55 which completed wave ((iv)). The Index has extended higher in wave ((v)) with internal subdivision as 5 waves impulse. Up from wave ((iv)), wave i ended at 17849.8 and wave ii ended at 17746.89. Index extended higher in wave iii towards 18001.42 and wave iv ended at 17939.50. Final leg wave v ended at 18039.05 which completed wave (i). Expect wave (ii) pullback to find support in 3, 7, or 11 swing for further upside, as far as pivot at 16830.28 low stays intact.

DAX 30 Minutes Elliott Wave Chart

Attached Image (click to enlarge)

DAX Elliott Wave Video


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OIL (CL_F) Elliott Wave: Buying The Dips At The Blue Box
March 14, 2024 By EWF Vlada
Hello fellow traders. As our members know , Oil has recently given us good buying opportunity . In this technical article we’re going to look at the Elliott Wave charts of Oil published in members area of the website. The commodity shows bullish sequences in the cycle from the 67.75 low. Consequently we have been favoring the long side and recommended members to keep buying the dips in 3,7,11 swings. Oil made clear 3 waves down from the March 1st peak and completed correction right at the Equal Legs zone ( Blue Box Area) . In further text we’re going to explain the Elliott Wave pattern and trading setup.
OIL Elliott Wave 1 Hour Chart 03.09.2024
Current view suggests that wave (x) pull back is still in progress , calling for more short term weakness toward 77.37-76.59 area. We don’t recommend selling Oil and prefer the long side from the marked Blue Box ( buying zone). As the main trend is bullish, we expect the price to make at least bounce in 3 waves from the Blue Box area. Once the bounce reaches 50 fibs against the x red connector we will take partial profits and make position risk free ( put SL at BE) .
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.
Quick reminder on how to trade our charts :
Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable.


OIL Elliott Wave 1 Hour Chart 03.13.2024
The commodity reached our buying zone at : 77.35-76.56 and found buyers as expected. Oil is giving us very good reaction from the Blue Box Area. We call pull back (x) blue completed at the 76.78 low. As a result, any long positions should be risk free by now. We would like to see break of (w) blue peak (March 1st) 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
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Source:https://elliottwave-forecast.com/tra...ying-blue-box/

Costco Wholesale ( COST ) Grand Super Cycle Upside Target
March 18, 2024 By EWFAyoub
Costco Wholesale Corporation (Nasdaq: COST) went public on December 5, 1985 at $10.00 per share (before stock splits). It’s considered as one of the good performing stocks with only 9 negative years out of 37.
Last month, we discussed in our previous article the continuation to the upside within daily cycle as the stock is looking to remain supported within an impulsive rally since 2022 low. As we can see in the below weekly chart, the rally remains in progress within a nesting structure still part of wave I. It’s expected to see more upside within series of 3rd and 4th waves until it establish a complete impuls ( 5 waves advance ) then a 3 waves pullback in wave II can take place against $406.51.
Costco Weekly Chart 3.18.2024


Zooming out to the quarterly chart, we see the Grand Super Cycle unfolding within a larger 5 waves advance since IPO. The break higher above 2022 peak created a new yearly bullish sequence which is expected to support the impulsive advance toward an initial target at equal legs area $1006 – $1378. Consequently, COST is still trading within the first leg of wave (III) which implies a strong breakout in progress and the stock will remain supported in the coming years until it reaches the mentioned target area.
The overall technical picture for Costco is bullish in all time frames. Therefore investors are advised to only look for buying opportunities during pullbacks in 3 , 7 or 11 swings based on the Elliott Wave Theory.
Costco Quarterly Chart 3.18.2024

Source:https://elliottwave-forecast.com/sto...-cycle-target/

$MARA: Buying Opportunity in Marathon Digital Holdings in 7 Swings
March 17, 2024 By EWF Helgi
Marathon Digital Holdings Inc. (formerly Marathon Patent Group) is a digital asset technology company. It engages in mining cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets. Founded 2010 and headquartered in Las Vegas, Nevada, US, one can trade it under ticker $MARA at NASDAQ. Currently, we see cryptocurrencies turning for another bullish cycle higher. In fact, the rally in prices of cryptocurrencies should push higher and may even provide a magnifying effect on the share prices of cryptocurrency mining/producing companies. Therefore, Marathon Digital Holdings being one of digital assets producers should become a profitable invetsment target as it should ramp up along with acceleration in cryptocurrencies prices.
In the initial article from May 2023, we were calling for a new bullish cycle. We were right, we have broken the weekly descending channel. Now, we see 5 waves up from December 2022 lows. Clearly, it supports the bullish case. Now, short term correction should find support in 7 swings. Investors and traders should use pullback as next buying opportunity. In the current blog, we explain the wave structure, sequences and short- to long-term targets.
Marathon Digital Monthly Elliott Wave Analysis 03.17.2024
The monthly chart below shows the Marathon Digital shares $MARA traded at NASDAQ. First, from the all-time lows, the stock price has developed a cycle higher in black wave ((I)). Hereby, $MARA has printed the all-time highs in March 2012 at 234. From the highs, a correction lower in wave ((II)) has unfolded as a zigzag correction being a 5-3-5 structure. It has found an important bottom in March 2020 at 0.35. As a matter of fact, in 8 years $MARA has lost more than 99% off its peak value.
From the March 2020 lows, another motive cycle in black wave ((III)) has started and is currently in the initial stages. We see already first nest consisting of red waves I-II in place. Now, acceleration higher in red wave III of blue wave (I) should follow. Once all 5 waves of blue wave (I) will be completed, then pullback in blue wave (II) should provide with another opportunity to join the rally. Then, acceleration higher in blue wave (III) of black wave ((III)) should bring prices considerably higher. Long-term, black wave ((III)) should extend towards 234 highs and even beyond.
Attachment g

Marathon Digital Weekly Elliott Wave Analysis 03.17.2024
The Weekly chart below shows in more detail the initial stages of the black wave ((III)). From the March 2020 lows, a bullish cycle in red wave I has unfolded as an impulse. Hereby, black wave ((3)) shows an extension. Red wave I has ended in April 2021 at 57.75. From the highs, the consolidation pattern in red wave II has unfolded as an expanded flat pattern being 3-3-5 structure. First, 3 swings of black ((A)) have found bottom in May 2021 at 18.32. Then, a 7 swings (=3 swings) bounce in black wave ((B)) has set a higher high in November 2021 at 83.45. From there, black wave ((C)) has confirmed expanded flat structure by breaking 18.32 lows. It shows fully developed 5 waves off the highs. In overall, the recent sideways-to-higher price action along with breaking of RSI channel suggest that the new bullish cycle might have started.
It is the preferred view that red wave II has set an important low in December 2022 at 3.11. While above there, a new cycle in red wave III is in progress. The target for red wave III will be towards 60.45-95.94 area and even higher. Current prices below 20$ offer still a great investment opportunity. While medium-term investors can expect 3 times reward on their risk, long-term reward reaches towards 11x and more as related to current engagement.
Attachment g

Marathon Digital Daily Elliott Wave Analysis 03.17.2024
The Daily chart below shows in more detail the initial nest consisting of black waves ((1))-((2)) in progress. From the December 2022 lows, black wave ((1)) of red wave I has ended in February 2024. It has the pattern of a leading diagonal being a 5-3-5-3-5 structure. From the 34.09 highs, correction in wave ((2)) should provide an opportunity for an acceleration higher in black wave ((3)). It unfolds as a double three pattern being 7 swings structure. Firstly, from the February 2024, 3 swings of blue wave (W) have set a low at $21.45 in March 2024. Secondly, a bounce in blue wave (X) has printed a connector high at $25.28. Thirdly, $MARA has broken $21.45 lows opening up bearish sequence. It should reach now in another 3 swings towards 12.62-4.80 area. There, acceleration higher in black wave ((3)) of red wave III should take place.
Investors and traders can be using 12.62-4.80 bluebox area as a buying opportunity in $MARA targeting 35.82-54.98 and higher in short-term and 129.80 and beyond in the long run.
Attachment g

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$BKNG: Buying Booking Holdings Stock in a Pullback
March 17, 2024 By EWF Helgi
Booking Holdings Inc. is an US American travel technology company. It owns and operates several travel fare aggregators and travel fare metasearch engines including namesake and flagship Booking.com, Priceline.com, Agoda.com, Kayak.com, Cheapflights, Rentalcars.com, Momondo, and OpenTable. It operates websites in about 40 languages and 200 countries. Founded 1996, Booking Holdings is headquartered in Norwalk, Connecticut, US. As a part of both NASDAQ-100 and S&P-100 indices, one can trade it under the ticker $BKNG at NASDAQ.
Booking Holdings Monthly Elliott Wave Analysis 03.17.2024
The monthly chart below shows the Booking Holdings shares $BKNG traded at NASDAQ. From the all-time lows, the stock price has developed an initial cycle higher in black wave ((I)) of grand super cycle degree towards 2716 highs in February 2022. Within it, blue wave (III) shows an extension beyond 2.0x of the length of the wave (I). After the impulsive structure higher, a correction lower in black wave ((II)) has ended in October 2022. From $1617 lows, next bullish cycle in black wave ((III)) has started. Break of the February 2022 highs has confirmed that. The target for black wave ((III)) is 4336-6016 area and even beyond.
In shorter cycles, we can see price nesting action within black wave ((III)). Firstly, nest cosnsisting of blue waves (I)-(II) has ended in November 2023. Secondly, another nest comprising red waves I-II is currently in development. Once accomplished, expect acceleration higher in red wave III of blue wave (III).


Booking Holdings 4H Elliott Wave Analysis 03.17.2024
The 4H chart below shows in more detail the second nest consisting of red waves I-II. It is currently in progress. From November 2023 lows, red wave I of blue wave (III) has ended in February 2024 at new all-time highs. It has the pattern of an impulse being a 5-3-5-3-5 structure. From the 3918 highs, correction in red wave II should provide an opportunity for an acceleration higher in red wave III. It unfolds as a zigzag pattern. Firstly, from the February 2024, an impulse lower in black wave ((A)) has set a low at $3500 in the same month. Secondly, a bounce in black wave ((B)) has printed a connector high at $3698. Thirdly, $BKNG has broken $3500 lows opening up a bearish sequence. Now, it should reach 3283-3025 area. There, market should turn higher for another bullish cycle.
Investors and traders can be using 3283-3025 bluebox area as a buying opportunity in $BKNG targeting 4317-5117 and higher in short-term and 4336-6016 and beyond in the long run.


Booking Holdings Video Elliott Wave Analysis 03.17.2024
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 Booking Holdings stock ($BKNG).
https://elliottwave-forecast.com/wp-...172024.mp4?_=1
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Amazon (AMZN) Looking for 7 Swing Correction

Short Term Elliott Wave view in Amazon (AMZN) suggests that wave 4 is in progress as double three Elliott Wave structure. Rally to 180.14. Down from there, wave a ended at 176 and rally in wave b ended at 177.08. The stock then resumed lower in wave c towards 173.3 which completed wave (w) in higher degree. Up from there, wave (x) unfolded as a flat structure. Up from wave (w), wave a ended at 176.46 and wave b ended at 172.06. Wave c higher ended at 178.79 which completed wave (x). The stock then turned lower in wave (y) with internal subdivision as a zigzag structure.

Down from wave (x), wave a ended at 174.33 and wave b ended at 175.93. Wave c lower ended at 171.47 which completed wave (y) of ((w)). Stock then bounced higher in wave ((x)) as another double three in lesser degree. Up from wave ((w)), wave (w) ended at 176.76 and wave (x) ended at 174.88. Wave (y) higher ended at 179.52 which completed wave ((x)). Stock then turned lower in wave ((y)). Down from wave ((x)), wave (a) ended at 173.9 and wave (b) ended at 176.69. Expect the stock to extend lower in wave (c) of ((y)) to complete wave 4. Potential target lower is 100% – 161.8% Fibonacci extension of wave ((w)). This area comes at 165.54 – 170.88 where buyers can appear. Near term, as far as pivot at 179.52 high stays intact, stock has scope to extend lower.

AMZN 45 Minutes Elliott Wave Chart

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AMZN Elliott Wave Video


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MGM Resorts (MGM) Expects Pullback Before Resumes Rally
March 19, 2024 By EWFRaj
MGM Resorts International (MGM), through its subsidiaries, owns & operates casino, hotel & entertainment resorts in the US and internationally. The operates through three segments: Las Vegas Strip Resorts, Regional Operations & MGM China. It is based in Las Vegas, Nevada, comes under Consumer Cyclical sector & trades as “MGM” ticker at NYSE, having market cap of 14.1 B$ as on 18-March, 2024.
As mentioned in the previous article, MGM expected to pullback in ((2)), which ended at $34.12 low as zigzag correction. Above there, it favors upside as the part of ((3)) of III, which confirms above $51.35 high.
MGM – Elliott Wave Daily View From 8.28.2023:

In Weekly sequence, it ended (II) at $5.90 low in March-2020 & II of (III) at $26.41 low in June-2022. It already confirmed higher high above I high, favoring upside to be ((3)) of III of (III). Within ((1)) of III sequence, it placed (1) at $36.34 high, (2) at $29.20 low, (3) at $46.23 high, (4) at $38.68 low & finally ended (5) at $51.35 high. It corrected ((2)) in zigzag correction, ended at $34.12 low in October-2023. It placed (A) at $41.89 low, (B) at $44.79 high & (C) at $34.12 low within the blue box area. Any buyers from the area was able to create a risk-free long position as it was extended higher in (1) of ((3)).
MGM – Elliott Wave Latest Daily View:

Within ((3)), it ended (1) at $47.53 high & favors pullback in (2) in 3 or 7 swings pullback. It ended 1 of (1) at $40.68 high, 2 at $37.15 low, 3 at $45.91 high, 4 at $41.27 low & 5 at $47.53 high. It placed A of (2) at $41.25 low & expect a bounce in B wave before turning lower in C of (2). As long as it stays above $34.12 low of (2), it expects to extend higher in (3) of ((3)), which confirms above $51.35 high. Alternatively, if it breaks below $34.12 low, it can do larger double correction in ((2)) against $26.41 low before turning higher, which may provide another long opportunity.
MGM – Elliott Wave Latest Weekly View:

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Source:https://elliottwave-forecast.com/sto...resumes-rally/

Pan American Silver (PAAS) May Have Ended Correction
March 19, 2024 By EWFHendra
Pan American Silver (PAAS) is a leading mining company headquartered in Vancouver, Canada. It specializes in the exploration, development, and operation of silver mines across the Americas. The company has a diversified portfolio spanning Mexico, Peru, Argentina, and Bolivia. Below we will look at the Elliott Wave outlook for the company.
PAAS Monthly Elliott Wave Chart


Monthly Elliott Wave of Pan American Silver (PAAS) shows that the stock ended wave ((II)) at 5.32 on January 2016 low. Up from there, it has started a new bullish cycle. Wave (I) ended at 40.11 and wave (II) pullback may have ended already at 12.16. Expect the stock to resume higher as far as it stays above 5.32.
PAAS Daily Elliott Wave Chart


Daily Elliott Wave Chart of Pan American Silver (PAAS) shows that the stock may have ended wave (II) at 12.18. Further rally and separation from the low is desirable to give confirmation that the low is really in place. Up from wave (II), the rally looks impulsive with wave (1) ended at 13.28 and wave (2) ended at 12.2. Wave (3) is now in progress before a pullback in wave (4) and then higher again in wave (5) to complete wave ((1)). Near term, as far as pivot at 12.18 low stays intact, expect the stock to extend higher.
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Source:https://elliottwave-forecast.com/sto...ed-correction/

Copper (HG) Short Term Pullback Should Find Buyers


Short Term Elliott Wave view in Copper (HG) shows that the rally from 2.9.2024 low is in progress as a 5 waves impulse. Up from 2.9.2024 low, wave ((i)) ended at 3.9085 and dips in wave ((ii)) ended at 3.8015. The metal extended higher in wave ((iii)) towards 4.164. Subdivision of wave ((iii)) unfolded in another impulsive structure in lesser degree as the 1 hour chart below shows. Up from wave ((ii)), wave (i) ended at 3.952 and dips in wave (ii) ended at 3.902. The metal extended higher in wave (iii) towards 4.081 and pullback in wave (iv) ended at 4.0175. Final leg wave (v) ended at 4.164 which completed wave ((iii)).

Wave ((iv)) pullback is in progress as a double three Elliott Wave structure. Down from wave ((iii)), wave (w) ended at 4.08 and wave (x) ended at 4.118. Wave (y) lower is in progress and target lower is 100% – 161.8% Fibonacci extension of wave (w). The area comes at 3.98 – 4.03 which is shown with a blue box area. From this area, the metal should extend higher or at least bounce in 3 waves. Near term, as far as the pullback stays above 3.978 (1.618 extension), expect the metal to turn higher from the blue box area.

HG 60 Minutes Elliott Wave Chart

Attached Image (click to enlarge)

Copper (HG) Elliott Wave Video

Inserted Video

Source: https://elliottwave-forecast.com/new...k-find-buyers/
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META Perfectly Reacting Higher From Blue Box Area
March 19, 2024 By Hassan Sheikh
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of META. We presented to members at the elliottwave-forecast. In which, the rally from 26 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 stock & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:
META 1-Hour Elliott Wave Chart From 3.11.2024


Here’s the 1-hour Elliott wave chart from the 3/11/2024 Pre-Market update. In which, the short-term cycle from the 1/02/2024 low ended in wave (3) at $523.57 high. Down from there, the stock made a pullback in wave (4) to correct that cycle. The internals of that pullback unfolded as Elliott wave zigzag structure where wave A ended at $499.35 low. Wave B bounce ended at $509.42 high and wave C managed to reach the blue box area at $485.21- $470.25. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.
META Latest 1-Hour Elliott Wave Chart From 3.19.2024


This is the latest 1-hour Elliott wave Chart from the 3/19/2024 Post-Market update. In which the stock is showing a reaction higher taking place, right after ending the zigzag 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 $523.57 high is still needed to confirm the next extension higher & avoid a double correction lower.
If you are looking for real-time analysis in META along with the other Stocks & ETFs then join us with a 14-Day Trial for the latest updates & price action.
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Source:https://elliottwave-forecast.com/sto...gher-blue-box/

META Perfectly Reacting Higher From Blue Box Area
March 19, 2024 By Hassan Sheikh
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of META. We presented to members at the elliottwave-forecast. In which, the rally from 26 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 stock & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:
META 1-Hour Elliott Wave Chart From 3.11.2024
Attachment g

Here’s the 1-hour Elliott wave chart from the 3/11/2024 Pre-Market update. In which, the short-term cycle from the 1/02/2024 low ended in wave (3) at $523.57 high. Down from there, the stock made a pullback in wave (4) to correct that cycle. The internals of that pullback unfolded as Elliott wave zigzag structure where wave A ended at $499.35 low. Wave B bounce ended at $509.42 high and wave C managed to reach the blue box area at $485.21- $470.25. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.
META Latest 1-Hour Elliott Wave Chart From 3.19.2024
Attachment g

This is the latest 1-hour Elliott wave Chart from the 3/19/2024 Post-Market update. In which the stock is showing a reaction higher taking place, right after ending the zigzag 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 $523.57 high is still needed to confirm the next extension higher & avoid a double correction lower.
If you are looking for real-time analysis in META along with the other Stocks & ETFs then join us with a 14-Day Trial for the latest updates & price action.
Success in trading requires proper risk and money management as well as an understanding of Elliott Wave theory, cycle analysis, and correlation. We have developed a very good trading strategy that defines the entry.
Stop loss and take profit levels with high accuracy and allow you to take a risk-free position, shortly after taking it by protecting your wallet. If you want to learn all about it and become a professional trader. Then join our service by taking a Trial
Source:https://elliottwave-forecast.com/sto...gher-blue-box/

$GOOGL Stock Elliott Wave: Forecasting The Path
March 19, 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 $GOOGL Stock published in members area of the website. As our members know we have been favoring the long side in $GOOGL. 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
$GOOGL H1 Midday Update 03.15.2024
$GOOGL ended cycle from the 130.13 low as 5 waves structure. The stock is currently giving us pull back against the 130.130 low which can be unfolding as Elliott Wave Zig Zag pattern. Equal legs area from the peak is already reached at 140.65-139.08 . We are aware that pull back can complete any moment. For now, we see possibility of a more downside in near term. We don’t recommend selling the stock and expect further rally to resume from the mentioned zone.
Reminder : You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page.


$GOOGL H1 Weekend Update 03.17.2024
The stock has made bounce from the extreme zone. We are calling wave (2) blue completed at the 140.10 low. As far as the price stays above that low, we can be doing wave (3) blue which is heading toward new highs ideally. We need to see break of (1) blue peak to confirm next leg up is in progress.


$GOOGL H1 Weekend Update 03.17.2024
$GOOGL has continued to rally from the marked extreme zone as expected. We got very good rally toward new highs and then sharp pull back which filled the gap. Now the stock remains bullish against the 140.1 pivot. We expect to see another intraday 3 waves pull back before further rally resumes. As far as pivot at 140.1 low holds, we expect the stock to keep finding buyers in 3,7,11 swings.
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.

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

Silver (XAGUSD) Should Continue to Extend Higher

Short Term Elliott Wave view in Silver (XAGUSD) suggests that rally from 1.22.2024 low is in progress as a 5 wave impulse. Up from 1.22.2024 low, wave 1 ended at 23.32 and pullback in wave 2 ended at 21.94. Up from there, wave ((i)) ended at 23.49 and wave ((ii)) ended at 22.25. Wave ((iii)) higher ended at 24.62 and pullback in wave ((iv)) ended at 23.98. Final leg wave ((v)) ended at 25.44 which completed wave 3.

Wave 4 pullback unfolded as a double three Elliott Wave structure as the 1 hour chart below shows. Down from wave 3, wave ((w)) ended at 24.93 and wave ((x)) ended at 25.32. The metal then extended lower in wave ((y)) towards 24.69 which completed wave 4. The metal then turns higher in wave 5. Up from wave 4, wave (i) ended at 24.96 and wave (ii) ended at 24.72. Silver should end wave (iii) soon, then pullback in wave (iv) before turning higher again in wave (v) to end wave ((i)). Afterwards, it should pullback in wave ((ii)) to correct cycle from 3.19.2024 low in 3, 7, or 11 swing before it resumes higher again. Near term, as far as pivot at 24.69 low stays intact, expect dips to find support in 3, 7, 11 swing for further upside.

Silver (XAGUSD) 60 Minutes Elliott Wave Chart

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XAGUSD Elliott Wave Video

Inserted Video

Source: https://elliottwave-forecast.com/new...extend-higher/
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Travelers TRV Did a Strong Rally Missing the Blue Box Area
March 19, 2024 By EWFLuis
The Travelers Companies, Inc., TRV, is an American insurance company. It is the second-largest writer of U.S. commercial property casualty insurance, and the sixth-largest writer of U.S. personal insurance through independent agents.
Weekly TRV Chart July 2023


TRV ended a great super cycle in the year of 2019 reaching a peak at $154.86 which we call the wave ((I)). Then the market made a quick and strong correction driven by the COVID19 pandemic in 2020. The company lost 50% of its value reaching $76.99 per share in March. This culminated wave ((II)) and we are currently building wave ((III)). Wave (I) of ((III)) ended at $194.51 in January 2023 building an impulse and it has been correcting in wave (II) of ((III)) ever since. (If you want to learn more about Elliott Wave Theory, please follow these links: Elliott Wave Education and Elliott Wave Theory)
Weekly TRV Chart November 2023


In the chart above shows that TRV continued lower as expected. There were 2 structures to use in this case, a flat correction or a double correction. The flat correction has a structure of 3-3-5 and the double correction is 3-3-3. The only difference is the end of the structure. However, the pullback was a little shallow for wave (II). It cannot reach even the 100% Fibonacci extension to 152.52 and the stock turned higher from 157.33 low missing the entry.
4 Hour TRV Chart March 2024


The structure above, it is developing wave I of (III). Currently there are 2 scenarios. Wave ((3)) could have completed at 224.00 high and it needs to break below 216.98 low to confirm that wave ((4)) has started. In this case, market we retest wave (4) lows before resuming to the upside. The other scenario is wave ((3)) is not completed and it is going to extend in wave 5 higher. To confirm this view TRV need to break above 224,00; therefore, we should look to end an impulse higher to complete wave ((3)) and then pullback in wave ((4)).
TRV Video March 2024
https://elliottwave-forecast.com/wp-...03/TRV.mp4?_=1
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Source:https://elliottwave-forecast.com/sto...ally-blue-box/