Elliottwave-Forecast.com - Official Thread w/ Analysis Blogs

Nifty Pullback Should Continue to Find Buyers


Short Term Elliott Wave view in Nifty suggests rally from 1.24.2024 low is in progress as a diagonal. Up from 1.24.2024 low, wave (i) ended at 22297.5 and pullback in wave (ii) ended at 21860.55. The Index then rallied higher in wave (iii) towards 22463.65 and dips in wave (iv) ended at 2224.35. Final leg wave (v) ended at 22526.6 which completed wave ((i)). Pullback in wave ((ii)) unfolded as a double zigzag Elliott Wave structure. Down from wave ((i)), wave (w) ended at 21905.65 and wave (x) ended at 22204.6. Wave (y) lower ended at 21710.54 which completed wave ((ii)) in higher degree.

The Index has turned higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 22080.95 and pullback in wave (ii) ended at 21883.3. Rally in wave (iii) ended at 22529.95 and pullback in wave (iv) ended at 22388.15. Expect the Index to extend higher in wave (v) to complete wave ((iii)). Afterwards, it should pullback in wave ((iv)) before turning higher again in wave ((v)). Near term, as far as pivot at 21710.54 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.

Nifty 45 Minutes Elliott Wave Chart

Attached Image (click to enlarge)

NIFTY Elliott Wave Video

Inserted Video

Source: https://elliottwave-forecast.com/new...e-find-buyers/
Get 14 days Trial --> Click Here

Gold Miners ETF (GDX) Extending Higher in Impulsive Structure

Short Term Elliott Wave view in Gold Miners ETF (GDX) suggests rally from 2.29.2024 low is in progress as a 5 waves impulse structure. Up from 2.29.2024 low, wave ((i)) ended at 30.48 and pullback in wave ((ii)) ended at 28.91. Internal subdivision of wave ((ii)) unfolded as a zigzag structure. Down from wave ((i)), wave (a) ended at 29.71 and wave (b) ended at 30.08. Wave (c) lower ended at 28.91 which completed wave ((ii)). The ETF then resumed higher in wave ((iii)) with subdivision as an impulsive structure.
Up from wave ((ii)), wave (i) ended at 30.9 and dips in wave (ii) ended at 29.53. The Index extends higher in wave (iii). Up from wave (ii), wave i ended at 30.39 and pullback in wave ii ended at 29.79. Wave iii higher ended at 32.69 and wave iv pullback ended at 31.71. Expect wave v of (iii) to end soon, then it should pullback in wave (iv) before the ETF extends higher again in wave (v) to complete wave ((iii)). Near term, as far as pivot at 29.53 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.

GDX 45 Minutes Elliott Wave Chart

Attached Image (click to enlarge)

GDX Elliott Wave Video

Inserted Video

Source: https://elliottwave-forecast.com/new...ive-structure/
Get 14 days Trial --> Click Here

NASDAQ Futures (NQ_F) Is Giving Us a Bounce from the Buying Zone
April 3, 2024 By EWF Vlada
Hello fellow traders. As our members know , NASDAQ has recently given us plenty of positive buying setups. In this article we’re going to present Elliott Wave charts of NQ_F published in the members area of the website. NASDAQ made a clear 3 waves pull back that has unfolded as Elliott Wave Double Three pattern. It made clear 3 waves down from the February 23rd 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.
NASDAQ Elliott Wave 1 Hour Asia Chart 04.02.2024
The current view indicates that the intraday pullback is still in progress. We assume that the correction is unfolding as an Elliott Wave Double Three pattern with wxy red labeling. The price structure remains incomplete at the moment, suggesting further downside towards the 18322-18138.2 Blue Box Buying Zone. We don’t recommend selling NASDAQ; instead, we prefer positioning ourselves on the long side from the Blue Box area. Once NQ_F reaches our designated buying zone, we expect an influx of buyers, potentially resulting in a rally towards new highs or a 3-wave bounce.
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.


NASDAQ Elliott Wave 1 Hour Chart 04.02.2024
The futures have experienced a drop and have reached our buying zone, the Blue Box: 18322-18138.2. We are entering long positions within the Blue Box against the marked invalidation level. As the main trend is bullish, we expect to see at least a 3-wave bounce from the Blue Box. As soon as the price hits the 50 fibs against the x red connector, we will make positions risk-free and set stop loss at breakeven. A break below the 1.618 Fibonacci extension level, 18138.2, would invalidate the trade.
NASDAQ Elliott Wave 1 Hour Chart 04.02.2024
The NASDAQ futures has found buyers as expected and is showing a very good reaction from the Blue Box Area. We count the pullback (ii) blue completed at the 17828 low. Consequently, any long positions should now be risk-free. We are anticipating a break of the (iii) blue peak to confirm that the 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
Thank you for exploring our Trading Setup of NQ_F with us. While we provide insights on 78 instruments, it’s important to note that not every chart is a trading recommendation. For our official trading recommendations, join us in our Live Trading Room where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-Day Trial now to access new trading opportunities.
Over time, we’ve honed a reputable trading strategy that accurately defines entry, stop loss, and take profit levels. By joining us, you’ll have the opportunity to learn from market experts and improve your trading skills.
Join us today !
Elevate your trading with Elliott Wave Forecast!
Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.
Gain exclusive access to our Official Trading Recommendations in the Live Trading Room, where seasoned experts provide valuable insights and guidance on new trading opportunities.
For just $9.99, unlock a wealth of knowledge and experience with our 14-day Trial. Experience firsthand our proven trading strategy, which accurately defines Entry, Stop Loss, and Take Profit levels, empowering you to make informed decisions with confidence.
Ready to take the next step? Sign up now and seize the opportunity to enhance your trading performance. Click here to start your Trial today!
Source:https://elliottwave-forecast.com/sto...e-buying-zone/

SPX E-Mini (ES_F) Elliott Wave: Unveiling the Blue Box Buying Strategy
April 4, 2024 By EWF Vlada
Hello fellow traders,
In this technical article, we are excited to present another recent Elliott Wave trading setup. Our focus is on the SPX E-Mini (ES_F) futures, which have recently given us a clear three-wave pullback, unfolded as an Elliott Wave Zig Zag pattern. Notably, ES_F completed this correction precisely at the Equal Legs zone, commonly referred to as the Blue Box Area. In the following sections, we will delve into the specifics of the Elliott Wave pattern observed and discuss the corresponding trading setup in detail.
ES_F Elliott Wave 1 Hour London Chart 04.02.2024
The decline from the peak looks like a 5-wave structure, suggesting that the pullback is still underway. We assume that the correction is unfolding as an Elliott Wave Zig Zag, awaiting confirmation of another leg down (c) of ((ii)) ideally. We do not recommend selling ES_F ; instead, we prefer positioning ourselves on the long side if an opportunity arises.


ES_F Elliott Wave 1 Hour Midday Chart 04.02.2024
We’ve seen another leg down as expected. The price has hit our target area, the blue box zone at 5248.69-5216.4. We’re entering long positions within the Blue Box. As the main trend remains bullish, we anticipate at least a 3-wave bounce from this area. Once the price touches the 50 fibs against the (b) blue connector, we’ll make positions risk-free and set the stop loss at breakeven and book partial profits. Breaking below the 1.618 Fibonacci extension level at 5216.4 would invalidate the trade.
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.


ES_F Elliott Wave 1 Hour Asia Chart 04.04.2024
ES_F has found buyers and is showing a nice reaction from the Buying Zone. We count the pullback ((iv)) black as completed at the 5235 low. Consequently, long positions should now be risk-free. We are anticipating a break of the ((iii)) black peak to confirm that the next leg up is in progress. Alternatively, if the price breaks below 5235 low, the futures will open up the possibility for a 7-swing pattern. In that case, long positions will be stopped out, and we will look to buy the dips again at the next set of equal legs.
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
Thank you for exploring our Trading Setup of NQ_F with us. While we provide insights on 78 instruments, it’s important to note that not every chart is a trading recommendation. For our official trading recommendations, join us in our Live Trading Room where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-Day Trial now to access new trading opportunities.
Over time, we’ve honed a reputable trading strategy that accurately defines entry, stop loss, and take profit levels. By joining us, you’ll have the opportunity to learn from market experts and improve your trading skills.
Join us today !
Elevate your trading with Elliott Wave Forecast!
Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.
Gain exclusive access to our Official Trading Recommendations in the Live Trading Room, where seasoned experts provide valuable insights and guidance on new trading opportunities.
For just $9.99, unlock a wealth of knowledge and experience with our 14-day Trial. Experience firsthand our proven trading strategy, which accurately defines Entry, Stop Loss, and Take Profit levels, empowering you to make informed decisions with confidence.
Ready to take the next step? Sign up now and seize the opportunity to enhance your trading performance. Click here to start your Trial today!
Source:https://elliottwave-forecast.com/sto...wave-blue-box/

Bank of America (BAC) Near Support Area
Elliott Wave Structure in Bank of America (BAC) shows incomplete bullish sequence from 10.27.2023 low favoring further upside. Short Term, rally from 1.17.2024 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from there, wave (1) ended at 35.1 and dips in wave (2) ended at 32.35. The stock extends higher again in wave (3). Up from wave (2), wave 1 ended at 36.45 and pullback in wave 2 ended at 35.24. The stock extended higher again in wave 3 towards 37.64 and pullback in wave 4 ended at 36.8. Final leg wave 5 ended at 38.35 which completed wave (3).
The stock is now pulling back in wave (4) with internal subdivision as a zigzag structure. Down from wave (3), wave A ended at 37 and rally in wave B ended at 38.02. Wave C lower is in progress and can see further downside as a 5 waves. Down from wave B, wave ((i)) ended at 37.25 and wave ((ii)) ended at 37.96. Wave C target can reach 100% – 161.8% Fibonacci extension of wave A. This area comes at 35.85 -36.68. From this area, the stock can see buyers for further upside or 3 waves rally at least.
BAC 45 Minutes Elliott Wave Chart


BAC Elliott Wave Video

USDNOK Found Sellers After Elliott Wave Double Three
April 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 USDNOK published in members area of the website. As our members know USDNOK has recently made recovery that has unfolded as Elliott Wave Double Three Pattern. It made clear 7 swings from the December 27th low and completed correction right at the Equal Legs level. In further text we’re going to explain the Elliott Wave pattern and forecast
Before we take a look at the real market example, let’s explain Elliott Wave Double Three pattern.
Elliott Wave Double Three Pattern
Double three is the common pattern in the market , also known as 7 swing structure. It’s a reliable pattern which is giving us good trading entries with clearly defined invalidation levels.
The picture below presents what Elliott Wave Double Three pattern looks like. It has (W),(X),(Y) labeling and 3,3,3 inner structure, which means all of these 3 legs are corrective sequences. Each (W) and (Y) are made of 3 swings , they’re having A,B,C structure in lower degree, or alternatively they can have W,X,Y labeling.


USDNOK 4 Hour Elliott Wave Analysis 03.28.2024
The current view suggests that USDNOK is trading within the cycle from the December 27th low, correcting the cycle from the 11.273 peak. The structure shows incomplete sequences of higher highs, suggesting that the red X connector may still be in progress toward the 1.9734-11.1315 area potentially. Upon closer examination, we can observe that the first leg ((w)) black formed with 3 waves. Subsequently, the ((x)) connector also completed 3 waves, around the 61.8% Fibonacci Retracement zone. This suggests that the red X recovery is unfolding as an Elliott Wave Double Three Pattern.
You can learn more about Elliott Wave Double Three Patterns at our Free Elliott Wave Educational Web Page.


USDNOK 4 Hour Elliott Wave Analysis 04.04.2024
USDNOK extended upward and reached the extreme zone. The pair found sellers precisely at the equal legs zone at 10.9734 and made nice downward reaction from that point. The decline from the peak appears to consist of 5 waves, which raises the likelihood that the cycle is complete, and we may witness only a short-term bounce in (ii) blue before further extension lower resumes.
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
Thank you for exploring our Trading Setup of NQ_F with us. While we provide insights on 78 instruments, it’s important to note that not every chart is a trading recommendation. For our official trading recommendations, join us in our Live Trading Room where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-Day Trial now to access new trading opportunities.
Over time, we’ve honed a reputable trading strategy that accurately defines entry, stop loss, and take profit levels. By joining us, you’ll have the opportunity to learn from market experts and improve your trading skills.
Join us today !
Elevate your trading with Elliott Wave Forecast!
Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.
Gain exclusive access to our Official Trading Recommendations in the Live Trading Room, where seasoned experts provide valuable insights and guidance on new trading opportunities.
For just $9.99, unlock a wealth of knowledge and experience with our 14-day Trial. Experience firsthand our proven trading strategy, which accurately defines Entry, Stop Loss, and Take Profit levels, empowering you to make informed decisions with confidence.
Ready to take the next step? Sign up now and seize the opportunity to enhance your trading performance. Click here to start your Trial today!
Source:https://elliottwave-forecast.com/for...ual-legs-area/

XLI Elliott Wave: Buying the Dips at the Blue Box Area
April 8, 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 XLI is showing impulsive bullish structure in the cycle from the 109.9 and we have been favoring the long side of the ETF. Recently, we experienced a pullback consisting of three clear waves, which found buyers right at our buying zone (blue box). In the following text, we’ll delve into the Elliott Wave forecast and trading setup.
XLI H1 Post-Market Update 04.05.2024
The current view suggests that XLI is undergoing a wave ((iv)) correction. The pullback has reached an extreme zone within the 123.74-122.11 area, also known as the Blue Box. We acknowledge that the pullback could conclude at any moment. Therefore, we are initiating long positions within the Blue Box. Given the prevailing bullish trend, we anticipate at least a three-wave bounce from this area. Once the price touches the 50% Fibonacci retracement level against the (b) blue connector, we will secure positions, setting the stop loss at breakeven and booking partial profits. However, it’s important to note that breaking below the 1.618 Fibonacci extension level at 122.11 would invalidate the trade. We advise against selling the ETF and anticipate a further rally to resume from the buyer’s zone at 123.74-122.11.
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.


XLI H1 Weekend Update 04.07.2024
XLI has given us a nice reaction from the buying zone as expected. The bounce reached and exceeded 50% Fibonacci retracement against the (b) blue high, so we consider wave ((iv)) black completed at the 123.61 low. Consequently, long positions should now be risk-free, and partial profits should be saved. We anticipate a break of the ((iii)) black peak to confirm that the next leg up is in progress. Alternatively, if the price breaks below the 123.61 low, the ETF will open up the possibility for a 7-swing pattern. In that case, long positions will be stopped out, and we will look to buy the dips again at the next set of equal legs.
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
Thank you for exploring our Trading Setup of NQ_F with us. While we provide insights on 78 instruments, it’s important to note that not every chart is a trading recommendation. For our official trading recommendations, join us in our Live Trading Room where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-Day Trial now to access new trading opportunities.
Over time, we’ve honed a reputable trading strategy that accurately defines entry, stop loss, and take profit levels. By joining us, you’ll have the opportunity to learn from market experts and improve your trading skills.
Join us today !
Elevate your trading with Elliott Wave Forecast!
Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.
Gain exclusive access to our Official Trading Recommendations in the Live Trading Room, where seasoned experts provide valuable insights and guidance on new trading opportunities.
For just $9.99, unlock a wealth of knowledge and experience with our 14-day Trial. Experience firsthand our proven trading strategy, which accurately defines Entry, Stop Loss, and Take Profit levels, empowering you to make informed decisions with confidence.
Ready to take the next step? Sign up now and seize the opportunity to enhance your trading performance. Click here to start your Trial today!
Source:https://elliottwave-forecast.com/tra...uying-lue-box/

Apple (AAPL) Pullback in Progress

Short Term Elliott Wave structure in Apple ($AAPL) suggests that the stock is correcting cycle from 1.3.2023 low in wave II. The rally to 199.62 on December 14, 2023 high ended wave I. Pullback in wave II is in progress as a zigzag structure. Down from December 14, wave ((A)) ended at 180.17 and rally in wave ((B)) ended at 196.38. Down from wave ((B)), wave (1) ended at 180.17 and wave (2) ended at 196.38. Wave (3) lower ended at 167.35 and wave (4) rally ended at 178.68 as the 1 hour chart below shows.

The stock extended lower in wave (4) with internal subdivision as a 5 waves diagonal. Down from wave (4), wave 1 ended at 169.45 and wave 2 ended at 173.69. The stock then extended lower in wave 3 towards 168.23. Rally in wave 4 ended at 171.92. Expect the stock to extend a few more lows to complete wave 5 of (5). This should also end wave ((C)) of II in higher degree. Afterwards, the stock can then turn higher. Near term, as far as pivot at 178.68 high stays intact, expect the stock to continue lower to resume the correction within wave II.

Apple (AAPL) 60 Minutes Elliott Wave Chart

Attached Image (click to enlarge)

AAPL Elliott Wave Video

Inserted Video

Source: https://elliottwave-forecast.com/new...back-progress/
Get 14 days Trial --> Click Here

LLY Should Provide Opportunity In Few Weeks
April 9, 2024 By EWFRaj
Eli Lilly & Company (LLY) discovers, develops & markets human pharmaceuticals worldwide. It is having around 739 B market cap as on 8-April-2024. It is based in Indianapolis, Indiana, US, comes under Healthcare sector & trades as “LLY” ticket at NYSE.
As showing in the previous article from 2.19.2024, LLY expect to resume higher in (3) towards $869.49 or higher levels. It expects to remain supported in 3, 7 or 11 swings pullback to resume rally in ((3)).
LLY – Elliott Wave Latest Weekly View:

In Weekly sequence, it finished II of (III) at $101.36 low in October-2019. It favors higher in third wave extension as (3) of ((3)) of III towards $869.49 or higher levels. It placed ((1)) at $375.25 high in December-2022 & ((2)) at $309.20 low in March-2023. Within ((1)), it finished (1) at $170.75 as diagonal structure & (2) at $129.21 low as 0.618 Fibonacci retracement. It placed (3) at $335.33 high, (4) at $296.32 low & (5) at $375.25 high.
LLY – Elliott Wave View From 2.19.2024:

Above ((2)) low, it ended (1) of ((3)) at $629.97 high & (2) at $547.61 low as 0.236 Fibonacci retracement. Above (2) low, it favors upside in 3 of (3) & expect one more push higher to finish 3 above $800.78 before it may pullback in 4. We like to buy the pullback in 3, 7 or 11 swings correction at extreme areas, while dips remain above rising price trendline.
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...rtunity-weeks/

SPX E-Mini (ES_F) Elliott Wave: Another Buying Setup
April 9, 2024 By EWF Vlada
Hello fellow traders,
As our members know we have had many profitable trading setups in Indies recently. In this technical article, we are going to present another Elliott Wave trading setup we got in SPX E-Mini (ES_F) . The futures has extended pull back, giving us another buying opportunity., ES_F completed this correction precisely at the Equal Legs zone, referred to as the Blue Box Area. In the following sections, we will delve into the specifics of the Elliott Wave pattern observed and discuss the corresponding trading setup in detail.
ES_F Elliott Wave 1 Hour Asia Chart 04.05.2024
Current view suggests ES_F are undergoing ((iv)) black correction. The price has reached a new extreme zone at 5205.5-5144.21, where we would like to be buyers again.
We’re entering long positions within the Blue Box. As the main trend remains bullish, we anticipate at least a 3-wave bounce from this area. Once the price touches the 50 fibs against the (b) blue connector, we’ll make positions risk-free and set the stop loss at breakeven and book partial profits. Breaking below the 1.618 Fibonacci extension level at 5144.21 would invalidate the trade.
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.


ES_F Elliott Wave 1 Hour Asia Chart 04.09.2024
The future has found buyers as expected and is showing a decent bounce from the Buying Zone. We count the pullback ((iv)) black as completed at the 5191.37 low. Consequently, long positions should now be risk-free. We’ve set our stop loss at breakeven and have already secured partial profits. Now, we would like to see a break of the ((iii)) black peak to confirm that the next leg up is in progress. Alternatively, if the price breaks below 5191.37 low, the futures will open up the possibility for a deeper pullback. In that case, long positions will be stopped out, and we will look to buy the dips again at the next set of equal legs.
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.


Join us today !
Elevate your trading with Elliott Wave Forecast!
Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.
Gain exclusive access to our Official Trading Recommendations in the Live Trading Room, where seasoned experts provide valuable insights and guidance on new trading opportunities.
For just $9.99, unlock a wealth of knowledge and experience with our 14-day Trial. Experience firsthand our proven trading strategy, which accurately defines Entry, Stop Loss, and Take Profit levels, empowering you to make informed decisions with confidence.
Ready to take the next step? Sign up now and seize the opportunity to enhance your trading performance. Click here to start your Trial today!
Source:https://elliottwave-forecast.com/tra...tt-wave-setup/

SPX Perfect Buying Opportunity At The Blue Box Area
April 9, 2024 By Hassan Sheikh
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of SPX. We presented to members at the elliottwave-forecast. In which, the rally from the 05 January 2024 low unfolded as an impulse structure and showed a bullish sequence. Suggested that the index should see more upside extension to complete the impulse sequence. 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:
SPX 1-Hour Elliott Wave Chart From 4.05.2024


Here’s the 1-hour Elliott wave chart from the 4/05/2024 Asia update. In which, the short-term cycle from the 1/17/2024 low ended in wave ((iii)) as impulse at $5264.85 high. Down from there, the index made a pullback in wave ((iv)) to correct that cycle. The internals of that pullback unfolded as Elliott wave zigzag structure where wave (a) ended at $5186.71 low. Wave (b) bounce ended at $5256.59 high and wave (c) managed to reach the blue box area at $5178.54- $5130.35. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.
SPX Latest 1-Hour Elliott Wave Chart 4.09.2024


This is the latest 1-hour Elliott wave Chart from the 4/09/2024 Asia update. In which the index 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 $5264.85 high is still needed to confirm the next extension higher towards $5292- $5338 area higher and avoid double correction lower.
If you are looking for real-time analysis in SPX along with the other indices 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...nity-blue-box/

S&P 500 E-Mini (ES_F) Still Needs Validation for the Next Leg Higher

S&P 500 E-Mini Futures rallies in an impulse structure from 10.27.2023 low. Up from there, wave 1 ended at 4607.75 and pullback in wave 2 ended at 4548.75. The Index then extended higher in wave 3 towards 5333.5 as the 1 hour chart below shows. Pullback in wave 4 unfolded as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 5235 and rally in wave ((b)) ended at 5308.50. Index then turned lower in wave ((c)) towards 5191.37 which completed wave 4 in higher degree.

The Index has turned higher in wave 5, but it still needs validation by breaking above wave 3 at 5333.5 to rule out a double correction. Up from wave 4, wave (i) ended at 5272.50. Pullback in wave (ii) unfolded as an expanded flat where wave a ended at 5236.5 and wave b ended at 5274.25. Wave c lower ended at 5208.25 which completed wave (ii). Near term, as far as pivot at 5191.37 low, expect pullback to find support in 3, 7, or 11 swing for further upside. If it breaks below 5191.37, then the Index would do a double zigzag and should see support at the next extreme area.

ES_F 60 Minutes Elliott Wave Chart

Attached Image (click to enlarge)

S&P 500 E-Mini (ES_F) Elliott Wave Video

Inserted Video

Source: https://elliottwave-forecast.com/new...xt-leg-higher/
Get 14 days Trial --> Click Here

DAX Looking to do Double Correction

Cycle from 10.23.20223 low in DAX is in progress as an impulse Ellliott Wave structure. Up from there, wave 1 ended at 17003.28 and wave 2 pullback ended at 16345.02. The Index rallied higher again in wave 3 towards 18567.16. Pullback in wave 4 is currently in progress as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 18275.94 and wave (b) ended at 18427.43. Wave (c) lower ended at 18088.03 which completed wave ((w)) in higher degree. Rally in wave ((x)) ended at 18326.37 and the Index has turned lower again.

Down from wave ((x)), wave (w) ended at 18058.22 and wave (x) ended at 18239.50. The Index turns lower again in wave (y). Expect the Index to extend lower to reach the extreme area from 4.2.2024 high towards 17550.24 – 17733.23. This should complete wave (y) of ((y)) of 4. Afterwards, Index should rally from the blue box in wave 5 higher or rally in 3 waves at least. Near term, while below 18328.11, Index may see further downside to the blue box area.

DAX 60 Minutes Elliott Wave Chart

Attached Image (click to enlarge)

DAX Elliott Wave Video

Inserted Video

Source: https://elliottwave-forecast.com/new...le-correction/
Get 14 days Trial --> Click Here

Silver (XAGUSD) Looking to Extend Higher in a Nest

Short term Elliott Wave view in Silver (XAGUSD) suggests that cycle from 3.27.2024 low is ongoing as a 5 waves impulse. Up from 3.27.2024 low, wave (i) ended at 25.38 and pullback in wave (ii) ended at 24.73. The metal extended higher in wave (iii) towards 27.33 and pullback in wave (iv) ended at 26.26. Final leg wave (v) ended at 28.32 which completed wave ((i)). Pullback in wave ((ii)) unfolded as a zigzag structure where wave (a) ended at 27.6. Wave (b) higher ended at 28.28 and wave (c) lower ended at 27.51 which completed wave ((ii)).

The metal has turned higher in wave ((iii)). Up from wave ((ii)), wave i ended at 28.51 and pullback in wave ii ended at 27.73. Expect the metal to continue higher in wave iii, then it should pullback in wave iv before extending higher again in wave v to complete wave (i) of ((v)). Near term, as far as pivot at 27.5 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.

Silver (XAGUSD) 30 Minutes Elliott Wave Chart

Attached Image (click to enlarge)

XAGUSD Elliott Wave Video

Inserted Video

Source: https://elliottwave-forecast.com/new...d-higher-nest/
Get 14 days Trial --> Click Here

EURGBP Elliott Wave : Selling The Rallies at Blue Box Area
April 14, 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 EURGBP published in members area of the website. Our team recommended members to avoid buying , while keep favoring the short side in the pair. Recently we got recovery 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.
EURGBP Elliott Wave 4 Hour Chart 03.23.2024
The pair is correcting the cycle from the 0.87148 peak , giving us 4 red recovery. The price has already reached the extreme zone at 0.85817-0.86330 (Blue Box – sellers zone). So, we are aware that another marginal push up may or may not be seen within the blue box. Alternatively, 4 red can be already completed at the 0.86019 high as Elliott Wave Double Three Pattern. We don’t recommend buying the pair and prefer the short side from the blue box zone. As the main trend is bearish, we expect to see at least 3 waves pullback from our selling zone. Once the decline reaches 50 Fibs against the ((b)) black low, we will make the short position risk-free (put SL at BE) and take partial profits. Invalidation for the short trades is a break above 1.618 fib ext: 0.8633.
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.



EURGBP Elliott Wave 4 Hour Chart 04.13.2024
The pair found sellers at the Blue Box area: 0.85817-0.86330. The recovery completed at the 0.86019 high, and we are receiving a good reaction from the selling zone. The decline reached and exceeded 50 fibs against the connector’s low. So, members who took the short trade are currently enjoying profits in risk-free positions. While below the 0.86019 high, the 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


Elliott Wave Forecast
Thank you for exploring our Trading Setup of EURGBP with us. While we provide insights on 78 instruments, it’s important to note that not every chart is a trading recommendation. For our official trading recommendations, join us in our Live Trading Room where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-Day Trial now to access new trading opportunities.
Over time, we’ve honed a reputable trading strategy that accurately defines entry, stop loss, and take profit levels. By joining us, you’ll have the opportunity to learn from market experts and improve your trading skills.
Join us today !
Elevate your trading with Elliott Wave Forecast!
Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.
Gain exclusive access to our Official Trading Recommendations in the Live Trading Room, where seasoned experts provide valuable insights and guidance on new trading opportunities.
For just $9.99, unlock a wealth of knowledge and experience with our 14-day Trial. Experience firsthand our proven trading strategy, which accurately defines Entry, Stop Loss, and Take Profit levels, empowering you to make informed decisions with confidence.
Ready to take the next step? Sign up now and seize the opportunity to enhance your trading performance. Click here to start your Trial today!
Source:https://elliottwave-forecast.com/tra...blue-box-area/

Silver Miners ETF (SIL) Has Turned Higher
April 15, 2024 By EWFHendra
SIL (Silver Miners ETF) is a financial product designed to mirror the performance of silver mining companies. It offers investors a straightforward way to gain exposure to the silver market without directly purchasing physical silver or individual mining stocks. SIL diversifies risk by spreading investments across multiple companies within the sector, potentially providing a hedge against volatility in silver prices. In this article, we will look at the Elliott Wave outlook for the ETF.
SIL (Silver Miners ETF) Monthly Elliott Wave Chart


Monthly Elliott Wave chart of SIL above shows that wave ((II)) ended at 14.94. This completed the all-time correction in the ETF. From there, it has started to turn higher in a nesting impulse. Up from wave ((II)), wave I ended at 54.34 and dips in wave II ended at 15.61. Wave III higher is in progress as another impulse in lesser degree. Up from wave II, wave ((1)) ended at 52.87 and pullback in wave ((2)) ended at 21.26. Near term, as far as pivot at 15.61 low stays intact, expect the ETF to extend higher.
Silver Miners ETF Daily Elliott Wave Chart


Daily Elliott Wave Chart of Silver Miners ETF (SIL) above shows that it has started the next leg higher after retesting 21.16 low. Up from wave ((2)) low at 21.16, wave 1 ended at 33.24 and dips in wave 2 ended at 22.57. The ETF has turned higher in wave 3. Up from 22.57 low, wave (i) ended at 29.61 and dips in wave (ii) ended at 22.58. Wave (iii) higher ended at 33.47. Near term, as far as pivot at 21.16 low stays intact, expect pullback to find support for further upside.
SIL is not part of our regular service, but we cover Silver, Gold, and other commodities, ETF, Indices, Stock, and Forex. If you’d like to learn more about Elliott Wave or get regular updates, feel free to check our service and take trial here –> 14
Source:https://elliottwave-forecast.com/sto...turned-higher/

Amazon (AMZN) Reaching Inflection Area

Short term Elliott Wave view in Amazon (AMZN) suggests the rally from 10.26.2023 low is unfolding as a 5 waves impulse. Up from 10.26.2023 low, wave (1) ended at 155.63 and pullback in wave (2) ended at 144.05. The stock extended higher in wave (3) which is proposed complete at 189.99 as the 1 hour chart below shows. Wave (4) pullback is currently in progress as a zigzag structure. Once wave (4) is complete, expect the stock to extend higher in wave (5).

Down from wave (3), wave A ended at 185 and rally in wave B ended at 188.69. Wave C lower is expected to complete at the blue box area of 180.59 – 183.68. This can also end wave (4) in higher degree. The stock should then either extend to new high in wave (5) or else at least rally in 3 waves. Please note however that the 23.6 – 38.2% retracement of wave (3) is still lower at 172.2 – 179. Thus, if the pullback is really in wave (4), there’s a chance that the pullback may become a larger double correction or a larger zigzag structure in 3, 7, 11 swing before ending wave (4) and turning higher.

Amazon (AMZN) 60 Minutes Elliott Wave Chart

Attached Image (click to enlarge)

AMZN Elliott Wave Video

Inserted Video

Source: https://elliottwave-forecast.com/new...flection-area/
Get 14 days Trial --> Click Here

Bank of America ( $BAC) Found Buyers at the Blue Box Area as Expected.
April 15, 2024 By EWFTaha
Hello everyone. In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of Bank of America Corp. ($BAC). The rally from 1.17.2024 low at $31.28 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:
7 Swings WXY correction


$BAC 1H Elliott Wave Chart 4.11.2024:
Here is the 1H Elliott Wave count from 4.11.2024. We expected the pullback to find buyers at the blue box area at 36.26 – 35.25 in 7 swings.
$BAC 1H Elliott Wave Chart 4.15.2024:
Here is the latest 1H update from 4.15.2024 showing the bounce taking place as expected. The stock has reacted higher from the blue box area allowing longs to get risk free. The stock is expected to remain supported with a target area towards $39 – 40 before another pullback can happen.

Elliott Wave Forecast
We cover 78 instruments, but not every chart is a trading recommendation. We present Official Trading Recommendations in the Live Trading Room. If not a member yet, Sign Up for Free 14 days Trial now and get access to new trading opportunities.
Welcome to Elliott Wave Forecast!
Source:https://elliottwave-forecast.com/sto...area-expected/

ONEOK Inc (OKE) Should Remain Supported In Bullish Sequence
April 16, 2024 By EWFRaj
ONEOK Inc. (OKE), engages in gathering, processing, fractionation, storage, transportation & marketing of natural gas & natural gas liquids in the United States. It operates through Natural gas gathering & processing, Natural gas liquids & Natural gas pipelines segments & Refined products & Crude. The company is based in Tulsa, Oklahoma, comes under Energy sector & trades as “OKE” ticker at NYSE.
OKE – Elliott Wave Latest Weekly View:

OKE is trading at all time high, favoring upside in I of (III) as broke above $78.48 high. Above $50.50 low of (II), it expects further upside as the part of impulse sequence as (3) of ((3)) of I. In Weekly sequence, it ended ((II)) at $12.16 in March-2020 low. Above there, it favors upside in (III) of ((III)) as it breaks to new high. It placed (I) of ((III)) at $75.07 high in April-2022 & (II) at $50.50 low as double correction. (II) correction was 0.382 Fibonacci retracement of (I) & missed to reach the extreme areas in y.
OKE – Elliott Wave Latest Daily View:

Above (II) low, it placed ((1)) of I at $71.57 high & ((2)) at $55.91 low as 0.764 Fibonacci retracement. It placed (2) of ((3)) at $60.58 low & broke to new high above (I) as the part of (3) of ((3)). It placed 1 of (3) at $72.52 high as diagonal structure, 2 at $67.05 low & 3 of (3) at $80.81 high. Currently, it favors pullback in 4 & should correct towards $77.61 – $75.59 area before it may resume rally in 5 of (3). We like to buy the pullback in clear 3, 7 or 11 swings correction at extreme areas, while dips remain above $67.05 low.
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/

AUDJPY Elliott Wave: Forecasting the Path
April 16, 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 AUDJPY Forex pair, published in members area of the website. As our members know we have been favoring the long side in YEN pairs. 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
AUDJPY H4 Weekend Update 04.13.2024
AUDJPY ended cycle from the 96.8676 low and now correcting it. Current view suggests wave 4 red pull back can be unfolding as Elliott Wave Zig Zag Pattern. The Equal legs area is already reached at 98.799-98.460. We are aware that pull back can complete any moment. We don’t recommend selling the pair and expect further rally to resume from the buyers zone : 98.799-98.460.
Reminder : You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page.


AUDJPY H1 Midday Update 04.15.2024
AUDJPY has given us a nice reaction from the Equal Legs zone as expected. The bounce reached and exceeded 50% Fibonacci retracement against the ((b)) high, so we consider wave 4 red completed at the 98.7 low. We anticipate a break of the 3 red peak to confirm that the next leg up is in progress. Alternatively, if the price breaks below the 98.7 low, the pair will open up the possibility for a 7-swing pattern toward 97.963-97.476 area. In that case, any long positions will be stopped out at Break Even, and we will look to buy the dips again at the next set of equal legs.
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
Thank you for exploring our Trading Forecast of AUDJPY with us. While we provide insights on 78 instruments, it’s important to note that not every chart is a trading recommendation. For our official trading recommendations, join us in our Live Trading Room where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-Day Trial now to access new trading opportunities.
Over time, we’ve honed a reputable trading strategy that accurately defines entry, stop loss, and take profit levels. By joining us, you’ll have the opportunity to learn from market experts and improve your trading skills.
Join us today !
Elevate your trading with Elliott Wave Forecast!
Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.
Gain exclusive access to our Official Trading Recommendations in the Live Trading Room, where seasoned experts provide valuable insights and guidance on new trading opportunities.
For just $9.99, unlock a wealth of knowledge and experience with our 14-day Trial. Experience firsthand our proven trading strategy, which accurately defines Entry, Stop Loss, and Take Profit levels, empowering you to make informed decisions with confidence.
Ready to take the next step? Sign up now and seize the opportunity to enhance your trading performance. Click here to start your Trial today!
Source:https://elliottwave-forecast.com/for...ecasting-path/