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

SuperVerse $SUPER New Investment Opportunity
April 16, 2024 By EWFAyoub
SuperVerse $SUPER is building and delivering Web3 products that empower crypto natives with next-generation NFT functionality, and onboard Web2 users through immersive blockchain gaming experiences. In today’s article, we’ll take a look at the recent daily bullish setup that took place and explore the potential path based on the Elliott Wave Theory.
$SUPER rallied within an impulsive 5 waves advance since October 2023 and it reached a high of $1.6 on the 7th of March 2024 marking an impressive 2140% advance in wave ((1)). Down from there, the token faced a 56% decline within a corrective 7 swings structure ( Double Three ) in wave ((2)). The correction to the downside reached the extreme blue box area at equal legs $0.83 – $0.48 and it provided buyers with a good investment entry for a potential higher target in wave ((3)).
As we can see in the following chart, $SUPER has already reacted from the blue boxe area which is a High-frequency area where the market is likely to end cycles and make a turn. The daily bullish structure is suggesting more upside to follow when the trend resumes and we expect the token to remain supported in 3, 7 or 11 swings during pullbacks.
$SUPER Daily Chart 4.16.2024


Setup Recap
-Time Frame : Daily
-Entry Area : $0.83 – $0.69
-Invalidation Condition : Daily Close below $0.5
-Targets / Ratio : Target 1 $2.2 (3.55 RR) – Target 2 $3.1 (5.88RR) – Target 3 $5.6 (12.3RR)

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Source:https://elliottwave-forecast.com/cry...t-opportunity/

CADJPY Elliott Wave : Forecasting the Rally After 3 Waves Pull Back
April 16, 2024 By EWF Vlada
In this technical blog we’re going to take a quick look at the Elliott Wave charts of CADJPY , published in members area of the website. As our members know we are favoring the long side in YEN pairs. Recently the pair has given us 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.
CADJPY H4 Weekend Update 04.13.2024
CADJPY is giving us 4 red pullback against the 108.653 low. The current outlook indicates that the pullback may be evolving as an Elliott Wave Expanded Flat pattern. It’s crucial to observe that the extreme zone has already been reached at 111.168-110.358. We anticipate buyers to emerge in this area, potentially driving a further rally towards new highs or at least generating a three-wave bounce.
Reminder : You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page.


CADJPY H4 Update 04.13.2024
CADJPY has given us a nice reaction from the Equal Legs-Buyers zone as expected. We count wave 4 red pullback completed at the 110.854 low. Now, we would like to see a break of the 3 red peak to confirm that the next leg up is in progress. We don’t recommend selling the pair in any proposed pullback, and favor the long side.
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 CADJPY 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 !
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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.
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Source:https://elliottwave-forecast.com/for...casting-rally/

Nikkei (NKD) Has Reached Support Zone

Short term Elliott Wave view in Nikkei Futures (NKD) suggests that rally to 40960 ended wave 3. Pullback in wave 4 is currently in progress as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 40025 and wave (b) ended at 40805. Wave (c) lower ended at 39285 and this completed wave ((w)) in higher degree. The Index then bounced in wave ((x)) which ended at 40324 as the 1 hour chart below shows.

The Index extended lower in wave ((y)). Internal subdivision of wave ((y)) is unfolding as a zigzag structure. Down from wave ((x)), wave (a) ended at 38815 and wave (b) ended at 39995. Wave (c) lower is in progress as a 5 waves. Down from wave (b), wave i ended at 38830 and wave ii ended at 39540. Wave iii lower ended at 38335 and wave iv ended at 38695. Expect the Index to soon end wave v of (c) of ((y)). This should complete wave 4 in higher degree as well. Afterwards, the Index should extend higher or turn higher in 3 waves at least. The support area comes at 37582 – 38626 blue box area where the Index may potentially find buyers.

Nikkei (NKD) 60 Minutes Elliott Wave Chart

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NKD Elliott Wave Video

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Source: https://elliottwave-forecast.com/new...-support-zone/
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NVDA Reacting Higher After Ending A-B-C Correction
April 16, 2024 By Hassan Sheikh
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of NVDA. We presented to members at the elliottwave-forecast. In which, the rally from 03 January 2024 low unfolded as an impulse structure and showed a higher high sequence favored more upside 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:
NVDDA 4-Hour Elliott Wave Chart From 4.04.2024


Here’s the 4hr Elliott wave chart from the 9/20/2023 update. In which, the cycle from the 1/03/2024 low ended in wave ((3)) as an impulse structure at $974 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 double three structure where wave (W) ended at $841.66 low. Wave (X) bounce ended at $967.66 high and wave (Y) managed to reach the blue box area at $834.76- $752.75. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.
NVDA Latest 4-Hour Elliott Wave Chart From 4.15.2024


This is the latest 4hr Elliott wave Chart from the 4/15/2024 update. In which the stock 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 $974 high is still needed to confirm the next extension higher & avoid a double correction lower.
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Source:https://elliottwave-forecast.com/sto...-c-correction/

EURJPY Found Buyers After 3 Waves Pull Back
April 17, 2024 By EWF Vlada
Greetings fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of EURJPY, published in members area of the website. As many of you already know, we’ve been leaning towards long positions in YEN pairs. EURJPY recently pulled back in a 3-wave pattern, with buyers stepping in right at the equal legs zone. Let’s break down our Elliott Wave forecast further in this article.
EURJPY H4 Weekend Update 04.13.2024
The current view suggests that the EURJPY pair is undergoing a 4 red pullback, which is correcting the cycle from the 160.229 low. This pullback appears to be forming an Elliott Wave Flat pattern. Notably, the price has already reached the extreme zone within the range of 162.397-160.685. We anticipate potential buyer activity in this area, which could lead to a further rally towards new highs, or at the very least, trigger a three-wave bounce.
Reminder : You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page.


EURJPY H4 Update 04.16.2024
EURJPY has shown a favorable response from the Equal Legs-Buyers zone, as anticipated. We consider the wave 4 red pullback completed at the 162.2428 low. Confirmation of the next leg up will come with a break of the 3 red peak. We advise against selling the pair during any suggested pullback and favor the long side.
Remember, the market is dynamic, and the presented view may have changed in the meantime. For the most recent charts and target levels, please refer to the membership area of the site. The best instruments to trade are those with incomplete bullish or bearish swing sequences. We put them in Sequence Report and best among them are presented 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 EURJPY 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...uyers-3-waves/

Elliott Wave Theory Suggests EURJPY Remains Bullish

Short term Elliott Wave view in EURJPY suggests that rally to 165.35 ended wave 3. Wave 4 pullback unfolded as a double three Elliott Wave structure. Down from wave 3, wave ((w)) ended at 162.59 and wave ((x)) ended at 165.17. Down from there, wave (w) ended at 163.85 and wave (x) ended at 164.69. Wave (y) lower ended at 162.26 which completed wave ((y)) of 4 in higher degree. Pair has turned higher in wave 5.

Up from wave 4, wave (i) ended at 163.15 and wave (ii) dips ended at 162.62. Wave (iii) higher ended at 164.12, wave (iv) ended at 163.79, and wave (v) ended at 164.43 which complete wave ((i)). Pair then pullback in wave ((ii)) towards 163.6. Pair has resumed higher again afterwards in wave ((iii)). Up from wave ((ii)), wave i ended at 164.25 and wave ii ended at 163.66. Wave iii ended at 164.67 and wave iv ended at 163.69. Expect wave v to end soon which should complete wave (i). Pair should then pullback in wave (ii) to correct cycle from 4.15.2024 low before it resumes higher. Near term, as far as pivot at 162.26 low stays intact, expect pair to find buyers in any dip in 3, 7, 11 swing for further upside.

EURJPY 45 Minutes Elliott Wave Chart

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EURJPY Elliott Wave Video

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Source: https://elliottwave-forecast.com/new...mains-bullish/
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Chainlink $LINK Getting Ready For The Next Daily Move
April 18, 2024 By EWFAyoub
Chainlink $LINK a cryptocurrency and technology platform that enables non-blockchain enterprises to securely connect with blockchain platforms. It’s acting as a bridge between the real world and the crypto universe to facilitate the connection between the two. In today’s article, we’ll dive into the daily cycle taking place and explore the potential path based on the Elliott Wave Theory.
Since June 2023, $LINK rallied 369% within an impulsive 5 waves advance to finish wave ((1)) on March 2024. This rally marked the start of a new bullish cycle to the upside and currently a wave ((2)) is in progress to correct the first leg before the cycle resume the move higher.
The correction in wave ((2)) is unfolding as a 3 waves ZigZag structure (A)(B)(C) and it reached the equal legs area within the blue box at $14 – $10. That extreme area is where we expect the coin the end the decline and start the next leg to the upside or at least react higher within a 3 waves bounce.
The daily bullish structure since 2023 is suggesting that $LINK should remain supported in 3, 7 or 11 swings during pullbacks and it would provide investors with good investment opportunity for a potential higher target in wave ((3)).
$LINK Daily Chart 4.18.2024




Setup Recap
-Time Frame : Daily
-Entry Area : $13 – $10
-Invalidation Condition : Daily Close below $9.5
-Targets / Ratio : Target 1 at $29 (4.57 RR) – Target 2 at $41 (8 RR) – Target 3 at $70 (16.2 RR)

Explore a variety of Crypto investing ideasby trying out our services 14 days and learning how to trade our blue boxes using the 3, 7 or 11 swings sequence. You will get access to our 78 instruments updated in 4 different time frames, Live Trading & Analysis Session done by our Expert Analysts every day, 24-hour chat room support and much more.
Source:https://elliottwave-forecast.com/cry...k-buying-area/

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https://elliottwave-forecast.com/elliott-wave-book/
#Forex #Commodities #Indices #Stocks #ETFs #Cryptocurrencies #Trading

Forecast with Elliott Wave Technique Calling EURUSD to Extend Lower

Short term Elliott Wave view in EURUSD suggests that cycle from 12.28.2023 high is in progress as a zigzag Elliott Wave structure. Down from 12.28.2023 high, wave A ended at 1.0694 and rally in wave B ended at 1.098. Wave C lower is in progress as a 5 waves impulse Elliott Wave structure. Down from wave B, wave ((i)) ended at 1.072 and rally in wave ((ii)) ended at 1.0885. Pair extends lower in wave ((iii)) with internal subdivision as another 5 waves in lesser degree. Down from wave ((ii)), wave (i) ended at 1.0846 and wave (ii) ended at 1.0866.

Wave (iii) lower ended at 1.071 and rally in wave (iv) ended at 1.0756. Final wave (v) lower ended at 1.06 which completed wave ((iii)). Wave ((iv)) rally is unfolding as an expanded Flat structure. Up from wave ((iii)), wave (a) ended at 1.065 and dips in wave (b) ended at 1.06. Wave (c) higher ended at 1.069 which completed wave ((iv)). Pair then extends lower again in wave ((v)). While below 1.069, expect pair to extend lower in wave ((v)) to complete wave C of (2) before pair turns higher.

EURUSD 60 Minutes Elliott Wave Chart

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EURUSD Elliott Wave Video

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Source: https://elliottwave-forecast.com/new...-extend-lower/
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PAYPAL Elliott Wave Analysis – How Far Will Recovery Go?
April 19, 2024 By EWFSanmi
PayPal Inc. is a leading force in digital finance, transforming online transactions since its inception in 1998. With a reputation for security and user-friendly services, PayPal facilitates seamless global payments for individuals and businesses alike. From peer-to-peer transfers to e-commerce solutions, PayPal remains a trusted name, empowering millions worldwide to transact securely and effortlessly.
PAYPAL Elliott Wave Analysis – Weekly Chart. April 2024


Between July 26, 2021, when PayPal exchanged for $310.16, and October 23, 2023, its stock price plummeted to $50.25. That was over 80% in the red, making it one of the worst-performing stocks on NASDAQ in recent years. However, looking at the chart structure through the prism of the Elliott wave theory, the decline is in the last leg of a corrective cycle that followed a bullish impulse prior. The weekly chart captures this clearly – a bullish impulse to complete wave (I) of the super cycle degree and now a correction for the corresponding wave (II). Price is currently in the cycle degree sub-wave c of (II) as a zigzag correction. Taking a closer look, the price is precisely in wave ((2)) of c of (II) correcting wave ((1)) of the primary degree. This implies that recovery is expected in the coming weeks but should be limited.
PAYPAL Elliott Wave Analysis – Daily Chart. April 2024


The daily timeframe shows the sub-waves of ((2)) from October 27, 2023. The chart shows a path for a double three structure for wave (B) of ((2)). Wave Y is expected to reach at least the equality of W from X (at 55.76) before wave (C) begins upwards. However, if the current dip from March 27, 2024, fails to reach the equal leg, traders should prepare for an alternative scenario as shown below.
PAYPAL Elliott Wave Analysis – Weekly Chart. April 2024. Alternative View


Alternatively, Wave (B) could have been completed on August 2, 2024. Thus, the current surge is part of an impulse rally to complete the wave (C) of ((2)). Provided the current dip does not break below wave B low, this scenario is a solid option.
In conclusion, PayPal is in a medium-term recovery that could continue to the $70-80s region in the coming weeks. However, a few weeks of decline could precede the rally. Overall, the long-term corrective bearish cycle should resume after this recovery.
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Source:https://elliottwave-forecast.com/sto...l-recovery-go/

ANF Should Resume Rally From Extreme Areas
April 22, 2024 By EWFRaj
Abercrombie & Fitch Co., (ANF) operates as an omnichannel retailer in the United States, Europe, Middle East, Asia & Asia-Pacific & Internationally. The company offers an assortment of apparel, personal care products & accessories for men, women & kids under Abercrombie & Fitch, Abercrombie kids, Hollister & Gilly Hicks brands through stores, various wholesale, franchise, licensing arrangements & e-commerce platform. It comes under “Consumer Cyclical” sector under Apparel Retail & trades at NYSE as “ANF” ticker.
As mentioned in the previous article, ANF expected further upside in (3) of ((3)) of III & remain supported in pullback to extend higher. It favors pullback in IV towards $113.20 – $97.25 area to turn higher in next leg within (III).
ANF – Elliott Wave Daily View From 1.08.2024:

It placed ((I)) at $85.77 high in October-2007 & ((II)) ended at $7.42 low in March-2020 low. Above there, it favors upside in ((III)) as it broke above ((I)) high. It placed (II) of ((III)) at $14.02 low in September-2022 low & ended III at $140.28 high. It expects one more push higher in V to finish (III) soon, once it finished the IV correction.
ANF – Elliott Wave Latest Daily View:

Within III, it placed ((1)) at $38.20 high, ((2)) at $33.28 low, ((3)) at $122.25 high as extended wave, ((4)) at $113.75 low & finally ((5)) as III at $140.28 high. Currently, it favors pullback in IV correction as 3 swings lower, which expect to end between $113.20 – $97.25 area. Within IV, it ended ((A)) at $114.49 low & ((B)) at $139.11 high. In ((C)) leg, it placed (1) at $119.47 low, (2) at $134.12 high, (3) at $109.56 low & (4) at $118.15 high. Currently, it favors lower in (5) of ((C)) & expect small downside to finish IV between blue box area before resume higher in ((1)) of V. We like to buy the blue box area against 1.618 extension to see at least 3 swing bounce or rally to resume in V of (III).
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...extreme-areas/

Comprehensive Guide to Trading Stocks & ETFS
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Elliott Wave Analysis on Tesla (TSLA): Is Correction Over?

Short Term Elliott Wave view on Tesla (TSLA) suggests decline from 2.27.2024 high is in progress as a 5 waves impulse lower. Down from 2.27.2024 high, wave 1 ended at 160.51 and rally in wave 2 ended at 184.25. Down from there, wave ((i)) ended at 162.01. Wave ((ii)) rally ended at 170.21 as the 45 minutes chart below shows. Down from wave ((ii)), wave (i) ended at 169.90 and wave (ii) rally ended at 175.88. The stock extended lower in wave (iii) towards 153.75 and wave (iv) ended at 159.79. Expect the stock to extend lower in wave (v) towards 145.3 which completed wave ((iii)).

The stock bounced in wave ((iv)) ended at 150.94 and the stock turned lower in wave (v) towards 138.80. This completed wave 3 in higher degree. Wave 4 bounce is in progress to correct cycle from 3.26.2024 high in 3, 7, or 11 swing before the stock extends lower. Near term, as far as pivot at 179.2 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside. Potential support area is 100% – 161.8% Fibonacci extension from 7.19.2023 high. This area comes at 95.4 – 160.2. Thus, the stock is already in the support zone and thus can end the correction anytime and turns higher.

Tesla (TSLA) 45 Minutes Elliott Wave Chart

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TSLA Elliott Wave Video


Source: https://elliottwave-forecast.com/new...la-correction/
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Elliott Wave Calling for FTSE to Extend Higher

Short Term Elliott Wave view on FTSE suggests that rally from 8.18.2023 low is unfolding as a 5 waves impulse. Up from 8.18.2023 low, wave 1 ended at 7745.82 and pullback in wave 2 ended at 7279.86. Up from there, wave ((i)) ended at 7764.37 and wave ((ii)) pullback ended at 7404.08. The Index then extended higher in wave ((iii)) towards 8015.63 as the 1 hour chart below shows. Wave ((iv)) pullback ended at 7882.68 and wave ((v)) ended at 8044.98. This completed wave 3 in higher degree.

Pullback in wave 4 took the form of Elliott Wave zigzag structure. Down from wave 3, wave ((a)) ended at 7952.12 and wave ((b)) rally ended at 8009.52. Final leg wave ((c)) lower ended at 7791.84 which completed wave 4. The Index has resumed higher again in wave 5. Up from wave 4, wave (i) ended at 7898.77 and wave (ii) ended at 7809.68. Wave (iii) higher ended at 8076.52 and pullback in wave (iv) ended at 8021.67. Expect the Index to extend higher in wave (v) of ((i)). It then should pullback in wave ((ii)) to correct cycle from 4.16.2024 low before it resumes higher. Near term, as far as pivot at 7791.84 low stays intact, expect dips to find buyers in 3, 7, or 11 swing for further upside.

FTSE 60 Minutes Elliott Wave Chart

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FTSE Elliott Wave Video

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Source: https://elliottwave-forecast.com/new...extend-higher/
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Bitcoin (BTCUSD) Buying the Dips After Elliott Wave Double Three
April 22, 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 Bitcoin BTCUSD published in members area of the website. Our members are aware of the numerous positive trading setups we’ve had in the crypto market recently. One of them is BTCUSD, which experienced a pullback, unfolding as an Elliott Wave Double Three Pattern. It completed clear 7 swings from the peak on March 14th and concluded the correction right at the Equal Legs zone (Blue Box Area). In the following text, we’ll delve into the Elliott Wave pattern and trading setup.
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.


BTCUSD H4 weekend update 04.14.2024
BTCUSD is currently d0ing a wave (4) correction, unfolding in a 7-swing pattern. The pullback is identified with WXY red labeling. The first leg, W red, exhibits a clear 3-wave structure ((a))((b))(c)) black, followed by a 3-wave bounce in X red. Consequently, we anticipate the pullback to evolve as a Double Three pattern, indicating a projection of 3 waves in Y red as well. As of now, the structure remains incomplete. BTCUSD should ideally see another leg down toward the buying zone: 59644.73 to 56551.93. We expect the crypto to rally from there toward new highs or alternatively in a 3-wave bounce. Once the price retraces to the 50% Fibonacci level against the X red connector, we’ll secure positions, set the stop loss at breakeven, and take partial profits.

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.


BTCUSD H4 update 04.21.2024
Bitcoin found buyers as expected. It made decent rally from the Blue Box. Bounce already reached 50 fibs against the X red connector which confirms cycle from the peak is done. Consequently, any long positions from the equal legs area are risk free by now and we have taken partial profits. We call wave (4) completed at the 59507.9 low.
Keep in mind not every chart is trading recommendation. You can check most recent charts and new trading setups in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room.
Elliott Wave Forecast
Thank you for exploring our Trading Setup of BTCUSD 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/cry...ouble-three-3/

SPDR Metals & Mining ETF ( $XME) Found Buyers at the Blue Box Area as Expected.
April 22, 2024 By EWFTaha
Hello everyone. In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of SPDR Metals & Mining ETF ($XME). The rally from 3.14.2024 low at $55.37 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


$XME 1H Elliott Wave Chart 4.15.2024:
Here is the 1H Elliott Wave count from 4.15.2024. We expected the pullback to find buyers at the blue box area at 59.90 – 58.28 in 3 swings.
$XME 1H Elliott Wave Chart 4.17.2024:
Here is the 1H update from 4.17.2024 showing the bounce taking place as expected. The ETF has reacted higher from the blue box area allowing longs to get risk free before the next leg takes place.

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

Elliott Wave Suggests AT&T Inc. (T) Last Leg Lower Could Have Started
April 23, 2024 By EWFLuis
AT&T Inc. (T) is an American multinational telecommunications holding company headquartered in Dallas, Texas. It is the world’s largest telecommunications company by revenue and the third-largest provider of mobile telephone services in the U.S.
AT&T (T) Monthly Chart April 2024


In the monthly chart above, we can see that AT&T shares finished an all-time high with a price of $45.23. Since the beginning of 1999, the value has held a downtrend and we are looking to end this correction. Using the Elliott Wave Principle, a double correction structure (w), (x) and (y) can be clearly seen. From the peak, we have 3 waves in a flat structure that ends wave (w) at $14.17 low. Then we have another flat structure that built a wave (x) ending in the value of $33.33 high.
The last leg of the double correction is the wave (y). We have already completed wave a and b, and we are developing wave c as an ending diagonal structure. The market has already reached the blue box in the $8.58 – $16.75 area, but with the current market conditions and the incomplete structure, the price should drop below $13.43.
AT&T (T) Weekly Chart April 2023


On the weekly chart one year ago, we can see in more detail the structure of the wave (y). Wave a in red made a leading diagonal that ended at $20.21 low. Then it bounced in 3 waves ending wave b at $29.96 high to continue sharply lower. Wave c has taken the form of an ending diagonal and it needed 3 more waves lower that break the price of $14.17 to confirm the structure. (If you want to learn more about Elliott Wave Theory, please follow these links: Elliott Wave Education and Elliott Wave Theory).
AT&T (T) Weekly Chart April 2024

After a year, T continued lower as expected breaking $14.17 low. This drop completed wave (A) at $13.43 low. The next rally ended wave (B) at $18.16 high and it should continue to the downside breaking $13.43 low to confirm the current view. Therefore, the ending diagonal as wave c should finsih around $10.00 and the whole correction of wave ((II). In this place, the market should . If market develops another structure and remain moving to the downside, T could go down to the chilling value of $2.00.
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Source:https://elliottwave-forecast.com/sto...t-leg-started/

Platinum (PL) Turning Higher
April 23, 2024 By EWFHendra
Platinum (PL) looks to have formed a bottom and the metal has started to rally higher in the next bullish cycle. The metal still needs to break above 1348.2 to confirm that the next leg higher has started. Below we updated the Monthly and Daily Elliott Wave chart for the metal.
Platinum (PL) Monthly Elliott Wave Chart


Monthly chart of Platinum above shows that wave ((II)) pullback ended at 562. Up from there, rally is in progress as a nesting impulse. Wave (I) of ((III)) ended at 1348.2 and wave (II) of ((III)) pullback ended at 802.1. From there, the metal extends higher in wave ((1)) at 1148.9. Dips in wave ((2)) completed at 843.1. While above 843.1, the metal can see further upside.
Platinum (PL) Daily Elliott Wave Chart
Daily chart of Platinum above shows that wave (II) pullback ended at 802.1. The metal then extended higher in wave ((1)) towards 1148.9. Pullback in wave ((2)) ended at 843.1. The metal then nested higher in wave (1) which ended at 1016. Wave (2) pullback has also ended at 870.1. Near term, while above 802.1, expect the metal to extend higher.
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Source:https://elliottwave-forecast.com/com...urning-higher/

American Airlines (AAL) : Buying The Stock at the Blue Box
April 23, 2024 By EWF Vlada
Hello fellow traders,
As our members know we have had many profitable trading setups recently. In this technical article, we are going to present another Elliott Wave trading setup we got in American Airlines (AAL) . The stock completed 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.
AAL Elliott Wave 4 Hour Asia Chart 04.14.2024
Current view suggests AAL stock is doing wave (2) blue correction. The price has reached extreme zone at 13.25-11.8 (blue box- buying area).
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 red 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 11.8 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.


AAL Elliott Wave 4 Hour Asia Chart 04.22.2024
The stock has found buyers as expected and is showing a decent bounce from the Buying Zone which has reached and exceeded 50 fibs against the X red connector. We count the pullback (2) blue as completed at the 12.72 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 (1) 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
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Source:https://elliottwave-forecast.com/sto...tock-blue-box/

$YM_F Dow Futures Reacting Higher After Double Correction Lower
April 23, 2024 By Hassan Sheikh
This technical blog will look at the past performance of the 4-hour Elliott Wave Charts of Dow futures ticker symbol: $YM_F. We presented to members at the elliottwave-forecast. The rally from the 03 October 2022 low unfolded as an impulse structure and showed a bullish sequence. 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:
Dow Futures 4-Hour Elliott Wave Chart From 4.17.2024


Here’s the 4-hour Elliott wave chart from the 4/17/2024 update. In which, the cycle from the 10/27/2023 low ended in wave (3) as impulse at $40358 high. Down from there, the index made a pullback in wave (4) to correct that cycle. The internals of that pullback unfolded as Elliott wave double three structure where wave W ended at $38864 low. Wave X bounce ended at $39369 high and wave Y managed to reach the blue box area at $37859- $36924. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.
Dow Futures Latest 4-Hour Elliott Wave Chart From 4.22.2024


This is the latest 4-hour Elliott wave Chart from the 4/22/2024 update. In which the index is showing a reaction higher taking place, right after ending the double correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. However, a break above $40358 high is still needed to confirm the next extension higher towards $41041- $42147 area higher and avoid double correction lower.
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Source:https://elliottwave-forecast.com/sto...le-correction/