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

Bank of America Corp (BAC) Buying the Dips at the Blue Box Area

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Bank of America Corp (BAC) Stock published in members area of the website. Our members are aware of the numerous positive trading setups we’ve had among Stocks and Indices recently. One of them is BAC , which made a pullback, that unfolded as an Elliott Wave Double Three Pattern. It completed clear 7 swings from the peak on June 3rd peak 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.
BAC H1 update 06.11.2024
BAC stock is currently in a wave 2 red correction, unfolding in a 7-swing pattern. We’ve labeled the pullback as ((w)))((x))((y)) in black. We believe that pull back is still incomplete at the moment. The stock should ideally see another leg down toward the blue box- buying zone: 38.85-38.16. We expect the stock to rally toward new highs or bounce in 3 waves from there. When the price retraces to the 50% Fibonacci level against the ((x)) black 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.



BAC H1 update 06.11.2024
The stock found buyers as expected and made a good rally from the Blue Box, breaking toward new highs as expected. Consequently, any long positions taken from the equal legs area are now risk-free, and we have already taken partial profits. We consider wave 2 red completed at the 38.46 low. The stock now remains bullish against the 38.46 pivot. As long as that pivot holds in our system, we believe the stock should continue finding buyers in 3, 7, 11 swings, for a further extension toward new highs or alternatively in a 3-wave bounce.
Keep in mind not every chart is trading recommendation. You can check most recent charts and new trading setups in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room.



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Thank you for exploring our Trading Setup of BAC stock 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.
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Source: https://elliottwave-forecast.com/tra...ying-blue-box/

BTCUSD Elliott Wave : Forecasting the Decline Toward New Lows

In this technical article we’re going to take a quick look at the Elliott Wave charts of Bitcoin BTCUSD , published in members area of the website. As our members know, Bitcoin is doing a correction against the 56510 low, which is unfolding as a Flat pattern. Now, the crypto is showing impulsive sequences in the cycle from the June 7th peak, which can be the last leg of the proposed Flat pattern. Consequently, we expect more short-term weakness in the near term. In the further text, we are going to explain the wave count.
BTCUSD H1 Weekend Update 06.23.2024
BTCUSD has broken the previous low, confirming more downside in the near term against the 66484 pivot. The current view suggests that the intraday recovery completed at the 64482 high as b red. While below that high, we believe the c red leg is in progress toward new lows, targeting the 61592-59793 area. We expect Bitcoin to keep finding intraday sellers in 3, 7, and 11 swings.
Reminder : You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page.



BTCUSD H1 London Update 06.24.2024
Bitcoin made a further decline as expected, reaching our first target zone at 61592-59793. From there, we can see an intraday bounce. The count has been adjusted, now suggesting we are potentially still within wave (iii), which is part of the last leg of the proposed Flat pullback. We don’t recommend forcing trades in BTCUSD at this stage.
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 Bitcoin 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.
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Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.
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Source: https://elliottwave-forecast.com/cry...-wave-decline/

SPDR Industrial ETF ( $XLI) Found Buyers At The Blue Box Area As Expected.

Hello everyone. In today’s article, we will look at the past performance of the 4H Hour Elliott Wave chart of SPDR Industrial ETF ($XLI). The rally from 1.17.2024 low at $109.90 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



$XLI 4H Elliott Wave Chart 6.14.2024:



Here is the 4H Elliott Wave count from 6.14.2024. We expected the pullback to find buyers at the blue box area at 119.62 – 115.53 in 7 swings.
$XLI 4H Elliott Wave Chart 6.23.2024:



Here is the latest 4H update from 6.23.2024, showing the bounce taking place as expected. The ETF reacted higher from the blue box area allowing longs to get risk free. The ETF is expected to trade higher towards $130 area before another pullback can happen.

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

Microsoft ($MSFT) Made New Highs From Blue Box Area

This technical blog will look at the past performance of the 1-hour Elliott Wave Charts of Microsoft ticker symbol: $MSFT. We presented to members at the elliottwave-forecast. The rally from 31 May 2024 low unfolded as an impulse structure. Showing a higher high sequence in a higher time frame favored more upside extension. 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:
Microsoft 1-Hour Elliott Wave Chart From 6.20.2024



Here’s the 1-hour Elliott wave chart from the 6/20/2024 Pre-Market update. In which, the short-term cycle from the 6/03/2024 low ended in wave ((iii)) at $450.94 high. Down from there, the stock made a pullback in wave ((iv)) to correct that cycle. The internals of that pullback unfolded as Elliott wave double structure where wave (w) ended at $444.89 low. Wave (x) bounce ended at $449.30 high and wave (y) managed to reach the blue box area at $443.27- $439.50. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.
Microsoft Latest 1-Hour Elliott Wave Chart From 6.24.2024



This is the latest 1-hour Elliott wave Chart from the 6/24/2024 Midday update. In which the stock is showing a reaction higher taking place, right after ending the double three 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. Since then Microsoft has already made a new high above $450.94 high confirming the next extension higher.
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Source: https://elliottwave-forecast.com/sto...blue-box-area/

Elliott Wave Analysis on Silver (XAGUSD) Expects Further Correction Lower


Short Term Elliott Wave in XAGUSD (Silver) suggests cycle from 5.20.2024 high remains in progress as a double three structure. Down from 5.20.2024 high, wave ((a)) ended at 30.03 and wave ((b)) rally ended at 32.29. Wave ((c)) lower ended at 29.36 which completed wave W. Rally in wave X has ended at 31.53 as the 1 hour chart below shows. Wave Y lower is now in progress as another double three in lower degree.

Down from wave X, wave (a) ended at 29.1 and rally in wave (b) ended at 30.25. Wave (c) lower ended at 28.64 which completed wave ((w)) in higher degree. Rally in wave ((x)) unfolded as a zigzag structure. Up from wave ((w)), wave (a) ended at 29.57 and pullback in wave (b) ended at 28.90. Wave (c) higher ended at 30.84 which completed wave ((x)) in higher degree. The metal has turned lower in wave ((y)). Down from wave ((x)), wave (a) ended at 29.32 and rally in wave (b) ended at 29.72. The metal has extended lower in wave (c). Near term, as far as pivot at 31.53 high stays intact, expect rally to fail in 3, 7, 11 swing for further downside.

XAGUSD 60 Minutes Elliott Wave Chart

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Silver (XAGUSD) Elliott Wave Video

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Source: https://elliottwave-forecast.com/new...rection-lower/
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AIOZ Network Looking to End A corrective Decline
June 25, 2024 By EWFAyoub
AIOZ is an Ethereum token that powers Aioz Network, a (dCDN) Layer 1 blockchain: Decentralized Content Delivery Network . It powers AI computation, data storage, and seamless media streaming for decentralized applications (dApps) within the network.
Starting in September of last year, AIOZ rallied for seven straight months, achieving a 9600% advance in wave ((1)). Down from there, it started a correction to the downside within wave ((2)).
The coin faced a 60% decline over 7 swings, forming an Elliott Wave Double Three structure. It’s currently reaching our extreme blue box in the equal legs area of $0.43 – $0.10. We expect wave ((2)) to finish here and a new upward move to start in wave ((3)).
Consequently, AIOZ investors will look to accumulate around this blue box area. They anticipate the next daily cycle to the upside or at least a larger bounce from there.
AIOZ Daily Chart 6.25.2024

Setup Recap

-Time Frame : Daily
-Entry Area : $0.43 – $0.30
-Invalidation Condition : Daily Close below $0.1
-Target : $1.45
-Ratio : 3 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...ctive-decline/

Johnson Controls (JCI) Should Remain Sideways To Higher
June 25, 2024 By EWFRaj
Johnson Controls International plc, (JCI) engages in engineering, manufacturing, commissioning & retrofitting building products & systems in United States, Europe, Asia -Pacific & internationally. It operates in four segments like Building Solutions in North America, Building Solutions EMEA/LA, Building Solutions Asia-Pacific & Global products. It is based in Ireland, comes under Industrials sector & trades as “JCI” ticker at NYSE.
JCI favors short term upside in (1) of ((3)) against July-2022 low & expect to remain sideways to higher. Further bullish sequence will confirm when it breaks above $81.77 high.
JCI – Elliott Wave Latest Daily View:

It placed (II) correction at $22.77 low in March-2020 against 2002 low as new impulse sequence higher. Above there, it placed I of (III) at $81.77 high & II correction at $45.52 low as 0.618 Fibonacci retracement in blue box area. Within I, it placed ((1)) at $31.34 high, ((2)) at $26.23 low, ((3)) extended wave at $81.15 high, ((4)) at $74.36 low & finally ((5)) as I at $81.77 high. It corrected II in zigzag correction. Above II low, it placed ((1)) of III at $69.60 high & ((2)) as flat correction at $47.90 low.
JCI – Elliott Wave Latest Weekly View:

Above ((2)) low, it favors short term pullback in 4 & soon expect to turn higher in 5 of (1). It placed 1 of (1) at $58.23 high, 2 at $51.71 low & 3 of (1) at $74.23 high as extended wave. It expects small downside in current pullback before one more push higher to finish the (1) of ((3)). Further bullish sequence in weekly will confirm when it breaks above I high to be III of (III). In that case, we like to buy the pullback in 3, 7 or 11 swings. Alternatively, if it showing more price separation lower below $59.83, then it should be in (2) correction, while (1) ended at last high as it already reached the short term extreme areas.
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...idways-higher/

Elliott Wave Expects USDJPY to Extend Higher in Impulsive Sequence

Short Term Elliott Wave in USDJPY shows incomplete bullish sequence from 6.4.2024 low favoring more upside. Up from 6.4.2024 low, wave 1 ended at 157.4 as the 1 hour chart below shows. Pullback in wave 2 unfolded as a zigzag structure. Down from wave 1, wave ((a)) ended at 156.92 and wave ((b)) ended at 157.38. Wave ((c)) lower ended at 155.7 which completed wave 2 in higher degree. The pair extended higher again in wave 3 with internal subdivision as an impulse Elliott Wave structure. Up from wave 2, wave ((i)) ended at 157.3 and pullback in wave ((ii)) ended at 156.57. Pair then extended higher in wave (i) of ((iii)) towards 158.26 and pullback in wave (ii) ended at 156.87.

Up from wave (ii), wave i ended at 158.23 and pullback in wave ii ended at 157.59. Pair then extended higher in wave iii towards 159.12 and dips in wave iv ended at 158.65. Wave v higher ended at 159.93 which completed wave (iii). Pullback in wave (iv) ended at 158.71. Expect pair to extend higher a few more highs before ending wave (v) of ((iii)). Near term, as far as pivot at 155.66 low stays intact, dips should find buyers in 3, 7, or 11 swing for further upside.

UDSJPY 60 Minutes Elliott Wave Chart

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USDJPY Elliott Wave Video

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Source: https://elliottwave-forecast.com/new...sive-sequence/
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Johnson Controls (JCI) Should Remain Sideways To Higher

Johnson Controls International plc, (JCI) engages in engineering, manufacturing, commissioning & retrofitting building products & systems in United States, Europe, Asia -Pacific & internationally. It operates in four segments like Building Solutions in North America, Building Solutions EMEA/LA, Building Solutions Asia-Pacific & Global products. It is based in Ireland, comes under Industrials sector & trades as “JCI” ticker at NYSE.
JCI favors short term upside in (1) of ((3)) against July-2022 low & expect to remain sideways to higher. Further bullish sequence will confirm when it breaks above $81.77 high.
JCI – Elliott Wave Latest Daily View:



It placed (II) correction at $22.77 low in March-2020 against 2002 low as new impulse sequence higher. Above there, it placed I of (III) at $81.77 high & II correction at $45.52 low as 0.618 Fibonacci retracement in blue box area. Within I, it placed ((1)) at $31.34 high, ((2)) at $26.23 low, ((3)) extended wave at $81.15 high, ((4)) at $74.36 low & finally ((5)) as I at $81.77 high. It corrected II in zigzag correction. Above II low, it placed ((1)) of III at $69.60 high & ((2)) as flat correction at $47.90 low.
JCI – Elliott Wave Latest Weekly View:



Above ((2)) low, it favors short term pullback in 4 & soon expect to turn higher in 5 of (1). It placed 1 of (1) at $58.23 high, 2 at $51.71 low & 3 of (1) at $74.23 high as extended wave. It expects small downside in current pullback before one more push higher to finish the (1) of ((3)). Further bullish sequence in weekly will confirm when it breaks above I high to be III of (III). In that case, we like to buy the pullback in 3, 7 or 11 swings. Alternatively, if it showing more price separation lower below $59.83, then it should be in (2) correction, while (1) ended at last high as it already reached the short term extreme areas.
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...idways-higher/

AIOZ Network Looking to End A corrective Decline

AIOZ is an Ethereum token that powers Aioz Network, a (dCDN) Layer 1 blockchain: Decentralized Content Delivery Network . It powers AI computation, data storage, and seamless media streaming for decentralized applications (dApps) within the network.
Starting in September of last year, AIOZ rallied for seven straight months, achieving a 9600% advance in wave ((1)). Down from there, it started a correction to the downside within wave ((2)).
The coin faced a 60% decline over 7 swings, forming an Elliott Wave Double Three structure. It’s currently reaching our extreme blue box in the equal legs area of $0.43 – $0.10. We expect wave ((2)) to finish here and a new upward move to start in wave ((3)).
Consequently, AIOZ investors will look to accumulate around this blue box area. They anticipate the next daily cycle to the upside or at least a larger bounce from there.
AIOZ Daily Chart 6.25.2024




Setup Recap
-Time Frame : Daily
-Entry Area : $0.43 – $0.30
-Invalidation Condition : Daily Close below $0.1
-Target : $1.45
-Ratio : 3 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...ctive-decline/

Gold Miners Junior ETF (GDXJ) Pullback Maybe Complete

GDXJ, or the VanEck Vectors Junior Gold Miners ETF, is an exchange-traded fund that tracks the performance of small-cap gold mining companies. It provides investors exposure to junior gold mining companies, which are typically smaller and more volatile than their larger counterparts. This ETF offers a convenient way for investors to gain diversified exposure to the junior gold mining sector without having to select individual stocks. Below we update the Elliott Wave outlook for the ETF.
GDXJ Monthly Elliott Wave View



Monthly chart of Gold Miners Junior ETF (GDXJ) above shows a multi year consolidation in the ETF. The consolidation seems to be broken to the upside. Pullback in wave ((II)) grand super cycle ended at 16.14. The ETF then turns higher from there. Up from 16.14 low, rally in wave (I) ended at 52.5 and wave (II) pullback ended at 19.52. The ETF then turned higher. Up from 19.52 low, Wave I of (III) rally ended at 65.95 and dips in wave II pullback completed at 25.80. While pivot at 16.14 low is intact, expect dips to find support in 3, 7, 11 swing and the ETF to extend higher.
GDXJ Daily Elliott Wave View



Daily Elliott Wave Chart of GDXJ above shows dips in wave II ended at 25.8. Wave III higher is now in progress as a 5 waves impulse. Up from wave II, rally in wave ((1)) ended at 41.16. Pullback in wave ((2)) unfolded as expanded flat and ended at 30.56. The ETF then turns higher again with wave (1) ended at 47.25. Pullback in wave (2) is is proposed complete at 40.91 and the ETF has turned higher.
GDXJ 4 Hour Elliott Wave View



4 Hour Elliott Wave view of GDXJ above shows that rally from wave ((2)) low at 30.67 ended with wave (1) at 47.54 as impulse. Pullback in wave C of (2) ended at 40.91 in the 100% – 161.8% fibonacci extension of wave A. The ETF has turned higher again in wave (3). As far as it stays above 30.67, expect any pullback to find support in 3, 7, 11 swing for more upside.
We do not cover GDXJ as part of our regular service. However, we cover GDX, Gold, and other commodities, stocks, forex, and crypto currencies. If you’d like to check our service, you can take our 14 days trial here –> 14 days Trial

Source: https://elliottwave-forecast.com/sto...aybe-complete/

Elliott Wave Expects USDJPY to Extend Higher in Impulsive Sequence

Short Term Elliott Wave in USDJPY shows incomplete bullish sequence from 6.4.2024 low favoring more upside. Up from 6.4.2024 low, wave 1 ended at 157.4 as the 1 hour chart below shows. Pullback in wave 2 unfolded as a zigzag structure. Down from wave 1, wave ((a)) ended at 156.92 and wave ((b)) ended at 157.38. Wave ((c)) lower ended at 155.7 which completed wave 2 in higher degree. The pair extended higher again in wave 3 with internal subdivision as an impulse Elliott Wave structure. Up from wave 2, wave ((i)) ended at 157.3 and pullback in wave ((ii)) ended at 156.57. Pair then extended higher in wave (i) of ((iii)) towards 158.26 and pullback in wave (ii) ended at 156.87.
Up from wave (ii), wave i ended at 158.23 and pullback in wave ii ended at 157.59. Pair then extended higher in wave iii towards 159.12 and dips in wave iv ended at 158.65. Wave v higher ended at 159.93 which completed wave (iii). Pullback in wave (iv) ended at 158.71. Expect pair to extend higher a few more highs before ending wave (v) of ((iii)). Near term, as far as pivot at 155.66 low stays intact, dips should find buyers in 3, 7, or 11 swing for further upside.
UDSJPY 60 Minutes Elliott Wave Chart



USDJPY Elliott Wave Video


Source: https://elliottwave-forecast.com/new...sive-sequence/

Exxon Mobil XOM Found Buyers at the Extreme Blue Box

Hello traders! Welcome to another blog post where we apply the Elliott wave theory to various financial instruments. Today, we’ll focus on Exxon Mobil (XOM) using the Elliott wave theory. Specifically, we’ll analyze an Elliott wave path from one of our June 2024 updates shared with ElliottWave-Forecast members.
Exxon Mobil (XOM) hit new all-time highs in April 2024, confirming a bullish cycle. However, the Elliott wave provides more precise insights into the XOM trend, as shown in our weekly chart below.
XOM Elliott Wave Analysis – Weekly Chart, 6.23.2024



The weekly chart shows XOM in a bullish sequence within wave V of (I) of ((III)) from the 23rd October weekend update. It shows that the price is correcting in wave ((2)) of V. Wave ((1)) reached a fresh all-time high, surpassing the September 2023 high. From this top, the price corrected in wave ((2)) for over two months. We anticipate wave ((3)) will start and lead to another all-time high after breaching the peak of wave ((1)). The best trading strategy is to identify a clear trend and buy dips in a bullish sequence or sell bounces in a bearish sequence. After seeing this chart on June 23, 2024, our members knew to buy the pullback at the extreme of a 3, 7, or 11 swing from the blue box. So, where would we buy? We look for opportunities in the lower time frames.
XOM Elliott Wave Analysis – H4 Chart, 6.10.2024



Before the 6.23.2024 weekly chart, we shared the H4 chart above on June 10, 2024, highlighting the blue box. Blue boxes indicate high-frequency areas where markets likely end cycles and turn. In a bullish sequence, we buy pullbacks from the blue box; in a bearish sequence, we sell bounces. Wave ((2)) was in the final stage of a double zigzag structure. We expected wave ((2)) to end at the blue box and find support to start wave ((3)) upwards.
XOM Elliott Wave Analysis – H4 Chart, 6.25.2024



As expected, wave ((2)) found support in the blue box, as shown in the June 25, 2024 H4 chart above. The price is now moving away from the blue box towards a risk-free area where buyers can manage trades and reduce risk. Wave (1) of ((3)) should complete before the next pullback for ((2)). The rally may not be straightforward. However, our analysts will monitor the sub-waves on H1/M30 time frames and share updates with members several times a day.
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At www.elliottwave-forecast.com, we update one-hour charts four times daily and four-hour charts once daily for all 78 instruments. We also conduct daily live sessions to guide clients on the right side of the market. Additionally, we have a chat room where moderators answer market-related questions. Experience our service with a 14-day trial for only $9.99. Cancel anytime by contacting us at [email protected].

Source: https://elliottwave-forecast.com/sto...t-the-extreme/

Elliott Wave Intraday Analysis on AUDJPY Looking to End Wave 5

Short Term Elliott Wave in AUDJPY suggests rally from 6.4.2024 low is in progress as a 5 waves impulse structure. Up from 6.4.2024 low, wave 1 ended at 104.8 and pullback in wave 2 ended at 103.57. Internal subdivision of wave 2 unfolded as a zigzag where wave ((a)) ended at 103.6, wave ((b)) ended at 104.27, and wave ((c)) lower ended at 103.56. This completed wave 2 in higher degree and the pair has turned higher in wave 3. Up from wave 2, wave ((i)) ended at 104.38 and pullback in wave ((ii)) ended at 104.

Pair has extended higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 104.78 and dips in wave (ii) ended at 104.38. Pair extended higher in wave (iii) towards 105.96 and pullback in wave (iv) ended at 105.45. Final leg wave (v) ended at 106.33 which completed wave ((iii)). Pullback in wave ((iv)) ended at 105.56. Pair has extended higher in wave ((v)) with internal as another impulse in lesser degree. Up from wave ((iv)), wave (i) ended at 106.39 and dips in wave (ii) ended at 105.90. Wave (iii) higher ended at 106.96. Expect pullback in wave (iv) before it resumes higher. Near term, as far as pivot at 103.56 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.

AUDJPY 60 Minutes Elliott Wave Chart

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AUDJPY Elliott Wave Video

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Source: https://elliottwave-forecast.com/new...ng-end-wave-5/
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Elliott Wave Intraday Analysis Looking for $USDCHF to Correct in Wave 2

Short Term Elliott Wave in USDCHF suggests pair ended the move down from 5.1.2024 high as wave (1) at 0.882. Wave (2) corrective rally is now in progress to correct cycle from 5.1.2024 high. Internal subdivision of wave (2) is unfolding as a zigzag Elliott Wave structure. Up from wave (1), wave ((i)) ended at 0.8853 and dips in wave ((ii)) ended at 0.883. Pair extended higher in wave ((iii)) towards 0.8926 and pullback in wave ((iv)) ended at 0.89. Final leg wave ((v)) ended at 0.8945 which completed wave A in higher degree.

Down from wave A, wave ((a)) ended at 0.892 and rally in wave ((b)) ended at 0.8942. Wave ((c)) lower ended at 0.8912 which completed wave B in higher degree. Pair has resumed higher in wave C. Up from wave B, wave ((i)) ended at 0.895 and pullback in wave ((ii)) ended at 0.8934. Pair extended higher in wave (i) towards 0.8983 and pullback in wave (ii) ended at 0.8952. Up from there, wave i higher ended at 0.898 and pullback in wave ii ended at 0.8956. Near term, as far as pivot at 0.882 low stays intact, expect pullback to find support in 3, 7, or 11 swing and pair to extend higher. ind support in 3, 7, or 11 swing for further upside.

USDCHF 60 Minutes Elliott Wave Chart

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USDCHF Elliott Wave Video

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Source: https://elliottwave-forecast.com/new...orrect-wave-2/
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Netflix Stock (NFLX) Buying the Dips at the Blue Box Area
June 29, 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 Netflix (NFLX) Stock published in members area of the website. Our members are aware of the numerous positive trading setups we’ve had among stocks and indices recently. One of them is NFLX, which made a pullback that concluded right at the Equal Legs zone (Blue Box Area). In the following text, we’ll delve into the Elliott Wave pattern and trading setup.
NFLX H1 update 06.24.2024
Netflix stock is currently in a wave ((iv)) pullback, unfolding as an Elliott Wave Zig Zag pattern. We’ve labeled the pullback as (a) (b) (c) in blue. The pullback is still incomplete at the moment. The stock should ideally see an extension down toward the blue box-buying zone: the 666.26-653.38 area. We expect the stock to rally toward new highs or bounce in 3 waves from there. When the price retraces to the 50% Fibonacci level against the (b) blue 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.

NFLX H1 update 06.28.2024

The stock found buyers as expected and made a good rally from the Blue Box, as expected. Consequently, any long positions taken from the equal legs area are now risk-free, and we have already taken partial profits. We consider wave 2 red completed at the 662.67 low. The stock remains bullish against the 626.44 pivot. As long as that pivot holds in our system, we believe the stock should continue finding buyers in 3, 7, 11 swings, for a further extension toward new highs or alternatively in a 3-wave bounce.
Keep in mind not every chart is trading recommendation. You can check most recent charts and new trading setups in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room.

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

AAPL Perfect Reaction Higher From Blue Box Area
July 1, 2024 By Hassan Sheikh
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of AAPL. We presented to members at the elliottwave-forecast. In which, the rally from 19 April 2024 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:
AAPL 1-Hour Elliott Wave Chart From 6.23.2024

Here’s the 1-hour Elliott wave chart from the 6.23.2024 weekend update. In which, the short-term cycle from the 5.23.2024 low ended in wave (3) at $220.20 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 $211.30 low. Wave B bounce ended at $218.95 high and wave C managed to reach the blue box area at $209.95- $204.40. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

AAPL Latest 1-Hour Elliott Wave Chart From 7.01.2024

This is the latest 1-hour Elliott wave Chart from the 7.01.2024 Midday 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 $220.20 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...gher-blue-box/

Elliott Wave Looking for Alphabet (GOOGL) to Extend Impulsive Rally

Short Term Elliott Wave in GOOGL suggests the bullish impulse sequence in progress & expect to remain supported in 3, 7 or 11 swings in pullback to resume rally within the sequence from October-2022 low. It favors upside in (3) of ((5)) in 4-hour sequence against 173.63 low from 6.14.2024 low & expect one more push higher in 5, while proposed ended 4 at 181.30 low. Within (3) sequence, it should break above 186.78 high to confirm the upside to be 5 to finish (3) of ((5)). In 4-hour, it ended (1) at 180.41 high & (2) at 173.63 low in the sequence started from 5.01.2024 low.
Up from (2) low, it placed 1 of (3) at 178.36 high & 2 pullback at 174.10 low as dip pullback. Above there, it ended 3 at 186.78 high as extended move & proposed ended 4 at 181.30 low as 3 swing correction. Within 3, it placed ((i)) at 177.29 high, ((ii)) at 174.99 low, ((iii)) at 184.80 high, ((iv)) at 182.25 low & finally ended ((v)) at 186.78 high as 3 of (3). Short term, as long as it stays above 181.30 low, it should resume higher in 5 towards 188.08 – 190.19 area, which confirms above 186.78 high. Alternatively, if it breaks below 181.30 low, it can do double correction in (4) and should correct against 6.14.2024 low before resume rally as (5) of ((5)). So, as long as it stays above 6.14.2024 low, it should resume rally in bullish sequence.

GOOGL 30 Minutes Elliott Wave Chart


GOOGL Elliott Wave Video


Source: https://elliottwave-forecast.com/new...-extend-rally/
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JNJ Should Rally Soon or See 3 Swings Higher At Least
July 1, 2024 By EWFLuis
Johnson & Johnson (JNJ) is an American multinational corporation founded in 1886 that develops medical devices, pharmaceuticals, and consumer packaged goods. Its common stock is a component of the Dow Jones Industrial Average, and the company is ranked No. 36 on the 2021 Fortune 500 list of the largest United States corporations by total revenue.
JNJ Daily Chart February 2024

In the last analysis, we called 3 waves more to the downside to end a double correction structure ((W)), ((X)), ((Y)). The stock reacted lower from a blue box area ending wave ((X)) and starting wave ((Y)). First leg of wave ((Y)) did 3 swings, with a wave B as a flat correction, ending wave (W) at 144.95 low. Then, we were looking for 3 swings higher to fail below 175.97 high to complete wave (X) before seeing lower prices. (If you want to learn more about Elliott Wave Theory, please follow these links: Elliott Wave Education and Elliott Wave Theory).

JNJ Weekly Chart June 2024


In the Weekly chart above, we have adjusted the labelling of the structure from 186.69 high. Down from the peak. We are labeling a flat correction as wave ((W)) where wave (C) is an ending diagonal. Wave (A) ended at 159.17 low in Oct 2022 and wave (B) rally finished at 181.04 high. Then, the structure looked like as a double correction because we have a lot of waves traslaped. However, the momentum lower has slowed down, suggesting that JNJ could be ready for a rally and the ending structure as wave (C) is the best option for this.
The double correction is still possible that plays out, but for that, the market needs to drop to 134.40 – 132.50 area and see a strong bounce from there. In that scenario the structure would be a double correction instead (A), (B), (C). Either way, the trade from the blue box should end soon because JNJ could rally in 3 swings at least.
JNJ Daily Chart June 2024

With a new Daily chart of JNJ, the market didn’t have the strengh to break the old wave A high (now wave 4) and resumed lower favoring our trade from the blue box. The price action broke below 144.95 wave 3 low, suggesting we are currently trading in wave 5 of (C). It is possible that wave 5 could be ended at 143.13 wave ((w)) low. However, the structure does not help too much and we are calling one more slighly low to end wave 5 of (C) and also wave ((W)).

If everything results as we expect, JNJ should end wave ((W)) structure in 142. 25 – 138.52 area where we have to close our trade from the blue box. Even if market could drop more as we said before to build a double correction, it is better to closed it in the area we mencioned and wait for a rally.
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Source:https://elliottwave-forecast.com/sto...swings-higher/

Vertiv Holdings (VRT) Should Pullback Before Rally Resumes
July 2, 2024 By EWFRaj
Vertiv Holdings Co. (VRT), together with its subsidiaries, designs, manufactures & services critical digital infrastructure technologies & life cycle services for data centers, communication networks & commercial & industrial environments in America, Asia Pacific, Europe, Middle East & Africa. It is based in Westerville, OH, US & comes under Industrials sector & trades as “VRT” ticket for NYSE.
In Weekly sequence, VRT favors upside in III of (I) as impulse Elliott wave sequence since all time low of $4.75. Currently, it favors corrective pullback in ((4)) towards $73.40 – $58.38 area against April-2023 low before it should resume higher.
VRT – Elliott Wave Latest Daily View:

In weekly, it made all time low at $4.75 in March-2020. Above there, it placed I of (I) at $28.80 high in August-2021 high & II at $7.76 low in July-2022 low. It already broke to new high in III sequence as the part of (I). Within III, it placed ((1)) at $17.88 high as diagonal, ((2)) at $11.95 low as dip pullback. Above there, it ended extended ((3)) sequence at $109.27 high & favors corrective pullback in 3 swings lower towards $73.40 – $58.38 area, while bounce fail below $97.50 high.
VRT – Elliott Wave Latest Weekly View:

Within ((3)), it placed (1) at $43.13 high, (2) at $34.60 low, (3) at $88.69 high, (4) at $72.58 low & finally ended (5) as ((3)) at $109.27 high. It placed (A) of ((4)) at $85.14 low & (B) at $97.50 high. It already broke below (A) low, favoring downside towards daily blue box area to finish the correction. Alternatively, if it breaks above (B) high, it should be in next leg higher, while ended correction at last low. We like to buy the pullback towards daily blue box area, when reached for the next leg higher or at least 3 swing bounce. The current pullback can be either the part of ((4)) or even can be IV pullback in (I) & expect at least one more push higher.
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...rally-resumes/