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EURCAD: Precise Reaction Higher from the Blue Box—What’s Next?

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of EURCAD. In which, the rally from 22 November 2024 low is unfolding as an impulse sequence. Therefore, called for an extension higher to take place. We knew that the structure in EURCAD should remain supported & extend higher. So, we advised members not to sell the pair & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:
EURCAD 1-Hour Elliott Wave Chart From 3.21.2025




Here’s the 1-hour Elliott wave Chart from the 3.21.2025 Asia update. In which, the rally to 1.5857 high completed wave ((iii)) & made a pullback in wave ((iv)). The internals of that pullback unfolded as Elliott wave zigzag correction where wave (a) ended at 1.5571 low. Then a bounce to 1.5738 high-ended wave (b) & started the next leg lower in wave (c) towards 1.5449- 1.5272 blue box area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum.
EURCAD Latest 1-Hour Elliott Wave Chart From 4.08.2025



This is the latest 1-hour Elliott wave Chart from the 4.08.2025 Asia update. In which the pair is showing a strong 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 1.5857 high is still needed to confirm the next extension higher minimum towards 1.5985- 1.6190 area & avoid double correction lower.
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NASDAQ ( NQ_F) Elliott Wave : Incomplete Sequences Calling the Decline

Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of NASDAQ ( NQ_F ) published in members area of the website. As our members know, NQ_F has shown incomplete bearish sequences in the cycle from the 22410.9 peak (December 2024 ). The price structure indicated further weakness. In the following text, we will provide a more detailed explanation of the Elliott Wave forecast.
NQ_F Elliott Wave 1 Hour Asia Chart 04.02.2025
The break of the March 10th low, marked on the chart as (1) in blue, created incomplete bearish sequences in NQ_F. We anticipated a further drop as long as the pivot at the 20,537.4 peak holds. Currently, NASDAQ is undergoing a 3-wave recovery in (4) blue, which is expected to complete around the 19,761–20,215 area. We do not recommend forcing trades at this stage and expect NQ_F to continue dropping towards new lows.
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NQ_F Elliott Wave 1 Hour Asia Chart 04.08.2025
NASDAQ completed its recovery at the 20,052.63 peak and then declined further toward new lows, as expected. The current view suggests that as long as the price stays below 18,358, another low could be seen. NQ_F may drop toward the 17,202–16,417 range to complete the proposed cycle from the December 2024 peak.
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
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NextEra Energy (NEE) Continues Potential Downside Towards 56.17

NextEra Energy, Inc. (NEE) operates in the Utility sector, generating and distributing electricity to retail and wholesale customers in North America. Its energy portfolio includes wind, solar, nuclear, and natural gas, emphasizing clean energy solutions. The company is listed on NYSE with the ticker “NEE.”
NEE – Elliott Wave Latest Weekly View:



Based on Elliott Wave article from 2.24.2025, NEE ended its ((X)) at $76.29 in the extreme area& resumed lower in ((Y)), breaking below ((W)) low. This signals weakness towards $56.17 or lower. In the weekly chart, it ended ((I)) at $93.73 in December-2021, followed by a double three ((II)) correction ending at $47.15 in October-2023. The recent I impulse concluded at $86.10 in September-2024. Current analysis favors a double three correction in II, extending towards $56.17 against March-2025 high.
NEE – Elliott Wave View From 2.24.2025:



Within the recent ((X)), NEE achieved $76.29 on March 10, 2025. Below this, further downside is expected in (W) of ((Y)), targeting $63.89 – $60.94 area before a bounce in (X). Another move lower is anticipated towards $56.17 – $51.39 to complete II. The pullback should remain above the $47.15 low, setting up for higher levels in III or at least a three-swing bounce. The short-term outlook suggests selling the bounce in (X) against the $76.29 high in 3, 7 or 11 swings at extreme area, with a target of $56.17 or lower levels.
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Source: https://elliottwave-forecast.com/sto...towards-56-17/

EQT Corporation (EQT) Elliott Wave Analysis: A Bullish Path Ahead

Elliott Wave analysis suggests EQT Corporation is poised for a major bullish breakout, with multiple impulsive sequences unfolding across timeframes.
EQT Corporation (EQT) continues to show strong potential for further gains based on its long-term and short-term Elliott Wave structures. The monthly and daily charts both suggest that the stock is entering an impulsive phase of a larger bullish cycle.
Long-Term Elliott Wave Structure
On the monthly chart, EQT has completed a major corrective cycle ending in wave ((II)), with the low marked around $4.18. This bottom represents a significant structural support. From this low, the stock began a new impulsive phase. Wave ((I)) unfolded in a clear five-wave advance, and the correction that followed as wave ((II)) is now over. EQT is currently advancing in wave (III), which is subdividing into five minor waves.
Within this new impulse, we can already see waves ((1)), ((2)) completed and ((3)) of I is in progress within larger (III). The invalidation level is placed at $0.2809, a historically distant support level that underscores the bullish bias.
The “Right Side” tag remains green, confirming the upward directional bias. Additionally, the message “We Do Not Recommend Selling” supports the idea of staying with the trend. This is especially important since the structure projects much higher prices in the coming years.



Short-Term Outlook
On the daily chart, the price action shows wave 1 and 2 of a smaller degree have completed, and EQT is currently in the early stages of wave 3. The internal structure of this wave suggests that a powerful rally may be underway.
The “Turning Up” tag and continued bullish wave progression suggest that traders should watch for pullbacks to enter long positions. The corrective wave 2 in red, unfolding as a typical (a)-(b)-(c) zigzag, appears near completion, setting the stage for wave 3 to unfold.



Conclusion
EQT offers a compelling setup for both investors and short-term traders. The multi-timeframe Elliott Wave structure suggests a strong bullish trend ahead. As long as the price stays above key invalidation levels, the outlook remains positive. Pullbacks should be treated as buying opportunities rather than exit signals.
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Elliott Wave Indicates Bearish Sequence for GBPJPY, Favoring a Downward Trajectory


The Elliott Wave perspective indicates that GBPJPY has entered a bearish sequence from its October 30, 2024 high. It signals further downside potential. From that peak, wave (W) concluded at 187.05, followed by a wave (X) rally that terminated at 195.94, as illustrated in the accompanying 1-hour chart. Currently, wave (Y) is unfolding lower, exhibiting an internal zigzag structure.

Breaking it down from the wave (X) high, wave ((i)) declined to 192.7. The subsequent wave ((ii)) rally peaked at 195.77. The pair then resumed its descent in wave ((iii)), reaching 187.51, before a wave ((iv)) bounce concluded at 190.29. The final leg, wave ((v)), completed at 186.05, marking the end of wave A in a higher degree. From there, wave B unfolded as a zigzag corrective pattern: wave ((a)) rose to 188.83, and wave ((b)) pulled back to 187.09. Wave ((c)) advanced to 190.08, completing wave B. The pair has since resumed its decline in wave C.

In the near term, as long as the pivotal high at 195.94 remains intact, any rallies are expected to falter in a 3, 7, or 11 swing structure, reinforcing the outlook for further downside. Traders monitoring this setup should anticipate limited upside and watch for confirmation of this bearish continuation.

GBPJPY 60 Minute Elliott Wave Chart

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GBPJPY Video

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Source: https://elliottwave-forecast.com/new...rd-trajectory/
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Elliott Wave Outlook: Silver (XAGUSD) might have launched into the following leg higher

Silver (XAGUSD) has hit a key turning point after dropping from its October 23, 2024 peak. This decline unfolded in three distinct swings, following a zigzag pattern known as an Elliott Wave structure. Starting from that high, the first drop (wave A) landed at 29.68, followed by a bounce (wave B) to 34.58. Then, the final slide (wave C) bottomed out at 28.328, as seen on the hourly chart. This marked the end of a larger correction phase, called wave (4). Silver found its footing in a critical support zone between 24.86 and 28.56—a range calculated using Fibonacci tools, stretching 100% to 161.8% of the drop from the October high.

Now, silver is climbing again in what’s labeled wave (5). To confirm this upward trend, it needs to break past the prior peak of 34.86 from wave (3); otherwise, it might face another dip. Since bottoming out on April 7, 2025, at 28.328, silver rose to 30.81 (wave (i)), then eased back to 29.31 (wave (ii)). For now, as long as the 28.32 level holds firm, silver seems set to keep rising in the short term, offering hope for bullish traders.

XAGUSD (Silver) 60 Minute Elliott Wave Chart

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XAGUSD (Silver) Video

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QQQ Elliott Wave : Forecasting the Rally From the Blue Box
April 13, 2025 By EWF Vlada
Hello fellow traders,
In this technical article, we are going to present Elliott Wave charts of QQQ ETF . As our members know QQQ has recently bounce from the Equal Legs area. The EWF has reached the extreme zone from the 540.6 peak and found buyers as expected. In the following sections, we will explain the Elliott Wave forecast.
QQQ Elliott Wave 1 Hour Chart 04.06.2025
The current view suggests QQQ is trading within the cycle from the 540.63 peak that is unfolding as a Elliott Wave Zig Zag pattern. We expect an extension toward the extreme zone at 419.26-373.2 . At that zone buyers should re-enter, which could lead to a further rally in a 3 waves bounce at least. We recommend that members avoid selling QQQ .
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QQQ Elliott Wave 1 Hour Chart 04.10.2025

The ETF made made extension down and reached Equal Legs area as expected. QQQ found buyers, and made decent reaction from the Blue Box zone. Cycle from the peak ended at 395.86 low. As far as the mentioned pivot holds, we can see further strength in the ETF. As a result, members who took the long trades are enjoying profits in risk-free positions. The 395.86 level remains key for the current bullish outlook to stay valid.
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Source:https://elliottwave-forecast.com/sto...casting-rally/

XLV Elliott Wave : Double Reaction from Equal Legs Zone
April 14, 2025 By EWF Vlada
Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of XLV ETF published in members area of the website. As our members know, XLV is showing incomplete bearish sequences in the cycle from the 159.64 peak (August high). The price structure indicated further weakness, targeting 126.53-120.91. In the following text, we will provide a more detailed explanation of the Elliott Wave forecast.
XLV Elliott Wave 1 Hour Chart 04.08.2025
The ETF calls for more weakness due to lower low sequences in the cycle from the 159.65 peak. XLV is targeting the 126.53–120.91 area. We anticipate a further drop as long as the pivot at 147.67 holds. The current view suggests XLV is giving us a 3-wave recovery (ABC in red), which could complete around the 139.26-141.1 area (equal legs A-B in red). We do not recommend buying at this stage and continue to favor the short side.
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XLV Elliott Wave 1 Hour Chart 04.09.2025

XLV found sellers as expected and made the nice reaction from the sellers zone . We would like to see break down of the low and continuation of the bearish cycle.

XLV Elliott Wave 1 Hour Chart 04.09.2025

XLV continued trading lower, made break of previous low and make sharp turn. This type of moves are tipical for Elliott Wave Flat patternst, when first 2 legs A and B are corrective and wave C is impulsive. The price reached extreme zone again, and reacted lower. While below 139.46 peak we can consider (4) blue recovery completed, looking for another low to complete the cycle.
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
Reminder for members: Our chat rooms in the membership area are available 24 hours a day, providing expert insights on market trends and Elliott Wave analysis. Don’t hesitate to reach out with any questions about the market, Elliott Wave patterns, or technical analysis. We’re here to help.

Join us today !

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Ask unlimited questions during trading hours (Monday to Friday). Our Chat Rooms are an excellent place to learn, with continuous support from our market experts!
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/sto...ve-equal-legs/

Microsoft (MSFT) Poised for Gains: Elliott Wave Analysis Signals the Next Leg Up

The short-term Elliott Wave outlook for Microsoft (MSFT) paints a bullish picture, suggesting the stock has room to climb after a key low at $338 on April 7, 2025. This level marked the end of a corrective phase, known as wave (II), following a decline that began on July 5, 2024. That selloff unfolded in a three-wave pattern, a hallmark of a correction rather than a bearish trend. Notably, the final leg of this decline, starting from the December 12, 2024 high, didn’t reach a typical Fibonacci extension (1.618), reinforcing the idea that the market remains bullish on Microsoft.

Since hitting the $338 low, Microsoft has rallied in a five-swing pattern, a structure called a motive sequence, signaling potential for further gains. The rally’s first leg, wave (1), peaked at $373.65, followed by a dip to $346.75 in wave (2). The stock then surged to $393.23 in wave (3), with a brief pullback to $367.80 in wave (4). Now, Microsoft is likely nearing the end of wave (5), completing a larger wave ((1)).

Looking ahead, a wave ((2)) pullback is expected to correct the rally from April 7, but as long as the $338 low holds, any dips should find support in a three-, seven-, or eleven-swing pattern, setting the stage for more upside. This suggests short-term pauses but a continued upward trend for Microsoft, making it a stock to watch for bullish opportunities.

Microsoft (MSFT) 45 Minute Elliott Wave Chart

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MSFT Video

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SPDR Metals & Mining ETF $XME Blue Box Area Offers A Buying Opportunity
April 14, 2025 By EWFTaha
Hello everyone! In today’s article, we’ll examine the recent performance of SPDR Metals & Mining ETF ($XME) through the lens of Elliott Wave Theory. We’ll review how the decline from the November 07, 2024, high unfolded as a big 3-swing correction and discuss our forecast for the next move. Let’s dive into the structure and expectations for this ETF.
$XME Daily Elliott Wave Chart 4.06.2025:

In the Daily Elliott Wave count from April 06, 2025, we see that $XME completed a 5-wave impulsive cycle at blue ((I)). As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 3 swings first, likely finding buyers in the equal legs area between $48.07 and $38.93.

This setup aligns with a typical Elliott Wave correction pattern (ABC), in which the market pauses briefly before resuming its primary trend.
$XME Daily Elliott Wave Chart 4.13.2025:

The most recent update, from April 13, 2025, shows that the ETF bounced as predicted allowing buyers to get risk-free. After the decline from the November peak, the ETF is now finding support in the equal legs area. Currently, it is building a 5-wave impulse in wave ((1)), which should be followed by a pullback in wave ((2)). After that, the market is expected to continue higher in a renewed bullish cycle.
Conclusion
In conclusion, our Elliott Wave analysis of SPDR Metals & Mining ETF ($XME) suggests that it could bounce in the short term. As a result, traders should monitor the $56–$58 zone as the next potential target. In the meantime, keep an eye out for any corrective pullbacks that may offer entry opportunities. By applying Elliott Wave Theory, traders can better anticipate the structure of upcoming moves and enhance risk management in volatile markets.
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Source:https://elliottwave-forecast.com/sto...g-opportunity/

Boston Scientific (BSX) Poised For Rally Targeting $120.3
April 15, 2025 By EWFRaj
Boston Scientific Corporation (BSX) develops, manufactures & markets medical devices for use in various interventional medical specialties worldwide. It operates through MedSurg & Cardiovascular segments. It offers devices to diagnose & treat different medical conditions & offer remote patient management systems. It comes under Healthcare sector & trades as “BSX” ticker at NYSE.
BSX favors rally in V started from $85.98 low of 4.07.2025 as double correction ended in daily blue box area. It expects rally to extend towards $112.20 – $120.29 area to finish the impulse started from March-2020 low.
BSX – Elliott Wave Latest Weekly View:

In weekly sequence, it placed (II) at $24.10 low in March-2020 & II of (III) at $34.98 low in June-2022. Above there, it placed III of (III) at $107.17 high of 2.05.2025 & IV pullback at $85.98 low in daily blue box area on 4.07.2025. Within III, it ended ((1)) at $55.38 high, ((2)) at $48.35 low, ((3)) as extended wave at $91.93 high, ((4)) at $87.25 low & finally ((5)) at $101.17 high. The pullbacks of ((2)) & ((4)) are shallow in III, which indicates the strong bullish sequence.
BSX – Elliott Wave View From 3.17.2025:

In IV pullback, it placed ((W)) at $93.29 low as 3 swing pullback & ((X)) at $104.35 low. It reacted higher from the blue box area as expected in earlier article from 3.17.2025. Later, the correction extends as double correction & ((Y)) ended at $85.98 low. It placed (A) of ((Y)) at $97.85 low, (B) at $101.28 high & (C) at $85.98 low in blue box area. We like to remain long from daily blue box area with risk free long position as it reacted above 50 % of ((Y)) leg. It favors one more push higher in ((1)) of V. It expects V to extend towards $112.20 or higher levels. Until, it breaks above III high, the correction can extend, if breaks the 4.07.2025 low. If it extend higher & erase momentum divergence in daily, it can turn out nest in daily.
BSX – Elliott Wave Latest Daily View:

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Source:https://elliottwave-forecast.com/sto...rgeting-120-3/

Elliott Wave Outlook Confirms That GBPUSD Has Resumed Its Upward Move

GBPUSD has recently broken above its April 3, 2025 peak of 1.3207, which we identified as wave (1) in the chart. This breakout signals a bullish trend starting from the January 13, 2025 low of 1.2705, suggesting more upward movement ahead. The rally from this low follows a five-wave Elliott Wave pattern. This is a common structure in technical analysis indicating a strong trend.

Starting from the January 13 low, the first wave or wave (1) reached 1.3207.,A pullback in wave (2) then followed which ended at 1.2705. This pullback formed a zigzag pattern. Wave A dropped to 1.2823, wave B rose to 1.2934, and wave C fell to 1.2705, completing wave (2).

The pair has now moved higher into wave (3). From the wave (2) low, the first sub-wave (wave ((i))) peaked at 1.2864, followed by a dip in wave ((ii)) to 1.274. The third sub-wave (wave ((iii))) climbed to 1.314, and the fourth (wave ((iv))) dipped to 1.3027. The fifth sub-wave (wave ((v))) is expected to finish soon, completing
wave 1 of a larger pattern.

After this, the pair is likely to pull back in wave 2, correcting the upward move from the April 8, 2025 low. This correction could unfold in 3, 7, or 11 smaller swings before the pair resumes its upward trend. In the short term, as long as the 1.27 low holds, any dips should attract buyers in 3, 7, or 11 swings, supporting further gains.

GBPUSD 60 Minute Elliott Wave Chart

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GBPUSD Video

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Source: https://elliottwave-forecast.com/new...d-upward-move/
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Elliott Wave Insight: Gold Miners ETF (GDX) Surges in Strong Nested Impulse

The Elliott Wave analysis for the VanEck Gold Miners ETF (GDX) shows a strong bullish trend since December 30, 2024. This rally forms a “nesting impulse” pattern with smaller waves building into an extended third wave. From the December low, wave (1) peaked at $42.66, followed by a wave (2) pullback to $38.58. GDX then entered a powerful wave (3) with nested sub-waves driving prices higher.

In wave (3), wave 1 rallied to $46.94, with wave 2 correcting to $39.95. Wave 3 extended upward, with sub-wave ((i)) ending at $43.70. Sub-wave ((ii)) corrected to $40.91, then sub-wave ((iii)) surged to $52.91. Strong bullish momentum continues to dominate the gold mining sector. A pullback in sub-wave ((iv)) is now expected, attracting buyers for sub-wave ((v)). This should complete wave 3 before a larger wave 4 correction.

As long as the $39.95 pivot holds, dips should find support. Support may form in a 3, 7, or 11-swing pattern. This signals more upside potential for GDX in the near
term. Investors should watch these levels for strategic buying opportunities. The pattern suggests sustained interest in gold mining equities. Favorable commodity cycles likely contribute to this bullish sentiment.

Gold Miners (GDX) Elliott Wave Chart

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GDX Video
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Elliott Wave Analysis Indicates EURUSD is Extending Higher in an Impulsive Structure

The EURUSD currency pair is showing strong signs of continuing its upward trend, based on Elliott Wave analysis. Since its low on September 26, 2022, the pair has been climbing. However, it hasn’t yet hit its projected target of 1.19. This suggests more room to grow in the long term. For now, the pair remains a good opportunity for buyers as long as it doesn’t drop below the key support level of 1.0876.

Looking at a shorter time frame, starting from March 27, 2025, EURUSD is moving in a classic five-step upward pattern. The first step peaked at 1.1146, followed by a brief dip to 1.087. The pair then surged to 1.147, and pulled back slightly to 1.126. It is now expected to push higher to complete this short-term cycle. After that, a temporary dip is likely before the upward trend resumes.

In simple terms, as long as the pair stays above 1.0876 and hasn’t reached 1.19, any short-term declines should attract buyers in 3, 7, or 11 swing looking for more gains. Traders can watch for these dips as opportunities to join the bullish trend, with the next significant moves likely to unfold soon.

EURUSD 60 Minute Elliott Wave Chart

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EURUSD Video

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Source: https://elliottwave-forecast.com/new...ive-structure/
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Gold Miners Junior ETF (GDXJ) Extending Higher in Impulsive Structure

The VanEck Junior Gold Miners ETF (GDXJ), launched in 2009, focuses on small- and mid-cap gold and silver mining companies, primarily those generating most of their revenue from mining or related activities. Popular among investors chasing high-risk, high-reward opportunities in precious metals, the ETF offers targeted exposure. Below, we explore its Elliott Wave outlook.
GDXJ Monthly Elliott Wave View



The monthly Elliott Wave chart for GDXJ (Junior Gold Miners ETF) indicates a significant low of $16.87 in 2016, marked as wave ((II)). From this bottom, the ETF began a strong upward trend. The first major peak, wave (I), reached $52.50, followed by a dip to $19.52 in wave (II). The ETF then climbed again, hitting $65.95 in wave I, with a subsequent pullback to $25.80 in wave II. As long as the ETF stays above $16.87, it’s likely to continue rising in the near term.
GDXJ Daily Elliott Wave View



The daily Elliott Wave chart for GDXJ shows that a low of $25.79 marked the end of wave II. From there, the ETF began a strong upward move in wave III, structured as a five-wave pattern. Starting from wave II, wave (1) peaked at $41.16, followed by a dip to $30.46 in wave (2). The ETF then rallied to $49.13 in wave (3), with a pullback to $40.26 in wave (4). The final push, wave (5), reached $55.58, completing wave ((1)) on a larger scale. A correction in wave ((2)) bottomed at $41.85, and the ETF has since resumed its upward trend in a nested impulsive pattern.
GDXJ 4 Hour Elliott Wave View



The 4-hour Elliott Wave chart for the Junior Gold Miners ETF (GDXJ) shows that the cycle starting from the September 26, 2022 low peaked at $55.62, completing wave ((1)). A pullback in wave ((2)) followed, forming a zigzag pattern: wave (A) dropped to $44.11, wave (B) rallied to $51.03, and wave (C) fell to $41.91, finalizing wave ((2)). GDXJ then began climbing in wave ((3)) with a nested impulsive structure. From wave ((2)), wave (1) reached $53.05, and a dip in wave (2) ended at $47.29. The ETF continued higher in wave (3), with wave 1 peaking at $58.59 and a pullback in wave 2 bottoming at $49.18. As long as the $41.91 low holds, GDXJ is expected to keep rising in the near term.
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Source: https://elliottwave-forecast.com/sto...ive-structure/

GDX Elliott Wave Setup: Buying the Dip in the Blue Box Zone

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 Gold Miners ETF GDX . The ETF completed its 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 and explain trading setup.
GDX Elliott Wave 1 Hour Chart 04.17.2025
The current analysis suggests that GDX is forming a wave ((iv)) black correction. The pull back is incomplete at the moment, we expect another leg down . We anticipate an extension toward the extreme zone at 50.61-49.61 area, where we are looking to re-enter as buyers.
We recommend members to avoid selling GDX. As the main trend remains bullish, we anticipate at least a 3-wave bounce from this Blue Box 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. On other hand, breaking below the 1.618 Fibonacci extension level at 49.61 would invalidate the trade.
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Red bearish stamp+ blue box = Selling Setup
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GDX Elliott Wave 1 Hour Chart 04.21.2025
The ETF extended lower into the Blue Box area and attracted buyers, just as expected. GDX has since made a solid rally from our Buying Zone, breaking to new highs. As a result, any long positions entered at the Blue Box are now risk-free. We’ve moved our stop loss to breakeven and already booked partial profits.
The correction appears to have ended at the 50.48 low. As long as price remains above this level, further upside remains likely. Alternatively, if that low is broken, we anticipate a deeper pullback and will look to buy the dips again at the next equal-leg zone.
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Source: https://elliottwave-forecast.com/tra...ying-blue-box/

Dollar Index (DXY) Faces Continued Downtrend in Elliott Wave Bearish Pattern


The Dollar Index (DXY) has experienced a significant decline since President Trump’s tariff war intensified global trade tensions. From its peak on September 26, 2022, the Index has exhibited a clear bearish sequence. This decline aligns with an Elliott Wave structure, offering insights into potential future price action.

The current bearish sequence is unfolding as a corrective zigzag pattern, labeled ((A))-((B))-((C)). Waves ((A)) and ((B)) have completed, and the Index is now in the ((C)) leg. Wave ((C)) leg subdivides into a strong five-wave impulse to the downside. Based on Fibonacci extensions, the projected target for this decline lies between 85.5 and 94.9. This corresponds to the 100% – 161.8% Fibonacci extension levels from the prior structure. This zone represents a critical support area where buyers may attempt to step in.

In the shorter cycle, the DXY is expected to face resistance in a 3, 7, or 11-swing corrective rally. As long as the pivot at 103.5 holds, the bearish momentum should persist, driving the index toward the Fibonacci target zone. Traders should monitor these levels closely, as a break above 103.5 could invalidate the immediate bearish setup, while continued failures at resistance reinforce the downside bias.

This Elliott Wave outlook suggests the DXY remains vulnerable, with the tariff war’s ripple effects continuing to pressure the dollar. Stay vigilant for price action near the 85.5 – 94.9 range for potential reversal signals.

Dollar Index (DXY) 60 Minute Elliott Wave Chart

Attached Image (click to enlarge)

DXY Video

Inserted Video

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Vertiv Holdings (VRT) Eyes Next Rally From Blue Box Area
April 22, 2025 By EWFRaj
Vertiv Holdings Co., is an American multinational provider of critical infrastructure & services for data centers, communication networks & commercial & industrial environments. It comes under Industrials sector & trades as “VRT” ticket for NYSE.
As expected in the previous article, VRT ended impulse sequence (I) at $155.84 high in January-2025. Below there, it favors zigzag correction in (II) towards $68.08 – $31.94 area before next rally. It reached the daily blue box area & should continue rally against $31.94 low.
VRT – Elliott Wave Latest Weekly View:

In weekly, it favors (II) pullback in 3 swings pullback & buyers should take control soon. It placed I at $28.80 high in August-2021 & II as flat correction at $7.76 low in July-2022. Above that low, it resumed higher in extended III sequence, which ended at $109.27 high in May-2024. Within III, it placed ((1)) at $17.88 high, ((2)) at $11.95 low, ((3)) at $88.69 high, ((4)) at $72.58 low & finally ended ((5)) at $109.27 high as III. It ended IV as zigzag correction at $62.40 low & V as (I) at $155.84 high.
VRT – Elliott Wave Latest Daily View:

Below (II) low, it favors lower in c & expect to break below 4.07.2025 low to finish the correction. Within (II), it placed a at $97.50 low & b at $126.53 high. It placed ((1)) of c at $76.10 low, ((2)) at $94.20 high, ((3)) at $53.60 low, ((4)) at $76.49 high & favors downside in ((5)). It expects ((5)) to extend towards $48.12 – $36.25 area to finish c in zigzag correction. We like to remain long from daily blue box area against $31.94 low for next move higher. It should continue rally later in (III) or at least larger 3 swing bounce.
VRT – Elliott Wave View From 9.23.2024:

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

IONQ Analysis: 3-Wave Pullback Complete, Next Stop Higher?
April 22, 2025 By Hassan Sheikh
IONQ inc. is a pioneer in the development and manufacturing of quantum computers, focusing on quantum computing and quantum information processing. Founded in 2015 by Christopher Monroe and Jung Sang Kim, the company is headquartered in College Park, MD.
This blog post provides an in-depth technical analysis of IONQ’s stock performance, specifically its weekly chart. Key findings include:

1. Two upward channels emerging from all-time lows

1. A potential nest structure forming, indicating further upside potential for the IONQ ticker symbol.

In which the rally to $35.90 high ended wave ((I)) and down from there made a pullback lower. The internals of that pullback unfolded as a double three structure where wave (w) ended at $9.16 low. Then a bounce to $17.66 high ended wave (x) bounce. And wave (y) ended at $3.03 low, thus completed wave ((II)) pullback. Up from there, the stock is nesting higher in an impulse sequence where wave (I) ended at $21.60 high. Wave (II) pullback ended at $6.22 low and made a very nice rally higher. Since then the stock rallied in wave I at $54.74 high and made a 3 wave pullback in wave II. The internals of that pullback unfolded as zigzag correction where wave ((A)) ended at $25.92 low. Wave ((B)) bounce ended at $45.56 high and wave ((C)) ended at $17.88 low. Near-term, as far as dips remain above $17.88 low expect stock to resume the upside.
IONQ Elliott Wave Weekly Analysis From 4.22.2025

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Hindustan Copper Elliott Wave: Blue Box Support Delivers Another Bullish Reversal
April 22, 2025 By Arman Kumar
Hindustan Copper Ltd. (HINDCOPPER) Elliott Wave Analysis: Blue Box Wins Again, Bulls Take Control
Hindustan Copper Ltd. (HINDCOPPER) continues to respect the principles of Elliott Wave Theory, as the recent price action once again validated the power of the Blue Box area. Over the past few months, the stock underwent a deep and complex correction, but as anticipated, buyers showed up exactly where they were expected—within the Blue Box support zone. This reinforces the reliability of the Blue Box as a high-probability area for a trend resumption.
Elliott Wave Structure from 01.14.2025
From the 2022 lows, HINDCOPPER advanced in a clear five-wave impulsive structure, culminating in a peak near ₹353.60. This rally marked the end of wave ((3)). What followed was a typical WXY double correction pattern in wave ((4)). This correction retraced deep into the Fibonacci zone between the 100% and 161.8% extension, marked as the Blue Box.
The chart from January 14, 2025, highlighted this Blue Box support area between ₹234.77 and ₹182.28. Price action at the time had just entered the zone, and the wave count suggested the completion of the corrective sequence. Fast-forward to the latest chart dated April 21, 2025, and the outlook has played out beautifully. The stock reversed precisely from the Blue Box area, with wave C of ((4)) completing the correction.

Current Outlook: Blue Box Reaction

The bounce from the Blue Box confirms completion of wave ((4)) and the beginning of new cycle in wave ((5)). The updated chart shows an impulsive structure emerging from the lows, reinforcing the idea that the trend has shifted back to the upside. The message “We Do Not Recommend Selling” and the “Turning Up” tag at the bottom of the chart align perfectly.
As long as price remains above the invalidation level of ₹93.60, the bias remains firmly bullish. The stock is now poised to challenge previous highs and potentially extend beyond ₹420 in the coming months.


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Source:https://elliottwave-forecast.com/sto...lish-reversal/