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FTSE Elliott Wave Update: Short-Term 5 Swing Pattern Favors Additional Gains

The FTSE index experienced a significant decline from its high on April 3, 2025, reaching a low of 7552.65. We identify this as the completion of wave II. This downturn followed a zigzag pattern, a common structure in Elliott Wave analysis. Starting from the April high, the decline unfolded in three phases: wave ((A)) dropped to 8481.1, wave ((B)) rebounded to 8742.75, and wave ((C)) fell further, structured as a five-wave impulse. Within wave ((C)), the sub-waves progressed as follows: wave (1) hit 8615.96, wave (2) recovered to 8717.03, wave (3) fell to 8023.45, wave (4) rose to 8123.27, and wave (5) concluded at 7547.69, finalizing wave ((C)) and wave II.

Since hitting this low, the FTSE has begun to recover. The ongoing rally from the wave II low is unfolding in a five-wave upward pattern, suggesting potential for further gains. So far, wave 1 of this rally peaked at 8021.77, and wave 2 pulled back to 7599.56. We anticipate wave 3 to push higher soon, followed by a wave 4 pullback, and then a final wave 5 to complete wave (1) of the broader upward move. In the short term, as long as the 7547.69 low holds, any dips are likely to attract buyers at key levels (often referred to as 3, 7, or 11 swings in Elliott Wave terms), supporting further upside.

FTSE 60 Minute Elliott Wave Chart

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FTSE Video

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Source: https://elliottwave-forecast.com/new...-favors-gains/
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ETHUSD Elliott Wave : Forming the ((c)) Leg of a Potential Zig-Zag Pattern
April 22, 2025 By EWF Vlada
Hello fellow traders. In this technical article, we are going to present another Elliott Wave charts of Ethereum ETHUSD. The crypto ended cycle from the 2104.3 peak and now correcting it. In the following sections, we will delve into the specifics of the Elliott Wave pattern.
ETHUSD Elliott Wave 1 Hour Chart 04.18.2025
The current analysis suggests that ETHUSD is forming a wave 2 red recovery. The correction is incomplete at the moment, we expect another leg up. As far as the price stays above 1537.8 low toward 1775 -1847 area .

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ETHUSD Elliott Wave 1 Hour Chart 04.22.2025

The crypto held above the 1537.8 low and continued to rally, as expected. The price is ideally heading toward our first target area at 1775. We do not recommend selling the crypto at this time. However, keep in mind that the cycle from the December 2024 peak still appears incomplete. Therefore, as long as the 2105 pivot holds, further downside could follow once the current correction is complete.
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Thank you for exploring our ETHUSD analysis.
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Source:https://elliottwave-forecast.com/cry...rming-zig-zag/

QQQ Elliott Wave : Forecasting the Rally From Equal Legs Zone
April 22, 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 is trading within the cycle from the 396 low. Recently the ETF has reached the extreme zone from the April 9th peak and found buyers as expected. In the following sections, we will explain the Elliott Wave forecast.
QQQ Elliott Wave 1 Hour Chart 04.21.2025
The current view suggests QQQ is about to complete the cycle from the peak. Correction is reaching the extreme zone at 429.35-420.91 area. At that zone buyers should re-enter, which could lead to a further rally toward new highs or in a 3 waves bounce at least. We recommend that members avoid selling QQQ and keep favoring the long side.
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.

QQQ Elliott Wave 1 Hour Chart 04.10.2025

QQQ found buyers, and made decent reaction from the Equal Legs zone : 429.35-420.91. Cycle from the peak ended at 428.3 low. As far as the price stays above that low, we can see further strength in the ETF. As a result, any long trades from the marked zone should be in risk-free positions with partial profits taken.
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Source:https://elliottwave-forecast.com/sto...ly-equal-legs/

Xylem Inc. (XYL) Begins A New Elliott Wave Bullish Cycle
April 23, 2025 By Arman Kumar
Xylem Inc. (XYL) has completed its wave (2) correction and is now poised to rally in wave (3) of (III), according to Elliott Wave analysis
Xylem Inc. (NYSE: XYL) continues to respect its long-term Elliott Wave structure with impressive precision. As seen in the weekly chart, the stock recently completed a corrective wave (2) and appears to be resuming a new bullish leg within a larger impulsive cycle. The broader trend remains bullish as the price action aligns perfectly with the Elliott Wave Principle.
From the 2009 low, XYL has progressed in a multi-decade impulsive structure. The rally unfolded in five waves to form wave (I), which peaked in 2021. This was followed by a significant three-wave correction labeled as wave (II), bottoming in 2022. Since then, the stock has embarked on another five-wave impulse higher, beginning wave (III). Within that cycle, we can observe the completion of wave (1) and a recent pullback that likely marks the end of wave (2).

Since then, the stock has begun a new advance. The recent structure shows completing wave (1) of ((III)), followed by a three-wave correction labeled as wave (2). This pullback is now likely complete, and the next leg higher in wave (3) is expected to unfold.

The “Right Side” tag remains bullish. This encourages traders and investors to stay aligned with the trend and avoid selling prematurely. The bullish scenario holds as long as the price remains above the invalidation level of $23.50. Xylem’s technical setup favors further upside. Traders may look to buy pullbacks while respecting key structural levels. As the wave (3) rally unfolds, new highs toward and beyond the $160 mark could be seen in the coming months.
Conclusion:
Xylem Inc. appears to have completed a textbook wave (2) correction and is likely starting a new bullish phase. With structure and momentum favouring the upside, the long-term view remains bullish as the next leg higher unfolds.
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Source:https://elliottwave-forecast.com/sto...ii-correction/

Elliott Wave: Copper (HG) Impulsive Rally Signals More Upside

Copper ($HG) has been displaying a strong bullish trend, with the rally from the July 11, 2022 low unfolding in a Elliott Wave diagonal. This rally is structured as a 5-swing pattern, which is characteristic of a motive wave. This suggests that the broader trend favors further upside. As of the latest price action, the metal has completed a significant corrective phase and is now positioned for additional gains.

The recent pullback to the 4.03 low on April 7, 2025, marked the completion of wave ((4)). It is a corrective wave within the larger 5-wave diagonal structure. Following this low, copper has turned higher, initiating wave ((5)). This wave ((5)) is the final leg of the motive sequence. Within wave ((5)), the short-term rally from the wave ((4)) low at 4.03 appears to be unfolding in an impulsive manner, indicating strong upward momentum. Wave 1 ended at 4.465 and pullback in wave 2 ended at 4.038. The metal then rallied higher in wave 3 towards 4.748 and wave 4 dips ended at 4.564.

Expect cycle from April 7, 2025 low to end soon with wave 5 of (1) and the metal to see a 3 waves pullback. However, as long as pullbacks remain above the 4.03 low, copper is expected to see more upside. The Elliott Wave framework continues to support a bullish bias for $HG in the near term.

Copper (HG) 60 Minute Elliott Wave Chart

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HG Video

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Source: https://elliottwave-forecast.com/new...ignals-upside/
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Elliott Wave View: USDCHF Zigzag Corrective Rally Expected to Fail

The USDCHF currency pair has been trending downward since its high on January 13, 2026. The pair follows a pattern known as a 5-wave impulse in Elliott Wave analysis. This pattern helps traders predict price movements by breaking them into distinct waves. Starting from the peak, the first wave (wave 1) saw the pair drop to 0.8965. After this decline, a brief recovery, or wave 2, pushed the price back up to 0.9196. From there, the pair resumed its downward trajectory in wave 3, which unfolded in several stages.

In wave 3, the price first fell to 0.8356, marking the end of an internal sub-wave (wave ((i))). A small bounce to 0.8583 completed wave ((ii)). The decline continued, with wave ((iii)) reaching 0.8096, followed by a slight rally to 0.8203 for wave ((iv)). The final leg of wave 3, wave ((v)), bottomed out at 0.803, wrapping up the third wave.

Currently, USDCHF is in an upward correction in wave 4, which is taking the shape of a zigzag pattern. From the low at 0.803, the pair climbed to 0.8124 in wave (i). Pair dipped to 0.8066 in wave (ii) then rose again to 0.8286 in wave (iii). A pullback to 0.8194 marked wave (iv), and the final push to 0.8311 completed wave ((a)), the first part of wave 4. Right now, the pair is experiencing a short-term pullback, called wave ((b)), correcting the rise that began on April 21, 2025. As long as the key support level at 0.8036 remains intact, USDCHF is expected to resume its upward movement soon, potentially reaching higher levels before the next major trend develops.

USDCHF 60 Minute Elliott Wave Chart

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USDCHF Video

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Source: https://elliottwave-forecast.com/new...expected-fail/
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S&P500 (SPX) Elliott Wave Forecasts Amid Tariff Uncertainties
April 24, 2025 By EWFSanmi
There has been a back and forth regarding the tariff headlines as traders and investors are clouded in uncertainties. Clearly, the economic war has narrowed to a face-off between the US and China. Meanwhile, if we take our eyes away from the headlines, what’s price telling us? In this article, we will use the Elliott wave theory to discuss the possible paths the S&P500 (SPX) could take in the coming weeks.
Early in April, the US President, Donald Trump announced the largely anticipated tariff plans. Shortly afterwards and days after, most assets especially the risk assets started to bleed. Investors panicked and converted to cash until the dust settled. Afterwards, cash flows went into precious metals especially Gold which saw some of it’s biggest gains in the last 100 years. Gold reached record highs multiple times while the US Indices faltered.
However, before the sell-off on the US Indices – S&P500 (SPX) and others, we had anticipated that the bullish cycle from October was getting completed. Thus, we warned members in our live sessions. However, we expected the expected decline to correct the cycle from August 2024 and then turn higher but the trade war impact had forced prices much lower to now correct the bigger bullish cycle from October 2022. In the Elliott wave terms, the bullish cycle from October 2022 marked the start of the wave ((III)) grand supercycle degree. From the lows of October 2022, price completed an impulse sequence for wave (I) of ((III)) in February 2025. Thus, from the high of February, wave (II) emerged. We intended to buy wave (II) if it completed a 3 or 7 swing structure.
SPX: A typical 3 or 7 swing pullback for (II)?
The first impact from the February high was a clear 3-swing decline that ended at the extreme area where we recommended members should buy for some profit.. Price rallied from the extreme as expected. Members reached the first target and are running a risk-free trade after taking partial profit. Going forward, the debate is whether the rally will be corrective or impulsive toward the February high. The chart below shows the scenario where wave ((II)) already finished at the April 2025 low.
SPX H4 – Ist Scenario

SPX H4, 1st Scenario

The chart above shows wave (II) may have ended at the April low and the recovery should emerge higher for wave (III) above the February high. If the tariff risks de-escalate, this scenario should work and buyers push higher. However, to add to our long position, we like to see the rebound from April complete a 5-swing. If wave (1) ends with a 5-wave structure, then we can buy the next 3/7 swing pullback from the blue box and join buyers as they push further. However, if the tariff risks escalate, then SPX could push lower from higher prices as the second scenario below shows.
H4 – 2nd Scenario

SPX H4 – 2st Scenario

The H4 chart above indicates that wave (II) may develop lower for a deeper 7-swing structure. Corrective structures evolve as 3, 7 or 11 swing sequences. The 3-swing sequence ended wave W. However, the current reaction from the April low can also be interpreted as a a corrective – 7-swing in wave X of (II). Thus, price may still push higher to 5754 or thereabout and then turn sharply lower again. A break below the 4827 low will confirm this scenario. If this happens, we will look to buy lower at the extreme of the 7-swing structure. However, if price breaks below 4827, we could take short term shorts from the extreme of 3 or 7 swing bounces toward the next extreme for wave (II).
No matter what happens between the US and China in the coming days, weeks or months, we already mapped out how we will like to trade SPX. We don’t even need to follow the headlines let alone trading them. All will need is the price action, our Elliott wave skills and our proprietary blue box.
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Source:https://elliottwave-forecast.com/sto...-amid-tariffs/

Royal Gold (RGLD) Bullish Nest for a Break Above $200
April 24, 2025 By EWFAyoub
Royal Gold (NASDAQ: RGLD), founded in 1991, is a global leader in precious metals royalty and streaming. With interests in 194 properties across 20+ countries, it manages gold, silver, copper, lead, and zinc assets. This article evaluates its bullish Elliott Wave framework and highlights potential paths for further growth.
Following 5 years of consolidation in a sideways range, RGLD has decisively surged to new all-time highs within a robust impulsive wave (III) structure. The weekly chart reveals a nesting formation to the upside, therefore, it’s suggesting a third wave extension is likely to unfold, reinforcing the stock’s bullish trajectory.
The chart below illustrates the Nest formation, showcasing the I-II series leading up to the wave III extension. Certainly, identifying and capitalizing on a breakout within a nest is among the most rewarding opportunities for Elliott Wave traders.
Third Wave Extension

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Remember, the market is dynamic, so the presented view may have changed in the meantime. You can also ask for live updates in our Live Trading Room, where our expert analysts provide next buying opportunity based on new market data.
RGLD Weekly Chart

RGLD is expected to continue its rally through a series of 4th and 5th waves, completing its entire cycle from 2020 within a 5-wave advance above $200. Once this cycle concludes, a larger degree correction is anticipated. In the meantime, we expect the daily pullback to remain supported. After that, buyers are likely to seek long entries, positioning themselves against the December 2024 low of $130.6. This level serves as a critical support point in the ongoing bullish progression.

The following video offers a technical outlook based on RGLD Elliott Wave Daily and Weekly cycles :
https://elliottwave-forecast.com/wp-...Weekly.mp4?_=1
The preferred strategy is to consider buying the stock after it forms a 3, 7, or 11 swings sequence from the peak. Using our extreme Blue Box system will help identify the optimal entry points, providing clarity and precision in your trading decisions. Explore our system to gain deeper insights into this methodology.
Source:https://elliottwave-forecast.com/sto...est-break-200/

AXP’s Bullish Momentum: Eyes Set on All-Time Highs Post Correction
April 27, 2025 By EWFLuis
American Express Company (NYSE: AXP), a leading multinational financial services corporation based in New York City, continues to solidify its position as a prominent player among the Dow Jones Industrial Average’s 30 components. As it specializes in payment cards, the company consistently demonstrates significant market performance, further enhancing its reputation.
Meanwhile, analysts hold mixed opinions regarding American Express (AXP). While the stock carries a consensus rating of “Hold,” evaluations from 24 analysts reveal varying perspectives. Notably, 8 recommend buying, 15 suggest holding, and 1 advises selling. Moreover, the average price target currently stands at $295.05, with projections ranging from a high of $370.00 to a low of $235.00. For instance, some analysts, such as Wells Fargo, have raised their price target to $370.00, reflecting an optimistic outlook on AXP’s growth potential. However, on the other hand, some express concerns about short-term performance, which has resulted in sell ratings.
American Express (AXP) Elliott Wave View
Utilizing Elliott Wave Principle, AXP’s movements reveal an ongoing bullish trajectory, with extensions continuing to attract strategic interest. Let’s examine how the structure has been developing over the past year.
April 2024:


In April 2024, AXP advanced confidently as wave (V) of ((I)). Wave I reached its peak at 189.03 high before wave II corrected to 130.65 low. From there, the stock launched into strong rallies, marking wave ((3)) of III, and created ideal buying opportunities for traders aligned with the trend.
August 2024:

After 4 months, AXP peaked at 256.24 high as wave ((3)), followed by a significant pullback as wave ((4)), which retested the previous wave (4) low around 222.03. The market continued to the upside in wave ((5)). If there was not more extension, this wave ((5)) of III was expected to reach the 264.28–277.31 zone, signaling the potential start of a larger wave IV correction.

January 2025:


As January 2025 unfolded, the rally surpassed expectations, reaching the upper range of 264.28–277.31. Wave ((5)) of III continued its extension, with bullish momentum still dominating. The cycle was expected to conclude around 320.00, where AXP could initiate a pullback in wave IV. The first target for this pullback would likely involve a retest of the prior wave (4) support, approximately in the 280.00–290.00 area.
April 2025:

The price action of AXP completed wave ((5)) of III at the high of 326.27 and then reversed sharply to the downside. The market attempted to rebound near 290, close to the beginning of wave (4), but sellers took control and broke the support, initiating the wave IV pullback. Wave IV formed a corrective zigzag structure, revisiting the zone of the previous wave ((4)). This correction ended at the low of 220.43. At this stage, we expect the bullish movement to persist until wave ((1)) is completed, followed by a correction in wave ((2)). This correction should remain above the low of wave IV to keep the bullish scenario valid. Once wave ((2)) retracement is completed, the market is likely to accelerate toward new highs, potentially reaching the target of 351.70 – 392.36 zone.

Stay tuned for market movements and trade wisely!

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Source:https://elliottwave-forecast.com/sto...st-correction/

Elliott Wave Outlook: $IBEX Poised to Surge to 6 Year High


The $IBEX, Spain’s stock market index, may soon surpass its peak from March 25, 2025, before a tariff war triggered a selloff. That peak marked the end of wave I in Elliott Wave analysis. The subsequent decline, wave II, formed a zigzag pattern, as shown on the 1-hour chart. From the March 25 high, wave ((A)) dropped to 13,051.8, wave ((B)) rebounded to 13,347.3, and wave ((C)) fell to 11,570.06, completing wave II.

Since then, the $IBEX has recovered strongly, with the rally from wave II following an impulsive Elliott Wave pattern. Starting from wave II, wave 1 peaked at 12,318.8, and wave 2 dipped to 11,615.2. The index then climbed in wave 3, with sub-waves ((i)) at 12,810.8, ((ii)) at 12,158.5, ((iii)) at 13,241.2, and ((iv)) at 13,110.4. The index is expected to soon complete wave ((v)) of 3, followed by a wave 4 pullback, before rising again in wave 5 to finish wave (1).

After that, a correction in wave (2) from the April 7, 2025 low is likely before the index continues higher. In the near term, as long as the 11,570.06 low holds, any pullbacks should attract buyers in a 3, 7, or 11-swing pattern, supporting further gains.

IBEX 60 Minute Elliott Wave Chart

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IBEX Video

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Source: https://elliottwave-forecast.com/new...e-6-year-high/
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AMD Elliott Wave Calling the Rally after ABC Pull Back
April 28, 2025 By EWF Vlada
Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of AMD Stock published in members area of the website. As our followers know, the stock is trading within the cycle from the 75.21 low. Recently, we forecasted the end of the short-term pull back (B) in blue and called for a further rally in the stock. In the following text, we’ll explain the Elliott Wave analysis and present target areas.
AMD Elliott Wave 1 Hour Chart 04.21.2025
AMD stock is showing a three-wave pullback against the 75.21 low. The correction already displays enough swings, and we expect it to complete at any moment. Our members know that in such cases we can easily identify the reversal area by measuring the Equal Legs zone (A related to B), which comes in at the 85.0–82.0 area. We expect buyers to appear within the mentioned zone and to see a further rally in the stock from there.
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AMD Elliott Wave 1 Hour Chart 04.28.2025

AMD found buyers as expected at the Equal Legs area (85.0–82.0) and has delivered a decent rally so far. Now, we would like to see a break above the April 9th peak to confirm further extension to the upside toward the 105.82+ zone.
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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Source:https://elliottwave-forecast.com/sto...calling-rally/

Uranium Miners ETF ($URA): Correction Likely Over, Now Rising
April 29, 2025 By EWFHendra
The Global X Uranium ETF (URA) tracks a market-cap-weighted index of companies in the uranium mining and nuclear components sector. The ETF, featuring key holdings like Cameco Corp, has a market cap of approximately $3.9 billion and a dividend yield of about 6.07%. Elliott Wave Technical Analysis point to continued growth potential.
$URA Elliott Wave Chart Monthly Chart

The monthly chart of $URA indicates that the ETF completed wave ((II)) of the Grand Super Cycle at 7.01. Since then, it has been advancing in an impulsive structure. From the March 18, 2020 low, wave I peaked at 31.60, followed by a wave II pullback that concluded at 17.65. The ETF then progressed in wave III, which unfolds in five sub-waves. From the wave II low, wave ((1)) reached 33.66, and the wave ((2)) pullback ended at 19.50. As long as the 7.01 pivot remains intact, the ETF is expected to continue its upward trajectory.

$URA Daily Elliott Wave Chart

The daily chart of $URA indicates that wave ((2)) concluded at 19.47, unfolding as an expanded flat. Within this structure, wave (A) bottomed at 22.79, wave (B) rallied to 33.99, and wave (C) declined to 19.47, completing wave ((2)). The ETF has since turned higher, and as long as the 19.47 pivot holds, any pullbacks are expected to find support in a 3, 7, or 11-swing structure, setting the stage for further upside.

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Source:https://elliottwave-forecast.com/sto...ly-now-rising/

TJX Companies (TJX) Extends Bullish Sequence
April 29, 2025 By EWFRaj
TJX Companies, Inc., (TJX) operates as an off-price apparel & home fashions retailer in Unites States, Canada, Europe & Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada & TJX International. It comes under Consumer Cyclical sector & trades as “TJX” ticker at NYSE.
TJX favors rally as discussed in previous article, targeting $137 or higher levels in V of (III). Above 4.21.2025 low, it expects new high to finish the impulse from 4.07.2025 low.
TJX – Elliott Wave Latest Daily View:

In Weekly, it started ((III)) bullish sequence from March-2020 low of $32.72. It placed (I) impulse at $77.35 high & (II) at $53.69 low as 0.5 Fibonacci retracement in May-2022 low. Above there, it favors upside in (III) & expect rally to extend towards $128 or higher levels before (IV) pullback start. Within (III), it placed I at $64.84 high, II at $54.55 low, III at $128 high as extended wave, IV at $112.10 low & favors rally in V. Within III, it placed at ((1)) at $69.77 high, ((2)) at $59.78 low, ((3)) at $121.13 high, ((4)) at $111.22 low & ((5)) at $128 high.
TJX – Elliott Wave View From 3.24.2025:

Above IV low of $112.10, it favors rally in ((1)) of V. So far, the structure appears overlapping diagonal in ((1)) of V. But if it manages to erase the momentum divergence in next rally, it can be nest in V. It placed (1) of ((1)) at $128.33 high, (2) at $116.37 low, (3) at $131.30 high & (4) at $122.25 low. It favors rally in (5) to finish ((1)) towards $133.41 – $136.86 area as the part of diagonal from 4.07.2025 low. Buyers from the blue box area are already having risk free long position. After finishing ((1)), it should pullback in 3, 7 or 11 swings against 4.07.2025 low, which remain supported at extreme area. We like to buy the pullback at extreme area.
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Source:https://elliottwave-forecast.com/sto...lish-sequence/

Elliott Wave Forecast: Nike ($NKE ) Rally to Fail in 7-Swing Pattern

Nike (NKE) shows a bearish trend that began at its peak on November 8, 2021, indicating potential for further declines. On a shorter cycle, the stock’s drop from its October 1, 2024 high is developing as an impulsive Elliott Wave structure, characterized by sharp downward moves. From that high, wave (1) concluded at $68.62, followed by a wave (2) recovery that peaked at $82.44. The stock then continued its descent in wave (3), reaching $50.87, as illustrated in the 45-minute chart below.

Currently, Nike is in a corrective phase, forming wave (4) as a double three Elliott Wave pattern. From the wave (3) low, wave ((a)) rose to $59.22, followed by a wave ((b)) dip to $51.90. The subsequent wave ((c)) advance ended at $59.76, completing wave W. A pullback in wave X bottomed at $52.28, and the stock is now progressing in wave Y, structured as another double three pattern. From wave X, wave ((w)) reached $59.48. A brief pullback in wave ((x)) is expected to conclude soon, setting the stage for wave ((y)) to push toward the blue box zone of $61.09–$66.49. Sellers are likely to emerge in this area, potentially driving the stock lower again.

Nike (NKE) 45-Minute Elliott Wave Chart

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Nike Video Analysis

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Source: https://elliottwave-forecast.com/new...ail-in-7swing/
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Elliott Wave Forecast: Netflix (NFLX) Hits New Highs Post-Tariff War

Netflix (NFLX) has surged to a new all-time high, overcoming market jitters sparked by President Trump’s tariff announcements. The stock hit a low of $821.10 on April 7, 2025, during tariff-related volatility but has since rallied in a five-wave impulse pattern, as outlined by Elliott Wave theory—a method used to forecast price trends.

From the April 7 low, Wave (1) peaked at $922.42, followed by a pullback in Wave (2) to $848.53. Netflix then entered Wave (3), which is still unfolding. Within Wave (3), the first sub-wave, Wave 1, reached $951.43, and a corrective Wave 2 ended at $894. Wave 3 of (3) is now in progress, showing a smaller impulsive structure. Within this Wave 3, the first smaller sub-wave, Wave ((i)), hit $992.94, and the pullback in Wave ((ii)) concluded at $949.16.

Wave ((iii)) of 3 is nearing completion, after which a brief dip in Wave ((iv)) should occur. Afterwards, Netflix should rise again in Wave ((v)) to finish Wave 3 of (3). As long as the $848.53 support holds, pullbacks should attract buyers in 3, 7, or 11 swings, paving the way for further upside. Expect additional highs as the bullish trend continues.

Netflix (NFLX) 45-Minute Elliott Wave Chart



Netflix Video Analysis

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Source: https://elliottwave-forecast.com/new...st-tariff-war/
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Nasdaq Futures (NQ): 5 Swing Pattern Points to Further Gain

Nasdaq Futures (NQ) experienced a sharp selloff following a tariff announcement by President Trump, with the decline starting from a peak on December 16, 2024, at 22,450. The selloff concluded at 16,465.89 on April 7, 2025, which we’ve labeled as wave (II). For the Index to confirm a bullish trend and rule out a potential double correction, it must break above the December 16, 2024, high of 22,450. In the short term, the rally from the April 7 low of 16,465.89 is unfolding as a five-swing pattern. It is a motive sequence that suggests further upside potential.

From the April 7 low, the rally is developing as a five-wave diagonal structure. Wave 1 peaked at 18,361.5, followed by a wave 2 pullback to 16,735. The Index then surged in wave 3 to 19,386.75, with a wave 4 dip ending at 17,700. Currently, wave 5 is in progress, with sub-wave ((i)) topping at 19,688.5 and sub-wave ((ii)) bottoming at 19,103.75. Sub-wave ((iii)) reached 20,125.75, and a potential sub-wave ((iv)) pullback may have concluded at 19,749.5.

The Index is expected to push higher once more in sub-wave ((v)) to complete wave 5 of (1). After this, a wave (2) pullback should occur, likely in a 3, 7, or 11-swing pattern, before the Index resumes its upward trend. As long as the 16,465.89 low holds, dips are expected to attract buyers in 3, 7, or 11-swing patterns, supporting further gains in the near term.

Nasdaq 60 Minute Elliott Wave Chart

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Nasdaq (NQ) Video Analysis

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Nifty Elliott Wave Forecast: Impulsive Sequence Approaching Its End

The Nifty Index has staged a notable recovery after a selloff that began on September 27, 2024, from a high of 21,748.65. We label this decline as wave (II), and the index has since turned upward. However, to confirm that the correction is over and avoid a potential double correction, the index must break above its previous peak of 26,277.35. The rally from the wave (II) low is expected to unfold as a five-wave impulse structure, a pattern commonly analyzed in Elliott Wave theory.

Starting from the wave (II) low, the first wave (wave 1) peaked at 22,697.2, followed by a pullback in wave 2 that bottomed at 22,353.25. The index then surged in wave 3, which itself subdivided into a smaller impulsive structure. Within wave 3, the first sub-wave ((i)) reached 23,372.75, followed by a dip in wave ((ii)) to 23,273.05. The third sub-wave ((iii)) climbed to 24,242.6, with a brief pullback in wave ((iv)) to 24,126.95. The final sub-wave ((v)) concluded at 24,359.3, completing wave 3. A subsequent wave 4 pullback found support at 23,847.85.

Currently, the index may achieve a few more highs, but the rally from the April 7, 2025, low appears mature and could soon face a three-wave correction. As long as the key support at 21,748.65 holds, any near-term pullbacks should find support in a 3, 7, or 11-swing pattern, setting the stage for further upside.

Nifty 45 Minute Elliott Wave Chart

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Nifty Video Analysis

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Source: https://elliottwave-forecast.com/new...proaching-end/
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Eli Lilly & Company (LLY) Favors Rally Targeting New Weekly High
May 6, 2025 By EWFRaj
Eli Lilly & Company (LLY) discovers, develops & markets human pharmaceuticals worldwide. It comes under Healthcare sector & trades as “LLY” ticket at NYSE.
LLY is bullish in weekly sequence from all time low. It favors rally in (V) after double correction ended at $677.09 low in April-2025 low. It favors rally to continue in (V) of ((III)) towards $1155 or higher levels against 4.07.2025 low. Further rally confirms above $972.53 high.
LLY – Elliott Wave Latest Weekly View:

In weekly, it favors rally within the sequence from March-2009 low & expect one more push higher to finish it. In weekly, it placed (I) at $92.85 high in October-2015 & (II) at $64.18 low in November-2016. It ended extended (III) sequence at $972.53 high in August-2024 high & (IV) at $677.09 low as double correction. Within (III), it placed I at $130.75 high, II at $101.36 low, III at $966.10 high, IV at $747.55 low & V at $972.53 high. Below (III) high, it placed w as 3 swings at $711.40 low, x at $935.63 high & y at $677.09 low as (IV) on 4.07.2025.
LLY – Elliott Wave Latest Daily View:

The double correction in (IV) missed the daily extreme area with small margin & turned higher. It ended ((1)) of I at $902.50 high & favors pullback in ((2)) against 4.07.2025 low. Further upside will confirm above $972.53 high & can extend towards $1155 or higher levels. Short term, it favors bounce in (B) of ((2)), which may fail below 4.30.2025 high before (C) down against 4.07.2025 low. As long as it stays above 4.07.2025 low, it should remain supported & rally to new high. Buyers can look to buy the next opportunities in 3, 7 or 11 swings, once it confirms new high.
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Source:https://elliottwave-forecast.com/sto...w-weekly-high/

USDJPY Forecast: Elliott Wave Signals Resumption of Bearish Momentum


The USD/JPY currency pair is showing a bearish trend that began on July 3, 2024, and is expected to continue declining toward the 136.50 level. In the short term, the price movement since the March 28, 2025 high is forming a zigzag pattern, according to Elliott Wave analysis.

From the March 28, 2025 high, the decline in wave (A) reached 139.89. This was followed by a corrective wave (B), which also unfolded as a zigzag. Within wave (B), the price rose to 144.03 (wave A), then dipped to 141.95 (wave B). Afterwards, it climbed to 145.90 (wave C), completing wave (B). The pair has since turned lower, starting wave (C).

Wave (C) is currently developing as an impulse pattern in Elliott Wave terms. From the May 2, 2025 high, the price dropped to 143.72 (wave (i)), then rallied to 145.08 (wave (ii)). The decline resumed, reaching 142.34 (wave (iii)). A corrective rally in wave (iv) is believed to have finished at 143.30. The pair is now expected to decline further to complete wave (v). This will finalize wave ((i)) in the larger structure. After this, a corrective rally in wave ((ii)) should occur, partially recovering from the May 2, 2025 high, before the downward trend resumes.

In the near term, as long as the high at 145.90 holds, any upward movements are likely to be limited and fail in a pattern of 3, 7, or 11 swings, leading to further declines.

USDJPY 60 Minute Elliott Wave Chart

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USDJPY Video Analysis

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Source: https://elliottwave-forecast.com/new...rish-momentum/
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Pan American Silver (PAAS): Pullback Nearing End, Upside Potential Ahead
May 6, 2025 By EWFHendra
Pan American Silver Corp. (PAAS) is a mining company based in Vancouver, Canada, focused on silver, gold, zinc, lead, and copper. Founded in 1979, it handles exploration, development, extraction, processing, and refining. The company operates in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. Below we will take a look at the Elliott Wave technical outlook.
PAAS Monthly Elliott Wave Chart

The monthly Elliott Wave chart for Pan American Silver (PAAS) indicates that the wave ((II)) pullback concluded at $5.89 in January 2016. Since then, the stock has begun advancing in wave ((III)). From the wave ((II)) low, wave (I) peaked at $40.11, followed by a wave (II) pullback that bottomed at $12.16. The stock has now resumed its upward trend in wave (III). Within this wave, wave I reached $28.60, with a subsequent wave II pullback ending at $20.55. As long as the $5.89 low holds, the stock is expected to continue rising.

PAAS Daily Elliott Wave Chart

The daily Elliott Wave chart for Pan American Silver (PAAS) indicates that the wave (II) pullback concluded at $12.19. From this low, the stock began an upward move in wave I, structured as a diagonal pattern. Within wave I, wave ((1)) peaked at $24.27, followed by a wave ((2)) pullback to $17.86. The stock then climbed in wave ((3)) to $26.05, with a wave ((4)) dip ending at $19.80. The final wave ((5)) completed wave I at $27.47. A subsequent wave II pullback ended at $20.55. As long as the $12.19 low remains intact, the stock is expected to continue rising.

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Source:https://elliottwave-forecast.com/sto...tential-ahead/