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*Silver Surges 100% in 2025, Profit Booking or Averaging?*
Precious metals, especially gold and silver, are extremely volatile this week due to expectations of a US Federal Reserve rate cut. Silver has shown extraordinary strength since Monday, continuing its upward trend.

In MCX, Silver March Futures opened with a strong gap up today and touched ₹190799 per kg in the morning session. In international markets, Silver March Futures hit a new record of $62.0180 per ounce, while silver spot (XAGUSD) reached $61.479 per ounce. Silver has significantly outperformed gold, supported by tighter supply conditions and attractive valuations.

Silver prices have doubled in the last 12 months, Spot silver was trading near $30 in January 2025 and today reached $61.479, marking a gain of over 100%. The US government recently classified silver as a critical mineral, further boosting investor sentiment. Expectations of a Fed rate cut today are also pushing metal prices higher.

Due to daily movements of ₹3000 - ₹5000 in MCX Silver March Futures, many traders are confused, especially intraday traders and those holding old positions around ₹180000 per kilo gram. They are unsure whether to book losses or average at life high levels.

*In my opinion, after today’s strong gap up opening and life high levels, a round of profit booking is likely before the Fed decision.*

Given the heightened volatility in MCX Silver March Futures, it is safer to focus only on intraday trading with strict stop losses.

*Intraday Strategy*
Sell near the 190799 range (today’s high, after opening gap up)
Target 1: New low around ₹188000
If this level breaks, expect further downside toward ₹187000 and ₹186000 before the US/Europe market opens.

For Traders Holding Old Sell Positions (around ₹180000)
Consider averaging near life high levels and wait for the expected downside targets within this week.

American Airlines (AAL) Bullish Trend Signals Opportunity on Retracement
American Airlines (AAL) maintains a bullish sequence from the April 4 low, supporting prospects for further upside. A 100% Fibonacci extension projects a target of $16.8, reinforcing the constructive technical outlook. The short‑term cycle from the September 30 low is unfolding as a zigzag Elliott Wave structure. From that low, wave A advanced to 14.05. A corrective pullback in wave B then terminated at 12.11, as confirmed by the hourly chart. Wave C is now progressing higher in the form of an impulse Elliott Wave structure.

Within this advance, wave (i) ended at 12.65. The dip in wave (ii) found support at 12.15. Wave (iii) extended to 14.11, while the pullback in wave (iv) settled at 13.56. The stock is expected to complete wave (v) soon, which should finalize wave ((i)) of a higher degree. Afterward, a corrective phase in wave ((ii)) is anticipated. This will address the cycle from the November 18, 2025 low before the broader uptrend resumes. Near term, as long as the pivot at 12.11 remains intact, pullbacks should find support in 3, 7, or 11 swing structures. This framework continues to favor further upside potential.
American Airlines (AAL) 60-Minute Elliott Wave Chart From 12.10.2025

AAL Elliott Wave Video:

Russell 2000 ETF $IWM Soars 11% from Blue Box Area, With $258 Target Still Ahead
Hello everyone! In today’s article, we’ll examine the recent performance of Russell 2000 ETF ($IWM) through the lens of Elliott Wave Theory. We’ll review how the powerful rally from the November 2025 low unfolded as a textbook 5-wave impulse and discuss our evolving forecast for the next move. Let’s dive into the structure and expectations for this tech giant.

5 Wave Impulse + 7 Swing WXY correction

$IWM 4H Elliott Wave Chart 11.18.2025:

In the 4-hour Elliott Wave count from Nov 18, 2025, we saw that $IWM completed a 5-wave impulsive cycle at black ((3)). As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 7 swings, likely finding buyers in the blue box equal legs area between $229.87 and $219.62.

$IWM 4H Elliott Wave Chart 12.08.2025:

The latest update shows the strong reaction from the blue box area. The ETF was able to rally 11% and hit new all-time highs. Right now, the ETF is looking for a pullback to digest the recent gains and continue climbing. We think $IWM could reach $258–$268 next.

Conclusion
In conclusion, our Elliott Wave analysis of $IWM continues to prove accurate, suggesting that the ETF remains well-supported against its November 2025 lows. Therefore, for traders who capitalized on the entry opportunities presented in the “blue box” area, the $258–$268 zone should be closely monitored as the next significant objective. In the interim, keeping a vigilant eye out for any healthy corrective pullbacks could present fresh entry opportunities for those looking to join the trend.
Ultimately, by applying the principles of Elliott Wave Theory, traders can gain a deeper understanding of market cycles, better anticipate the structure of upcoming moves, and ultimately enhance their risk management strategies in dynamic markets like the current one for $IWM.
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Dollar Index (DXY) Bearish Sequence Targets 97.7

The Dollar Index (DXY) has broken decisively below the December 4 low at 98.76, establishing a clear bearish sequence from the November 21 peak. This structural decline favors continued downside momentum. The immediate target is the 100% Fibonacci extension measured from the November 21 peak, which projects toward 97.7. From that peak, wave ((i)) concluded at 99, followed by a corrective rally in wave ((ii)) that terminated at 99.56. The Index then extended lower in wave ((iii)) toward 98.82, while the subsequent rally in wave ((iv)) ended at 99.02. The final leg, wave ((v)), reached 98.76, thereby completing wave 1 of a higher degree cycle.

Following this initial decline, the Index staged a corrective advance in wave 2, unfolding as a double three Elliott Wave structure. From the termination of wave 1, wave ((w)) ended at 99.12, while the pullback in wave ((x)) concluded at 98.79. A final push higher in wave ((y)) reached 99.32, completing wave 2 in higher degree. With this correction finished, the Index has resumed its downward trajectory in wave 3. From the wave 2 high, wave ((i)) ended at 99.13, and the rally in wave ((ii)) terminated at 99.3. In the near term, as long as the pivot at 99.32 remains intact, rallies are expected to fail. The decline should continue to unfold in sequences of 3, 7, or 11 swings, reinforcing the bearish outlook and favoring further downside pressure toward the projected Fibonacci target.

Dollar Index (DXY) 60-Minute Elliott Wave Chart From 12.10.2025

Attached Image (click to enlarge)

DXY Elliott Wave Video:


Source: https://elliottwave-forecast.com/new...-targets-97-7/
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Dow Futures (YM) Bullish Path Projects 49,900 Level

The cycle from the April 2025 low in Dow Futures (YM) continues to unfold as a clear impulse. Within this structure, wave (4) concluded at 45,810, as illustrated by the one‑hour chart. Following that completion, wave (5) began to develop as another sequence of five waves of lesser degree. From the termination of wave (4), wave (i) advanced to 46,656, while the corrective pullback in wave (ii) reached 46,165. The Index then extended upward in wave (iii), achieving 47,796, before a modest retracement in wave (iv) ended at 47,270.

The final push in wave (v) carried prices to 48,184, thereby completing wave ((i)) of higher degree. Subsequent declines in wave ((ii)) unfolded in the form of a zigzag, consistent with Elliott Wave principles. From the peak of wave ((i)), wave (a) dropped to 47,663, followed by a rebound in wave (b) that reached 48,004. The final leg, wave (c), declined to 47,504, marking the completion of wave ((ii)) at the higher degree.

The Index has since resumed its upward trajectory in wave ((iii)). From the low of wave ((ii)), wave (i) advanced to 48,245, while the corrective
wave (ii) ended at 47,859. In the near term, as long as the pivotal low at 45,810 remains intact, dips are expected to attract buyers. These corrective phases should unfold in the familiar 3, 7, or 11 swing sequences, supporting the continuation of the broader bullish cycle.

Dow Futures (YM) 60-Minute Elliott Wave Chart From 12.12.2025

Attached Image (click to enlarge)

YM Elliott Wave Video:

Inserted Video

Source: https://elliottwave-forecast.com/new...s-49900-level/
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Dow Futures (YM) Bullish Path Projects 49,900 Level
The cycle from the April 2025 low in Dow Futures (YM) continues to unfold as a clear impulse. Within this structure, wave (4) concluded at 45,810, as illustrated by the one‑hour chart. Following that completion, wave (5) began to develop as another sequence of five waves of lesser degree. From the termination of wave (4), wave (i) advanced to 46,656, while the corrective pullback in wave (ii) reached 46,165. The Index then extended upward in wave (iii), achieving 47,796, before a modest retracement in wave (iv) ended at 47,270.

The final push in wave (v) carried prices to 48,184, thereby completing wave ((i)) of higher degree. Subsequent declines in wave ((ii)) unfolded in the form of a zigzag, consistent with Elliott Wave principles. From the peak of wave ((i)), wave (a) dropped to 47,663, followed by a rebound in wave (b) that reached 48,004. The final leg, wave (c), declined to 47,504, marking the completion of wave ((ii)) at the higher degree.
The Index has since resumed its upward trajectory in wave ((iii)). From the low of wave ((ii)), wave (i) advanced to 48,245, while the corrective wave (ii) ended at 47,859. In the near term, as long as the pivotal low at 45,810 remains intact, dips are expected to attract buyers. These corrective phases should unfold in the familiar 3, 7, or 11 swing sequences, supporting the continuation of the broader bullish cycle.
Dow Futures (YM) 60-Minute Elliott Wave Chart From 12.12.2025

YM Elliott Wave Video:

NASDAQ (NQ_F) Elliott Wave: Buying the Dips in a Blue Box
Hello traders. As our members know we have had many profitable trading setups recently. In this technical article, we are going to talk about another Elliott Wave trading setup we got in E-mini Nasdaq-100 Futures. Recently NQ_F made a clear three-wave correction. The pull back completed as Elliott Wave Double Three pattern and made a decent rally. In this discussion, we’ll break down the Elliott Wave pattern and present targets. Let’s start by explaining the pattern.

NQ_F Elliott Wave 4 Hour Chart 11.18.2025
The Futures is forming a 3-wave pullback in wave (4) blue. At the moment, we can see incomplete sequences from the main peak, labeled as wave (3) blue. Our members know that we constantly emphasize the importance of incomplete sequences, as these determine the market’s path.
The structure suggests more weakness toward the Equal Legs area at 24145–23097, where we are looking to re-enter as buyers. We expect at least a three-wave bounce from the Blue Box area.
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NQ_F Elliott Wave 4 Hour Chart 12.11.2025

E-mini Nasdaq-100 Futures found buyers as expected at the Blue Box area, making decent bounce. While above the last low 23905 low we count (4) blue correction completed. Wave (5 ) can be in progress toward new highs, targeting 26989 area.
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AIZ Trade Setup: Buyers Launched from Blue Box Aiming $250
On AIZ stocks, buyers activated new Longs from the blue box while aiming $250-$260 as the bullish cycle from year 2020 continues. In this blog post, we’ll discuss potential targets for this setup as well as where and where traders can wait for next opportunity.

Assurant Inc. (NYSE: AIZ) is a leading global provider of risk management and insurance solutions, serving the housing and lifestyle markets. Headquartered in Atlanta, it operates across Global Housing and Global Lifestyle segments, offering products such as mobile device protection, vehicle service contracts, and renters insurance. With operations in over 20 countries, Assurant partners with major financial institutions and retailers, leveraging data-driven innovation to deliver consistent growth and strong shareholder value.
AIZ Elliott Wave Forecast
The all-time bullish cycle for AIZ began in November 2008 at $12.52. From that low, wave (I) advanced in a clear impulse and peaked in February 2020 at $146.21. It was followed by a sharp correction. Wave (II) ended in March 2020 at $76.26. From there, wave (III) is expected to extend higher, with an overall target between $287 and $417.
Between March 2020 and April 2022, price completed another impulse. This move formed wave I of (III). Subsequently, wave II unfolded as a pullback and ended in March 2023. Since that low, price has developed a clean impulse and reached a new cycle high. The weekly chart from the 28 October update highlighted these sub-waves from the end of wave (II).
In that update, the weekly chart showed a completed impulse for wave ((1)) of III. After that, a 7-swing pullback formed wave ((2)). Buyers appeared in the blue box on the daily chart. With wave ((2)) complete, price resumed higher and broke above the wave ((1)) high. Consequently, wave ((3)) is now underway. This wave can target the $330–$380 area over the coming weeks or months.
AIZ Trade Setup – 7th December 2025 Bullish Idea

Along the path of wave ((3)) from April 2025, price action has maintained a bullish structure. It continues to print higher highs and higher lows. Within this sequence, waves (1) and (2) of ((3)) completed on 7 October 2025 and 29 October 2025, respectively. Moreover, the break above the 7 October high and the November 2024 high reflects strong and persistent buying interest. As a result, buyers should look to accumulate on the next 3, 7, or 11-swing pullback.

On 7 December, we shared an update on this stock with our blog readers. At that time, the preferred strategy was to buy from the 221.70–216.26 blue box zone. This area was identified as the expected end of wave 2 of (3). Based on projections, wave (3) can extend toward $250–$285. It could reach even higher levels if the move becomes extended, which is not uncommon in strong trends. In the nearer term, wave 3 of (3) may target the $245–$260 region. Importantly, this target can serve as an early signal for a broader wave (3) extension toward the $300–$330 area.
AIZ Trade Setup – 14th December 2025


The chart above reflects price action just one week after the 7 December update. During this period, AIZ attracted fresh buying interest in the blue box. Price then bounced sharply, initiating wave ((i)) of 3 of (3). Buyers who entered from the blue box may consider taking partial profits at current levels. At the same time, stops on the remaining position can be adjusted to breakeven. The initial target for this move stands near $250. Once price breaks above the wave 1 high, traders can look to buy the next dip on the H1 timeframe. With risk effectively removed from the trade, new long opportunities can again be sought from the blue box after the wave 1 high is cleared.

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Surfing the Market Waves: How the Blue Box Shapes Hecla Mining (HL)


Hecla Mining (HL) has shown strong revenue growth in 2025, climbing to $1.33 billion, up 43% year-over-year, while earnings per share surged to $0.38 from $0.06. This performance highlights the company’s ability to capitalize on favorable silver and gold prices, as well as operational improvements across its mining assets. However, despite these gains, analysts remain cautious: consensus price targets average around $11.14, implying a potential downside from current levels. This disconnect between fundamental growth and market expectations suggests that investors should weigh near-term volatility against long-term production strength.
Looking forward, Hecla is projected to continue expanding revenue to $1.55 billion in 2026, with EPS expected to more than double to $0.79. Transitioning from recent declines, the stock may face pressure as traders reassess valuations, but the company’s improving fundamentals provide a supportive backdrop. Consequently, while the current price action signals weakness, the long-term trajectory remains constructive, especially if commodity markets stabilize. Investors should monitor the $15–$17 range closely, as sustained support here could set the stage for renewed momentum.
September Elliott Wave Outlook: HL 4-Hour Chart

Three months ago, we spotted the first blue box. We bought at 10.37 during wave (iv), and we expected at least a rally toward the zone of 12.26–12.84, unless more bullish extensions appeared.

October Elliott Wave Outlook: HL 4-Hour Chart 2025

Then, in October, HL showed a strong rally and extended higher. Therefore, we adjusted the count and labeled it as wave ((v)) of 3, which ended above 15 dollars. After that, another correction appeared, and we looked to continue the bullish trend. As a result, we called for buying opportunities in the zone of 12.30–10.89 to complete wave 4 and move upward as wave 5, aiming to break the high of wave 3.

November Elliott Wave Outlook: HL 4-Hour Chart 2025

Next, in November, the correction respected the blue box once again. Wave 4 was completed, and the rally continued as we had expected. At that point, we aimed for a target of 16.78 to finish wave 5, and also wave (3), before another correction was seen in the market.

December Elliott Wave Outlook: HL 4-Hour Chart 2025

In December, HL’s price made a small high without reaching the ideal zone. Wave (3) was completed at 16.14, and another correction started. You may wonder what happened with that correction, did we buy again?

(If you want to learn more about Elliott Wave Principle, please follow these links: Elliott Wave Education and Elliott Wave Theory.)
November Elliott Wave Outlook: HL 1-Hour Chart 2025

On the one-hour chart, we called for buying opportunities in the zone of 12.30–10.74. This move was intended to finish the correction of wave (4) and aim for another breakout toward new highs as wave (5)

December Elliott Wave Outlook: HL 1-Hour Chart 2025

Finally, the market respected the blue box once more. Wave (4) was completed at 12.00, and a strong rally followed, reaching the zone of 17.85–18.25 before another correction began. At present, HL’s price is around 18.88, and further bullish movement is expected.

This sequence shows that trading can be done by respecting a system, without operating every day. We executed only three trades in 3 months, and for those holding positions, the result has been highly profitable. You only need a system, and you must respect it. Whether you win or lose, you must keep moving forward. In the end, discipline is required just as in every aspect of life.
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Silver (XAGUSD) Pullback Seen as Buying Opportunity Amid Record Breaking Rally

The cycle in Silver (XAGUSD) from the October 28, 2025 low remains in progress as a clear five‑wave impulse. From that low, wave 1 advanced to $49.36 before a corrective decline in wave 2 concluded at $46.88. This initial correction set the stage for a stronger rally. The metal then entered wave 3, which unfolded with internal subdivision into five smaller waves, reflecting the classic structure of an impulsive advance.

From the wave 2 low, wave ((i)) reached $54.39, followed by a pullback in wave ((ii)) that ended at $48.60. Momentum resumed in wave ((iii)), which carried prices to $58.94, as confirmed by the 45‑minute chart. A modest retracement in wave ((iv)) found support at $56.44, and the subsequent rise in wave ((v)) extended sharply to $64.65. This completed wave 3 at a higher degree, reinforcing the bullish sequence.

Afterward, the market experienced a corrective phase in wave 4, which is proposed to have ended at $60.74. This decline appears orderly and consistent with the broader impulsive framework. In the near term, as long as the pivot at $56.44 remains intact, the expectation is for Silver to continue its upward trajectory. The structure suggests further extension higher, with buyers likely to re‑emerge on any pullback.

Silver (XAGUSD) 60-Minute Elliott Wave Chart From 12.16.2025

Attached Image (click to enlarge)

XAGUSD Elliott Wave Video:

Inserted Video

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UNITDSPR Elliott Wave Outlook: Bullish Structure Points to ₹1,798–₹1,962 Targets
Monthly Elliott Wave analysis shows Wave I nearing completion, key Fibonacci targets ahead, and a corrective pullback before the next major rally.

United Spirits Limited (NSE: UNITDSPR) continues to trade in a strong long-term bullish Elliott Wave structure on the monthly chart. The broader trend remains positive despite short-term price swings. Since the 2020–2021 period, price action has shifted clearly from correction to impulse. This shift suggests the market has entered a new bullish cycle rather than forming a long-term top.
Impulse Structure and Fibonacci Targets:
From the Wave IV low, price moved higher in a clear five-wave structure. Waves (1) and (2) set the direction of the trend. Wave (3) followed with strong upside momentum, which is typical in Elliott Wave patterns. Wave (4) is now unfolding as a sideways structure, most likely a contracting triangle. Once this consolidation completes, price is expected to turn higher again in the final Wave (5), targeting key Fibonacci projection levels.
Fibonacci extensions from the earlier impulse define the upside targets. The zone near ₹1,798 represents the 1.236 extension and could acts as a conservative fifth-wave target. A further extension toward ₹1,962 aligns with the 1.618 Fibonacci level. Price may pause or react near these zones as Wave I approaches completion.

Once Wave I finishes, the market should enter a corrective Wave II. Fibonacci retracement analysis points to support near the 0.382 retracement level around ₹1,208. This area also matches prior price structure, which increases the chance of a technical reaction. Such a pullback would remain corrective in nature and would not signal a trend reversal.

The chart clearly states that selling is not recommended. The Right Side Tag remains active and favors the bullish direction. The long-term invalidation level stands much lower near ₹84. As long as price stays above this level, the larger Elliott Wave structure remains valid.
Conclusion:
In conclusion, United Spirits Limited continues to hold a bullish Elliott Wave setup supported by clear Fibonacci relationships. Short-term corrections may appear, but they form part of a broader upward cycle. The overall structure continues to favor long-term bullish opportunities rather than weakness

Elliott Wave in Action: GBPUSD Blue Box Reaction
In this technical blog, we will look at the past performance of the Daily Elliott Wave Charts of GBPUSD. In which, the rally from 13 January 2025 low is unfolded as impulse sequence & showed a higher high sequence therefore, called for an extension higher to take place. We knew that the structure in GBPUSD 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:

GBPUSD Daily Elliott Wave Chart From 11.01.2025

Here’s the Daily Elliott wave Chart from the 11.01.2025 Weekend update. In which, the rally to $1.3789 high completed wave (3) & made a pullback in wave (4). The internals of that pullback unfolded as Elliott wave double three correction where wave W ended at $1.3142 low. A rally to $1.3726 high-ended wave X bounce. Then started the next leg lower in wave Y towards $1.3082- $1.2683 blue box area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum.

GBPUSD Latest Daily Elliott Wave Chart From 12.13.2025

This is the latest Daily Elliott wave Chart from the 12.13.2025 Weekend update. In which the pair is showing a strong reaction higher taking place, right after ending the correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. However, a break above $1.3789 high is needed to confirm the next extension higher. Towards $1.3972- $1.4270 ( minimum extension target) and avoid deeper correction lower.

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TSM Road to $340 Target and Strategic Correction
Our prior analysis established Taiwan Semiconductor (NYSE: TSM) bullish weekly trajectory. Now, we examine the daily Elliott Wave structure. This detailed view identifies the next key target and signals a potential near-term correction.

Elliott Wave Analysis
TSM daily rally began at the April 2025 low of $134. Subsequently, Wave ((1)) peaked at $248. Then, Wave ((2)) corrected to $223. After that, Wave ((3)) surged to $311. Next, Wave ((4)) found support at $266. Finally, Wave ((5)) propelled prices to new all-time highs. Therefore, this five-wave sequence is now showing enough number of swings to be called completed.
However, TSM’s rally can still extend further within wave ((5)). This is contingent on price holding above the wave ((4)) low of $266. Consequently, the move higher could then target the $321 – $338 zone. This area should mark the completion of the larger wave III rally.
Once wave III completes, TSM will enter a daily wave IV correction. This pullback will unfold as a 3, 7, or 11-swing structure. Consequently, it will create another strategic buying opportunity against the $134 low. Afterwords, the stock will resume its bullish trend. Finally, this will ignite a new rally toward higher highs.
TSM Daily Chart 12.16.2025

Conclusion

TSM’s weekly bullish cycle remains firmly intact. Therefore, investors should continue targeting buying opportunities within daily pullbacks. Utilize our Elliott Wave strategy for precise entry timing. Specifically, establish positions after a 3, 7, or 11-swing correction completes. Additionally, our proprietary Blue Box system highlights high-probability zones with pinpoint accuracy. As a result, this disciplined method gives traders the clarity and confidence to catch the next bullish leg.

Vistra Corp (VST): Trading The ((2)) Pullback For Next Big Rally
Vistra Corp., (VST) operates as an integrated retail electricity & power generation company in the United States. It operates through five segments like Retail, Texas, East, West & Asset Closure. It comes under Utilities sector & trades as “VST” ticker at NYSE.

In daily, VST ended April rally in ((1)) at $219.82 high & favors pullback in ((2)) correction. We like to buy the next pullback in extreme area in ((2)) against 4.07.2025 low.
In Daily, it placed (I) at $199.84 high in January-2025 & (II) at $90.51 low in March-2025 low. Above there, it favors rally in I of (III) as it broke above January-2025 low. Within (I), it placed I at $107.24 high, II at $66.50 low, III at $168.67 high, IV at $131.64 low & V at $199.84 high. Below there, it placed a of (II) at $132.59 low, b at $176.49 high & c at $90.51 low to end (II). Above April-2025 low, it ended (1) of ((1)) at $120.96 high, (2) at $103.34 low, (3) at $216.85 high, (4) at $184.61 low & (5) at $219.82 high.
VST – Elliott Wave Latest Daily View:

Below ((1)) high, it placed (A) at $158.65 low in proposed diagonal. It favors bounce in (B) in 3, 7 or 11 swings into $182.42 – $196.95 area to correct against 9.22.2025 high. Within (A), it ended 1 at $179.65 low, 2 at $203.66 high, 3 at 165.58 low, 4 at $189.29 high & 5 at $158.65 low. Currently, it favors pullback in B of (B), while ended A at $180 high. The current pullback should hold above $158.65 low to extend higher in C of (B). If it makes a new low, then it can be the part of (A) before expecting a bounce in (B). Once it ends (B) connector in 3 or 7 swings, it should extend lower in (C) against April-2025 low. We like to buy the extreme area in ((2)) pullback for ((3)) rally or at least 3 swing bounce.
VST is not the part of regular service at EWF. But we provide time to time updates on instrument under blog section. 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 our services for 14 days at $0.99. Also, you can check out the Educational section to learn Elliott wave theory & its application through different packages available & 1-1 coaching for doubts.

Silver Miners ETF (SIL)Surges to All-Time High on Impulsive Breakout

The Global X Silver Miners ETF (SIL) offers investors exposure to a basket of companies engaged in silver mining worldwide. Launched in 2010, the fund seeks to replicate the performance of the Solactive Global Silver Miners Total Return Index. This gives investors efficient access to the sector in a single trade. In this article, we will look at the Elliott Wave technical outlook for the ETF.
SIL (Silver Miners ETF) Monthly Elliott Wave Chart

The monthly Elliott Wave chart of the Silver Miners ETF (SIL) shows that wave ((II)) of the Grand Super Cycle concluded at $14.94 in January 2016. From that low, the ETF has advanced in a nesting impulsive structure. Wave I rose to $54.34 before a corrective wave II retraced to $16. The next nesting sequence carried wave ((1)) to $52.87, followed by wave ((2)) at $21.26. As long as price remains above $16, any pullback is expected to find support within the 3, 7, or 11 swing sequence, setting the stage for continuation higher in wave ((3))

Silver Miners ETF Daily Elliott Wave Chart

The Daily Elliott Wave chart of the Silver Miners ETF (SIL) shows that the rally from the October 4, 2025 low is unfolding as an impulse. Wave 1 peaked at $42.29, followed by a corrective wave 2 that bottomed at $31.37. The ETF then advanced in wave 3 to $80.72, before a wave 4 pullback ended at $61.80. In the near term, as long as the $31.37 pivot low remains intact, SIL should extend higher to complete wave 5 of (3). Afterwards, a larger corrective pullback should unfold to retrace the cycle from the October 4, 2025 low.


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Bearish Sequence Pressures Oil (CL) Lower

Light Crude Oil (CL) has decisively broken below the April 2025 low of $55.12. This breach confirms a continuation of the bearish sequence that has persisted since the March 2022 peak. The short-term decline from the October 24, 2025 high is unfolding in the form of a five-wave Elliott Wave impulse, which provides a clear structural framework for the ongoing weakness.

From the October 24 peak, wave ((i)) concluded at $57.10. The subsequent rally in wave ((ii)) developed as a zigzag Elliott Wave structure. Within this corrective phase, wave (a) terminated at $59.97, wave (b) ended at $58.28, and wave (c) advanced to $60.50. This final push completed wave ((ii)) at a higher degree, setting the stage for renewed downside pressure.

Oil then turned lower in wave ((iii)). From the termination of wave ((ii)), wave (i) ended at $58.08, while the rally in wave (ii) reached $59.05. The decline in wave (iii) is now progressing as an impulse of lesser degree. Within this sequence, wave i ended at $57.01, wave ii rallied to $58.19, and wave iii dropped sharply to $54.98. A corrective bounce in wave iv extended to $59.19, but momentum remains tilted to the downside. Near term, as long as the pivot at $60.50 holds firm, rallies are expected to fail in corrective sequences of three, seven, or eleven swings. This technical condition suggests further weakness ahead, reinforcing the broader bearish outlook for crude oil prices.

Light Crude Oil (CL) 60-Minute Elliott Wave Chart From 12.17.2025

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Bearish Sequence Pressures Oil (CL) Lower
Light Crude Oil (CL) has decisively broken below the April 2025 low of $55.12. This breach confirms a continuation of the bearish sequence that has persisted since the March 2022 peak. The short-term decline from the October 24, 2025 high is unfolding in the form of a five-wave Elliott Wave impulse, which provides a clear structural framework for the ongoing weakness.

From the October 24 peak, wave ((i)) concluded at $57.10. The subsequent rally in wave ((ii)) developed as a zigzag Elliott Wave structure. Within this corrective phase, wave (a) terminated at $59.97, wave (b) ended at $58.28, and wave (c) advanced to $60.50. This final push completed wave ((ii)) at a higher degree, setting the stage for renewed downside pressure.
Oil then turned lower in wave ((iii)). From the termination of wave ((ii)), wave (i) ended at $58.08, while the rally in wave (ii) reached $59.05. The decline in wave (iii) is now progressing as an impulse of lesser degree. Within this sequence, wave i ended at $57.01, wave ii rallied to $58.19, and wave iii dropped sharply to $54.98. A corrective bounce in wave iv extended to $59.19, but momentum remains tilted to the downside. Near term, as long as the pivot at $60.50 holds firm, rallies are expected to fail in corrective sequences of three, seven, or eleven swings. This technical condition suggests further weakness ahead, reinforcing the broader bearish outlook for crude oil prices.
Light Crude Oil (CL) 60-Minute Elliott Wave Chart From 12.17.2025

CL Elliott Wave Video:

Tesla (TSLA) Extends Rally to Historic High, Pullback Should Find Strong Bid

Tesla (TSLA) recently advanced to a new all‑time high, underscoring the strength of bullish momentum in the market. The short‑term Elliott Wave analysis indicates that the cycle from the November 14, 2025 low has concluded as a clear impulse structure. From that low, wave 1 terminated at $423.69, followed by a corrective decline in wave 2 that ended at $383.76. The upward progression then resumed, with wave 3 extending to $458.87. A modest pullback in wave 4 concluded at $435.

The final advance in wave 5 reached $496.16, as illustrated on the 45‑minute chart. This marked the completion of wave (1) at a higher degree and simultaneously closed the cycle that began on November 14. After this peak, the stock entered a corrective phase in wave (2), unfolding internally as a zigzag pattern. From the termination of wave (1), wave A of the zigzag is expected to finish soon. A rebound in wave B should follow, setting the stage for another decline in wave C, which would complete the corrective sequence of wave (2). As long as the pivot at $496.16 remains intact, rallies are likely to fail. The broader expectation is for Tesla to extend lower, thereby correcting the entire cycle that originated from the November 14 low.

Tesla (TSLA) 45-Minute Elliott Wave Chart From 12.18.2025

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Tesla (TSLA) Extends Rally to Historic High, Pullback Should Find Strong Bid


Tesla (TSLA) recently advanced to a new all‑time high, underscoring the strength of bullish momentum in the market. The short‑term Elliott Wave analysis indicates that the cycle from the November 14, 2025 low has concluded as a clear impulse structure. From that low, wave 1 terminated at $423.69, followed by a corrective decline in wave 2 that ended at $383.76. The upward progression then resumed, with wave 3 extending to $458.87. A modest pullback in wave 4 concluded at $435.
The final advance in wave 5 reached $496.16, as illustrated on the 45‑minute chart. This marked the completion of wave (1) at a higher degree and simultaneously closed the cycle that began on November 14. After this peak, the stock entered a corrective phase in wave (2), unfolding internally as a zigzag pattern. From the termination of wave (1), wave A of the zigzag is expected to finish soon. A rebound in wave B should follow, setting the stage for another decline in wave C, which would complete the corrective sequence of wave (2). As long as the pivot at $496.16 remains intact, rallies are likely to fail. The broader expectation is for Tesla to extend lower, thereby correcting the entire cycle that originated from the November 14 low.
Tesla (TSLA) 45-Minute Elliott Wave Chart From 12.18.2025

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SPX Pullback Completed, Ready for the Next Leg Higher?

SPX completes wave ((ii)) correction at Fibonacci support and begins the next bullish sequence

S&P 500 Index ticker symbol: SPX has completed its corrective pullback and is now turning higher. The broader bullish structure remains intact. Price respected key support and confirmed the correction as complete. After finishing wave ((i)) at the last high, SPX moved lower in wave ((ii)). This decline unfolded as a clear A-B-C correction. Wave (a) initiated the pullback, followed by Wave (b) which created a temporary bounce. Wave (c) then drove prices lower into the Fibonacci extension zone, ultimately ending near the 1.618 projection around 6693. This area also aligns with the blue box support on the chart.
Price stabilized near the lows and began to turn higher. This reaction signals that wave ((ii)) has already finished. From that low, SPX is now starting a new bullish sequence in black wave ((iii)). Within this, the first advance represents wave (i) followed by a shallow pullback as wave (ii). As long as price stays above the 6519.34 invalidation level, the index should continue higher in wave (iii) targeting 100%-161.8% fib. extension area of wave (i) which would be a price range of 6854-6914. At this stage, we do not recommend selling. The risk-to-reward favors the upside. Any dips are expected to remain corrective and find support.
Overall, the Elliott Wave structure supports further upside. SPX appears ready to resume its broader bullish trend.


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