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

$YM (Dow Futures) Final Wave ((v)) Set to Wrap Short‑Term Cycle from Nov 21
The short-term cycle in Dow Futures (YM) from the November 21, 2025 low is unfolding as a diagonal. From that low, wave ((i)) advanced and concluded at 48,184. A corrective pullback in wave ((ii)) ended at 47,514, as shown on the one-hour chart. Momentum then carried the Index higher, with wave ((iii)) terminating at 49,294. The subsequent correction in wave ((iv)) developed into a zigzag Elliott Wave formation. Wave (a) declined to 48,127, wave (b) rallied to 49,086, and wave (c) dropped to 48,092. This sequence completed wave ((iv)) at a higher degree.



Wave ((v)) is now progressing with internal subdivision into a five-wave impulse. From the completion of wave ((iv)), wave (i) advanced to 48,687. The minor dip in wave (ii) found support at 48,556. Strength resumed as wave (iii) extended to 49,459. A modest retracement in wave (iv) ended at 49,201. The Index should continue higher in the final wave (v) of ((v)). This move should complete the cycle originating from the November 21 low. Once the upward sequence concludes, a larger degree correction is anticipated. That correction may unfold in 3, 7, or 11 swings, consistent with Elliott Wave guidelines. The potential upside target for the final leg is projected at the 123.6% to 161.8% inverse retracement of wave (iv). This zone lies between 49,518 and 49,614.
Dow Futures (YM) 60 minute chart from 01.06.2026 update
YM_F Elliott Wave video:

GDXJ – Gold Miners Junior: Impulse Rally in Motion
The VanEck Junior Gold Miners ETF (GDXJ) is an exchange-traded fund that provides exposure to small- and mid-cap companies primarily engaged in gold and silver mining worldwide. In this article, we will explore the long term Elliott Wave technical path of the ETF.

GDXJ Monthly Elliott Wave View

On the monthly timeframe, the Elliott Wave outlook for the Junior Gold Miners ETF ($GDXJ) highlights a significant structural development. The grand super cycle wave ((II)) found completion at $17.94, establishing a pivotal low. From that foundation, the ETF began a sustained advance, unfolding in the form of a nested impulse sequence. The initial rally carried wave (I) to $52.50 before a corrective decline in wave (II) retraced to $19.52. Strength then returned, propelling the instrument into wave (III).

Within this larger advance, the internal structure has also revealed clear subdivisions. From the wave (II) base, wave I extended to $65.95, followed by a corrective phase in wave II that concluded at $25.80. The broader trend remains constructive, provided the $17.94 low continues to hold as firm support. With that level intact, the ETF retains the potential to sustain its upward trajectory, consistent with the ongoing impulse pattern.
GDXJ Daily Elliott Wave View

According to the daily Elliott Wave analysis of the VanEck Junior Gold Miners ETF (GDXJ), the major corrective wave II bottomed out at approximately $26. Within this framework, the ongoing wave III is developing as a clear impulsive advance with nested subdivisions. Starting from the wave II low, the initial subdivision ((1)) topped around $55.60. A corrective wave ((2)) then retraced to near $42. The rally then continued strongly into ((3)), which itself shows impulsive characteristics. Within ((3)), subwave (1) climaxed near $67, followed by a (2) correction down to about $57.50.

Subwave (3) of ((3)) appears close to completion at current levels, setting the stage for a wave (4) retracement shortly, after which the advance should resume in wave (5). On a shorter-term basis, provided the key pivot around $26 remains unbroken, any near-term dips are likely to find buyers in a 3-, 7-, or 11-swing sequence, allowing the broader uptrend to persist and push prices further upward.
While GDXJ falls outside our primary tracking list, we provide in-depth coverage and analysis on GDX, gold prices, a wide range of commodities, individual stocks, forex pairs, and cryptocurrencies. If you’d like to see our full offerings in action, feel free to start a free trial today –> 14 days Trial

Walmart (NYSE:WMT) $120 Target Precedes a Dip
Walmart (NYSE: WMT) continues to lead the market following its rebound last year. Today, we examine the Elliott Wave structure behind its current breakout. This analysis charts the precise pathway and key upside targets for its next advance. Our technical blueprint reveals a compelling setup, driven entirely by strong momentum.

Elliott Wave Analysis
WMT’s recent rally originated from the $86 – $77 Blue Box area. Specifically, buyers emerged during the April 2025 market dip. Subsequently, the stock concluded its wave IV pullback. Then, it traded into new all-time highs within the current wave V.
Currently, it shows three swings into new highs. Therefore, the sequence remains incomplete. Consequently, it needs at least one more swing to finish its five-wave advance from the April low.
Importantly, WMT already trades within the $111 – $120 initial target zone. Hence, investors should avoid chasing the rally here. After wave ((III)) completes, a larger wave ((IV)) pullback will begin. This correction will then create the next strategic buying opportunity before the uptrend resumes.
WMT Weekly Chart 1.06.2026

Conclusion

WMT’s weekly bullish cycle remains firmly intact. Therefore, investors should target buying opportunities within weekly 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 pinpoints high-probability entry zones. Consequently, this disciplined method provides clarity and confidence. Ultimately, it positions traders to capture the next major bullish leg.

EOG Resources Elliott Wave Outlook: Range Breakout Could Target 168.49 and 230.05
EOG consolidates inside a Wave (4) range in the very start of a powerful Wave III advance, with a bullish breakout pointing to higher Fibonacci targets.

EOG Resources, Inc. (NYSE: EOG) continues to trade within a strong long-term bullish Elliott Wave structure on the monthly chart. The broader trend remains firmly positive. Price action from the pandemic low confirms that the market has entered a powerful bullish phase rather than forming a long-term top.
The stock has already completed one full major market cycle. Red Wave I and red Wave II are now in place. After Wave II ended at the corona bottom, EOG started the most advanced and dynamic phase of the Elliott Wave sequence, which is Wave III. This phase usually delivers the strongest price expansion, and the structure from the 2020 low supports this view.

Range-Bound Structure at Current Levels & Fibonacci Targets Explained

The advance from the 2020 bottom is unfolding as a clear impulsive move. Inside this red Wave III, the internal wave structure shows an incomplete sequence marked in blue as waves (1), (2), (3), and (4). Waves (1) and (2) established the trend, while Wave (3) produced strong upside momentum. This behaviour matches the typical characteristics of a third wave. Wave (4) now appears to be either complete or still developing.
Price is consolidating in a range-bound manner inside the red rectangular box on the chart. This sideways movement reflects temporary balance between buyers and sellers. Such behaviour is common during fourth waves, which often form ranges or triangles instead of deep pullbacks.
Once price breaks higher, the final leg of this impulse, blue Wave (5), should begin. Fibonacci extension analysis helps define the upside targets. The first upside objective sits near 168.49. This level represents a common extension where price may pause or react. If momentum remains strong, the move can extend further. The next major Fibonacci target appears near the 1.618 extension at 230.05. Reaching this area would complete a full five-wave advance in black Wave ((1)). After this move, a corrective pullback is expected before the market resumes its broader bullish trend and continues higher again.
Conclusion:
In conclusion, EOG Resources remains firmly positioned within a powerful Wave III advance. The current range-bound movement reflects consolidation, not weakness. A confirmed breakout above the red box should open the door to higher Fibonacci targets, keeping the long-term bullish outlook intact.

SoFi Technologies (SOFI) Favors Rally Between $34.95 – $38.49
SoFi Technologies, Inc., ( SOFI ) provides various financial services in the US, Latin America, Canada & Hong Kong. It operates through three segments; Lending, Technology Platform & Financial services. It comes under Financial Services sector & trades as “SOFI” ticker at Nasdaq.

SOFI favors rally in bullish sequence from December-2022 low in weekly. It should continue rally between $34.95 – $38.49 area, while dips remain above 11.21.2025 low. A break above 11.12.2025 will open extension in daily rally.
It ended I of (I) at $11.70 high in July-2023 & (II) at $6.01 low in August-2024 low. Above there, it favors rally in ((5)) of III against 11.21.2025 low for targeting above $34.95 or higher. It placed ((1)) of III at $18.42 high, ((2)) at $8.60 low, ((3)) at $32.56 high, ((4)) at $23.52 low & favors rally in ((5)) of III. Within ((3)), it ended (1) at $14.78 high, (2) at $12.74 low, (3) at $30.30 high, (4) as triangle at $26.38 low & (5) at $32.56 high. It ended ((4)) in flat correction, in which (A) ended at $25.66 low, (B) at $32.73 high & (C) at $23.52 low.
SOFI – Elliott Wave Latest Daily View:

Currently, it favors rally in (3) of ((5)) against 12.17.2025 low. It placed (1) of ((5)) at $30.42 high & (2) at $25.17 low. Within (3), it placed 1 at $27.62 high, 2 at $25.79 low & favors rally in 3 of (3). It expects (3) to extend towards $32.08 – $36.33 area against (2) low before (4) pullback start. Further break above ((3)) high will open extension between $34.95 – $38.49 area to end III in weekly. We like to buy the pullback in 3, 7 or 11 swings once break above 11.12.2025 high or later in IV pullback.
SOFI is not the part of regular service at EWF. But we provide time to time updates on instrument under Free Articles 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 $9.99. Also, you can check out the Educational section to learn Elliott wave theory & its application through different packages available & 1-1 coaching for doubts.

DAX Elliott Wave Signals Bullish Breakout Toward 25,450

The DAX continues to advance to new highs, confirming that the right side of the market remains bullish. The decline from the November 21, 2025 low at 22,943 marked the end of wave (2). From that level, the Index began a rally in wave (3), unfolding with clear internal subdivisions consistent with an impulsive Elliott Wave structure. Wave ((i)) concluded at 23,392.2, followed by a pullback in wave ((ii)) that ended at 23,139.27. The Index then extended higher in wave ((iii)) toward 23,883.98. A corrective dip in wave ((iv)) found support at 23,433.48. The final leg, wave ((v)), carried prices to 24,474.62, completing wave 1 of a higher degree sequence.

After this advance, the Index corrected in wave 2, which unfolded as a zigzag. Wave ((a)) ended at 24,173.28, wave ((b)) at 24,318.3, and wave ((c)) at 23,923.97. This completed wave 2 and set the stage for renewed strength. The market has since resumed higher in wave 3 of (3). The potential upside target is projected at the 100% to 161.8% Fibonacci extension of wave 1, spanning 25,450 to 26,403. In the near term, as long as the pivot at 22,943.3 remains intact, pullbacks should find support within the typical three, seven, or eleven swing corrective structures, paving the way for further gains.

DAX 60 minute chart from 01.06.2026 update

Attached Image (click to enlarge)

DAX Elliott Wave video:

Inserted Video

Get 14 days Trial --> Click Here
Source: https://elliottwave-forecast.com/new...-toward-25450/

DAX Elliott Wave Signals Bullish Breakout Toward 25,450
The DAX continues to advance to new highs, confirming that the right side of the market remains bullish. The decline from the November 21, 2025 low at 22,943 marked the end of wave (2). From that level, the Index began a rally in wave (3), unfolding with clear internal subdivisions consistent with an impulsive Elliott Wave structure. Wave ((i)) concluded at 23,392.2, followed by a pullback in wave ((ii)) that ended at 23,139.27. The Index then extended higher in wave ((iii)) toward 23,883.98. A corrective dip in wave ((iv)) found support at 23,433.48. The final leg, wave ((v)), carried prices to 24,474.62, completing wave 1 of a higher degree sequence.

After this advance, the Index corrected in wave 2, which unfolded as a zigzag. Wave ((a)) ended at 24,173.28, wave ((b)) at 24,318.3, and wave ((c)) at 23,923.97. This completed wave 2 and set the stage for renewed strength. The market has since resumed higher in wave 3 of (3). The potential upside target is projected at the 100% to 161.8% Fibonacci extension of wave 1, spanning 25,450 to 26,403. In the near term, as long as the pivot at 22,943.3 remains intact, pullbacks should find support within the typical three, seven, or eleven swing corrective structures, paving the way for further gains.
DAX 60 minute chart from 01.07.2026 update

DAX Elliott Wave video:

Hecla Mining (HL) and the $150 Silver Thesis
Introduction

Hecla Mining Company (NYSE: HL) occupies a unique position within the global precious metals sector as the largest primary silver producer in the United States and Canada and a leading domestic producer of critical minerals. With more than 130 years of operating history, Hecla is the oldest precious metals mining company listed on the New York Stock Exchange in North America. Given its concentrated exposure to silver prices, Hecla functions as a leveraged equity proxy for movements in XAG/USD. Recent corrections in silver have weighed on the company’s valuation; however, when viewed through a long-term structural and Elliott Wave framework, these adjustments appear consistent with cyclical price behavior rather than indicative of deteriorating fundamentals. This analysis argues that Hecla is positioned within a powerful secular advance, supported by a developing Elliott Wave nesting structure that aligns with a broader bullish cycle in silver.
Silver Price Corrections and Equity Leverage
As a primary silver producer, Hecla exhibits pronounced operating and earnings leverage to movements in silver prices. A significant portion of the company’s revenue and margin profile is directly linked to XAG/USD. This means that even modest declines in silver prices can disproportionately compress cash flow expectations and equity valuation multiples. Consequently, corrections in silver prices exert an outsized influence on Hecla’s share price, often amplifying downside moves during corrective phases.
Importantly, this dynamic also works in reverse. During sustained silver advances, primary producers such as Hecla historically outperform the underlying commodity. This is due to expanding margins, improving free cash flow, and re-rating of valuation multiples. Recent weakness in HL shares therefore appears to reflect a cyclical adjustment tied to silver’s consolidation rather than a structural impairment of the business. This sets the stage for asymmetric upside should silver resume its long-term advance.
Elliott Wave Framework and the Significance of the 2000 Low
From an Elliott Wave perspective, the year 2000 represents a critical inflection point for Hecla. The lows established during this period marked the end of a prolonged secular bear market and the beginning of a new Grand Super Cycle advance. Despite intermittent volatility and deep corrections since that time, price action has continued to respect higher-degree structural lows, reinforcing the interpretation of a long-term bullish trend.
Hecla remains well below its historical peaks from 1968, underscoring the significance of the 2000 low as a foundational base rather than a terminal high. This long-term underperformance relative to silver further suggests that HL is still in the earlier stages of its secular advance, with substantial upside potential remaining as the cycle matures.
Nesting Structure and Wave (III) Implications
A defining feature of the current Elliott Wave structure in Hecla is the presence of a developing nest. In Elliott Wave Theory, a nest consists of a series of overlapping five-wave advances that form prior to a powerful acceleration into wave (III). These structures reflect persistent accumulation, shallow corrective pullbacks, and increasing momentum. This signals that the market is building energy rather than exhausting a trend.
Here is how a nest looks like in the Elliott Wave Theory:

Price action in HL since October 2000 closely mirrors the characteristics of a textbook nesting pattern. Multiple impulsive advances have unfolded without violating key structural support levels. Each correction has served to reset momentum rather than reverse the trend. This configuration strongly supports the interpretation that Hecla is preparing for a major wave (III) advance within the larger Grand Super Cycle. Here is HL nest with labels pointing higher in wave ((3)).

Under this framework, the $47.36 level represents a minimum technical target associated with the completion of three major waves from the secular low. Reaching this level would still not constitute a completed cycle, but rather confirm the strength of the underlying impulsive phase.

Correlation Between HL and Silver
While the Elliott Wave structures of Hecla and silver differ in form due to the inherent distinctions between equity and commodity markets, their directional alignment remains clear. Long-term charts demonstrate a strong correlation between HL and XAG/USD, particularly during impulsive phases of the silver cycle. Historically, silver tends to lead, with primary producers lagging initially before delivering leveraged performance as the trend strengthens.
Here is HL and Silver in the same chart:

This relationship is evident in the current cycle. Silver has advanced more decisively, while HL remains in a catch-up phase. This reinforces the view that Hecla is positioned for an accelerated move as wave (III) unfolds. At the point HL reaches the $47.36 target, silver is projected to trade within the $91.40–$100.00 range. At this time, both instruments would have completed three waves from their respective all-time lows.

Longer-Term Outlook: Waves ((4)) and ((5))
Within Elliott Wave methodology, the completion of three waves does not mark the end of a trend. Instead, it implies that a corrective wave ((4)) and a final impulsive wave ((5)) remain ahead within the same Grand Super Cycle. Following the anticipated wave (III) advance, a sizable corrective phase is expected to unfold. Afterwards, the final wave ((5)) could drive Hecla into the $60.00–$65.00 range. Under the same framework, silver could ultimately advance toward the $150.00 level.
These projections highlight the multi-decade nature of the cycle. It reinforces the importance of distinguishing between corrective volatility and structural trend reversals.

Conclusion

Hecla Mining Company represents a leveraged equity exposure to silver within a clearly defined long-term bullish framework. Recent valuation compression reflects cyclical silver price corrections rather than a breakdown in fundamentals. From an Elliott Wave perspective, both HL and XAG/USD appear to be aligned within a powerful Grand Super Cycle advance. Hecla is developing a nesting structure that often precedes explosive wave (III) behavior.
While trading and timing remain inherently challenging, the integration of Elliott Wave analysis, corrective structures, and intermarket correlation provides a disciplined framework for navigating volatility. With time still mid-cycle, the broader path and long-term targets for both Hecla and silver remain clearly defined. It positions HL as a compelling vehicle for participation in a potentially historic silver advance.

SPX Elliott Wave: Diagonal Formation in Progress

The short-term sequence of the S&P 500 (SPX) from the November 21, 2025 low reveals a diagonal Elliott Wave structure currently unfolding. A diagonal is characterized by five waves, with the distinctive feature of overlapping between waves one and four. From the November 21 low, wave ((i)) advanced to 6903.46, followed by a corrective pullback in wave ((ii)) that concluded at 6719.8. The Index then resumed its upward trajectory in wave ((iii)), which subdivided into an impulsive structure. Within this advance, wave (i) terminated at 6815.19, while wave (ii) dipped to 6758.5. Momentum strengthened as wave (iii) extended higher, reaching 6882.03, before a modest retracement in wave (iv) ended at 6868.81.

The final leg, wave (v), carried the Index to 6945.77, completing wave ((iii)). A corrective phase then emerged in wave ((iv)), unfolding as a zigzag Elliott Wave structure. In this decline, wave (a) ended at 6888.76, wave (b) rebounded to 6913.71, and wave (c) dropped to 6824.31, thereby completing wave ((iv)). The S&P 500 has since resumed higher in wave ((v)). From wave ((iv)), wave (i) advanced to 6965.69. A pullback in wave (ii) is anticipated, with buyers expected to emerge in three, seven, or eleven swings, supporting further upside potential.

S&P 500 (SPX) 45 minute chart from 01.07.2026 update

Attached Image (click to enlarge)

SPX Elliott Wave video:

Inserted Video

Source: https://elliottwave-forecast.com/new...tion-progress/
Get 14 days Trial --> Click Here

SPX Elliott Wave: Diagonal Formation in Progress

The short-term sequence of the S&P 500 (SPX) from the November 21, 2025 low reveals a diagonal Elliott Wave structure currently unfolding. A diagonal is characterized by five waves, with the distinctive feature of overlapping between waves one and four. From the November 21 low, wave ((i)) advanced to 6903.46, followed by a corrective pullback in wave ((ii)) that concluded at 6719.8. The Index then resumed its upward trajectory in wave ((iii)), which subdivided into an impulsive structure. Within this advance, wave (i) terminated at 6815.19, while wave (ii) dipped to 6758.5. Momentum strengthened as wave (iii) extended higher, reaching 6882.03, before a modest retracement in wave (iv) ended at 6868.81.
The final leg, wave (v), carried the Index to 6945.77, completing wave ((iii)). A corrective phase then emerged in wave ((iv)), unfolding as a zigzag Elliott Wave structure. In this decline, wave (a) ended at 6888.76, wave (b) rebounded to 6913.71, and wave (c) dropped to 6824.31, thereby completing wave ((iv)). The S&P 500 has since resumed higher in wave ((v)). From wave ((iv)), wave (i) advanced to 6965.69. A pullback in wave (ii) is anticipated, with buyers expected to emerge in three, seven, or eleven swings, supporting further upside potential.
S&P 500 (SPX) 45 minute chart from 01.08.2026 update

SPX Elliott Wave video:

NOC Bullish Cycle Nearing Completion with Possible Retest of Highs
NOC remains in a strong long-term bullish structure, but the Elliott Wave cycle looks mature and may retest recent highs before a deeper corrective phase begins.

Northrop Grumman Corporation (NYSE: NOC) remains in a strong long-term bullish trend on the monthly chart. The stock has shown years of steady growth supported by a clear Elliott Wave structure. However, the current cycle now looks mature and may be close to completing. Before this cycle ends, price may retest or slightly break recent highs.
The Elliott Wave counts show that Northrop Grumman completed a major long-term Wave II correction in the past. This correction helped reset the market and prepared it for a powerful new bullish phase. After Wave II ended, the stock started a strong impulsive advance. It developed into a multi-year Wave III rally. After that, the market pulled back in Wave IV but stayed above key support. This confirmed that the main bullish trend was still intact.

From Wave IV, the stock entered an even stronger phase. It developed a clear five-wave structure into V. Inside this move, we can see waves ((1)), ((2)), ((3)), ((4)), and ((5)). Wave ((3)) showed strong momentum, which is normal in Elliott Wave theory. Wave ((4)) formed a sideways corrective structure and held well. The final push higher completed Wave V of Wave (I), showing that the bullish cycle is now advanced.

Even though the cycle is near completion, the chart still suggests some upside. The price can retest or slightly break the recent highs before a bigger correction starts. After that, the stock is expected to enter Wave (II), which may unfold as an a-b-c decline. This correction should be seen as healthy and part of a larger bullish outlook, not a bearish reversal.
The long-term Right Side tag remains bullish. The invalidation level is far lower, which keeps the main trend positive for now.
Conclusion
Northrop Grumman remains bullish, but the current Elliott Wave cycle is getting close to completion. A retest of highs may still happen before a larger corrective Wave (II) develops.

Caterpillar (CAT) Confirms Structural Nesting in the S&P 500 (SPX) With Targets at 10,000
As a bellwether industrial stock, Caterpillar often reflects the underlying strength of the economy and signals long-term market positioning. Its price behavior tends to lead broader market trends, offering insight into structural phases rather than short-term fluctuations. Viewed through this lens, $CAT’s current action suggests stability and leadership, supporting the idea that the $SPX is not topping but instead forming a durable base for a higher long-term move.

Within our Elliott Wave Theory framework, Caterpillar ($CAT) is entering, or may already be within wave ((II)). Wave ((III)) is historically recognized for its strength and vertical price action, occurring when market participants broadly align on one side of the market. Pullbacks in this phase are often regarded as profit-taking rather than genuine reversals. In our system, the most powerful wave ((III)) advances frequently begin after a sequence of smaller-degree 1–2 formations, a structure we call a nest.
Here is a nest in the Elliott Wave Theory:

A nest is a complex arrangement that often confuses traders. It can appear to complete a five-wave move, leading many to expect a correction, when in fact it represents higher-degree setups preparing the market for extension. Caterpillar is currently nesting within the Grand Super Cycle and continues to show strong upside momentum. Since 04.07.2025, the stock has moved vertically, suggesting either that wave ((3)) is already underway or that another nest in wave (1) is forming ahead of wave ((3)). In either case, the message is clear: Caterpillar remains very bullish, with upside targets in the $800–$900 region.

Monthly Elliott Wave Chart of Caterpillar (CAT)

The $SPX chart below shows a similar nest structure, which appears to be ending wave (1) since 04.07.2026. This alignment with $CAT supports the view that both are operating within a powerful wave ((3)). The $10,000 level is the minimum target, but projections extend toward $12,000. Many traders remain skeptical of such levels, yet we have consistently emphasized the validity of the nest and its implications.

Monthly Elliott Wave Chart of S&P 500 (SPX)

Another chart compares $SPX and $CAT directly, highlighting the strong correlation between the two symbols.



At EWF, we have repeatedly stated that indices remain well supported and that a nest into wave ((3)) is a real possibility despite widespread doubt. In a recent seminar, available here, we explain this quadruple nest structure in detail. We follow our system with discipline, deliberately avoiding market noise, and trust our methodology. While only time will confirm the outcome, Caterpillar’s price action continues to reinforce our view. It strengthens he case that a move in the $SPX toward 10,000 could occur much sooner than many expect.

ConocoPhillips (COP) Elliott Wave Forecast: Bullish Trend Eyes $178–$313 Targets
COP Keeps Its Long-Term Bullish Elliott Wave Structure Intact, with Strong Upside Potential Toward Key Fibonacci Targets.

ConocoPhillips continues to show a strong long-term bullish trend using Elliott Wave analysis. The quarterly chart shows a clear impulsive rally from historic lows. The Right Side tag stays bullish as long as price remains above the invalidation level near 3.02. This level is far away from current prices. So, the broader trend remains upward. Pullbacks should act as corrections, not the start of a bearish cycle.
From the earlier historical lows, COP has developed a multi-decade impulsive advance. A clear Wave I, II, and III structure has unfolded over the years, and Wave III is now progressing in its final swings. Each corrective phase has resolved in favor of the larger bullish trend. The most recent strong rally unfolded as Wave (3), followed by a corrective decline that completed Wave (4). After that, price turned higher again and continued to maintain the integrity of the bullish Elliott Wave sequence.

The expectation now is that the stock remains in a broader bullish cycle. The chart suggests a continuation higher toward the 100%–161.8% Fibonacci extension areas around the $178 and $313 levels. Before achieving those higher targets, the structure also allows for an additional corrective leg lower at some stage, labeled as wave IV and then larger wave (II) ahead of another major bullish cycle. However, those declines, if they occur, are expected to remain corrective and should still favor the upside once completed.

The “We Do Not Recommend Selling” note on the chart reinforces the directional bias. With the Right Side tag firmly pointing higher, trading in the direction of the bullish trend remains the preferred approach. Historically, COP has rewarded investors who stayed aligned with the impulsive structure rather than reacting to temporary corrections.
Summary
In summary, ConocoPhillips continues to present a constructive long-term Elliott Wave outlook. The larger bullish cycle remains dominant, invalidation is extremely distant, and the broader structure favors continuation higher toward significant upside targets in the coming years. Pullbacks remain corrective opportunities within a much larger bullish trend, and the long-term outlook stays positive as long as the Right Side remains intact.

Dollar Index (DXY) Extends Corrective Upswing, Bearish Trend Intact

The short-term sequence from the December 24, 2025 low is unfolding as a double three Elliott Wave structure. From that low, wave ((a)) advanced to 98.5. A corrective pullback in wave ((b)) followed and ended at 98.14. Wave ((c)) then moved higher, reaching 98.86, which completed wave W at a higher degree. Afterward, wave X retraced and finished at 98.16.

From this point, the Index resumed its upward path in wave Y. This leg subdivides into another zigzag of lesser degree. Rising from wave X, the Index appears ready to extend one more push higher to complete wave ((a)). Once that advance is achieved, a corrective pullback in wave ((b)) should unfold. This correction will adjust the cycle that began from the January 6, 2025 low. Afterward, the sequence is expected to resume higher.

The potential target for the next advance is defined by the 100% to 161.8% Fibonacci extension of wave W. This zone lies between 99.2 and 100. Sellers are likely to emerge in this area, producing either renewed downside pressure or at minimum a three-wave corrective pullback.

In the near term, as long as the pivot at 97.75 remains intact, pullbacks should find support within the 3, 7, or 11 swing sequence. Traders should remain attentive to the 99.2–100 region. It represents a critical juncture for the next directional move and will likely determine whether the Index continues higher or pauses for a deeper correction.

Dollar Index (DXY) 60 minute chart from 01.09.2026 update


DXY Elliott Wave video:

Inserted Video

Source: https://elliottwave-forecast.com/new...-trend-intact/
Get 14 days Trial --> Click Here

Dollar Index (DXY) Extends Corrective Upswing, Bearish Trend Intact
The short-term sequence from the December 24, 2025 low is unfolding as a double three Elliott Wave structure. From that low, wave ((a)) advanced to 98.5. A corrective pullback in wave ((b)) followed and ended at 98.14. Wave ((c)) then moved higher, reaching 98.86, which completed wave W at a higher degree. Afterward, wave X retraced and finished at 98.16.

From this point, the Index resumed its upward path in wave Y. This leg subdivides into another zigzag of lesser degree. Rising from wave X, the Index appears ready to extend one more push higher to complete wave ((a)). Once that advance is achieved, a corrective pullback in wave ((b)) should unfold. This correction will adjust the cycle that began from the January 6, 2025 low. Afterward, the sequence is expected to resume higher.
The potential target for the next advance is defined by the 100% to 161.8% Fibonacci extension of wave W. This zone lies between 99.2 and 100. Sellers are likely to emerge in this area, producing either renewed downside pressure or at minimum a three-wave corrective pullback.
In the near term, as long as the pivot at 97.75 remains intact, pullbacks should find support within the 3, 7, or 11 swing sequence. Traders should remain attentive to the 99.2–100 region. It represents a critical juncture for the next directional move and will likely determine whether the Index continues higher or pauses for a deeper correction.
Dollar Index (DXY) 60 minute chart from 01.09.2026 update

DXY Elliott Wave video:

CHFJPY Aims $200 from Blue Box As Buyers Regain Control
Hello traders and welcome to a new blog post discussing about our blue box trading strategy. In this post, the spotlight will be on CHFJPY currency pair.

The Yen pairs continue to rise as expected, with bullish cycles from last year appearing incomplete despite being in advanced stages. This presents more opportunities for buyers to enter the market from dips. Specifically, CHFJPY has been in the 3rd wave of a bullish cycle since September 2024. This bullish run is developing as an impulse wave structure within an extended 3rd wave, following the conclusion of the 2nd wave in February 2025. Since then, the 3rd wave has been extending.
In December, wave 3 reached 2.618% of wave 1 from wave 2. However, the divergence from July 2025 has been erased, suggesting further upside potential. Furthermore, the Indices seem to have not completed the bullish cycle from April 2025. Consequently, we maintain a bullish outlook on the Yen pairs. In a bullish sequence, we favor buying at the extremes of 3, 7, and 11 swing pullbacks.
CHFJPY Shorter Cycle Bullish Opportunity – 7th January 2026
In late December, the pair began to pull back. While some may have considered it time to sell against the trend, we remained focused on buying the pullback. It continued through the last week of December and into the first week of January. On January 7, 2026, we identified the pullback structure as a double three corrective setup. Therefore, we shared the chart below, displaying the blue box, with Elliottwave_Forecast members.

The blue box on the chart indicates the buying zone of 196.105-195.027. Traders entered long positions at 196.10, setting their stop-loss at 195.02, anticipating either a recovery or at least a 3-swing bounce. We documented this trade in the trading journal and discussed it with members in the live trading room. In the live trading room, we cover all aspects of trading, from initial setup and entry points to thorough trade management until closure. We also maintain a watchlist and share trade outcomes there to keep members informed.

CHFJPY Setup: 12th January, 2026

The pair reached the blue box, triggering buying interest, and subsequently bounced sharply as anticipated. Consequently, our members are realizing significant profits, even after taking partial profits at the initial target. We anticipate continued upside support as the pair moves towards $200 and beyond. This has been a successful trade for all our participating members.

About Elliott Wave Forecast
At www.elliottwave-forecast.com, we update one-hour charts four times daily and four-hour charts once daily for all 78 instruments. We also conduct daily live sessions to guide clients on the right side of the market. Additionally, we have a chat room where moderators answer market-related questions. Experience our service with a 14-day trial for only $9.99. Cancel anytime by contacting us at [email protected].

BLDR Elliott Wave Bullish Structure Points Toward New All-Time Highs
Wave (II) Looks Complete, Right-Side Remains Bullish, and Wave (III) Targets Higher Prices Ahead
Builders FirstSource (NYSE: BLDR) continues to show a strong bullish outlook based on Elliott Wave Theory. The monthly chart highlights an impressive impulsive advance into the peak of wave (I). After that strong rally, the stock entered a larger corrective phase. This correction formed a W-X-Y structure and likely completed wave (II) inside the blue box support area.
Wave (II) Correction Likely Completed – Bullish Right Side Remains Intact
During the correction, price tested key Fibonacci areas near 118.91 and the deeper 66.76 level. This zone created a major support region and helped the market stabilize. The Right Side tag still favors the bullish direction. The invalidation level remains far below, so the bullish structure stays valid as long as price holds above support.
After stabilizing inside the blue box, BLDR started to turn higher. This move suggests that wave ((1)) of a new bullish cycle may have already begun. A small pullback in wave ((2)) can still happen, but as long as it remains corrective, the stock should continue higher again.


Upside Targets and Long-Term Bullish Expectation
With wave (II) potentially completed, BLDR is positioned to begin a powerful impulsive advance in wave (III). Historically, third waves tend to be the strongest and longest within Elliott Wave structures, often breaking previous highs and establishing new records. Therefore, the next bullish phase is expected to challenge recent highs and then push toward new all-time highs, supported by strong momentum and positive cycle alignment.
We do not recommend selling the stock as the long-term trend remains bullish. As long as the structure holds above the invalidation level and price continues respecting the bullish sequence, buyers are expected to remain in control.
Summary
In summary, Builders FirstSource maintains a strong bullish Elliott Wave structure, showing that wave (II) is likely in place and the market is preparing for a powerful advance in wave (III). Investors and traders who follow long-term structural trends may continue to favor the upside, anticipating new all-time highs in the coming cycles.

SanDisk (NASDAQ: SNDK) Bullish Path Beyond $440
SanDisk (NASDAQ: SNDK) surged over 1000% since its IPO last year and it shows no signs of slowing. Today, we decode the Elliott Wave structure behind its powerful breakout. Consequently, our analysis charts a precise path to higher targets. This technical blueprint reveals a compelling setup fueled by pure momentum.

Elliott Wave Analysis
SNDK rallied from its April 2025 low in a strong impulse. This move marked Wave I at $286 in November 2025. Subsequently, a three-wave pullback formed Wave II at $183. Then, the stock turned higher again in a powerful Wave III. This wave broke into new all-time highs within a nesting structure.
Currently, the bullish sequence remains incomplete. Therefore, the stock should continue rallying toward the $440 – $501 target zone. This advance will unfold through a series of third and fourth waves.
Consequently, we expect all short-term SNDK pullbacks to find buyers. These corrections will form as 3, 7, or 11 swings. The primary daily cycle remains active. Ultimately, this should propel prices beyond the $500 level.
SNDK 4 Hour Chart 1.12.2026

Conclusion

SNDK’s bullish cycle maintains its strength. Consequently, traders should focus on strategic entries during daily pullbacks. Apply our Elliott Wave methodology for exact timing. More precisely, enter the market after a 3, 7, or 11-swing correction finishes. Additionally, our proprietary Blue Box system pinpoints high-probability entry zones. Consequently, this disciplined method provides clarity and confidence. Ultimately, it positions traders to capture the next major bullish leg.

Elliott Wave Structure: Gold (XAUUSD) Targeting Final Leg of Wave 5

Gold (XAUUSD) continues to advance to fresh all‑time highs, reinforcing a firmly bullish trend across the broader market. The metal is now progressing toward the completion of wave 5 within the Elliott Wave framework. The rally to $4550.52 marked the termination of wave 3, after which a corrective phase unfolded. Wave 4 developed as a double three structure, reflecting a complex but orderly consolidation. From the peak of wave 3, wave ((w)) concluded at $4301.79, followed by wave ((x)) at $4404.41. The final leg, wave ((y)), ended at $4273.58, thereby completing wave 4 at a higher degree.

Following this correction, gold resumed its upward trajectory in wave 5. The current advance is unfolding as an impulsive sequence in lesser degree. From the base of wave 4, wave (i) finished at $4402.35, while the subsequent dip in wave (ii) reached $4309.42. Momentum carried wave (iii) to $4439.90, before a modest pullback in wave (iv) ended at $4395.92. The final push in wave (v) reached $4500.64, completing wave ((i)) of higher degree. A corrective zigzag in wave ((ii)) then ended at $4407.44.

The metal has since resumed higher in wave ((iii)). From that point, wave (i) concluded at $4483.99, while wave (ii) retraced to $4452.58. Strong buying pressure lifted wave (iii) to $4630.24, confirming renewed bullish momentum. In the near term, as long as the pivot at $4273.58 remains intact, dips are expected to find support. These supports typically emerge in three, seven, or eleven swing sequences, offering traders opportunities to align with the prevailing upside trend.

Gold (XAUUSD) 60 minute chart from 01.13.2026 update

Attached Image (click to enlarge)

XAUUSD Elliott Wave video:

Inserted Video

Source: https://elliottwave-forecast.com/new...al-leg-wave-5/
Get 14 days Trial --> Click Here

EURJPY Breaks Higher: Blue Box Delivers New Highs
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of EURJPY. In which, the rally from 31 July 2025 low is unfolding as an impulse sequence. Therefore, called for more upside to take place. We knew that the structure in the pair should remains incomplete & should see more upside. 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:

EURJPY 1-Hour Elliott Wave Chart From 1.07.2026

Here’s the 1-hour Elliott wave Chart from the 1.07.2026 London update. In which, the rally to 184.92 high completed wave ((iii)) & made a pullback in wave ((iv)). The internals of that pullback unfolded as Elliott wave double correction where wave (w) ended at 183.19 low. Then a bounce to 184.43 high-ended wave (x) & started the next leg lower in wave (y) towards 182.73- 181.68 blue box area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum.

EURJPY Latest 1-Hour Elliott Wave Chart From 1.13.2026

This is the latest 1-hour Elliott wave Chart from the 1.13.2026 Asia update. In which the pair is showing a strong reaction higher taking place, right after ending the double correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. Since than the pair has already made a new high above previous wave ((iii)) high and now targeting 185.47- 186.34 minimum extension target to end wave ((v)).

If you are looking for real-time analysis in EURJPY along with the other forex pairs then join us with a 14-Day Trial for the latest updates & price action.
Success in trading requires proper risk and money management as well as an understanding of Elliott Wave theory, cycle analysis, and correlation. We have developed a very good trading strategy that defines the entry.
Stop loss and take profit levels with high accuracy and allow you to take a risk-free position, shortly after taking it by protecting your wallet. If you want to learn all about it and become a professional trader. Then join our service by taking a Trial.