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Johnson Controls (JCI) Favors Rally Up To 151.5 Before Correcting Next

Johnson Controls International plc, (JCI) engages in engineering, manufacturing, commissioning & retrofitting building products & systems in United States & globally. It operates in four segments like Building Solutions in North America, Building Solutions EMEA/LA, Building Solutions Asia-Pacific & Global products. It comes under Industrials sector & trades as “JCI” ticker at NYSE.
JCI is showing bullish Elliott Wave sequence in weekly. It favors rally in ((3)) of III & expect continuation, while dips remain above January-2026 low. We like to buy the next pullback in ((4)) at extreme area against October-2023 low.
In weekly, it ended I of (III) at $81.77 high & II at $45.52 low in July-2022. Above there, it favors rally in III, where ((3)) is extended. Within III, it ended ((1)) at $69.60 high in Jan-2023, ((2)) at $47.90 in Oct-2023 & favors rally in (5) of ((3)). Within ((3)), it ended (1) at $91.14 high, (2) at $68.03 low, (3) at $123.78 high, (4) at $108.41 low & favors rally in (5). The current rally in (5) already reached the minimum extension of $134.03. But it can extend up to $151.52 or higher to end the (5) as ((3)), while dips remain above 1.06.2026 low before correcting next.
JCI – Elliott Wave Latest Weekly View:


We like to buy the dip in ((4)) in 3, 7 or 11 swings at extreme area, which defined once (A) & (B) ends. The current rally in (5) expects minor two highs, while dips remain above 1.06.2026 low. But, if it breaks that level, then it already ended ((3)) at last peak. A pullback in ((4)) will confirm, when it breaks the last trendline passing through (2) & (4). If it extends above $151.52 & managed to erase the RSI divergence, then it can nesting in (3) of ((3)) as most bullish case. So, don’t like selling it in any pullback.
JCI is not the part of regular service at EWF. But we provide time to time updates on instruments 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 us for 14 days for only $0.99 (limited time offer). Also, you can check out the Educational section to learn Elliott wave theory & its application through different packages available & 1-1 coaching for doubts.

Elliott Wave Analysis: AMZN Resumes Downtrend as Wave 5 Decline Unfolds

Amazon completes wave 4 bounce and turns lower toward Fibonacci downside targets.
Amazon (AMZN) has resumed its decline after completing a corrective bounce. The stock formed a three-swing recovery in red wave 4 following the earlier three-wave drop from the peak at 247.77. The bounce remained corrective and failed to change the bearish trend. After finishing wave 4, price turned lower again and started a new impulsive move. The decline is now progressing in wave 5 and is developing as a clear five-wave structure. This confirms sellers remain in control and the larger downside sequence continues.
In the near term, the current leg lower should extend toward the 1.236 external retracement of wave 4 near 192.96. This area represents the first downside target. However, the bearish momentum suggests the move can stretch further. The next potential objective stands near 187.17 if selling pressure continues. Rallies are expected to remain corrective and should fail below the wave 4 pivot. Therefore, buying at current levels is not recommended. The market still favors selling bounces while the structure stays bearish.
Overall, AMZN remains in a downward trend. The Elliott Wave structure supports additional weakness in the short term as wave 5 continues to unfold.


AMZN Elliott Wave Video:

EURUSD Buy Setup
EURUSD Buy Trade Setup
1. Bullish divergence market pattern. (Red line)
2. Bullish CHoCH/Change of Character. (Black line)
3. Price below equilibrium level where buyers are waiting. (Blue)
4. Wait for price to tap demand zone (Pink) and buy zone (Green) first then enter BUY/LONG with stop loss at the range low and target at 2R minimum.
EURUSD 4 Hour Chart February 16 2026


A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup. We at EWF never say we are always right. No market service provider can forecast markets with 100% accuracy. Only thing we at EWF 100%, is that we are RIGHT more than we are WRONG.
Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade. Hope you enjoyed this article and follow me on social media for updates and questions> @AidanFX
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Xcel Energy (XEL) In Early Stages of a Powerful Wave (III) Rally

NASDAQ-listed XEL completes corrective wave (II) at $43.64 and turns higher, signaling the beginning of a potentially explosive impulsive advance.
Xcel Energy Inc (XEL), listed on the NASDAQ, is showing a compelling bullish Elliott Wave structure on the long-term chart. The technical outlook suggests the stock is transitioning into a powerful impulsive phase, with higher highs expected in the coming quarters. From the early 2000s, XEL has developed a clear five-wave impulsive structure at higher degree. The stock completed a large degree wave III advance followed by a complex wave IV correction. After finishing wave IV, price resumed higher in wave V, completing a major cycle top before entering a corrective sequence.
That corrective phase unfolded as a three-wave structure labeled a-b-c of cycle degree. The decline concluded with wave c terminating near the $43.64 level, which now acts as the key invalidation level. This zone represents the completion of blue wave (II), confirming that the broader bullish trend remains intact as long as price holds above this area.


Early Stages of a Strong Impulse
Following the completion of wave (II), XEL has turned higher decisively. The current rally indicates that the stock has entered the early stages of wave I of (III), typically the strongest and most dynamic phase in an Elliott Wave cycle.
On the lower degree, five waves have already been completed in wave ((1)), followed by a corrective pullback in wave ((2)). The stock is now turning higher again, suggesting the beginning of wave ((3)), which is generally the strongest and most extended segment within an impulse.
This alignment across multiple degrees significantly strengthens the bullish outlook.
Why Selling Is Not Recommended
Given the completed corrective structure and the emerging impulsive advance, selling at current levels is not technically justified. The chart structure favors trading in the direction of the prevailing uptrend rather than attempting counter-trend positions.
As long as price remains above $43.64, the bullish wave count remains valid. A sustained move higher would confirm that wave (III) is underway, potentially leading to an extended rally beyond recent highs.
Technical Outlook

1. Invalidation Level: $43.64
2. Trend Bias: Bullish
3. Wave Position: Early stage of wave I of (III)
4. Structure: Impulsive with completed five-wave lower degree advance

Overall, XEL appears positioned for a strong upside continuation, supported by a well-defined Elliott Wave structure and multi-degree alignment favoring further gains.

CL #F Elliott Wave Analysis: Extending Lower Toward 60.50

Elliott Wave Crude Oil Futures CL #F have turned lower in a corrective zigzag pattern at the moment where wave ((a)) unfolded in 5 waves at 61.12 low. Up from there, wave ((b)) peak unfolded in lesser degree 7 swings structure at 65.83 high. And are now progressing through wave ((c)) to the downside. Within this structure, waves (i) and (ii) appear complete, and price has started to accelerate lower in wave (iii). Wave (iii) is expected to extend toward the 60.50 area, which represents equality with wave (i). This level serves as the next key downside target as bearish momentum builds. As long as the structure remains impulsive, further weakness is favored in the near term.
After reaching 60.50, we anticipate a corrective bounce in wave (iv), likely unfolding in at least three swings before sellers re-emerge in CL #F. Following that bounce, another leg lower in wave (v) should complete the five-wave sequence within the broader ((c)) structure.
The overall downside target for this corrective cycle in wave B is projected in the 60.50–57.20 range. Until the structure changes, rallies are expected to remain corrective, with the path of least resistance staying to the downside.
CL_F 1-Hour Elliott Wave Chart From 2.18.2026


CL#F Elliott Wave Video:

Trading Patterns Explained: Types, Examples, and How Traders Use Them

https://elliottwave-forecast.com/wp-...s-Use-Them.pngFinancial markets are not random. While short-term price movements may appear chaotic, market behavior consistently follows recognisable patterns driven by trader psychology, liquidity, and structural forces.
Learning to identify trading patterns is one of the most important skills a trader can develop. These patterns help traders understand where the market has been, what it is doing now, and what it is most likely to do next.
In this guide, we’ll break down what trading patterns are, why they matter, and how traders use them to improve decision-making, timing, and risk management.
What Are Trading Patterns?
Trading patterns are recurring price formations that appear on charts and reflect collective market behavior over time.
They are created by price movements and visualized using:

1. Trend lines
2. Support and resistance levels
3. Highs and lows over a defined period

A trading pattern is typically bounded by at least two trend lines, which can be straight or curved. These trend lines help traders identify:

1. Consolidation phases
2. Trend continuations
3. Potential reversals

Trading patterns can form on any timeframe, including:

1. Intraday (minutes or hours)
2. Daily
3. Weekly
4. Monthly

Because markets are fractal, the same patterns repeat across timeframes — what changes is their importance and impact. Many recurring chart formations can also be interpreted through broader Elliott Wave market structure, which helps explain trend cycles and corrections.
Why Identifying Trading Patterns Matters
Recognizing trading patterns is a core component of technical analysis. It allows traders to move beyond emotional reactions and base decisions on structure and probability.
Informed Decision-Making
Trading patterns provide a structured framework for decision-making. Instead of guessing, traders can assess:

1. Market direction
2. Trend strength
3. Potential turning points

By identifying patterns, traders gain clarity about whether a market is:

1. Trending upward (bullish)
2. Trending downward (bearish)
3. Consolidating or ranging

For example:

1. Price consistently making higher highs and higher lows suggests a bullish trend
2. Price making lower highs and lower lows suggests a bearish trend

This context helps traders align decisions with market conditions rather than emotions. Traders often combine chart structures with forex signals to gain clearer context on probable market direction and risk boundaries.
Increased Profitability
Markets tend to repeat similar behaviors under similar conditions. This is why trading patterns are powerful.
Once traders learn to recognize and interpret patterns correctly, they can:

1. Anticipate breakouts or reversals
2. Enter trades with better timing
3. Avoid low-probability setups

Patterns don’t guarantee success, but they tilt probabilities in the trader’s favor when combined with sound risk management.
Directional Bias
Pattern recognition helps traders develop a directional bias — a clear understanding of whether they should be looking for buying opportunities, selling opportunities, or staying on the sidelines.
Trading with the dominant trend:

1. Improves win rates
2. Reduces emotional stress
3. Prevents fighting the market

Even in sideways markets, recognizing consolidation patterns helps traders avoid overtrading.
Entry and Exit Precision
Trading patterns provide clear reference points for:

1. Trade entries
2. Profit targets
3. Stop-loss placement

By understanding where a pattern breaks or fails, traders can:

1. Time entries more effectively
2. Exit losing trades quickly
3. Let winning trades run when structure supports it

Risk Management
Pattern recognition plays a crucial role in managing risk.
Clear patterns allow traders to:

1. Define invalidation levels
2. Place logical stop losses
3. Adjust position size based on structure

When risk is clearly defined before entering a trade, emotional decision-making decreases significantly. Understanding divergence trading patterns can help traders spot weakening momentum and anticipate potential reversals before they appear clearly on price charts.
https://elliottwave-forecast.com/wp-...A-Signals.webpMost Common Trading Patterns
Below are some of the most widely used and reliable trading patterns across financial markets.
Ascending Triangle
The ascending triangle is a bullish continuation pattern.
Key characteristics:

1. Flat resistance line
2. Rising support line
3. Increasing buying pressure

https://elliottwave-forecast.com/wp-.../Picture-1.jpg
https://elliottwave-forecast.com/wp-.../Picture-2.jpgA breakout above resistance often signals continuation of the uptrend.
Descending Triangle
The descending triangle is typically a bearish continuation pattern.
Key characteristics:

1. Flat support line
2. Descending resistance line
3. Increasing selling pressure

https://elliottwave-forecast.com/wp-.../Picture-3.jpgA breakdown below support often leads to further downside.
Symmetrical Triangle
The symmetrical triangle forms when price compresses between:

1. Rising support
2. Falling resistance

https://elliottwave-forecast.com/wp-.../Picture-5.jpghttps://elliottwave-forecast.com/wp-.../Picture-6.jpgThis pattern signals indecision, and breakouts can occur in either direction. Traders often wait for confirmation before entering.
Pennant
Pennants form after strong price moves and represent short consolidation phases.
Key characteristics:

1. Sharp impulsive move
2. Brief consolidation
3. Continuation in the original direction

https://elliottwave-forecast.com/wp-.../Picture-7.pngPennants often appear in trending markets.
Flag Pattern
The flag pattern resembles a small channel moving against the prevailing trend.
Despite the temporary counter-trend movement, the breakout usually occurs in the direction of the original trend, making it a continuation pattern.
https://elliottwave-forecast.com/wp-.../Picture-8.jpghttps://elliottwave-forecast.com/wp-...4_18_16-PM.png
Double Bottom
The double bottom resembles the letter “W” and signals a potential bullish reversal.
Key characteristics:

1. Two failed attempts to break support
2. Increasing buying pressure
3. Break above resistance confirms reversal

https://elliottwave-forecast.com/wp-...4_19_49-PM.pnghttps://elliottwave-forecast.com/wp-...Picture-11.png
Double Top
The double top resembles the letter “M” and signals a potential bearish reversal.
After two failed attempts to break resistance, price often reverses downward.
https://elliottwave-forecast.com/wp-...12-300x132.pnghttps://elliottwave-forecast.com/wp-...Picture-13.jpgHead and Shoulders
The head and shoulders pattern is a classic reversal formation.
Structure:

1. Left shoulder
2. Higher peak (head)
3. Right shoulder
4. Break below neckline confirms reversal

https://elliottwave-forecast.com/wp-...Picture-15.jpghttps://elliottwave-forecast.com/wp-...Picture-16.jpgAn inverse version exists for bullish reversals.
Using Charts and Patterns to Anticipate Market Movements
Technical analysis uses historical price data to assess future probabilities.
Chart Patterns
Chart patterns help traders:

1. Identify trend continuations
2. Spot potential reversals
3. Understand consolidation phases

Common chart patterns include triangles, flags, head and shoulders, and double tops/bottoms. Another useful confirmation method involves divergence trading patterns, which highlight weakening momentum before price reversals occur.
Support and Resistance Levels
Support and resistance are psychological price levels where markets often react.

1. Support: price level where buying interest increases
2. Resistance: price level where selling pressure increases

Repeated reactions at these levels strengthen their importance.
Moving Averages
Moving averages smooth price data and help identify trends.
Common types include:

1. 20-day or 50-day (short-term)
2. 100-day or 200-day (long-term)

Crossovers and price reactions around moving averages often align with pattern behavior.
Oscillators
Oscillators measure trading momentum and overbought/oversold conditions.
Examples include:

1. RSI
2. Stochastic Oscillator
3. MACD

These tools are best used in combination with patterns, not in isolation. Technical confirmation often comes from momentum tools and the best forex indicators used alongside chart patterns.
Successful Trading Through Pattern Recognition
At its core, trading is about recognizing repeatable setups and executing them consistently.
Recognizing Market Patterns
Pattern recognition allows traders to:

1. Anticipate price behavior
2. Reduce uncertainty
3. Improve timing
4. Manage risk more effectively

Once patterns are identified, traders apply structured forex trading strategies to manage entries, exits, and overall risk.
Implementing Strategies Based on Patterns
Once a pattern is identified, traders apply strategies aligned with its structure.
Examples:

1. Selling breakdowns in double tops
2. Buying breakouts in double bottoms
3. Trading pullbacks in flag patterns

The key is confirmation, not prediction.
To see how professional traders apply these concepts in live markets, you can explore our Elliott Wave Forecast trading plans available to members.
Limitations of Pattern Recognition
While powerful, trading patterns are not foolproof.
Challenges include:

1. False breakouts
2. Pattern variations
3. Subjective interpretation
4. Changing market conditions

Patterns work best when combined with:

1. Risk management
2. Multiple confirmations
3. Experience and discipline

Conclusion
Trading pattern recognition is one of the most valuable skills a trader can develop.
It helps traders:

1. Understand market structure
2. Improve decision-making
3. Increase consistency
4. Manage risk more effectively

However, patterns should never be used in isolation. Successful traders combine pattern recognition with sound risk management, market context, and continuous learning.
In today’s technology-driven markets, advanced tools and charting platforms make pattern recognition more accessible than ever — but understanding remains the real edge.
Master the patterns, respect the risk, and let structure guide your decisions.
Traders who want to apply structured analysis in real time can start with a 14-Day Trial and follow live market updates step by step.
Disclaimer: Chart illustrations are simplified examples for educational purposes. Real-market patterns may vary in shape, duration, and outcome.

SPX Completes Correction and Turns Higher in Wave 3

S&P 500 completes wave 2 pullback near 6775.50 and resumes bullish momentum above the blue box.
The S&P 500 (SPX) appears to have completed its pullback in red wave 2 at the equal legs area near 4776, unfolding in a corrective 7-swing structure. From that support zone, price has turned higher, suggesting wave 3 is now underway. While there remains a possibility that the correction could extend into an 11-swing structure toward the 1.618 Fibonacci extension around 6440, but we are taking a more aggressive stance that the pullback has already ended. The strong reaction from the blue box area reinforces the bullish outlook and supports the idea that buyers have regained control.
Wave 3 typically represents the strongest and most impulsive leg within the Elliott Wave sequence. Early price action is showing constructive characteristics, indicating upside momentum is building. As long as SPX holds above 6775.5083 low, the preferred scenario calls for continued upside extension. We do not recommend selling against the current structure. Instead, pullbacks are expected to remain corrective and provide buying opportunities in alignment with the developing bullish sequence.
Overall, the index is positioned for further upside while holding above key support levels.
SPX 1-Hour Elliott Wave Chart From 2.19.2026
https://elliottwave-forecast.com/wp-...3mTv75VldW.jpg
SPX Elliott Wave Vide:

Coca-Cola (NYSE: KO) Aiming for Triple-Digits ($100)

Coca-Cola Co (NYSE: KO) continues setting new record highs weekly. In this article, we analyze its weekly Elliott Wave structure. Our analysis reveals the current bullish breakout path and key upside targets.
Elliott Wave Analysis
KO is advancing within a nesting structure from its 2023 low. Wave ((1)) ended at $73.53. Subsequently, Wave ((2)) corrected to $60.62. Next, Wave (1) reached $74.38. Then, Wave (2) finished at $65.35. Currently, acceleration unfolds within wave 3 of (3). Therefore, at least three more swings higher should occur. This incomplete bullish sequence supports continued upside within the weekly cycle.
The initial wave (3) target is the $82 – $89 equal legs area. Furthermore, the full wave ((3)) projection targets the $101 Fibonacci 1.618 extension. This zone should precede the next major correction.
After KO completes its five-wave advance from 2023, Wave IV will begin. This pullback will create another strategic entry point. Subsequently, the stock will resume its weekly uptrend in Wave V.
KO Weekly Chart 2.19.2026
https://elliottwave-forecast.com/wp-...8-1024x504.png
Conclusion
KO‘s weekly uptrend remains strongly bullish. Consequently, traders should target strategic entries during corrective pullbacks. Apply our Elliott Wave strategy for precise timing. Specifically, enter the market after a 3, 7, or 11-swing correction completes. Additionally, our proprietary Blue Box system identifies high-probability reversal zones. This disciplined approach provides clarity and confidence. Ultimately, it positions you to capture the next major advance.

Gold (XAUUSD) Signals Wave C Breakout

Gold has completed a 7-swing corrective decline in wave B at 4838 and has since turned higher, signaling the start of a new impulsive sequence in wave C. The reaction from 4838 was decisive, suggesting that the correction has likely ended and buyers have regained control of the short-term trend. Within wave C, we have already seen a clear five-swing advance in wave ((i)), confirming the impulsive nature of the move higher. Following that advance, the market is now correcting in wave ((ii)). At this stage, wave ((ii)) may have already completed; however, there remains a possibility of one more marginal low between 4966 and 4937 to complete a three-swing pullback from the recent peak.
As long as price remains above the wave B low at 4838, the overall outlook continues to favor further upside. The next key objective stands at 5339, which represents equal legs measured from the 4402 low. Reaching that area would complete the larger corrective sequence in proportional symmetry.
In the near term, pullbacks are expected to remain corrective, with wave C projected to extend higher toward the 5339 target. The broader structure supports continued upside while holding above critical support at 4838.
Gold (XAUUSD) 1-Hour Elliott Wave Chart From 2.20.2026

Elliott Wave Perspective: MAGS Poised to Correct Cycle from April 2025 Low



The Roundhill Magnificent Seven ETF (MAGS) is an ETF which provides equal‑weight exposure to the “Magnificent Seven” tech giants. The ETF consists of Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. Launched in April 2023, it offers investors a simple, efficient way to capture the performance of these market‑leading innovators. Below we will update the Elliott Wave technical outlook for the ETF.
MAGS Weekly Elliott Wave Chart
https://elliottwave-forecast.com/wp-...24-300x146.jpg
On the weekly Elliott Wave chart of the Magnificent Seven ETF (MAGS), the rally from the all‑time low culminated in wave (I) at $58.69 in December 2024. The rally unfolded as a five‑wave impulse structure. The ETF then corrected in wave (II), which bottomed at $39 in April 2025. From that low, MAGS resumed higher in wave (III) as a nested sequence, advancing to complete wave I at $69.14. It is now pulling back to correct the cycle from the April 2025 low in a 3‑, 7‑, or 11‑swing structure before resuming higher.
MAGS Daily Elliott Wave Chart
https://elliottwave-forecast.com/wp-...09-300x146.jpg
The daily Elliott Wave chart of the Magnificent Seven ETF (MAGS) shows that the rally from the April 2025 low ended in wave I at $69.14. The pullback in wave II is unfolding as a double‑three corrective structure. From wave I, wave ((W)) completed at $60.13. The rally in wave ((X)) is now in progress, correcting the cycle from the October 29, 2025 high in 3‑, 7‑, or 11 swings before turning lower again. Near term, as long as the pivot at the $39 low remains intact, the pullback is expected to find support in a 7‑swing sequence, setting the stage for further upside.
MAGS Elliott Wave Video

IBEX Validates Elliott Wave with Spot-On Blue Box Reaction

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of IBEX. We presented to members at the elliottwave-forecast. In which, the rally from the 07 April 2025 low is unfolding as an impulse structure. Also showed a higher high sequence suggested that index should see more upside extension to complete the impulse sequence. Therefore, we advised members not to sell the index & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:
IBEX 1-Hour Elliott Wave Chart From 2.13.2026
https://elliottwave-forecast.com/wp-...0213101515.jpg
Here’s the 1-hour Elliott wave chart from the 2.13.2026 New York update. In which, the short-term cycle from the 11.21.2025 low ended in wave (3) as impulse at 18275.20 high. Down from there, the IBEX made a pullback in wave (4) to correct that cycle. The internals of that pullback unfolded as Elliott wave zigzag structure where wave A ended at 17650.80 low. Wave B bounce ended at 18267.30 high. Then wave C managed to reach the blue box area at 17654.11- 17272.18. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.
IBEX Latest 1-Hour Elliott Wave Chart From 2.20.2026
https://elliottwave-forecast.com/wp-...0220141653.jpg
This is the 1-hour Elliott wave Chart from the 2.20.2026 NY Midday update. In which the index is showing a 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. Since then, IBEX has already made a new high targeting 18433.67- 18696.81 area higher minimum before profit taking & next pullback takes place in 3, 7 or 11 swings.
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Is Gold Ready to Extend Higher? Elliott Wave Perspective

Spot Gold (XAUUSD) reached an all-time high of $5598.75 on January 29 before undergoing a sharp correction to $4402.40 on February 2. From that low, the metal began a recovery that can be characterized as a nesting impulse. This structure reflects a sequence of advancing waves, each building upon the prior move to sustain upward momentum.

From the February 2 low, wave ((1)) concluded at $5091.95, while the subsequent decline in wave ((2)) found support at $4655.30, as illustrated on the one-hour chart. Following this, the market advanced into wave ((3)), which itself nested higher. Within wave ((3)), wave (1) terminated at $5119.16, and the corrective pullback in wave (2) ended at $4841.32. The internal subdivision of wave (2) unfolded as a double three Elliott Wave pattern. Specifically, wave W declined to $4877.75, wave X rallied to $5053.11, and wave Y completed at $4841.32. This sequence finalized wave (2) at a higher degree, setting the stage for renewed strength.

Since then, the metal has resumed its upward trajectory. In the near term, as long as the pivot at $4841.32 remains intact, pullbacks are expected to attract buyers. This condition supports the view that gold will continue advancing, with corrective moves offering opportunities for accumulation rather than signaling deeper weakness.

Gold (XAUUSD) 1-Hour Elliott Wave Chart From 2.24.2026

Attached Image (click to enlarge)

XAUUSD Elliott Wave Video:

Inserted Video

Source: https://elliottwave-forecast.com/new...e-perspective/
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ASML Holding (ASML): Rally Targets 1537-1605 Area

ASML Holding N.V., (ASML) provides lithography solutions for the development, production, marketing, sales, upgrading & servicing semiconductor equipment systems. It also offers hardware, software & services to chipmakers to produce the patterns of integrated circuits. It comes under Technology sector & trades as ‘ASML’ ticker at Nasdaq.
ASML is bullish in weekly & favors rally to extend April-2025 sequence explained in previous article. It expects rally to extend into $1536.7 – $1604.8 area, while holding above 2.04.2026 low.
ASML – Elliott Wave Latest Daily View:https://elliottwave-forecast.com/wp-...02/ASML-D2.jpg
In weekly, it ended (I) at $895.93 in September-2021 & (II) at $363.15 low in October-2022. Above there, it is showing nest as trend channel broken upward & favors rally against April-2025 low. Above October-2022 low, it ended I of (III) at $1110.09 high & II at $578.51 low. Within I, it placed ((1)) at $771.98 high, ((2)) at $564 low, ((3)) at $1056.34 high, ((4)) at $849.14 low & ((5)) at $1110.09 high. Within ((2)), it ended ((A)) at $767.41 low, ((B)) at $945.05 high & ((C)) at $578.51 low in zigzag correction.
ASML – Elliott Wave Latest Week: https://elliottwave-forecast.com/wp-...02/ASML-W2.jpg
Above II low, it favors rally in ((1)) of III. It ended (1) at $826.56 high, (2) at 684.24 low, (3) at $1086.11 high, (4) at $946.11 low & favors upside in (5). Within extended (5), it ended 1 at $1141.72 high, 2 at $1010.01 low, 3 at $1493.47 high, 4 at $1316.06 low & favors 5. The extended (5) already extended above $1453.81 level & probably should extend into $1536.7 – $1604.8 to end ((1)). It is showing the momentum divergence in RSI in daily against (3) high. So, expecting current rally to end soon as ((1)) before correcting in ((2)). Chasing longs at the moment can be risky. Expecting any short-term pullback should hold above 2.17.2026 & 2.04.2026 to extend higher in (5). But buyers should enter again in ((2)) correction in 3, 7 or 11 swings at extreme area.
ASML – Elliott Wave View From 1.19.2026:https://elliottwave-forecast.com/wp-...01/ASML-W1.jpg
ASML is not the part of regular service at EWF. But we provide time to time updates on instruments 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 us for 14 days for only $0.99 (limited time offer). Also, you can check out the Educational section to learn Elliott wave theory & its application through different packages available & 1-1 coaching for doubts.

EURCAD Riding Sell for a Move Lower

EURCAD Sell Trade Setup
1. Bearish divergence market patterns. (Red lines)
2. Bearish supply zones respected. (Gray & Green boxes)
3. Price reacting lower from the boxes.
4. Entered SELL trade at 1.6148 with Stop Loss at 1.6168 and minimum target 1.5R 1.6118 maximum target 3R 1.6088
EURCAD 15 Minute Chart February 23 2026
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Elliott Wave View on EURJPY Highlights 5 Swings Since Feb 13, Suggesting Upside Potential


From the January 23 high, EURJPY completed a measured three‑swing pullback that reached 180.78. This decline has been identified as wave (4) within the broader Elliott Wave structure. Following the completion of this corrective phase, the pair turned higher in wave (5). However, to fully confirm the bullish continuation and eliminate the possibility of a double correction, price must break decisively above the January 23 peak at 186.87. Until that level is surpassed, traders should remain aware of potential alternative scenarios.

From the wave (4) low, the rally has unfolded in a clear five‑swing sequence, which favors further upside. Wave ((i)) advanced to 182.27, followed by a corrective pullback in wave ((ii)) that ended at 180.8. The pair then nested higher within wave ((iii)). Inside this structure, wave (i) concluded at 183.15, while wave (ii) dipped modestly to 182. The subsequent rally carried wave (iii) to 184.18, before a minor retracement in wave (iv) ended at 183.3.

Near term, the expectation is for EURJPY to continue higher in wave (v), which will complete wave ((iii)). As long as the pivot at 180.78 remains intact, pullbacks should find support in the typical three, seven, or eleven‑swing corrective sequences. This technical condition reinforces the bullish bias and suggests that the pair retains potential for further appreciation.

EURJPY 1-Hour Elliott Wave Chart From 2.25.2026

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EURJPY Elliott Wave Video:

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Source: https://elliottwave-forecast.com/new...ide-potential/

Elliott Wave View on EURJPY Highlights 5 Swings Since Feb 13, Suggesting Upside Potential

From the January 23 high, EURJPY completed a measured three‑swing pullback that reached 180.78. This decline has been identified as wave (4) within the broader Elliott Wave structure. Following the completion of this corrective phase, the pair turned higher in wave (5). However, to fully confirm the bullish continuation and eliminate the possibility of a double correction, price must break decisively above the January 23 peak at 186.87. Until that level is surpassed, traders should remain aware of potential alternative scenarios.
From the wave (4) low, the rally has unfolded in a clear five‑swing sequence, which favors further upside. Wave ((i)) advanced to 182.27, followed by a corrective pullback in wave ((ii)) that ended at 180.8. The pair then nested higher within wave ((iii)). Inside this structure, wave (i) concluded at 183.15, while wave (ii) dipped modestly to 182. The subsequent rally carried wave (iii) to 184.18, before a minor retracement in wave (iv) ended at 183.3.
Near term, the expectation is for EURJPY to continue higher in wave (v), which will complete wave ((iii)). As long as the pivot at 180.78 remains intact, pullbacks should find support in the typical three, seven, or eleven‑swing corrective sequences. This technical condition reinforces the bullish bias and suggests that the pair retains potential for further appreciation.
EURJPY 1-Hour Elliott Wave Chart From 2.25.2026 https://elliottwave-forecast.com/wp-...0225100838.jpg
EURJPY Elliott Wave Video:

Elliott Wave View: S&P 500 E Mini Futures (ES) Consolidating, Traders Eye Next Move

The S&P 500 E-Mini Futures (ES) has largely traded sideways with a modestly bullish bias since October 2025. The short-term cycle, which began from the November 21, 2025 low, remains in progress as a five-wave Elliott Wave structure. Wave 1 concluded at 7043, marking the all-time high in the Index. Following this peak, price action shifted lower in a zigzag formation. Specifically, wave ((a)) ended at 6864.5, while wave ((b)) terminated at 7011.5, as reflected in the one-hour chart.

Wave ((c)) then extended lower to 6791.6, completing wave 2 at a higher degree. From that point, the Index turned upward into wave 3. However, a decisive break above the wave 1 high at 7043 is still required to eliminate the possibility of a larger double correction. From the wave 2 low, wave (i) advanced to 6925.75, followed by a corrective pullback in wave (ii), which ended at 6828.5.

In the near term, as long as the pivot at 6791.6 remains intact, dips are expected to find support within the 3, 7, or 11 swing sequence. This technical condition favors further extension to the upside. The broader implication is that the Index retains constructive momentum, but confirmation through a sustained break above 7043 will be critical for validating the bullish outlook.

S&P 500 E-Mini Futures (ES) 1-Hour Elliott Wave Chart From 2.25.2026

Attached Image (click to enlarge)

ES Elliott Wave Video:


Source: https://elliottwave-forecast.com/new...eye-next-move/

Elliott Wave View: S&P 500 E Mini Futures (ES) Consolidating, Traders Eye Next Move

The S&P 500 E-Mini Futures (ES) has largely traded sideways with a modestly bullish bias since October 2025. The short-term cycle, which began from the November 21, 2025 low, remains in progress as a five-wave Elliott Wave structure. Wave 1 concluded at 7043, marking the all-time high in the Index. Following this peak, price action shifted lower in a zigzag formation. Specifically, wave ((a)) ended at 6864.5, while wave ((b)) terminated at 7011.5, as reflected in the one-hour chart.
Wave ((c)) then extended lower to 6791.6, completing wave 2 at a higher degree. From that point, the Index turned upward into wave 3. However, a decisive break above the wave 1 high at 7043 is still required to eliminate the possibility of a larger double correction. From the wave 2 low, wave (i) advanced to 6925.75, followed by a corrective pullback in wave (ii), which ended at 6828.5.
In the near term, as long as the pivot at 6791.6 remains intact, dips are expected to find support within the 3, 7, or 11 swing sequence. This technical condition favors further extension to the upside. The broader implication is that the Index retains constructive momentum, but confirmation through a sustained break above 7043 will be critical for validating the bullish outlook.
S&P 500 E-Mini Futures (ES) 1-Hour Elliott Wave Chart From 2.25.2026
https://elliottwave-forecast.com/wp-...0226103730.jpg
ES Elliott Wave Video:

Bitcoin (BTCUSD) Elliott Wave Analysis: Corrective Bounce or Bullish Breakout?


Bitcoin (BTCUSD) continues to display an incomplete bearish sequence from the October 6 peak, which suggests that further downside remains possible. The extreme target zone derived from that peak lies between $41,411 and $52,204, and this area continues to serve as the broader downside objective. Despite this longer-term view, the cryptocurrency has been staging a corrective rally in the near term. From the February 6, 2026 low, Bitcoin has advanced in what appears to be a zigzag Elliott Wave structure, correcting the larger degree cycle that began from the January 14 peak.

Within this corrective move, wave A concluded at $72,174, followed by a pullback in wave B that ended at $62,537. Since then, price action has turned higher again in wave C. The internal subdivision of wave C is unfolding as a five-wave impulse, which provides a clearer framework for short-term expectations. From the wave B low, wave ((i)) finished at $70,038, while the subsequent dip in wave ((ii)) found support at $67,556. The market has since resumed its upward trajectory, reinforcing the view that wave C remains in progress.

As long as the pivot at $62,537 holds, Bitcoin is expected to extend higher in the near term. This corrective rally does not yet invalidate the broader bearish sequence, but it highlights the potential for continued strength before the larger trend resumes. Traders should monitor the unfolding impulse closely, as the completion of wave C will provide important clues regarding whether the rally is merely corrective or the beginning of a more sustained bullish trend.

Bitcoin (BTCUSD) 1-Hour Elliott Wave Chart From 2.25.2026

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BTCUSD Elliott Wave Video:

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Source: https://elliottwave-forecast.com/new...lish-breakout/

EURJPY Elliott Wave: Corrective Pullback Confirms Bullish Trend

The short-term Elliott Wave structure in EURJPY continues to indicate a bullish trend. Examination of the 45‑minute chart reveals that the pullback from the wave ((iii)) high unfolded in three distinct waves. This formation suggests a corrective nature rather than the beginning of a larger reversal. Thereby, it supports the expectations of further upside momentum. The rally from the February 13 low is proposed to develop as a five‑wave impulse.

From the February 13 low, wave ((i)) concluded at 182.27, followed by a retracement in wave ((ii)) that ended at 180.80. The pair then advanced in wave ((iii)), which itself unfolded as an impulse of a lesser degree. Within this sequence, wave (i) terminated at 183.15, while the corrective wave (ii) ended at 181.98. Subsequent strength carried wave (iii) to 184.18, before a modest dip in wave (iv) concluded at 183.19. The final leg, wave (v), reached 184.77, thereby completing the larger wave ((iii)) structure.

Attention then shifted to wave ((iv)), which is now proposed to have completed at 183.78 in the form of a triangle. This pattern reinforces the view that the correction was contained and orderly. In the near term, as long as the pivotal low at 180.84 remains intact, the expectation is for EURJPY to extend higher.

EURJPY 45-Minute Elliott Wave Chart

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EURJPY Elliott Wave Video

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Source: https://elliottwave-forecast.com/new...bullish-trend/
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