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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


EURJPY Elliott Wave Video:

EURJPY : Buy Trade Hits Targets +3.5%

The EURJPY pair was on a higher high/higher low sequence in February 2026 so the obvious was to only look for buy opportunities.
February 24 2026 the pair formed a bullish divergence pattern (Red) in the FVG top level (Blue line) then pushed higher and broke above the shift level (Black line) signalling that the pair was gearing up to rally higher again.
I posted on February 24 2026 the buy/long trade chart below on social media @AidanFX and also posted the entry, stop loss and targets.
“Bought at 183.52 with stop loss at 183.20 and minimum target at 2R 184.16 and maximum target at 3R 184.48.”
EURJPY 15 Minute Chart February 24 2026 (Entry)


EURJPY 15 Minute Chart February 25 2026 (Targets HIT)


EURJPY hits 3.5R target at 184.64 from 183.52 and I closed buy trade for +112 pips (+3.5% gain risking 1% on every trade)
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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Elliott Wave Analysis SPX Targets Recovery in 3 Waves at Least

Short-term Elliott Wave analysis indicates that the rally to 7002.28 on January 28, 2026 marked the completion of wave 1. Following this advance, the market entered a corrective phase. The wave 2 pullback recently concluded at 6712, as illustrated in the one-hour chart. This decline corrected the cycle that began from the November 21, 2025 low, and its internal subdivisions unfolded in a double three structure, a common corrective pattern within Elliott Wave theory.

From the peak of wave 1, the first leg lower, wave ((w)), ended at 6780.13. A subsequent rally formed wave ((x)), which terminated at 6993.48. The final leg, wave ((y)), pushed lower and ended at 6712.08. This level aligns with the 100%–161.8% Fibonacci extension of wave ((w)), measured at 6629–6768, reinforcing its significance as a support zone.

With the correction complete, the Index has turned higher in wave 3. However, a decisive break above 7002.28 is required to fully confirm that the larger degree correction has ended. Until that level is exceeded, the possibility of a broader corrective structure remains. While the Index retains potential to extend toward new all-time highs, traders should remain cautious. The larger cycle from the April 2025 low is mature and could terminate at any time.

Therefore, strict risk management is essential when pursuing upside opportunities. In the near term, as long as the pivot at 6712.08 holds, expectations favor continued strength and further extension higher.

S&P 500 (SPX) 60-Minute Elliott Wave Chart

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SPX Elliott Wave Video:

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Source: https://elliottwave-forecast.com/new...aves-at-least/

Elliott Wave Analysis SPX Targets Recovery in 3 Waves at Least


Short-term Elliott Wave analysis indicates that the rally to 7002.28 on January 28, 2026 marked the completion of wave 1. Following this advance, the market entered a corrective phase. The wave 2 pullback recently concluded at 6712, as illustrated in the one-hour chart. This decline corrected the cycle that began from the November 21, 2025 low, and its internal subdivisions unfolded in a double three structure, a common corrective pattern within Elliott Wave theory.
From the peak of wave 1, the first leg lower, wave ((w)), ended at 6780.13. A subsequent rally formed wave ((x)), which terminated at 6993.48. The final leg, wave ((y)), pushed lower and ended at 6712.08. This level aligns with the 100%–161.8% Fibonacci extension of wave ((w)), measured at 6629–6768, reinforcing its significance as a support zone.
With the correction complete, the Index has turned higher in wave 3. However, a decisive break above 7002.28 is required to fully confirm that the larger degree correction has ended. Until that level is exceeded, the possibility of a broader corrective structure remains. While the Index retains potential to extend toward new all-time highs, traders should remain cautious. The larger cycle from the April 2025 low is mature and could terminate at any time.
Therefore, strict risk management is essential when pursuing upside opportunities. In the near term, as long as the pivot at 6712.08 holds, expectations favor continued strength and further extension higher.
S&P 500 (SPX) 60-Minute Elliott Wave Chart


SPX Elliott Wave Video:

Elliott Wave Analysis: EURUSD Rebounding from Inflection Area

The short-term Elliott Wave outlook for EURUSD indicates that the rally to 1.2083 on January 27 marked the completion of wave (1). Following this peak, the pair entered a corrective phase in wave (2), which unfolded as a double three structure. From the high of wave (1), wave W concluded at 1.1776, while wave X ended at 1.1928. Subsequently, wave Y developed into a zigzag formation. Within this sequence, wave ((a)) finished at 1.1742, and wave ((b)) reached 1.1834, as illustrated clearly in the one-hour chart.

Wave ((c)) then extended lower, reaching the critical inflection zone between 1.142 and 1.161. This area corresponds to the 100%–161.8% Fibonacci extension of wave ((a)), a level often watched closely by traders for potential reversals. The pair has already begun to turn higher after completing the pullback at 1.153, where we identified the termination of wave ((c)) of Y of (2).

For confirmation of a sustained bullish trend, EURUSD must break above the prior wave (1) peak at 1.2083. Such a move would eliminate the risk of a double correction and reinforce the upward bias. In the near term, as long as the pivot at 1.153 remains intact, expectations favor further extension to the upside. This scenario highlights the importance of the recent inflection area as a foundation for renewed strength in the pair.

EURUSD 60-Minute Elliott Wave Chart

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EURUSD Elliott Wave Video:

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Source: https://elliottwave-forecast.com/new...flection-area/

Amazon.com Inc $AMZN Blue Box Area Offering a Buying Opportunity

Hello everyone! In today’s article, we’ll review the recent performance of Amazon.com Inc ($AMZN) through the lens of Elliott Wave Theory. We’ll look at how the pullback from all-time highs unfolded as a textbook 7-swing correction and discuss what could come next. Let’s explore the structure and the expectations for this stock.
5 Wave Impulse + 7 Swing WXY correction

$AMZN Daily Elliott Wave Chart 2.08.2026:
In the daily Elliott Wave count from Feb 08, 2026, we saw that $AMZN completed a 5-wave impulsive cycle from Apr 2025 low at red I. We anticipated this pullback to unfold in 7 swings, likely finding buyers in the blue box area between $205.42 and $178.52.
This setup aligns with a typical Elliott Wave correction pattern (WXY), in which the market pauses briefly before resuming its primary trend.
$AMZN Daily Elliott Wave Chart 3.01.2026:
The latest daily update, from Mar 01, 2026, shows that the stock bounced as expected allowing traders to get risk free. Currently, it is trading higher in wave (A) of ((X)), a 3 swing bounce (ABC), to correct the decline from Nov 2025 peak before continuing lower in wave ((Y)) of II .
Conclusion
To conclude, our Elliott Wave analysis of Amazon.com Inc ($AMZN) suggests that it remains supported in the near term for at least 3 swings up against recent Feb 2026 lows. Thus, traders that bought the blue box should get risk free by booking half profits and moving the stop loss to the recent low. Additionally, keep an eye out for any corrective pullbacks that may offer entry opportunities.
By applying Elliott Wave Theory, traders can better anticipate the structure of upcoming moves and enhance risk management in volatile markets.
$AMZN Elliott Wave Video Analysis

Elliott Wave Analysis: EURUSD Rebounding from Inflection Area


The short-term Elliott Wave outlook for EURUSD indicates that the rally to 1.2083 on January 27 marked the completion of wave (1). Following this peak, the pair entered a corrective phase in wave (2), which unfolded as a double three structure. From the high of wave (1), wave W concluded at 1.1776, while wave X ended at 1.1928. Subsequently, wave Y developed into a zigzag formation. Within this sequence, wave ((a)) finished at 1.1742, and wave ((b)) reached 1.1834, as illustrated clearly in the one-hour chart.
Wave ((c)) then extended lower, reaching the critical inflection zone between 1.142 and 1.161. This area corresponds to the 100%–161.8% Fibonacci extension of wave ((a)), a level often watched closely by traders for potential reversals. The pair has already begun to turn higher after completing the pullback at 1.153, where we identified the termination of wave ((c)) of Y of (2).
For confirmation of a sustained bullish trend, EURUSD must break above the prior wave (1) peak at 1.2083. Such a move would eliminate the risk of a double correction and reinforce the upward bias. In the near term, as long as the pivot at 1.153 remains intact, expectations favor further extension to the upside. This scenario highlights the importance of the recent inflection area as a foundation for renewed strength in the pair.
EURUSD 60-Minute Elliott Wave Chart


EURUSD Elliott Wave Video:

Platinum Surges to Record High: Elliott Wave Signals Ongoing Support

Platinum (PL) broke to new all-time highs late last year, signaling the potential start of a secular bullish market in the years ahead. In this article, we examine the long-term outlook for the metal and its evolving Elliott Wave structure.
Platinum (PL) Monthly Elliott Wave Chart


The monthly Platinum chart shows the metal has broken out to new all-time highs, reinforcing a bullish outlook. Platinum remains in a multi-year secular uptrend. The rally from January 1992 to the March 2008 peak completed wave ((I)) at 2308.8. This was followed by a corrective zigzag decline to 563, marking the end of wave ((II)). From that low, the metal resumed higher and has now broken into fresh highs with an impulsive internal structure.
From wave ((II)), wave (I) ended at 1348.2, while the subsequent pullback in wave (II) bottomed at 796.8. Platinum then advanced within wave (III), which is expected to extend one more leg before completion. As long as the metal holds above 563.8, corrective dips should continue to find support in three- or seven-swing structures, setting the stage for further upside.
Platinum (PL) Daily Elliott Wave Chart


The daily Platinum chart shows that the rally to 2925 completed wave ((3)). The subsequent pullback in wave ((4)) is proposed to have ended at 1806. However, the metal must break above the wave ((3)) high to rule out the possibility of a double correction. In the near term, as long as the pivot at the 891 low remains intact, the outlook stays bullish with dips expected to hold in three- or seven-swing corrections. If Platinum fails and breaks below 1806, the next support zone in a potential double correction lies between 662 and 1344, where buyers are anticipated to re-emerge.

Elliott Wave Outlook: XLI Testing Support at the Inflection Area

The Industrial Select Sector SPDR Fund (XLI) achieved a new all‑time high in March 2026, reinforcing the view that the dominant trend remains to the upside. The advance from the April 2025 low, however, has unfolded in only three waves, which implies that further gains are still favored. From the April 2025 bottom, wave (1) concluded at $155.15, followed by a corrective pullback in wave (2) that ended at $147.13.

Wave (3) then carried prices higher, reaching $179.31 as reflected in the one‑hour chart. The subsequent decline formed wave (4), which is proposed complete at $170.21. Internally, this correction developed as a zigzag Elliott Wave structure. Specifically, wave A ended at $172.67 and wave B rebounded to $178.21. Wave C declined to $170.21, thereby completing wave (4).

This termination level coincides with the support zone derived from the 100%–161.8% Fibonacci extension of wave A. The blue box on the chart highlights this area, spanning $166.31 to $170.86. As long as XLI remains above $166.31, which represents the 161.8% extension, the expectation is for the ETF to resume its upward trajectory. At minimum, another rally in three waves should unfold, consistent with the prevailing bullish structure. The alignment of Fibonacci support with the completion of wave (4) strengthens the case for continued upside.

XLI 60-Minute Elliott Wave Chart

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XLI Elliott Wave Video:

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Source: https://elliottwave-forecast.com/sto...flection-area/

Elliott Wave Outlook: XLI Testing Support at the Inflection Area

The Industrial Select Sector SPDR Fund (XLI) achieved a new all‑time high in March 2026, reinforcing the view that the dominant trend remains to the upside. The advance from the April 2025 low, however, has unfolded in only three waves, which implies that further gains are still favored. From the April 2025 bottom, wave (1) concluded at $155.15, followed by a corrective pullback in wave (2) that ended at $147.13.
Wave (3) then carried prices higher, reaching $179.31 as reflected in the one‑hour chart. The subsequent decline formed wave (4), which is proposed complete at $170.21. Internally, this correction developed as a zigzag Elliott Wave structure. Specifically, wave A ended at $172.67 and wave B rebounded to $178.21. Wave C declined to $170.21, thereby completing wave (4).
This termination level coincides with the support zone derived from the 100%–161.8% Fibonacci extension of wave A. The blue box on the chart highlights this area, spanning $166.31 to $170.86. As long as XLI remains above $166.31, which represents the 161.8% extension, the expectation is for the ETF to resume its upward trajectory. At minimum, another rally in three waves should unfold, consistent with the prevailing bullish structure. The alignment of Fibonacci support with the completion of wave (4) strengthens the case for continued upside.
XLI 60-Minute Elliott Wave Chart


XLI Elliott Wave Video:

Carvana CVNA Bearish Case for a 50% Drop

Carvana Co (NYSE: CVNA) soared over 13,000% in three years, capturing the market’s attention. However, financial markets never move in straight lines. In this article, we delve into the Elliott Wave analysis. Our study uncovers the current pullback and the next potential investment opportunity.
Elliott Wave Analysis
Despite its 98% correction in 2022, CVNA recovered fully and broke to new all-time highs. The stock created an impulsive five-wave advance from the wave ((II)) low of $3.62. This rally surged over 13,000%, completing wave (I) at $486. Most importantly, CVNA established a bullish sequence. It shows three swings into new highs since its IPO. This confirms strong bullish momentum.
Subsequently, CVNA now needs to correct this entire rally within wave (I). Therefore, the stock should pull back toward the $245 – $188 Fibonacci zone. This area represents the 50% – 61.8% retracement. A higher low should form there. Then, wave (III) will begin its next advance.
This current correction will attract long-term investors. It will unfold as a 3, 7, or 11-swing pattern, depending on the daily structure.
CVNA Weekly Chart 3.9.2026

Conclusion

The long term bullish cycle for CVNA remains in progress, presenting opportunities to buy the current weekly pullback using our Elliott Wave strategy. The preferred approach is to enter positions after the stock completes a 3, 7, or 11 swing sequence from its peak. Additionally, utilizing our extreme Blue Box system refines entry points, providing clarity and precision in trading decisions. Explore our system to gain deeper insights into this methodology.

Silver Miners (SIL): Identifying the Next Support Zone

The Global X Silver Miners ETF (SIL) provides investors with diversified exposure to leading silver mining companies across the globe. Since its launch in 2010, the fund has tracked the Solactive Global Silver Miners Total Return Index, offering a straightforward way to participate in the sector through a single trade. In the discussion that follows, we examine the ETF’s Elliott Wave technical outlook.
SIL (Silver Miners ETF) Monthly Elliott Wave Chart



The monthly Elliott Wave chart of the Silver Miners ETF (SIL) suggests the ETF is nesting higher after completing the wave ((II)) pullback at $14.94. From that low, wave I advanced to $54.34, followed by a wave II correction down to $16. The ETF then nested higher, with wave ((1)) peaking at $52.87 and wave ((2)) retracing to $21.26.
Subsequently, wave ((3)) is proposed complete at $119.24, and the current wave ((4)) pullback is unfolding to correct the cycle from the September 2022 low before resuming higher. As long as the $16 pivot remains intact, SIL is expected to attract buyers and extend the bullish sequence.
Silver Miners ETF Daily Elliott Wave Chart



The daily Elliott Wave chart of the Silver Miners ETF (SIL) indicates that the rally to $119.24 completed wave ((3)). The ETF is now correcting the cycle from the September 2022 low in wave ((4)). The pullback is unfolding as a zigzag structure, with wave (A) ending at $91.31 and wave (B) at $118.85. Currently, wave (C) is progressing lower toward the inflection zone of $74–$91.10. Wave ((4)) is expected to complete at this area before the broader uptrend resumes.

While SIL is not part of our coverage universe, our analysts deliver detailed Elliott Wave forecasts on correlated instruments such as Silver, Gold, and GDX, along with other equities and commodities. Stay ahead of the market—discover our service and start your 14-day trial here: 14 Days Trial

Silver (XAGUSD) Elliott Wave: Eyeing Wave (5) Rally

The short-term Elliott Wave view in Silver (XAGUSD) indicates that the rally from the February 6, 2026 low is unfolding as a five-wave diagonal structure. From that low, wave (1) concluded at $84.02, followed by a corrective pullback in wave (2) that ended at $71.90. The metal then resumed its upward trajectory in wave (3) towards $96.39 which developed with internal subdivision into another five-wave sequence. Afterward, wave (4) unfolded as a double three corrective pattern and terminated at $77.92. Silver has since turned higher, initiating wave (5).

From the wave (4) low, wave 1 advanced to $86.81, and wave 2 pulled back to $79.59. The structure suggests that, as long as the pivot at $71.93 remains intact, Silver is positioned to extend higher in the near term. The projected target for wave (5) lies within the 123.6% to 161.8% inverse retracement of wave (4). This range corresponds to $100.60–$107.70, offering a clear zone of potential resistance and completion for the current diagonal.

This outlook highlights the maturity of the ongoing cycle and underscores the importance of the $71.93 pivot. As long as that level holds, the bias remains constructive, with Silver expected to continue its advance toward the defined target zone.

XAGUSD (Silver) 60-Minute Elliott Wave Chart

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XAGUSD Elliott Wave Video:

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Source: https://elliottwave-forecast.com/new...-wave-5-rally/

DOGEUSD Faces Downside After Blue Box Reaction

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of Doge Coin ticker symbol: DOGEUSD. In which, the decline from 9.13.2025 high unfolded in a corrective sequence. But showed a lower low sequence favored more downside extension to take place. Therefore, we advised members not to buy the pair & sell the bounces in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:
DOGEUSD 1-Hour Elliott Wave Chart From 2.13.2026
https://elliottwave-forecast.com/wp-...2_21-44-59.jpg
Here’s the 1-hour Elliott wave chart from the 2.13.2026 Asia update. In which, the decline to $$0.0803 low ended the cycle from 1.06.2026 high in wave ((a)). Up from there, the DOGEUSD made a bounce in wave ((b)) to correct that cycle. The internals of that pullback unfolded as Elliott wave double three structure where wave (w) ended at $0.1020 high. Wave (x) bounce ended at $0.088 low and wave (y) managed to reach the blue box area at $0.1098- $0.1234. From there, sellers were expected to appear looking for the next leg lower or do a 3 waves back minimum.
DOGEUSD Latest 1-Hour Elliott Wave Chart From 3.10.2026
https://elliottwave-forecast.com/wp-...9_20-44-04.jpg
This is the latest 1-hour Elliott wave Chart from the 3.10.2026 Asia update. In which the DOGEUSD is showing a reaction lower taking place, right after ending the correction within the blue box area. Allowed members to create a risk-free position shortly after taking the short position at the blue box area. However, a break below $0.0803 low is needed to confirm the next leg lower towards $0.053- $0.028 target area.
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CoreWeave (CRWV) Forecast: Sellers Remain Active Targeting $51.55

CoreWeave, Inc., (CRWV) operates as a cloud infrastructure technology company in the United States. It offers CoreWeave Cloud platform that comprises proprietary software & cloud services that deliver the automation & efficiency needed to manage complex artificial intelligence (AI) infrastructure at scale. It also offers storage & data solution. It comes in Technology sector & trades as “CRWV” ticker at Nasdaq.
The CRWV favors double three correction in daily from June-2025 & expect downside against 1.28.2026 high. It favors weakness to extend into $51.55 or lower to correct April-2025 low. Sellers should remain active, while bounce fail below 2.25.2026 high.
In daily, since inception, it made ATL of $33.52 in April-2025 & ATH at $187 in June-2025. Within rally, it ended ((1)) at $130.76 high, ((2)) at $104.90 low, ((3)) at $166.63 high, ((4)) at $132.80 low & ((5)) as I at $187 high. Below $187 high, it favors double three correction as 7 swing moves, correcting April-2025 low. Within II pullback, it ended ((W)) at $85.26 low, ((X)) at $153.20 high & favors downside in (C) of ((Y)). It ended (A) of ((W)) at $100.80 low, (B) at $148.80 high & (C) at $85.26 low. It ended (W) of ((X)) at $124.90 high, (X) at $104.07 low & (Y) at $153.20 high. The ((W)) was zigzag correction, ((X)) was double correction & ((Y)) favors zigzag again.
CRWV – Elliott Wave Latest Daily View: https://elliottwave-forecast.com/wp-...03/CRWV-D1.jpg
Below ((X)) high, it ended (A) of ((Y)) at $63.80 low & (B) at $114.45 high. Currently, it favors downside in 3 of (C), while ended 1 at $74.00 low & 2 at $103.44 high. It expects two more swings lower to end the (C) in 5 swing move towards $51.55 or lower. Sellers can sell the bounce in 3, 7 or 11 swings, while below $103.44 high for targeting $51.55 as extreme area. Until the price reaching extreme area, buyers should stay sideline. The price should fail below down-trending trendline to extend lower.
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Elliott Wave Perspective: Assessing Oil’s (CL) Upside Amid War-Driven Volatility

The short-term Elliott Wave outlook in Crude Oil (CL) indicates that the cycle from the December 16, 2025 low has advanced as a five-wave impulse. From that low, wave (1) concluded at $66.48, followed by a corrective pullback in wave (2) which ended at $61.12. The commodity then resumed its upward trajectory in wave (3), reaching $77.98, before another retracement in wave (4) that settled at $71.65. The final leg, wave (5), extended sharply and terminated at $119.40, thereby completing wave ((1)) at a higher degree. With this structure in place, the market has now entered a corrective phase in wave ((2)), designed to retrace the cycle that began in December 2025.

The internal subdivision of this correction is unfolding as a zigzag pattern. From the $119.40 peak, wave (A) declined impulsively and ended at $76.73. Subsequently, wave (B) has begun to rally, working to correct the cycle from the March 9, 2026 high. This rally is expected to be temporary, setting the stage for another downward move in wave (C).

Near term, as long as the pivot at $119.40 holds, the rally is projected to fail in either three or seven swings. Such a failure would confirm the continuation of the larger degree correction against the December 16, 2025 low. Traders should therefore remain cautious, recognizing that the prevailing structure favors another leg lower before a sustainable recovery can emerge.

Oil (CL) 60-Minute Elliott Wave Chart

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CL Elliott Wave Video:

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Source: https://elliottwave-forecast.com/new...en-volatility/

AUBANK Expanding Triangle Suggests Strong Upside Toward 1138

AUBANK completes a rare expanding triangle in wave (4), suggesting the next impulsive rally could target the 1138–1322 region as the broader bullish cycle continues.
AU Small Finance Bank Ltd. (AUBANK) appears to have completed its cycle degree correction in wave II at 477.75. The stock then turned higher and started a new bullish cycle in wave III. This move suggests that the market has entered a fresh impulsive phase with strong long-term potential. From the 477.75 low, the stock formed an initial three-wave advance. After that rally, price entered a corrective phase labeled blue wave (4). This pullback unfolded as an expanding triangle, which is a rare Elliott Wave pattern. Such triangles usually appear before a strong continuation of the trend.


Expanding Triangle Indicates Trend Continuation
The triangle pattern appears to have completed near 895.05. This completion suggests the consolidation phase has likely ended. As a result, AUBANK may now begin the next impulsive leg higher. Expanding triangles often build pressure before a breakout. In this case, the structure supports the view that the next move should occur in wave 5. This wave should complete black wave ((1)) of the larger bullish sequence.
Using Fibonacci extensions, the next upside target comes near 1138.75. This level represents the 0.618 extension of wave (3). It acts as the minimum expected target for the current bullish move. However, Elliott Wave rules also define an upper boundary. Since wave (3) is already shorter than wave (1), wave 5 should remain below 1322.35. A move above this level would violate the rule that the third wave cannot be the shortest.
Pullback Could Offer Buying Opportunity
After the rally reaches the 1138.75–1322.35 region, the market may enter a correction in wave ((2)). This pullback could unfold in 3, 7, or 11 swings, which are common corrective structures. As long as price stays above 477.75, the long-term bullish outlook remains valid. The current structure suggests that AUBANK may continue higher in the near term. Traders should watch pullbacks for potential buying opportunities within the broader uptrend.

Chevron (CVX): An Elliott Wave Impulse Since 04.07.2025 with a Target at $203.75
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By EWF EricMarch 11, 2026 · 3 min read
Chevron Corporation (NYSE: CVX) is one of the world’s largest multinational energy companies. Headquartered in San Ramon, California, Chevron operates in more than 180 countries. It participates in nearly every aspect of the oil and gas industry, including exploration, production, refining, transportation, and marketing. As one of the major global oil “supermajors,” Chevron plays a critical role in supplying energy to the world.
Chevron’s operations are typically divided into two primary segments: upstream and downstream. The upstream segment focuses on the exploration and production of crude oil and natural gas. Meanwhile, the downstream segment includes refining petroleum into fuels, producing petrochemicals, and marketing products such as gasoline and lubricants. Through these activities, Chevron maintains a strong presence in international energy markets.
From a financial market perspective, Chevron’s stock (CVX) is closely followed by investors and traders because it is a major component of both the energy sector and the Dow Jones Industrial Average. In addition to fundamental analysis, many market participants rely on technical analysis to evaluate potential price movements.
One widely used technical approach is Elliott Wave Theory. It suggests that market prices move in recurring wave patterns driven by collective investor psychology. According to this framework, Chevron’s stock appears to be forming an Elliott Wave impulse structure that began from the lows on April 4, 2025. An impulse wave consists of five waves moving in the direction of the primary trend.
Based on the current structure, the stock appears to be progressing within wave ((3)), which could potentially reach a level around $195.69. After the completion of wave ((3)), a corrective wave ((4)) is expected, followed by wave ((5)), which could push the price toward a projected target near $203.75.
Chevron (CVX) Daily Elliott Wave Chart


From a larger perspective, Chevron appears to have completed three waves into new all-time highs within the Grand Supercycle. In Elliott Wave theory, a trend generally cannot end with only three waves when those waves are moving in the direction of the main trend. Therefore, this structure suggests that the long-term cycle may still be incomplete, implying the potential for further upside.
The current interpretation proposes that the stock may be nesting within a larger Grand Supercycle structure, consisting of multiple degrees of waves such as ((I)), ((II)), (I), (II), and smaller subwaves within them. This type of nested structure often precedes strong accelerations in price as higher-degree impulse waves unfold.
Chevron (CVX) Weekly Elliott Wave Chart

Although some analysts may anticipate a potential crash after visible five waves at higher degrees, the broader market context—particularly the strength of the Dow Jones Industrial Average and the energy sector—does not strongly support an immediate bearish scenario. Instead, the preferred interpretation is that the structure represents a nested bullish pattern, suggesting continued upside potential.
Overall, Chevron’s price action remains bullish, with an incomplete sequence developing since July 4, 2025. The presence of multiple impulse waves within the Grand Supercycle structure indicates that higher prices may still lie ahead, not only for Chevron but potentially for the broader energy sector as well.

Elliott Wave Perspective: Assessing Oil’s (CL) Upside Amid War-Driven Volatility


The short-term Elliott Wave outlook in Crude Oil (CL) indicates that the cycle from the December 16, 2025 low has advanced as a five-wave impulse. From that low, wave (1) concluded at $66.48, followed by a corrective pullback in wave (2) which ended at $61.12. The commodity then resumed its upward trajectory in wave (3), reaching $77.98, before another retracement in wave (4) that settled at $71.65. The final leg, wave (5), extended sharply and terminated at $119.40, thereby completing wave ((1)) at a higher degree. With this structure in place, the market has now entered a corrective phase in wave ((2)), designed to retrace the cycle that began in December 2025.
The internal subdivision of this correction is unfolding as a zigzag pattern. From the $119.40 peak, wave (A) declined impulsively and ended at $76.73. Subsequently, wave (B) has begun to rally, working to correct the cycle from the March 9, 2026 high. This rally is expected to be temporary, setting the stage for another downward move in wave (C).
Near term, as long as the pivot at $119.40 holds, the rally is projected to fail in either three or seven swings. Such a failure would confirm the continuation of the larger degree correction against the December 16, 2025 low. Traders should therefore remain cautious, recognizing that the prevailing structure favors another leg lower before a sustainable recovery can emerge.
Oil (CL) 60-Minute Elliott Wave Chart


CL Elliott Wave Video:

Elliott Wave View: Nasdaq (NQ) Consolidation Likely to Break Lower

Since peaking on October 30, 2025, the Nasdaq (NQ) has remained in a sideways consolidation, a pattern that appears poised to resolve lower. The decline from that high marked the completion of wave (W) at 23,994.5. Subsequently, a corrective rally unfolded, ending wave (X) at 26,349, after which the Index turned down again into wave (Y). The internal structure of wave (Y) is developing as a double three Elliott Wave formation, underscoring the complexity of the ongoing correction.

From the termination of wave (X), the market produced a decline that completed wave W at 24,000. Following this, wave X began to unfold as a zigzag Elliott Wave structure. Within this sequence, wave ((a)) advanced to 25,217.5 before a pullback commenced in wave ((b)). This retracement is currently in progress and serves to correct the cycle that began from the March 9, 2026 low. Once this correction is complete, the expectation is for the Index to resume higher in wave ((c)) of X.

In the near term, as long as the pivot at 23,994.8 remains intact, the Index retains the potential to turn upward in wave ((c)). Such a move would complete the corrective rally in wave X before the broader downtrend resumes. The overall structure suggests that while short-term strength may emerge, the larger corrective sequence is not yet finished, and the eventual resolution is likely to favor the downside.

Nasdaq (NQ) 60-Minute Elliott Wave Chart

Attached Image (click to enlarge)

NQ Elliott Wave Video:


Source: https://elliottwave-forecast.com/new...o-break-lower/