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

Estée Lauder (EL) Wave V Recovery Signals Strong Upside Ahead
Estée Lauder (EL) has completed a major bullish cycle within wave (III), which topped near 374.20. The structure within this advance shows a clear five-wave sequence, with wave I extending strongly and driving the broader trend higher. This type of extension often reflects strong momentum and institutional participation during the impulsive phase.
After completing wave (III), the stock entered a deep corrective phase in wave (IV). This pullback unfolded as a complex W-X-Y-X-Z structure and found support near 48.37. The decline corrected a large portion of the prior advance, but it maintained the overall bullish structure on the higher time frame. Price has now turned higher from this low, suggesting that the correction has likely completed. From the wave (IV) low, the market has already developed a clear 5-3 sequence. This structure supports the idea that a new impulsive cycle has started. We label this move as wave ((1)) followed by a corrective wave ((2)), which sets the foundation for further upside in wave (V).


Upside Targets and Trading Strategy
As long as price remains above 48.37, the bullish outlook stays intact. The next phase should see continued upside within wave (V). In the medium term, the stock has the potential to reach the 168 to 297 area. These levels align with key Fibonacci projections and previous structural zones.
Before reaching higher levels, the market may produce smaller pullbacks along the way. However, these dips should act as buying opportunities rather than signs of weakness. Traders should focus on identifying corrective structures such as 3, 7, or 11 swings to enter in the direction of the trend.
From a broader perspective, wave (V) must break above the previous wave (III) high at 374.20 to confirm a full bullish continuation. This remains a key requirement for the long-term trend to extend further. Given the current structure and momentum, the long-term targets extend well beyond the medium-term resistance zone.
Summary
Estée Lauder has likely completed its wave (IV) correction and started a new bullish cycle. As long as price holds above 48.37, the path of least resistance remains higher. The stock targets the 168–297 range in the medium term, with the potential to break above 374.20 and extend significantly in the long run.

Nasdaq‑100 ETF (QQQ) Elliott Wave Signals End of Correction, Path Higher Opens

The Nasdaq‑100 ETF (QQQ) established its most recent major high on October 29, 2025, at $637.01. This peak has been identified as wave ((1)), marking the completion of the cycle that began from the April 7, 2025 low. Following this advance, the ETF entered a corrective phase, unfolding wave ((2)) as a structured pullback. The internal subdivision of this correction developed into a double three Elliott Wave pattern, a common formation that often signals consolidation before the next directional move.

From the October 29 high, wave (W) concluded at $580.74, while wave (X) retraced higher to $636.60. The final leg, wave (Y), ended at $555.55, completing wave ((2)) at a higher degree. This structure is clearly visible on the one‑hour chart and provides context for the subsequent bullish turn. The ETF has since resumed higher in wave ((3)). However, a decisive break above $637.01 remains necessary to fully eliminate the risk of a double correction. From the wave ((2)) low, wave ((i)) advanced to $564.45, followed by a modest pullback in wave ((ii)) to $557.86. Wave ((iii)) then pushed higher to $587.74, with wave ((iv)) easing to $582.33. One more upward leg is anticipated to complete wave ((v)), which should finalize wave 1 of the larger degree.

Afterward, a corrective wave 2 is expected to retrace the cycle from the March 31 low before the ETF resumes its broader advance. In the near term, as long as the pivot at $555.47 remains intact, pullbacks should continue to find support in either three or seven swings, setting the stage for further upside momentum.

Nasdaq 100 ETF (QQQ) 60-Minute Elliott Wave Chart

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QQQ Elliott Wave Video

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Source: https://elliottwave-forecast.com/new...-higher-opens/

Understanding Double & Triple Combinations in Market Corrections
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In Elliott Wave Theory, market corrections are rarely simple. While many traders expect clean zigzags or flats, real market behavior often unfolds in more complex corrective structures known as double and triple combinations. These formations provide deeper insight into price action, market psychology, and potential future direction.
This guide breaks down how these patterns work, how to identify them, and how traders can use them to improve decision-making. To fully understand these structures, it’s important to first learn the Elliott Wave Theory basics.
What Are Double and Triple Combinations?
Double and triple combinations are complex corrective patterns that occur when the market fails to complete a simple correction and instead extends sideways.

1. Double Combination: Labeled as W–X–Y
2. Triple Combination: Labeled as W–X–Y–XX–Z

These patterns are composed of multiple corrective structures connected by “X waves,” which act as linking phases between corrections. These are advanced corrective wave patterns that extend beyond simple corrections.
Unlike impulsive moves, these formations are typically seen in sideways or consolidating markets, where price action becomes choppy and unpredictable.
Double Combinations (W–X–Y)
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A double combination consists of two corrective structures connected by an X-wave, forming a 7-swing pattern. Wave W and Y can form structures like a zigzag pattern or a flat correction.
Key Characteristics

1. Structure: W–X–Y
2. Total swings: 7
3. Occurs when a single correction is insufficient
4. Appears across all timeframes

Structure Rules

1. Wave W and Y can be:
   1. Zigzag
   2. Flat
   3. Smaller double or triple corrections

2. Wave X can be any corrective pattern
3. The pattern always begins with an ABC structure

Fibonacci Relationships

1. Wave X retraces: 50% – 85.4% of W
2. Wave Y extends: 61.8% – 123.6% of W
3. Wave Y should NOT exceed 161.8% of W

Common Double Combination Types

1. Flat → X → Triangle
2. Zigzag → X → Triangle
3. Flat → X → Zigzag
4. Zigzag → X → Flat

Important Insight
Double combinations often appear when the market is correcting but lacks momentum, resulting in extended sideways movement.
Triple Combinations (W–X–Y–XX–Z)
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Triple combinations are rare and highly complex, forming when even a double combination is not enough to complete a correction. Triple combinations often end with a triangle pattern, signaling prolonged consolidation.
Key Characteristics

1. Structure: W–X–Y–XX–Z
2. Total swings: 11
3. Occurs in prolonged consolidation phases
4. Typically found in range-bound markets

Structure Rules

1. Waves W, Y, Z can be:
   1. Zigzag
   2. Flat
   3. Complex corrections

2. Waves X and XX act as connectors
3. The pattern often ends with a triangle

Fibonacci Guidelines

1. Wave X retracement: 50% – 85.4% of W
2. Wave Z projection: 61.8% – 123.6% of W
3. Wave Y must stay below 161.8% of W

These ratios follow key Fibonacci relationships in trading.
Common Triple Combination Types

1. Flat → Zigzag → Triangle
2. Zigzag → Flat → Triangle
3. Zigzag → Zigzag → Triangle

Core Rules for Complex Corrections
To correctly identify these patterns, traders should follow these rules:

1. A combination never starts with a triangle
2. A triple combination always ends with a triangle
3. Wave X should remain corrective (not impulsive)
4. Wave Y must be comparable or larger than Wave X
5. X-waves typically retrace a large portion of the previous move

How to Identify Double & Triple Combinations
Here are practical tips for spotting these patterns in real time:

1. Look for sideways, overlapping price action
2. Count swings:
   1. 7 swings → Double combination
   2. 11 swings → Triple combination

3. Watch for repeated corrections connected by smaller pullbacks
4. Identify whether the structure keeps extending instead of completing

Real Market Insight
In live markets, these patterns often appear when:

1. The trend pauses but does not reverse
2. Price struggles to form a clean impulse
3. The market enters a complex consolidation phase

Take your trading to the next level—join our Elliott Wave service and access live setups, or start with a 14-day trial.
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Why Double & Triple Combinations Matter for Traders
Understanding these structures gives traders a major edge:
1. Better Market Interpretation
Recognize when the market is correcting vs. trending
2. Improved Entry & Exit Timing
Avoid premature trades during extended corrections
3. Enhanced Forecasting
Anticipate continuation once correction completes
4. Stronger Risk Management
Set more accurate stop-loss levels
5. Psychological Advantage
Stay patient during complex, slow-moving markets
How Double & Triple Combinations Influence Market Behavior
Extended Corrections
These patterns can significantly lengthen consolidation periods, delaying trend continuation.
Market Psychology
They reflect indecision, where buyers and sellers are in balance.
Trading Challenges

1. False signals increase
2. Breakouts are delayed
3. Patience becomes critical

Also, these patterns play a key role in any Elliott Wave trading strategy.
Final Thoughts
Double and triple combinations are among the most advanced corrective structures in Elliott Wave Theory. While they can be difficult to identify, mastering them allows traders to:

1. Avoid misinterpreting market structure
2. Stay aligned with the broader trend
3. Trade with greater confidence and precision

In complex markets, simplicity fades—and understanding these patterns becomes a powerful advantage. Accurate identification requires a solid Elliott Wave labeling guide.
FAQs
What is a double combination?
A W–X–Y corrective structure with 7 swings.
What is a triple combination?
A W–X–Y–XX–Z pattern with 11 swings.
How do you identify them?
Look for sideways price action and count swings.
What does the X-wave do?
It connects corrective patterns and retraces price.
Do they signal reversals?
No, they usually indicate extended corrections.
Are triple combinations common?
No, they are rare and form in long consolidations.
What patterns are included?
Zigzags, flats, and sometimes triangles.
How do they affect trading?
They delay trends and increase market noise.
Key difference between double & triple?
Double = 7 swings, Triple = 11 swings.
Are they beginner-friendly?
No, they are advanced Elliott Wave concepts.

Elliott Wave Signals DAX Rally Resumption Ahead

The DAX Index experienced a notable correction from the July 11, 2025 high, unfolding in a complex expanded flat Elliott Wave structure. From that peak, wave A concluded at 22,943.06, followed by a rally in wave B that terminated at 25,507.79. The index then reversed lower into wave C, which subdivided into a clear five-wave impulse. Specifically, wave ((i)) ended at 24,349.54, wave ((ii)) retraced to 25,405.97, and wave ((iii)) declined to 22,927.55. A modest recovery in wave ((iv)) reached 24,061.15, before the final wave ((v)) dropped to 21,886.1. This completed wave C of (2) at a higher degree, marking the end of the corrective phase.

From that low, the index has turned higher in wave (3). However, confirmation of a sustained bullish cycle requires a break above the prior peak of wave B at 25,507.79. Without this, the risk of a double correction remains. From wave (2), wave (i) advanced to 23,178.7, while wave (ii) pulled back to 22,209.45. The subsequent rally in wave (iii) reached 23,377.65, followed by a pullback in wave (iv) to 22,677.92. Another leg higher is anticipated to complete wave (v) of ((i)). Afterward, the index should undergo a corrective phase in wave ((ii)), addressing the cycle from the March 23, 2026 low, before resuming its upward trajectory.

In the near term, as long as the pivot at 21,886.1 remains intact, dips are expected to attract buyers. These retracements are likely to unfold in 3, 7, or 11 swings, supporting further upside potential. This structure underscores the importance of maintaining the key pivot while awaiting confirmation through a decisive break above 25,507.79

DAX 45-Minute Elliott Wave Chart

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DAX Elliott Wave Video

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Source: https://elliottwave-forecast.com/new...umption-ahead/

Netflix (NFLX) Short Term Elliott Wave Bullish Sequence Targets $116.4

Netflix (NFLX) experienced a prolonged corrective phase after reaching a peak of $134.12 on June 30, 2025. This downward cycle concluded at the February 23, 2026 low of $75.01, from which the stock began to recover. The rebound has established an incomplete bullish sequence, starting with a rally to $100.19 on March 5, followed by a secondary low at $89.75 on March 23. The subsequent advance broke above the March 5 high, confirming a higher-high structure and reinforcing the bullish outlook. Current projections suggest upside potential toward the 100%–161.8% Fibonacci extension zone, spanning $116.40 to $130.00.

The short-term cycle from the March 23 low is unfolding as an impulsive structure. Within this sequence, wave 1 terminated at $97.20, while wave 2 corrected to $94.25. The stock then advanced in wave 3, reaching $102.69, before retracing in wave 4, which appears complete at $97.97. Provided the pivot at $94.24 remains intact, the near-term expectation is for pullbacks to find support, paving the way for wave 5 to extend higher. This structure highlights the resilience of the current recovery and suggests that Netflix is positioned to continue its upward trajectory, with the broader cycle favoring additional gains toward the projected Fibonacci targets. The technical framework therefore supports a constructive outlook, contingent on the preservation of key support levels.

Netflix (NFLX) 30-Minute Elliott Wave Chart

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NFLX Elliott Wave Video:


Source: https://elliottwave-forecast.com/new...targets-116-4/

GBPUSD : Moved Lower and Banked +200 Pips +2.5%

On March 19 2026 I posted on social media @AidanFX the GBPUSD sell entry chart with stop loss and targets.
GBPUSD Daily Chart March 19 2026 (Sell Entry)
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GBPUSD moves lower and on March 30 2026 price hits the 2.5R target at 1.3205 from 1.3405 and I closed the sell trade for +200 pips (+2.5% gain risking 1% on every trade)
GBPUSD Daily Chart March 30 2026 (Targets Hit/Trade Closed)
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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: Gold (XAUUSD) Builds 5 Swings Higher, Favoring Upside

Gold (XAUUSD) reached an all-time high of $5598.75 on January 29 before undergoing a notable correction. This decline unfolded in a 3 Elliott waves zigzag structure, ultimately finding support at $4094.63. We have identified this corrective phase as wave (IV). Since then, the metal has resumed its upward trajectory, entering wave (V). To fully confirm the bullish outlook, however, gold must decisively break above the prior peak of $5598.75. Without such a move, the risk of a double correction remains present.

The short-term rally from the wave (IV) low has already displayed a five-swing structure. This pattern is characteristic of a motive sequence, which generally signals continuation rather than exhaustion. Consequently, the technical picture favors further upside momentum. From the wave (IV) base, wave 1 concluded at $4512.85, followed by wave 2 at $4350.52. Wave 3 extended higher to $4800.46, while the subsequent pullback in wave 4 ended at $4553.16. Current price action suggests that wave 5 is nearing completion. Once finalized, this will mark the end of wave (1) at a higher degree.

Afterward, gold is expected to retrace in wave (2). This corrective phase should address the cycle that began from the March 23 low. Such a pullback would be a natural development within the broader bullish structure, setting the stage for renewed strength. If the outlined progression holds, the metal could establish a sustainable advance beyond its previous record high.

Gold (XAUUSD) 60-Minute Elliott Wave Chart

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XAUUSD Elliott Wave Video:


Source: https://elliottwave-forecast.com/new...voring-upside/

Elliott Wave Outlook S&P 500 (SPX) Eyeing New All Time High

The S&P 500 (SPX) completed its cycle from the April 2025 low on February 2, 2026, when it reached 6991.92. This level is identified as wave (1). Since that peak, the Index has been correcting the entire cycle from April 2025 through a double‑three Elliott Wave structure. From the February high, wave W declined to 6652.56, followed by a recovery in wave X that ended at 6845.08. The Index then resumed lower in wave Y, which extended toward 6318.33. It has since turned higher in wave (3), although a break above the wave (1) high at 6991.92 is still required to fully invalidate the possibility of a second corrective sequence.

From the wave (2) low, wave (i) advanced to 6609.67, and the subsequent pullback in wave (ii) ended at 6474.94. The structure suggests that additional highs remain likely to complete waves (iii), (iv), and (v). This sequence should finish wave ((i)) and conclude the cycle that began from the March 31 low. A corrective pullback is expected afterward before the broader rally resumes. In the near term, the bullish outlook remains valid as long as the pivot at 6318.33 stays intact. Under this condition, any dips should continue to find support within a three‑, seven‑, or eleven‑swing sequence, reinforcing the potential for further upside as the larger trend progresses.

S&P 500 (SPX) 45-Minute Elliott Wave Chart

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SPX Elliott Wave Video:

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Source: https://elliottwave-forecast.com/new...all-time-high/

$META Elliott Wave Update: Reaction From Blue Box Areas Has Happened as Expected

In this Elliott Wave update, Meta Platforms Inc. ($META) is being revisited following the previously discussed blue box support areas. As anticipated, the reaction from those areas has happened as expected. Buying interest was seen from the blue box zones, and a meaningful bounce has been produced. As a result, the bullish sequence has been respected, and further upside is now being allowed while the stock remains above the key invalidation level.

Reaction From the Blue Box Areas Has Been Confirmed

In the prior outlook, attention was drawn to the blue box area as high-frequency support zones where the correction was expected to be completed and buyers were expected to step in. That view has now been validated by price action.

A strong reaction was produced from the blue box, and a major rally followed in line with expectations.
Why the Blue Box Areas Mattered
In Elliott Wave analysis, blue box areas are commonly used to identify extreme zones where corrective structures tend to finish. In $META, those areas were reached after corrective declines, and selling pressure began to fade once support was tested.
Consequently, a bullish reaction was produced instead of a continued breakdown. This is exactly why selling was not recommended into the blue box, and that approach has now been justified by the market response.
Current $META Structure
At this stage, $META appears to have completed another corrective leg into the recent blue box area at 528.43 – 394.14. From there, a bounce has already been seen, suggesting that wave (II) may have ended and that the next leg higher may now be getting started.
Moreover, the chart shows that price has reacted strongly after entering the blue box, which keeps the preferred bullish path intact. As long as the March 30th low at 520.26 remains protected, the recovery can continue to develop.
Near-Term Outlook
For now, additional upside can be allowed while the stock continues to recover from the blue box support area. Although short-term pullbacks can still be seen, they are expected to remain corrective as long as the larger bullish structure stays valid.
Furthermore, the current rebound suggests that buyers are still defending the key support region. If that remains the case, the next advance can continue to unfold in the sessions ahead.
Technical Summary
To summarize, the reaction from the blue box areas in $META has happened as expected. Support was found in those zones, buyers stepped in, and a strong rebound was produced.
As a result, the blue box setup has once again worked well in identifying a high-probability reversal area. While the stock remains above 520.26, the bullish sequence can stay supported and more upside can be seen.

Elliott Wave Triangle Patterns: Ascending, Descending & Contracting – Complete Guide


Triangles are one of the most important corrective patterns in Elliott Wave Theory, helping traders identify consolidation phases and anticipate high-probability breakout opportunities.
These patterns consist of five waves (A-B-C-D-E) forming a 3-3-3-3-3 structure, typically appearing before the final move in a trend.
What Is a Triangle in Elliott Wave Theory?
A triangle in Elliott Wave is a sideways corrective pattern that reflects a temporary balance between buyers and sellers before trend continuation.
Triangles commonly appear in:

1. Wave 4 of an impulse
2. Wave B of a correctionThese structures also appear in double and triple combinations.
3. Wave X in complex structures

Learn the basics of Elliott Wave Theory before diving deeper.
Key Features of Triangle Patterns

1. 5-wave structure (A-B-C-D-E)
2. Subdivides into 3-wave moves (corrective)
3. Forms converging or horizontal trendlines
4. Price action is sideways and overlapping
5. Ends with a strong breakout (terminal thrust)

The breakout move is often equal to the widest part of the triangle.
Types of Triangle Patterns in Trading

1. Ascending Triangle (Bullish Continuation)
An ascending triangle is a bullish pattern that forms during an uptrend.
Characteristics:

1. Higher lows (rising support)
2. Flat resistance level
3. Increasing buying pressure

Get to know about elliott wave corrective patterns.
Trading Strategy:

1. Enter after breakout above resistance
2. Confirm with volume
3. Place stop-loss below support

2. Descending Triangle (Bearish Continuation)
A descending triangle is a bearish continuation pattern that signals downside movement.
Characteristics:

1. Lower highs (falling resistance)
2. Flat support level
3. Increasing selling pressure

Trading Strategy:

1. Enter after breakdown below support
2. Use stop-loss above resistance
3. Measure target using pattern height

3. Contracting Triangle (Neutral Consolidation)

A contracting triangle forms when both trendlines converge, signaling decreasing volatility.
Characteristics:

1. Lower highs + higher lows
2. Declining volume
3. Gradual breakout

Trading Strategy:

1. Watch B–D trendline break
2. Expect retest before continuation
3. Confirm with indicators

Advanced Elliott Wave Triangle Insights

1. Wave E may overshoot or undershoot trendlines
2. One subwave can form a smaller triangle
3. Running triangles occur when Wave B exceeds Wave A

These variations often signal strong trend continuation.
Common Mistakes Traders Make

1. Entering before breakout confirmation
2. Ignoring volume signals
3. Misidentifying wave structure
4. Trading triangles in Wave 2 (invalid)

How to Trade Triangle Patterns Effectively
To maximize accuracy:

1. Combine with RSI & MACD indicators
2. Confirm with Elliott Wave structure
3. Wait for strong breakout confirmation
4. Always use stop-loss

Check real-time forecasts to see how professionals apply this strategy.
FAQs
What is a triangle in Elliott Wave?
A triangle is a 5-wave corrective pattern that moves sideways before a trend continuation.
Are triangles bullish or bearish?
They can be both—ascending triangles are bullish, descending are bearish.
Where do triangles occur in Elliott Wave?
Usually in Wave 4, Wave B, or Wave X.
How do you trade triangle breakouts?
Wait for breakout confirmation with volume and enter in the direction of the trend.
Conclusion
Elliott Wave triangle patterns are powerful tools for identifying market consolidation and breakout opportunities. By understanding ascending, descending, and contracting triangles, traders can improve timing, reduce risk, and trade with greater confidence.
For best results, always combine triangle analysis with technical indicators and proper risk management.

Nasdaq Futures (NQ) Target New Record High After Ending Double Three Elliott Wave Structure

Nasdaq Futures (NQ) reached an all‑time high on October 30, 2025 at 26,399, which we identify as the completion of wave (1). The market then entered a corrective phase in wave (2), unfolding as a double‑three Elliott Wave structure. From the wave (1) peak, wave W declined to 23,904.5. A recovery in wave X followed and reached 26,349. The final leg lower in wave Y ended at 22,961.5, completing wave (2) in a higher degree.

With the correction finished, the Index has turned higher in wave (3). It still needs to break above the wave (1) high at 26,399 to fully rule out a double correction. From the wave (2) low, wave (i) advanced to 24,348.25. A pullback in wave (ii) then found support at 23,666. The Index is now progressing within wave (iii), which is expected to complete soon. A pullback in wave (iv) should follow before another advance in wave (v) to finish wave ((i)).

Once wave ((i)) ends, the Index should correct the cycle from the March 31 low in wave ((ii)). This would set the stage for another bullish phase. In the near term, the pivot at 22,961.5 remains a key level. As long as this level holds, any pullback should attract buyers in a three‑ or seven‑swing sequence, supporting the broader upside outlook.

Nasdaq Futures (NQ) 60-Minute Elliott Wave Chart

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NQ Elliott Wave Video:

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Sourceh: https://elliottwave-forecast.com/new...ave-structure/

Following this thread for a while now and the structural analysis on the AUDUSD sequence in post #14 is impressive. 6 selling opportunities tracked over 6 weeks with consistent invalidation logic, that's textbook discipline.
Quick question for EWF or anyone using the Blue Box system seriously. Have you ever empirically validated the historical edge of the 50 to 61.8 fib retracement entries with a large sample size? I'm curious what the actual expectancy looks like across, say, 500+ setups on majors over multiple years.
The reason I ask. Discretionary Elliott Wave reading is hard to translate into stats because the pattern recognition is subjective, but the entry zones themselves (the fib retracement bands and the 0.5 to 0.618 buy zones at end of corrections) are testable as standalone signals once you fix the parameters. Win rate, average R, max drawdown using the Blue Box areas as mechanical entries would be a fascinating data set.
Not a critique of the methodology, genuinely interested in seeing the numbers if anyone has run them.

Elliott Wave View: S&P 500 ETF (SPY) Resumes Uptrend After Completing Corrective Phase

The S&P 500 ETF (SPY) has completed its correction to the cycle that began from the April 7, 2025 low and has turned higher with an attempt to reach a new all‑time high. From the April 2025 low, the ETF advanced in wave ((1)), which ended at the January 28, 2026 high of $697.87. It then pulled back in wave ((2)) to correct the entire cycle from April 2025, and this decline concluded at $629.23. With that level in place, SPY has resumed higher in wave ((3)), although a decisive break above the wave ((1)) peak at $697.87 remains necessary to fully dismiss the risk of a double correction.

Rally from wave ((2)) low is unfolding as an impulse Elliott Wave structure. Wave ((i)) advanced to $658.52, followed by a pullback in wave ((ii)) that ended at $644.16. The structure now suggests that SPY should continue higher to complete wave ((iii)). A subsequent pullback in wave ((iv)) is expected to correct the cycle from the April 2 low before the ETF turns higher again to finish the sequence.

In the near term, the bullish outlook remains valid as long as the pivot at $629.23 stays intact. Under this condition, any dips should continue to attract buyers within a three‑ or seven‑swing sequence, supporting the prospect of further upside as the larger trend progresses.

S&P 500 ETF (SPY) 30-Minute Elliott Wave Chart




SPY Elliott Wave Video:

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Source: https://elliottwave-forecast.com/new...rective-phase/

Visa (V) Establishes $300 Base, Eyes $400 Next

Last year, we explained Visa (NYSE: V) bullish sequence and outlined the reasons for more upside. Now that this cycle has ended, we analyze the recent weekly correction. This pullback presents a fresh investment opportunity. Therefore, we update our bullish view for the stock.
Looking at Visa’s Elliott Wave count, the cycle from the 2022 low has ended. A five-wave advance marked wave (III) at $375. Following that peak, the stock started a pullback in wave (IV). This correction shaped a corrective double three structure. Price already reached the $300 – $264 Blue Box zone. Investors should buy from this extreme area for the next move higher.
Consequently, Visa should react to the upside with at least a three-wave bounce. Ideally, wave (V) will begin from this zone. This next cycle should target at least the $395 – $427 area.
Visa V Weekly Chart 4.14.2026

Conclusion

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

Royal Bank of Canada (RY): Elliott Wave Signals Strong Upside Toward $226
Royal Bank of Canada., (RY) operates as diversified financial service company worldwide. It operates through personal finance, commercial banking, wealth management & Insurance segments. It comes under Financial services sector & trades as “RY” ticker at NYSE.
RY favors nesting within October-2023 sequence, while dips remain above $156.91 low. Above March-2026 low, it should continue rally in (3) of ((3)), which confirms once momentum divergence erased.
Since March-2020 low as (II), it started rally in (III) in weekly. It placed I of (III) at $119.41 high in January-2022 & II at $77.90 in October-2023 low. Above there, it ended ((1)) of III at $128.05 high, ((2)) at $106.10 low & favors rally in ((3)) as nest from April-2025 low. Within ((1)), it ended (1) at $176.19 high & proposed ended (2) at $156.91 low as shallow pullback. In (1), it placed 1 at $149.26 high, 2 at $143.13 low, 3 at $174.61 high, 4 at $164.95 low & 5 at $176.19 high.
RY – Elliott Wave Latest Weekly View:

Further rally in (3) will confirm, when it breaks above $176.19 high. Until then it can still do double correction in (2), if breaks below $156.91 low to correct against April-2025 low. We like to buy the pullback, if doing double in (2) at extreme area. The next rally in (3) can extend towards $226.8 or higher in weekly. Alternatively, it can extend towards $180.7- $188.1 area to finish five swings in ((1)) from October-2023 low before correcting in ((2)). In either the case, investors can look for buy in dips if reach extreme area.
RY 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 $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.

AUDJPY : Trading With the Wave Count and Banking +80 Pips (+4%)

April 8 2026 we advised EWF members that the AUDJPY pair was in a bullish wave count and that a move higher was coming.
AUDJPY 1 Hour Chart New York Update April 8 2026 (Bullish Wave Count)


On April 8 2026 I also posted on social media @AidanFX the buy setup ->->-> “Watching for buyside AUDJPY against 111.43 stops with targets at the 112.03 – 112.23 area.”
I also posted the chart below with entry, stops and targets.
AUDJPY 15 Minute Chart April 8 2026 (Buy Entry)


AUDJPY moves higher and on April 9 2026 price hits the 4R target at 112.42 from 111.62 and I closed the buy trade for +80 pips (+4% gain risking 1% on every trade)
AUDJPY 15 Minute Chart April 9 2026 (Targets Hit/Trade Closed)
https://elliottwave-forecast.com/wp-...y-4.9.2026.jpg
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
At Elliottwave-Forecast we cover 78 instruments (Forex, Commodities, Indices, Cryptos, Stocks and ETFs) in 4 different time frames and we offer 5 Live Session Webinars everyday. We do Daily Technical Videos, Elliott Wave Trade Setup Videos and we have a 24 Hour Chat Room. Our clients are always in the loop for the next market move.

Nasdaq-100 ETF (QQQ) Ended Correction From Blue Box

The Nasdaq-100 ETF (QQQ) appears to have ended its correction against the April cycle. The current resurgence stems from the blue box, where we recommended members to go long. In this blog post, we will analyze the structures, the blue box, and what to expect next.
Indices began to sharply rebound last week after correcting the April cycle for over two months. We believe the April bullish cycle for most indices ended in January/February 2026. As for QQQ, the pullback against the April cycle began in late October 2025. We confirmed the peak to our members and recommended selling. We anticipated the correction against the April low to occur in a 3, 7, or 11-wave corrective sequence. We looked to buy at the extreme of any of these correction stages, as long as it wasn’t too shallow – below a 23.6% retracement. The length of the correction confirmed that we weren’t dealing with a 4th wave of the April cycle, but rather a complete correction. Therefore, we considered a 38.2% retracement and deeper as an additional guideline.
QQQ Elliott Wave Bullish Setup – 22nd March, 2026


On March 22nd, we shared the QQQ Daily chart with Elliottwave-Forecast members. The chart revealed the pullback as a 7-swing structure, as a 3-swing structure was considered too shallow. The 7-swing pullback extended to the blue box, where we recommended members to go long on the stock ETF. The blue box covers the 580.13-345.14 area, and we anticipated the low to be within this zone. Therefore, we didn’t need to pinpoint the exact low. Consequently, members went long at 580 with a stop at 545. We provided members with subsequent daily charts displaying this blue box for several days, giving them ample time to decide and set their pending orders.
QQQ Elliott Wave Bullish Setup (Update) – 12th April, 2026


On April 12, 2026, we alerted members with the daily update chart above. The chart shows the price triggered the blue box and reacted sharply upwards. At the time of writing, the ETF was trading at $620. Given the strength of this rally, there is a 70% probability of a new high. Thereafter, buyers will likely look for entry points from the blue box again. However, until that high is breached, we cannot completely rule out the possibility of a 15-swing pullback extending deeper (30% chance). As for us and our members, we have already booked profits on half of our position and left the remainder with an adjusted stop to ensure a risk-free trade.
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].

Elliott Wave Signals Silver (XAGUSD) Recovery Path to $89

Silver (XAGUSD) rallied to $121.6 on January 29 before entering a sharp decline that reached $60.87. We identified that decline as wave (IV) in the Super Cycle degree, and the broader structure continues to support a constructive long‑term outlook. The metal has begun to recover from the wave (IV) low, and the next important test is a break above the wave (III) all‑time high at $121.6. A clean break would remove the risk of a double correction and confirm that a new cycle is underway.

From the wave (IV) low, wave 1 formed a leading diagonal and finished at $77.63. Wave 2 then retraced to $72.57 before the metal turned higher again in wave 3. The current structure suggests that one more push is needed to complete wave 3. After that advance, a wave 4 pullback should develop to correct the cycle from the April 13, 2026 low. A final rise in wave 5 would then complete wave (1) at the higher degree.

Once wave (1) ends, a broader wave (2) decline should unfold to correct the entire advance from the March 23, 2026 wave (IV) low. That retracement will set the base for the next sustained bullish phase. In the near term, the $60.87 pivot remains the key support. As long as it holds, any pullback should attract buyers in a three‑ or seven‑swing sequence. The next upside objective aligns with the 100% Fibonacci extension of wave 1 at $89.

Silver (XAGUSD) 60-Minute Elliott Wave Chart

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XAGUSD Elliott Wave Video:

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Source: https://elliottwave-forecast.com/new...ry-path-to-89/

Tesla (TSLA) Elliott Wave Analysis: Price Action Shifts Higher in Impulsive Phase

Tesla (TSLA) has followed the broader pattern seen across major global indices and completed a corrective cycle from the April 2025 low. This decline has been identified as wave II, which ended at $337.2. The stock has since turned higher. However, it must still break above the previous all‑time high at $498.8, set earlier this year, to fully invalidate the possibility of a double correction. That scenario appears less probable because major benchmarks such as the S&P 500 (ES) and Nasdaq 100 (NQ) have already pushed to new all‑time highs above their respective peaks from earlier in the year.

From the wave II low, Tesla has begun to advance in a five‑wave impulsive Elliott Wave structure. The rally to $365.49 completed wave 1, and the subsequent pullback to $337.25 completed wave 2. The stock has resumed higher in wave 3, which is developing as another impulsive structure of a lesser degree. From the wave 2 low, wave ((i)) ended at $348.88, and the pullback in wave ((ii)) ended at $342.74. The price action suggests that short‑term dips should continue to attract buyers as the stock works through additional highs to complete the five‑wave sequence from the wave II low.

In the near term, the bullish outlook remains valid as long as the pivot at $337.2 stays intact. Any pullback should find support in a three‑, seven‑, or eleven‑swing corrective sequence before the broader advance resumes.

Tesla (TSLA) 30-Minute Elliott Wave Chart

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TSLA Elliott Wave Video:

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Source: https://elliottwave-forecast.com/new...pulsive-phase/

Elliott Wave Patterns Explained: Zigzag, Flat & Triangle (Complete Guide)

The Elliott Wave Theory is a powerful technical analysis tool used to predict market trends based on crowd psychology. It shows how prices move in repeating patterns driven by investor sentiment shifts between optimism and pessimism.
Understanding these patterns allows traders to:

1. Identify market structure
2. Anticipate future price movements
3. Improve entry and exit timing

Core Concept of Elliott Wave Theory
Market movement follows two key phases:

1. Impulse Waves (5 waves) → Move in trend direction
2. Corrective Waves (3 waves) → Move against the trend

These are labeled as:

1. Impulse: 1, 2, 3, 4, 5
2. Corrective: A, B, C

https://elliottwave-forecast.com/wp-...ingtrading.png1. Zigzag Pattern (5-3-5 Structure)
What is a Zigzag?
A Zigzag is a sharp corrective pattern with a 5-3-5 structure:

1. Wave A → 5 waves
2. Wave B → 3 waves
3. Wave C → 5 waves

Key Characteristics

1. Strong correction against the trend
2. Wave B is typically shorter
3. Wave C often equals or extends beyond Wave A

Types of Zigzag

1. Normal: C = 61.8%–161.8% of A
2. Truncated: C < 61.8% of A
3. Elongated: C > 161.8% of A

https://elliottwave-forecast.com/wp-.../04/zigzag.pngTrading Insight
Zigzags often signal continuation after correction, making them useful for identifying re-entry points.
2. Flat Pattern (3-3-5 Structure)
What is a Flat?
A Flat correction is a sideways pattern with a 3-3-5 structure:

1. Wave A → 3 waves
2. Wave B → 3 waves
3. Wave C → 5 waves

Key Characteristics

1. Moves sideways rather than sharply
2. Wave B often retraces near or beyond A
3. Wave C ends near or slightly beyond A

Types of Flats

1. Regular Flat → Balanced structure
2. Expanded Flat → B breaks A start, C extends strongly
3. Running Flat → C fails to reach A end

Trading Insight
Flats indicate market consolidation, often before trend continuation.
https://elliottwave-forecast.com/wp-...A-Signals.webp3. Triangle Pattern (3-3-3-3-3 Structure)
What is a Triangle?
A Triangle is a consolidation pattern made of 5 waves (A-B-C-D-E), each with 3 sub-waves.
Key Characteristics

1. Sideways price movement
2. Decreasing volatility
3. Occurs before final trend move

Types of Triangles

1. Ascending
2. Descending
3. Contracting
4. Expanding

Learn more about Elliott Wave triangle structures in our detailed guide
https://elliottwave-forecast.com/wp-...-triangles.jpg
Trading Insight
Triangles usually appear before the final breakout, especially in wave 4.
Why Elliott Wave Patterns Matter
Using Elliott Wave patterns helps traders:

1. Predict high-probability moves
2. Identify trend continuation vs reversal
3. Reduce trading risk

It provides a structured way to understand market psychology and timing.
Conclusion
Mastering Zigzag, Flat, and Triangle patterns gives traders a major edge in analyzing markets. While no method is perfect, Elliott Wave Theory helps you:

1. Stay ahead of market movements
2. Make informed trading decisions
3. Improve consistency

FAQs
What is Elliott Wave Theory?
A method to predict market trends using repeating wave patterns.
What is a Zigzag pattern?
A sharp correction with a 5-3-5 structure.
What is a Flat pattern?
A sideways correction with a 3-3-5 structure.
What is a Triangle pattern?
A consolidation pattern with 5 waves (A-B-C-D-E).
Is Elliott Wave accurate?
It offers high-probability predictions, not certainty.
Can beginners use Elliott Wave?
Yes, with practice and basic pattern understanding.
Which markets use Elliott Wave?
Stocks, forex, crypto, and commodities.
Why are these patterns important?
They help predict trends and improve trading decisions.