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Mastercard Inc (NYSE: MA) Enters Extreme Area

Mastercard Inc (NYSE: MA) is undergoing a weekly correction. Today, we dive into its technical chart. Our analysis explores the Elliott Wave structure and projected target for the current cycle.
MA completed an impulsive five-wave advance from its 2022 low of 277.79. Wave I peaked at $582. From that high, a three-wave flat correction is now unfolding. Wave ((A)) ended at 465. Then, Then, wave ((B)) reached $601. Currently, wave ((C)) remains in progress.
The stock already reached the equal legs zone ( $511 − $463) . This area should conclude wave II. Consequently, a bullish reversal will take place from this zone and Mastercard will look to resume the rally higher in wave III into new all time highs.
Mastercard (MA) Weekly Chart 5.20.2026

Conclusion

Mastercard’s (MA) bullish cycle remains in progress. The stock is poised for further upside extension. Therefore, investors should target buying opportunities within weekly pullbacks.
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Gold Miners ETF (GDX) Forecasting the Rally After 3 Waves Pull Back

Hello fellow traders. In this technical article, we take a quick look at the Elliott Wave charts of the Gold Miners ETF (GDX), published in the members’ area of our website. The ETF shows bullish impulsive sequences on both the daily and weekly charts. The structure points to a strong uptrend, with higher highs and higher lows. Pullbacks should find support in key areas, offering buying opportunities.
In the following sections, we explain the Elliott Wave structure, highlight key levels, and outline possible scenario. We focus on trading with the trend and avoid selling while the bullish sequence remains intact.
GDX Elliott Wave 4 Hour Chart 3.23.2026
Current analysis suggests GDX is close to completing wave (IV) (blue) as an ABC zigzag. The extreme zone has already been reached at 81.55–66.56, marked as the blue box. As long as price stays above the 66.56 low, the bullish count remains valid. We expect further strength in the ETF. A rally from the buyers’ zone could lead to new highs. We advise against selling.
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GDX Elliott Wave 4 Hour Chart 3.23.2026
GDX ETF held above 66.56 and extended higher, as expected. The correction ended at 74.12, which now acts as the key level. From that low, GDX completed a 5-wave advance labeled ((1)) in black. A 3-wave pullback toward 81.56–77.48 is expected. After wave ((2)) completes, we can define the next upside target.
Keep in mind, the market is dynamic. The presented view could change over time. You can check the latest charts and target levels in the membership area of the site. The best instruments to trade are those with incomplete bullish or bearish swings. These are listed in the Sequence Report, and the best ones are shown in the Live Trading Room.
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Bitcoin (BTCUSD) Surges Higher From Key Support Zone

The short‑term Elliott Wave outlook for Bitcoin (BTCUSD) shows the rally from the March 29 low concluded as wave 1 at $82,833. After this peak, the market corrected in wave 2, unfolding as a double three Elliott Wave structure. From the wave 1 high, wave (a) ended at $79,168. The rally in wave (b) reached $82,458. Wave (c) then dropped to $78,704, completing wave ((w)) at a higher degree. Bitcoin rebounded in wave ((x)), which finished at $82,047, setting up the next decline.

The cryptocurrency extended lower in wave ((y)), which subdivided into a zigzag structure. From the wave ((x)) high, wave (a) ended at $77,614. A modest rally in wave (b) concluded at $78,573. The final leg, wave (c), dropped to $76,072, completing wave ((y)) of wave 2 at a higher degree. This decline brought Bitcoin into the blue box support zone, defined by the 100% to 161.8% Fibonacci extension of wave ((w)). Buyers responded at this level, producing a turn higher. Near term, as long as the pivot at $76,072 remains intact, Bitcoin is expected to extend its rally.

Bitcoin (BTCUSD) 90-Minute Elliott Wave Chart

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BTCUSD Elliott Wave Video:

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Elliott Wave View: Dow Futures (YM) Break Higher Following March 2026 Correction

The short‑term Elliott Wave outlook for Dow Futures (YM) indicates that the Index has completed its correction against the cycle from the March 30, 2026 low and has resumed higher. The rally from that low is unfolding as a clear impulse. Within this structure, wave 1 terminated at 50,043, while the subsequent pullback in wave 2 found support at 48,608. From there, the Index extended upward in wave 3, which itself subdivides into another impulsive sequence.

Advancing from wave 2, wave ((i)) concluded at 50,292, as illustrated in the one‑hour chart. The pullback in wave ((ii)) then ended at 49,146, establishing a pivotal low. The Index has since resumed its ascent in wave ((iii)) of 3. From wave ((ii)), the internal wave (i) is expected to complete shortly. Following that, a corrective pullback in wave (ii) should unfold, addressing the cycle from the May 18, 2026 low before the rally resumes. This correction will provide the necessary consolidation for the next upward phase.

In the near term, as long as the pivot at 49,146 remains intact, any pullback should find support. The correction is likely to manifest in a 3, 7, or 11 swing sequence, consistent with Elliott Wave guidelines. The structure remains constructive, and the broader cycle favors continuation higher once the short‑term correction completes.

Dow Futures (YM_F) 60-Minute Elliott Wave Chart

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YM_F Elliott Wave Video:

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Source: https://elliottwave-forecast.com/sto...26-correction/
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Elliott Wave View: Dow Futures (YM) Break Higher Following March 2026 Correction

The short‑term Elliott Wave outlook for Dow Futures (YM) indicates that the Index has completed its correction against the cycle from the March 30, 2026 low and has resumed higher. The rally from that low is unfolding as a clear impulse. Within this structure, wave 1 terminated at 50,043, while the subsequent pullback in wave 2 found support at 48,608. From there, the Index extended upward in wave 3, which itself subdivides into another impulsive sequence.
Advancing from wave 2, wave ((i)) concluded at 50,292, as illustrated in the one‑hour chart. The pullback in wave ((ii)) then ended at 49,146, establishing a pivotal low. The Index has since resumed its ascent in wave ((iii)) of 3. From wave ((ii)), the internal wave (i) is expected to complete shortly. Following that, a corrective pullback in wave (ii) should unfold, addressing the cycle from the May 18, 2026 low before the rally resumes. This correction will provide the necessary consolidation for the next upward phase.
In the near term, as long as the pivot at 49,146 remains intact, any pullback should find support. The correction is likely to manifest in a 3, 7, or 11 swing sequence, consistent with Elliott Wave guidelines. The structure remains constructive, and the broader cycle favors continuation higher once the short‑term correction completes.
Dow Futures (YM_F) 60-Minute Elliott Wave Chart


YM_F Elliott Wave Video:

Oil ($CL_F) Impulsive Wave Structure Suggests Further Losses

The short‑term Elliott Wave view on Oil indicates that after spiking to $119.48 in response to the war with Iran, prices have moved sideways for several months. The initial decline from that peak to $76.73 on March 11, 2026 appeared impulsive and likely completed wave (A). Following that move, Oil consolidated in a triangle‑like structure until recently. Within this formation, wave (B) was identified at $109.62, as illustrated in the one‑hour chart.

From that level, Oil resumed lower in wave (C). However, a decisive break below the $76.73 low of wave (A) remains necessary to confirm this bearish view. Down from $109.62, wave ((i)) ended at $105.65, while the corrective rally in wave ((ii)) concluded at $109.2. Oil then extended lower in wave ((iii)) towards $96.94, followed by a bounce in wave ((iv)) that ended at $102.66. The market is now expected to push to a few more lows to complete wave ((v)), thereby finishing wave 1 of a higher degree.

Once wave 1 concludes, Oil should rally in wave 2 to correct the cycle from the May 19, 2026 high. This correction is anticipated to unfold in 3 or 7 swings before the broader downtrend resumes. As long as the pivot at $109.62 remains intact, rallies are expected to fail in 3, 7, or 11 swings, favoring further downside. The structure highlights a mature bearish cycle, with near‑term risks skewed toward continuation of weakness rather than sustained recovery.

Light Crude Oil (CL_F) 60-Minute Elliott Wave Chart

Attached Image (click to enlarge)

CL_F Elliott Wave Video:

Inserted Video

Source: https://elliottwave-forecast.com/new...urther-losses/
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$AMZN Blue Box Area Offering Buying Opportunity After 7 Swing Pullback
In this Elliott Wave update, we look at the latest structure in Amazon.com Inc. ($AMZN). The stock appears to have ended the bullish cycle from February 2026 and has since turned lower in a larger corrective pullback. However, the decline still looks corrective rather than impulsive. As a result, $AMZN is now pulling back in 7 swings, and the current structure is opening a Blue Box Area buying opportunity.
5 Wave Impulse + 7 Swing WXY correctionhttps://elliottwave-forecast.com/wp-...rd-Impulse.jpg https://elliottwave-forecast.com/wp-...-Structure.jpg
$AMZN Ended the Cycle From February 2026
https://elliottwave-forecast.com/wp-...0524085333.pngLooking at the 45-minute chart, $AMZN completed the rally from the February 2026 cycle and then started to correct lower. After reaching a meaningful high, the stock failed to extend further and shifted into a bearish swing sequence.
This change matters because it suggests the prior bullish cycle has ended for now, at least in the short term. Even so, the decline does not yet look like the start of a larger bearish trend. Instead, the structure continues to point to a corrective pullback within the broader sequence.
Pullback Is Unfolding in 7 Swings
At this stage, $AMZN is not dropping in a straight impulsive move. Instead, the stock is developing a 7-swing correction, which is a common Elliott Wave pattern after a completed cycle.
More specifically, the decline is unfolding as a W-X-Y structure. This tells us the market is still correcting the prior advance rather than building a sustained bearish trend. Therefore, the current weakness should be viewed as part of a corrective sequence that can offer support lower.
Blue Box Area Offers Buying Opportunity
Most importantly, the Blue Box Area between 246.44 and 240.92 marks the next key support zone. This is the area where the 7-swing pullback can finish and where buyers are expected to appear.
Typically, Blue Box Areas represent high-frequency reaction zones where selling pressure starts to fade and buyers step in for a bounce. In this case, if $AMZN reaches that region, the stock can attract buyers and produce a recovery from support.
For that reason, we do not like selling into the blue box. Instead, the preferred view is to watch that area for a buying opportunity as the correction matures.
Short-Term Outlook for $AMZN
In the near term, the focus remains on the current decline into 246.44–240.92. As long as the stock continues to pull back in a corrective structure, that area remains the next important support to watch.
Once the blue box is reached, buyers can step in and trigger a rebound. That bounce would confirm the market found support in the expected reaction zone and would fit the idea of the larger correction unfolding in 7 swings.
Meanwhile, the broader structure remains valid as long as $AMZN stays below the 278.61 invalidation level on this short-term view.
Technical Summary
To summarize, $AMZN appears to have ended the cycle from February 2026 and is now pulling back in a 7-swing correction. Most importantly, the Blue Box Area at 246.44–240.92 stands out as the next buying opportunity, where buyers can appear and trigger a reaction higher.
Accordingly, traders should keep a close eye on that support area as the corrective structure approaches completion.

Top 10 Copper Stocks to Watch in 2026

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Copper has become the lifeblood of electrification—from electric vehicles to renewable energy grids and AI-driven data centers. With demand surging and supply constrained, copper producers are in the spotlight.
If you’ve been following commodities lately, you’ll know copper has surged to an all‑time high, signalling what we call a confirmed bullish sequence and reinforcing expectations for prices to continue rising.
See chart below.
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What are Copper Stocks?
Copper stocks represent shares of companies engaged in copper mining, refining, exploration, and production. These firms generate revenue by extracting and selling copper, often alongside other valuable metals such as gold, silver, molybdenum, and nickel.
Copper is both a critical industrial metal and a strategic commodity, making copper stocks sensitive to copper prices, global supply chains, and economic cycles. Because copper is essential for electrification, renewable energy, and digital infrastructure, these stocks are increasingly seen as growth assets in 2026.
Major copper mining companies operate across Chile, Peru, the United States, Canada, Zambia, and the Democratic Republic of Congo. Chile remains the world’s largest copper producer, while Peru and Zambia are also key suppliers.
Why Copper Stocks matter in 2026?
Copper stocks matter in 2026 because they provide investors with exposure to one of the most critical commodities driving the energy transition and digital economy. Copper is indispensable for electrification, renewable energy, and AI infrastructure, making these equities both a cyclical play on global growth and a long‑term bet on structural demand. Electric vehicles require nearly four times more copper than traditional cars, wind turbines consume about three tons per megawatt, and AI data centers rely heavily on copper for wiring and cooling systems. On the supply side, new mines take years to develop, keeping availability tight and prices elevated. Together, these forces create a powerful bullish backdrop for copper and the companies producing it.
Below is a deep dive into the 10 leading copper stocks in 2026.

1. Freeport-McMoRan (FCX) – USA

Freeport-McMoRan remains the largest publicly traded copper producer. Its Grasberg mine in Indonesia and North American operations give it unmatched scale. In 2026, Freeport benefits from strong copper prices and diversification into gold and molybdenum. Investors view FCX as a direct play on copper demand with global reach.

1. BHP Group (BHP) – Australia

BHP owns Escondida in Chile, the world’s largest copper mine. With a diversified portfolio spanning iron ore, coal, and nickel, BHP offers stability alongside copper exposure. Its strong balance sheet and consistent dividends make it a favorite among institutional investors seeking long-term exposure to electrification metals.

1. Rio Tinto (RIO) – UK/Australia

Rio Tinto’s copper assets, including Oyu Tolgoi in Mongolia, position it as a global leader. The company has invested heavily in automation and sustainability, appealing to ESG-focused investors. In 2026, Rio’s copper growth pipeline supports its role as a balanced, diversified miner with copper upside.

1. Southern Copper (SCCO) – USA/Peru

Southern Copper is a pure copper play with massive reserves in Peru and Mexico. Its high dividend yield attracts income-focused investors. With copper prices elevated, SCCO’s profitability shines, making it one of the most direct ways to gain copper exposure in 2026.

1. Teck Resources (TECK) – Canada

Teck Resources is expanding copper production through projects in Chile. Known for its diversified portfolio (coal, zinc, and oil sands), Teck is pivoting toward copper as part of its clean energy metals strategy. In 2026, Teck’s copper growth story is a key driver of investor interest.

1. Antofagasta (ANTO) – Chile

Antofagasta is a Chilean copper specialist with strong reserves and steady production growth. Its focus on operational efficiency and cost control makes it resilient in volatile markets. Antofagasta is a regional powerhouse with global relevance.

1. Glencore (GLEN) – Switzerland

Glencore combines mining with a powerful trading arm. Its copper operations in Africa and South America are complemented by its ability to trade and hedge commodities globally. In 2026, Glencore’s diversified model provides both copper exposure and risk management advantages.

1. Hudbay Minerals (HBM) – Canada

Hudbay is a mid-tier copper producer with operations in Manitoba and Peru. Its growth potential lies in expanding production capacity and developing new projects. Hudbay appeals to investors seeking smaller-cap copper exposure with upside potential.

1. Ero Copper (ERO) – Canada/Brazil

Ero Copper is a pure copper growth story with operations in Brazil. Its focus on exploration and expansion makes it one of the fastest-growing copper producers. In 2026, Ero Copper is seen as a high-risk, high-reward play on copper demand.

1. First Quantum Minerals (FM) – Canada/Zambia

First Quantum operates major mines in Zambia and Panama, including Kansanshi and Cobre Panama. Its emerging market exposure provides scale but also geopolitical risk. In 2026, First Quantum remains a key global copper supplier with strong production volumes
Benefits of investing in Copper Stocks

1. Direct Leverage to Copper Prices

Copper miners’ revenues rise when copper prices climb. With copper trading near all‑time highs, equities in this sector offer strong upside potential.

1. Structural Demand Growth

Copper is indispensable for electric vehicles, renewable energy, and AI data centers. EVs use 4x more copper than traditional cars, wind turbines consume ~3 tons per MW, and AI infrastructure requires massive wiring and cooling systems. This ensures long‑term demand.

1. Supply Constraints Support Prices

New copper mines take 7–10 years to develop, while existing producers face declining ore grades and geopolitical risks. This tight supply keeps prices elevated, benefiting miners.

1. Portfolio Diversification

Unlike gold or silver, copper is a consumed industrial metal, tied directly to global growth. Copper stocks diversify portfolios by adding exposure to infrastructure and electrification trends.

1. Dividend & Growth Potential

Large miners like BHP, Rio Tinto, and Southern Copper often pay dividends, while smaller pure copper plays (like Ero Copper) offer high growth potential. Investors can choose between stability and aggressive upside.
Risk of Investing in Copper Stocks

1. Price Volatility

1. Copper prices are highly sensitive to global demand, currency fluctuations, and speculative trading.
2. Sharp swings can erode profits for miners and cause stock prices to underperform.

1. Economic Slowdowns

1. Copper demand is closely linked to construction, manufacturing, and infrastructure spending.
2. A slowdown in China or global recession could weaken demand, pushing prices lower.

1. Geopolitical & Regulatory Risks

1. Major copper producers like Chile, Peru, Zambia, and the DRC face political instability, labor strikes, and regulatory changes.
2. Environmental policies and stricter mining regulations can delay projects or increase costs.

1. Supply Chain & Operational Challenges

1. Declining ore grades mean miners must process more material to extract the same amount of copper, raising costs.
2. New mines take 7–10 years to develop, creating long lead times and uncertainty.
3. Disruptions (e.g., Indonesia’s Grasberg mine mudslide in 2025) highlight vulnerability to unexpected events.

1. Market Rotation & Investor Sentiment

1. Institutional investors are shifting capital into copper as a growth asset, but sentiment can reverse quickly if macro conditions change.
2. A weaker Chinese economy or reduced infrastructure spending could trigger capital outflows.

Things to Consider Before Choosing Platinum Stocks
Copper price trends and volatility
Mining revenues are directly tied to spot prices, which can swing sharply with global demand shifts.
Global economic outlook
Copper demand rises with construction, manufacturing, and electrification but slows during recessions.
Supply dynamics and geopolitical risks
Many copper mines are located in regions like Chile, Peru, Zambia, and the DRC, where political instability, strikes, or regulatory changes can disrupt output.
Company fundamentals
Review balance sheets, dividend policies, production costs, and whether the company is a diversified miner or a pure copper play.
Long‑term demand drivers
EV adoption, renewable energy expansion, and AI infrastructure support structural growth in copper consumption.
Portfolio fit and risk tolerance
Copper stocks can offer strong upside but also carry cyclical risk, so diversification and position sizing are essential.
Final thoughts
Copper stocks offer strong upside in 2026, but investors must weigh risks carefully. Volatility, geopolitical instability, and economic cycles can sharply impact returns. The best approach is to diversify across large, stable miners (BHP, Rio Tinto) and pure copper plays (Southern Copper, Freeport‑McMoRan) while monitoring global growth trends and regulatory developments.
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Johnson & Johnson (JNJ) Forecast: Elliott Wave Signals Rally Toward $259+
Johnson & Johnson (JNJ) engages in research & development, manufacture & sale of range of products in the healthcare sector worldwide. It operates through Innovative Medicine & MedTech. It comes under Healthcare sector & trades as “JNJ” at NYSE.
The JNJ found support in daily blue box area as anticipated in last article. It ended double correction at $220.37 low & favors rally targeting $259.3 or higher. The buyers already able to create a risk-free long as price crosses above $233.45 as 50 of (Y).
JNJ – Elliott Wave Latest Daily View: https://elliottwave-forecast.com/wp-.../05/JNJ-D4.jpg
In weekly, it ended (I) impulse at $186.69 high in April-2022 & (II) correction at $140.68 low in January-2025. The pullback in (II) as choppy double three structure. Within (II), it ended w at $150.11 low, x at $175.97 high & y at $140.68 low. Above April-2025 low, it ended ((1)) of I at $169.99 high, ((2)) at $141.50 low, ((3)) at $251.71 high, ((4)) at $220.37 low & favors upside in ((5)). It is showing extended ((3)) sequence. In ((3)), it ended (1) at $159.44 high, (2) at $146.12 low, (3) at $215.19 high, (4) at $200.91 low & (5) at $251.71 high.
JNJ – Elliott Wave View From 4.20.2026:https://elliottwave-forecast.com/wp-.../04/JNJ-D3.jpg
Within ((4)), it ended (W) at $232.24 low (3.24.2026), (X) at $247.21 high (4.02.2026) & (Y) at $220.37 low (5.11.2026). Buyers expected to enter from daily blue box area for next rally or at least 3 swing bounce. It favors upside in (1) & expect five swings to finish. It ended 1 of (1) at $232.13 high, 2 at $225.86 low & favors 3 of (1) towards $237.68-$244.99 area. The bullish rally within January-2025 low should extend higher to new high.
JNJ 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. Also, you can check out the Educational section to learn Elliott wave theory & its application through different packages available & 1-1 coaching for doubts.

USDJPY : Sell Target Hit for +26 Pips +2%

May 21 2026 I posted on social media and entered the sell entry on the USDJPY pair at 159.15 with a 13 pip stop loss at 1159.28 and was expecting for a move lower to the 2R target at 158.89.
@AidanFX >>> “Sold USDJPY at 159.15 Stop Loss 159.28 Target 158.955 – 158.89 area”
Sell Trade Setup

1. 1. Price swept the previous day high. (Liquidity Sweep)
2. 2. Price breaks and closes below IFVG. (Gray)
3. 3. Price breaks and closes below trend line.

All combined together and I entered the SELL/SHORT trade with confidence.
USDJPY 15 Minute Chart May 21 2026 (Sell Entry)
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USDJPY 15 Minute Chart May 21 2026 (Target Hit)
https://elliottwave-forecast.com/wp-....21.2026.b.jpg
USDJPY moves lower and hits 2R target at 158.89 from 159.15 and I closed sell trade for +26 pips (+2% 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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Oil ($CL_F) Impulsive Wave Structure Suggests Further Losses

The short‑term Elliott Wave view on Oil indicates that after spiking to $119.48 in response to the war with Iran, prices have moved sideways for several months. The initial decline from that peak to $76.73 on March 11, 2026 appeared impulsive and likely completed wave (A). Following that move, Oil consolidated in a triangle‑like structure until recently. Within this formation, wave (B) was identified at $109.62, as illustrated in the one‑hour chart.
From that level, Oil resumed lower in wave (C). However, a decisive break below the $76.73 low of wave (A) remains necessary to confirm this bearish view. Down from $109.62, wave ((i)) ended at $105.65, while the corrective rally in wave ((ii)) concluded at $109.2. Oil then extended lower in wave ((iii)) towards $96.94, followed by a bounce in wave ((iv)) that ended at $102.66. The market is now expected to push to a few more lows to complete wave ((v)), thereby finishing wave 1 of a higher degree.
Once wave 1 concludes, Oil should rally in wave 2 to correct the cycle from the May 19, 2026 high. This correction is anticipated to unfold in 3 or 7 swings before the broader downtrend resumes. As long as the pivot at $109.62 remains intact, rallies are expected to fail in 3, 7, or 11 swings, favoring further downside. The structure highlights a mature bearish cycle, with near‑term risks skewed toward continuation of weakness rather than sustained recovery.
Light Crude Oil (CL_F) 60-Minute Elliott Wave Chart


CL_F Elliott Wave Video:

Elliott Wave View: Russell 2000 (RTY) Surges to Record High, Launches Fresh Bull Cycle

Russell 2000 Futures (RTY) has broken to a new all‑time high, initiating a fresh bullish cycle. The rally from the March 30, 2026 low concluded with wave (1) at 2918.4. Afterward, the Index corrected in wave (2), which ended at 2728.3, as shown in the one‑hour chart. The internal subdivision of wave (2) unfolded as a double three Elliott Wave structure. From the peak of wave (1), wave W finished at 2807.9, while wave X ended at 2881.4. Wave Y then moved lower and completed at 2728.3, marking the end of wave (2) in higher degree.

With the correction complete, the Index resumed its advance and broke above the wave (1) high, confirming that wave (3) has begun. The rally from the wave (2) low is unfolding as a five‑wave impulse. Wave 1 of (3) is expected to finish soon. A pullback in wave 2 should then correct the cycle from the May 19, 2026 low in either three or seven swings before the rally resumes. In the near term, as long as the pivot at 2728.32 remains intact, pullbacks are likely to attract buyers in three or seven swings, supporting further upside.

Russell 2000 (RTY_F) 60-Minute Elliott Wave Chart

Attached Image (click to enlarge)

RTY_F Elliott Wave Video:

Inserted Video

Source: https://elliottwave-forecast.com/new...sh-bull-cycle/
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How to Trade Gold Using Elliott Wave – Expert Guide
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Gold has always been one of the most attractive assets for traders and investors. During periods of inflation, geopolitical uncertainty, banking instability, or weakness in the US Dollar, traders often rush toward gold as a safe-haven asset. This continuous flow of fear and greed creates strong price swings that make gold one of the best instruments for technical analysis.
However, gold is also highly volatile. Many traders lose money because they enter too early, trade emotionally, or fail to understand market cycles. This is where Elliott Wave Theory becomes extremely valuable.
Elliott Wave Theory helps traders understand how markets move in repeating cycles driven by human psychology. Instead of reacting emotionally to news headlines, traders can use wave structures, Fibonacci retracements, and trend analysis to identify high-probability trading opportunities in XAUUSD.
In this guide, we explain how to trade gold using Elliott Wave Theory, how to identify wave structures, how Fibonacci levels improve entries, and how professional traders analyze the gold market.
What Is Elliott Wave Theory?
Elliott Wave Theory is a form of technical analysis developed by Ralph Nelson Elliott. The theory states that financial markets move in repetitive patterns because investor psychology continuously shifts between optimism and pessimism.
According to Elliott Wave Theory, markets move in two primary phases: impulsive waves and corrective waves. Impulsive waves move in the direction of the main trend, while corrective waves move against the trend.
A bullish market typically forms a five-wave structure where Waves 1, 3, and 5 move upward, while Waves 2 and 4 act as pullbacks. After the five-wave cycle completes, the market usually enters a three-wave correction known as an ABC correction.
This repetitive structure appears across all financial markets, including stocks, forex, cryptocurrencies, commodities, and especially gold.
Gold responds particularly well to Elliott Wave analysis because its price movements are heavily influenced by fear, uncertainty, inflation expectations, and macroeconomic sentiment. These emotional drivers create clear market cycles that Elliott Wave traders can analyze.
Why Gold Works Well With Elliott Wave Analysis
Gold is not just another financial instrument. Unlike many equities, gold reacts directly to global sentiment, central bank policies, inflation data, and economic uncertainty. Because of this, gold often produces large impulsive trends followed by deep corrective pullbacks.
For example, during periods of rising inflation or geopolitical tension, investors often buy gold aggressively as a hedge against uncertainty. This creates powerful bullish impulsive waves. Once fear slows down or traders begin taking profits, gold enters corrective phases before the next trend begins.
These repeating cycles align naturally with Elliott Wave structures.
Another reason Elliott Wave works well on gold is because gold traders closely watch technical levels. Fibonacci retracement zones, support and resistance areas, and trend structures often become self-fulfilling due to the large number of participants reacting to the same levels.
This creates highly tradable setups for Elliott Wave traders.
Understanding Gold Market Psychology
Before trading gold successfully, it is important to understand what actually drives gold prices.
Gold generally rises when investors become fearful about the economy, inflation, geopolitical conflict, or currency weakness. If traders expect the Federal Reserve to cut interest rates or if the US Dollar weakens, gold often becomes attractive because it preserves value better during uncertainty.
On the other hand, gold stocks can decline when interest rates rise, bond yields increase, or investors shift toward riskier assets such as equities.
Elliott Wave Theory helps traders identify how these emotions are already being reflected in price action before major headlines become obvious to the public.
This is one of the biggest advantages of wave analysis. Instead of reacting late to news, traders can analyze the market structure itself.
How to Identify Elliott Wave Patterns in Gold
The first step in trading gold using Elliott Wave is identifying the larger market trend. Professional traders usually begin their analysis from higher timeframes such as the weekly and daily charts. This helps determine whether gold is currently trending higher, correcting lower, or moving sideways.
Once the primary trend becomes clear, traders begin looking for impulsive wave structures. In bullish conditions, gold often forms strong Wave 3 rallies characterized by momentum acceleration, large bullish candles, and aggressive buying pressure.
Wave 2 and Wave 4 typically act as corrective pullbacks. These corrections often retrace into Fibonacci support levels before the trend resumes higher.
For example, if gold rallies strongly from 2200 to 2400, traders may anticipate a corrective pullback into the 38.2%, 50%, or 61.8% Fibonacci retracement levels before the next bullish wave begins.
Corrective structures usually appear as ABC patterns, zigzags, flats, or triangles. Understanding these Elliott wave patterns allows traders to distinguish between temporary pullbacks and full trend reversals.
Using Fibonacci Levels in Gold Trading
Fibonacci retracement is one of the most important tools in Elliott Wave analysis. Since markets rarely move in straight lines, Fibonacci levels help traders identify potential reversal areas during pullbacks.
The most important Fibonacci retracement levels for gold trading include 38.2%, 50%, and 61.8%.
Gold frequently reacts strongly around these zones because institutional traders and algorithms also monitor them closely.
Suppose gold rallies from 2100 to 2400. Instead of chasing the price higher emotionally, an Elliott Wave trader waits for a corrective pullback into a Fibonacci support zone. If price begins stabilizing near the 50% or 61.8% retracement while momentum indicators show bullish divergence, traders may interpret this as a potential Wave 2 completion.
This structured approach improves timing and risk management significantly.
Fibonacci extensions are also useful for projecting profit targets. Wave 3 often extends toward the 1.618 Fibonacci extension, making it one of the most profitable phases for traders.
Best Timeframes for Trading Gold
Different timeframes serve different purposes in Elliott Wave analysis.
The weekly chart helps traders identify the long-term trend and major market cycles. The daily chart is ideal for swing trading and identifying major wave structures. Meanwhile, the 4-hour chart helps traders refine setups and improve trade timing.
For intraday traders, the 1-hour chart is commonly used to identify precise entries and stop-loss placements.
Most professional traders combine multiple timeframes together. They may identify the overall trend on the daily chart while executing entries on the 1-hour or 4-hour chart.
This multi-timeframe approach improves accuracy and prevents traders from trading against the dominant trend.
How to Trade XAUUSD Using Elliott Wave
A structured gold trading process usually begins with identifying the larger market direction. Traders first determine whether the higher timeframe trend is bullish or bearish.
Next, they analyze the wave count. If gold appears to be completing a corrective ABC structure near Fibonacci support, traders begin looking for confirmation signals.
Confirmation may include bullish engulfing candles, RSI divergence, trendline breaks, or increasing buying momentum.
Once confirmation appears, traders enter the trade while placing a stop-loss below the wave invalidation level.
Profit targets are then projected using Fibonacci extensions or previous highs.
This process removes emotional decision-making and replaces it with structured analysis.
Gold [4 June 2020]
Showed 5 swings incomplete sequence from the peak of wave (3). We expected another swing lower to reach the blue box before buyers entered the market again
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Gold [13 June 2020]
Gold found buyers in the blue box and rallied over $70 in the next few trading days allowing any traders who bought it in the blue box to move stop to entry level.
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Risk Management in Gold Trading
Gold is extremely volatile, which means risk management is critical.
Many traders fail because they overleverage positions or ignore stop-loss placement. Even the best Elliott Wave setup can fail under unexpected market conditions.
Professional traders usually risk only 1% to 2% of their account per trade. They also avoid emotional trading during major events such as FOMC meetings, inflation reports, or geopolitical headlines.
Stop losses should always be based on technical invalidation levels rather than random price distances.
A good trade setup is not just about potential profit. It is also about controlling downside risk.
Common Mistakes Traders Make
One of the biggest mistakes traders make is forcing wave counts onto unclear structures. Elliott Wave analysis requires flexibility. Markets do not always form perfect textbook patterns.
Another common mistake is ignoring higher timeframe direction. Traders often become too focused on short-term charts and accidentally trade against the larger trend.
Entering too early is another major issue. Many traders try predicting reversals before confirmation appears. Waiting for structure confirmation greatly improves accuracy.
Finally, poor risk management destroys many trading accounts. Even accurate analysis becomes useless without proper capital protection.
Combining Elliott Wave With Other Indicators
Although Elliott Wave Theory is powerful on its own, combining it with confirmation tools improves trading performance significantly.
The Relative Strength Index (RSI) helps traders identify momentum divergence and overbought or oversold conditions. MACD can help confirm trend acceleration and momentum shifts.
Support and resistance analysis also strengthens wave counts because gold often reacts strongly around key technical levels.
Volume analysis can further confirm impulsive wave structures. Strong bullish waves usually appear with rising momentum and increasing participation.
Combining these tools creates higher-confidence trading setups.
Final Thoughts
Gold remains one of the best markets for Elliott Wave traders because it consistently reflects human emotion, macroeconomic sentiment, and institutional positioning.
By understanding impulsive waves, corrective structures, Fibonacci retracements, and market psychology, traders can approach XAUUSD with far more confidence and structure.
Instead of reacting emotionally to headlines, Elliott Wave traders focus on market cycles and probability-based setups.

Buyers Likely to Support Nikkei Futures (NKD) Pullback, Eyeing 72,870 Extension

Nikkei Futures (NKD) continues to demonstrate remarkable strength as it extends into new all‑time highs, reinforcing the bullish sequence that began from the March 23, 2026 low. This upward momentum favors additional gains in the near term. From the March 23 low, wave 1 concluded at 63,880, followed by a corrective pullback in wave 2 that ended at 59,352. The internal subdivision of wave 2 unfolded as a zigzag, a common corrective structure, before the Index resumed higher. The decisive break above the wave 1 peak confirmed that wave 3 had begun, signaling continuation of the impulsive advance.

From wave 2, the initial leg wave (i) ended at 62,075, while the subsequent pullback in wave (ii) found support at 61,040. The rally extended further, with wave (iii) reaching 65,695, before a modest dip in wave (iv) concluded at 64,650. The final leg, wave (v), advanced to 66,520, completing wave ((i)) of a higher degree. At present, a corrective phase in wave ((ii)) is unfolding, designed to retrace the cycle from the May 20, 2026 low. This correction is expected to provide a healthy consolidation before the broader rally resumes.

In the near term, as long as the pivotal support at 59,352 remains intact, the pullback should ultimately find support within the typical 3, 7, or 11 swing sequence. Consequently, the broader outlook continues to favor further upside once the current consolidation completes, maintaining the bullish trajectory established since March.

Nikkei Futures (NKD) 60-Minute Elliott Wave Chart

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NKD_F Elliott Wave Video:

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Elliott Wave in Action: XME Secures Another Blue Box Win

In this technical blog, we will look at the past performance of the Daily Elliott Wave Charts of $XME. In which, the rally from July 2022 low ended in an impulse sequence & showed higher high sequence in weekly structure therefore, called for an extension higher to take place. We knew that the structure in XME should remain supported & extend higher. So, we advised members not to sell the ETF & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:
XME Daily Elliott Wave Chart From 3.22.2026


Here’s the Daily Elliott wave Chart from the 3.22.2026 Weekend update. In which, the rally to $135.68 high completed the cycle from July 2022 low & made a pullback against that cycle. The internals of that pullback unfolded as Elliott wave double three correction where wave w ended at $117.14 low. A rally to $126.45 high-ended wave x bounce. Then started the next leg lower in wave y towards $101.34- $85.31 blue box area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum.
XME Latest Daily Elliott Wave Chart From 5.24.2026
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This is the latest Daily Elliott wave Chart from 5.24.2026 Weekend update. In which the XME is showing a very strong reaction higher taking place, right after ending the double correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. However, a break above $135.68 high is needed to confirm the next leg higher targeting $146.57- $160.75 area minimum.
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$FCG Blue Box Area Offering Buying Opportunity After 7 Swing Pullback

In this Elliott Wave update, we look at the latest structure in the First Trust Natural Gas ETF ($FCG). The ETF has been showing a strong bullish sequence from the 2020 lows, where a double nest appears to have formed and helped launch the larger rally. More recently, FCG seems to have ended the cycle from April 2025 and has started a corrective pullback. However, the decline still looks corrective rather than impulsive. As a result, the ETF is now pulling back in 3 swings, and the Blue Box Area is standing out as the next buying opportunity.
FCG Built a Double Nest From the 2020 Lows
Looking at the weekly chart, $FCG formed an important base at the 2020 lows and then began to rally in a bullish impulsive structure. The price action from that low suggests a double nest, which is a bullish Elliott Wave setup that often leads to a strong extension higher.
That larger bullish structure helped support the rally into the 2022 high and then again into the more recent advance. Therefore, the bigger picture remains constructive, even though the ETF is currently correcting the latest cycle.
Cycle From April 2025 Appears Complete
From the April 2025 low, $FCG advanced in another bullish leg and eventually reached a meaningful peak in 2026. After that high, the ETF failed to extend immediately and turned lower in a corrective sequence.
This shift suggests the cycle from April 2025 has likely ended for now. Even so, the current move lower does not yet show the characteristics of a larger bearish trend. Instead, it looks like a correction within the broader bullish sequence from the 2020 low.
Pullback Is Unfolding in 3 Swings
At this stage, $FCG is not declining in a straight five-wave impulsive move. Instead, the structure points to a 3-swing correction, which is a common Elliott Wave pattern after a completed bullish cycle.
More specifically, the current decline is unfolding as a A-B-C structure. This is important because 3-swing pullbacks often end in extreme areas where selling pressure fades and buyers step back in. Therefore, the current weakness should be viewed as a corrective pullback rather than the start of a major bearish reversal.
Blue Box Area Offers Buying Opportunity
Most importantly, the Blue Box Area between 26.20 and 22.77 marks the next key support zone. This is where the 3-swing pullback can complete and where buyers are expected to appear.
Typically, Blue Box Areas represent high-frequency reaction zones where the market reaches an extreme in a corrective structure. In this case, if $FCG reaches that region, buyers can step in and trigger a reaction higher in line with the larger bullish trend.
For that reason, we do not like selling into the blue box. Instead, the preferred view is to watch that area for a buying opportunity as the correction matures.
Near-Term Outlook for $FCG
In the near term, the focus remains on the decline into 26.20–22.77. As long as the current move continues to unfold as a corrective structure, that area remains the next important support to watch.
Once the ETF reaches the blue box, a bounce can develop and confirm that buyers are defending the larger bullish sequence. That would fit the view that the pullback is only correcting the cycle from April 2025, while the bigger trend from the 2020 lows remains intact.
Meanwhile, the broader structure remains valid above the 3.73 invalidation level.
Technical Summary
To summarize, $FCG shows a bullish double nest from the 2020 lows and appears to have ended the cycle from April 2025. The ETF is now pulling back in a 3-swing correction, and the Blue Box Area at 26.20–22.77 stands out as the next buying opportunity.

Gold (XAUUSD) Price Action: Strong Elliott Wave Impulsive Reaction from Key Support Zone

The short‑term Elliott Wave view in Gold (XAUUSD) shows that the yellow metal has completed a three‑swing correction from the April 17, 2026 high. The pullback unfolded as a zigzag, with wave A ending at $4499.92 and wave B at $4773.58. Gold then declined in wave C to $4365.13, completing wave (2) as seen on the one‑hour chart. This level sits inside the key support zone, where wave C equals the 100%–161.8% Fibonacci extension of wave A. The broader support area spans $4137–$4380.

After testing this zone, Gold began a strong impulsive rally. The advance signals renewed momentum, but confirmation requires a break above the April 17 peak at $4890.97, which marked the end of wave (1). In the near term, wave (i) of the new cycle should finish soon. A corrective pullback in wave (ii) is expected, addressing the cycle from the May 28, 2026 low before the rally resumes. As long as the pivot at $4365.13 holds, pullbacks should attract buyers. These retracements are likely to form in three or seven swings, supporting further upside. The structure suggests Gold has shifted from correction to impulsive advance, with the support zone providing the base for the next bullish phase.

Spot Gold (XAUUSD) 60-Minute Elliott Wave Chart

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XAUUSD Elliott Wave Video:


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Amazon (AMZN) Perfect Reaction, But No Entry: Trading Setup Explained

Hello fellow traders. In this technical article, we are going to present Elliott Wave charts trading setup of Amazon (AMZN) Stock . The stock has recently completed a clean 3-wave pullback. Price action developed exactly as anticipated, but our entry was missed by less than $1. More precisely, the correction ended just $0.39 above our entry zone, highlighting the precision of the setup. In the following sections, we will break down the Elliott Wave structure in detail, explain the setup, and outline the target levels.
AMZN Elliott Wave 1 Hour Chart 05.15.2026
AMZN stock is currently developing a wave (2) pullback. From the 278.61 high, price action shows a clear sequence of incomplete swings, indicating that the correction remains in progress. We expect 3 waves bounce in ((b)) and another leg lower to complete the 7 swings structure.
The Blue Box buying zone stands at 254.8–244.9. We recommend that members avoid selling, as the broader trend remains firmly bullish. From this area, we anticipate at least a 3-wave bounce.
Once price reaches the 50% Fibonacci retracement against the red X connector, positions will be made risk-free by moving the stop-loss to breakeven while securing partial profits. The stop-loss is placed just below the 1.618 Fibonacci extension at 244.91.
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AMZN Elliott Wave 1 Hour Chart 05.28.2026
The stock delivered a bounce before extending lower into our anticipated Buying Zone. AMZN completed a clear 7-swing sequence, bottoming just $0.39 above our entry level. As a result, this setup did not trigger an entry. While we missed this particular trade, it is important to emphasize that missed opportunities are a normal part of the trading process. Not every setup will provide a perfect execution, even when the analysis is accurate.
At the same time, we continue to hold several well-positioned trades across other instruments, as shared with our members in the Live Trading Room. Our focus remains on consistently identifying high-probability setups rather than chasing every move.
We will continue to monitor AMZN closely and look for the next trading opportunity as the structure evolves.
Reminder for members: Our chat rooms in the membership area are available 24 hours a day, providing expert insights on market trends and Elliott Wave analysis. Don’t hesitate to reach out with any questions about the market, Elliott Wave patterns, or technical analysis. We’re here to help.
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PAAS Correction Concludes, Bullish Continuation Expected

Pan American Silver Corp. (PAAS) is one of the world’s largest primary silver producers, with a diversified portfolio of mines and exploration projects across the Americas. Headquartered in Vancouver, the company has built a reputation for operational scale and resource depth, producing not only silver but also significant volumes of gold and base metals. Its long history in the sector, combined with exposure to multiple jurisdictions, makes PAAS a key player in the precious metals market and a closely watched stock among investors seeking leverage to silver prices.
PAAS Monthly Elliott Wave Chart


Pan American Silver (PAAS) completed wave ((II)) of the Grand Supercycle at the $5.70 low, marking a significant long‑term pivot. From that base, the stock advanced in wave ((III)), reaching an all‑time high of $69.99. The subsequent pullback in wave (IV) is proposed complete at $45.94, aligning with the 38.2%–50% Fibonacci retracement of wave ((III)). The stock has since turned higher in wave (V), though a decisive break above the wave ((III)) peak at $69.99 remains necessary to fully invalidate the risk of a double correction.
PAAS Daily Elliott Wave Chart

Pan American Silver (PAAS) began its rally from the February 13, 2024 low in an impulsive structure. Wave I peaked at $27.47, followed by a wave II correction to $20.55. The stock then advanced in wave (III) to $42.57, with wave IV pulling back to $33.08. Wave V extended to $69.99, completing wave ((III)) of the higher degree. The subsequent wave (IV) correction bottomed at $45.94, and the stock has since turned higher in wave (V). From wave (IV), wave ((1)) ended at $60.56, with wave ((2)) pulling back to $50.51. The next advance carried wave (1) to $64.94, followed by a wave (2) retracement to $52.22. While price remains above $20.55, the expectation is for the stock to continue extending higher.
PAAS Elliott Wave Video

Riot Platforms Breaks Out Toward $30 Target

Riot Platforms Inc (NASDAQ: RIOT) stands as a key player in the crypto mining space. The stock has positioned itself for further growth. In this article, we explore the bullish Elliott Wave Structure behind RIOT’s upward trajectory. This analysis highlights potential advances and opportunities for investors.
Riot shows an incomplete bullish sequence from its February 2026 low. The stock managed to break above the 2025 peak of $23.90. Currently, it trades within wave (5) of ((3)). This cycle from the March 2026 low is entering its final phase. The target area sits at $28.20 – $30.40.
Therefore, Riot should soon end this regular impulse. Then, a corrective three-wave pullback in wave ((4)) will begin. We still expect bulls to support the following correction. They will look to buy it in 3, 7, or 11 swings. This will set up the next advance above $30, continuing the rally from 2026 lows.
RIOT 4 Hour Chart 6.1.2026
Conclusion

Riot Platforms maintains an active bullish trend. The stock appears ready for additional gains. Consequently, traders should focus on entry points during daily dips.
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