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Bitcoin $BTCUSD Elliott Wave Analysis: Forecasting the Path

Hello traders. In this technical article we’re going to look at the Elliott Wave charts of Bitcoin (BTCUSD) published in members area of the website. As our members know, we have been calling for the decline in BTCUSD since last year. The crypto market has continued to trade lower as expected. The main target area has not been reached yet, and we believe further downside may be seen in the coming days.
In this discussion, we will break down the Elliott Wave forecast and present the target zone.
BTCUSD Elliott Wave 1 Hour Chart 06.05.2026
The current view suggests Bitcoin is developing impulsive bearish sequences, with wave ((v)) of wave 3 (red) nearing completion.
As our members know, the typical target area for wave ((v)) is projected using the 1.236–1.618 inverse Fibonacci extension of wave ((iv)). In this case, that zone comes in at 60,555–55,992. From this area, we expect a corrective three-wave bounce before the downside trend resumes.
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BTCUSD Elliott Wave 1 Hour Chart 06.10.2026

Bitcoin found buyers in the 60,555–55,992 area and made a three-wave bounce as expected. The overall view remains unchanged, with only a minor adjustment in wave counting.
At this stage, we consider wave ((iv)) completed at 64,200. While price remains below that high, we expect further downside within wave ((v)).
We will use the same approach to project the wave ((v)) target zone, based on the 1.236–1.618 inverse Fibonacci extension of wave ((iv)), which comes in at 58,020–56,080.
Important note: Our analysis is not based on Elliott Wave in isolation. We perform detailed higher-time-frame cycle analysis, which shows an incomplete market structure. This is one of the key drivers of price action, along with correlation analysis and broader market context.
We also teach our members in live analysis sessions how to identify incomplete bullish and bearish sequences. Even a 14-day trial, is enough to noticeably improve your trading analysis and forecasting approach.
Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts with target levels in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room

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ALGN Blue Box Support Could Launch Wave V to New Highs

Align Technology (NASDAQ: ALGN) continues to maintain a bullish Elliott Wave structure despite the sharp decline from its 2021 peak. The monthly chart suggests that the stock completed a major wave III advance near the 700 area before entering a large corrective phase. While the correction has lasted several years, the larger bullish cycle remains intact. Following the wave III peak, ALGN began a complex correction that appears to be unfolding as a double three structure. The decline has already completed wave ((W)) and a connecting wave ((X)), while the final leg, wave ((Y)), remains in progress.
The current Elliott Wave count suggests that wave IV is approaching an important support area. The projected blue box between 106.86 and 61.10 represents the 0.618–1.000 Fibonacci extension zone, which is a region where corrective structures often complete and buyers return. This area is considered a high-probability reversal zone. As the stock approaches this support region, we will be looking for signs that the correction is ending and a new bullish cycle is beginning.


From an Elliott Wave perspective, the ongoing decline appears to be the final phase of the larger wave IV correction. Once wave IV completes, the stock should begin wave V and resume the long-term uptrend. The projected path on the chart suggests a strong rally from the blue box area. We expect wave V to eventually break above the 2021 high and establish new all-time highs. This outlook aligns with the broader bullish structure that has been in place since the 2008 low.
As long as price remains above the long-term invalidation level at 4.88, the larger bullish count remains valid. We do not recommend selling and continue to favor buying pullbacks once the current correction reaches completion.
Conclusion
Align Technology remains in a long-term bullish Elliott Wave cycle despite the ongoing correction. Wave IV appears to be approaching completion within the 106.86–61.10 blue box support area. Once the correction ends, we expect wave V to begin and eventually push the stock to new all-time highs.
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Bitcoin (BTCUSD) Elliott Wave Count: Renewed Decline Approaches $41,400–52,200

The short-term Elliott Wave structure from the May 6, 2026 peak is developing as a clear five-wave impulse. From the May 6 high, wave ((i)) concluded at $74,192, followed by a corrective rally in wave ((ii)) that terminated at $78,000. After this retracement, the cryptocurrency resumed its decline in wave ((iii)), which itself unfolded as a smaller degree impulse. Within this sequence, wave (i) ended at $72,462, while wave (ii) produced a modest rally that finished at $74,223.

The downward momentum continued as Bitcoin advanced into wave (iii), reaching $61,310 before a corrective rally in wave (iv) ended at $64,687. Subsequently, wave (v) drove prices lower to $59,104, completing the larger wave ((iii)). A rebound then materialized, and wave ((iv)) is proposed to have concluded at $64,197. From that level, the cryptocurrency has resumed its descent, reinforcing the broader bearish structure.

Near term analysis suggests that as long as the pivot at $78,000 remains intact, rallies are expected to fail. Such rallies are likely to unfold in corrective sequences of three or seven swings, ultimately leading to further downside pressure. A potential downside target is projected through the 100%–123.6% Fibonacci extension measured from the October 6, 2025 high. This extension aligns with the $41,400–$52,200 price zone, an area where notable support may emerge.

Bitcoin (BTCUSD) 60-Minute Elliott Wave Chart

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Fundamental Analysis vs Technical Analysis: Key Differences, Pros, and How to Use Both



Every investor and trader faces the same challenge: determining where the market is likely to go next. To solve this problem, market participants typically rely on one of two approaches: fundamental analysis or technical analysis.
These methods have been used for decades by professional investors, traders, hedge funds, and financial institutions. While both aim to identify profitable opportunities, they approach the market from entirely different perspectives.
Fundamental analysis focuses on the intrinsic value of an asset by evaluating financial statements, earnings reports, economic conditions, and industry trends. Technical analysis focuses on price action, trading volume, and chart patterns to identify trends and potential entry and exit points.
The debate over which approach is superior has existed for years. However, many successful investors and traders understand that fundamental and technical analysis are not competitors-they are complementary tools that can provide a more complete picture of the market.
In this guide, we’ll explore how each method works, their key differences, advantages, limitations, and how combining both can improve your trading and investment results.
What Is Fundamental Analysis?
Fundamental analysis is the process of evaluating a financial asset by examining the economic, financial, and qualitative factors that influence its value.
The primary goal is to determine an asset’s intrinsic value and compare it with its current market price. If the market price is below the estimated intrinsic value, the asset may be considered undervalued. If it is trading above its intrinsic value, it may be overvalued.
Fundamental analysis is most commonly used for:

1. Stocks
2. ETFs
3. Bonds
4. Commodities
5. Currencies
6. Long-term investment portfolios

Unlike short-term trading methods, fundamental analysis focuses on understanding the actual worth of an investment rather than short-term price fluctuations.
Why Fundamental Analysis Matters
Market prices can be influenced by fear, greed, speculation, and short-term news events. Fundamental analysis helps investors look beyond market noise and focus on the underlying value of an asset.
For example, a company with strong earnings growth, low debt, healthy cash flow, and a competitive advantage may represent a valuable long-term investment even if its stock price temporarily declines.
This approach allows investors to identify opportunities before the broader market fully recognizes them.
Types of Fundamental Analysis
Fundamental analysis can generally be divided into two categories:
Quantitative Analysis
Quantitative analysis focuses on measurable financial data that helps investors assess a company’s financial strength, profitability, and overall performance. By examining financial statements and key metrics, investors can gain objective insights into how efficiently a business operates and whether it is financially healthy.
Some of the most commonly used quantitative indicators include Earnings Per Share (EPS), which measures the profit generated for each outstanding share; the Price-to-Earnings (P/E) ratio, which helps determine whether a stock is fairly valued relative to its earnings; and Return on Equity (ROE), which evaluates how effectively a company uses shareholder capital to generate profits. Investors also analyze the Debt-to-Equity (D/E) ratio to understand financial risk and leverage, as well as Free Cash Flow (FCF), which represents the cash remaining after operating expenses and capital expenditures have been paid. Companies with strong free cash flow often have greater flexibility to invest in growth initiatives, reduce debt, pay dividends, and withstand economic downturns.
Qualitative Analysis
Qualitative analysis focuses on factors that cannot be easily measured through financial statements or numerical data but can significantly influence a company’s long-term success. While quantitative analysis helps investors understand a company’s financial performance, qualitative analysis provides insight into the underlying strengths that drive future growth. Investors evaluate factors such as management quality, brand reputation, competitive advantages, corporate culture, and industry position. Strong leadership can shape strategic direction and profitability, while established brands often benefit from customer loyalty and pricing power. Similarly, companies with unique products, patented technologies, or dominant market positions may enjoy sustainable competitive advantages over their rivals. A healthy corporate culture can foster innovation, employee satisfaction, and operational excellence. By combining both qualitative and quantitative analysis, investors can develop a more complete understanding of a company’s true value and long-term growth potential.
Technical analysis becomes even more powerful when traders learn to recognize recurring market structures and patterns. Understanding Elliott Wave pattern recognition can help identify trend continuation and reversal opportunities with greater confidence.
The Three Core Components of Fundamental Analysis
Successful fundamental analysis typically consists of three layers:
1. Economic Analysis
Economic analysis focuses on evaluating the overall economic environment in which businesses and financial markets operate. Since economic conditions can significantly influence corporate performance, consumer behavior, and investor sentiment, understanding the broader economy is a crucial part of fundamental analysis. Investors examine key indicators such as interest rates, inflation, employment data, GDP growth, central bank policies, and consumer spending patterns to assess the health and direction of the economy. These factors often impact entire industries and asset classes, helping investors identify potential risks and opportunities before they are reflected in market prices. A strong economy generally supports business growth and higher corporate earnings, while economic slowdowns can create challenges for companies across multiple sectors.
2. Industry Analysis
Industry analysis examines the sector in which a company operates to understand the external factors that may influence its performance and future growth. Even the strongest companies can face challenges if their industry is experiencing declining demand, increased competition, or unfavorable regulations. Investors evaluate factors such as industry growth potential, the competitive landscape, market trends, regulatory requirements, and barriers to entry. Understanding these dynamics helps investors determine whether a company operates in a growing industry with long-term opportunities or in a sector facing structural challenges. By analyzing the broader industry environment, investors can better assess a company’s ability to maintain its competitive position and achieve sustainable growth over time.
3. Company Analysis
Company analysis is the most detailed and important component of fundamental analysis, as it focuses on evaluating the financial health, operational efficiency, and long-term growth potential of a specific business. Investors examine factors such as the company’s business model, revenue growth, profit margins, cash flow generation, debt levels, management effectiveness, and competitive advantages. They also assess future growth prospects, including expansion opportunities, product innovation, and market positioning. By thoroughly analyzing these areas, investors can gain a deeper understanding of a company’s strengths and weaknesses, determine whether it is financially sound, and identify opportunities that may offer attractive long-term returns.


What Is Technical Analysis?
Technical analysis is the study of price movements, trading volume, and market behavior to forecast future price action. Unlike fundamental analysis, which focuses on a company’s intrinsic value, technical analysis examines how market participants are interacting with an asset.
The core principle behind technical analysis is simple: all known information is already reflected in the price. By studying price action and historical patterns, traders attempt to identify opportunities before major market moves occur.
Technical analysis is widely used in:

1. Stocks
2. Forex
3. Commodities
4. Cryptocurrencies
5. Futures
6. Options markets

Because it focuses on market behavior rather than financial statements, technical analysis is especially popular among short-term and medium-term traders.
Learning technical analysis is easier when concepts are applied to real charts. Reviewing Elliott Wave analysis using real market setups can help traders better understand trend development, corrective structures, and potential reversal zones.
Why Traders Use Technical Analysis
Technical analysis helps traders answer one of the most important questions in the market:
When should I enter or exit a trade?
While fundamental analysis can help investors identify assets with strong long-term potential, technical analysis helps determine the most favorable time to enter or exit a trade. By studying price action, market trends, and trading volume, traders can gain valuable insights into market behavior and make more informed decisions. Technical analysis is commonly used to identify trends, locate key support and resistance levels, spot potential market reversals, determine entry and exit points, set stop-loss levels, establish profit targets, and measure momentum and volatility. As a result, it has become an essential tool for active traders seeking a structured approach to market timing, risk management, and trade execution.
The Core Principles of Technical Analysis
Most technical trading strategies are built around three key assumptions:
1. The Market Discounts Everything
Technical analysts believe that all available information-including economic data, earnings reports, news events, and investor sentiment-is already reflected in price.
Instead of analyzing every factor individually, traders focus on the final result: price action.
2. Price Trends Tend to Persist
Markets often move in trends rather than random directions.
An uptrend tends to remain in place until evidence suggests otherwise, while downtrends often continue until buyers regain control.
This principle forms the foundation of trend-following strategies.
3. History Often Repeats Itself
Human emotions such as fear, greed, optimism, and panic remain constant over time.
Because market psychology tends to repeat, similar chart patterns frequently appear across different markets and timeframes.
Common Chart Patterns Used in Technical Analysis
Chart patterns provide visual clues about market psychology and potential future price movements.
Some of the most widely used patterns include:
Continuation Patterns
These suggest the existing trend may continue.
Examples include:

1. Bull Flags
2. Bear Flags
3. Pennants
4. Rectangles

Reversal Patterns
These indicate a possible change in trend direction.
Examples include:

1. Head and Shoulders
2. Inverse Head and Shoulders
3. Double Tops
4. Double Bottoms

Triangle Patterns
Triangles often signal periods of consolidation before a significant breakout.
Common triangle formations include:

1. Ascending Triangle
2. Descending Triangle
3. Symmetrical Triangle

Understanding these patterns can help traders identify potential opportunities before major market moves occur.
Fundamental Analysis vs Technical Analysis
Although both methods seek to improve investment decisions, they differ significantly in their approach.
AspectFundamental AnalysisTechnical Analysis
Focus Intrinsic value and financial healthPrice action and market behavior
Data Used Financial statements, earnings, economic indicatorsPrice charts, volume, indicators
Time Horizon Long-termShort-term to medium-term
Primary Goal Determine fair valueIdentify trading opportunities
Decision Basis Company performanceMarket sentiment and trends
Common Users InvestorsTraders
Risk Management Less timing-focused Strong focus on entries and exits
Which Is Better: Fundamental or Technical Analysis?
The answer depends on your objectives.
If your goal is long-term investing, fundamental analysis can help identify quality assets with strong growth potential.
If your goal is active trading, technical analysis can provide valuable insights into timing, momentum, and market structure.
However, many experienced market participants combine technical analysis and fundamental analysis.
For example:

1. Use fundamental analysis to identify strong investment opportunities.
2. Use technical analysis to determine the best entry and exit points.

This combination often provides a more balanced and effective decision-making process.
How Elliott Wave Analysis Fits Into Technical Analysis
Elliott Wave Theory is a specialized form of technical analysis that focuses on recurring market cycles driven by investor psychology.
Rather than relying solely on traditional indicators, Elliott Wave practitioners analyze market structure through impulsive and corrective wave patterns.
This approach helps traders:

1. Identify trend direction
2. Anticipate corrective pullbacks
3. Forecast future price targets
4. Improve risk-to-reward opportunities

When combined with support and resistance levels, Fibonacci relationships, and market structure analysis, Elliott Wave can provide a powerful framework for understanding market behavior across multiple timeframes.
Top Fundamental Analysis Indicators
Fundamental investors rely on a variety of financial metrics to evaluate a company’s financial strength, profitability, and long-term growth potential. While no single indicator tells the entire story, using several metrics together can provide a clearer picture of a company’s true value.
Earnings Per Share (EPS)
Earnings Per Share measures how much profit a company generates for each outstanding share of stock. Consistent EPS growth often indicates a healthy and growing business.
Price-to-Earnings Ratio (P/E)
The P/E ratio compares a company’s stock price to its earnings per share. Investors commonly use this metric to determine whether a stock appears undervalued or overvalued relative to its earnings.
PEG Ratio (Price/Earnings to Growth)
The PEG ratio builds upon the P/E ratio by incorporating future earnings growth expectations. It provides a more complete view of valuation by considering both current earnings and projected growth.
Free Cash Flow (FCF)
Free Cash Flow represents the money remaining after a company covers its operating expenses and capital expenditures. Strong free cash flow often indicates financial stability and flexibility.
Price-to-Book Ratio (P/B)
The P/B ratio compares a company’s market value to its book value. It is particularly useful when evaluating asset-heavy businesses.
Return on Equity (ROE)
ROE measures how effectively management uses shareholders’ capital to generate profits. Higher ROE values generally indicate better operational efficiency.
Dividend Payout Ratio (DPR)
This ratio shows the percentage of earnings returned to shareholders through dividends. It can help investors evaluate dividend sustainability.
Price-to-Sales Ratio (P/S)
The P/S ratio compares a company’s market capitalization to its revenue and is particularly useful when evaluating growth companies that may not yet be profitable.
Dividend Yield
Dividend yield measures the annual dividend payment relative to the stock price. Income-focused investors often use this metric when selecting investments. Get to know the best dividend socks.
Debt-to-Equity Ratio (D/E)
The D/E ratio measures financial leverage by comparing debt to shareholder equity. Lower ratios often indicate lower financial risk, although acceptable levels vary by industry.
Top Technical Analysis Indicators
Technical traders use indicators to identify trends, momentum, volatility, and potential turning points in the market.
Moving Averages
Moving averages smooth price fluctuations and help traders identify the underlying trend direction. Common versions include the 50-day and 200-day moving averages.
Relative Strength Index (RSI)
RSI is a momentum indicator that measures the speed and magnitude of price changes. Readings above 70 often indicate overbought conditions, while readings below 30 may indicate oversold conditions.
MACD (Moving Average Convergence Divergence)
MACD combines trend-following and momentum analysis to identify potential buy and sell signals.
Bollinger Bands
Bollinger Bands measure market volatility and help traders identify potential breakout opportunities and overextended price movements.
Fibonacci Retracement
Fibonacci retracement levels help traders identify potential support and resistance zones during market corrections.
On-Balance Volume (OBV)
OBV tracks buying and selling pressure by combining price action with trading volume.
Accumulation/Distribution Line
This indicator helps determine whether institutional money is flowing into or out of a particular asset.
Stochastic Oscillator
The stochastic oscillator compares current price levels to recent trading ranges and helps identify momentum shifts.
Can Fundamental and Technical Analysis Be Used Together?
Absolutely.
One of the biggest mistakes investors make is treating fundamental and technical analysis as opposing strategies. In reality, many professional traders and investors use both methods together.
A common approach is:
Step 1: Use Fundamental Analysis
Identify companies or assets with strong fundamentals, healthy financials, competitive advantages, and long-term growth potential.
Step 2: Use Technical Analysis
Use chart patterns, market structure, support and resistance levels, and momentum indicators to identify optimal entry and exit points.
This combination allows investors to improve both asset selection and trade timing.
For example, an investor may discover a fundamentally strong company but wait for technical confirmation before entering a position. This approach can improve risk management and overall returns.
Frequently Asked Questions
What is the main difference between fundamental and technical analysis?
Fundamental analysis focuses on determining an asset’s intrinsic value by examining financial and economic factors. Technical analysis focuses on price action, volume, and market trends to identify trading opportunities.
Which is better for beginners?
Both approaches have value. Fundamental analysis is often easier for long-term investors to understand, while technical analysis may appeal more to active traders looking for precise entry and exit points.
Can technical analysis predict the future?
No analysis method can predict the future with certainty. Technical analysis helps traders identify probabilities and potential scenarios based on historical market behavior.
Is technical analysis useful for long-term investing?
Yes. Many long-term investors use technical analysis to improve entry timing and manage risk even when their investment decisions are based primarily on fundamentals.
Do professional traders use both methods?
Many hedge funds, institutional investors, and professional traders combine fundamental and technical analysis to gain a more comprehensive view of the market.
Where Does Elliott Wave Analysis Fit?
Elliott Wave Theory falls under technical analysis. It focuses on market structure, investor psychology, and recurring wave patterns to forecast potential future price movements.
Many traders combine Elliott Wave analysis with Fibonacci relationships, support and resistance levels, and other technical tools to improve market forecasts.
Conclusion
Fundamental analysis and technical analysis are two of the most widely used approaches for evaluating financial markets. While they differ significantly in methodology, both offer valuable insights.
Fundamental analysis helps investors determine whether an asset is worth owning by examining its intrinsic value, financial strength, and growth prospects. Technical analysis helps traders identify trends, momentum, support and resistance levels, and potential entry and exit opportunities.
Rather than choosing one approach over the other, many successful market participants use both. Fundamental analysis can identify high-quality opportunities, while technical analysis can improve timing and risk management.
The most effective strategy often combines the strengths of both methods. By understanding what to buy and when to buy it, investors can make more informed decisions and improve their long-term results.
Whether you’re a long-term investor, swing trader, or active market participant, developing a solid understanding of both fundamental and technical analysis can provide a significant advantage in today’s financial markets.

Elliott Wave View: WTI Crude Oil (CL) Eyeing Lower Range at $68–$73

WTI Light Crude Oil (CL) maintains a bearish sequence that began from the May 19, 2026 high. The decline from that peak produced wave 1 at $86.35, followed by a corrective rally in wave 2. This correction unfolded as a zigzag, with wave ((a)) ending at $94.78, wave ((b)) pulling back to $90.12, and wave ((c)) extending higher to $97.02. That move completed wave 2 at a higher degree. Afterward, Oil resumed its decline and broke below the termination of wave 1, confirming the bearish structure.

The downside projection is guided by the 100%–123.6% Fibonacci extension from the May 19 high. This extension aligns with the $68–$73 area, which now represents a potential support zone. From the wave 2 peak, wave ((i)) ended at $89.68, while wave ((ii)) rallied to $95.47. Oil then extended lower again, forming a nested sequence. Within this structure, wave (i) of ((iii)) ended at $85.95, and wave (ii) of ((iii)) rallied to $93.64. The market has since resumed its decline, keeping the bearish outlook intact.

Near term, as long as price remains below $97.02, rallies are expected to fail in either three or seven swings. This reinforces the probability of continued downside pressure. The technical view highlights the likelihood of Oil extending lower toward the $68–$73 zone, consistent with the broader bearish sequence.

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

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$NVDA Reacts Higher From Blue Box After 7 Swing Pullback

In this Elliott Wave update, we look at the latest structure in Nvidia Corp. ($NVDA). The stock pulled back in a 7-swing corrective structure and reached the blue box area at 205.93–187.94, where buyers were expected to appear. As anticipated, the stock reacted higher from that support zone. Therefore, buyers who entered in the blue box can now look to get risk free as the recovery continues to unfold.
5 Wave Impulse + 7 Swing WXY correction
$NVDA Pulled Back in 7 Swings

Looking at the 4-hour chart, $NVDA remained within a broader bullish sequence, but it needed a corrective pullback before the next leg higher could resume. That decline unfolded in a 7-swing structure, which is a common Elliott Wave correction and often ends in a high-frequency support zone.

Instead of showing a larger bearish breakdown, the stock developed a corrective move into the projected support area. As a result, the pullback was treated as a buying opportunity rather than a reason to chase the downside.
Blue Box Area Provided the Expected Support
Most importantly, $NVDA reached the blue box area between 205.93 and 187.94, where sellers were expected to lose control and buyers were expected to step in. That reaction is beginning to happen now.
Buyers Entered and Are Looking to Get Risk Free
Since the stock already reacted higher from the blue box, long positions from that area can now look to get risk free. In other words, traders can move stops to breakeven or reduce exposure while letting the position continue to develop.
This is one of the main advantages of the blue box strategy. Once the market delivers the expected reaction, risk can be reduced quickly while still allowing room for further upside.
Short-Term Outlook for $NVDA
In the short term, $NVDA can continue to extend higher as the bounce from the blue box develops. The latest structure suggests the stock has already started building higher from the reaction zone, which keeps the bullish sequence supported.
As long as $NVDA stays above the broader 163.50 invalidation area, the right side remains higher. Accordingly, pullbacks should continue to find support while the stock works through the next leg higher.
Technical Summary
To summarize, $NVDA pulled back in 7 swings and reached the blue box area at 205.93–187.94, where buyers entered as expected. The stock has started to react higher from that support zone, which means longs from the blue box can now look to get risk free.
As a result, the broader bullish sequence remains intact, and the market continues to respect the blue box as a high-probability buying area.

Platinum Elliott Wave View: Double Three Correction in Play

Platinum (PL) surged to fresh record highs in late January, marking a potential inflection point toward a long‑term secular bull market. This article explores the metal’s extended outlook and the evolving Elliott Wave framework that underpins its advance.
Platinum (PL) Monthly Elliott Wave Chart


The monthly Platinum chart highlights a decisive breakout into record territory, underscoring the strength of its long‑term bullish trend. The metal continues to track within a secular advance that began decades ago. The rally from January 1992 through the March 2008 peak established wave ((I)) at 2308.8, followed by a sharp zigzag correction down to 557, completing wave ((II)). From that base, Platinum resumed higher and has now extended into fresh highs with a clear impulsive profile.
From the wave ((II)) low, wave (I) terminated at 1348.2, while the subsequent retracement in wave (II) found support at 796.8. The advance in wave (III) unfolded into a five‑wave sequence of lesser degree. Within this structure, wave ((1)) topped at 1148.9, and the corrective dip in wave ((2)) ended at 843.1. Wave ((3)) is proposed complete at 2925. Current action reflects a pullback in wave ((4)), which still has room to extend lower before the broader uptrend resumes.
Platinum (PL) Daily Elliott Wave Chart


On the daily Platinum chart, the advance to 2925 is identified as the completion of wave ((3)). The market has since turned lower, with wave ((4)) unfolding and still capable of pressing further into the 1072–1334 zone. This area represents the 100%–161.8% Fibonacci extension of wave (W). The primary expectation remains for additional downside toward this target.
An alternate view considers the possibility of truncation, which would negate further weakness. That scenario gains weight only if Platinum decisively breaks above the bearish trend line drawn from the wave ((3)) peak, signaling that the correction has already ended and the next leg higher is underway.
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Elliott Wave View: Dow Futures (YM ) Breakout Signals Start of New Bullish Phase

Dow Futures (YM_F) ended their correction against the cycle from the March 30, 2026 low and extended higher. The rally from that low completed wave 1. The pullback in wave 2 unfolded as a zigzag Elliott Wave structure. Within this correction, wave ((a)) ended at 50624, wave ((b)) concluded at 51331, and wave ((c)) finished at 49865. This sequence confirmed the completion of wave 2 at a higher degree.

The Index has since resumed higher in wave 3. From the end of wave 2, wave (i) reached 51723, while the pullback in wave (ii) ended at 51230. The advance continued with wave (iii) finishing at 52380. The subsequent pullback in wave (iv) is proposed complete at 52080. Near term, expectations favor another leg higher in wave (v). That move should complete wave ((i)) of the larger degree. Afterward, a corrective phase in wave ((ii)) is anticipated. This correction will address the cycle from the June 11, 2026 low before the broader rally resumes.

As long as price remains above 49865, pullbacks should attract buyers. Corrective phases are expected to resolve within 3, 7, or 11 swings. This reinforces the bullish outlook and supports further upside potential.

Dow Futures (YM_F) 60-Minute Elliott Wave Chart

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Top 10 Tech Stocks to Watch in 2026



Technology remains the engine of global growth, and in 2026, a handful of companies dominate innovation, market capitalization, and investor attention. From mega-cap leaders shaping the S&P 500 to emerging players in AI and quantum computing, these stocks define the future of tech. in Group 3 at Elliott Wave Forecast, we’re fortunate to track most of these leading tech stocks in real time.

1. Apple Inc. (AAPL)

Apple continues to reinvent consumer technology. The AI-driven iPhone upgrade cycle and double-digit growth in services revenue (App Store, iCloud, Apple Music) keep it at the forefront. With a market cap near $4.5 trillion, Apple remains a cornerstone of tech portfolios.

1. Microsoft Corp. (MSFT)

Microsoft’s strength lies in enterprise dominance. Azure AI is expanding at 20%+ growth, while Copilot integration across Office and Teams reshapes productivity. Its $3.2 trillion valuation reflects unmatched scale in cloud and software.

1. Amazon.com Inc. (AMZN)

AWS remains the backbone of global cloud infrastructure, now enhanced by AI services. Meanwhile, Amazon’s advertising business has surged past $60 billion annually, diversifying revenue beyond e-commerce.

1. Alphabet Inc. (GOOGL)

Google’s Gemini AI drives both search and cloud adoption. With 75% of its code now AI-generated, Alphabet is redefining efficiency. Its $2.1 trillion market cap underscores its dominance in digital ads and AI innovation.

1. NVIDIA Corp. (NVDA)

The undisputed leader in AI hardware. NVIDIA’s Blackwell GPUs dominate inference workloads, with revenue growth exceeding 70% year-over-year. Its chips are the backbone of every major AI model deployment.

1. Meta Platforms (META)

Meta’s AI-powered advertising engine continues to deliver precision targeting. Reality Labs, though costly, positions Meta at the frontier of VR/AR and metaverse adoption. Its $1.1 trillion valuation reflects resilience despite cyclical ad markets.

1. Dell Technologies (DELL)

Dell has transformed into an AI infrastructure powerhouse. With EPS growth near 95%, its AI server demand is surging, making it a critical supplier to hyperscale data centers

1. SanDisk Corp. (SNDK)

SanDisk’s flash storage solutions are essential for AI workloads. EPS growth of nearly 400% highlights its pivotal role in data storage expansion.

1. IONQ Inc. (IONQ)

Quantum computing is no longer science fiction. IONQ leads with trapped-ion quantum systems, posting EPS growth of 166%. While speculative, it represents the next frontier of computing.

1. Pure Storage Inc. (PSTG)

Pure Storage delivers cloud-native storage solutions, expanding partnerships with hyperscalers. EPS growth of 75% reflects strong demand for scalable, AI-ready infrastructure.
Advantages behind investing in Tech Stocks
Strong Growth Drivers

1. AI Integration: Apple, Microsoft, Amazon, Alphabet, and NVIDIA are embedding AI into products and services, unlocking new revenue streams.
2. Cloud Expansion: AWS (Amazon) and Azure (Microsoft) dominate enterprise cloud adoption, with double‑digit growth rates.
3. Hardware Demand: Dell, SanDisk, and Pure Storage benefit from surging demand for servers and storage powering AI workloads.

Market Leadership

1. S&P 500 Influence: Mega‑caps like Apple, Microsoft, Amazon, Alphabet, NVIDIA, and Meta collectively represent over 30% of the index weight, meaning their performance drives global markets.
2. Global Reach: These companies operate across continents, ensuring diversified revenue streams and reduced geographic risk.

Innovation Edge

1. Consumer Tech: Apple’s AI‑driven iPhone cycle and services growth keep it ahead in consumer ecosystems.
2. Frontier Computing: IONQ offers speculative but transformative quantum computing potential.
3. VR/AR Adoption: Meta pushes immersive technologies, positioning for long‑term metaverse growth.

Stability & Resilience

1. Cash Reserves: Mega‑caps hold massive balance sheets, cushioning against downturns.
2. Recurring Revenue: Subscription models (Apple services, Microsoft Copilot, Amazon Prime) provide predictable cash flows.
3. Diversification

Disadvantages of Investing in Top Tech Stocks

1. Valuation Risk

1. Many of these companies trade at premium multiples (Apple ~28x, Amazon ~40x forward P/E).
2. High valuations mean limited margin of safety — even small earnings misses can trigger sharp selloffs.

1. Regulatory Pressure

1. Antitrust scrutiny on Apple’s App Store, Google’s ad dominance, and Meta’s data practices could lead to fines, restrictions, or forced structural changes.
2. Governments worldwide are tightening rules on AI, privacy, and monopolistic behavior.

1. Supply Chain Bottlenecks

1. Semiconductor shortages (impacting NVIDIA, Dell, SanDisk, TSMC) can constrain growth.
2. Geopolitical risks in Taiwan and China add uncertainty to chip production.

1. Cyclical Exposure

1. Advertising-driven businesses (Alphabet, Meta) are vulnerable to economic downturns.
2. Consumer demand for devices (Apple, Dell) can weaken in recessions.

1. Concentration Risk

1. These mega-cap stocks dominate the S&P 500. Overexposure means portfolios may lack diversification.
2. If tech underperforms, the broader market often follows.

1. Innovation Pressure

1. Constant need to innovate creates execution risk.
2. Quantum computing (IONQ) and metaverse (Meta) are speculative bets — high potential but uncertain profitability.

Risks to Consider

1. Valuation Stretch: Forward P/E ratios are elevated, requiring sustained growth to justify.
2. Regulatory Pressure: Antitrust scrutiny could impact Apple and Google.
3. Supply Chain Constraints: Semiconductor bottlenecks may limit NVIDIA, Dell, and SanDisk.
4. Cyclical Exposure: Advertising-driven businesses (Alphabet, Meta) remain vulnerable to downturns.

Final Thought
The advantages of investing in the Top 10 Tech Stocks in 2026 lie in their unique combination of scale, innovation, and resilience. They not only dominate current markets but also shape the future of AI, cloud, and quantum computing. For investors, these stocks provide both growth opportunities and portfolio stability — a rare balance in today’s fast‑changing environment.
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TASI All Share Index Maintains Sideways Correction

The Tadawul All Share Index (TASI) is the benchmark of the Saudi Exchange, tracking the performance of all listed companies on its main market. Established in 1985, it reflects the overall health of Saudi Arabia’s equity market and is closely followed by regional and global investors. Calculated using free‑float market capitalization, TASI spans diverse sectors including energy, banking, petrochemicals, telecom, and real estate. Its movements are strongly influenced by oil prices and heavyweight listings such as Saudi Aramco, making it a key barometer of both local sentiment and broader economic trends.
TASI Latest Elliott Wave Monthly Chart From 6.16.2026


The latest chart highlights the long‑term cycle from the 2009 low, unfolding with overlapping corrective price action. This supports the idea of a leading diagonal structure:

1. Wave I ended in three swings at the 11,159 level.
2. Wave II retraced in another three swings to the 5,327 low.
3. A rally to 13,949 marked the end of Wave III.
4. Below that peak, TASI continues to consolidate within the Wave IV pullback.

Internally, the correction appears to be forming a 7‑swing structure:

1. Wave ((W)) ended at 9,930.
2. A bounce to 12,883 completed Wave ((X)).
3. As long as price stays below 12,883, the index can extend lower in Wave ((Y)) toward the 8,831–6,332 extreme area to complete its weekly correction.
4. A decisive break below 9,930 would confirm the next leg lower.

Trading Insight
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MRVL Targets $400: Elliott Wave III Expansion Signals Powerful Upside Move

Marvell Technology, Inc., (MRVL) provides data infrastructure semiconductor solutions & spanning data center core to network edge in the US & internationally. It comes under Technology – Semiconductors & trades as “MRVL” at Nasdaq.
MRVL is bullish impulse in daily & continue higher against 6.09.2026 low. The buyers can look for rally targeting $362.7 – $400.09 area to extend April-2025 rally in III sequence.
MRVL – Elliott Wave Latest Daily View:

Since inception, it ended I in proposed diagonal I at $127.48 high in January-2025 & II at $47.09 low in April-2025. Currently, it favors rally in III towards $362.7 or higher. It placed ((1)) of III at $102.77 high, ((2)) at $70.69 low, ((3)) at $339.6 high, ((4)) at $242 low & favors rally in ((5)). Within ((1)), it ended (1) at $85.27 high, (2) at $61.44 low, (3) at $94.66 high, (4) at $73.62 low & (5) at $102.77 high. Within ((3)), it placed (1) at $83.78 high, (2) at $75.24 low, (3) at $218.26 high, (4) at $194.7 low & (5) at $339.6 high.
MRVL – Elliott Wave Latest 2-Hour View:

The buyers can look for rally targeting $362.7 – $400.09 area to extend June-2026 rally in ((5)) to end III. Short term pullback in 3, 7 or 11 swings will remain supported above 6.09.2026 low to extend higher. Currently, it favors rally in 3 of (1) & expect few highs before correcting in wave (2). Buyers can wait for entering the longs in (2) in extremes against 6.09.2026 low. Also, buyers can get another opportunity later in IV extremes, once III ends within April-2025 cycle. Do not recommend selling in any pullback. Buyers also can enter next extreme area in double correction, if it breaks below 6.09.2026 low without new high.
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EURUSD : Moved Lower and Banked +45 Pips +3%

On June 10 2026 I posted on social media @AidanFX the EURUSD sell entry chart with stop loss and targets.
EURUSD 1 Hour Chart June 10 2026 (Sell Entry)
EURUSD moves lower and on June 11 2026 price hits the 3R target at 1.1519 from 1.1564 and I closed the sell trade for +45 pips (+3% gain risking 1% on every trade)
EURUSD 1 Hour Chart June 11 2026 (Targets Hit/Trade Closed)
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 Forecast: Gold (XAUUSD) Impulsive Structure Supports Bullish Continuation

Gold (XAUUSD) has completed its cycle from the April 17 peak and is now positioned for a corrective rally in three waves. The decline from that peak ended at $4025, which marked the completion of wave ((W)). From this low, the market began a corrective phase in wave ((X)), unfolding as a zigzag structure. Within this formation, wave (A) is developing as a five‑wave impulse, providing the initial leg of the correction.

From the June 11 low at wave ((W)), the first impulse wave advanced to $4118.14. A pullback in wave 2 followed, reaching $4051.88. The metal then resumed its upward trajectory, with wave 3 extending sharply to $4369.45. A subsequent retracement in wave 4 found support at $4305.21. The expectation is for gold to continue higher in wave 5, thereby completing wave (A) of the zigzag. Once this advance is complete, the market should enter wave (B), correcting the cycle from the June 11 low before resuming its rally in wave (C).

In the near term, the structural pivot at $4025 remains critical. As long as this level holds, dips are anticipated to find support within the typical three, seven, or eleven swing sequences. This framework suggests that corrective pullbacks will likely provide opportunities for renewed strength. The overall pattern highlights resilience above the $4025 low and maintains a constructive outlook for gold in the short to medium term. The sequence of waves continues to reinforce the bullish bias, with each retracement offering potential for continuation.

Spot Gold (XAUUSD) 60-Minute Elliott Wave Chart

Attached Image (click to enlarge)

XAUUSD Elliott Wave Video

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Source: https://elliottwave-forecast.com/new...-continuation/
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