Royal Bank of Canada., (RY) operates as diversified financial service company worldwide. It operates through personal finance, commercial banking, wealth management & Insurance segments. It comes under Financial services sector & trades as “RY” ticker at NYSE. As discussed in the last article, RY extends impulse sequence against April-2025 low. Currently, it favors rally in 3 of (1) & expect next pullback to remain supported to see more upside. We like to buy the next correction in 3, 7 or 11 swings in (2) against April-2025 low.
RY – Elliott Wave Latest Weekly View:
It ended (II) at $49.55 low in March-2020 & favors rally in III of (III). It ended I at $119.41 high in January-2022 & II at $77.90 low in October-2023 low as 0.618 Fibonacci retracement. Within I, it ended ((1)) at $78.31 high, ((2)) at $67.78 low, ((3)) at $108.09 high, ((4)) at $98.00 low & ((5)) at $119.41 high. Within II pullback, it placed ((W)) at $83.63 low, ((X)) at $104.72 high & ((Y)) at $77.90 low as double correction. Above II low, it placed ((1)) at $128.05 high in December-2024 high & ((2)) at $106.10 as zigzag in April-2025. Within ((1)), it ended (1) at $102.07 high, (2) at $93.97 low, (3) at $126.96 high, (4) at $120.26 low & (5) at $128.05 high. Within ((2)) pullback, it placed (A) at $117.63 low, (B) at $124.35 high & (C) at $106.10 low.
RY – Elliott Wave View From 6.30.2025: 
Above ((2)) low, it favors rally in (1) of ((3)) & expect further upside before correcting in (2). Within (1), it ended 1 at $134.26 high, 2 at $127.38 low & favors rally in 3 of (1). It expects further upside 3 before it may start next pullback in 4, followed by final push to finish (1). It managed to erase the momentum divergence in RSI, indicates ((3)) in progress in October-2023 sequence. The current move is the part of ((3)) & expect rally to extend into $156.28 – $187.25 area. We like to buy every pullback in 3, 7 or 11 swings, when reach extreme area above April-2025 low. RY is not the part of regular service at EWF. But we provide time to time updates on instrument 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 our services for 14 days at $0.99. Also, you can check out the Educational section to learn Elliott wave theory & its application through different packages available & 1-1 coaching for doubts.
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