Short Term Elliott Wave View in FTSE index shows that the Index breaks to new all-time highs confirming the right side of the market remains bullish. The rally from 12.20.2024 low looks to be extending higher in an impulsive structure within wave 1. While pullback to 8002.28 low ended wave (4) as a triangle consolidation &…
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SPX Pullback Expected To Hold in 3, 7 Or 11 Swings
Short Term Elliott Wave view in S&P 500 ( SPX) suggests that rally to new all time high on 12.16.2024 at $6099.97 ended wave ((3)). Pullback in wave ((4)) is proposed complete at $5773.20 as the 1 hour chart below shows. Internal subdivision of wave ((4)) unfolded as Elliott wave double three structure. Down from wave ((3)), wave…
CAVA Group (CAVA) Favors Bounce Before Weakness
CAVA Group Inc (CAVA) owns & operate the chain of restaurants in the United States. Company offers dips, spreads & dressings through grocery stores. It also provides online & mobile ordering platforms. It comes under Consumer Cyclical sector & trades as “CAVA” ticker at NYSE. CAVA is showing impulse sequence from October-2023 low, which ended…
Consumer Staples ETF $XLP Blue Box Area Offers A Buying Opportunity
Hello everyone! In today’s article, we’ll examine the recent performance of Consumer Staples ETF ($XLP) through the lens of Elliott Wave Theory. We’ll review how the rally from the October 06, 2023, low unfolded as a 5-wave impulse and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. 5 Wave Impulse Structure…
Elliott Wave Forecast: AMD Declines After Completing Wave 4 Correction – What’s Next?
Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of AMD Stock published in members area of the website. As our followers know, the stock is showing incomplete sequences in the cycle from the 227.29 peak. Recently, we forecasted the end of the short-term bounce (Wave 4 red) and…
Elliott Wave Forecast: GOLD (XAUUSD) Forming 5 Waves from the 2656.3 Low
Hello fellow traders! In this technical article, we’ll be discussing GOLD (XAUUSD) and sharing some charts that we’ve presented to the members of ElliottWave-Forecast. As our members know, GOLD is showing higher high sequences in the cycle from the December 18th low, which suggests a further rally in the commodity. Recently, GOLD completed a 3-wave…
Elliott Wave View on DAX Nesting Higher in Impulsive Structure
Short Term Elliott Wave View in DAX shows that the Index breaks to new all-time high confirming the right side remains bullish. The rally from 11.19.2024 low looks to be nesting in an impulsive structure. Up from 11.19.2024 low, wave 1 ended at 20522.82 and pullback in wave 2 ended at 19649.87. The Index resumed…
Elliott Wave View: Amazon (AMZN) Impulsive Rally in Progress
Short Term Elliott Wave View in Amazon (AMZN) suggests rally to 233 on 12.16..2024 ended wave ((3)). The stock then pullback in wave ((4)) which unfolded as a double three Elliott Wave structure. Down from wave ((3)), wave (W) ended at 218.35 and wave (X) bounce ended at 230. Wave (Y) lower ended at 215.57…
Netflix Stock (NFLX): Elliott Wave Forecasting the Path After the Wave (4) Pullback
In this technical article we’re going to take a quick look at the Elliott Wave charts of Netflix Stock (NFLX) , published in members area of the website. As our members are aware, NFLX recently completed a correction against the 583.7 low. We saw a clear 3-wave pullback, wave (4), followed by the expected rally….
Robinhood (NASDAQ: HOOD) Extension in Wave III Above $50
Since our previous blog about Robinhood stock HOOD, the price tripled during a strong bullish upside move. Therefore, we’ll be looking at the daily Elliott Wave Structure and explain the current structure within the cycle. The recent daily rally started in August 2024, HOOD established an impulsive 5 waves structure to the upside within wave III. In addition, it exceeded…