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Carvana Co (CVNA) Kicks Off a Fresh Bullish Cycle

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Carvana Co (NYSE: CVNA) has rebounded impressively over the past 2 years after a 98% decline between 2021 and 2022. The stock recovered most of its losses, forming a strong impulsive structure that signals further upside potential. With a continuation pattern in place, CVNA appears poised to challenge new all-time highs. This article delves into Elliott Wave analysis, uncovering bullish formations that could appeal to both investors and traders.

CVNA Weekly Chart

Carvana CVNA Weekly Chart

Elliott Wave Analysis

The weekly chart of CVNA illustrates an impulsive 5-wave move from the wave ((II)) low at $3.62. The stock surged 8000%, completing wave (I) at $292, followed by a 3-wave corrective pullback in wave ((II)), bottoming at $142.
Subsequently, CVNA initiated its next bullish phase in wave (III), aiming to break above the February 2025 peak to confirm its upward structure. Most importantly, if the stock establishes a bullish sequence, the next leg targets the Fibonacci extension range of $437 – $505. Consequently, this signals sustained bullish momentum toward new all-time highs.

Conclusion

The bullish Super Cycle for CVNA remains in progress, presenting opportunities to buy daily and weekly corrective pullbacks using our Elliott Wave strategy. The preferred approach is to enter positions after the stock completes a 3, 7, or 11 swing sequence from its peak. Additionally, utilizing our extreme Blue Box system refines entry points, providing clarity and precision in trading decisions. Explore our system to gain deeper insights into this methodology.

 

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Netflix Stock (NFLX): Elliott Wave Forecasting the Path After the Wave (4) Pullback

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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. In this post, we will explain the Elliott Wave count in detail.

NFLX 1-Hour Chart Analysis: January 19, 2025

The current view suggests that Netflix stock completed a 3-wave pullback from the peak to the low, labeled as wave (4) blue. A rally followed from this low, appearing impulsive. We have labeled this short-term cycle as wave ((i)) black, marking the start of a new bullish cycle. We expect Netflix stock to continue attracting intraday buyers in 3, 7, and 11 swings, as long as the price stays above ((ii)), and more importantly, above the (4) blue low of 823.5.

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NFLX 1-hour Elliott Wave chart showing wave (4) completion

NFLX 1-hour chart showing completed wave (4) correction and new bullish cycle

NFLX 1-Hour Post-Market Update: January 21, 2025

Netflix held above the 823.5 low as expected and made a sharp rally toward new highs. The structure from the 823.5 low looks impulsive. We believe this rally is wave ((iii)) of 3, known among Elliott Wave practitioners as the strongest wave. At some point, we expect a 3-wave pullback in wave 4 (red), which should present new buying opportunities.

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NFLX 1-hour post-market chart showing impulsive rally

NFLX post-market update confirming impulsive wave ((iii)) progression

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