Nasdaq Archives - Page 3 of 13 - Elliott Wave Forecast

Biotech Surge: XBI Ends Correction and Rallies as Expected

September 9, 2025 By EWFLuis

The SPDR S&P Biotech ETF (XBI) draws investors who seek high-risk, high-reward exposure to the biotech sector. In late 2025, investor sentiment remains cautiously optimistic. This reflects both strong opportunities and ongoing uncertainty. Analysts set a 12-month price target near $141.31. That suggests a 48% upside from current levels around $95. Technical indicators support this outlook. Twelve out of seventeen signal “Buy,” and none recommend “Sell.” Still, some analysts urge caution. XBI depends on clinical trials and faces unpredictable earnings. Its volatility requires careful planning and strong risk tolerance.

Financial growth prospects for XBI look promising. Macroeconomic trends and biotech advances shape its performance. The industry expects gains from rising healthcare spending and aging populations. Breakthroughs in personalized medicine also support long-term growth. Investors remain hopeful about gene editing, immunotherapy, and rare disease treatments. However, they must manage risks from regulation and market swings. XBI offers strong growth potential but demands patience and a strategic mindset.

Elliott Wave Structure: XBI Weekly Chart April 05th 2025

Months ago, we anticipated a correction in XBI. The market followed our forecast and confirmed both the expected decline and the reaction higher. Wave “a” formed a leading diagonal, ending at 86.40. Then, wave “b” peaked at 88.98, completing the corrective setup. Wave “c” of (II) triggered a strong decline into the 75.74–63.99 extreme zone for wave (II). We expected a response higher from this area to resume the rally. The Biotechnology sector reached this zone, validating our Elliott Wave analysis. Additionally, we noted that a break below 61.78 would open the path toward the 41.33–36.09 region.

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Elliott Wave Structure: XBI Weekly Chart September 09th 2025

In this latest update, we observe that wave (II) ended at the low of 66.66, right within the expected zone. The price then moved higher, aligning with our forecast. Currently, XBI trades at 94.98, delivering an impressive return of approximately 30%. We believe the price should continue rising to complete the impulsive structure as wave I. The final target for wave I remains uncertain, but we rely on the fractal structure to guide us. This helps us anticipate when a correction may begin, whether it unfolds in 3, 7, or even 11 swings, as part of wave II.

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Apple’s Reversal Play: AAPL Reacts Higher from Elliott Wave Blue Box

August 18, 2025 By Hassan Sheikh

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of Apple ticker symbol: AAPL. We presented to members at the elliottwave-forecast. In which, the rally from 09 April 2025 low is unfolding as an impulse structure. Showing a higher high sequence favored more upside extension to take place. Therefore, we advised members not to sell the stock & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

Apple 1-Hour Elliott Wave Chart From 8.15.2025

Here’s the 1-hour Elliott wave chart from the 8.15.2025 Midday update. In which, the cycle from the 01 August 2025 low ended in wave 3 at $235.12 high. Down from there, the stock made a pullback in wave 4 to correct that cycle. The internals of that pullback unfolded as Elliott wave zigzag structure where wave ((a)) ended at $230.85 low. Wave ((b)) bounce ended at $234.28 high & wave ((c)) was expected to reach the blue box area at $229.92- $227.24. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

Apple Latest 1-Hour Elliott Wave Chart From 8.18.2025

This is the latest 1-hour Elliott wave Chart from the 8.18.2025 Pre-Market update. In which the Apple is showing a reaction higher taking place, right after ending the zigzag 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 $235.12 high is still needed to confirm the next extension higher & avoid a double correction lower.

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Shopify (SHOP) Hits Target — 85% Profit Secured, Bulls in Control

August 11, 2025 By EWFLuis

Shopify Inc. (SHOP) continues to lead the e-commerce sector, with analysts maintaining a broadly optimistic outlook for 2025. The Ottawa-based company posted impressive financials, including a 31% year-over-year revenue increase and sustained double-digit free cash flow margins. After exiting the logistics business, Shopify refocused on its core software offerings—streamlining operations and boosting profitability. As a result, millions of merchants now rely on its platform for online sales, payments, marketing, and point-of-sale tools.

Shopify posted impressive results for the second quarter of 2025. To start, revenue rose 31% year-over-year, reaching $2.68 billion and beating forecasts by over $130 million. Next, net income jumped to $906 million, while earnings per share hit $0.35—well above expectations. In addition, gross merchandise volume climbed 29%, totaling $87.8 billion. As a result, free cash flow grew to $422 million, supported by a solid 16% margin. Thanks to strong demand for AI-powered tools and global merchant expansion, Shopify raised its Q3 outlook. Looking ahead, the company expects revenue growth in the mid-to-high twenties and continued margin strength. In turn, the stock surged more than 20%, showing strong investor confidence and confirming Shopify’s leadership in e-commerce

Meanwhile, analysts express cautious confidence. According to MarketBeat, 43 Wall Street analysts rate SHOP a “Moderate Buy,” with 24 buy ratings, 18 hold, and only 1 sell. The average price target stands at $148.51, reflecting Shopify’s consistent growth and expanding global merchant base. Although some warn of rising competition and macroeconomic uncertainty, most agree that Shopify’s innovation and operational discipline support long-term success.

Elliott Wave Outlook: SHOP Daily Chart April 2025

In April, we marked wave III’s completion at 129.38, followed by wave IV bottoming at 69.84. From this inflection point, our forecast anticipated a bullish continuation toward the 143.49–154.61 zone. This target aimed to complete wave V of (I), signaling potential resistance. However, price action broke through, challenging the assumption of wave (II) and confirming bullish control.

If you’re eager to dive deeper into Elliott Wave Theory and learn how its principles apply to market forecasting, you might find these resources helpful: and .

Elliott Wave Outlook: SHOP Daily Chart August 2025

In this Elliott Wave update, Shopify continues its rally, forming a clear impulsive structure. The earnings gap met resistance near 154.61, which we’ve labeled wave 3 of ((3)). Therefore, we expect further upside through waves 4s and 5s, until complete wave ((5)) of V. This move would finalize wave V of (I), setting the stage for a new correction. Ideally, wave V of (I) should end above 166.30. We do not like selling, just look for buying opportunities.

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QuantumScape (QS) Bottoms Out: Wave II Ends, Bullish Cycle Begins

July 20, 2025 By EWFLuis

QuantumScape (NYSE: QS) makes solid-state lithium-metal batteries to improve electric vehicles. Founded in 2010, the company works with Volkswagen to grow its production. It uses lithium metal instead of graphite to charge faster and store more energy. Its ceramic separator helps lithium plate directly, making batteries safer and stronger. QuantumScape owns over 600 patents and has enough funding to last through 2028. The company plans to start commercial production by 2026 and lead battery innovation in the future.

QuantumScape holds around $860 million in cash and reports no debt, ensuring funding through 2028. It invests heavily in R&D and manufacturing. Despite quarterly losses near $114 million, it maintains financial discipline. Investors remain optimistic, especially after launching its Cobra separator line. The company’s market cap exceeds $5.1 billion, reflecting strong belief in its future. As it moves toward commercial production by 2026, QuantumScape balances innovation with strategic financial planning.

QS Weekly Technical Analysis: March 2025 Outlook

As we said on March, the price action of QS shares broke a significant support level, indicating the continuation of a downward trend. Consequently, the bearish movement represented the final phase of QuantumScape’s decline. This breakdown set the stage for a new bullish trend to emerge. It also reflected rising investor uncertainty, which underscored the importance of monitoring key catalysts and fundamental shifts. These had the potential to ignite the anticipated upward momentum.

QS Weekly Technical Analysis: July 2025 Outlook

QuantumScape (QS) has completed a major pullback, marking the end of Wave II at the 3.40 low. After breaking above 9.52 and 13.86, the price signals the bearish cycle likely ended and an upward move has begun. Currently, the market appears to be forming an impulsive structure, labeled as Wave (1). It’s too early to confirm where Wave (1) will end, so stay alert and watch for the ideal chart pattern. After that, we expect a correction in 3, 7, or 11 swings to complete Wave (2) before another upward leg. This outlook remains valid as long as price stays above the 3.40 low.

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NASDAQ (NQ_F) Elliott Wave: Forecasting the Rally From the Equal Legs Zone

July 9, 2025 By EWF Vlada

Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of NASDAQ (NQ_F) published in members area of the website. As our members know, $NQ_F is forming impulsive bullish sequences in the cycle from the 16441.7 low. Recently, we forecasted the end of the short-term pull back and called for a further rally. In the following text, we’ll explain the Elliott Wave analysis and present target areas.

NQ_F Elliott Wave 1 Hour Chart 07.07.2025

NASDAQ is forming a three-wave pullback which still looks incomplete at the moment. Our members know that we can easily identify the reversal area by measuring the Equal Legs zone, (a) related (b), which comes in at the 22803.44-22664.02 area. We expect buyers to appear within the mentioned zone and to see a further rally in NASDAQ ($NQ_F) from there.

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NQ_F Elliott Wave 1 Hour Chart 07.07.2025

NASDAQ found buyers as expected at the Equal Legs area and has delivered a decent rally so far. The price broke toward new highs, confirming the next leg is already in progress.

Remember, the market is dynamic, and the presented view may have changed in the meantime. For the most recent charts and target levels, please refer to the membership area of the site. The best instruments to trade are those with incomplete bullish or bearish swing sequences. We put them in Sequence Report and best among them are presented in the Live Trading Room

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Micron (MU) Surges on AI Boom, Wave Count Confirms Rally

July 6, 2025 By EWFLuis

Micron Technology (MU) leads the memory and storage industry with advanced DRAM, NAND, and emerging memory technologies. Founded in 1978, it quickly became essential to smartphones, AI, automotive systems, and data centers. Moreover, Micron focuses on performance, energy efficiency, and scalable innovation. As a result, it empowers faster, smarter, and more secure digital solutions worldwide. Ultimately, Micron continues to shape the future of intelligent computing across industries.

Micron posted a record $9.3B in Q3 FY2025 revenue, fueled by strong AI-driven demand for DRAM and HBM memory. Net income hit $2.18B with EPS of $1.91, beating expectations. For Q4, the company projects up to $11B in revenue and EPS as high as $2.65. Backed by $12B in liquidity and a $200B U.S. investment plan, Micron is solidifying its role as a leader in next-gen semiconductor innovation.

Technically, MU has been trading above key moving averages, supported by strong volume and bullish momentum. The stock recently broke out of consolidation, confirming institutional interest and trend strength. However, with the Relative Strength Index (RSI) nearing overbought territory and price action approaching key Fibonacci levels, it’s an ideal moment to apply Elliott Wave analysis. This method helps us identify the current wave structure, assess whether the rally is impulsive or corrective, and anticipate potential reversal zones or continuation targets. By mapping out the wave count, we aim to align with the dominant trend while managing risk with precision.

MU Weekly Chart March 2025

The price broke below wave ((A)) low, which suggested wave ((B)) may be completed instead of wave (A). However, the ranging movement more likely indicated wave ((B)) was forming an expanding flat correction. We labeled wave (B) at the 83.54 low, and wave (C) was progressing as an impulse or an ending diagonal structure. The chart illustrates an upward impulse, targeting the 113.95–132.90 area for wave (C) and ((B)). Afterward, the market will likely react lower to continue wave ((C)) of II. On the other hand, if the market would break below wave (B), it would confirm the completion of wave ((B)) and the beginning of a downward wave ((C)).

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MU Weekly Chart July 2025

In this new weekly chart, we can see that the expected expanded flat did not materialize. Instead, the market broke below wave (B) at 83.54, confirming that wave ((B)) had already ended. This event coincided with the announcement of new international tariff changes by the United States. Wave ((B)) ended at 104.69, forming a triangular structure and initiating wave ((C)) of II. The market then experienced a sharp decline, reaching 61.54 and completing the correction on April 7. From that point forward, the price action turned decisively bullish, signaling the development of an impulsive advance.

Currently, we believe the stock is building wave (1), with price action entering wave 3 of (1). The structure suggests continued upward movement, although we expect some range-bound behavior as the market works toward completing the impulse. Ideally, wave 3 should reach the 132.82–137.41 zone, where we anticipate a potential bearish reaction that could mark the end of wave 3. Afterward, the market will likely remain in a consolidation phase before initiating a final rally to complete wave (1) and transition into a corrective phase.

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