NASDAQ (NQ_F) Archives - Elliott Wave Forecast

Elliott Wave View: Nasdaq Futures (NQ_F) Poised To Extend Higher

July 23, 2025 By EWFRaj

The Nasdaq Futures (NQ_F) favors higher in bullish impulse sequence from April-2025 low. It already broke above December-2024 high & expect short term pullback in 3, 7 or 11 swings to remain supported. Impulse sequence unfolds in 5, 9, 13, 17, 21….. swings count. It ended daily corrective pullback in double correction at 16460 low of 4.07.2025 low. On daily, it should rally extend in to 28864 – 26152 area to finish April cycle before next pullback start. Above there, it favors rally in (3) of ((1)). It placed (1) of ((1)) at 21858.75 high, (2) at 21071.50 low as shallow connector & favoring upside in 5 of (3) against 7.13.2025 low. Every pullback after 4.21.2025 low was shallow & unfolded in 3, 7 or 11 swings calling for more upside as long as it stays above 5.30.2025 low. Within (3), it ended 1 at 22222 high, 2 at 21566.75 low, 3 at 23102.50 high, 4 at 22803 low & favors upside in 5 of (3). Wave 4 as flat correction ended in 7.13.2025 low of 22803 low.

Below 3 of (3) high, it placed ((a)) at 22779.75 low, ((b)) at 23112 high & ((c)) at 22803 low as flat connector against 6.22.2025 low. Above there, it ended ((i)) at 23424.75 high as diagonal & ((ii)) at 23108 low in 3 swing pullback. Above there, it should continue rally in ((iii)) of 5, which will confirm above 23424.75 high to avoid double correction. Within ((i)), it placed (i) at 23222.75 high, (ii) at 22835.5 low, (iii) at 23320.75 high, (iv) at 23169.50 low & (v) at 23424.75 high. Currently, it favors two more highs in 5 of (3) in to 23493.5 – 23934.5 area, above 7.13.2025 low. Based on swing sequence, it already have enough number of swings in (3) to call the cycle completed. But as long as it stays above price trendline, passing through 2 & 4, it should continue upside in to extreme area. We like to buy the next pullback in 3, 7 or 11 swings at extreme area for intraday rally. It favors upside in April-2025 cycle & expected to remain supported in (4) & later in ((2)) pullback as next buying opportunity.

Nasdaq Futures (NQ_F) – 60-Minute Elliott Wave Technical Chart:

Nasdaq Futures (NQ_F) Elliott Wave Technical Video:

Micron Technology Inc (MU) Ended the Cycle from December 2022 Low

October 17, 2024 By EWFLuis

Micron Technology, Inc. (MU) designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.

MU Weekly Chart March 2023

As we see in the chart above, we ended an impulse as wave I at $96.96 high. Then, the market did an expanded flat correction (3-3-5) causing the price to drop to $48.43. We labelled this low as wave II. From here, we expected to continue the rally as long as the price stays above wave II. (If you want to learn more about flat corrections, please follow these links: Elliott Wave Education and Elliott Wave Theory).

MU Weekly Chart July 2024

In July, we adjusted the labels by calling (I) and (II) where waves I and II were on the chart a year ago. As you could see, MU hit the bottom and started a new bullish cycle breaking above $150.00. This generated a return of more than 200% of the capital. We called a wave III of (III) at $157.54 high and wave IV ended at $127.27 low. We expected to trade higher in wave V of (III) to reach the ideal zone of $164.83 – $176.47 where we should see a market reaction.

MU Weekly Chart October 2024

This is the latest update of Micron. Wave IV failed to withstand the market onslaught and broke below $127.27. This ended the cycle that started in December 2022 and we adjusted the movement as wave I of (III) ended at $157.57 high. MU did a bearish impulse ending at $84.12 low and we called it wave ((A)) of II. Currently, it is trading in the corrective wave ((B)). Wave (A) ended at $106.75 high. The correction ended wave (B) at $98.94 low. Now wave (C) has already started a new rally and we expect to reach the $130.03 – $149.15 area to culminate wave ((B)) and turn lower in ((C)). The idea is valid as long as the market stays below $157.57 or above $48.43. If the market breaks above wave I, then wave II is most likely over.

Elliott Wave Forecast

www.elliottwave-forecast.com updates one-hour charts 4 times a day and 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 24 hours chat room where we will help you with any questions about the market.

14 Days Trial costs $9.99 only. Cancel anytime at support@elliottwave-forecast.com

NASDAQ (NQ_F) Nice Reaction Higher From Blue Box Area

August 12, 2024 By Hassan Sheikh

In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of NASDAQ (NQ_F). We presented to members at the elliottwave-forecast. In which, the rally from the 13 October 2022 low unfolded as an impulse structure and showed a green right side tag. Suggested that the index should see more upside extension to complete the impulse sequence. Therefore, we advised members not to sell the index & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

NASDAQ (NQ_F) 4-Hour Elliott Wave Chart From 8.04.2024

Here’s the 4-hour Elliott wave chart from the 8.04.2024 Weekend update. In which, the short-term cycle from the 1.06.2023 low ended in wave ((3))) as impulse at $20988 high. Down from there, the index made a pullback in wave ((4)) to correct that cycle. The internals of that pullback unfolded as Elliott wave double three structure where wave (W) ended at $18725 low. Wave (X) bounce ended at $19717 high and wave (Y) managed to reach the blue box area at $17465- $16942. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

NASDAQ (NQ_F) Latest 4-Hour Elliott Wave Chart From 8.20.2024

This is the latest 4-hour Elliott wave Chart from the 8.20.2024 update. In which the index is showing a reaction higher taking place, right after ending the double 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 $20988 high is still needed to confirm the next extension higher & avoid double correction lower.

If you are looking for real-time analysis in NASDAQ (NQ_F) along with the other indices then join us with a 14-Day Trial for the latest updates & price action.

Success in trading requires proper risk and money management as well as an understanding of Elliott Wave theory, cycle analysis, and correlation. We have developed a very good trading strategy that defines the entry.

Stop loss and take profit levels with high accuracy and allow you to take a risk-free position, shortly after taking it by protecting your wallet. If you want to learn all about it and become a professional trader. Then join our service by taking a Trial.