Stock Analysis Archives - Elliott Wave Forecast

Navigating the Coinbase (COIN) Sell-Off: $150 Target in Sight

November 21, 2025 By EWFAyoub

Coinbase (NASDAQ: COIN) has plummeted 46% from its peak. This sharp decline mirrors a broader sell-off gripping both crypto and equity markets. The convergence of these downturns creates a critical technical juncture for the stock.

Today, we will dissect the Elliott Wave correction currently in progress. Our analysis establishes a clear potential path for the stock over the coming months, providing a strategic roadmap for traders navigating this volatility..

Elliott Wave Analysis

A clear positive correlation links Bitcoin and COIN. Both assets consistently share major highs and lows. Consequently, we expect this relationship to continue during the current downturn. Furthermore, Bitcoin now approaches its April 2025 low. It will likely retest the September 2024 low next. Therefore, COIN should follow this same path. This alignment targets the $150 area for Coinbase.

Coinbase Vs Bitcoin

The COIN weekly chart shows a higher high sequence after July’s all-time highs. Since then, a larger degree pullback has started. This correction aims to correct the five-wave advance from the January 2023 low.

The pullback is unfolding as a three-wave zigzag structure. Wave ((A)) ended at $291 on August 20, 2025. Subsequently, wave ((B)) bounced to $402 by October 10, 2025. Currently, wave ((C)) is progressing and has entered the $249 equal legs area.

However, Bitcoin’s suggested correction implies further COIN weakness. Therefore, we expect a move toward the $154 Fibonacci 1.618 extension into next year. This projected low should complete wave II and setup the next major rally.

COIN Weekly Chart 11.21.2025

Conclusion

COIN is undergoing a necessary weekly correction, setting up a strategic investment opportunity for next year. You can precisely time your entry into this and other trades using our Elliott Wave strategy. Our methodology identifies optimal entries after a 3, 7, or 11-swing correction completes. Furthermore, our proprietary Blue Box system pinpoints high-probability reversal zones with clarity and confidence.

You can master this disciplined approach with a 14-day trial. Explore a wide range of Stocks & ETFs and learn to trade our Blue Boxes. Gain full access to 78 instruments across 4 time frames, daily Live Trading & Analysis Sessions, and 24-hour chat support. Position yourself to capture the next major bullish leg.

Explore our system to gain deeper insights into this methodology.

Progressive Corp (PGR) Eyes Strong Upside Beyond $300

May 15, 2025 By EWFAyoub

Progressive Corporation (NYSE: PGR), a leading American insurer, ranks second in U.S. auto insurance. The stock price surged over the past two years as the company’s growth accelerated. Moreover, PGR looks ready to challenge new all-time highs. This article explores Elliott Wave analysis, highlighting bullish patterns that could attract both investors and traders.

PGR Daily Chart

Elliott Wave Analysis

The daily chart of PGR highlights an impulsive advance, with the recent peak marking wave (III) low at $292.99. The stock then completed a 3-wave pullback in wave (IV), bottoming at $247.98. From there, it resumed its upward trajectory, aiming to establish a new advance in wave I of (V).
However, PGR must break above its March 2025 peak to confirm the higher-high sequence and sustain its bullish trend. This breakout would unlock further upside potential, targeting the $303 – $320 range.
Until that occurs, the possibility of a double three correction in wave (IV) remains. Consequently, we recommend buyers either wait for a wave II pullback in 3, 7, or 11 swings or consider entering long positions if a double correction materializes, targeting the next extreme area at $242 – $214.

Conclusion

The bullish Super Cycle for PGR continues, offering opportunities to buy daily and weekly corrective pullbacks using our Elliott Wave strategy. The ideal entry involves waiting for the stock to complete a 3, 7, or 11 swing sequence from its peak. Moreover, our extreme Blue Box system enhances precision, helping traders identify optimal entry points with clarity and confidence.
Explore our system to gain deeper insights into this methodology.

Unlock the power of Stocks & ETFs investing with our Exclusive 14-Day Trial!

✅ Master Blue Box trading using the 3, 7, or 11 swing sequence
✅ Access 78 instruments analyzed across four time frames
✅ Join live trading & analysis sessions hosted daily by expert analysts
✅ Enjoy 24-hour chat support and much more

Don’t miss this chance to refine your strategy and gain fresh insights. Start your journey today!

DexCom Inc (DXCM): Forecasting Trends & Key Levels In Double Correction

April 1, 2025 By EWFRaj

DexCom Inc., (DXCM) prominent player in the healthcare sector, specializes in continuous glucose monitoring systems, helping improve diabetes management. Listed on Nasdaq under the ticker “DXCM,” the company operates on a global scale.

This stock reflects a notable trading pattern, with anticipated market movements providing insights for investors. From a technical perspective, DXCM has been navigating a double three correction pattern since its November 2021 peak.

DXCM – Elliott Wave Latest Weekly View:

The company’s grand super cycle ((I)) reached its zenith at $164.86, marking a high from its all-time low. Following this, the stock has exhibited a corrective wave ((II)), forecasting a gradual decline against the March-2024 high. Within wave ((I)), various smaller waves, such as (w), (x), & (y), have contributed to its dynamic movement. The stock recently broke below the (w) low, suggesting continued weakness towards $44.11 or lower levels—a critical point for investors.

Elliott Wave pattern suggest short-term strategies, such as selling during rebounds in three, seven, or eleven swings, as long as the stock remains below February-2025 high of $93.25, once it breaks below $62.34 low. Alternatively, if the stock surpasses $93.25 while holding above July-2024 low, a potential double correction could manifest. For long-term investments, the next blue box area in wave y might offer opportunities when the stock approaches this zone in the weekly chart. Navigating DXCM’s technical patterns demands careful observation & a strategic approach for investors aiming to capitalize on potential market movements.

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 us for 14 days for only $9.99.