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Gold Miners (GDX) Buying the Dips at the Blue Box Area

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As our members know we have had many profitable trading setups recently.   In this technical article, we are going to present another Elliott Wave trading setup we got in Gold Miners ETF GDX . The ETF  completed its correction precisely at the Equal Legs zone, referred to as the Blue Box Area. In the following sections, we will delve into the specifics of the Elliott Wave pattern and explain trading setup.

GDX Elliott Wave 1  Hour  Chart 05.12.2025

The current analysis suggests that GDX is doing a correction that is having a form of Elliott Wave Zig Zag Pattern. The pull back is incomplete at the moment, we expect more short term weakness . We anticipate an extension toward the extreme zone at 44.86-40.83 area, where we are looking to re-enter as buyers.

We recommend members to avoid selling GDX. As the main trend remains bullish, we anticipate at least a 3-wave bounce from this Blue Box area. Once the price touches the 50 fibs against the B red connector, we’ll make positions risk-free and set the stop loss at breakeven and book partial profits. On other hand, breaking below the 1.618 Fibonacci extension level at 40.83 would invalidate the trade.

90% of traders fail because they don’t understand market patterns. Are you in the top 10%? Test yourself with this advanced Elliott Wave Test

Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.

Quick reminder on how to trade our charts :

Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable. 🚫

GDX

GDX Elliott Wave 1  Hour  Chart 04.21.2025

The ETF extended lower into the Blue Box area and found buyers, just as expected. GDX has made a solid rally from our Buying Zone. As a result, any long positions entered at the Blue Box are now risk-free. We’ve moved our stop loss to breakeven and already booked partial profits.
The correction appears to have ended at the 44.72low. As long as price remains above this level, further upside remains likely. Alternatively, if that low is broken, we anticipate a deeper pullback and will look to buy the dips again at the next equal-leg zone.

Reminder for members: Our chat rooms in the membership area are available 24 hours a day, providing expert insights on market trends and Elliott Wave analysis. Don’t hesitate to reach out with any questions about the market, Elliott Wave patterns, or technical analysis. We’re here to help.

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Microsoft ($MSFT) Up 27% Since April Entry at the Blue Box Area

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As our members know, we’ve been long in Microsoft ($MSFT) since April. The stock has made a solid rally, gaining 27% since our entry last month.  In this technical article, we are going to present Elliott Wave trading setup of MSFT.  The stock completed its corrective decline precisely at the Equal Legs area, also known as the Blue Box.

In the following sections, we’ll break down the Elliott Wave structure in detail and explain the logic behind the setup and trade management.

MSFT Elliott Wave Weekly  Hour  Chart 03.30.2025

The current analysis suggests that Microsoft stock is undergoing a correction in the form of an Elliott Wave Zig Zag Pattern. We can count 5 waves from the peak so far. That implies the pullback is incomplete at the moment — we expect more short-term weakness, another leg down ((C)) black toward the Blue Box.

Our analysis calls an extension toward the extreme zone at the 355.33 area, where we are looking to re-enter as buyers. We recommend members avoid selling MSFT, as the main trend remains bullish. We anticipate at least a 3-wave bounce from this Blue Box area. Once the price touches the 50% fib level against the ((B)) black connector, we’ll make positions risk-free, set the stop-loss at breakeven, and book partial profits.

90% of traders fail because they don’t understand market patterns. Are you in the top 10%? Test yourself with this advanced Elliott Wave Test

Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.

Quick reminder on how to trade our charts :

Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable. 🚫

MSFT Elliott Wave Weekly  Hour  Chart 05.25.2025

The stock extended lower into the Blue Box area and found buyers, just as expected. The correction ended at the 338 low, and since then, Microsoft stock has staged a strong rally toward the 450 area. As a result, all long positions entered at the Blue Box are now risk-free — we’ve moved our stop loss to breakeven and already secured partial profits. As long as price holds pivot at 338 low , further upside remains likely.

Reminder for members: Our chat rooms in the membership area are available 24 hours a day, providing expert insights on market trends and Elliott Wave analysis. Don’t hesitate to reach out with any questions about the market, Elliott Wave patterns, or technical analysis. We’re here to help.

MSFT

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At Elliott Wave Forecast, we track and analyze 78 instruments daily — but remember, not every chart is a direct trading signal.
For real-time, actionable trades, join our Live Trading Room, where we guide you through clear, professional setups every day.

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TMUS Bullish Sequence Finding Blue Box Support, Targeting $400

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T-Mobile US Inc., TMUS, corrects against the long-term bullish sequence. Meanwhile, the pullback is evolving in a 7-swing structure and is close to the blue box. In this article, we will discuss the blue box where buyers will be waiting to buy the stock again.

T-Mobile US (NASDAQ: TMUS) is a leading U.S. wireless carrier, known for its aggressive pricing and nationwide 5G network. Headquartered in Bellevue, Washington, it is majority-owned by Deutsche Telekom. Since merging with Sprint in 2020, T-Mobile has become the third-largest U.S. telecom provider. It is listed on the NASDAQ-100 and S&P 500 indices.

TMUS Elliott Wave Analysis – Weekly Chart 

TMUS

Weekly Chart, TMUS

TMUS is in an all-time bullish sequence. Thus, it’s evolving into an impulse wave cycle from the all-time lows. The latest bullish cycle started in January 2022, where the cycle degree wave IV finished. From the January 2022 low, wave V emerged, and it’s currently in wave ((5)) of V. Wave ((1)) of V ended at the top of October 2022. Afterwards, the wave ((2)) dip followed and ended in May 2023. From the lows of May 2023, an impulse surge emerged that took the stock from barely trading at $125 to almost $250 in November 2024. A wave ((4)) dip followed to $208 in January 2025. Meanwhile, while the entire U.S. stock market fell in January/February 2025, this stock rose to a record high of $276.46.

However, this high could either be wave ((5)) of V, marking the completion of the cycle from January 2022, or it’s just wave (1) of ((5)). The former scenario requires a correction of the entire rally from January 2022. However, the latter still sees further rallies toward $300–400. What determined our preferred choice? First, the entire U.S. stock market is in a recovery state. Thus, one of its most bullish companies could be supported by the overall market. Second, the fall from the March high is corrective against the shorter cycle from January 2025, where wave ((4)) of V finished. Therefore, the pullback from March 2025 marks wave (2) of ((5)) of V.

TMUS Elliott Wave Analysis – Daily Chart 

TMUS

TMUS, Daily Chart

The daily chart above sheds some light on the wave (2) pullback from March 2025. The pullback is evolving into a double zigzag, 7-swing structure. In a strong bullish sequence like this, it’s best to buy from the extreme of a 3/7/11 swing pullback. The extreme of this 7-swing pullback is at 229.98–206.41. Thus, traders will eye this zone to buy into the next bullish phase. The next bullish phase could see the stock reach $300–400.

At www.elliottwave-forecast.com, we update one-hour charts four times daily and four-hour charts once daily for all 78 instruments. We also conduct daily live sessions to guide clients on the right side of the market. Additionally, we have a chat room where moderators answer market-related questions. Experience our service with a 14-day trial for only $0.99. Cancel anytime by contacting us at support@elliottwave-forecast.com.

Progressive Corp (PGR) Eyes Strong Upside Beyond $300

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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
Progressive Corp 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.

 

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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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AMD Elliott Wave Calling the Rally after ABC Pull Back

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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 trading within the cycle from the 75.21 low.  Recently, we forecasted the end of the short-term pull back (B) in blue and called for a further rally in the stock. In the following text, we’ll explain the Elliott Wave analysis and present target areas.

AMD Elliott Wave 1  Hour  Chart 04.21.2025

AMD stock is showing a three-wave pullback against the 75.21 low. The correction already displays enough swings, and we expect it to complete at any moment. Our members know that in such cases we can easily identify the reversal area by measuring the Equal Legs zone (A related to B), which comes in at the 85.0–82.0 area. We expect buyers to appear within the mentioned zone and to see a further rally in the stock from there.

You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page

90% of traders fail because they don’t understand market patterns. Are you in the top 10%? Test yourself with this advanced Elliott Wave Test

AMD

AMD Elliott Wave 1  Hour  Chart 04.28.2025

AMD found buyers as expected at the Equal Legs area (85.0–82.0) and has delivered a decent rally so far. Now, we would like to see a break above the April 9th peak to confirm further extension to the upside toward the 105.82+ zone.

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

Reminder for members: Our chat rooms in the membership area are available 24 hours a day, providing expert insights on market trends and Elliott Wave analysis. Don’t hesitate to reach out with any questions about the market, Elliott Wave patterns, or technical analysis. We’re here to help.

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AMD

Elliott Wave Forecast

At Elliott Wave Forecast, we track and analyze 78 instruments daily — but remember, not every chart is a direct trading signal.
For real-time, actionable trades, join our Live Trading Room, where we guide you through clear, professional setups every day.

🚀 Not a member yet? Now’s the perfect time, we have limited time Promo Offer :
Unlock full access with our 14-day Trial for just $0.99!

Here’s what you’ll get:

✅ Official Trading Signals — with clearly defined Entry, Stop Loss, and Take Profit levels based on our proven strategy.
✅ Live 24 Hour Chat Room Access — ask unlimited questions and get expert support during trading hours (Monday–Friday).
✅ Expert Analysis — real-time updates across Forex, Stocks, Indices, Commodities, Cryptos, and ETFs.
✅ Hands-on Learning — sharpen your trading skills with direct mentorship from seasoned market analysts.

💬 Whether you’re an experienced trader or just getting started, Elliott Wave Forecast provides the tools, strategies, and support you need to trade with confidence.


Take the first step toward better, smarter trading 👉  Click here to start your Trial today!