trading setups Archives - Page 11 of 19

DKNG Returned Higher After Completing The Pullback

February 26, 2025 By Hassan Sheikh

The Draft Kings, Inc. ticker symbol: DKNG is a digital sports entertainment and gaming company engaged in providing online sports betting. Online casinos, daily fantasy sports product offerings, Draft Kings Marketplace. Retail sports betting, media and other gaming product offerings. consumption. It operates through the following segments: Business-to-Consumer (B2C) and Business-to-Business (B2B). The business-to-consumer segment includes sports betting, iGaming and DFS product offerings, as well as media and other consumer product offerings. The Business-to-Business segment includes the design and development of gaming software.

DKNG Latest Weekly Elliott Wave Analysis From 2.26.2025

As shown in the last article, DKNG ended the wave II pullback at $28.69 low. Up from there, the stock made the rally higher in a nest where wave ((1)) ended at $45.87 high. Wave ((2)) pullback ended at $35.96 low & started the wave ((3)) higher with a break above $49.57 high from March 2024. Supporting more upside extension to take place towards $$68.52- $77.94 target area next. Until than dips are expected to remain supported in 3, 7 or 11 swings looking for more extension higher.

DKNG Weekly Elliott Wave Analysis From 11.29.2024

In weekly the super cycle degree wave (I) ended at $74.38 high and made a 3 wave pullback against all time lows within wave (II). The internals of that pullback unfolded as zigzag correction where wave cycle degree wave a ended at $39.93 low. Wave b bounce ended at $64.58 high and wave c ended at $9.78 low. Thus completed wave (II) pullback. Up from there, the stock made a 5 waves rally & ended cycle degree wave I at $49.57 high. Down from there, the stock made a 7 swings lower pullback and completed wave II pullback at $28.69 low. Near-term, as far as dips remain above $35.96 low and more importantly above $28.69 low expect stock to resume the upside.

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TSLA Managed To Reach Another Blue Box Buying Area

February 17, 2025 By Hassan Sheikh

In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Tesla ticker symbol: TSLA. We presented to members at the elliottwave-forecast. In which, the rally from 22 April 2024 low ended in an impulse structure. But showing a higher high sequence within the cycle from January 2023 low supports more upside. 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:

TSLA 4-Hour Elliott Wave Analysis: February 9, 2025

TSLA 4-hour chart showing completed impulse wave and double three correction

Here’s the 4-hour Elliott wave chart from the 2.09.2025 weekend update. In which, the cycle from the 4.22.2024 low ended in wave ((3)) at $488.54 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 double three structure where wave (W) ended at $373.04 low. Wave (X) bounce ended at $439.74 high and wave (Y) managed to reach the blue box area at $323.98- $252.46. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

TSLA 4-Hour Elliott Wave Update: February 16, 2025

Latest TSLA chart showing reaction higher from blue box support

This is the latest 4-hour Elliott wave Chart from the 2.16.2025 weekend update. In which the stock is showing a reaction higher taking place, right after ending the double correction within the blue box area. However the bounce needs to react higher minimum towards $380.19 level to allow longs to get into a risk-free position. Later on, it would need to see a break above $488.54 high to confirm the next extension higher & avoid deeper pullback.

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NIFTY Elliott Wave: Incomplete Sequences Forecasting the Future Path

February 12, 2025 By EWF Vlada

Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of NIFTY Index published in members area of the website. As our members know , the Index shows incomplete sequences in the cycle from the 26281.55 peak. The price structure calls for further weakness in NIFTY. The index is targeting 21836 area, where we like to be buyers again. In the following text, we will explain the Elliott Wave forecast in more detail.

NIFTY 1-Hour Elliott Wave Chart: February 9, 2025

As mentioned earlier, NIFTY is showing bearish sequences in the cycle from the 26281.55 peak, and we expect further weakness in the index. Current Elliott Wave analysis suggests that NIFTY completed a three-wave recovery at the 23806.54 high. As long as the price remains below this level, we anticipate continued downside in NIFTY.

At this stage, we do not recommend forcing trades. The strategy is to wait for the extreme zone to be reached before considering a buying opportunity.

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NIFTY 1-hour chart showing incomplete bearish sequences from 26281.55 peak

NIFTY 1-Hour Chart Update: February 12, 2025

The price made further separation from the 23808.4 peak and retested the previous low at 1 red. To confirm further downside within the proposed cycle, we would like to see a break below the January 27th low. A break of this level would increase the likelihood of an extension towards our target area at 21836, where we are interested in buying again.

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.

NIFTY chart update showing retest of previous lows

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Tesla Stock (TSLA) Elliott Wave Forecasting the Decline

February 12, 2025 By EWF Vlada

Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of Tesla Stock ( TSLA ) published in members area of the website. As most traders probably know, the stock is in an overall bullish trend. However, in the short-term cycle from the 488.78 peak, the price has formed a lower lows structure. In the following text, we will explain the Elliott Wave forecast in more detail.

TSLA Elliott Wave 1 Hour Chart 01.30.2025

Tesla stock is showing incomplete sequences in the cycle from the 488.78 peak. The break below the January 2nd low suggests that the cycle from the 488.78 peak is incomplete, indicating more weakness in the near term. TSLA is targeting the 323.98 – 252.46 area next.

Price Structure Analysis

Let’s analyze the price structure further.
We can observe a clear 5-wave structure in the cycle from the 439.74 peak. A 3-wave bounce in the ((b)) recovery is expected. We anticipate another leg up in (c) before a decline takes place.

Trading Strategy

We do not recommend forcing trades at this stage. The strategy is to wait for the extreme zone to be reached before considering buying the stock again.

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

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TSLA Elliott Wave 1 Hour Chart 02.12.2025

Tesla stock made another leg up in the proposed recovery, completing it at the 419.96 high. After the correction ended, the price continued to decline, reaching new lows. It is now approaching our first target area at 323.98–252.46.

Elliott Wave Forecast

Thank you for exploring our Tesla stock (TSLA) Forecast with us. While we analyze 78 instruments, it’s important to remember that not every chart represents a trading recommendation. For official trading signals, we invite you to join our Live Trading Room, where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-day trial to unlock new trading opportunities.

Join us today !

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🔍 Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.

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Nvidia Stock (NVDA): Elliott Wave Irregular Flat Pattern Analysis

February 11, 2025 By EWF Vlada

In this technical article we’re going to take a look at the Elliott Wave charts charts of Nvidia Stock (NVDA) published in members area of the website. As our members know, we generally favor the long side in NVDA, due to impulsive bullish sequences. Recently, the stock has corrected the cycle from the August 90.68 low. We got a pull back which unfolded as an Irregular Flat pattern.

Before we take a look at the real market example of Expanded Flat, let’s explain the pattern in a few words.

Elliott Wave Expanded Flat: Key Concepts

Elliott Wave Flat is a 3 wave corrective pattern which could often be seen in the market nowadays. Inner subdivision is labeled as A,B,C , with inner 3,3,5 structure. Waves A and B have forms of corrective structures like zigzag, flat, double three or triple three. Third wave C is always 5 waves structure, either motive impulse or ending diagonal pattern. It’s important to notice that in Irregular Flat Pattern wave B completes above the starting point of wave A. Wave C ends bellow the ending point of wave A . Wave C of Flat completes usually between 1.00 to 1.236 Fibonacci extension of A related to B, but sometimes it could go up to 1.618 fibs ext.

At the graphic below, we can see 3 types of Elliott Wave Flat structures

Now, let’s take a look what Elliott Wave Flat Pattern looks like in the real market

NVDA 4H Elliott Wave Analysis (January 28, 2025)

Currently, NVDA is correcting the cycle from the 90.68 low. Elliott Wave analysis suggests that the pullback is unfolding as an Irregular Flat Pattern. When analyzing the lower time frames, we observe that the inner subdivisions of waves (A) and (B) in blue exhibit corrective sequences. Wave (B) has broken above the starting point of wave (A), while wave (C) has broken below the starting point of wave (B), which is characteristic of an Irregular Flat pattern.

At this stage, the (C) leg still requires another wave up to complete its structure as a 5-wave move. We recommend that our members avoid selling at this stage. The target for wave 5 in red would be the inverse 1.236 Fibonacci extension of wave 4.

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

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.

NVDA 4H Update (February 6, 2025)

Nvidia made another leg down in wave 5 of (C), completing the pullback. Now, the 113.09 low is the key pivot for the proposed view. As long as the price stays above that level, we can count the correction as completed in an Irregular Flat Pattern. Otherwise, a break below 113.09 would open the possibility for further downside extension

Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. For additional information on the best trading strategies for Bitcoin, visit our Live Trading Room and stay updated with the latest insights in our Chat Room.

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Why Join Elliott Wave Forecast?

Thank you for exploring our Nvidia (NVDA) Forecast with us. While we analyze 78 instruments, it’s important to remember that not every chart represents a trading recommendation. For official trading signals, we invite you to join our Live Trading Room, where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-day trial to unlock new trading opportunities.

Join us today !

📈 Elevate your trading with Elliott Wave Forecast!

💻 Ask unlimited questions during trading hours (Monday to Friday). Our Chat Rooms are an excellent place to learn, with continuous support from our market experts!

🔍 Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.

📊 Gain exclusive access to our Official Trading Recommendations in the Live Trading Room, where seasoned experts provide valuable insights and guidance on new trading opportunities.

👉 Ready to take the next step? Get your 14-day Trial in just a few clicks! Click here to start your Trial today!

SPX Reacting Higher From Extreme Equal Legs Area

February 11, 2025 By Hassan Sheikh

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of SPX. We presented to members at the elliottwave-forecast. In which, the rally from 13 January 2025 unfolded as an impulse structure. And showed a higher high sequence favored more upside extension to take place. Therefore, we advised members not to sell the index & buy the pullback in 3, 7, or 11 swings. Based on Elliott wave hedging area looking to get 3 wave reaction higher at least. We will explain the structure & forecast below:

SPX 1-Hour Elliott Wave Chart From 2.01.2025

Here’s the 1-hour Elliott wave chart from the 2.01.2025 update. In which, the cycle from the 13 January low ended in wave 1 as an impulse structure at $6128.18 high. Down from there, the index made a pullback in wave 2 to correct that cycle. The internals of that pullback unfolded as Elliott wave zigzag structure where wave ((a)) ended at $5962.92 high. Then wave ((b)) bounce ended at $6120.91 high and wave ((c)) was expected to reach the Elliott wave hedging area at $5954.89- $5851.75 area. From there, buyers were expected to appear looking for next extension higher or do a 3 wave reaction higher at least.

SPX Latest 1-Hour Elliott Wave Chart From 2.11.2025

This is the latest 1-hour Elliott wave Chart from 2.11.2025 Asia update. In which the SPX is showing a strong reaction higher taking place, right after ending the zigzag correction within the equal legs area. Allowed members to create a risk-free position shortly after taking the long position. However, a break above $6128.18 high is needed to confirm the next extension higher & avoid double correction lower.

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