trading setups Archives - Page 12 of 19

SPX Pullback Expected To Hold in 3, 7 Or 11 Swings

January 28, 2025 By Hassan Sheikh

Short Term Elliott Wave view in S&P 500 ( SPX) suggests that rally to new all time high on 12.16.2024 at $6099.97 ended wave ((3)).

Wave Structure Breakdown

Wave ((4)) Correction (Completed)

Pullback in wave ((4)) is proposed complete at $5773.20 as the 1 hour chart below shows. Internal subdivision of wave ((4)) unfolded as Elliott wave double three structure. Down from wave ((3)), wave (W) ended in lesser degree 3 swings at $5832.30. Wave (X) bounce ended in 3 swings at $6049.75 high. Then wave (Y) lower ended at $5773.20 low with another lesser degree 3 swings thus completed wave ((4)) pullback.

Key Trading Levels & Strategy

The Index has turned higher in wave ((5)) and managed to make a new high above previous wave ((3)) high of $6099.97 confirming the next extension higher. Up from wave ((4)), the rally took place as an impulse sequence where wave ((i)) ended at $5871.92 high. Wave ((ii)) pullback ended at $5805.42 low. Index nested higher in wave ((iii)) & ended at $5964.69 high. Then wave ((iv)) pullback ended at $5930.72 low. Above from there, wave ((v)) ended with extension at $6128.18 high & completed wave 1. Down from there, the index is doing a pullback in wave 2 against 1.13.2025 low. Therefore, pullback should hold in 3, 7 or 11 swings looking for more upside.

SPX 1-Hour Elliott Wave Chart (01.28.2025)

Chart Note: Wave ((4)) completed as a double three, with wave ((5)) now testing new highs.

Video Update: SPX Elliott Wave Outlook

Elliott Wave Forecast: GOLD (XAUUSD) Forming 5 Waves from the 2656.3 Low

January 24, 2025 By EWF Vlada

Hello fellow traders! In this technical article, we’ll be discussing GOLD (XAUUSD) and sharing some charts that we’ve presented to the members of ElliottWave-Forecast.

As our members know, GOLD is showing higher high sequences in the cycle from the December 18th low, which suggests a further rally in the commodity. Recently, GOLD completed a 3-wave pullback and made another leg up, reaching our target area. In the following text, we’ll take a closer look at the Elliott Wave count and explain how to find targets for wave (v).

GOLD (XAUUSD) H1 Update 01.23.2025

The commodity is forming a 5-wave pattern in the cycle from the 2656.3 low. We can already count 3 waves down, labeled as abc red. The current view suggests that as long as the price remains above the 2735.8 low, the (iv) blue pullback is considered complete. We believe (v) blue is now in progress, with the first target area projected at 2769.99–2708.55.

If you want to learn more about Elliott Wave Patterns, we invite you to explore 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.

GOLD 1-Hour Chart Showing Wave (iv) Completion

GOLD (XAUUSD) H1 Update 01.24.2025

GOLD continued its rally as expected. Wave (v) reached the first target at 2769.99–2708.55, calculated using the inverse 1.236–1.618 Fibonacci extension of wave (iv). Another method to project the target for wave (v) is (v) = (i), which comes at 2804.4.

Next Expected Moves

We expect the cycle from the 2656.6 low to soon complete as a 5-wave structure ((i) )black and anticipate a pullback in ((ii)). However, we do not recommend selling against the primary bullish trend. Once the ((ii)) pullback begins, we expect it to reach around the 50–61.8 Fibonacci retracement area measured from the 2656.6 low.

Keep in mind 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.We put them in Sequence Report and best among them are shown in the Live Trading Room.

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

GOLD Reaching First Target at 2769.99-2708.55

Elliott Wave Forecast

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SPX Perfectly Reacting Higher From The Blue Box Area

January 20, 2025 By Hassan Sheikh

In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of SPX. We presented to members at the elliottwave-forecast. In which, the rally from the October 2022 low unfolding as an impulse structure. Also showed a higher high sequence with a bullish sequence stamp. Suggested that 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:

SPX 4-Hour Elliott Wave Chart From 1.09.2025

Here’s the 4-hour Elliott wave chart from the 1.09.2025 update. In which, the short-term cycle from the 8.05.2024 low ended impulse sequence & larger wave ((3)) at $6099.97 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 $5832.30 low. Wave (X) bounce ended at $6049.75 high. Then wave (Y) managed to reach the blue box area at $5783.66- $5617.43. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

SPX Latest 4-Hour Elliott Wave Chart From 1.18.2025

This is the latest 4-hour Elliott wave Chart from the 1.18.2025 Weekend update. In which the SPX 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 $6099.97 high is yet to be seen to confirm the next extension higher in wave 5 towards minimum extension target at $6179.13- $6304.44 area.

If you are looking for real-time analysis in SPX along with the other indices & instruments 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.

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Dollar Index (DXY) Elliott Wave Calling The path

January 17, 2025 By EWF Vlada

In this technical article we’re going to take a quick look at the Elliott Wave charts of Dollar Index (DXY) published in members area of the website. As our members are aware, the DXY is currently showing impulsive bullish sequences in the cycle from the September low. As a result, we are leaning towards the long side at this stage.

Recently, the Dollar Index has completed a 3-wave pullback, with buyers stepping in precisely at the equal legs zone. In this article, we will dive deeper into the Elliott Wave forecast and explain the reasoning behind our outlook.

DXY H1 London Update 01.15.2025

The current view suggests that the Dollar is forming a ((iv)) black pullback as Elliott Wave Zig-Zag Pattern. The structure of the correction remains incomplete, indicating more short-term weakness. We expect to see another leg down towards the equal legs zone between 108.900 and 108.373 (the potential buyers’ zone).

Once the extreme zone is reached, we anticipate that potential buyers will step in, which could lead to a further rally towards new highs, or at least a three-wave bounce.

Reminder : 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

DXY H1 London Update 01.17.2025

The US Dollar extended lower towards the buying area as expected. Price reached the extreme zone at 108.900 – 108.373. DXY found buyers and rallied from the Equal Legs zone, completing the pullback at 108.62.

Important : The 108.62 low is key for the view. While above this level, we expect further strength. Alternatively , a break below it would prolong the correction in which case it can retest 107.75 low.

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.

Elliott Wave Forecast

Thank you for exploring our Dollar (DXY) 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? Sign up now and seize the opportunity to enhance your trading performance. Click here to start your Trial today!

GDX Found Sellers As Expected From Blue Box Area

January 14, 2025 By Hassan Sheikh

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the Gold miners ETF ticker symbol: GDX. In which, the decline from the 24 October 2024 high is unfolding in a corrective sequence. Also showed a lower low sequence with a bearish sequence stamp. Therefore, we knew that the structure in GDX is incomplete to the downside & should see more weakness. So, we advised members to sell the bounces in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

GDX 1-Hour Elliott Wave Chart From 1.10.2025

Here’s the 1-hour Elliott wave Chart from the 1.10.2025 Midday update. In which, the decline to $33.42 low ended wave A of (Y) & made a bounce in wave B of (Y). The internals of that bounce unfolded as an Elliott wave zigzag correction. And managed to reach the blue box area towards $36.65- $37.98 blue box area. From there, sellers were expected to appear looking for more downside or for a 3 wave reaction lower at least.

GDX Latest 1-Hour Elliott Wave Chart From 1.14.2025

This is the Latest 1-hour view from the 1.14.2025 Post-Market update. In which the ETF is showing a reaction lower taking place from the blue box area allowing shorts to get into a risk-free position shortly after taking the position. However, a break below the $33.42 low would still be needed to confirm the next extension lower & avoid a double correction higher. Now, as far as bounces fail below $36.90 high GDX is expected to resume the downside. Ideally towards $29.39- $27.07 target area lower minimum before a bounce happens.

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

Nike Reacting Perfectly From Elliott Wave Hedging Area

December 30, 2024 By Hassan Sheikh

In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Nike ticker symbol: $NKE. We presented to members at the elliottwave-forecast. In which, the decline from 01 October 2024 unfolded as an impulse structure. And showed a lower low favored more downside extension to take place. Therefore, we advised members not to buy the stock & sell the bounce in 3, 7, or 11 swings. Based on Elliott wave hedging area looking to get 3 wave reaction lower at least. We will explain the structure & forecast below:

Nike 4-Hour Elliott Wave Chart From 12.19.2024

Here’s the 4-hour Elliott wave chart from the 12.19.2024 update. In which, the cycle from the 01 October ended in wave (1) as an impulse structure at $72.70 low. Up from there, the stock made a bounce higher in wave (2) to correct that cycle. The internals of that pullback unfolded as Elliott wave zigzag structure where wave A ended at $81.18 high. Wave B pullback ended at $76.31 and wave C managed to reach the elliott wave hedging area at $84.50- $89.75 area. From there, market makers agrees for the minimum reaction lower to take place.

Nike Latest 4-Hour Elliott Wave Chart From 12.29.2024

This is the latest 4-hour Elliott wave Chart update. In which the Nike is showing a strong reaction lower 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. Since then, the stock has made a new low below $72.70 low confirming the next extension lower towards $66.05- $61.29 area lower before next bounce takes place.

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