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Dow (YM) Rockets Higher From Extreme Zone—Bull Run Continues

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Dow (YM) Futures bounced from the extreme support zone and broke to new highs, extending April’s bullish cycle. This post shows how our Elliottwave analysis positioned members ahead of the move—spotting the setup before the breakout.

Following the end of the February 2025 pullback that corrected the bullish cycle from October 2022, a new bullish cycle started on 7th April 2025. This cycle marked the 5th wave of the long term bullish cycle from March 2020. The April 2025 bullish cycle broke into a new high on 28th July 2025. Following this breakout, we recommended to members to buy at the extreme of the 3/7/11 swing pullback. Our system focuses on buy pullbacks within a bullish trend. Likewise, when the sequence is bearish, we prefer to sell at the extreme of corrective bounces. However, we do not just trade any structures. We like to trade off the extreme of a zigzag/double zigzag/triple zigzag corrective structure. We traded the double

Understanding the Double Zigzag (7-swing structure) in Elliott Wave Theory

 

In Elliott Wave analysis, a double zigzag is a complex corrective pattern that helps the market correct deeper than a single zigzag. It’s labeled as W-X-Y, where:

  • W and Y are both zigzag structures (5-3-5)
  • X is a connecting wave, often a simple corrective move

Key Traits of a Double Zigzag:

  • It appears in corrective phases, especially when the market needs to retrace more aggressively.
  • The second zigzag (Y) often reaches the 100% of W from X
  • It’s more directional than other complex corrections, making it easier to trade with proper wave identification.

Tip: When you spot a zigzag that doesn’t seem to complete the correction, watch for an X wave followed by another zigzag—it might just be a double zigzag unfolding.

After the Dow (YM) marginally reached a new high in July, it pulled back and rallied again in a clear 5-wave structure. Thus, on the shorter cycle, we waited for a perfect 3/7/11 swing and recommended to members to buy at the extreme.

YM Elliott Wave Analysis – 22 August 2025 Update

YM

On 22nd August, we shared the chart above showing a 7-swing pullback for wave 2 of (5). The wave (5) is to be the 5th wave of the April cycle. While incomplete, we decided to buy at the extreme of the wave 2 of (5), anticipating to profit off wave 3 of (5) rallies. Price reached the 44757-44422 buying zone and bounced sharply as the chart below shows.

YM Elliott Wave Analysis – 23 August 2025 Update

YM

The chart above is the H1 23-August weekend update we shared to members. A perfect reaction from the extreme zone put buyers in good profit while anticipating for more. Going into the new week, we will still anticipate support from the extreme of a 3/7/11 swing pullback toward a new high. We will alert members with new H1 charts several times a day, as price action develops.

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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 $9.99. Cancel anytime by contacting us at support@elliottwave-forecast.com.

Bullish Bounce: YM_F Dow Futures Rebound from Blue Box Zone

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In this blog post, we’ll dive into the recent performance of the YM_F Dow futures, focusing on its 1-Hour Elliott Wave Charts. Since the April 7, 2025, low, the rally has unfolded as an impulse structure. Showing a sequence of higher highs that suggests further upside potential.

Given this momentum, our advice to members has been to avoid selling the index. Instead buy the dips in 3, 7, or 11 swings within the blue box areas. Below, we’ll break down the structure and provide insights into our forecast.

YM_F Dow futures 1-Hour Elliott Wave Chart From 7.15.2025

Bullish Bounce: YM_F Dow Futures Rebound from Blue Box ZoneAs of our July 15, 2025, NY Midday update, the YM_F Dow futures index had completed the cycle from 6.19.2025 low ended in wave ((iii)) at $45177 high. The subsequent decline unfolded as wave ((iv)), which corrected the preceding cycle. This pullback followed a zigzag structure, with wave (a) ending at $44422 and wave (b) bounce to $45043. Wave (c) then extended to the blue box area $44291- $43819, a zone anticipated for buyer interest, potentially triggering a 3-wave bounce or the next significant leg higher.

YM_F Dow futures Latest 1-Hour Elliott Wave Chart From 7.22.2025

Bullish Bounce: YM_F Dow Futures Rebound from Blue Box Zone

Our latest 1-Hour Elliott Wave Chart update from July 22, 2025, shows the index reacting higher after completing its correction within the blue box area. This favorable move enabled members to secure risk-free positions shortly after entering long at the blue box zone. However, a decisive break above the $45177 high is crucial to confirm further upside potential and prevent a deeper pullback.

Stay ahead of the market with real-time YM_F Dow futures analysis and updates on other key indices. Join our 14-Day Trial to access the latest insights and price action.

To succeed in trading, mastering risk and money management, Elliott Wave theory, cycle analysis, and market correlations is essential. Our trading strategy excels in pinpointing entry, stop-loss, and take-profit levels with high accuracy, empowering you to protect your investments and lock in risk-free positions. Ready to elevate your trading skills? Take the first step with our Trial and unlock the secrets to professional trading.

Elliott Wave Intraday Analysis: YM_F should Resume the Rally

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Short Term Elliott Wave View in E-Mini Dow Jones Futures (YM_F) suggests the trend should continue higher within the sequence started from April-2023 low as the part of daily sequence. It favors upside in wave ((5)) while dips remain above 38535 low. Since April-2024 high of (3), it starts to move sideways for almost 3 months to build a triangle structure. This triangle completed wave (4) at 39284 low. The market resumed the rally building an impulse as wave (5) ended at 41672 high and also wave ((3)) in higher degree.

YM_F begins a big correction in July 18 high. Down from wave ((3)), the index did an impulse structure to complete a wave (A) at 40053 low. Then, the market did a bounce developing a double correction as wave (B). Up from wave (A), wave W ended at 41051 high. The connector X ended at 40606 low and last push higher completed wave Y at 41427 and also wave (B). The market resumed to the downside forming another impulse as wave (C) of ((4)). It placed 1 of (C) at 41028 low, 2 at 41305 high, 3 at 39518 low, 4 at 39880 high and finally 5 at 38541 to complete wave (C) and wave ((4)). While price action stays above 38541 low, we are calling for more upside to continue the rally as wave ((5)).

E-Mini Dow Jones Futures (YM_F) 60 Minutes Elliott Wave Chart

E-Mini Dow Jones Futures (YM_F) 60 Minutes Elliott Wave Chart

YM_F Elliott Wave Video

Travelers (TRV) is Showing an Incomplete Bullish Sequence

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The Travelers Companies, Inc., TRV, is an American insurance company. It is the second-largest writer of U.S. commercial property casualty insurance, and the sixth-largest writer of U.S. personal insurance through independent agents.

Weekly TRV Chart July 2023

Weekly TRV Chart July 2023

One year ago, we wrote that TRV ended a great super cycle in the year of 2019 reaching a peak at $154.86 which we call the wave ((I)). Then the market made a quick and strong correction driven by the COVID19 pandemic in 2020. The company lost 50% of its value reaching $76.99 per share in March. This culminated wave ((II)) and we are currently building wave ((III)). Wave (I) of ((III)) ended at $194.51 in January 2023 building an impulse and it has been correcting in wave (II) of ((III)) ever since. We expected to continue the rally in wave (III) of ((III)) after reaching 152.52 – 131.87 blue box area. (If you want to learn more about Elliott Wave Theory, please follow these links: Elliott Wave Education and Elliott Wave Theory) 

Weekly TRV Chart July 2024

Currently, we can see the rally as expected, but missing the blue box by 5 dollars. Also, we adjusted the count in TRV weekly chart. We are still trading in wave ((III)), but with the new data, the stock is still in wave (I) of ((III)). Therefore, wave I higher ended at 187.98 and pullback as wave II finished at 149.65 low. The price rally again breaking wave I high suggesting that wave III of (I) had started. Then, wave ((1)) of III ended at 194.51 and the correction that we are expecting to enter the market ended at 157.33 low as wave ((2)). From here, we can see a strong momentum to the upside ending wave ((3)) of III at 232.75 high. Wave ((4)) of III built a zigzag correction ended at 200.21 low.

Now, we are looking one more push to the upside to complete wave ((5)) of III and wave III of (I) before starting a retracement in wave IV of (I). The correction should retest wave ((4)) low and then rally in wave V of (I). The possible area to end wave ((5)) comes in 240.74 – 253.27 where we should see a reaction lower to think that the cycle is ended.

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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 chat room where our moderators will help you with any questions you have about what is happening in the market.

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