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Eric Morera

QQQ Elliott Wave : Forecasting the Rally From the Blue Box

Hello fellow traders,

In this technical article, we are going to present Elliott Wave charts of QQQ ETF . As our members know QQQ has recently bounce from the Equal Legs area. The EWF has reached the extreme zone from the 540.6 peak and found buyers as expected. In the following sections, we will explain the Elliott Wave forecast.

QQQ Elliott Wave 1 Hour Chart 04.06.2025
The current view suggests QQQ is trading within the cycle from the 540.63 peak that is unfolding as a Elliott Wave Zig Zag pattern. We expect an extension toward the extreme zone at 419.26-373.2 . At that zone buyers should re-enter, which could lead to a further rally in a 3 waves bounce at least. We recommend that members avoid selling QQQ .

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.

QQQ

QQQ Elliott Wave 1 Hour Chart 04.10.2025
The ETF made made extension down and reached Equal Legs area as expected. QQQ found buyers, and made decent reaction from the Blue Box zone. Cycle from the peak ended at 395.86 low. As far as the mentioned pivot holds, we can see further strength in the ETF. As a result, members who took the long trades are enjoying profits in risk-free positions. The 395.86 level remains key for the current bullish outlook to stay valid.

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Source:-forecast.com/stock-market/qqq-elliott-wave-forecasting-rally/
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Elliott Forecast
Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions. 

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Eric Morera

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