reports
- Eric Morera
Elliott Wave View: EURUSD Correcting in Zigzag Structure
Short Term Elliott Wave view in EURUSD suggests rally from 2.3.2025 low is in progress as a 5 waves impulse. Up from there, wave 1 ended at 1.0528 and pullback in wave 2 ended at 1.036. Wave 3 higher ended at 1.0955 as the 1 hour chart below shows. Pullback in wave 4 is now in progress with internal subdivision as a zigzag Elliott Wave structure. Down from wave 3, wave (i) ended at 1.0857 and rally in wave (ii) ended at 1.0917. Pair then extended the decline in wave (iii) towards 1.081 and wa...
- Eric Morera
Elliott Wave View: CADJPY Looking to Rally in 7 Swing WXY Structure
Short Term Elliott Wave view in CADJPY suggests pair ended cycle from 11.20.2024 high in wave (W) at 101.35 as the 1 hour chart below shows. Pair is looking to correct cycle from 11.20.2024 high within wave (X). Internal subdivision of wave (X) is unfolding as a double three Elliott Wave structure. Up from wave (W), wave ((a)) ended at 103.64 and pullback in wave ((b)) ended at 102.02. Wave ((c)) higher ended at 105.029 which completed wave W in higher degree. Down from there, wave ((a)) ende...
- Eric Morera
Elliott Wave View: USDJPY Rallying in Double Zigzag
Short Term Elliott Wave view in USDJPY suggests that rally from 3.11.2025 low is in progress as a double zigzag structure. A double zigzag structure is a 7 swing double three Elliott Wave structure. There are 2 sets of ABC zigzag structure connected together, thus why the name is double zigzag. Up from 3.11.2025 low, wave A ended at 149.2 and wave B ended at 147.4. Wave C higher ended at 150.1 and this completed the first zigzag structure and end wave (W) in higher degree as the 45 minutes chart...
- Eric Morera
Sprott Physical Silver Trust (PSLV) Long Term Bullish Outlook
The Sprott Physical Silver Trust (PSLV) is a closed-end fund designed to provide investors with a secure and convenient way to invest in physical silver bullion. Launched by Sprott Asset Management, PSLV holds nearly all its assets in physical silver, stored in secure vaults, and its stock price closely tracks the spot price of silver. Below we will look at the long term Elliott Wave technical outlook of the instrument: PSLV Weekly Elliott Wave Chart Sprott Physical Silver Trust (PSLV) Wee...
- Eric Morera
McDonald’s (MCD): Continuing the Bullish Trend with Wave ((3))
McDonald’s (MCD) stock is on track to deliver moderate growth throughout 2025. Analysts expect an average price target of $323.39, offering a potential upside of 5.79% from its current level. Furthermore, monthly forecasts highlight price fluctuations between $282 and $370, influenced by market conditions. Menu innovation, digital initiatives, and geographic diversification strengthen its position and reinforce its resilience against macroeconomic challenges. McDonald’s MCD Weekly Chart Octob...
- Eric Morera
Just Starting with Elliott Wave? This Is Where to Begin
Elliott Wave Theory is one of the most powerful methods used in technical analysis to predict financial market cycles and trends. By identifying extremes in investor psychology, it offers a structured way to analyze the market. Elliott Wave Theory has a pattern for nearly every conceivable price structure, giving traders a unique tool for identifying opportunities. However, learning all the different patterns can take months or even years. But as with any great journey, it all begins with a sing...
- Eric Morera
Elliott Wave View: Silver (XAGUSD) Pullback Remains Supported
Short Term Elliott Wave view in Silver (XAGUSD) suggests rally from 2.28.2025 low is in progress as a 5 waves impulse. Up from 2.28.2025 low, wave ((i)) ended at 32.76 and pullback in wave ((ii)) ended at 31.79 as a zigzag structure. Down from wave ((i)), wave (a) ended at 32.08 and wave (b) ended at 32.66. Wave (c) lower ended at 31.79 which completed wave ((ii)). Up from there, wave ((iii)) higher unfolded as a 5 waves impulse in lesser degree. Up from wave ((ii)), wave (i) ended at 33.31 a...
- Eric Morera
Elliott Wave View: Bank of America (BAC) Short Term Favors Upside
Short Term Elliott Wave view in Bank of America (BAC) suggests wave ((3)) rally ended at 48.56. Wave ((4)) pullback unfolded as a double three Elliott Wave structure. Down from wave ((3)), wave (W) ended at 43.35 and wave (X) ended at 46.96. Wave (Y) lower unfolded as a zigzag Elliott Wave structure. Down from wave (X), wave A ended at 42.03 and wave B ended at 43.66. Final wave C lower ended at 39.19 which completed wave (Y) of ((4)) in higher degree. The stock has turned higher in wave ((5)...
- Eric Morera
Netflix Perfectly Reacting Higher From Blue Box Area
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Netflix ticker symbol: NFLX. We presented to members at the elliottwave-forecast. In which, the rally from May 2022 low is unfolding as an impulse structure. Showing a higher high sequence favored more upside extension to take place. 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: Netfl...
- Eric Morera
GE Vernova Inc. (GEV) Elliott Wave Forecast: Bullish Trend Set to Cont...
GE Vernova Inc. (GEV) Elliott Wave Forecast: Bullish Trend Resumes GE Vernova Inc. (GEV) has been trending higher, and its Elliott Wave structure suggests the uptrend will continue. The recent pullback appears to be wave (II), setting the stage for a new bullish move. Elliott Wave Analysis The chart shows a clear five-wave impulse to the upside, labeled as wave (I), which peaked earlier this year. After that, a corrective phase unfolded, completing wave (II) at a key support level of $266...
- Eric Morera
Elliott Wave View: Gold Miners ETF (GDX) Impulse Rally Should Extend
Gold Miners ETF (GDX) shows incomplete bullish sequence from 30 December 2024 low favoring more upside. Up from 30 December, wave (1) ended at 43 and pullback in wave (2) ended at 38.58. Wave (3) higher is in progress with internal subdivision as a 5 waves impulse Elliott Wave structure. Up from wave (2), wave 1 ended at 42.31 and pullback in wave 2 ended at 40.2 as the 30 minutes chart below shows. Wave 3 higher is in progress as another impulse in lesser degree. Up from wave 2, wave ((i)) e...
- Eric Morera
Piramal Enterprises Ltd (PEL) Elliott Wave Analysis: Bullish Cycle Und...
Elliott Wave Analysis Suggests a Strong Bullish Cycle as PEL Completes Wave II Correction Piramal Enterprises Ltd (PEL) has completed its Wave II correction. Now, the stock is in the early stages of a strong bullish cycle. The Elliott Wave count suggests that the stock has formed a significant bottom and is set to advance in an impulsive Wave III. The invalidation level remains at 333 INR. As long as the price stays above this mark, the bullish outlook remains intact. The right-side tag further...
- Eric Morera
Taiwan Semiconductor Manufacturing (TSM) New Buying Opportunity
The world’s largest dedicated semiconductor foundry Taiwan Semiconductor Manufacturing (NYSE: TSM) is down 25% from January peak. However, we’ll be looking at the Elliott Wave structure within the weekly daily cycles and we’ll explain why we believe it’s the right time to buy the stock. Looking at the weekly chart for TSM, It is showing an impulsive 3 waves move into new all-time highs. Wave I peak was in 2021 followed a 3 waves Flat structure in wave II ending in 2022. After that, the stock ...
- Eric Morera
EURO STOXX Ends 25 Year Long Wait – Targets 7281 – 8587 Area
The EURO STOXX 50 tracks the Eurozone’s supersector leaders, resulting in a diversified and liquid portfolio. The index’s weighting is based on free-float market capitalization, with a maximum weight of 10 percent per constituent. The blue-chip benchmark underlies more than 25 billion euros in ETF assets, while futures and options on the index are the most actively traded equity index derivatives on Eurex. More than 160,000 structured products are linked to the EURO STOXX 50. EURO STOXX forme...
- Eric Morera
Bank of America Corp. $BAC Blue Box Area Offered A Buying Opportunity
Hello everyone! In today’s article, we’ll examine the recent performance of Bank of America Corp. ($BAC) through the lens of Elliott Wave Theory. We’ll review how the rally from the August 05, 2024, low unfolded as a 5-wave impulse and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. 7 Swings WXY correction $COIN $BAC 4H Elliott Wave Chart 3.04.2025: $BACIn the 4-hour Elliott Wave count from March 04, 2025, we see that $BAC completed...
- Eric Morera
Can Micron (MU) Overcome the Market Hurdles for a Strong Rally?
The performance of Micron Technology Inc. (MU) stock has been a constant topic of interest in financial markets. Despite strong projections and a track record of innovation in the semiconductor industry, the ability of its stock to sustain a significant rally could be challenged by economic and sector-specific factors. In this article, we will explore the challenges and opportunities Micron faces on its path to sustainable recovery, as well as the potential impact of these dynamics on investors....
- Eric Morera
GOLD (XAUUSD) Elliott Wave: Forecasting the Rally From Equal Legs Area
In this technical article, we are going to present Elliott Wave charts of GOLD (XAUUSD) . As our members know we are long in GOLD from previous equal legs area. As a result, members are enjoying profits in risk-free positions. Recently ,the commodity completed its intraday correction at the Equal Legs zone. In the following sections, we will explain the Elliott Wave count.
- Eric Morera
Elliott Wave View: EURUSD Nesting Higher in Bullish Outlook
Short term outlook of EURUSD shows a bullish impulsive structure with extension (nest) from 1.13.2025 low. Up from 1.13.2025 low, wave 1 ended at 1.0533 and pullback in wave 2 ended at 1.0205. Pair has resumed higher in wave 3 which subdivides into another 5 waves of lesser degree. Up from wave 2, wave ((i)) ended at 1.0528. Dips in wave ((ii)) ended at 1.036. Pair then resumed higher in wave ((iii)).
- Eric Morera
Elliott Wave View: Apple (AAPL) Should See Further Downside Within Bea...
Apple (ticker: $AAPL) shows incomplete bearish sequence from 12.26.2024 peak and looking for further downside. Down from 12.26.2024 peak, wave ((A)) ended at 218.06 and wave ((B)) ended at 250. Wave ((C)) lower is in progress as a 5 waves impulse Elliott Wave structure. Down from wave ((B)), wave (1) ended at 230.2 and wave (2) ended at 244.03 as the 30 minutes chart below shows. Wave (3) is in progress with internal subdivision as another impulse in lesser degree. Down from wave (2), wave 1...
- Eric Morera
Visa Inc. (NYSE: V) 2022 Bullish Cycle Looking For New Highs
Visa Inc. (NYSE: V) presented a good weekly buying opportunity in 2022 and it’s been rallying into new all time highs since then. Last year, we explained the Bullish Nest Structure taking place and the reasons to expect more upside for the stock. In this article, we continue exploring the bullish structure taking place within the weekly cycle and present our view for the rest of the year. Firstly let’s start by counting the swings sequence from October 2022. We clearly see 5 swings into new h...
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