To The Moon

DAX Chart of the Day: Wave 5 Signals More Upside The DAX (XETRA: DAX) continues to follow a bullish Elliott Wave structure after completing red wave 4 at 24,651. The index confirmed the resumption of the uptrend by breaking above the red wave 3 peak at 25,900, signaling that red wave 5 is now in progress. More importantly, the rally from the 21,863 low continues to unfold as a five-wave impulsive structure, keeping the broader trend firmly bullish while price remains above the 24,651 invalidation level. The 60-minute Elliott Wave chart shows that wave 5 is developing through a bullish nest structure in ((i))-((ii)) and (i)-(ii) sequence, while price is now advancing in wave (iii) of the next degree. Once wave (iii) reaches completion, we expect a corrective pullback in wave (iv) before buy

QS Approaches Key Bottom Structure Before a Potential Reversal Analysts remain cautious on QS because the company is still pre‑revenue and continues to burn cash. Even so, they highlight recent manufacturing progress and note that partnerships like Honda and Volkswagen keep long‑term potential alive. We see this mixed sentiment creating wide price targets and uneven expectations for the next quarters. At the same time, analysts warn that commercialization delays remain the biggest risk. However, they also point to strong liquidity and improving pilot‑line performance as positive signs. We expect these themes to dominate analyst commentary over the next three months as QS works to prove it can scale its solid‑state technology. Elliott Wave Outlook: QuantumScape (QS) Weekly Chart May 2026 El

NVIDIA (NASDAQ: NVDA) continues to follow our Elliott Wave forecast as the stock advances in red wave C to complete wave (B) of a larger Flat correction. The rally from the 188.76 low remains incomplete, keeping buyers in control over the short term. As long as NVDA holds above 188.76, the bullish outlook remains intact and favors further upside. The 30-minute Elliott Wave chart shows wave C developing as a five-wave impulsive advance, a common pattern in a Flat correction. The current bullish sequence remains incomplete, indicating that NVDA stock should continue higher before this corrective rally ends. Fibonacci analysis projects the completion of wave C between the 100% and 161.8% extensions of wave A, creating a target zone between 213 and 229. This area also marks a high-probability

GameStop Corporation (NYSE: GME) continues to develop a complex Elliott Wave structure on the weekly chart. After completing a major cycle-degree red wave III at $120.75, the stock entered a prolonged consolidation phase in red wave IV. The correction has taken the form of a sideways range and appears to be developing as a five-legged contracting triangle. The chart shows the triangle progressing through waves ((A))-((B))-((C))-((D))-((E)), with the final swings of wave ((E)) potentially still unfolding. This structure suggests that the wave IV correction may be approaching completion. GME 08.04.2026 Weekly Elliott Wave Chart GME Wave IV May Complete Near $11.89 And Wave V Could Target New Highs Following the 2024 low, GameStop started another corrective sequence. The chart shows wave (A)

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Walmart (WMT) New Investment Opportunity Below $100 Walmart (NYSE: WMT) ended its rally from the April 2025 low triggering a larger degree correction. We mentioned this idea earlier this year in our previous article. Today, we explain the Elliott Wave structure unfolding now. Our analysis leads to the next potential investment opportunity. Elliott Wave Analysis WMT’s last rally from the April 2025 Blue Box unfolded as a five-wave advance. This move ended at $135, marking wave (III). From that peak, the stock began a three-wave zigzag correction within wave (IV). Price already established the first two legs, “a” and “b”. Consequently, as long as WMT stays below the recent June peak of $116.80, further downside continuation should occur within wave C. Based on the a-b connector, WMT should r

Dow Jones Futures (YM) is pulling back to correct the cycle from the 45,430 low in wave 2. The Elliott Wave structure suggests that the index remains vulnerable to further downside in the near term, as long as it stays below the 53,105 high. The decline from the peak completed three swings within wave (w), followed by a corrective bounce in wave (x). This bounce ended at 53,105, and YM has since turned lower again. The current structure suggests that the index is developing another five-wave decline in wave (y), which could complete the larger wave 2 correction. We expect wave (y) to extend toward the 51,182–49,991 area. This zone represents the 100%–161.8% Fibonacci extension of wave (w) and could provide an important area for the next reaction. How YM responds there will help determine w

Hello fellow traders. As our members know, At Elliott Wave Forecast, we cover a wide range of Exchange-Traded Funds (ETFs), providing detailed Elliott Wave analysis and market insights across major indices, sectors, commodities, and specialized funds. Our ETF coverage includes key instruments such as GDX, IWM, QQQ, SPY, XLE, XLF, XLI, XLP, XLV, XLY, and XME. Using Elliott Wave methodology, we present trading setups, key levels, and potential market scenarios to help traders better understand price action and market cycles. In the following sections, we will explain ETFs in detail, covering how they work, the different types of ETFs, their advantages and risks, and how traders and investors use them in the market. Definition An ETF (Exchange-Traded Fund) is a collection of assets bundled in

The S&P 500 (SPX) is currently correcting the strong advance from the 6317 low to the 7620 peak in wave 2. Based on the current Elliott Wave structure, the index appears to be forming a flat correction. Sub-waves ((a)) and ((b)) look complete, and SPX is now progressing lower in the final five-wave decline of wave ((c)). We expect wave ((c)) to extend toward the 7193–6953 area. This zone represents the 100%–161.8% Fibonacci extension of wave ((a)) and could provide an area for the correction to find support and trigger another bounce. The structure still allows for the possibility of a deeper decline. However, as long as SPX remains above the 6317 low, we expect the pullback to eventually find support. The correction could complete in 3, 7, or 11 swings, depending on how the structure

Hello fellow traders. In this technical block we’re going to take a quick look at the Elliott Wave charts of NIFTY Index published in members area of the website. Recently, NIFTY completed a 3-wave corrective pullback following a 5-wave impulsive rally, creating a classic Elliott Wave bullish sequence. The index unfolded a clear 3-wave move lower from the peak and reached the Equal Legs zone, a key area where buyers were expected to step in. In the following analysis, we will examine the Elliott Wave structure in detail and discuss the potential market outlook from this support zone.   NIFTY Elliott Wave 1  Hour  Chart 07.23.2026 NIFTY is currently forming an intraday 3-wave pullback from the recent highs.  Correction looks incomplete at the moment. The price structure