QQQ Short Term Cycle Nearing End; Pullback Likely to Attract Buyers
The short-term Elliott Wave outlook for the Nasdaq 100 ETF (QQQ) indicates that the cycle from the April 2025 low remains active. Wave (4) of the ongoing impulse concluded at 580.27, and the ETF has since resumed its upward trajectory. To confirm continuation, price must break above the prior wave (3) peak recorded on 30 October at 638.41. The rally from the 21 November wave (4) low has matured and is expected to complete soon, reflecting the natural rhythm of the Elliott Wave sequence. The advance from wave (4) has unfolded as a five-wave impulse. Within this structure, wave ((i)) ended at 586.25, followed by a corrective pullback in wave ((ii)) that terminated at 580.36. From there, the ETF nested higher. Wave (i) of the next sequence ended at 596.98, while wave (ii) pulled back to 589.4
Hello traders. As our members know we have had many profitable trading setups recently. In this technical article, we are going to talk about another Elliott Wave trading setup we got in Invesco NASDAQ ETF. Recently the ETF made a clear three-wave correction. The pull back completed as Elliott Wave Double Three pattern and made a decent rally. In this discussion, we’ll break down the Elliott Wave pattern and present targets. Let’s start by explaining the pattern. Elliott Wave Double Three Pattern Double three is the common pattern in the market. It’s a reliable pattern which is giving us good trading entries with clearly defined invalidation levels. The picture below presents what Elliott Wave Double Three pattern looks like. It has (W),(X),(Y) labeling and 3,3,3 inn
The rally in Silver from the 28 October low continues to unfold as a five‑wave impulse Elliott Wave sequence, though the structure remains incomplete. From that low, wave 1 advanced to 54.39, followed by a corrective pullback in wave 2 that concluded at 48.6. The metal then resumed its upward trajectory in wave 3, which itself subdivides into another five‑wave sequence of lesser degree. From the termination of wave 2, wave ((i)) reached 53.85, while the subsequent pullback in wave ((ii)) settled at 52.86. Momentum strengthened as wave ((iii)) extended to 58.84, before wave ((iv)) corrected modestly to 56.55. The market should now push higher in wave ((v)), thereby completing the larger wave 3. The potential termination zone for wave 3 aligns with the 100% to 161.8% Fibonacci extension of w
TXN Rebounds Strongly from Blue Box, Wave (3) Targets $285
TXN completed a zigzag correction from the July 2025 high, finishing right inside the blue-box support area where new buying interest emerged. The stock has since launched into a strong rally from that zone, putting buyers solidly in profit. Texas Instruments (TXN) is a global semiconductor company known for designing and manufacturing analog and embedded processing chips. With products used in everything from industrial equipment to personal electronics, TXN plays a critical role in powering modern technology. Its consistent innovation and strong market presence make it a closely watched stock in the tech sector. TXN completed its long-term grand supercycle wave ((II)) in October 2002, bottoming near $13. From there, the stock launched into a powerful two-decade advance as grand supe
Russell 2000 (IWM) Enters Correction Phase Following Impulsive Advance
The cycle from the April 2025 low in the Russell 2000 ETF (IWM) remains active. It is unfolding as a five‑wave impulse. Wave ((4)) of this sequence concluded at 228.18, as shown on the 45‑minute chart. From that level, the ETF advanced into wave ((5)). A decisive break above the prior wave ((3)) peak at 252.77, recorded on 15 October, is still required. Without that break, the risk of a double correction remains. Yet the rally from wave ((4)) has displayed impulsive traits, which favor continued upside momentum. From wave ((4)), the initial advance in wave 1 terminated at 237.11. A modest retracement in wave 2 ended at 235.18. The ETF then nested higher into wave 3. Within this third wave, wave ((i)) completed at 240.44. The pullback in wave ((ii)) ended at 239.24. The instrument extended
Sprott Physical Silver Trust (PSLV) Surges to a New All‑Time High
Sprott Physical Silver Trust (PSLV) is a closed-end fund managed by Sprott Asset Management. It provides investors with direct exposure to physical silver bullion. Unlike synthetic products, PSLV is fully backed by allocated silver bars. Below we will look at the long term Elliott Wave technical outlook of the instrument: PSLV Weekly Elliott Wave Chart PSLV Elliott Wave Chart The weekly chart indicates that PSLV established a major wave (II) low at 6.17 on August 29, 2022, which marked the beginning of a sustained impulsive rally. From that base, wave I advanced to 11.77, followed by a corrective wave II that bottomed at 9.61. The current wave III is unfolding as an impulse. Wave (1) peaked at 11.75 and pullback in wave (2) retraced to 9.97. The instrument then extended sharply in wave (3)
Bitcoin’s recent surge toward $91K has traders buzzing with excitment and some are already anticipating the start of next bullish leg, but the charts tell a different story. ProShares Bitcoin ETF (BITO) is flashing signs of weakness, with a potential retracement toward the $10.10 zone. In Elliott Wave terms, this suggests BTCUSD may still be consolidating in a corrective phase rather than gearing up for the next impulsive leg higher. Understanding these signals is critical for traders who want to avoid chasing momentum at the wrong time. 📉 BITO Bearish Sequence Points Toward $10.10 The ProShares Bitcoin ETF (BITO) completed its cycle from the November 2022 low back in March 2024. Since peaking in March 2024, the ETF has been trending lower, carving out what appears to be an incomplete bear
Bloom Energy (BE) Favors Bounce Towards $120.2 Before Lower
Bloom Energy Corporation., (BE) designs, manufactures, sells & install solid-oxide fuel cell systems for on-site power generation in the United States & globally. It offers Bloom Energy Server, a power generation platform to convert different fuels like Natural gas, Biogas, Hydrogen or blended fuel into electricity through electrochemical process. It comes under Industrials sector & trades at “BE” ticker at NYSE. BE is bullish impulse in weekly sequence. It ended wave I at $147.86 high started from February-2024 low. It favors correction in II in 7 or 11 swings. We like to buy the clear pullback in 7 or 11 swings pullback at extreme area. In weekly, it made all time low of $2.44 in October-2019. It placed (I) at $44.95 high of February-2021 & (II) at $8.41 low of February-2
Gold (XAUUSD) Prices Poised to Break Higher, Targeting 4358
Gold (XAUUSD) continues to exhibit a bullish sequence from the 28 October low, suggesting further upside potential. The rally from that low is unfolding as a five‑wave impulse, with wave 1 concluding at 4245.22, as reflected in the one‑hour chart. Following this, wave 2 developed into a zigzag Elliott Wave structure. From the peak of wave 1, wave ((a)) ended at 4144.97, while the subsequent rally in wave ((b)) terminated at 4211.31. The decline in wave ((c)) reached 3996.25, thereby completing wave 2 at a higher degree. The metal has since resumed its upward trajectory in wave 3, decisively breaking above the prior wave 1 peak. This confirms that the next leg higher has commenced. From the conclusion of wave 2, wave ((i)) ended at 4132.81. The corrective pullback in wave ((ii)) finished at
IBKR Wave Forecast: Wave III Targets 86 Next, With Long-Term Bullish Aim Toward 166
IBKR advances in a powerful Wave III structure, with Fibonacci projections pointing toward 86 in the near term and a long-term target of 166 USD—while maintaining bullish validation above 8.43. Interactive Brokers Group (NASDAQ: IBKR) continues to maintain a resilient bullish structure, supported by a clear Elliott Wave progression. The stock has recently completed a significant corrective phase and has now entered what appears to be an impulsive and potentially explosive bullish cycle. Understanding this wave structure is essential for traders looking for opportunities, especially as price action unfolds toward higher Fibonacci targets. Wave Counts Suggest IBKR Is in a Powerful Wave III After finishing wave (II) at the 8.43 USD level, the stock started wave (III), which represents a highe