Elliott Wave View: S&P 500 E Mini Futures (ES) Consolidating, Traders Eye Next Move
The S&P 500 E-Mini Futures (ES) has largely traded sideways with a modestly bullish bias since October 2025. The short-term cycle, which began from the November 21, 2025 low, remains in progress as a five-wave Elliott Wave structure. Wave 1 concluded at 7043, marking the all-time high in the Index. Following this peak, price action shifted lower in a zigzag formation. Specifically, wave ((a)) ended at 6864.5, while wave ((b)) terminated at 7011.5, as reflected in the one-hour chart. Wave ((c)) then extended lower to 6791.6, completing wave 2 at a higher degree. From that point, the Index turned upward into wave 3. However, a decisive break above the wave 1 high at 7043 is still required to eliminate the possibility of a larger double correction. From the wave 2 low, wave (i) advanced t
Elliott Wave View on EURJPY Highlights 5 Swings Since Feb 13, Suggesting Upside Potential
From the January 23 high, EURJPY completed a measured three‑swing pullback that reached 180.78. This decline has been identified as wave (4) within the broader Elliott Wave structure. Following the completion of this corrective phase, the pair turned higher in wave (5). However, to fully confirm the bullish continuation and eliminate the possibility of a double correction, price must break decisively above the January 23 peak at 186.87. Until that level is surpassed, traders should remain aware of potential alternative scenarios. From the wave (4) low, the rally has unfolded in a clear five‑swing sequence, which favors further upside. Wave ((i)) advanced to 182.27, followed by a corrective pullback in wave ((ii)) that ended at 180.8. The pair then nested higher within wave ((iii)). Inside
Is Gold Ready to Extend Higher? Elliott Wave Perspective
Spot Gold (XAUUSD) reached an all-time high of $5598.75 on January 29 before undergoing a sharp correction to $4402.40 on February 2. From that low, the metal began a recovery that can be characterized as a nesting impulse. This structure reflects a sequence of advancing waves, each building upon the prior move to sustain upward momentum. From the February 2 low, wave ((1)) concluded at $5091.95, while the subsequent decline in wave ((2)) found support at $4655.30, as illustrated on the one-hour chart. Following this, the market advanced into wave ((3)), which itself nested higher. Within wave ((3)), wave (1) terminated at $5119.16, and the corrective pullback in wave (2) ended at $4841.32. The internal subdivision of wave (2) unfolded as a double three Elliott Wave pattern. Specifically,
EURCAD Sell Trade Setup 1. Bearish divergence market patterns. (Red lines) 2. Bearish supply zones respected. (Gray & Green boxes) 3. Price reacting lower from the boxes. 4. Entered SELL trade at 1.6148 with Stop Loss at 1.6168 and minimum target 1.5R 1.6118 maximum target 3R 1.6088 EURCAD 15 Minute Chart February 23 2026 EURCAD, trading, elliottwave, bearish market patterns, forex, @AidanFX, AidanFX A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup. We at EWF never say we are always right. No market service provider can forecast markets with 100% accuracy. Only thing we at EWF 100%, is that we are RIGHT more than we are WRONG. Of
ASML Holding N.V., (ASML) provides lithography solutions for the development, production, marketing, sales, upgrading & servicing semiconductor equipment systems. It also offers hardware, software & services to chipmakers to produce the patterns of integrated circuits. It comes under Technology sector & trades as ‘ASML’ ticker at Nasdaq. ASML is bullish in weekly & favors rally to extend April-2025 sequence explained in previous article. It expects rally to extend into $1536.7 – $1604.8 area, while holding above 2.04.2026 low. ASML – Elliott Wave Latest Daily View: In weekly, it ended (I) at $895.93 in September-2021 & (II) at $363.15 low in October-2022. Above there, it is showing nest as trend channel broken upward & favors rally against April-2025 low. Above Octo
IBEX Latest 1-Hour Elliott Wave Chart From 2.20.2026
IBEX Validates Elliott Wave with Spot-On Blue Box Reaction By Hassan SheikhFebruary 23, 2026 · 2 min read In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of IBEX. We presented to members at the elliottwave-forecast. In which, the rally from the 07 April 2025 low is unfolding as an impulse structure. Also showed a higher high sequence suggested that index should see more upside extension to complete the impulse sequence. Therefore, we advised members not to sell the index & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below: IBEX 1-Hour Elliott Wave Chart From 2.13.2026 Here’s the 1-hour Elliott wave chart from the 2.13.2026 New York update. In which, the short-term cycle from the 11
Elliott Wave Perspective: MAGS Poised to Correct Cycle from April 2025 Low
The Roundhill Magnificent Seven ETF (MAGS) is an ETF which provides equal‑weight exposure to the “Magnificent Seven” tech giants. The ETF consists of Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. Launched in April 2023, it offers investors a simple, efficient way to capture the performance of these market‑leading innovators. Below we will update the Elliott Wave technical outlook for the ETF. MAGS Weekly Elliott Wave Chart On the weekly Elliott Wave chart of the Magnificent Seven ETF (MAGS), the rally from the all‑time low culminated in wave (I) at $58.69 in December 2024. The rally unfolded as a five‑wave impulse structure. The ETF then corrected in wave (II), which bottomed at $39 in April 2025. From that low, MAGS resumed higher in wave (III) as a nested sequence, advanci
Gold has completed a 7-swing corrective decline in wave B at 4838 and has since turned higher, signaling the start of a new impulsive sequence in wave C. The reaction from 4838 was decisive, suggesting that the correction has likely ended and buyers have regained control of the short-term trend. Within wave C, we have already seen a clear five-swing advance in wave ((i)), confirming the impulsive nature of the move higher. Following that advance, the market is now correcting in wave ((ii)). At this stage, wave ((ii)) may have already completed; however, there remains a possibility of one more marginal low between 4966 and 4937 to complete a three-swing pullback from the recent peak. As long as price remains above the wave B low at 4838, the overall outlook continues to favor further upside
Coca-Cola (NYSE: KO) Aiming for Triple-Digits ($100)
Coca-Cola Co (NYSE: KO) continues setting new record highs weekly. In this article, we analyze its weekly Elliott Wave structure. Our analysis reveals the current bullish breakout path and key upside targets. Elliott Wave Analysis KO is advancing within a nesting structure from its 2023 low. Wave ((1)) ended at $73.53. Subsequently, Wave ((2)) corrected to $60.62. Next, Wave (1) reached $74.38. Then, Wave (2) finished at $65.35. Currently, acceleration unfolds within wave 3 of (3). Therefore, at least three more swings higher should occur. This incomplete bullish sequence supports continued upside within the weekly cycle. The initial wave (3) target is the $82 – $89 equal legs area. Furthermore, the full wave ((3)) projection targets the $101 Fibonacci 1.618 extension. This zone should pre
SPX Completes Correction and Turns Higher in Wave 3
S&P 500 completes wave 2 pullback near 6775.50 and resumes bullish momentum above the blue box. The S&P 500 (SPX) appears to have completed its pullback in red wave 2 at the equal legs area near 4776, unfolding in a corrective 7-swing structure. From that support zone, price has turned higher, suggesting wave 3 is now underway. While there remains a possibility that the correction could extend into an 11-swing structure toward the 1.618 Fibonacci extension around 6440, but we are taking a more aggressive stance that the pullback has already ended. The strong reaction from the blue box area reinforces the bullish outlook and supports the idea that buyers have regained control. Wave 3 typically represents the strongest and most impulsive leg within the Elliott Wave sequence. Early pr