Technical analysis is the study of historical market data to identify potential future price movements. It examines price action, trading volume, market trends, investor psychology, and recurring chart behavior to estimate the probability of future outcomes. While the tools used by technical analysts have changed significantly over time, the core idea has remained the same: markets often create recognizable patterns, and those patterns can help traders make more informed decisions. Today, technical analysis is used across stocks, forex, commodities, cryptocurrencies, indices, and other financial markets. From simple trend lines and chart patterns to advanced indicators and algorithmic models, it has evolved into a widely used framework for analyzing market behavior. The Early History of Te

Technology remains the engine of global growth, and in 2026, a handful of companies dominate innovation, market capitalization, and investor attention. From mega-cap leaders shaping the S&P 500 to emerging players in AI and quantum computing, these stocks define the future of tech. in Group 3 at Elliott Wave Forecast, we’re fortunate to track most of these leading tech stocks in real time. Apple Inc. (AAPL) Apple continues to reinvent consumer technology. The AI-driven iPhone upgrade cycle and double-digit growth in services revenue (App Store, iCloud, Apple Music) keep it at the forefront. With a market cap near $4.5 trillion, Apple remains a cornerstone of tech portfolios. Microsoft Corp. (MSFT) Microsoft’s strength lies in enterprise dominance. Azure AI is expanding at 20%+ growth,

In this Elliott Wave update, we look at the latest structure in Nvidia Corp. ($NVDA). The stock pulled back in a 7-swing corrective structure and reached the blue box area at 205.93–187.94, where buyers were expected to appear. As anticipated, the stock reacted higher from that support zone. Therefore, buyers who entered in the blue box can now look to get risk free as the recovery continues to unfold. 5 Wave Impulse + 7 Swing WXY correction $NVDA    $NVDA $NVDA Pulled Back in 7 Swings $NVDA Looking at the 4-hour chart, $NVDA remained within a broader bullish sequence, but it needed a corrective pullback before the next leg higher could resume. That decline unfolded in a 7-swing structure, which is a common Elliott Wave correction and often ends in a high-frequency support zone.

Align Technology (NASDAQ: ALGN) continues to maintain a bullish Elliott Wave structure despite the sharp decline from its 2021 peak. The monthly chart suggests that the stock completed a major wave III advance near the 700 area before entering a large corrective phase. While the correction has lasted several years, the larger bullish cycle remains intact. Following the wave III peak, ALGN began a complex correction that appears to be unfolding as a double three structure. The decline has already completed wave ((W)) and a connecting wave ((X)), while the final leg, wave ((Y)), remains in progress. The current Elliott Wave count suggests that wave IV is approaching an important support area. The projected blue box between 106.86 and 61.10 represents the 0.618–1.000 Fibonacci extension zone,

CrowdStrike (CRWD) enters June with momentum still shaped by its strong demand backdrop in cybersecurity and the broader rotation toward high‑quality growth. After its recent earnings beat, the market continues to price in elevated ARR growth and expanding margins, so the key expectation for June is whether buyers defend the current trend despite stretched valuations. Typically, post‑earnings digestion brings a period of consolidation, and June often becomes a “prove‑it” month where the stock either builds a base or extends higher if institutional flows remain supportive. At the same time, June could bring more volatility as macro data, rate expectations, and tech‑sector sentiment shift week to week. CRWD tends to react strongly to changes in risk appetite, so any uptick in yields or rotat

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of XLI ETF published in members area of the website.  As our members know SPDR Industrial ETF is bullish against the 156.14 pivot in first degree. Recently the ETF made a clear three-wave correction. The pull back completed as Elliott Wave Double Three pattern and made rally as expected. In this discussion, we’ll break down the Elliott Wave pattern and forecast. Elliott Wave Double Three Pattern Double three is the common pattern in the market , also known as 7 swing structure. 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)