

others
S&P/TSX 60 Index Elliott Wave technical analysis [Video] – Crypto News
S&P/TSX 60 Elliott Wave technical analysis – Day chart
Function: Bullish Trend.
Mode: Impulsive.
Structure: Orange wave 1.
Position: Navy blue wave 3.
Direction next lower degrees: Orange wave 2.
Details: Navy blue wave 2 appears complete; orange wave 1 of wave 3 is developing.
Invalidation level: 1339.
The daily Elliott Wave analysis for the S&P/TSX 60 indicates a bullish trend supported by impulsive price action. The current structure shows orange wave 1 forming within navy blue wave 3, signaling the onset of a broader upward trend. The next lower-degree movement expected is orange wave 2, a corrective pullback likely to follow wave 1’s completion.
Analysis shows navy blue wave 2 has concluded, and orange wave 1 is now advancing. This development supports growing bullish momentum and the potential for further upward movement. If the price drops below 1339, the wave count becomes invalid, requiring a re-evaluation of the trend.
The impulsive wave structure reflects increased buying strength, with the invalidation level of 1339 serving as a vital support level. As long as the price remains above this mark, the bullish setup remains intact. Traders are advised to monitor for the end of orange wave 1 and prepare for orange wave 2’s retracement before a potential rise in wave 3 resumes.
S&P/TSX 60 Elliott Wave technical analysis – Weekly chart
Function: Bullish Trend.
Mode: Impulsive.
Structure: Navy blue wave 3.
Position: Gray wave 3.
Direction next lower degrees: Navy blue wave 4.
DETAILS: Navy blue wave 2 appears complete; navy blue wave 3 of gray wave 3 is active.
Invalidation Level: 1339.
The weekly chart of the S&P/TSX 60 index reveals a strong bullish trend using Elliott Wave analysis. The chart identifies navy blue wave 3 within a larger gray wave 3, highlighting an impulsive upward movement. The next anticipated structure is navy blue wave 4, which typically represents a brief corrective phase before the continuation of the trend.
Based on the analysis, navy blue wave 2 has likely finished, and wave 3 is in progress, indicating rising bullish momentum. A drop below the 1339 level would invalidate the current wave count and prompt a reassessment of the market’s direction.
The impulsive price action signals sustained buying strength, reinforcing the bullish narrative. Traders should track the evolution of navy blue wave 3, watching for signs of its completion and the beginning of wave 4. The invalidation point at 1339 remains a critical marker to uphold this trend view.
This framework aids traders in forecasting potential price moves and making strategy adjustments. As long as prices stay above the invalidation level, the outlook remains positive for further gains in the S&P/TSX 60 index.
S&P/TSX 60 Index Elliott Wave technical analysis [Video]
-
Technology6 days ago
Best 5G phones under ₹10,000 in July 2025: Infinix Hot 60, Samsung M06 and more – Crypto News
-
Cryptocurrency1 week ago
Scaling the Future: Bitcoin.ℏ’s 10,000 TPS Advantage with Hedera Hashgraph – Crypto News
-
Cryptocurrency1 week ago
ETH to Lead BTC Over Next 6 Months, Says Galaxy CEO – Crypto News
-
Technology1 week ago
Why is Shiba Inu Price Up Today? – Crypto News
-
others6 days ago
Japan CFTC JPY NC Net Positions rose from previous ¥103.6K to ¥106.6K – Crypto News
-
Blockchain6 days ago
Tether Gold (XAUt) Market Cap Soars as Gold Hits Record Highs in 2025 – Crypto News
-
others1 week ago
Arthur Hayes-Backed Altcoin Outpaces Crypto Market Amid Launch of New Partnership With Anchorage Digital – Crypto News
-
Cryptocurrency1 week ago
ETH to Lead BTC Over Next 6 Months, Says Galaxy CEO – Crypto News
-
Technology6 days ago
Who is Shengjia Zhao? ChatGPT co-creator named Chief Scientist at Meta’s Superintelligence Labs – Crypto News
-
Cryptocurrency1 week ago
Bitcoin Cash up 7% as bulls defy BTC dump, eye gains on rising volume – Crypto News
-
Cryptocurrency1 week ago
Friday charts: Crazy train investing – Crypto News
-
others1 week ago
US Dollar finds support amid Fed uncertainty and tariff talks – Crypto News
-
Technology1 week ago
‘Screwed up’: Sam Altman warns against using ChatGPT as your lawyer or therapist – Crypto News
-
Cryptocurrency6 days ago
Market update: Bitcoin rises after US-EU announce framework trade agreement – Crypto News
-
Cryptocurrency5 days ago
Bitcoin and Ethereum ETFs Pull in Record-High $11.2 Billion in July – Crypto News
-
Metaverse4 days ago
OpenAI rolls out ‘Study Mode’ in ChatGPT: What is it? How to use? All your questions answered… – Crypto News
-
De-fi1 week ago
Windtree Therapeutics Plans $520 Million Raise, 99% for BNB, Secures $500M Equity Line, Uses Kraken Custody – Crypto News
-
Business1 week ago
Buy DexScreener Reactions – Boost Legends: Guide + $5 Bonus – Crypto News
-
De-fi6 days ago
ETH Unstaking Queue Hits Record High, Led by Justin Sun-Linked Addresses – Crypto News
-
others5 days ago
‘Sit Tight With Bitcoin’ Robert Kiyosaki Predicts Great Depression 2.0 – Crypto News
-
Business5 days ago
Ethereum Breaks $3,900 as SharpLink Makes Another $295M ETH Purchase – Crypto News
-
Business5 days ago
Breaking: US SEC Delays Launch Of Truth Social’s Bitcoin ETF And Grayscale’s Solana ETF – Crypto News
-
Blockchain1 week ago
BNY, Goldman Launch Blockchain Solution – Crypto News
-
De-fi1 week ago
Goldman Sachs, BNY to Launch Tokenized Money Market Fund – Crypto News
-
Metaverse1 week ago
How AI can weave a future for Kashmir’s centuries old carpet industry – Crypto News
-
Cryptocurrency1 week ago
Tea App That Claimed to Protect Women Exposes 72,000 IDs in Epic Security Fail – Crypto News
-
Technology6 days ago
Indias startup wave merges AI with tradition for smarter daily solutions – Crypto News
-
Cryptocurrency5 days ago
ZK breakthroughs, onchain comebacks and stablecoin shakeups – Crypto News
-
Technology5 days ago
Solayer Launches USDC-Powered Hotel Booking Platform To Give Crypto Travel a Boost – Crypto News
-
others5 days ago
EUR/USD dives as the US Dollar outperforms with all eyes on the Fed decision – Crypto News
-
Technology4 days ago
Spotify hits 276M subscribers and strong user growth in Q2, but revenue and profit fall short of targets – Crypto News
-
others4 days ago
Blockchain Gaming Is Growing Up – What’s Behind the Sector’s Quiet Comeback – Crypto News
-
Technology3 days ago
Coinbase exchange targets alleged cybersquatter in lawsuit – Crypto News
-
Business3 days ago
Stablecoins Won’t Boost Treasury Demand, Peter Schiff Warns – Crypto News
-
Blockchain2 days ago
SEC Crypto ETFs Ruling Brings Structural Fix, Not Retail Shakeup – Crypto News
-
Cryptocurrency2 days ago
XRP inflows drop 95% since July spike, while Chaikin data signals possible rally – Crypto News
-
De-fi6 days ago
Bank of America Says U.S. Lenders Ready Stablecoin Launches – Crypto News
-
Technology5 days ago
Just In: $111B Brokerage Giant Interactive Brokers Explores Stablecoin for Funding – Crypto News
-
others5 days ago
Breaking: PayPal to Let Merchants Accept Payments in Over 100 Cryptocurrencies – Crypto News
-
Business3 days ago
Chase Launches $4 Million Grant Program as Restaurants Struggle – Crypto News
-
Technology3 days ago
Is AI causing tech worker layoffs? Thats what CEOs suggest, but the reality is complicated – Crypto News
-
Business2 days ago
Breaking: Solana ETFs Near Launch as Issuers Update S-1s With Fund Fees – Crypto News
-
Technology2 days ago
Coinbase to Offer Tokenized Stocks and Prediction Markets in U.S. – Crypto News
-
Blockchain21 hours ago
Bank of America Sees Interest in Tokenization of Real-World Assets – Crypto News
-
Business1 week ago
Breaking: White House To Release Crypto Policy Report On July 30 – Crypto News
-
others1 week ago
Court Approves $1.9B Reserve Release, Enabling Next FTX Distribution – Crypto News
-
Business1 week ago
Elon Musk’s Tesla Reports $284 Million Gain On Bitcoin Holdings – Crypto News
-
Metaverse1 week ago
OpenAI finally rolls out ChatGPT Agent after week-long delay: How it works – Crypto News
-
Cryptocurrency1 week ago
Nasdaq-listed Wellgistics Health adopts XRP Ledger for real-time payments – Crypto News
-
Blockchain1 week ago
Spot Ether ETFs Hit $453M in Inflows, Extend 16-Day Streak – Crypto News