Our earlier evaluate highlighted Robinhood‘s (NASDAQ: HOOD) bullish five-swing construction. Presently, we’re analyzing the weekly Elliott Wave sample. This research clarifies the continued correction and prepares us for the subsequent strategic part forward of a brand new bullish cycle.
Elliott Wave Evaluation
HOOD accomplished a five-wave advance from its 2022 low of $6.81. This rally peaked at $153.86, marking wave (I). Consequently, the inventory now requires a corrective part. This pullback will kind as a 3, 7, or 11-swing sample earlier than the uptrend resumes.
Presently, HOOD completed the primary three swings from the height. This transfer ended at $102.10 as wave ‘w’. Now, wave ‘x’ is in progress. Subsequently, wave ‘y’ will drive costs decrease. This decline might attain the $80 – $63 Fibonacci retracement zone (50% – 61.8%).
As soon as wave (II) finishes, Robinhood will launch wave (III). This new cycle ought to develop into the strongest rally inside the nesting construction from its all-time low.
HOOD Weekly Chart 12.28.2025
Conclusion
HOOD’s weekly bullish cycle stays firmly intact. Subsequently, buyers ought to goal shopping for alternatives inside weekly pullbacks. Make the most of our Elliott Wave technique for exact entry timing. Particularly, set up positions after a 3, 7, or 11-swing correction completes. Moreover, our proprietary Blue Field system pinpoints high-probability entry zones. Consequently, this disciplined technique gives readability and confidence. In the end, it positions merchants to seize the subsequent main bullish leg.
Supply: https://elliottwave-forecast.com/stock-market/robinhood-hood-can-dip-100-new-highs/