Our earlier assessment highlighted Robinhood‘s (NASDAQ: HOOD) bullish five-swing construction. At the moment, we’re analyzing the day by day Elliott Wave sample. This research clarifies the continuing correction and prepares us for the subsequent strategic part forward of a brand new bullish cycle.
Elliott Wave Evaluation
HOOD accomplished its five-wave advance in Wave I at $153.86 in October 2025. Since then, a bigger Wave II correction has begun. This preliminary pullback ought to unfold as a three-wave zigzag sample (a-b-c). The projected decline targets the Blue Field space $87 – $55 .
Our Blue Packing containers mark high-frequency reversal zones. From this space, HOOD will both rally to new highs or produce a three-wave bounce. Nevertheless, if the rally fails, a double three (w-x-y) correction may type later this 12 months. This is able to create one other shopping for alternative.
Consequently, this Wave II pullback presents a strategic entry level. Afterwards, the inventory will resume its weekly bullish pattern. Lastly, it will ignite a brand new rally towards larger highs in Wave III.
HOOD Every day Chart 2.2.2026
Conclusion
HOOD’s core weekly uptrend stays firmly bullish. Subsequently, merchants ought to goal strategic entries throughout day by day pullbacks. Apply our Elliott Wave methodology for exact timing. Extra exactly, enter the market after a 3, 7, or 11-swing correction finishes.
Moreover, our proprietary Blue Field system identifies high-probability reversal zones. This disciplined strategy gives readability and confidence. Finally, it positions you to seize the subsequent main advance.
Supply: https://elliottwave-forecast.com/stock-market/hood-next-high-probability-zone/