Hiya everybody! In at present’s article, we’ll overview the current efficiency of Metals & Mining ETF ($XME) by way of the lens of Elliott Wave Principle. We’ll have a look at how the pullback from all-time highs unfolded as a textbook 3-swing correction and talk about what may come subsequent. Let’s discover the construction and the expectations for this ETF.
5 Wave Impulse Construction + ABC correction
$XME 1H Elliott Wave Chart 1.30.2026:
Within the 1-hour Elliott Wave rely from Jan 30, 2026, we noticed that $XME accomplished a 5-wave impulsive cycle at blue (3). As anticipated, this preliminary wave prompted a pullback. We anticipated this pullback to unfold in 3 swings, seemingly discovering consumers within the blue field space between $119.25 and $112.01.
This setup aligns with a typical Elliott Wave correction sample (ABC), by which the market pauses briefly earlier than resuming its main pattern.
$XME 1H Elliott Wave Chart 11.10.2025:
The newest replace, from Feb 10, 2026, reveals that the ETF bounced as predicted. At present, it’s buying and selling larger in wave (3) of ((1)) searching for continuation larger in the direction of new ATHs to complete 5 waves from the Jan thirtieth low.
Conclusion
To conclude, our Elliott Wave evaluation of Metals & Mining ETF ($XME) means that it stays supported towards Jan 2026 lows. Thus, merchants that purchased the dip ought to get threat free by reserving half earnings and shifting the cease loss to the current low. Moreover, maintain a watch out for any corrective pullbacks which will supply entry alternatives.
By making use of Elliott Wave Principle, merchants can higher anticipate the construction of upcoming strikes and improve threat administration in unstable markets.