VRTX Elliott Wave forecast: Next bullish target at $556.9 – $646.4

Elliott Wave Forecast Team ElliottWave-Forecast.com

Vertex Pharmaceuticals Incorporated (VRTX), operates as Biotechnology company in the United States, Europe & internationally. It offers transformative medicines for people with serious diseases of different age groups. It comes under Healthcare – Biotech sector & trades as “VRTX” ticker at Nasdaq.

In weekly, VRTX confirmed higher high above November-2024 high expected in last article. It should continue rally towards 556.9 – 591 area in shorter cycle within May-2026 sequence. We like to buy the pullback in 3, 7 or 11 swings at extreme area, when reach.

VRTX – Elliott Wave latest weekly view

In weekly, it placed ((I)) at $306.08 high (July-2020) & ((II)) at $176.36 low (October-2021). Above there, it ended (I) of ((III)) at $519.88 high (November-2024) & (II) at $362.50 low (August-2025). Within (I), it ended I at $292.75 high, II at $233.01 low, III at $510.63 high, IV at $447.70 low & V at $519.88 high. Within extended III, it placed ((1)) at $324.75 high, ((2)) at $282.21 low, ((3)) at $448.40 high, ((4)) at $391.01 low & ((5)) at $510.63 high. It ended (II) in double three correction. It ended w at $377.85 low in December-2024, x at $519.68 high in March-2025 & y at $362.50 low in August-2025.

VRTX – Elliott Wave view from 3.23.2026

Above $362.50 low, it ended ((1)) at $507.92 high, ((2)) at $412.27 low & favors rally in ((3)) towards $556.87- $646.41 area. It ended (1) of ((1)) at $403.58 high, (2) at $374.17 low, (3) at $487.52 high, (4) at $450.67 low & (5) at $507.92 high. As expected, it ended ((2)) in price channel against August-2025 before rally continue. Within ((3)), it ended (1) at $456.68 high, (2) at $420.01 low & favors rally in (3). It expects five swings to unfold above $556.87 to finish ((3)). The rally can either in ((3)) as conservative view or can be (1) of ((3)) in more bullish case, if extends more. We like to buy the pullback in 3, 7 or 11 swings at extreme area, when reach.

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

GBP/USD stays offered near 1.3370

GBP/USD remains on the back foot, slipping back toward the 1.3370 zone on Tuesday. Cable has come under pressure soon after testing the 1.3400 neighbourhood as investors turned more cautious in response to renewed effervescence on the geopolitical front.

EUR/USD slips back to 1.1420, daily lows

EUR/USD now accelerates its daily retracement and revisits the 1.1420 region, or daily troughs. The pair’s decline comes amid the gain of upside momentum in the US Dollar amid renewed tensions in the Strait of Hormuz and a sell-off in Asian technology stocks.

Gold weakens toward $4,100

Gold adds to Monday’s decent pullback and trades close to the $4,100 mark per troy ounce on Tuesday. In the meantime, fresh geopolitical effervescence appear to have reignited inflation concerns, which in turn, limit any recovery attempt from the precious metal.

Bitcoin: BTC struggles despite renewed ETF inflows as Strategy sale impact fades

Bitcoin (BTC) falls below $64,000 on Tuesday, erasing part of the recent gains following six consecutive days of price rises. Institutional demand shows signs of recovery, with spot ETFs recording a second day of inflows through Monday after weeks of outflows.

Bye, forward guidance: How to trade when central banks choose silence

Central banks have spent years telling markets what might come next. Now, traders face the possibility that they say a lot less. From the Federal Reserve to the European Central Bank and the Bank of England, policymakers are pushing back against forward guidance, arguing that the current world demands more flexibility.