In this technical blog, we will take a look at the past performance of the 1-hour Elliott wave charts of the Exxon Mobil Corporation symbol: XOM. The rise from the low of November 25, 2025 appeared as a driving structure. But it showed a higher high sequence that favored further bullish extension. Therefore, we advised members not to sell the stock and buy dips in 3, 7 or 11 swings in the blue box areas. We will explain the structure and expectations below:
XOM 1-Hour Elliott Wave Chart from 1.08.2026
Here is the 1-hour Elliott wave chart from the pre-market update dated 1.08.2026. The cycle ended from the low on November 25, 2025 in wave 1 at a high of $128.57. From there, the stock pulled back in wave 2. The interior of this pullback unfolded as a zigzag Elliott wave correction where wave (a) ended at the low of $122.39. After that, the bounce to the highest wave at 126.20 USD ((b)) and the wave ((c)) managed to reach the blue box area at 120.01 USD – 116.18 USD. From there, buyers are expected to emerge looking for the next stop higher or the minimum of the three-wave retracement.
XOM latest 1-hour Elliott wave chart from 1.21.2026
This is the latest 1-hour Elliott Wave chart from the after-market update on 1.21.2026. XOM shows a very nice reaction to the upside, right after finishing the zigzag correction inside the blue box area. Allowing members to create a risk-free position shortly after taking a long position in the blue box area. Since then, the stock has made new highs to once again confirm the next uptrend towards the target area of $132.34-$141.28 before profit taking and the next pullback occur.
