Cisco Systems, Inc. (CSCO) continues to show a strong long-term bullish Elliott Wave structure, with the monthly chart indicating that the stock is progressing within a larger impulsive advance. Despite periods of consolidation and correction, the broader structure remains constructive and suggests further upside as the current bullish sequence develops.
The long-term Elliott Wave count shows that Cisco completed a major wave II low around the $5.21 level in 2002. From that point, the stock began a new long-term impulsive sequence in cycle degree red wave III, with wave ((1)) completing around 2007, followed by a prolonged corrective wave ((2)). Since then, Cisco has developed a substantial advance within wave ((3)), followed by a complex corrective structure in wave ((4)). The correction formed a contracting triangle with subdivisions labeled A-B-C-D-E, eventually completing around the 2024–2025 period.
CSCO Wave ((5)) Points Toward Higher Levels
Following the completion of wave ((4)), Cisco strongly turned higher and began developing wave ((5)). The internal structure of this advance shows an incomplete bullish sequence: win 3 swings with waves (1) and (2) already completed, followed by a powerful wave (3) advance. And the stock is currently consolidating within wave (4) before another potential impulsive move higher in wave (5).
The projected Elliott Wave path suggests that wave ((5)) could extend toward the $145–$150 area, which would mark the completion of wave III before a pullback develops in wave IV. Following that correction, the chart projects another advance as the broader structure continues.
Summary
The bullish outlook remains valid as long as Cisco stays above the key $5.21 invalidation level. Overall, the Elliott Wave structure continues to favor further upside, with the current correction potentially serving as a pause within the larger bullish trend.
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