The SPX500 is already down some 0.75% on Monday morning and it could continue to descend more aggressively based on its impulsive structure. Is this the correction completed though after the leading diagonal, or are we in for a flat surprise?
Yen has started to show decent signs against the greenback — finally. The pair has moved up to 127, where the RSI shows divergence while volumes increase, showing resistance. The upside looks impulsive indeed, however, some exhaustion can be spotted and a correction can start soon.
Natural Gas, on the other hand, shows no signs of stopping now as volumes suggest further upside when observed in combination with the daily bar formation. Perhaps, one more high can be printed, and if followed by divergence, the correction might start. Until then, we may even see double digits!
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Daily Elliott Wave Forecast: SP500, USDJPY, NATGAS (18.04.22)
The SPX500 is already down some 0.75% on Monday morning and it could continue to descend more aggressively based on its impulsive structure. Is this the correction completed though after the leading diagonal, or are we in for a flat surprise?
Yen has started to show decent signs against the greenback — finally. The pair has moved up to 127, where the RSI shows divergence while volumes increase, showing resistance. The upside looks impulsive indeed, however, some exhaustion can be spotted and a correction can start soon.
Natural Gas, on the other hand, shows no signs of stopping now as volumes suggest further upside when observed in combination with the daily bar formation. Perhaps, one more high can be printed, and if followed by divergence, the correction might start. Until then, we may even see double digits!
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
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