Euro has made an impressive comeback against the dollar, but is this the reversal everyone expected? There are several short-term variations at play and a few of them will give us invalidation soon.
Gold prints our main scenario where the minute wave 3 is going to be extended lower. Minuette wave (i) is completed, but it’s the correction in (ii) that may not be done yet in the short term. Otherwise, minor 3 incoming!
Natural Gas continues to impress and despite its upward move looking corrective, it could go either way as it can be both a flat or triangle correction wave, or a diagonal. Can it break beyond its previous high?
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.
Daily Elliott Wave Forecast: EURUSD, GOLD, NATGAS (18.05.22)
Euro has made an impressive comeback against the dollar, but is this the reversal everyone expected? There are several short-term variations at play and a few of them will give us invalidation soon.
Gold prints our main scenario where the minute wave 3 is going to be extended lower. Minuette wave (i) is completed, but it’s the correction in (ii) that may not be done yet in the short term. Otherwise, minor 3 incoming!
Natural Gas continues to impress and despite its upward move looking corrective, it could go either way as it can be both a flat or triangle correction wave, or a diagonal. Can it break beyond its previous high?
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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