Daily Elliott Wave Forecast: EURUSD, WTI, APPLE (29.04.22)

29 April 2022 Amega

Euro rose yesterday against the dollar after receiving rejection at 1.05. It seems the 3rd wave of the 5-wave downward move might have ended now and a slight correction higher could be seen.

Crude oil continued its ascend but it could find resistance provided its triangular structure holds pattern. The 110/bbl level has to be watched closely. Its break would invalidate the forthcoming leg C back down.

Apple has printed a bullish candle and looks poised for further upside to complete its expected 5th. A short-term downside move, however, will not invalidate this scenario. Expect the unexpected during corporate earrings!

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