Daily Elliott Wave Forecast: NASDAQ, GOLD, NATURAL GAS (08.03.22)

8 March 2022 Amega

NASDAQ trades 4.35% lower so far this week, and its structure remains downwardly impulsive. Despite wave (5) forming an ending diagonal, correcting higher is possible as part of its final bearish zigzag in wave 5.

GOLD rose 2.60% in today’s session already, summing up its 22 gains to nearly ~15% and counting. It seems that the commodity exposes some exhaustion at highs, though, and a reversal could be seen soon. Are we really still in a wave (X) correction?

Natural GAS lost nearly 10% this week already, making the impulsive upward structure harder to form. Its formation brings several variations at play now, as it consolidates between $4 and $5. What will it end up being?


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