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Amega Global Ltd is an investment company authorised and regulated under the Financial Services Commission, Mauritius, Investment Dealer Licence: GB22200548. Findeavour Ltd is authorised as a technology service provider to Amega Global Ltd. Company number 12971852, United Kingdom.
No services are provided to residents or citizens of the USA, North Korea, Iran, Mauritius and the Russian Federation. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read and ensure you fully understand our Risk Disclosure Policy before investing.
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Daily Elliott Wave Forecast: NASDAQ, WTI, GBPUSD (17.05.22)
NASDAQ stopped at a Fibonacci cluster and reversed after forming a 5-wave leg downward. Can this turn into a full-blown reversal or only a short-term correction?
OIL completed the flat pattern expected and started to move higher in its 3rd wave. Without breaking the base channel, however, it could easily turn into a double three, albeit unlikely.
The British pound has likely completed its 5th wave in (3) and corrects in (4) unless the 5th turns into an ending diagonal instead. According to guidelines, a double four could be seen.
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