SPX500 continues to descend on Tuesday, down over 3% at the time of writing. Can this still be a wave (2) correction, or are we in for a fresh low now? Critical week for the medium-term direction of the SPX index.
Dollar seems to weaken against yen as prices continue to consolidate in a symmetrical formation. The structure observed resembles a triangle, with a potential completion near the 114/114.5 range. Truncated wave E or not, the risk-to-reward ratio is decent.
NaturalGas fell 6% in the early trading session due to what seems to be a profit-taking action by investors. Having possibly completed the correction in lower and higher degrees, the commodity is poised to ascend. $4.30 makes significant support.
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Daily Elliott Wave Forecast: SPX500, USDJPY, NATGAS (22.02.22)
SPX500 continues to descend on Tuesday, down over 3% at the time of writing. Can this still be a wave (2) correction, or are we in for a fresh low now? Critical week for the medium-term direction of the SPX index.
Dollar seems to weaken against yen as prices continue to consolidate in a symmetrical formation. The structure observed resembles a triangle, with a potential completion near the 114/114.5 range. Truncated wave E or not, the risk-to-reward ratio is decent.
NaturalGas fell 6% in the early trading session due to what seems to be a profit-taking action by investors. Having possibly completed the correction in lower and higher degrees, the commodity is poised to ascend. $4.30 makes significant support.
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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