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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 Waves Forecast: EURUSD, SP500, GOLD (13.06.2022)
Euro has reversed below the $1.0818 invalidation level against the dollar as expected, but it has a structure that pokes the guidelines a bit. Without a rule violation, the downside is likely to continue towards the $1.0350 first. Before there, a short-term correction to $1.05 and beyond could be seen.
The SP500 index has not printed the 5-wave structure we expected to the upside, and turned, as suggested. Breaking 3800 could lead to an extended downward movement closer to 3500 and lower as this is major support, removing from the conviction of the main scenario and off to a bearish impulse.
Gold has printed a surprising upside leg but it revealed an open triangle pattern, which is part of a downward correction. A slight change in the count sees a faster upward reversal, but any count we look into, it’s more likely more downside is coming first.
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