The Nasdaq index is near to completing a 5-wave structure, which might be the end of wave (5) or the beginning! As we are currently in wave 4, the correction’s completion is expected to finalize the downward leg. Will we then see a reversal or just relief?
Crude oil prices have remained somewhat unchanged but based up regardless of the corrective structure. It seems the diagonal is very likely, we just need to be patient and see if it pans out as a leading or ending. For now, we’re still mixed, but a top is expected to be in soon.
Pound has a similar downward leg to ND but it’s a more clear bearish impulse. Since a 4th wave is expected to offer a short-term bearish opportunity, the low is kind of expected to be in soon as well. The question is where do the markets turn for the correction in primary four? Some levels revealed!
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.
Daily Elliott Waves Forecast: NASDAQ, WTI, CABLE (14.06.22)
The Nasdaq index is near to completing a 5-wave structure, which might be the end of wave (5) or the beginning! As we are currently in wave 4, the correction’s completion is expected to finalize the downward leg. Will we then see a reversal or just relief?
Crude oil prices have remained somewhat unchanged but based up regardless of the corrective structure. It seems the diagonal is very likely, we just need to be patient and see if it pans out as a leading or ending. For now, we’re still mixed, but a top is expected to be in soon.
Pound has a similar downward leg to ND but it’s a more clear bearish impulse. Since a 4th wave is expected to offer a short-term bearish opportunity, the low is kind of expected to be in soon as well. The question is where do the markets turn for the correction in primary four? Some levels revealed!
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.
Open account
Latest Posts
Amega launches a brand new client area… and the crowd goes wild!
16 November 2023Amega reduces spreads up to 50%
25 September 2023Amega is going to the Traders Fair South Africa, 2023
14 September 2023Copycats: How social trading is changing the game.
18 July 2023BRENT 14.07.2023
14 July 2023Categories
Tags