Daily Elliott Waves Forecast: NASDAQ, WTI, CABLE (14.06.22)

14 June 2022 Amega

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!


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