NASDAQ formed an indecision bar on the daily chart after correcting to 14300. This is consistent with a larger correction in wave (B) as an ABC structure is expected to print. Is wave A of (B) complete though?
The Swiss franc weakened for a fifth consecutive day against the dollar on Thursday, supporting the bullish case. Is this the beginning of wave (3) or a simple correction leg that is part of the wider correction in wave (2)?
The prices of platinum are down for the week but yesterday’s price action provided a reversal formation. Is this because it printed wave 2 of the expected leading diagonal or only a short-term move that will turn lower in wave (C)?
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Daily Elliott Waves: NASDAQ, USDCHF, PLATINUM (08.04.22)
NASDAQ formed an indecision bar on the daily chart after correcting to 14300. This is consistent with a larger correction in wave (B) as an ABC structure is expected to print. Is wave A of (B) complete though?
The Swiss franc weakened for a fifth consecutive day against the dollar on Thursday, supporting the bullish case. Is this the beginning of wave (3) or a simple correction leg that is part of the wider correction in wave (2)?
The prices of platinum are down for the week but yesterday’s price action provided a reversal formation. Is this because it printed wave 2 of the expected leading diagonal or only a short-term move that will turn lower in wave (C)?
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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