Upside targets are set at , with 1.3620 serving as the critical invalidation level.
Volatility in energy and metals is creating distinct Elliott Wave setups. : Currently unfolding an ABC zigzag rally . The short-term target is the extension area around $110.54 . Gold : ELLIOTT WAVE BLOG
Traders should look for confirmation through volume before committing to a new directional trend. : Presumed to be starting wave v of 1 on the H4 chart. Upside targets are set at , with 1
As of , major indices and commodities are approaching critical Fibonacci clusters. After recent volatility, several assets are finishing corrective phases and setting the stage for their next impulsive moves. Equity Indices: S&P 500 & Nasdaq 100 The short-term target is the extension area around $110
Likely in a reversal phase following stalls in US-Iran peace negotiations.
Elliott Wave Outlook: Oil (CL) Zigzag Rally Targets $110 Area
Analysts from FXStreet indicate the current rally from late March is likely the fifth wave of a five-wave impulse. : Initial resistance is near , with a secondary equality measure at