Elliott Wave Blog -

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

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 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. Analysts from FXStreet indicate the current rally from