Elliott Wave Outlook: Oil (CL) Zigzag Rally Targets $110 Area
Upside targets are set at , with 1.3620 serving as the critical invalidation level. ELLIOTT WAVE BLOG
Equity markets are currently in a high-stakes "Wave 5" environment. : The index reached a new all-time high on April 22. Elliott Wave Outlook: Oil (CL) Zigzag Rally Targets
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 As of , major indices and commodities are
: The bullish structure remains valid as long as it holds above the support zone. Nasdaq 100 (NDX) : Current momentum is consistent with a final 5th wave. Projections suggest a potential peak near by late April. Commodities & Forex Highlights
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.
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 :