Elliott Wave technical analysis with trading signals for Gold, WTI Oil, SPX, NASDAQ, DJIA
NASDAQ
It is still in the 5th wave consolidation that can be finished only with a confirmed break below 13800. We have a break below 13800 and 5 waves upside is finished. Nasdaq is now in the third downside wave. Any bounces should be used for shorting the instrument.
GOLD
Gold invalidated the 5 waves’ impulsive decline and is in the extended 5th wave of the upside. We had 3rd wave finish at 2074 and a pullback in the 4th wave. Break above 1850 again is needed for a 5th wave extension which we have now and we are expecting an extension higher as long as it is above 1910.
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LEARN ELLIOTT WAVE ANALYSIS IN COMBINATION WITH PRICE ACTION!
