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

Likely in a reversal phase following stalls in US-Iran peace negotiations.

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.

Elliott Wave Market Brief: Navigating April’s Turning Points

Elliott Wave Outlook: Oil (CL) Zigzag Rally Targets $110 Area

Upside targets are set at , with 1.3620 serving as the critical invalidation level.

: 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

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 May 2026

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

Likely in a reversal phase following stalls in US-Iran peace negotiations.

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. ELLIOTT WAVE BLOG

Elliott Wave Market Brief: Navigating April’s Turning Points

Elliott Wave Outlook: Oil (CL) Zigzag Rally Targets $110 Area Analysts from FXStreet indicate the current rally from

Upside targets are set at , with 1.3620 serving as the critical invalidation level.

: 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 : Presumed to be starting wave v of 1 on the H4 chart

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