Elliott waves for Forex correlation analysis

The previously updated wave scenario remains valid, though the price has been slow to decline. At the moment, it appears that a corrective phase is developing — one that is expected to resolve to the downside. This outlook is based on the potential extension of the third wave within a larger beari

Currently, Bitcoin’s price is not undergoing any major shifts. Buyers reacted to the recent sharp decline, but the resulting bounce was sluggish and unimpressive. This may indicate underlying weakness on the buyer’s side, suggesting the downward trend is likely to resume in an impulsive manner. At

The NASDAQ index is showing signs of stagnation, unable to break above its current levels. This raises questions about the completion of the presumed ending diagonal pattern, which also marks wave 5 in the broader impulsive structure. If the pattern is complete, an extended downward move could beg