World Index ETF with ticker $XWD has extended its rally for 261,8% Fibonacci retracement, which is ideal zone for wave 3, so current slow down can be just a higher degree ABC correction in wave 4. It’s now testing interesting and important textbook support at the former wave 4 swing low, 38,2% Fibonacci support area with equal wave length of waves 2=4. So, if we will get a sharp or impulsive rebound, then we may easly see a bullish resumption for wave 5 this year. Invalidation level is at 90.
Basic impulsive Elliott wave pattern shows that World Index is finishing wave 4 correction that can extend the rally for wave 5.
Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.
By using Wavetraders website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.wavetraders.com are provided for informational and educational purposes only!
By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.
Recommended Content
Editors’ Picks
EUR/USD stays pressured near 1.1350 on USD rebound
EUR/USD trades in negative territory at around 1.1350 on Friday. Renewed US Dollar strength on growing optimism surrounding the US-China trade war de-escalation keeps the pair undermined. Trade talks and US data remain in focus.
GBP/USD consolidates losses near 1.3300 after UK Retail Sales data
GBP/USD remains under moderate selling pressure near 1.3300 despite the upbeat UK Retail Sales data for March. The pair feels the heat of the solid US Dollar rebound, aided by a Bloomberg report, which indicated China may suspend its 125% tariff on select US imports.
Gold drops below $3,300 as market mood improves
Gold turns south following Thursday's rebound and trades below $3,300 on Friday. The move down comes amid growing optimism about a de-escalation of the US-China trade conflict after US President Trump hinted at the beginning of negotiations.
Ethereum: Accumulation addresses grab 1.11 million ETH as bullish momentum rises
Ethereum saw a 1% decline on Friday as sellers dominated exchange activity in the past 24 hours. Despite the recent selling, increased inflows into accumulation addresses and declining net taker volume show a gradual return of bullish momentum.
Five fundamentals for the week: Traders confront the trade war, important surveys, key Fed speech Premium
Will the US strike a trade deal with Japan? That would be positive progress. However, recent developments are not that positive, and there's only one certainty: headlines will dominate markets. Fresh US economic data is also of interest.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.