In this recording of our latest Elliott Wave Live webinar, I walk through the current market environment and explain what I’m watching very closely this week across FX, indices, commodities, and crypto.
We start with the macro backdrop, where sentiment has shifted quite quickly. At the end of last week, markets were moving higher on optimism around a potential US–Iran deal, stocks were recovering, and the dollar was weakening. But over the last 48 hours, that optimism faded, uncertainty picked up again, and we’ve already seen the impact, crude oil is rebounding, the dollar is trying to stabilize, and risk assets are showing hesitation with some gaps across markets.
In the webinar, I explain how this fits into the broader Elliott Wave picture. We are not just reacting to headlines, we are tracking structures. For example, the recent dollar weakness looks corrective, which means a near-term rebound is possible, especially if we see confirmation from Treasuries and yields. At the same time, stocks are trading near highs with sentiment turning more optimistic again, which is something to be careful with from a higher time frame perspective.
I also go through key levels and scenarios across EURUSD, USDJPY, AUDUSD, indices like SPX and DAX, as well as gold, crude oil, and cryptocurrencies. The focus is on identifying where current moves are corrective versus impulsive, and where potential turning points could develop in the coming sessions.
If you want to understand the bigger picture, see the exact wave counts, and get a clearer idea of what to expect next, I invite you to watch the full recording below.
GH
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