BITSTAMP:BTCUSD is breaking below 27200 which should be a neckline of a H^S formation and a measured move to 24000
FX:NZDUSD is reaching 0.6380 level which was previously tested two times and is reversing from the top of the flag (reversal needs to be confirmed) for a new swing to 0.6100.
NSE:NIFTY is reaching the strong resistance area and a short trade here with a stop loss above 18000 is the viable trade to target 16000
NASDAQ:COST is breaking below the rising wedge 502 which is opening a nice short trade with a good risk to reward or buying put options. Target is 470-480 zone
NASDAQ:AAPL is in the narrow rising wedge and a break below 159 would confirm a reversal and swing lower in the so far bullish channel flag
You must be patient here with SP:SPX as it is testing again the 4150-4200 zone. It has the most bullish potential then the other Indices but it need a confirmed break above 4200.
This is a strong upside resistance zone 2010-2020 and the instrument $XAUUSD is within the rising wedge as the situation is looking quite bearish
$NZDJPY is retesting the confluence of the downside support a previously broken resistance 83. Rejection here would be an ideal short
$XAGUSD has breached 61.8% retracement and also is violating the idea of the 4th wave pullback but is not denying the high probability of a reversal lower from this resistance zone.
$EURUSD needs to attack once more 1.0870 to crush it for a confirmed continuation higher into targeted area. This week rejection does not look good and is indicating that we will probably need one more pullback before attack on this level.
$XAUUSD is reaching the strong upside resistance 2000-2040 zone which is on a test again as it was previously rejected. Expect hard trading around this levels and a possible pullback again as the wedge has been formed
An overview for 08.03.2023. futures market analyzed $SPX $DJIA $NASDAQ
$VIX is preparing lining up for a huge fear volatility spike. A break above the 28 level will lead to extreme upside acceleration
Just when it reached the high again, $FTSE violently reversed the upside and is breaking below the rising wedge and all the downsie resistances established lately. From here I am not seeing any breaks till 7400
$NASDAQ is extending lower and is on a way to test 14200 which is 50% retarcement of the latest swing higher. An eventual break below this level will accelerate decline. Look lower as long as it is below14500
$AUDUSD is pulling back after the rejection from 0.7700. On a weekly chart a sharp downside Pitchfork channel has been formed and a break below .7400 will confirm that this is a false upside break. The false upside break will lead to a downside channel continuation. Bounce here is required for this support to hold and to carry the pair higher.
$BTCUSD complex structure is calling for more weakness towards 28-30000 zone as long as the instrument is not able to break above 49000. We can see constant ongoing rejection from this level as the #Bitcoin is in the long-term triangle and downside channel. There is so called bullish mantra that Bitcoin is digital gold which is so far from the truth. Bitcoin is...
$DAX is testing 14000. A break below 14000 is needed for the downside reversal of the recent short-term upside trend and a continuation of the downtrend that has been triggered by a rejection from 16500. This would be the beginning of the second impulsive downside wave which should be the most violent and would lead to a break below the recent low.