NASDAQ hitting the key resistance NASDAQ has been rejected from 13300 again. This is a downtrend line and a Schiff Pitchfork downside channel median line coupled with the 50% of the March-June swing lower retracement. Only a confirmed break above 13400 could invalidate the downside continuation which is at […]
NASDAQ downside reversal in hands Read More »
AUDUSD rejected from the strong upside resistance/downside support AUDUSD has been rejected from 0.7000. This is a strong horizontal upside resistance coupled with falling trend line and a break below 0.6850 again would lead definitely to a downside continuation as the pair is still in the downtrend and is
AUDUSD downside to continue Read More »
DAX is facing the strong upside resistance/downside support DAX has been rejected from 13800. This is a strong horizontal upside resistance coupled with 61.8% Fibonacci retracement of the latest swing down. A rejection here and a confirmed reversal lower with a break below 13250 will lead to a downside
DAX upside resistance rejection Read More »
Copper is reversing lower from the important resistance Copper has been rejected from 3.6 after the bounce. This could be the most important indication, that the downtrend which is targeting 2.2 in extension, could resume. The upside correction is losing its strength and has formed a bearish wedge. Note:
Copper downside continuation Read More »
TLT to test 116 for a bearish downside breakout TLT bounced from 108 and has reached 120. This price action formed a bearish wedge with 116 as the strong downside resistance. We need to see a break below this level for a complete wedge downside breakout and a continuation
TLT bearish wedge on a test Read More »
