$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.
75-76 zone is a perfect one to join a bull extension party. Also an excellent low risk long trade entry. From this point an extension higher to 100 is extremely possible.
$DAX is reaching the peak of two Pitchfork channels 16000 and is being rejected by it. This is the opportunity for a short trade entry wit the stop loss above 16000
$USDJPY is pulling back after the break below the uptrend line and could test 108. We need to see a reversal from here to avoid this and a break above 110 again.
$HG_F #Copper is still within an uptrend supported by an uptrend line 4.0900 and this is a key level for the reversal pullback lower or continuation upside. There is also a reversal H&S potential and we need to see a significant break above 4.33000 to invalidate it
$EURUSD is testing the strong support confluence of the consolidation wedge and channel support 1.18300. Bounce from here is required for the upside reversal.
$DXY is testing the strong horizontal resistance 93 coupled with the falling trend line. Enough to spark a lot of volatility here because downside will pressure. Range play between 89 and 93 is expected to continue here so be careful with #USD long
$NASDAQ is moving inside the bullish wedge and bz recently breaking above the ascending triangle 14100 is opening the road to 15000-15500 zone
$BTC.X has found support at the known support trend line 30000 for the second time and this can produce another range swing upside #Bitcoin and a test of 365000.
$DXY 5waves down is still a great possibility #EURUSD 91 then 88 then 85-86
$EURUSD although below the 1.2200 is still firmly supported for the upside extension. Support zone spans from 1.2050-1.2100 and it is questionable whether the FOMC meeting will spark any volatility and direction or we will see further ongoing consolidation the whole week.
In this video, you will see the importance of the Elliott Wave and Price action trading analysis on the $Nikkei example and what trade to place
You can see in this video analysis is this a level where we expect #ETHUSD to pull back and where to look to build another buying position in this strong trend