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.
$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
$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
$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.