PetrBorosh

PetrBorosh

Well, many expect the major reversal on EUR as USD seems to loose the momentum. As far as I am concerned, I would remain bearish till teh pair breaks up from the down-trend channel and confirms it. At this point I would be lookig at the resistance level to see the bearish movement continuation.

PetrBorosh

Well, even though the yields are slowing down and staying below 4%, market seems to wait for the next hike in December. So the Big Short is yet to come.

PetrBorosh

S&P is approaching a resistance in the down-trend. I think it could be an important place to observe.

PetrBorosh

From a technical perspective it seems to me that we may see a short correction before another FED's decision. Potentially it may make SPX take some weight, which - I believe - it will loose soon after.

PetrBorosh

For the time being I have no reason to be optimistic regarding DAX. I think it may complete the simple correction, getting to the resistance cluster and will continue down the hill.

PetrBorosh

I have drown numerous resistance levels for USDJPY so far - out of which none worked. I also lost a good number of stop losses - what should make me turn around and walk away from this pair long ago... But let me do this one more time. You think it will respect the technical resistance or will it ignore the level again?

PetrBorosh

I have absolutely no idea when JPY is going to revert....

PetrBorosh

Looks like the market at least sees the support (bottom of the uptrend channel + Butterfly D-point).

PetrBorosh

DAX is at W1 FR(0.50) level, what may be a significant support. Looking at traders sentiment, it is rather 50/50, but at least for today/tomorrow the next short term support may occur at H1 FR(0.786) - which is the D-point of Gartley pattern.

PetrBorosh Updated 

Oil reached the resistance cluster at downturn channel boarder + FR 0.50 + Butterfly pattern

PetrBorosh

DAX at support on the way down, potentially creating the But harmonic pattern (0.5 to 0.886)

PetrBorosh

Seems like Ozzie got to the support cluster, howevel no traces of exhaustion visible

PetrBorosh

Looks like we the third impulse of stock market contraction will take some time till May 2023 - more less.

PetrBorosh

Technical analysis is just drawing lines on the chart. I always wander why on earth they should work, when they are the fundamentals that actually drive decisions... Well... somehow those lines are sometimes respected. So, from a technical analysis perspective it seems to me that we could come back to bull market early next year. It would still be one of the...

PetrBorosh

Price getting inside resistance cluster = Overbalance + ABC.

PetrBorosh

Price reached the important resistance. Now the market will need to decide whether continue the rally or respect it and come back to the main trend.

PetrBorosh

The price at resistance - cluster of the downturn channel + FR 0.618 + FR 0.382 - together with not very optimistic data from jobless claims it may finish the oktoberfest...

PetrBorosh

Price just reacted to the significant support. Obviously a lot depends on the FEB decisions on the rates - and those may indicate rather continuation of the USD rally - but I think it is worth to be noticed.