Rotuma

Rotuma

The medium-term targets to the downside are marked on the chart.

Rotuma

The medium-term targets to the downside are marked on the chart.

Rotuma

SPX broke through the 4040 critical resistance line in Thursday's trades but will be challenged at 4082.50, an area of resistance in the past, as highlighted in the attached price chart. 4040 is now a major support which could be tested if it fails to breakout at 4082.50.

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What do BTC/USD and Nasdaq Composite price charts have in common? A bear flag. The current price structure in the four-hour time frame points to further moves to the downside if BTC fails to hold above 17894. BTC/USD could head back down to 16000 and 15696 if it falls and remain below 16430

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Would you consider buying TSLA at 85? or do you see the price falling further down? 85 is a critical level based on the current price cycle. Not financial advice; the analysis is based on my technical indicator for educational purposes only. You can follow my work for future updates and short to long-term forecasts on the stock market as we navigate through...

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The rising wedge price pattern marked on the price chart is a technical indicator of a potential pullback that could occur in the near future. Bank Nifty's solid uptrend will be tested at the 41620 critical trading zone parallel to previous trading activities in October 2021, September 2022, and November 2022. Buyers must rigorously defend the 41620 zone to avoid...

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The nifty 50 Index fell three consecutive sessions, falling below the 18342 support line around the rising wedge and 18036 critical support zone in Friday's session, as indicated in the price chart. 18036 crucial area is a level to watch, as demonstrated in the past, where it served as support and resistance since October 2021. Bulls will need to reclaim 18036 to...

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Nasdaq Composite Index(IXIC); A strong continuation of technical downtrends on display in the daily time frame. Two technical patterns need to be observed in the daily chart. The bearish flag pattern outlined in blue and the long-term price channel developed during the Covid-19 pandemic both aligned with the 10353 support line, which could trigger a sell-off....

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Dow Jones (DJI) fell below the crucial support line in Friday's trades following multiple failed attempts to break out at August 2022 highs. The index is currently on the verge of collapsing based on the previous activities around this area - May, June, and August 2022 and will need to hold above 33264 to avoid a major sell-off. Critical support estimates at...

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S&P 500 had two attempts to break through the critical resistance trendline highlighted in the daily chart in the last two weeks and failed. Friday's session closed at 3852, below 3860 crucial support zone, and will be closely watched by institutional traders in the next session. Bears are currently in control, indicated in the volume spike, and will try to...

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Nasdaq 100 ETF continues to trend upwards with lower highs and higher highs, a major challenge ahead at 121.88 Thursday's price action failed to break 118.68 in the daily time frame, a crucial point (critical support/resistance) in June, July, and September 2022, as marked on the chart. Price closed as a Doji pattern, indicating indecision between the buyers...

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E-mini Nasdaq recovered from Thursday's selloff but is still not out of the bearish trend. The index will likely retest 11710, a major obstacle that saw multiple failed attempts in the past. The index will need to hold above 12000 to confirm a change of direction to the upside. 11710 and 12000 are critical levels to watch in next week's session. The analysis is...

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SPY has cleared 382, but one more obstacle to go before taking off

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Four critical points highlighted on the daily chart could predict the future direction of the dollar. 113.58 has been a solid resistance level for more than two weeks and could be the breakout zone for the upside, with a potential target at 114.85. The critical support zone at 111.52 for five consecutive days could give way if the price fails to hold. The...

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Tesla(TSLA) fell below the H4 critical support curve at 235.42 in Friday's trades and closed below the previous support zone at 223.78, now a major resistance level to watch. Share price closed at 223.07 in Friday's trades, down 6.32%

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NVIDIA(NVDA) has the same fate as Microsoft, with the same price structure and heading in a similar direction. Share prices were smashed in Friday's trades, down 8.03%, dropping to around previous lows and closing just above the major support zone at 119.58.

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Microsoft(MSFT) dropped below the 240 support zone and wiped out the entire week's gains. Share price closed at 234 at the end of Friday's trades, down 5.09%. Critical support zone at 233. Share price hangs at previous lows and could continue south if it fails at the major support zone.

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APPLE(AAPL) shares had little chance of breaking at the top of the price channel, considering the potential five-wave price structure in full action. Share price fell 3.67% on Friday's trades and closed at 140.09. Critical resistance estimates at 140.62, support at 137.17. Share price could continue to the bottom of the channel at 131.58 if it fails at previous lows