Traders Edge: Market Briefing 18/10/21

In today’s Traders Edge Market Briefing, Tomasz has found these amazing setups we thought you’d find interesting.

It’s correction day for indices.

The DAX is coming back to test the broken down trendline

The SP500 so far is seeing the first bearish candle in three days

The FTSE is in a nasty looking bearish engulfing pattern

The Nasdaq is actually looking the best out of the four indices. The correction here is almost invisible

The EURUSD is bouncing from an important horizontal resistance but it seems that buyers may have an appetite to test the 38,2% Fibonacci

The USDCAD finally initiated a bullish correction after a quite heavy drop in the past few weeks

The NZDUSD created a shooting star on an important dynamic resistance. It can be a great occasion to sell and in case of a breakout, to go long

Silver is still above the 38,2% Fibonacci and as long as it stays there, positive sentiment is still alive

Gold on the other hand is exactly in the middle between crucial horizontal resistance and support levels. As long as the price stays there, both directions are equally closed and opened.