Reverseheadandshoulders
Dollar StrengthAs we were looking for decline on the DXY , bulls took over control. Here we go with my weekly analysis on the U.S. Dollar Index;
A (orange)( closed ) : Price clearly bounced on our bullish trendline. Blue area as been broken in the beginning of the week, my bearish bias was completely canceled. No break and no resistance, this direction bias is now closed.
A (blue) : Previously our plan C, I see the DXY showing some significant strength signs;
Blue area as been broken which was our resistance. Next area to watch for a break through is the yellow one.
Price bounced on the bullish trendline.
A nice reverse head and shoulder is forming, looking for a break of the neckline.
Price found support right at the retest level after the trend line breakout, red area.
Support found on both 50(aqua) and 200(gray) exponential moving averages after a bullish crossover.
A nice regular bullish divergence also indicates a nice trend reversal, highlighted by the purple arrows on data and indicator window.
Target is 96.00, optimal trade entry area for shorting.
B (red) : Fake bullish move to the yellow area and by dropping back resulting as a price ranging.
Only price action can determine those bias, even none of them could occur.
Bias as changed for now but still bearish overall, I am currently looking for bullish move on this index, driving all USD based pairs.
Dollar strengh = USDXXX UP / XXXUSD DOWN
Dollar weak = XXXUSD UP / USDXXX DOWN
GOZDEgozde pulled back to reverse head and shoulders neckline and looks like ready to take another leap. ST PT 4.50
Bitcoin about to break upwards?Bitcoin's showing upward potential still the weekly looks good and here on this chart im starting to believe a Reverse H&S is in play. Ill be looking for a bounce to the green trend unless support holds allowing it to break upwards showing pattern confirmation. This might be a good swing trade as their will be battles at the .local and all time high's. Another aspect to look at is on the smaller time frame reversh&s can be seen showing the market looks ready. What i am looking closely at however is the big ReversalH&S on the 1hr if this completes we will see a new ath, if this fails, expect to see the market tumble lower support levels.
CL1!/USOIL/WTIUSD/ Crude oil Reverse Descending Neck line HeadCL1!/USOIL/WTIUSD/ Crude oil
1. Reverse Descending Neck line Head and Shoulders
2. AB=CD PATTERN 50%=200%
3. Elliott Wave 3
4. Up Trend
NYMEX:CL1! TVC:USOIL FX:USOIL FOREXCOM:WTIUSD FX_IDC:USDWTI
USOIL/CL1!/WTIUSD Pattern PRZ & Wave Cycle1.
Bullish Harmonic pattern PRZ
2.
Reverse Head and Shoulders
3.
Wave Cycle
FOREXCOM:WTIUSD usoil NYMEX:CL1!
[WTIUSD/USOIL/CL1!/CLM2017] Reverse Head and Shoulders
Reverse Head and Shoulder pattern => Right Shoulder
Bullish Gartley Hamonic pattern
Zigzag pattern abc
Motive wave => Elliott wave 2
Basic Trend line
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Hammer Candle possibility
WTIUSD USOIL CL1! CL2! CLM2017
Long around 1.0520- 1.0500 This is clear reverse head and shoulders pattern on EUR/USD daily chart...
but, if daily price close above 1.0495 ,
could be broke up..
