USD/JPY has just recent created a bearish sub-crown on 15-min, just awaiting confirmation of right-shoulder establishment. Caps are down with a max. 86% retracement, so I am LT bearish on this anyway, but the presence of the bearish sub crown confirms this sentiment. I am looking to short on rallies to the 15-min 1.18 (and new sub-crown's anticipated 1.618, as well)
In this morning's KickStart PRO Morning Session, we found a great example of what could turn out to be a 'textbook' Head & Shoulders pattern. The reason this is still just a potential Head & Shoulders, however, and not yet confirmed, is because, while we DO have the Left Shoulder (LS), the Head, and a clearly defined neckline, we do not yet have a definitely...
EUR/USD is currently in a down Capital AB with an unfulfilled 38.2%, but has also, most recently, created a bearish sub-crown with a formation of the Right Tip @ the max. 78.6% retracement. Following the huge sell-off, we were anticipating a rally back to resistance, which has now occurred. At resistance from the backside of the downtrend line, it appears as...