BULLISH SCENARIO - As the S&P500 failed to break below the neckline of a Head & Shoulder pattern, therefore the next bullish move will be to see if it closes above the next major Daily resistance of 2639.1 which price attempted to close above this level 3 times in the 6 days.
If it closes above that level it will complete a series of Higher High and a Higher Low...
DXY (4h) has broken the neckline on a Inverse Head & Shoulder.
Entry confirmation (although a late entry) will still warrant a 108 PIP move.
"Price is a graph of human behavior over time. If u want to appear in a place most humans are not u must have behaviours that are not common within that system." Kaz
Team Fractal from the Kazonomics ecosystem signing off.
BULLISH SCENARIO - Double bottom pattern on a 4hr USD/YEN chart.
If it breaks out of the neckline then we will enter with a trade of 121.6 pips as that was the range from the previous support at 107.281 to the neckline.
BEARISH SCENARIO - Double bottom pattern on a 4hr USD/YEN chart.
If it fails to break out of the neckline there we will see a push to retest...
