PA is still in channel. Break to the downside has 2 targets, 2.07665 and 2.05053, that's if PA breaks the channel. Upper range break would target 2.13550 and perhaps 2.14570. Keep in mind the weekly chart where a pennant is forming and the bullish bat completion at 2.00 is in progress!!!
Retested the breakout, next lvl to watch is the double top @1.91, bearish bat completion @1.9180 and IHS target 1.9337
WTI didn't violate the 2009 low and made a very bullish print. Not to mention the breakout of the falling wedge!
SPX completed bearish crab pattern May 2015 and is a short ever since into the October 2007 highs at least. Calling a drop of 26% at least to first target
Expecting a retrace to breakout level at 159.81 if PA can make it over the 161.8 - 157.16
The 2009 - 2015 EW sequence has been completed and DAX entered correction. This could mean ABC correction for another EW up but, imo this looks more like a start of a new bearish EW sequence. This should be confirmed if DAX breaks bellow the previous EW4 in this descending channel. I can not rule out breaking 10000 mark and testing the higher channel trendline...
GBPJPY marked the breakout level at 1.39241. Failing to continue could be a sign of short-term consolidation and break to downside. 161.8 confluence zone 1.3720 - 1.3681, yet another bullish crab
GBPJPY completed weekly BullishCrab, expect a pullback since on daily is a potential DoubleBottom forming.
BullishBat completed but possible BullishCrab bellow monthly TrendLine
Completed 2 bearish bats, could not close above median of monthly ascending channel and formed a double top. Could be a nice ride short till the trendline. RBA this week so caution advised.
The confluence of 161.8 and 23.6ret. would be a nice T1 for over 180 pips on market entry now.
After "Wheeler the dealer" strangled Kiwi on RBNZ rate decision, NZD is a short against all currencies. EURNZD should reach the "Golden Cross" the 61.8-161.8 @1.56600-1.56660. Currently fighting the median.
Trade taken on historical day when SNB decided to remove the floor on EURCHF! Follow the link for trade history. fximperija.com
What to say! Chart is worth more than 1k words :)
Similar to SPX, the DAX is on a verge of breaking the daily TL for more downside. This bullish bat is just a speculation where the potential support may be.
After reaching almost 2100 (2092.6) PA turned down, broke 2079 (previous high level) and as mentioned yesterday on Twitter came into the 2017 resistance. Currently at TL of the Wolf Wave. The target of this bearish move is around 1960.
Ok, the 2005 high is @92.63. Cross of channel and fork is @93 and 127.2 fib ext. There is no obstacle or hurdle for DXY not to reach the 92.63 in the coming weeks.