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It now appears that the Dollar is carving out an Inverse Head and Shoulders pattern. It is unconfirmed, however.
Taking out the recent swing low low at 93.81 would not invalidate the pattern. Conversely, taking out the swing high at 96.98 would imply a neckline break. The ascending neckline, if broken, implies a fast move up within a broad Inverted Symmetrical ...
AS you can see, QQQ hit a double top, then broke past the neckline, then tries to reach it again to break the resistance, but fails and is bearish. QQQ to make new lows in the near future!QQQ
$FUN on Neckline of H&S
Neckline sits at about 0.055 and at the moment, it looks like the right shoulder probably won't start to form until late August. Target-wise I think we'll see 0.1 again before the end of the year.
The price seems to be in a steep bullish channel. This price has managed to reach a level which has previously successfully held as a strong resistance level, if the price is able to break this resistance level then we should see substantial bullish gains. But if the resistance level holds this might cause the price to break out the bullish channel, this can lead ...
AUDJPY potential head and shoulders pattern
waiting for price to break above neckline to go LONG
inverted H&S was shown in the 1hr timeframe of the pair so looking to buy above neckline
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What's the point for OPEC to cut oil supply if America flooding the market with it?? The only one question, for now, is whether oil rally will end at the end of December or at the beginning of first quarter of the year 2018?
Read this Article: ...
Currently, EURUSD is in a shoulder-head shoulder pattern. If this formation is confirmed and the neckline breaks, the first profit target is at 1.1700. If you trade this pattern by mirroring the height at the neckline, the target is even 1.1500.
GBP on a neckline of a Head and Shoulders formation on the 2-hour chart, just as some volatility is expected for some news coming out that might shake the market.
Indicators seem to show divergence but CAUTION is mandatory now.
If it breaks low keep in mind the soft resistance at 1.2338