current head and shoulders pattern on daily near resistance , possible breakout at the bottom of my key zone (0.95857) and above this zone has been tagged as the lowest from monthly , weekly and daily. Neckline has previously been support.(A BREAKOUT IS MOST LIKELY TO OCCUR).
(MY OWN THOUGHTS!!!!!!!)
(Open to criticism and feedback to help improve my analysis)
This is a potential short on the AUDSGD pair. The daily/weekly is in a very large bearish channel/wedge pattern. Within this structure, price has bounced off the top with strong bearish momentum and is now making a nice pullback into support and the ema's. The manifests as a bear flag on the 4-hour. I may look to go short on a break and close of the 4-hour...
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
POSSIBLE E7 GWAVE EUCLIDEAN STRUCTURE FORMING.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS