Head and shoulders formed above with default projections at 200% fib extension (1.09533);
Bullish crab and shark patterns projected at 1.09593 at 161,8% fib extension;
Eventual double bottom: neck and validation point above 1.10956 (daily fractal resistance) & default target above one broken neck around 1.11997.
Technical double bottom validated by the neck/resistance breakout | resistance above the broken neck | retracement to the golden 61.8% fib | 1st target for the pattern at previous structure highs (resistance above the neck) | default target for the pattern forming one eventual symmetrical...
Now rejecting the weekly resistance forged at 9.16481 after printing the new daily fractal above it, at 9.20410, forming one eventual right shoulder. Default targets below one broken neck projected around 8.86950, right at the weekly fractal support, which is positioned at 8.87520."
- at Forex Analytix
Positioned at 67.97, the 127% fib extension from the previous bearish swing - from the top to the previous structure support forged last April the 1st - and at confluence with the internal extension at 161.8% fib.
Now threatening previous structure resistance, it's also the bullish alt bat pattern default first target, the 38% fib retracement.
The inverted head and shoulders default projection will put the price at previous structure support forged last March 1st, positioned at 1.2164.
The bearish deep crab pattern positioned at 161.8% extension on hold at...