Mar de Leva (swell waves) en Cartagena de Indias - Colombia

Wednesday, April 1, 2009

NZDUSD Bearish Head & Shoulders

Fig.1 Yesterday, H&S was forming.
Fig. 2

This was the analysis of a “Textbook H&S”.

We can see the previous Butterfly Harmonic Pattern forming the Left Shoulder and the Head, as well as the double top

Fig. 3

And this was the way right shoulder unfolded.

Important to note the retest of the neckline.

Now we expect the pattern to unfold its final move of about 200 pips down from neckline level.

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