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

Wednesday, April 1, 2009

CITI, 5 min Bullish Pennant (Follow Up)

2009-04-02_0927

What was expected to be a Bullish Pennant, finally became a Bullish Flag (See red square).
At today's open, price “explode” as expected almost to the pip (30 pips).

While i am writing this post, 1 hour after market open, seems to be buyers are taking control of the session since retest is having problems to occur.

Lo que se esperaba fuera un banderín alcista, finalmente se convirtió en una bandera alcista (Ver recuadro rojo).

En la apertura de hoy, el precio “exploto” como se preveía, con una exactitud “al pip” (30 pips).

Mientras escribo este post, una hora después de abierto el mercado, parece ser que los compradores están tomando el control de la sesión, debido a la dificultad que se nota para que el retest ocurra.

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USDJPY, Bullish pennant

Click to open Very well formed Bullish pennant about to “explode”.

Muy bien formado Banderín Alcista a punto de explotar.
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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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Performance

Here i`ll post my performance on a USD 200 demo account. After trading for 2 months, i`ll create a new one.

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