USDCAD, Bearish Harmonic Pattern (Butterfly)

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EURUSD, Bearish Short term H&S in the making…

Bullish breakout?  Today may not be the day.

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GBPJPY, H4 Head and Shoulders in the making

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S&P… Heading for a Bullish Head and Shoulders?

Standard and Poor's 500 Index could be heading towards Right Shoulder of a Bullish Head and Shoulder (Inverted Head and Shoulder). Mainly two things are giving me signals for that: 1. Index moved down from 1.576 level @ 2007-10-10 to 663.29 level @ 2009-03-06 in a 3 corrective wave pattern (ABC). Since that low @ 663.29, price moved in a 5 impulsive wave pattern, and seems to be ended wave 5 @ 956.21 last 2009-06-11.

2. Price broke 38.2 Fib Fan channel of the entire move form 1.576 level @ 2007-10-10 to 663.29 level @ 2009-03-06. I expect a correction down to 38.2 – 61.8 Fib Retracement level of this last swing (which will form Right Shoulder) before price resume rising to 61.8 Fib Fan level.

USDJPY H4/Daily Bearish Head & Shoulders

 

This monthly flat triangle is breaking bearish. Actually price retested broken trend line and is in its way to make a new lower low in the monthly time frame. Este triangulo plano esta rompiendo a la baja. Actualmente el precio esta camino a hacer un mínimo menor en la franja mensual. What is very interesting and make a very nice opportunity to enter short now, is that price is unfolding a bearish head and shoulder, remarked in the green square and showed in the chart below. Lo que es muy interesante y representa una oportunidad para entrar cortos ahora, es que el precio esta desenvolviendo un Head and Shoulders bajista, enmarcado en el recuadro verde y el cual se muestra en la grafica de abajo.

 

 

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EURAUD, Follow up & Elliott Wave analysis

As i was expecting last week, price unfolded 5 bearish impulsive waves and broke the trend line bullish.

Tal y como lo estaba esperando la semana pasada, el precio ha desenvuelto 5 ondas impulsivas bajistas y rompió al alza.

The break of the 1hour bearish trend line was unfolded thru 5 bullish impulsive waves and a ABC bearish corrective type wave, which is almost retesting the broken Trend line.

El rompimiento de la línea de tendencia en la franja de 1 hora, se desenvolvió a través de 5 ondas alcistas impulsivas y un patrón correctivo bajista del tipo ABC, que prácticamente esta haciendo un retest de la línea de tendencia rota previamente.

The corrective move after the 5 bullish impulsive waves, is unfolding a Butterfly Harmonic Patter, which have 3 possibilities for point D as can be seen in the chart.

El movimiento correctivo posterior a las 5 ondas impulsivas alcistas, esta desenvolviendo un Patrón Armónico Butterfly, el cual tiene 3 posibilidades para su punto D, tal y como se puede ver en la gráfica.

EURGBP, big bearish Butterfly & Gartley

	As can be seen, there is a BIG Bearish Butterfly Harmonic Pattern in the monthly time frame, which give us the big picture of the price movement of the pair: Bearish. Than should lead prices down to, at least, 0.7741, which corresponds with 61.8 fib ret level of XA leg. Como se puede ver en la grafica, hay un gran patrón Armónico Butterfly bajista en la franja mensual, lo que nos da la visión general del movimiento del precio: bajista. Eso debe llevar el precio hasta, por lo menos, 0.774, que corresponde al 61.8 fib ret. del movimiento XA.
	Within that BIG Butterfly, price is unfolding what can be a bullish Gartley, now unfolding possible CD leg and which can be profited until its D point. Dentro de ese gran patrón Butterfly, el precio esta desenvolviendo un posible Gartley alcista, ahora desenvolviendo lo que sería el segmento CD y que puedeser transado hasta su punto D.

NZDUSD, Void Head and Shoulders

	The forecast La Proyección
	The unfolding, expecting price copntinuing dropping after the retest El desarrollo, esperando que el precio continuara bajando después del retest.
	The failed pattern El Patrón fallido

NZDUSD Bearish Head & Shoulders

	Yesterday, H&S was forming.
	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
	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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