GBPUSD H1: Nice bearish Head and Shoulders… done

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Stocks, bottom confirmed?

With bullish Head and Shoulder`s neckline already broken, i`ll should wait for a decisive retest of this one; but due to GDP number better than expected released this morning, continuation without a pullback for retest could be possible. For detailed explanation of my forecast, see my videocast @ http://www.screencast.com/users/GustavoForex/folders/Swelltrader/media/8f6e9875-9ad1-422c-a6b1-332d0600e0cb

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GBPJPY… i always wanted to say this: “… ¡BANG! ”

See previous post on this topic: http://swelltrader.blogspot.com/2009/07/gbpjpy-poised-to-big-short-bearish-move.html

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Continuation Head and Shoulders Pattern… yes, it exists

As a very interesting fact, i want to show this M5 “Continuation Head and Shoulders” pattern.

Como algo intersante, quiero mostrar este Head and Shoulders actuando como patron de continuidad.

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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.

USDJPY, Bullish Pennant (Follow up)

	Nice breakout.
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