Gold`s long term inverted H&S is about to explode

I think Gold is unfolding an Inverted Head and Shoulders Pattern, now challenging Neckline`s level.

What i think is that is important to note is how price is approaching to the neckline level, related to the Moving averages orientation. Note how the proceeded times when price touched neckline, those MA`s where not as good positioned as now. See how they are in attacking the neckline in a very nice “trend mode”, meaning with that, they are all parallels and pointing to the same direction. Also note how in the actual approach, the AO indicator (bottom histogram), is above the zero line but beginning its “upstairs” move, opposite to the previous touches, where it was beginning its “downstairs” move.

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Possible Bearish Gartley in EURUSD Daily TF

If price breaks bearish 1.4200 level, there will be big probabilities for this pattern to unfold. -

S&P Wave ii (bearish) finished

As we can see, the new high after the AB=CD bearish correction confirms that wave ii is just finished.

The wave ii mentioned above act as bigger bullish Head and Shoulder`s neckline retest. Since wave iii can not be the smaller wave of the 5 impulsive waves, we can expect this wave to have, at least, wave i`s measure. That give us a projection to, at least, 1.145.31 level, which corresponds with 61.8 fib retracement level of the entire move from October/2007 high to March/2009 low. I think that from now on, we can expect Huge moves, do to the fact that prices are now unfolding wave iii of a bigger wave 3.

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S&P Wave ii (bearish) in progress

Finally prices begun to correct, unfolding wave ii within the bigger bullish wave 3. I expect this correction to finish within the fib zone remarked with the green rectangle. Since the next bullish move after wave ii end will be wave iii of a bigger wave 3, is expected to be a huge and maybe violent move.

The big picture should be like the graph below

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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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USDCAD H4 Bearish Head and Shoulders… follow up

Nice unfolding of this Head and Shoulders Top.

Spotted on July 13

Nice unfolding. Green rectangle shows Head and Shoulder Pattern.

The pattern located within the bearish trend

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Oil, continuation Head and Shoulders?

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