USDCAD m5 Bearish Head and Shoulders… “oh what a night!!”

Just as forecasted ( http://swelltrader.blogspot.com/2009/09/usdcad-m5-possible-bearish-head-and.html ). Definitely a very nice move!! Tal y como se proyecto ( http://swelltrader.blogspot.com/2009/09/usdcad-m5-possible-bearish-head-and.html ). Definitivamente un movimiento bien “bacano”.

Forectasted

Unfolded

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USDCAD, m5. Possible Bearish Head and Shoulders

If confirmed (break and retest of neckline), this will be a nice 80 pips move. Si se confirma (rompimiento y retest de la línea de cuello), este sera un bonito movimiento de 80 pips.

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GBPUSD H1: Nice bearish Head and Shoulders… done

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GBPUSD H1, Bullish Head and Shoulders

Have to wait for confirmation of the 123 buy pattern, but i think the most of the possibilities are for a nice bullish move after the unfolding of this pattern. Hay que esperar la confirmación del patrón 123 de compra, pero creo que las mayores posibilidades son de un buen movimiento alcista después del desarrollo de este patrón.

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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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