62105 H&S up to 66963

62105 H&S up to 66963

bounce of previous trend lines up to a previous high

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If this plays out and we bounce of the resistance, we will create an even larger head and shoulders pattern which will lead to further upside.

This is a bit of hopeium

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If this plays out we could be looking at another inverse H&S formation

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If this does not play out we could be looking at downside for the next four days...

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Right shoulder of normal H&S being painted

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Looks like there may be an elliot wave a,b,c correction which will confirm the bearish scenario.

DXY has reached the top of its channel and trending down, which may help invalidate the bearish structure.

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if we brake the falling wedge the bullish right shoulder will be created, causing only a neckline break for the bullish scenario to be confirmed.

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