MoneyFlowTrader

15min cup/handle forming on 4hr IHS (right Shoulder)

FX:XAUUSD   Gold Spot / U.S. Dollar
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This chart is link to my 4hr inverse head and shoulders chart. Bulls need to re-capture the $1259.00 level also (spike level for moving avgs to cross over). $1265 confirms 4hr Inverse Head and Shoulders pattern. I had originally made this chart private, but decided to repost to make it public.
Comment: first saw the pattern it tested the bottom of the .382% fib level
Comment: Daily Chart still shows an uptrend from the beginning of 2017. I'm looking for my ema's to cross spike level soon, still need to take out that Nov resistances level
Comment: Notice what you see on the Daily Chart is identical to what you see on the 15min chart, just smaller time frame w/ condense price and focus
Comment: If we get the spike on the 15min chart, it should lift prices on the 4hr chart to $1265, which would confirm the IHS you can follow this live chart below on the related idea
Comment: monitoring the 30min chart
Comment: could be forming a rounding bottom so cup could be forming
Comment: 4hr chart
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