andrewunknown

andrewunknown

After breaking higher from a rising wedge developing throughout the balance of July (presumably catalyzed by the Carney-led BoE's new-found and unanimously declared hawkishness), Cable is move into the Potential Reversal Zone (PRZ) near 1.54 of a bearish harmonic Butterfly that has developed over the same duration.

andrewunknown

With the Russell at secular broadening formation trend line resistance following an 8.5 month, 38% advance built at an 85 degree angle of ascent: is anything other than a cyclical blow off scenario possible if a breakout occurs here?

andrewunknown

"Improbable" Moves Are Commonplace; and Commonly Beget Unsustainable Trends

andrewunknown

After breaking higher from a rising wedge developing throughout the balance of July (presumably catalyzed by the Carney-led BoE's newfound and unanimously declared hawkishness), Cable is move into the Potential Reversal Zone (PRZ) near 1.54 of a bearish harmonic Butterfly that has developed over the same duration.

andrewunknown

The Greenback encounters push back at 8-year trend line resistance as reaffirmation of the Bernanke Fed's dovish resolve trumps the ECB and Bank of Japan's currency-debasing overtures of monetary accommodation.