Both RSI and MFI are picking up, looking for XAUUSD to rebounce further. Previous CUP has been working great.
possible forming a handle, waiting for confirmation of the handle. First TP 1252
This is official in HS pattern, so follow it until it is not valid.
This deserve a close look, as lower TF is not allow to publish, will attach it later. Right it looks it is traded in the descending wedge. Would break down?
XBI has been beaten down severely, but this Inverse Head and Shoulder has a play here.
This is just one of very likely scenarios. Lets check it out
LABU is 3x tracking XBI, it has been beaten down significantly recently. It is on the verge of recover from the bottom.
Lots sector rotation is going on, and it is time for LABU to get back to business
We have seen this multiple times when there long pin shooting star indicators are on, falling pattern is to follow.
Looks I have it right this time :)
Well this is just for entertainment, hope you like it.
Just one of the scenarios possible
Everything is inverse, somehow from my view. I am looking for a right inverse shoulder to form in the next couple of days.
I am studying cup and handle pattern, but could this an inverse cup and handle prediction?