dorbanz3

dorbanz3

head and shoulder pattern confirmed on the chart.

dorbanz3

SPY ETF chart compared with USD/CAD. selloff cycle will end soon and smart money will buy the lows. dollar will start correction down and market will rise.

dorbanz3

We just crossed the 50% fib line to expose the 38% area to dawn side. Crossing the support line at 0.8400 could cause a further decline.

dorbanz3

This chart showing a very large cup formation ending with an upside head and shoulders. both formations are bulish. The dollar rally doesn't seem to be retracing and further upward move is expected. The Major Resistance line at 1.0600 has been pierced threw to become a Major support.

dorbanz3

A cup formation is confirmed with a market undecisive move this week we go sideways and form the handle. This formation psychology is known to attract buyers. 38% Fib retracement level isat the cup base 0.9400. this formation started at 0.8700

dorbanz3

if it to cross the 38% fib retracement line - we are set for a breakout.