Pay attention to the blue TL marking the low not violated by lower low in this flag!!!
Almost exact pattern structure. Not likely for DAX to hit 9700, but nice to keep in mind. However 8900 and 9000 in reach and will hit very likely.
The inv. Head and Shoulder pattern plays well along with the rising channel which is very well defined. Last week PA managed to reach 1.47 but couldn't hold the 1.46. Expect more pressure towards 1.46 as Aussi net shorts increased last week to 30271 CFDs compared to 26486 the previous week.
Kiwi has established a support @7805. Bullish gartley possible completion @7846 and even lower test of channel boundary. Should not violate the channel. Last week net shorts totaled 2384 CFDs, compared to only 100 the previous week. Selling pressure increased .
Setup for long still valid, no breach of channel, above 20, ABCD in action
Setups for trend continuation (weekly) - strong bullish trend. Daily, intraday bearish
After fighting the 41 odd handle it seems like the PA will pull back. ABCD completed and 8/8 managed to halt the price. Believe the PA will turn towards 37.5 and 4/8
EURGBP approaches structure res. @798 for bearish bat completion. Another bearish bat awaiting @803 highs which overlaps with equal leg ABCD completion
If PA drops on today UK data (earnings, employment) and continues down bullish shark completion @5037 and bearish 5-0 wave3 @5025
Narrow descending channel, touched 127.2 fib. arc a few ticks to bull shark completion
Shark completed @58.78 , 5-0 finished wave3 on 161.8 ret. (double 161.8 confluence) for long into shark T1 @63.81 and 5-0 wave4 completion @65.72
The bullish ABCD equal leg has been completed @1194, the bull gartley @1211.68 and we have PA very near the -2/8 extreme overshoot @1187.50.
Bull cypher about to complete at $23.32.
Nice confluence, almost overlap of bearish crab and equal leg ABCD
$XONE marked the year low in April $24.34 and now $25.16 with high in Jun $48.66. Potential to grow.
1.12 is the price for short if it comes there, of course. The interesting point before the bat completion is the fib 88.6 cross at 11693 which is at previous res. level.