DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
SPDR S&P 500, CHESAPEAKE ENERGY CORP, BANK OF AMERICA CORP, GENERAL ELECTRIC COMPANY, POWERSHARES QQQ TRUST, SERIES 1, MICRON TECHNOLOGY INC
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Head and shoulders completing. Expectation is a price decrease to the 1.618 extension zone.
Conditions look ripe for a retrace. Excellent risk to reward on this trade.
We had 2 weeks forming a large bearish leg. if price action consolidates into the head shoulder range we could see a significant retrace of that strong leg.
If the price reaches the D region in the next few days, the CD leg will act as a clone to AB and provide additional confluence that the overall bearish trend will continue.
Appears to be oversold now within all time frames.