wicho_clutch

wicho_clutch

Harmonic Pattern on the Weekly. It is currently testing whether it will break up or break down. My own expectation is that it will breakdown.

wicho_clutch

Inverted head and shoulder on the 1 hr and currently potentially working on the right shoulder. The weekly candle for 3/29/21 ended bullish. I suspect that the USD (DXY) is done pushing up and expectation that AUD/USD will continue bullish movement. The DXY weekly shows a reversal doji. There is a warning sign there which indicates an angle resistance point...

wicho_clutch

Harmonic pattern testing neckline

wicho_clutch

Exhaustion after a harmonic pattern broke neckline and expecting to go retest neckline for break up or break down continuation to a degree..

wicho_clutch

Possible rising wedge. Currently the stimulus package is on hold. Depending on the outcome in my opinion should push this higher or lower. Other factors may apply.

wicho_clutch

Possible Inverted head and shoulders in motion

wicho_clutch

Fake broadening megaphone and using the dxy.

wicho_clutch

4hr timeframe. Yellow horizontal line is the resistance. An ascending megaphone taking place on the last swing before completely breaking down. Very slow movement for the time being.

wicho_clutch

Currently an Inverted Head and shoulder formation is complete and is currently testing neckline. From my analysis I expect that it will go upward. One factor that I use is the DXY to see if the the US dollar has strength or not. The dxy is not a confirmation but an indicator.

wicho_clutch

Expectation that USD/JPY will go down to a degree. Last week (Weekly) is a reversal doji and that should bring the price down. One of many factors possibly.

wicho_clutch

Currently, EUR/USD is possibly forming a triangle formation. Within that possible pattern forming there is angle support which should be able to continue upward.