USD/JPY completes a 5 down
Time for some upside?
FTSE ready for a bounce?
A guesstimate at this point would target no more than 6000. More realistically I’m looking at around 100 points up over the next few days if Fridays low holds.
DAX H&S forming
Same setup as FTSE. Dax could rise 60 points today, to the top of the LHS and still be valid. So potential move to 6815 and then if it plays out it would be setting up a 300 point drop.
Formed the RHS and now sitting on neckline. Obviously a strong break below it will find res at 6670ish on the way back up.
FTSE H&S forming
19/06/08
where to now?
h&s may have or be nearing completion
USD/JPY ready for a pullback?
These charts were from this morning and it turned down from around 108.40 and we should now see the third part of the pullback move in the first chart take it down below 107.90
Admiral pulling back
Reversal candles on chart and Fib retrace area reached, potentially.
10 min chart is o/b and I’m looking for a reversal now to under 880, ideally 875 or less.
[update] It came down and touched 875 and bounced. I was covered at 882 from 889.5
FTSE bounce due from Friday lows
It carried on down to 3.618 level @6078 so upside traget is 6127 or higher.
I was long 6105.3 and stooped out 6088.
I’m long again @6080.5
Closed long @6101.3
Will look to long on a dip to low 6090s