SPX500USD H1Price has made an inverse head on shoulders pattern & closed above the neckline to finish off last week. This upcoming week, I am looking for price to retest the broken neckline resistance, as new support for price to resume higher into resistance & complete the pattern. Price is in a strong uptrend as well, which makes this pattern more powerful ..
Inverseheadonshoulders
#DCR - accumulate a couple of things going on
about to test long term downtrend trendline - If broken we will moon
possible IHNS forming - too early to call
a possible triangle formed about to breakout
so accumulating with wide entry range & gonna hold it for a while
DXY DAILY Update Inverse head on shoulders pattern potentially on the cards, a bit more of a retrace for the US dollar is expected for now to complete the right shoulder at the neckline (Yellow rectangle). Important USD news coming up this week ahead could bring some potential strength back to the dollar