TX1976

TX1976

DXY looking Bullish to 110-112 Potential Reversal Zone Range . Potential reversal is the completion of the smaller channel E Leg and the bigger channel D Leg.

TX1976

Setting up for a potential reversal around the 161.8 (3822) completion of C-D leg of Butterfly Harmonic with potential upside of 261.8 (4100) A-B Extension of Butterfly Harmonic. Price is currently testing first reversal zone which is also setting up for completing A-B wave, inauguration could be high impact confirmation.

TX1976

Looking for the reversal withing the rectangle which is inline with the Cypher Harmonic reversal zone at the 78.6% fib retracement. This reversal zone also falls inline with a test off the bottom support trend-line of the pitchfork and completion of C-D wave.

TX1976

Watch for the test on the bottom support trendline of the pitchfork.

TX1976

USDJPY - Setting up for a potential reversal for next week still has upward momentum looking for a target reversal around 115.510 range. Price has been respecting the channel target reversal is a prior resistance from January and March of 2017. Something to watch for which also confirms the bearish trend of Gold.

TX1976

AUDJPY has been respecting a bearish channel and is approaching a potential reversal zone which lines up with a bounce off the bottom trendline of the channel and target reversal zone off the harmonic. The reversal zone is also an old support from 02/2016 turned resistance 09/2016.

TX1976 Updated 

EURGBP setting up for a potential reversal with double confirming harmonics on the Daily and 4 Hour. The Daily chart shows price respecting the bullish channel with a test at the top inner trendline look for price to reverse around .89795

TX1976

EURUSD looks to be setting up for a bullish run for the week. EU seems to be transitioning into a bearish channel, but with a test and confirmation of the CD leg completion of the Harmonic would be a test on the bottom trendline of the pitch fork channel.

TX1976

DXY has been in a bullish channel for a while but looks to be shifting. If this harmonic completes look for confirmation of a bearish channel to start with a potential reversal around 95.40 - 95.50 range (Harmonic PNZ) DXY still has some upward momentum until then.

TX1976

DOW still has some upside potential with a possible reversal around 25795.00. Price has been respecting the Pitch Fork Channel, but all signs point down after a test of the top channel trendline (Resistance). If this plays out look for the bears to potentially take it to the 24400.00 range.

TX1976

DXY - Respecting Pitch Fork and currently on CD leg of Shark Harmonic, completion CD 161.8% of expansion fib would be potential reversal.

TX1976

USDJPY - Deep Crab Harmonic CD completion created reversal zone off Gartley on Daily setup. Could be a strong indication of UJ Reversal is near. 113.425 is the level to watch.

TX1976

EURAUD - CD leg of Shark Pattern completes on support trendline of channel confirming completion @ 113% fib retracement of XA Leg and expansion fib level 224% (1.57030 potential reversal zone)

TX1976

USDJPY - Potential reversal off completion of CD leg harmonic pattern and confirms test off major trendline on weekly timeframe. CD leg completion around 141.2% fib retracement 112.950 PRZ.

TX1976

USDCHF - Respecting the Pitch Fork Channel and almost completed CD leg of Harmonic Pattern. Look for the potential reversal around 1.00957/78.6% of the fib retracement.

TX1976 Updated 

EURJPY is currently in a downward channel close to testing the top channel resistance and completion of CD Leg of Harmonic around 131.800. This move would begin a potential retest of the Weekly Support Trendline.

TX1976

UCAD holding structure of pitch fork channel. Also has a harmonic CD leg completion on test of resistance trendline @ 78.6% (Potential Reversal Zone)

TX1976

GBPCHF has a nice structure holding inside the pitch fork channel. Potential Reversal Zone in green bar area.