Taper means it should go up. (Alternative view from my previous fractal).
... or channel. Same prediction. Or course with further AUD weakness, it could go straight down.
Very smooth channel, despite all the Catalunya issues.
Trendline suggests some room. Note a lot depends on $EURUSD.
Always difficult when there is a conflicting pattern.
Instant action on Thursday's ECB will resolve.
Unfortunately there's not much of a trade here.
Surprisingly good matches here.
August dovish FOMC and good Australian jobs figure might push for a double-top at psychological 0.80
There's a 2:1 trade here, SL 50 TP 110. Fundamentals suit as well.
Possibly movement based on Darvas theory. This is tradable as $EWG, or buy $DAX, buy $EURUSD
Channel suggests down from here on all three.
Despite the Zuma vote setback, the pair has previously failed to break 200MA. Fractal fits well also.
These are the two 'strong in summer' $SPX sectors #StovallTheory
Similar industries and a mild Rodrigue pattern is emerging as it did with SPD. Different timescales of course
Especially if Trump carries on re: no trade with China. Note gaps below the channel.
Implies 2469, ramp back to 2500, then down again.
Easy win for Easyjet given Ryanair problems and Monarch liquidation.