TL breakout + retest - page 44

 

Bearish engulfing on daily GU

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channel in GU h4. but guess it wont hold. I on short biased

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EU h&s? But we are not sure whether the right shoulder is formed or not?

we shall wait until the support/neckline broken.

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2_04-jun-09.gif  18 kb
 

au h4 support tl

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Now we have a correct H&S. Is time to test whether the neckline hold or not.

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Head & Shoulders pattern

A guy walks into a store and asks a girl that works there for "Head & Shoulders"...((shampoo))...She asks him "What's Shoulders"?:)...

 

Bump and run formation in EU h4.

You can google search the definition of bump and run.

Btw, the H&S. we have a false breakdown

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Err, anyone in here? Always feel alone bcoz seldom saw ppl reply.

Btw, I will post EU GU latest analysis by tomoro or maybe today.

Wish you guys tons of pips.

 

EU :

Weekly chart shows bearish, H4 TL is the current most important support TL.

Weekly :

1.43 SR lvl act as resistance currently.

Shooting Star candlestick - bearish - indicate sellers power

Candlesticker by Americanbulls.com - Bearish Shooting Star Pattern

1.3740 act as posible next support.

Daily :

More toward Elliot Wave analysis where there is two question arises :

1) Is it wave 3 ended and we are starting wave 4?

2) Where will Wave 4 end?

H4:

Two Support TL. The TL will be the medium term Support and also the most important key lvl to watch with.