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Fiber: Head&Shoulder within an Head&Shoulder; Ultimate Reversal Pattern

On Feb 1st we have established a swing point and developed a minor H&S top. (Fig1. see blue circle). Using fractal analysis we can see the H&S pattern is expending on a much bigger scale on the daily chart.(Fig1. see red circle) The market is currently developing the right shoulder. We have an Head&Shoulder within an Head&Shoulder; an Ultimate Reversal Pattern. From here we should see a minor consolidation top right shoulder develop, which should spike up into 1.3200 50% retracement from the 1.3…
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Aussie Flying high? For now continues to head towards parity

Aussie remains within the long term range: 0.9380 as the lower border and 1.1080 the upper border. Within this trading range we are making a big triangle pattern which is apparently a bullish formation.(see fig.1)Based on Elliot Wave theory this triangle should be composed of 5 legs. We are currently developing an extended leg D which suggest that in order to complete the triangle formation we need to have a final leg E to the downside and to test the support level around 0.9800 round number.The…
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EURCHF Resurrected from the dead

EURCHF have been driven by 2 important facts 1) 1.2000 SNB floor which in the last 20 months has acted like a magnet and strong support for the pair2) Although the market looks like it has established a major Low swing point the price action and the history of EURCHF suggest otherwise and which is that we remain in the long term bearish trend as the Elliot Wave suggest we still have to make another low below the major low at 1.0066 for the 5 wave cycle to be complete.(see fig.1).1.0066 low is ju…
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