This Great Graphic was composed on Bloomberg. It shows the recent price action of the Dollar Index. There seems to be a head and shoulders bottoming pattern that has been traced out over the last few weeks. The right shoulder was carved last week, and today, the Dollar Index is pushing through the neckline, which is found by connecting the bounces after the shoulders were formed. One of the important contributions of technical chart patterns is that they offer measuring objectives. The measuring objective of a head and shoulder pattern is the distance from the head to the neckline. In this case,the head is near 91.00 ... (full story)