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User Time Action Performed
  • Head and Shoulders Top in US Dollar Index

    From marctomarket.com

    This Great Graphic depicts what appears to be a head and shoulders top in the hourly bar chart of the Dollar Index. The neckline is found near 96.00 and rotating the pattern along it produces a measuring objective near 95.00. The bearish pattern was formed in the last few days, and the Dollar Index was resting near the neckline before Trump's comments gave it the push. The low today is near 95.45, which corresponds to the 20-day moving average. It has not closed below this moving average this month. After falling late yesterday and into the Asian session earlier today, the Dollar Index has been moving back and forth ... (full story)

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  • Post #1
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  • Aug 21, 2018 9:00am Aug 21, 2018 9:00am
  •  TheRealTruth
  • | Joined Aug 2016 | Status: Member | 12 Comments
yesterday's news?
  • Post #2
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  • Aug 21, 2018 11:12am Aug 21, 2018 11:12am
  •  xoc001
  • | Joined Jan 2018 | Status: digitalme | 205 Comments
boy... good thing we know that now .NOT.
-wtf
  • Post #3
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  • Aug 21, 2018 5:05pm Aug 21, 2018 5:05pm
  •  sidhujag
  • Joined Apr 2009 | Status: Member | 902 Comments
looks bullish to me
  • Post #4
  • Quote
  • Aug 22, 2018 5:15am Aug 22, 2018 5:15am
  •  mrlfx
  • | Commercial Member | Joined Jul 2012 | 332 Comments
USD Index has not yet charted the H&S pattern in Daily TF but is likely to trace such a pattern. Head will be at 96.85. Left shoulder at 95.30. left neck line is at 94.75.

Its the right shoulder and neck that is yet to clearly form. Let give some time and it could well trace the pattern.
  • Post #5
  • Quote
  • Sep 16, 2018 7:45pm Sep 16, 2018 7:45pm
  •  citizenjack
  • | Joined Apr 2009 | Status: Member | Swing Trader | 1 Comment
Hi.. I am currently watching this potential pattern too. And I just want to share my observation as follow.

In the D1 timeframe, it is more clearer to see the neckline (blue line below), but until price breaks down below this line then it is not yet a confirmed Head and Shoulders pattern. But if it does, then TP for the pattern is around 92.5 - 92.2 level.

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  •  Guest
  • | IP X.XXX.212.98
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  • Story Stats
  • Posted: Aug 21, 2018 8:47am
  • Submitted by:
     MarcChandler
    Category: Technical Analysis
    Comments: 5  /  Views: 2,507
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