JW,
Agree that little H & S of Sinclair is a stretch, maybe if I could chart it on 15 or 30 minute it would not be a stretch. Unfortunately, I cannot do that on stockcharts with the yen.
But looking over longer term, this certainly IS a reverse
H & S with a neckline .94 and a projected target of 1.14:
stockcharts.com[w,a]waclyyay[pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G
That is if yen breaks and holds through the .94-.95 level.
Rather stunning if that yen target of 1.14 is made, but matches up with dollar projections down to 70's or lower.
A Brazen New World? Not really, we've seen it before in 95:
stockcharts.com[w,a]maclyyay[pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G
Best,
Roebear |
