NZD/USD Head & Shoulders + Symmetry

NZD/USD Head & Shoulders + Symmetry

21 November 2016/5:09 p.m. ET

Below is a daily chart of NZD/USD.  Three key points:

  1. Today was a key-day reversal bar suggesting a correction higher from oversold may about to get underway…
  2. There is a head and shoulder pattern setup as labeled; suggesting the next move after any correction higher will be a very deep trend move lower…down into the low 60 cent level…
  3. Perfect symmetry in number of days from the pattern swing-low-high and high-low setup; i.e. 53 days. 
www.blackswantrading.com

www.blackswantrading.com

Comment