Mystery H&S Formation

by Ashraf Laidi

Jul 13, 2017 16:26

Can you guess what's this Inverted Head-&-Shoulder formation? It's the weekly chart of a commodities-related ratio. Will it push higher? What is it?

Mystery H&S Formation - 20170713 Gold Cop Animated (Chart 1)

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@zerohedge CIPS in SWIFT out (4 hr ago)
@piptrain 2/2 and yes we can say other centbanks will also keep the punchbowl, problem here is that in order for… https://t.co/PoPgqAHV4q (4 hr ago)
@piptrain this analog suggests upcoming breakout in #DXY but if we play this-time-is-different game, 2018 boosted… https://t.co/1jCNnGLSF6 (4 hr ago)
@piptrain will post the chart in a new thread so it appears in the general stream. (4 hr ago)
@piptrain but i remain a believer in "spring 2003" (4 hr ago)
Is #Visa is the ultimate play? higher yields, returning travel + spending $V (4 hr ago)
@piptrain That was 12 yr ago. take a look at Q1-Q2 2018 analog, when yields rose, DXY was range bound and indices… https://t.co/HL1S5NXMAd (5 hr ago)
DOW30 leads all major indices. #Boeing leads the DOW--same company whose 777s were grounded $BA (7 hr ago)
SAME PATTERN for 3rd week: Sell #USD & buy Gold & indices on Mondays, buy back USD & sell metals / indices midwee… https://t.co/QcwAQfHCgt (9 hr ago)
#Cardano just can't wait to meet #Mary (9 hr ago)

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