Typical pattern analysis shows a H&S pattern forming for the last few months, which would normally imply a breakdown. However, the fractal implies it may not work out that way. We'll see I guess.
Kim Rice 12/16/12
Sunday, December 16, 2012
US Dollar Fractal
Posted below are a few charts showing a fractal pattern in the dollar. If it continues to track with the base fractal, the dollar may be getting close to starting an intermediate leg to the upside. The first chart is the longer term big picture. The other two charts are close-ups of the areas circled on the long-term chart. IF this pattern plays out, it would likely put downward pressure on the stocks and metals which correlates with analysis posted earlier on those markets.
Typical pattern analysis shows a H&S pattern forming for the last few months, which would normally imply a breakdown. However, the fractal implies it may not work out that way. We'll see I guess.
Kim Rice 12/16/12
Typical pattern analysis shows a H&S pattern forming for the last few months, which would normally imply a breakdown. However, the fractal implies it may not work out that way. We'll see I guess.
Kim Rice 12/16/12
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