Some observations for Dollar Index chart in the weekly time frame. It is my personal opinion that prospects for additional rate hikes for 2017 are not high based on the way DXY is declining below previous rate hike levels.
An example of a weekly chart of a major US financial stock printing a head and shoulders price action in total harmony with a bearish signal from Commodity Channel Index. When multiple elements come together to give a consensus signal, traders have a high probability setup.
Natural Gas head and shoulders reversal chart pattern is still intact despite failed rally last week. After that wash out move, real effective resistance is revealed. Am looking for move to neckline.
These 5 lines/levels in China A50 for analysis i.e. bullish/bearish, positive/negative sentiment, pattern broken/not broken. Rather than jump allover the place reacting to price, use these levels to form your own opinion.
So Macron is President of France. It's time to stop obsessing the election, time to move on to another trade. AUDUSD-China A50-Copper is what I am looking at.
Natural Gas printed a level in 2015. Price action says it's resistance in 2016. Everyone sees a bearish chart pattern. It fits our resistance perfectly in 2017. This one is waiting for signal to go.