Rounding Bottom is not a commonly spotted chart pattern. We find one in the monthly chart of US 2-year Treasury Note Yield from 2009 to mid-2017. Chart pinned here for future studying reference.
AUDSGD prints a high probability reversal pattern with a combination of multiple bullish features including 1) confluence of trend lines on weekly 2) W-shaped double bottom on daily chart 3) bullish expansion terminated previous week-week trend.
Copper, DAX30 and FT100 show different but compelling potential bearish reversal setups. DAX30 and FT100 are loss leaders among major stock indices. Copper prices on the other hand has a positive correlation with stock indices so bearish setups in these three should be treated as confluent signals.
This is a post-CNY update with a look at CME odds of a March rate hike (83%). Additionally I take a closer look at JP225 and SG30. JP225 is clearly the weaker leg in the correction and their relative performance suggests JP225 has more to lose. For SG30, recall that 399 is a strong level to test.
If S&P500 continues to weaken, Real Estate (XLRE) could be next sector to tip into red. Chart pattern shows a bearish divergence and rising wedge that signals potential reversal.