Replies to post #5627 on FinancialAdvisor's College Class (FACC)

[AnderL]

Correct me if I'm wrong but wouldn't you measure the lowest point on the head to neckline at a right angle? 93.30 - 83.80 = 9.50.

Then you add the difference to the break of the neckline (84 to 85ish) + 9.50 = 93.50 to 94.50

Notice the magnitude to the MACD divergence from price over the last 2 years and a potential Ascending Triangle forming at the bottom which in itself has a price target of 90.49 off its potential breakout. 90.50 is the Fibs 25% mark and 95.91 is the Fibs 38.2%.

IMO the Dollar index has bottomed and should create a reflective pattern that is the inverse of its previous downtrend.