Two perfect patterns are forming in the charts

Two textbook patterns are forming in the charts, says John C Burford. The analysis speaks for itself.

I'll keep my patter short and sweet this week. There are two textbook patterns forming this week, one in the USD/JPY cross, and one for Barclays. I'll let my analysis speak for itself.

The five-wave continuation pattern in USD/JPY

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.