Tuesday, June 3, 2008

FXI: Retesting The Neckline


(Click On Chart To Enlarge)

Lots of patterns in this chart. FXI currently is trading within the Bull Flag/Downward Sloping Channel, and retesting the neckline of the Bullish Inverse H&S breakout, which comes in today, June 3, at about 147.70. FXI currently is trading just below the neckline, at BID 146.85 ... ASK 146.90. The low of the Right Shoulder was put in on April 14, at 140.01. For the H&S breakout to remain bullish, that needs to hold.

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