weekend thread, page-2

Here's my weekend musings.
First chart is the weekly XJO which is still trading within its rising wedge pattern bouncing off the 50% fib line. Chances are we will test this area again next week.





Second chart is of the DJIA & shows the fib fan line now acting as resistance indicating a probable test of support below at the next line. A doji candle adds to uncertainty.





Third chart is of the SPX & here we had a reverse hammer followed by also a doji candle with a H&S pattern developing on the williams %R indicator





Finally I have included an interesting chart of Aussie oiler WPL which shows a clear downtrend after trading out of a large triangle pattern. This caught my eye as last time oil spiked so did WPL