A close above 0.45 could mean that the last two days were cleaning days before the launch..
$USDCAD just broke below a daily trend line and also broke below the neckline of Head and Shoulders pattern
Those of you who read the Weekly Markets Analysis and my previous post here about the $USDJPY, know that I was expecting a reversal at 109.5 which is the completion point of a bearish AB=CD pattern. It is also the monthly downtrend line zone. So far, the $USDJPY follows my analysis and we me see a huge opportunity here. I'm talking about potential for 300-400...
In June, Italy broke below the downtrend line its been following since mid 2013. After a sharp decline where it broke also below the 16.5 support zone, $EWI used the last couple of week to made a small pullback (in a form of a bearish Flag) right back into the 16.5 zone (now resistance). Since C point (16.5) was right at the 61.8 Fib level, we may see a possible...
Will this Gartley pattern be the reason the will push Disney over the cliff? Monitor trend line - If it breaks, it can be a start of a beautiful bearish move.
The daily AB=CD pattern started working last week with a nice reversal in the PRZ. The stock is trading inside a small descending Triangle and we see sellers pressure pushing the price lower and lower inside the tight range. Break of the Triangle will probably lead to the support zone (structure and trend line). It will be a buying opportunity for the bulls...
2 Short ideas in $BAC posted today in the Weekly Markets Analysis newsletter: marketzone.tumblr.com 1: Structure level - Top of trading range 2: Harmonic pattern completion Which one do you think will work during this FOMC week?
Interesting longer term opportunity in $USDJPY as it may complete bearish AB=CD pattern near monthly down trend line. Still has some room to rally, but 109.5 will be an interesting zone to watch. This is one of the trade ideas I posted in this week's Weekly Markets Analysis newsletter.. Read the rest of the ideas here: marketzone.tumblr.com
If you read this week's Weekly Markets Analysis, you probably saw the harmonic pattern I mentioned in $GBPNZD. The setup is now up by more than 350 pips. marketzone.tumblr.com Fore more trading ideas, sign up for the Weekly Markets Analysis - For free..
Do you expect current pattern's breakdown to have the same impact as previous time? Or much more severe impact? First bearish sign in weeks in the $SPY
1.2 zone is a very important support zone. We saw some significant rallies from this zone (with the help of the Swiss bank). We see in the chart a harmonic pattern that the price tried to violate and failed (spike low). The price currently is below minor resistance (red). A break above this resistance could mean the execution of the bullish pattern 1.2065 is...
Gold is attempting to break below a major support zone. The 1280-1270 is an important historic support zone as you can see in the chart (marked with arrows). If you are thinking about getting long Gold, only a break and close above 1280 will confirm a possible move higher, but I see a scenario that the price spikes down towards 1260 before reversing and climbing...
The first setup was based on 4H harmonic pattern, completed near 0.937. Target 1 was reached within short time. After small pullback, we used the 4H trend line and the minor structure zone to time another entry. That setup sent this pair all the way to Target 2.
The best Aug in years! The bulls used the low volume market to push it back to ATH and above the crucial 200 level. Ignoring all data and geopolitical chaos along its way, the market reached the re-test zone of the broken weekly Wedge pattern. It is "put up, or shut up" time now for the bears. This is the sell zone. If they won't press the "sell" bottom now,...
This weekly pattern in $PLX sent to the Elite Zone members last week. Although the stock is already up more than 10% since the alert was sent, the weekly setup is still valid if you are bullish on $PLX.
Second touch at the PRZ of the daily bearish harmonic AB=CD pattern. Interesting sell zone if you are looking to get bearish on Twitter.
Second attempt to break the strong daily resistance zone I marked in the chart. Also testing the X point of a bearish Cypher pattern. Do you think that $BAC can break it? I think that it can be a good place to try and short here (still need to see daily close today - Bearish candle will be nice here near this zone) In case that it will break, you have pattern...
This Elite Zone bearish setup is on its way. $TSLA isn't joining the fake rally in the indexes and is showing weakness. 240$ is the nearest target level for this setup