themarketzone
Short

Bearish Gartley and Bearish Pinbar after earnings

NYSE:CVX   CHEVRON CORP NEW
7 months ago
Weekly bearish Gartley - $CVX

The Gartley's PRZ is between 103$ and 110$.
You can see that the pattern completion zone also comes with a weekly structure zone and in addition, last week's weekly candle closed as a bearish Pinbar pattern.
Aggressive traders can probably seek for reasons to sell $CVX as long as the price respects the PRZ.
More conservative traders should probably wait for a close below 100$ to confirm a False Break to that psychological level.
Based on the weekly chart, $CVX can decline towards 90-91$ to complete a weekly correction move.
The 98$ zone, a daily support zone, can also be used as potential target zone for those who seek for shorter term trades.

Tomer, The MarketZone
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6 months ago
Comment: Weekly Doji... Still bearish
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Tomer J,
The Market Zone - You trading Edge
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