The Bat pattern I've mentioned in the past for $XLU was completed last week.
As you can see there was minor bearish reaction to my harmonic sell zone.
$XLU is very close to 50$ so we may see it try to touch this psychological level.. that's usually what happens.
The bearish scenario for $XLU requires a stop loss above 50.5$ with nice R/R as I aim for 47$ as my first daily target zone and 45$ as secondary

Tomer, The MarketZone
This analysis is part of the Weekly Markets Analysis newsletters

To read more interesting technical reviews for the week
To subscribe to the newsletters -
Follow my blog -
Subscribe to my Youtube channel -
Comment: Pay attention - Second option to short $XLU after target was already reached and it bounced back up to the PRZ
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out