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
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out