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...
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.
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 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...
I gave an exact location of the reversal today, now you got confirmation with a bearish engulfing\Outside bar on a daily chart.
$FAS reached its retracement target at 100.0. With a rally carried with almost no volume, it may be a great potential reversal zone. Need to see close below 100$ today on expiration day.
This setup, sent to the Elite Zone members before yesterday's GBP economic events. Bearish Gartley, bearish Bat and bearish Cypher - Confluence of three harmonic trading patterns right near the 2.0 round number. Setup just reached its secondary target level - 300 pips. Perfect example of the king of trades Elite Zone members receive each week for stocks and FX.
Today's gap up created a double top right at the PRZ of a daily, bearish Butterfly. 61$ and 56$ are two potential target zones.
Couldn't change the header for some reason - Double bottom guys. Sorry We can see today's daily candle (as per now) as a bullish candle at the bottom of the support zone mentioned in my Weekly Markets Analysis. Interesting zone if you want to try and buy EURUSD for a pullback. I wouldn't count out some spikes tomorrow - Both sides - but as long as 1.335 holds,...
Not the most accurate pattern Gartley formation, but an interesting setup if you want to short $TSLA after if has broken a daily uptrend line.
After creating a false break to the 55$ resistance zone, $TEVA is about to test its uptrend line. In case that it will break down, $TEVA could be headed to some serious correction move. This is one of the setups posted in the Weekly Markets Analysis this week. Check out the rest here: marketzone.tumblr.com
$FB about to complete an advanced harmonic trading pattern near 77$. For those who seek reversal, that could be a great reversal zone. Don't you agree!?
Completion of bearish Butterfly could be used as entry trigger for short position For more ideas join the Zone community at WWW.THEMARKETZONE.NET
Hourly bearish Bat in $AAPL at previous highs.
After breaking down the reversal pattern I mentioned previously, $NFLX managed to hold on a daily support zone (mostly due to market's strength). Breaking below 428$ can lead $NFLX to the completion of AB=CD pattern. That will be the first wave in a stronger downward move based on Weekly chart analysis. Will NFLX complete this target today? I believe it will...
Double bottom with strong bullish divergence. Daily trading channel that can act as possible Wedge reversal. Potential targets are marked in the chart as resistance zones.
Weekly pattern completed 2 weeks ago. Still no signs of weakness, but there are some elements in the daily chart that can be used as bearish signal if occur. Read the full setup in the Weekly Markets Analysis newsletter. Press the link below: marketzone.tumblr.com
The $SPY is testing 198 (previous ATH) for the third time. A break of this level can lead the the $SPY all the way to the top of the trading channel and to the important 200 level. Two short scenarios - One from current ATH level and one from 200 if the $SPY will reach it. The two scenarios present a very good R/R. If you want to read the full analysis and more...