With bearish AB=CD completion, fibs confluence (see full setup in the blog) and bearish Gartley, $IBB presents a nice short setup. 285$, 275$ are the potential target levels. See the full setup and more in the Weekly Markets Analysis: marketzone.tumblr.com
Possible Sell Zone in $XLE as it approaches the 90$ area. $XLE is lagging behind most of the sectors, mainly because of oil prices and the 90$ sell zone may be a good place to try to exploit this weakness (as long as it continues of course). This setup is part of the Weekly Markets Analysis posted in the blog, check out the complete setup and more.....
This setup is part of the FX Weekly Markets Analysis goo.gl The WMA setup was based on a Fib extensions confluence zone and a possible daily Wedge pattern. My targets are up to 200 pips for this trade but it can be an even bigger move if we will see the confirmation signals I'm looking in this trade. Today's Ourside Bar gives another potential reversal pattern...
With a second consecutive bearish harmonic pattern in $TSLA as it approaches its earnings, how will you trade it? In the Weekly Markets Analysis I'm discussing about this setup, as well as a very similar setup in $QCOM. Read the Weekly Markets Analysis: marketzone.tumblr.com
With markets at ATH and analysts already pumping the Year End Rally, you may want to consider $TWTR as a buying opportunity that may turn out to be your new years gift. Bullish harmonics on a major support zone and a 40$ psychological number - These are the three elements building this setup but if you want to read more, check out the Weekly Markets Analysis I...
So simple case that you almost can not believe it! Best regards A.i
When the Dow climb 200 points and $KO crashes, that means a huge hit in this week's Weekly Markets Analysis short setup. 3 WEEKLY BEARISH PATTERNS did their work. Subscribe to the Weekly Markets Analysis www.themarketzone.net
Everything on chart :) I follow the rule less is more! Safe and secure entry would be waiting price breakdown trendline + EMA 12 but you might me little to late So i would suggest here little more agressive entry, drawing trendline accurate on H4 and wait that price reach around EMA 200 (please check your charts) and after price BREAKDOWN TRENDLINE + EMA 12...
Everything is on the chart! Keep it simple :)
The fact that NZD/USD has reached major Support line on weekly + EMA 200 (on tradingview EMA is much higher i dont know why? on two other platforms is EMA 200 supporting weekly NZD/USD here it shows like break, check on your charts). Scenarios: 1. Here we can get agressive bearish 123 and retest of structure, it may be powerfull if it break that support ;) So...
My honest opinion is that one of the major mistakes globaly is that traders counter trend immidiately once price hits PRZ. Even with DT or DB you need some sort of comformation, at least break of DT/DB and wait for price to retrace back to the V bottom of DT structure or A top of DB. I found out that the best way to get comformation that trade has really changed...
The $SPY closes the week just few cents above 196$ which was the last line of defense of the bulls. The good NFP numbers made the $SPY gap up above the daily uptrend line only to meet minor hourly trend line which it failed to pass. Really interesting to see how next Monday will open - A gap down below 196 could mean back to the selling business. A gap up could...
The first bearish setup, the bearish Cypher (Elite Zone only), already reached both of its target levels. Now $PRGO is presenting two possible continuation trade setups. 1. Major structure zone. 2. Possible Harmonic pattern completion *The full explanation is this week's Weekly Markets Analysis This setup is part of the Weekly Markets Analysis newsletter...
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,...