A potential bearish harmonic trading scenario involving a bearish Bat and a weekly structure zone
Interesting setup on the QQQ Weekly Double Bottom, AB=CD pattern and the 200 weeks MA line.
Bullish AB=CD pattern developed in the Russel. Momentum is being bulit. Still high risk as bearish sentiment still dominates the markets
Notice the bearish pattern with completion near 16,000 The market is still strong (Santa Rally)...but we should pay attention to that development. Tomer
An interesting pattern has developed in recent weeks... The reversal pattern was triggered last week following Banks Earnings.
200 SMA 61.8 Fibo Harmonic pattern Strong resistance zone ahead for XLE
Check out the weekly chart of XLE with a potential resistance zone to focus on in the coming weeks/months
Bearish Gartley (Daily)
If you need a demonstration of how Triangle Patterns work .... Just look at this chart
Will the DAX hold this support zone through this volatile trading week?
Bearish Gartley Bearish Butterfly
Notice that the S&P500 has been rising recently on thin volume. In addition to bearish divergence and harmonic pattern (completion just above 3300), we could be near the end of the current bullish run
SNAP with a weekly pattern and overbought condition Will you sell?
Weekly Bearish Gartley in USDCAD is still valid as X point hasn't been taken by recent rally. Also weekly double top of course
NZUSD just completed a weekly bullish Gartley pattern
The Dollar has completed an impressive recovery despite several rate cuts, as Corona Virus sends investors to safe havens. However, now DXY is facing strong weekly resistance that includes: 1) Weekly Structure 2) The 100 psychological level 3) The 61.8 Fib level (monthly) The Dollar can turn here... if it will, perhaps you can find opportunities in oversold...
The Dollar Index is near a target zone of the bullish Gartley pattern and near a very interesting resistance zone that includes: 2 daily MA lines The bottom of a broken channel Harmonic pattern - Bat Structure Interesting bearish setup towards NFP today
XLE price is trading inside a Triangle pattern - between the 200 days MA line and the trend line marked in the chart. A close below 60$ will probably drive XLE lower, towards 56$ A close above the 200 days MA line can lead to a rally that will take XLE all the way up to complete two bearish harmonic patterns (near 65-66$)