The $AUDCAD harmonics I mentioned in this week's analysis reached secondary target level. Now, the weekly setup suggests looking for bullish opportunities.
Now facing the 50 SMA, but the price is below 208$. Looking great for now, but only weekly close will confirm the weekly bearish setup and will allow aiming for extended targets
$GOOG is now facing the 570$ resistance zone for the second time. Today, although it was strong in a weak market day, $GOOG failed to breakout of this zone. As long as the price stays below 570$ it presents a shorting opportunity which means 570$ is sell zone 1 Sell Zone 2 is even more interesting as it is both structure and the completion of a bearish Bat...
$IBM was one of our winners, in the Elite Zone last week with an impressive breakout of a descending trading channel we've been monitoring. Now, when it is at the top of my buying zone, the question is, can $IBM make it above 165$ to continue to my secondary target level - The 200 SMA line? It all started with a bullish AB=CD pattern on the weekly 61.8 Fib...
So far everything is going according to plan and the $SPY now reached the first target level of the bearish Bat mentioned in the WMA. Now it is the money time.. both for bulls and for bears. Who will win by the end of the week?
The bearish Butterfly can be used as a short term trading opportunity based on this week's Weekly Markets Analysis review - marketzone.tumblr.com
There has been so much chatter over the net on $GPRO so I decided to have a look and indeed there's a very nice setup for a potential bullish move. $GPRO broke out of the daily down trend line (I know some will disagree with the way this line is placed, but that's how I place my trend lines) after a completion of a bullish AB=CD pattern and a daily double bottom....
The monthly pattern in $EURGBP is starting to move in the right direction. As per now, one week before the monthly close, we see a bullish Pinbar forming inside the PRZ. The Elite Zone members are already in with 150 pips profit.
The $GBPJPY is on an interesting level - Support zone and 200 SMA line provide support. From this zone two things can happen - A breakdown towards the completion of AB=CD pattern or a rally towards the completion of a bearish Gartley. Read the full analysis and more in this week's Weekly Markets Analysis newsletter marketzone.tumblr.com Read the article about...
$NZDUSD aggressive C entry paid off nicely last week and it was one of the week's biggest winners. Now $NZDUSD is reaching a very strong resistance which include a harmonic pattern, a 200 SMA line and a daily structure resistance. Check out the complete analysis on this week's newsletters - marketzone.tumblr.com Subscribe to the Weekly Markets Analysis...
$EURUSD was one of last week's winners with two successful setups. One when its climbed above 1.06, which was the important level to monitor according to last week's WMA newsletter... And the second one was after the pullback that reached straight into the SMA lines support (setup was sent to the members. Read my newest article about the use of SMA in the Zones...
Last week's bullish scenario lead 3M to the resistance zone mentioned in the newsletter. Now it is a test for both bulls and bears. Will the bearish setup play out this week or will the bulls push 3M to new high? Check out the complete analysis on this week's newsletters - marketzone.tumblr.com Subscribe to the Weekly Markets Analysis newsletters here -...
The $SPY, $QQQ and $IWM are part of this week's Weekly Markets Analysis newsletters. All of them showed strength last week and all of them has bearish patterns towards the open of this trading week. Today could be an important day in the $SPY, $QQQ and $IWM Don't miss out the analyses: Check out the complete analysis on this week's newsletters -...
In this week's Weekly Markets Analysis I'm covering $AUDCAD which worked quite nicely lately with harmonic patterns. After successful Cypher and Bat pattern, will the next two patterns also score? Interesting harmonics analysis in this week's newsletter: Check out the complete analysis on this week's newsletters - marketzone.tumblr.com Subscribe to the Weekly...
I've been analyzing $GBPNZD here over the last few weeks and so far it is heading as anticipated towards the completion of the bullish Bat I mentioned in previous analyses. The Zone we currently at is also the weekly SMA line which makes it even more interesting. This pair's analysis is part of this week's Weekly Markets Analysis newsletter: Check out the...
After breaking and violating my previous setup on $IBB, the selling action we've seen on expiration date could mean that options traders finally think $IBB has reached too far. When this selling action comes with a daily bearish AB=CD pattern, it becomes interesting. If indeed we will see a pullback, the first point of interest will be the meeting point with the...
I had two bullish setup on $NZDUSD - Both of them were harmonic setups. The first one was a small Cypher pattern (in yellow) The other one was a potential aggressive C entry on a bearish Gartley (in red) With such oversold conditions, it was a must trade. The setup and frequent updates were sent to the members during the week and this is one of our big...
Successful Elite Zone harmonic trade idea on $SODA