The KOD setup posted for $888 resulted with a 10$ drop in the stock price as it half way towards final target level. Next 144$.. Maybe some pullback on its way down
$BP completed a bearish Bat two weeks ago.. This was an Elite Zone setup The first reaction was a quick hit on our first target level, but than the stock rallied back up and spent almost two weeks jumping around the PRZ. On Thursday and Friday, we finally got the move I was expecting and it seems like $BP may be on its way down to test the 38$ zone... (must pass...
Bearish Bat is within few cents from target level. What's next?
1.55 was a weekly resistance zone I've mentioned two weeks ago in the last Weekly Markets Analysis newsletter. After dropping 400 pips like a rock, $GBPUSD is reaching an interesting support zone. Follow the MarketZone's blog - MARKETZONE.TUMBLR.COM
Silver is at support zone after breaking out of a falling Wedge. If the support zone will hold, we may see Silver rallying towards the 200 SMA line. It should breakout and close above the Fast SMA line to confirm this scenario. Visit www.themarketzone.net for more information about the MarketZone Follow the blog marketzone.tumblr.com for updates
Financials, which have been driven higher by the Fed and the ECB, is in an interesting sell zone. We have minor structure level as well as the top of a rising Wedge. We've already seen false breaks in both sides of the Wedge as the ETF ranged from 25$ to 23$ and now, judging by the decrease in volume $XLF may be setting up towards its next strong move. Above...
This Cypher was one of two possible setups I've posted in the Weekly Markets Analysis this week. Now that the $EURUSD has reached the PRZ, it will be interesting to monitor price intra-day price reversals. Subscribe to the Weekly Markets Analysis www.themarketzone.net
We've been waiting and waiting and now all the talks are over... Yellen, Draghi.. those are all behind us Now its time for action - Up or down? Breakout? or pattern reversal move? I'm with the bears till proven otherwise.. WWW.THEMARKETZONE.NET Weekly Markets Analysis
One of my successful trades yesterday was this hourly harmonic pattern (bat pattern) on $GBPNZD. It was a setup sent to the members on my weekly members letter and we had couple of entry points to choose from. I've just posted a blog post discussing about this trade and the dilemma we had regarding our possible entry points. You can read the blog post...
The Weekly Markets Analysis setup was to short the 164$ zone as a KOD entry. Today we say a perfect touch and drop from $888, possible confirmation of this bearish setup
Maybe some pullbacks along the way, but now that $FSLR broke the 200 SMA resistance, next level is probably 70$.
$FB bearish trade idea from the Weekly Markets Analysis has reached first target level - the structure support near 78$
Just a reminder for the analysis I've posted in this week's Weekly Markets Analysis. Two harmonics to monitor. The $EURUSD continues to bounce on top of the support zone and while that's the case, you have possible bullish C entry for the red Gartley. If the $EURUSD will break support, we have bullish Cypher near 1.12 The Weekly Markets Analysis...
After two successful trades in $USDCAD, will the third harmonic pattern be the charm? Bearish Bat completion on the hourly chart
The $NZDCAD provides a classical trend chart. Broken Resistances becoming support which lead to new highs. Higher Highs, Higher lows.. just like written in the books. Can it last forever? Of course not.. but we are going to find out real soon whether it can last for another round.. Shorting opportunity for the bears. The bulls will have to wait for the...
Possible Aggressive C entry in $EURAUD as we see potential for a bearish Gartley in the 4H chart. The price is currently above structure support and above the 200 SMA support. A good place for a stop loss would be below 1.432 (although the technical level should be below point A) Initial target level for a bullish move will be 1.468, which is a structure...
After the resistance $T met with the 200 SMA line, is it time for it to rally and complete the bearish Bat pattern shown in the chart? Possible bullish trading scenario with stops below 33.5$ and targets at 34.8$ and 35.8$
$GBPUSD stopped right at the weekly resistance zone I mentioned in last week's Weekly Markets Analysis newsletter. This week I'm trying to find a smaller pattern to trade based on the assumption that as long as the price stays below resistance, It has higher potential to move lower.. maybe a pullback towards 1.52. Press the link below to read the newsletter...