This short setup in $BBY may took its time, but today, we reached the targets. 15% gains in this Elite Zone trade
After breaking down two uptrend lines, $CORN is back the 25.5$ zone (now support). The levels between 25.5$ and 25$ is support zone to monitor that comes with the 50% Fibonacci level. Yesterday's strong selling could mean that the price will continue to dive to test the bottom of the trading zone. In that case, if we will see a reversal near the 50% level, a...
One of the trading scenarios mentioned in this week's WMA was to sell the thinner trend line and to buy the support zone ( marketzone.tumblr.com ) So far, the part of the shorting worked with strong bearish candle from the selling zone. Now the questions is, will this pair find the support that will push him higher to break both of the trend line this time (pair...
The oil continues to drop and it is very close to the weekly PRZ
This setup was one of several setups sent today to the Elite Zone members in the weekly members stock markets analysis. If $AA will continue its climb (after a strong weekly candle from last week) and reach the resistance zone near 17$, it will also complete a bearish Bat pattern. 17$-17.5$ will be an interesting zone to look for intra-day reversals that can...
In the chart you can see the bullish Butterfly pattern formed last week in $EURGBP. In this week's Weekly Markets Analysis you can see how this harmonics comes right on a weekly support and near a weekly uptrend line. Read the full analysis and more here: marketzone.tumblr.com
The bearish Pinbar on the 1.54 resistance provides an interesting continuation setup for initial bearish harmonic setup (AB=CD) posted last week. This setup is one of the trading ideas posted on this week's Weekly Markets Analysis newsletter: marketzone.tumblr.com
Read the full analysis for $IBB in this week's Weekly Markets Analysis: marketzone.tumblr.com Bearish AB=CD pattern and some Fib extensions provide an interesting setup towards earnings season
180$ is an interesting target level for an upside pullback. In order to do so, $IBM must hold the current support zone which includes both structure and Fibs confluence support elements. The weekly AB=CD pattern was the trigger for my entry
For over two weeks the Elite Zone members had to wait for the bullish Cypher pattern to do its thing. Yesterday, the waiting paid off. 20% gains in this daily setup
1.52 is the second daily target level but the pair may pullback higher before reaching lower. 1.54 will be an interesting sell zone to monitor for reversal patterns if this pair will rally.
This chart shows a complete analysis for the Crude which was part of the presentation I made for the Elite Zone members in our "World Markets Review" webinar. You can see in the chart how the crude provided several bearish signals during the years 2012 and 2014 when it struggled with the 100-110$ resistance zone. The confirmation was given once the crude broke...
Silver already broke out of its daily downtrend line. For more than a month, it has been building a daily bottom but still couldn't really breakout of the 16.5 resistance zone. On its way, it must pass the 16.2 minor resistance zone. 17.5 and 19 are my extended target levels for the potential bullish move.
In the Weekly Markets Analysis, I've mentioned 1.19 as the lowest level the $EURUSD can reach for me to consider the option that we are dealing with a false break to the 1.2 support zone. After two hourly attempts to break the 1.19 level, the $EURUSD still holds above it. A climb back above 1.2 - 1.21 can be the confirmation sign for a false break. Monitor it as...
Friday's price action took out the previous highs in $USDCAD. Was it a low liquidity shakeout? Will it turn out to be a false break? Still to early to tell, but a close below 1.16 will be a great sign if you are looking for a bearish trade in $USDCAD. A false break will also fit with a bearish harmonic pattern we have on the weekly chart. I've wrote the whole...
Following my latest post about $AAPL (see link below) I've just posted the Weekly Markets Analysis (First 2015 editions) newsletters which include these two harmonic scenarios in $AAPL. Bearish Gartley - Completes near 116$ (close to the trend line resistance) Bullish Bat - Completes a little lower than the round 100$ level. You can find some more details and...
My bearish bias on $AAPL has already paid out with multiple successful trading setups traded during December 2014, but now.. $AAPL may create a major sell signal if it'll break the uptrend line I've drew in the chart. (BTW currently I have no $AAPL position on) Would you trade the trend and buy at this level? Or would you trade the breakout? $AAPL bulls are...