As expected, $XLE couldn't handle the 80$ strong daily resistance zone at the first attempt to breakout of it. Although it held there for a few days during the holiday's it was quite obvious that it will have to gain some more momentum if it intends to breakout of this level. Having said that, I can not ignore the force behind the latest bounce. "Dead Cat...
As gold still struggles with the 1200 resistance zone, it recently broke down below its latest daily uptrend line, which is not a good sign for the gold bulls. As long as gold is inside the 1180-1200 zone, it can still try to accumulate strength for the breakout, but if the gold will dive below the 1180, we may see a buying zone near 1155 as it will complete a...
Another successful Elite Zone setup - AB=CD pattern in $GBPAUD. Although the trade is already up 300 pips, you can see that this pair has much more room to fall till it will hit the nearest major daily support zone. We may see some correction moves on its way down, but chances are that this perfect AB=CD pattern will turn out to be a very profitable trade for...
It took a while, but the Elite Zone members finally can collect profits from the $USDJPY short setup sent last week. The setup was based on a trading channel breakdown, and a pullback that turned to be bearish Cypher pattern. almost 200 pips in this trade
$SODA is holding the bottom it has created near the 20$ zone. The marked trendline has been broken and if that breakout is real, a close above 22$ could lead to a huge rally in $SODA
The $EURCAD broke out of a daily uptrend line recently. The $EURUSD keeps pulling it back lower but this pair is still above a major bottom. It can be a nice buying zone for the coming weeks: Trend line 61.8-78.6 Fib zone support zone
After the breakdown of the uptrend line, can the $IWM finally complete the reversal? For now, with the help of the Fed, there are breakout signs that suggest that the $IWM can continue higher, but is it a real break? or a Christmas False Break? Two lines to monitor over the next 2 weeks. 120$ is definitely and interesting zone in $IWM
Bullish AB=CD pattern in $AUDCAD daily chart. Possible targets: 0.96, 0.97 and 0.975 Confirmation signal - A close above 0.95 can be a good confirmation signal as it will close above 3 daily candles highs
During our "World Markets Review", a closed webinar held for the Elite Zone members only, we have discussed about several world indexes and the way that they are approaching the new trading year. India enters 2015 with a weekly bearish setup - A trading channel breakdown and a close below the 200 SMA line (weekly). What does it mean about the other relative...
The Fed did it again! The SMA line still holds despite Russia. Although we do have an Outside Bar in the weekly chart, make sure that you do not push "ALL IN" on the bears, at least until the Fed's line breaks.. and than, hope that Bullard won't show up :) Read the new blog post in my blog marketzone.tumblr.com
Possible bullish setup in $AUDNZD as the pair double bottomed on a major support zone. Last time it lead to 1000 pips rally.. Can it bounce again?
After last week's price action provided our first target level, Yellen came out yesterday and pushed our setup towards the final target level. This stock may continue higher based on the strength of the move, but we are out, satisfied and very happy with a 20% move. Join the MarketZone's Elite Zone in WWW.THEMARKETZONE.NET You can also read trading articles...
This AB=CD pattern is part of a complex setup the Elite Zone members have in $AMKR. We are bullish $AMKR with several harmonic patterns to support our bias and yesterday's move already generated 4% gains since the entry level.
I'd wait for a close above 200.5$ to confirm possible reversal. 118 is the important level in $USDJPY that may support the reversal
Since September, the Elite Zone members prepared, traded and waited for this bullish Gartley in $OPK. Today it finally paid off and it is looking good for the longer term targets.
For the last 3 months I've been writing about this one simple trend line that generated profits every time that the price has touched it. This red trend line that you see in the chart played major role of resistance every time that the $SPY tried to breakout of it. Over the last few months the Elite Zone members have received several shorting attempts on $SPY...
After two successful short setup which reached their final target level, 110$, is it time to go long? Maybe..at least for the short term. Bullish Bat just completed near 110$ Setup for next week? Holiday spirit and Jannet Yellen may support!
Oil may bounce as it just hit a minor weekly support zone but the chart shows that the upside potential is very limited. 65-70$ is going to be a strong resistance with the 61.8 Fib (which will act as resistance once it broke down) and a weekly downtrend line. A reach to the 78.6 here (near 50$) maybe inevitable. A close above 60$ with a strong 4H or daily...