$KO completed 3 weekly bearish patterns last week. 2 of them are marked in the chart - 2 bearish AB=CD patterns Find out what's the last one and how you can play it in this week's weekly markets analysis newsletter More trading ideas and analyses inside marketzone.tumblr.com
The bearish Gartley we used in the Elite Zone to short $TEVA from the 55$ zone generated a 8$ downward move in the stock. Now that $TEVA bounced from support to complete its 61.8 Fib retracement, is it the time to jump on the bearish continuation trade? "Aggressive C sell" scenario in a possible bearish AB=CD pattern. As long as the stock stays below broken trend...
In this week's WMA, I posted two trading scenarios to monitor in $EURUSD. Aggressive C buy scenario AB=CD bearish harmonic scenario. Both scenarios closed today with profits. Those who traded them both. took about 400 pips this week. Good Job
I saw some analysts saying the $GS is cheap before earnings. Last week we saw a weekly bearish engulfing candle (Outside bar). This week we see trend line breakdown and a close below the 180$ resistance zone. Even if $GS will bounce from a good report, can you really call it a "Buy"?
The weekly trendline I mentioned in my Weekly Markets Analysis newsletter is still preventing the $AUDJPY from continuing its trip towards the 90 zone. Can the trendline hold till the end of the week? Or will we see the breakdown. In case of a pullback higher I will look for reversal patterns near 95-96 to try a possible downward move.
$EURUSD attempted rally last week was answered by strong selling near weekly resistance. In this week's Weekly Markets Analysis I discuss about to possible trading scenarios for the $EURUSD: 1. Bullish - AB=CD aggressive buy setup 2. Bearish - Trend continuation towards 78.6 Fibonacci level. Read more marketzone.tumblr.com Also setups for $AUDJPY, $EURNZD and $AUDCAD
In this week's Weekly Markets Analysis, I posted a possible bullish setup for $GOOG before earnings. 540$ Is the key support level for this week as it is the 61.8 Fib, structure and the X point level of a bullish Gartley. Read more here: marketzone.tumblr.com $SPY, $QQQ, $WFC, $GOOG and more..
This $MU short setup was published two weeks ago in the Weekly Markets Analysis free trading newsletter. Find out what's inside this week's edition: marketzone.tumblr.com $SPY, $QQQ, $WFC, $GOOG and more...
For the last few months I insisted that this isn't a bull market anymore. Few weeks ago, the technical sign was given and I mentioned it in the Weekly Markets Analysis newsletter. I didn't want to buy anything, only to sell. Can't complain in a week like that. The sign was there - You could either see it and act on it, or ignore it and and lose money on your...
56$ was the higher end of my resistance zone. $TWTR defy the markets and climbed all the way up there only to crash straight to my target level 50$. Amazing day. This is how these patterns work when the markets aren't held by the Fed!
The price is down more than 5% from entry level. Testing support now. Bulls can look for buying opportunities here. Bear need to wait to see breakdown. I suggest to collect some of your profits here and keeping partial position for extended target
Another successful setup for the members today as the $NZDUSD formed bearish Butterfly in the hourly chart after meeting 4H downtrend line. Setup was sent to the members and now we can collect target 1. Another setups successful from today - Short $AUDUSD, Short $AUDJPY, Long $GBPAUD Want to try it? Join us here: www.themarketzone.net
My last trade idea in $TSLA was successful as the stock reversed from the AB=CD pattern I posted. Now $TSLA is running into important resistance towards Ilan's special announcement. Is this the reversal zone for the continuation move towards AB=CD target 2? 230? next? I guess we will have to see market's reaction to the message.
Notice that daily Pinbar formed at AB=CD completion zone and resistance zone. Looking for reversal in this zone.
1.64 will be the completion zone (PRZ) of hourly Bat pattern. The pair is now facing hourly resistance but it looks like it is on the verge of breakout of it. In case that it will, it may continue higher to complete the pattern (more than 150 pips move). Trade scenario: Buy the breakout with anticipation for pattern completion. You need to notice 1.626 which is...
Elite Zone setup - The $EURGBP long setup from 0.78 took about 1 week from entry, to reach its first target level. The trading channel bottom, some daily Pinbars and Fibs extensions were the reasons for my entry. Now this pair faces daily resistance near 0.79. We may see a pullback here so if you want to try shorting this pair, this is your sell zone. Since...
In the Weekly Markets Analysis, I mentioned that 1180 will be a good entry level if the Gold will reach it. As the gold opened the week lower, I sent to the members an email that I'm buying gold at 1190. Since than, the gold rallied back above 1200 and now it is trying to break minor resistance near 1220. We are back inside the weekly bullish harmonic PRZ. In...
The $SPY closes the week just few cents above 196$ which was the last line of defense of the bulls. The good NFP numbers made the $SPY gap up above the daily uptrend line only to meet minor hourly trend line which it failed to pass. Really interesting to see how next Monday will open - A gap down below 196 could mean back to the selling business. A gap up could...