Not the most accurate pattern Gartley formation, but an interesting setup if you want to short $TSLA after if has broken a daily uptrend line.
$FB about to complete an advanced harmonic trading pattern near 77$. For those who seek reversal, that could be a great reversal zone. Don't you agree!?
After breaking down the reversal pattern I mentioned previously, $NFLX managed to hold on a daily support zone (mostly due to market's strength). Breaking below 428$ can lead $NFLX to the completion of AB=CD pattern. That will be the first wave in a stronger downward move based on Weekly chart analysis. Will NFLX complete this target today? I believe it will...
Double bottom with strong bullish divergence. Daily trading channel that can act as possible Wedge reversal. Potential targets are marked in the chart as resistance zones.
Weekly pattern completed 2 weeks ago. Still no signs of weakness, but there are some elements in the daily chart that can be used as bearish signal if occur. Read the full setup in the Weekly Markets Analysis newsletter. Press the link below: marketzone.tumblr.com
The $SPY is testing 198 (previous ATH) for the third time. A break of this level can lead the the $SPY all the way to the top of the trading channel and to the important 200 level. Two short scenarios - One from current ATH level and one from 200 if the $SPY will reach it. The two scenarios present a very good R/R. If you want to read the full analysis and more...
The $EURUSD is currently facing minor resistance near 1.365. With Draghi showing up later on today, we could see the $EURUSD overcome this level and re-test the 1.37 major resistance zone. In that case, we have harmonic pattern completion near 1.368 which can be used as trigger for short entry for those of you who wish to open a bearish position in this pair.