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Education Services - Learn To Trade Like Pro. Learn to use advanced technical analysis techniques to trade currencies (FOREX) and Stocks.

From clean charts (Price Action) to Harmonic Patterns - Your Trading Edge is HERE! Learn to trade the markets like a Pro! In-depth technical analysis of the FX and Equities Markets. Offering a FREE weekly newsletter with technical coverage of S&P500, Dollar Index, EURUSD, Gold and more...

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Learn to use Price Zones, Price Action, Fibonacci and advanced patterns (harmonics) to find high-quality trading opportunities. Your Change Starts Here!

04/03/2020

Time to say goodbye...
For more than 5 years now, I've been posting and sharing my
technical analysis with you, here in this page.

As I constantly monitor, watch and read posts in other pages, I can honestly say that the Market Zone's readers and followers got access to one of the most accurate and detailed analysis that social media offers...for free

But now, it's time to move on.
I decided to turn my focus back on my personal trading and therefore I will no longer share new posts in this page.

You can still follow me on Twitter () as I will remain active there.

I want to thank the many followers that interacted with me throughout the years... whether its by joining my trading group, subscribing to the the Weekly Markets Analysis newsletter, or simply liking and sharing my posts.

It's been fun...
Good luck in your trading.

One last chart - Keep an eye on Gold as it's price continues to trade near the PRZ of a weekly bearish Bat pattern. This can turn interesting and highly profitable if this pattern will get triggered and turn the table on the Bulls.

Trade Smart - Trade in the Zone

02/03/2020

Two lines that I'm watching this week:

The 50 weeks MA line - The S&P500 price is currently below its 50 weeks SMA line, and it has the potential to act as resistance.

The Monthly Fast MA line - This line is where the S&P500 found support last week. This is also the line that has been acting as a trend line since 2010 (!) - Key supporting elements for the weeks to come.

What are your thoughts on the S&P500 near term future - Bearish or Bullish?

28/02/2020

The S&P500 closed in green today.
A nice turn near the end of the trading session.
However, notice that $SPX closed the week below its 200 days MA line - That's not a positive sign for stock.

If you are looking for something positive following this brutal trading week - The Nasdaq closed in green after bouncing from its 200 days MA line (confirming the support)

Enjoy the weekend, I expect this roller coaster ride to continue also next week (with special focus on the Nas100 supporting line).

27/02/2020

SPX analysis update:

The S&P500 is now testing the 3050-3100 support zone.
This Support Zone includes:

1) The 200 days MA line
2) Weekly uptrend line
3) 61.8 Fib correction level

Will the Coronavirus panic stop here?

25/02/2020

Coronavirus fears continue to destroy 2020's gains - The S&P500 is now near its 200 days MA line.

$SPX fell by over 200 points this week as the Corona virus continues to spread around the world.

Surprisingly, the Fed officials keep the hawkish tone and are not eager to pump the markets back up.
My guess is that this will end soon and the Fed/Trump will say/do something to pump stocks higher again... but will it help?

The chart shows that SPX crash started after it broke below a daily uptrend line.
3300 now turned from support to potential resistance, so even if the market will try to recover, it will have to overcome 3300 in order to continue higher.

The Price Zone near the 200 days MA line (3050-3100) is a very interesting Zone to monitor for a potential Buy The Dip scenario. If you think that this panic is temporary and stocks will bounce back up - this is where you need to look for potential reversal patterns.

24/02/2020

Couple of months ago I showed here an analysis suggesting that XAUUSD (Gold) will reach 1700$ to complete a bearish Bat pattern (Harmonic Trading).
Today, Gold spiked right into the PRZ (Potential Reversal Zone).

I expect another push higher, to pe*****te deeper into the PRZ, but if you are looking to short Gold, you should start watching closely for a potential reversal.

23/02/2020

USDJPY analysis - Weekly Breakout?

The weekly chart of USDJPY shows us that the Dollar's Bulls overcame a key Price Zone last week, as they pushed USDJPY above the 109-110 Resistance Zone.

The 109-110 Resistance Zone included 3 weekly MA lines and weekly trend line - This was a price zone that USDJPY tried to break for more than 2 months.
Last week the Bulls won!
But, can they keep this achievement?

If USDJPY will continue higher this week, or at least stay above the 109-110 Price Zone, it will confirm the bullish breakout and signal that the pair is heading higher...
Based on the weekly chart, such bullish momentum can drive USDJPY up towards 118-120 - The next weekly Resistance Zone.

If USDJPY will turn and close back down below 108, the pair will generate a weekly False Break Signal and potentially lead USDJPY back to 105

21/02/2020

Dollar Index Analysis Update:

Earlier this week I mentioned the the Dollar Index (DXY) was facing a very strong weekly Resistance Zone near 100.

Today we see a strong reversal in DXY, right inside the Resistance Zone.

Is it the end of the Dollar's bullish run?

If the Dollar will close near the day's lows today, it will form a weekly Pinbar pattern.
This weekly Pinbar pattern, besides being a warning signal, can turn to a Reversal Pattern if the Dollar will continue lower next week.

Keep your eyes on that...
Enjoy your weekend!

19/02/2020

GBPUSD - Bearish correction ahead!

The Cable was rejected by a strong weekly Resistance Zone two weeks ago when it failed to close above a weekly uptrend line.
Today GBPUSD generated another bearish signal that suggests - A correction is coming.

The weekly chart shows us how GBPUSD was rejected by a weekly downtrend line and the 200 weeks MA line - A strong Resistance Zone that GBPUSD failed to break.

Based on the daily chart, the nearest daily support zone is down near 1.26-1.265.
This Support Zone includes the 200 days MA line and a daily uptrend line.

As long as GBPUSD stays below 1.3, the analysis suggests that it will continue lower towards 1.26, to test the support zone.

Only a close above 1.3, and above the weekly downtrend line, will change my forecast for GBPUSD.
Such a scenario can lead to a massive rally in the Cable - One that I will write more about, if it will become relevant.

18/02/2020

The Dollar is rallying today.
It is up by 0.3% and it is testing 2019's highs.

This is basically the Target Zone that I marked for DXY when it climbed back inside the trading channel, two weeks ago.

Now DXY is facing an interesting Resistance Zone (and a potential Sell Zone).

Between 99.5 and 100.2 DXY will face:

1) 2019's high - Structure and a potential double top scenario
2) The 100 psychological level
3) The top of the rising channel

If you are looking to short the U.S Dollar, you should definitely pay close attention to this Price Zone

Have a great trading week!

12/02/2020

Weekly Bearish Bat - $NVDA

NVIDIA stock's price has reached to the Potential Reversal Zone of a weekly harmonic pattern - Bearish Bat

The bearish scenario:
The PRZ is between 270$ and 295$ - That's a wide price zone (approx 8.5% risk) in which you can try to find smaller patterns that will help you to time a bearish entry with a tighter stop loss.

Another option is to play neutral to bearish strategy, such as selling calls or spreads, with assumption that NVDA won't exceed 295-300$ in the coming weeks.

11/02/2020

Are we heading towards a correction in Nike?

Since the 3rd quarter of 2018, Nike's stock price was doubled.
Now that $NKE is facing the 100$ handle, is it time to sell?

I see two warning signals when I examine Nike's weekly chart:

1) Two weekly Pinbar patterns that show the presence of sellers in the 100-105$ Price Zone.

2) The sharp decline that we saw two weeks ago when $NKE fell from 104$ to 96$

On the positive side:

1) $NKE bounced from the Fast MA line - Indicating that the uptrend is still pretty strong.

2) For the Pinbars to turn into Reversal Patterns, the price must close below the Pinbar's low. Till now that is not the case.

Summary:
Although there are some warning signals, I wouldn't bury Nike's Stock just yet.
Although 100$ is a psychological level, technically the critical price zone is 95-96$. A close below the weekly Fast MA (below 96$) can signal the start of a short term correction wave that will take Nike's price to the 90$ handle.

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