The Bat pattern I've mentioned in the past for 
XLU was completed last week.
As you can see there was minor bearish reaction to my harmonic sell zone.
XLU is very close to 50$ so we may see it try to touch this psychological level.. that's usually what happens.
The bearish scenario forXLU requires a stop loss above 50.5$ with nice R/R as I aim for 47$ as my first daily target zone and 45$ as secondary
Tomer, The MarketZone
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XLU was completed last week. As you can see there was minor bearish reaction to my harmonic sell zone.
XLU is very close to 50$ so we may see it try to touch this psychological level.. that's usually what happens. The bearish scenario for
XLU requires a stop loss above 50.5$ with nice R/R as I aim for 47$ as my first daily target zone and 45$ as secondaryTomer, The MarketZone
This analysis is part of the Weekly Markets Analysis newsletters
To read more interesting technical reviews for the week goo.gl/c8og8B
To subscribe to the newsletters - goo.gl/HXjCPV
Follow my blog - goo.gl/78KZsl
Subscribe to my Youtube channel - goo.gl/q8dbyT
Nota
Pay attention - Second option to short XLU after target was already reached and it bounced back up to the PRZ
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.