This bullish pattern will be tested when markets will open
$SPY managed to hold above support on a Volatile expiration day last Friday.
Both Bat pattern (blue) and the daily triple bottom patterns remained valid as the price closed above 185$
*notice that B point didn't touch the 50% - Not a perfect Bat pattern
Potential targets - 193$, 196$ and 200$ (re-test of broken trend line)
Stop loss - Should be at least below Friday's low
Tomer, The MarketZone
This analysis is part of the Weekly Markets Analysis newsletters
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Both Bat pattern (blue) and the daily triple bottom patterns remained valid as the price closed above 185$
*notice that B point didn't touch the 50% - Not a perfect Bat pattern
Potential targets - 193$, 196$ and 200$ (re-test of broken trend line)
Stop loss - Should be at least below Friday's low
Tomer, The MarketZone
This analysis is part of the Weekly Markets Analysis newsletters
To read more interesting technical reviews for the week goo.gl/gg59or
To subscribe to the newsletters - goo.gl/HXjCPV
Follow my blog - goo.gl/78KZsl
Subscribe to my Youtube channel - goo.gl/q8dbyT
