Upside potential towards earnings
$IBM closed above its 50 SMA overcoming the 160$ and 165$ resistance zones.
Towards earnings, these zones are support zones for possible bullish entries in an Aggressive C entry of a bearish Gartley.
3 potential target zones:
180$ - Resistance Zone and downtrend line
185$ - Completion of bearish Gartley and the weekly 200 SMA line (resistance)
188$-190$ - Completion of AB=CD in Gartley wings.
Read more setups on this week's WMA - marketzone.tumblr.co...lysis-is-it-over-yet
Towards earnings, these zones are support zones for possible bullish entries in an Aggressive C entry of a bearish Gartley.
3 potential target zones:
180$ - Resistance Zone and downtrend line
185$ - Completion of bearish Gartley and the weekly 200 SMA line (resistance)
188$-190$ - Completion of AB=CD in Gartley wings.
Read more setups on this week's WMA - marketzone.tumblr.co...lysis-is-it-over-yet