XLF daily - there is more and more chance that financials will drop hard and fast. It just can't break out of the neckline and continue it's moving up. It pops twice in the last 3 sessions above the trend line but those trend lines are very strong resistance areas.
XLF is close to decision time, meaning will bulls win and this will trigger an inverted Head and shoulder reversal pattern which will confirm we had a bottom or this will be broken down from a rising wedge, a very bearish pattern. It is close to the end of the pattern and there is no more place for decisions. Therefore break will be imminent on one side or the other.
Inverted SHS will mean the possibility for testing ATH while rising wedge testing of lows.
I would stay aside until we get perfect confirmation.
Both RSI and MACD are pointing for a big drop due to their negative bearish divergences.
Prepare popcorn because there will be fireworks soon!
XLF is close to decision time, meaning will bulls win and this will trigger an inverted Head and shoulder reversal pattern which will confirm we had a bottom or this will be broken down from a rising wedge, a very bearish pattern. It is close to the end of the pattern and there is no more place for decisions. Therefore break will be imminent on one side or the other.
Inverted SHS will mean the possibility for testing ATH while rising wedge testing of lows.
I would stay aside until we get perfect confirmation.
Both RSI and MACD are pointing for a big drop due to their negative bearish divergences.
Prepare popcorn because there will be fireworks soon!
Consistency is the key of success....
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Consistency is the key of success....
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.