XLF - sub-fractal identified
Updated
XLF is potentially in a pretty bearish posture but I give it allowance for one more pop into the orange box specified. After that I would be short. I don't like the setup to be long here.
It is very interesting that my fractal identification method has picked out a sub-fractal if you will -- i.e. a pattern in the daily, which has previously presented itself in the hourly.
If I overlay that onto the daily chart, I see we should pop into one more high before turning down
It is very interesting that my fractal identification method has picked out a sub-fractal if you will -- i.e. a pattern in the daily, which has previously presented itself in the hourly.
If I overlay that onto the daily chart, I see we should pop into one more high before turning down
Note
Order cancelled
Got the pop into the yellow box, but I am retiring this fractal.
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