XLF..Falling wedge.
Pivot point support at trend line support (wedge pattern) held nicely.. now fib level in play and trend line resistance to deal with... Its all going on !!
Note
Today XLF is attempting a breakout from the falling wedge pattern. Wait for a close on the Daily chart above the resistance line, if this is the case you may also want to wait for a pullback to test what will now be trend line support (this usually happens) and if that support holds and or at the 38.2% fib level then we can take a long position with a stop below those support levels mentioned.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.