SHORT XLP
I am bearish overall especially below the 50% Fib. But I have to give the bulls a chance. If they can fill the gap and then take the fib then off they go.
But realistically we fill the gap, maybe bounce and reject again and or just keep dropping. Slow grind I would presume so take a long leap position.
I will scale into short positions over Q1 & Q2 of this year.
But realistically we fill the gap, maybe bounce and reject again and or just keep dropping. Slow grind I would presume so take a long leap position.
I will scale into short positions over Q1 & Q2 of this year.
Trade active
In my position. Stop loss is above $80
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.
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.