XLF Inverse H&S breakout.
As noticed yesterday XLF seems to be trading in series of H&S patterns. We've had a confirmed breakout of the IHS pattern it had been forming.
It appears that the height of the breakout is equal to the previous head. I'm projecting this will run up to touch test the 200 DMA which is around $25.75-25.80
It appears that the height of the breakout is equal to the previous head. I'm projecting this will run up to touch test the 200 DMA which is around $25.75-25.80
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.