SPDR S&P Retail ETF

Long

XRT: Bullish Inverted Head and Shoulders Could Target an 0.886

Updated

XRT on the hourly has started to form what could be a Bullish head and Shoulders, if it plays out it could result in the XRT making a 0.886 Fibonacci Retrace likely starting before the end of the week. Additionally, the RSI has a Bullish Shark formation which could serve as further confirmation of the low.

Trade closed: target reached

Trade closed: target reached

snapshot

Also on:

Related publications

GME: Continues To Hold the Bullish 0.886 Position and 200-SMA

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.