XLF Bullish View Trailing stop lossXLF Bullish view
1. False break of long term support on Monthly chart
2. 5 days in the bottom price zone against the downtrend.
3. Gap Up break form 5 days consolidation on the support.
XLF trade ideas
Sunday Prep 10/10 - $XLF Pullbacks can Offer Long OpportunitiesFinancials still look extremely strong as well, making higher lows and higher highs. Pullbacks can very well offer long opportunities. We also may get some extension on it, since we just broke out. Depends on the overall market though, but the weekly chart looks great on this
Wedge Down on XLFAs seen on the graph, the price of the XLF ETF is creating a Down Wedge pattern. We recommend placing a long position.
Symmetric Triangle on XLFA symmetric triangular pattern is forming on XLF, on this pattern depending on how the price breaks, two different positions can be placed.
Ascending Channel in XLFIn the chart of XLF we can see and ascending channel, in wich we can open a long position.
