The long term view states that the up trend is still intact, moving to a shorter time frame we can see that the down swing line was broken and the price closed at 4.42$ just above the 4.40$ resistance turned support level. On another note, yesterday's candle was a spinning top indicating balance between the bulls and the bears, which puts doubt on our bullish scenario. Nonetheless, going long at market open stop at a close below 4$, target 5.10$ (May high)
#XLF
#XLF
Comment:
approaching target
Trade closed manually