This pattern is extracted from the US2000 H1 price action. It matches the NDX/XLP ratio quite perfectly so far, suggesting more de-risking across markets.
A good short opportinity with a tight stop loss in place
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.
