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H&S on XIU

Short
ISHARES S&P/TSX 60 INDEX ETF UNIT (TSX:XIU)  
otis_bagshots  
TSX:XIU   ISHARES S&P/TSX 60 INDEX ETF UNIT
Chart Patterns Technical Indicators Trend Analysis S&P/TSX Composite XIU short
2
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chartpattern indicator trendanalysis tsx xiu short
XIU has formed a head & shoulders pattern over the month of October. Today it broke below the neckline, signalling bearish price action.
It is also trading below its 50, 100, and 200 emas on the 1h chart and the MACD is below the signal line.
Next test of support is the high volume node centered around 24.4 (-0.81% downside).
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