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moneyflow_trader

Bullish Cypher target $37

Long
SPDR Select Sector Fund - Financial (AMEX:XLF)  
moneyflow_trader Updated   
AMEX:XLF   SPDR Select Sector Fund - Financial
Trend Analysis Harmonic Patterns Chart Patterns finance JPM boa FAS FAZ bankstocks
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trendanalysis harmonicpatterns chartpattern finance jpm boa fas faz bankstocks
Looking at this trading range, I've spotted a previous bearish cypher, a current bullish cypher. Price Action has retrace back to the Previous (B) leg of the Bearish Cypher. The Previous resistances, is currently acting as support for the D leg of the present bullish cypher.

We can confirm this w/ the bottom of the Stoch RSI.

I'm looking to buy put options on $faz ( the financial 3x bear ETF ) near the open bell Monday Morning.. I can also buy shares in the premarket of $xlf or call options. It will depend on the price action of both at that time.
Comment:
triple bottom on 4hr time frame by AD + Chikou Span + Price Action (bullish)

also Stoch RSI shows oversold

snapshot
Comment:
buyers are stepping in at this level. I just shorted the $faz financial bear 3x etf..

It broke out of the cup and handle pattern, and currently retracing
Comment:
$faz
snapshot
Comment:
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