M3D

Potential (LONG) Pattern XLF

Long
AMEX:XLF   SELECT SECTOR SPDR TRUST
This is not an investment advice.
Trade at your own risk.
Do not trade money you can't afford to lose.
Trade active: LONGED @ 23.95
SL: 22.39
TP: 27.88
RRR: 2.52

This is not an investment advice.
Trade at your own risk.
Do not trade money you can't afford to lose.
Comment: Trade went out nicely (as expected).

Today (Tuesday. Aug 11t) XLF pushed higher and around 1pm (ET) it's challenging the 61.8% of CD @ 25.70 (Current day high touched @ 25.72)

A successful daily close above the level above will set the move higher.

Meanwhile, few more levels above could act as resistance (supply levels) at or around the following area:

@25.90 | CD. 78.6%
@26.07 | XA. 61.8%
@26.83 | Previous High

Waiting the weekly close for confirmation.
Comment: Trade still active (same sl) awaiting this week close/price for confirmation.
Trade closed: target reached: Long target hit today :)

Comments

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