XLK Potential Bull Trap; " Bearish Throw Over" Pattern.
on 6/25,pattern noted often by Trading View trader Geoff,
occurring when price breaks above resistance, trading above it for multiple days,
only to break back below it, dropping price back into the previous pattern,
and with it, a potential " Bull Trap " now exists on the XLK chart.
NYSE FANG Index has a similar pattern building , as big technology shares reversed from their recent break to the upside.