XLP (4H) – Price remains in a short-term downtrend with repeated rejection at the descending trendline. Overhead supply at 81–82 has acted as distribution (notable ~$5.8B sold near 82). If buyers absorb on the next dip, the 75–72 area is the key demand to watch; a loss there opens room to 70 and the weekly 68.
Targets:
Upside: 79 → 81–82 on a clean reclaim above the trendline.
Downside: 75–72 first, then 70; extension to weekly 68 if selling persists.
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Targets:
Upside: 79 → 81–82 on a clean reclaim above the trendline.
Downside: 75–72 first, then 70; extension to weekly 68 if selling persists.
#XLP #globaltrade #investment #investing #stockmarket #wealth #realestate #markets #economy #finance #money #forex #trading #price #business #currency #blockchain #crypto #cryptocurrency #airdrop #btc #ethereum #ico #altcoin #cryptonews #Bitcoin #ipo
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Institutional Flow & Volume Analysis
Institutional Flow & Volume Analysis
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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.
Trading with Market Makers PRO
Institutional Flow & Volume Analysis
Institutional Flow & Volume Analysis
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.