TradingView
RizeSenpai
Feb 1, 2024 4:16 PM

XRT: Bullish Inverted Head and Shoulders Could Target an 0.886 Long

SPDR S&P Retail ETFArca

Description

XRT on the hourly has started to form what could be a Bullish head and Shoulders, if it plays out it could result in the XRT making a 0.886 Fibonacci Retrace likely starting before the end of the week. Additionally, the RSI has a Bullish Shark formation which could serve as further confirmation of the low.

Trade closed: target reached

Trade closed: target reached

More