XLU, past trendline still have effects
First, i would like to apologize for this seemingly uninteresting but informative chart.
Since 2009 bottom, XLU has been engaged in current 35 degree accelerated uptrend channel
When i extend important past swing points, these lines still exert certain effects when it comes to support and resistances.
What particularly catch my eye is: 3 of the red lines converge to a purple region, hence i suspect that 44-45 would be the important support if retracement does happen.
The euphoric price that will compel me to short would be 52-57 if it is capable of reaching there FAST enough
Since 2009 bottom, XLU has been engaged in current 35 degree accelerated uptrend channel
When i extend important past swing points, these lines still exert certain effects when it comes to support and resistances.
What particularly catch my eye is: 3 of the red lines converge to a purple region, hence i suspect that 44-45 would be the important support if retracement does happen.
The euphoric price that will compel me to short would be 52-57 if it is capable of reaching there FAST enough
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.