KRE US Regional Banks about to resume downtrend
OWN OPINIONS, NOT FINANCIAL ADVICE
KRE just finished a text book wave 4 with an a-b-c pattern. Should panic appear with another bank default, sales would accelerate.
Next stops on wave 5: 34$, 30$ and 26$
KRE just finished a text book wave 4 with an a-b-c pattern. Should panic appear with another bank default, sales would accelerate.
Next stops on wave 5: 34$, 30$ and 26$
Note
KRE reversed upon touching the long term trend line (Jan 2022), and now testing the 200 day SMA and the 50 week MA. Next, the 0-b trend line should retain the price.
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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.
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.