Financial recover soon?
XLF which is an index of Financial Sector is currently retesting the top of 2007 (before Subprimes crisis) and the top of 2019 (before the Covid19 crisis).
Remember, a resistance often flip into a support when broken.
This may a very nice opportunity with a correct Risk/Reward ratio to play a bounce here.
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Remember, a resistance often flip into a support when broken.
This may a very nice opportunity with a correct Risk/Reward ratio to play a bounce here.
Thanks for following us !
Note
Nice bounce off the support : +17%
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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.