Descending Channel on the ETF: XLU

By Manuelsilvat
Already formed the descending channel with more than 8 points. The price is touching now the top line. The price should go down in the next hours and we will open a short position near to 47.74 with stop loss close to 49.56 and take profit over the 42.14; Chart: 1H
Descending Channeldownward-channelParallel ChannelSupport and ResistanceTrend Lines

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