The S+P Technology ETF XLK experienced a "Bearish Throw Over" Break to the Downside
on 6/25,pattern noted often by Trading View trader Geoff,
occurring when price breaks above resistance, trading above it for multiple days,
only to break back below it, dropping price back into the previous pattern,
and with it, a potential " Bull Trap " now exists on the XLK chart.
NYSE FANG Index has a similar pattern building , as big technology shares reversed from their recent break to the upside.
THE_UNWIND
on 6/25,pattern noted often by Trading View trader Geoff,
occurring when price breaks above resistance, trading above it for multiple days,
only to break back below it, dropping price back into the previous pattern,
and with it, a potential " Bull Trap " now exists on the XLK chart.
NYSE FANG Index has a similar pattern building , as big technology shares reversed from their recent break to the upside.
THE_UNWIND
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.
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.