XLU is ranging around $46-$47 right now and developing a shampoo pattern (head & shoulders) on the 1 Year chart. I sold a straddle and I'll get out as soon as I can.
Each support and resistance has a roughly twin shoulder going back to Feb.
Temporarily neutral to allow the formation to develop.
Each support and resistance has a roughly twin shoulder going back to Feb.
Temporarily neutral to allow the formation to develop.
Trade closed manually
Closed early. Don't like today's breakthrough.
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.