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 !
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Nice bounce off the support : +17%