XLF..Falling wedge.

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Pivot point support at trend line support (wedge pattern) held nicely.. now fib level in play and trend line resistance to deal with... Its all going on !!

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ملاحظة

Today XLF is attempting a breakout from the falling wedge pattern. Wait for a close on the Daily chart above the resistance line, if this is the case you may also want to wait for a pullback to test what will now be trend line support (this usually happens) and if that support holds and or at the 38.2% fib level then we can take a long position with a stop below those support levels mentioned.