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XLF Descending Broadening Wedge Pattern

I had an inquiry on XLF (Financial Sector ETF) from member @dpandita. After essentially hitting the measured target for the 2015-2016 Inverse Head & Shoulders pattern, XLF has been forming a Descending Broadening Wedge Pattern. An upside breakdown of the pattern & break above the recent highs would be bullish while a downside break of [...]

Feb 3, 2017 4:07pm|Categories: Equity Market Analysis|Tags: , , , , , |Comments Off on XLF Descending Broadening Wedge Pattern

CLVS Swing Trade Setup & Entry

CLVS (Clovis Oncology) gapped below this 60-minute bearish rising wedge today & is currently backtesting it from below, thereby offering an objective short entry with a stop on a 60-minute close above 68.50. Zooming out to the daily time frame, CLVS has run into significant resistance while oversold & with negative divergences in place. [...]

Feb 3, 2017 10:17am|Categories: Completed Trades - Short|Tags: |2 Comments