XLF is on its end of the pattern, it's decision time!

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XLF daily - there is more and more chance that financials will drop hard and fast. It just can't break out of the neckline and continue it's moving up. It pops twice in the last 3 sessions above the trend line but those trend lines are very strong resistance areas.
XLF is close to decision time, meaning will bulls win and this will trigger an inverted Head and shoulder reversal pattern which will confirm we had a bottom or this will be broken down from a rising wedge, a very bearish pattern. It is close to the end of the pattern and there is no more place for decisions. Therefore break will be imminent on one side or the other.
Inverted SHS will mean the possibility for testing ATH while rising wedge testing of lows.
I would stay aside until we get perfect confirmation.

Both RSI and MACD are pointing for a big drop due to their negative bearish divergences.

Prepare popcorn because there will be fireworks soon!

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