Saturday, February 24, 2024
HomeETF NewsConsumer Staples Diamond

Consumer Staples Diamond

I stumbled upon an extremely well-formed diamond pattern last night with the symbol XLP, which is the consumer staples ETF. I’ve drawn it below with the SlopeCharts polygon tool:

The Diamond

The measured move on this is approximately $41, about 20% below current price levels. Not too bad! I’ve drawn a green horizontal to show the target.

Read more at :


Most Popular

Recent Comments