Sök
Products
Community
Markets
News
Brokers
More
SV
Kom igång
Community
/
Idéer
/
US Banks & Financial Sectors are ready for another fabulous rise
B
NASDAQ Bank
Lång
US Banks & Financial Sectors are ready for another fabulous rise
By NaranjCapital
Följ
Följ
28 juli
0
Heja
Heja
28 juli
Nasdaq Banks
The bank index has been on a rollercoaster ride, witnessing numerous price fluctuations.
Following the breakout of the double bottom pattern, the index surged and formed a Rising Wedge pattern.
However, once the pattern broke downwards, the bank index experienced a significant decline.
Upon hitting a support level around 2,650, the index established a Double Bottom pattern, signaling a potential trend reversal.
Subsequent to the breakout above the neckline, the bank index began consolidating within a tight range.
Most recently, another breakout has occurred, setting the stage for a potential upward rally.
S&P 500 Financials
After the market crash in 2020, the index fell into an oversold zone and stayed in a period of consolidation within an Ascending Triangle formation.
Following this breakout, the financial index experienced a strong rally to the upside.
However, it struggled to break above the 700 level and began to decline.
Subsequently, the index went through a lengthy consolidation inside a Box formation.
After another breakthrough, the index surged once more and created a bullish Pole & Flag pattern.
With a recent breakout, the financial index is poised for another upswing.
Chart Patterns
indexanalysis
Technical Indicators
naranjcapital
nasdaq
nasdaq100
nasdaqbankindex
nyse
S&P 500 (SPX500)
Trend Analysis
usstockmarket
usstocks
NaranjCapital
Följ
Följ
🌐
naranjcapital.com
🎖️ CMT (usa) & CFTe (usa) chartered
🇺🇸 Telegram - USA Stocks Trading Advice
t.me/Naranj_USA
🇸🇦 Telegram - Saudi Stocks Trading Advice
t.me/Naranj_KSA
🤝 Contact Us
bio.link/NaranjCapital
Related publications
Watch out FDX, ZION and HLNE - Prices are ready to soar!
av NaranjCapital
Buy FTAI Aviation
av NaranjCapital
DHI, BX & CG - Charts Suggest a Possible Upward Movement
av NaranjCapital
Buy First Bank
av NaranjCapital
Nasdaq & RTX Charts Suggest Promising Growth Ahead
av NaranjCapital
Frånsägelse av ansvar
Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i
Användarvillkoren
.