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white6intelligence

XLK: potentially failed bearish Gartley Pattern

SPDR Select Sector Fund - Technology (AMEX:XLK)  
white6intelligence Updated   
AMEX:XLK   SPDR Select Sector Fund - Technology
Harmonic Patterns
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harmonicpatterns
XLK reversed from the PRZ of the bearish Gartley Pattern after clearing all three targets. However, it quickly moved back into PRZ and stayed there.

If the Terminal Price Bar (labelled as D) will be violated, the price will go higher with the predominant trend.
Watch out for 70.42.
Comment:
T-bar extreme has been breached and XLK closed above it.
The stance is bullish as the reversal of bearish Gartley Pattern has failed.

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