If This Structure Fails, the Financials May Fall 30%: A Look at $XLF

This structure looks fairly straightforward to me.

Under normal conditions, it’s a giant pattern of continuation, and not something that normally accompanies a major low. It should be the central structure of a large 3-wave structure. A big “B-Wave” consolidation.

If this fails, there are excellent fibs where we are at now, and there appears to be an ending diagonal up here at these highs. If cycle (yellow) “c” is equal to cycle (yellow) “a,” then this should go to $25.41.

XLF


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