The banks showed significant relative weakness against the market since 2018. While, with regard to the rate hike cycle, put some banks in the portfolio is still one of the major investing ideas.
Therefore, this daily bullish butterfly pattern and the daily hammer combination may be a short-term set-up to long C! Without abundant EMA correction rooms, I won't prefer trading the hammer with the breakout strategy; on the other hand, the 50% or 0.618 pullback buy and put the out below 62.80 would be the trade for me!
Let's see how it goes!
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Nice run! got the 1st kick yo!
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gotta take some profit before the 73.30 pivot! Nice continuation recently!