Bank Sector Is Waking Up

Back in March we shared an article about Bank stocks and we warned about that markets go from pessimism (fear) to optimism (greed) and vice versa. 

When everyone was in fear due to bank collapses, we also shared a chart with ticker KBE, where we were tracking an A-B-C corrective decline within uptrend. 

(Click on image to enlarge)

kbeD

As you can see today, Bank Sector with ticker KBE is waking up and it's now trying to break channel resistance line, so more gains can be seen in upcoming weeks/months, just be aware of short-term pullbacks.


More By This Author:

NZDUSD Is Recovering In An Impulsive Fashion
GBPJPY Is Turning Sharply From Strong Resistance
Silver Is Consolidating Within A Larger Bullish Triangle

 For more analysis visit us at www.wavetraders.com and make sure to follow us on Twitter (https://twitter.com/GregaHorvatFX) 

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