KRE ETF trader tip: Technical Traders goes over KRE ETF, an ETF that allows traders and investors to learn more about the stock market movements of regional banks. Chris details how history is repeating itself by the KRE ETF recently emulating the consolidation pattern from April to November of 2020. Now that the highs of May 2021 have been broken, Chris looks at the weekly chart.
After a brief pullback, a KRE ETF bull flag has formed that is pointing to higher prices. This type of pattern can indicate that when price breaks to the upside, it can happen pretty quickly – over the course of 3 to 4 trading sessions.
Using the 30-minute chart and a conservative Fibanoci extension, Chris highlights where the power of the rally and pause of the KRE ETF can lead. The 100% measured move shows a 5+% move to the upside.
TO LEARN MORE ABOUT kre ETF – WATCH THE VIDEO
Subscribers: Please let us know what you would like to learn and we will add it to the roster of our weekly Technical Trader Tips!
Non-subscribers: Please enjoy these micro-lessons as a way to further your education and understanding of how a technical trader…well…trades!
TO EXPLORE THE DIFFERENT TRADING STRATEGIES CHRIS OFFERS, PLEASE VISIT US AT THE TECHNICAL TRADERS. YOU’VE GOT MORE TO GAIN THAN TO LOSE WHEN SEEKING INFORMATION!
Disclaimer: None of this material is meant to be construed as investment advice. It is for education and entertainment purposes only. The video is accurate as of the posting date but may not be accurate in the future.