The ETF is trading in a range near the Resistance Zone. The ETF is consolidating between 130-125, we need to wait for the ETF to break beyond this level, if the ETF is able to break on either side, according to that we will suggest taking a position.

If the breakout is on the upside the ETF has to close above 130, wait for one candle to close above this level, if it is able to close above the mentioned level start buying.

If the RSI is trading above 73 ignore the breakout.

If the breakout is on the downside the ETF has to close below 125 levels, wait for one candle to close below the level, if it is able to close below the mentioned level start selling.

DVY

Apr 18 2022