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XT2DXtrackers S&P 500 2x Inverse Daily Swap UCITS ETF 1C

LondonWeekly chart
Range low retest · week of 31 Dec 2023

XT2D slipped below its $0.4229 – $0.6254 range and came back to test the low in the week of 31 Dec 2023.

Range low
$0.4229
support
Range high
$0.6254
48% above the low
In the range since
Aug 2022
1 yr 11 mo
Close in retest week
$0.3637
14% below the range low
  • 2 sideways ranges found since 2020.
What is a range retest, and how do I read the chart?

A stock moves sideways between a floor (the range low) and a ceiling (the range high) for a long time. Then it drops below the floor, fails to climb back in, and returns to test that low again. Traders also call this a spring. Some springs mark the end of a decline; many don't.

On the chart, each candle is one week. The purple lines are the range the signal came from, and the green Retest label marks the week RangeStocks flagged. Tick “Show past sideways ranges” to see earlier ranges.

Weekly chart

Gold dashed bands mark earlier sideways ranges, from their first swing to where they broke. Pick a range in the table below to zoom the chart to it.

Sideways range history

RangeStartedEndedOutcomeRetests (week of)
14 Aug 202214 Jul 2024 · 1 yr 11 moBroke below the range at $0.265631 Dec 2023
8 Mar 20206 Feb 2022 · 1 yr 11 moBroke below the range at $0.4099—

Retest signals

  • Week of 31 Dec 2023 · 1 yr 5 mo into the range

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Past patterns don't predict future price moves. This page shows what an automated algorithm detected and is not financial advice. Read the disclaimer.

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