XLB Wedge Breakout Analysis
Live breakout scanner data · Updated every 10 minutes
B+
BULL
ETF · Materials
XLB is currently showing a bullish wedge compression on the 30-minute timeframe, graded B+ by the UnxEdge scanner. The current breakout level is $49.64, currently 0.12% away. This pattern has shown a 0.7x profit factor across 16 backtested trades.
Current Setup
Close$49.58 +0.81%
Breakout Level$49.64
Distance to Level0.12%
RVOL0.3×
Pressure65
PatternChannel
Trade Plan
Entry$49.69
Stop$49.57
TP1$49.82
TP2$49.95
TP3$50.08
Chart
Backtest Performance
Win Rate
38%
Profit Factor
0.68x
Avg R
-0.18R
Trades
16
Recent results
| Date | Side | Grade | Entry | Stop | Target | Exit | Result | R | Bars |
|---|---|---|---|---|---|---|---|---|---|
| Jul 28 | BULL | A | $51.68 | $51.51 | $51.86 | $51.86 | WIN | +1.06R | 2 |
| Jul 15 | BEAR | A | $50.38 | $50.54 | $50.22 | $50.22 | WIN | +1.00R | 2 |
| Jun 17 | BULL | A- | $53.16 | $52.98 | $53.34 | $52.98 | LOSS | -1.00R | 6 |
| Jun 5 | BEAR | A- | $51.11 | $51.30 | $50.93 | $51.30 | LOSS | -1.00R | 2 |
| Jun 4 | BULL | A- | $52.10 | $51.92 | $52.27 | $51.92 | LOSS | -1.00R | 2 |
| May 28 | BULL | A | $51.43 | $51.24 | $51.63 | $51.24 | LOSS | -1.00R | 8 |
| May 19 | BEAR | A- | $50.04 | $50.28 | $49.80 | $49.80 | WIN | +1.00R | 2 |
| May 15 | BEAR | A- | $51.52 | $51.71 | $51.33 | $51.33 | WIN | +1.00R | 2 |
| Apr 21 | BULL | A- | $52.43 | $52.24 | $52.61 | $52.24 | LOSS | -1.00R | 2 |
| Apr 13 | BULL | A- | $52.25 | $52.08 | $52.42 | $52.08 | LOSS | -1.00R | 2 |
Recent Setup History
| Date | Grade | Side | Breakout | Dist | Pressure | Resolution |
|---|---|---|---|---|---|---|
| 2026-10-12 | B+ | BULL | $49.64 | 0.00% | 65 | — |
| 2026-10-12 | B+ | BULL | $49.64 | 0.19% | 68 | — |
| 2026-10-12 | A- | BULL | $49.64 | 0.15% | 67 | — |
| 2026-10-12 | B+ | BULL | $49.64 | 0.22% | 68 | — |
| 2026-10-08 | B | BEAR | $48.70 | 0.84% | 63 | — |
| 2026-10-08 | B | BEAR | $48.70 | 0.76% | 63 | — |
| 2026-10-08 | B+ | BEAR | $48.70 | 0.49% | 67 | — |
| 2026-10-08 | B+ | BEAR | $48.70 | 0.31% | 67 | — |
| 2026-10-08 | A- | BEAR | $48.70 | 0.33% | 64 | — |
| 2026-10-08 | B+ | BEAR | $48.70 | 0.36% | 64 | — |
Bot Activity
No bot trades on XLB yet.
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