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$VLO - it's time for a retracement and form a new HL
Valero Energy Corporation
$VLO - it's time for a retracement and form a new HL
By harrisonfromnyc
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Mar 26
0
Mar 26
VLO
The daily candles of the past 4 days show weakness and rejection.
XLE
- at a major supply zone too.
I'd expect a retracement of either:
▹ 0.382 Fib at 159 ➳ new HL.
or
▹ 0.618 Fib at 151.
Daily chart:
Fibonacci
Supply and Demand
Support and Resistance
harrisonfromnyc
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