XLE is showing early signs of a significant reversal following a 27.5% gain since April 25th this year.
1. Bearish rising wedge pattern forming on the Daily timeframe
2. Descending volume across pattern vs rising price
3. Five unfilled gaps to the downside
Short from $87
1. Bearish rising wedge pattern forming on the Daily timeframe
2. Descending volume across pattern vs rising price
3. Five unfilled gaps to the downside
Short from $87
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.