ERX / XLE - Waiting for Godot
I know it looks like never want to break to the upside.... But at the end of a day it will.
I see a head & shoulders pattern under construction. I have corrected the trendline : on the 18th of May we had a trendline back test.
Our key level is: 68.88$ . Once we slice through that level we will be sitting on one of the biggest bull train of this year.
Patience. Our day is coming.
I see a head & shoulders pattern under construction. I have corrected the trendline : on the 18th of May we had a trendline back test.
Our key level is: 68.88$ . Once we slice through that level we will be sitting on one of the biggest bull train of this year.
Patience. Our day is coming.
Comment:
I'm going to update XLE/ERX today.
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Swing. Woohooo!
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Weekly chart key reversal on huge volume in XLE.
Even if we are heading lower a few days of bounce is coming.