HamedAghajani
Short

Potential Short sell on Energy Select Sector

AMEX:XLE   ENERGY SELECT SECTOR SPDR FUND
123 0 0
Confluence of CD=1.618 AB, 2.24 BC             extension and 1.618 leg of the Deep Crab pattern all converge in a tight area between 95.62 and 101.40.
In addition to this they converge to the logical number 100.00. Hence a pull back, not a reversal, sounds like a tempting trading idea.

Stop Loss order: 103.00
Entry: 97.45
Target Profit : 75.00
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