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
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out