themarketzone
Short

Approaching daily sell zone

AMEX:XLE   ENERGY SELECT SECTOR SPDR FUND
90 0 3
63-64$ is a potential sell zone that includes Fibonacci level (61.8), minor structure and the 200 days MA.
Previous candle closed a bearish engulfing or as Outside Bar pattern.
A close below 62$ will probably trigger selling towards 60$ and 58$ (final target zone)

Tomer, The MarketZone
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