I was covering $XLE throughout the last month and mentioned the pattern completion near 60$ that the price was aiming for.
Now, $XLE is struggling with the Fast line that stands in its way and keeping it from reaching 58$ and 60$.
My focus now shifts to 59.5$ and 60$ as potential sell zones for a pullback move.
I'm still Oil , but 60$ can lead to a 5-10% correction in the Energy sector with the two harmonics combination.
Tomer, The MarketZone
Follow me on TradingView
Subscribe to my newsletters - http://goo.gl/R3gPVE
Follow my blog - http://goo.gl/78KZsl
Subscribe to my Youtube channel - https://goo.gl/q8dbyT