Get started
Chartimistic

XLE - Just a boost of energy

Long
SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)  
Chartimistic  
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
Double Top or Bottom Support and Resistance Fibonacci XLE Fibonacci Extension Double Bottom Bullish Patterns
1
0
doubletoporbottom supportandresistance fibonacci xle fibonacciextension doublebottom bullish
There is a double bottom pattern dating back to late August. Energy has been the laggard YTD & is the only sector in the red over the last year. This may be the beginning of the sector finding some strength.

If you take the Fibonacci 161.8% extension that gets you to a target of $68.79. The actual pattern breakout price target would be $71.60.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.