The OIL Ascending Triangle Idea Reflected on Energy Shares XLE

Long

SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)

Updated

AMEX:XLE SPDR Select Sector Fund - Energy Select Sector

XLE clearly shows an Ascending Triangle pattern here, while the same pattern on OIL is a little messy to identify.

Comment:

Here is the chart on OIL, which leads XLE by about 1 day.

The OIL Ascending Triangle Idea as It's Progressing #5

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