AMEX:XLE   SPDR SELECT SECTOR FUND - ENERGY SELECT SECTOR
31 0 1
Following up with my post 22 days ago, when i made a bold anticipation of wave 5 (although i do not understand Elliot wave analysis). Seems like OPEC is driving the wave 5 i am talking about?

Now, i am going to make another bold estimation. Where does the wave 5 stops or reverse? I really do not know
But by using a little reference from RSI , i first suspect a bullish divergence at hand.
I reckon price will continue to fluctuate and drop until RSI found a support at purple region.
Another condition is needed, there must be a reversal signal such as hammer or DOJI for the reversal to play out more confidently.

Fib level shows ~ 77.18 if not 74.33 for next support

United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out