I am bullish on energy. Cut the noise and look at price!!!
Hey guys
Let's take a look at XLE. It is an energy etf. I look at all major sectors on weekend just to see the bigger picture. Weekdays i only focus on my pairs.
Monthly: Kijun holding as support and macd may reverse next month. So, far we only have a reversal candle.If chikou can get above price, that can bring more acceleration. It is neutal picture as of now with bullish bias.
Weekly: Price is above Tenkan and Kijun. Those two lines will be potential support zone going forward. Macd is crossed up.
Daily: Bullish. Currently it is consolidating with macd crossed down. Chikou is above price .
I like buying dips on it. Alternatively, you can look at oil and natural gas. Natty is also a beautiful chart . I will post in a bit. Thought to share.
Thanks for the read.
Let's take a look at XLE. It is an energy etf. I look at all major sectors on weekend just to see the bigger picture. Weekdays i only focus on my pairs.
Monthly: Kijun holding as support and macd may reverse next month. So, far we only have a reversal candle.If chikou can get above price, that can bring more acceleration. It is neutal picture as of now with bullish bias.
Weekly: Price is above Tenkan and Kijun. Those two lines will be potential support zone going forward. Macd is crossed up.
Daily: Bullish. Currently it is consolidating with macd crossed down. Chikou is above price .
I like buying dips on it. Alternatively, you can look at oil and natural gas. Natty is also a beautiful chart . I will post in a bit. Thought to share.
Thanks for the read.