XLE and oil stocks have been consolidating since 2022 and has finished the 3-wave correction and is moving out of this long term base. Oil futures also has bottomed. Another confirmation is that all these instruments are holding above the moving averages.
Energy index is a confirmed buy on harmonics. SSTIS is a short-term buy with a longer-term sell and a fake bull. 2D MV chart is a short-term sell with a longer-term buy.
SSTIS is a confirmed sell with a fake bear setup. 2D MV chart is a short-term sell with a longer-term buy signal. 2D MV fakeour chart is a confirmed buy with a fake bear.
Energy index is a short-term sell with a longer-term buy on harmonics. SSTIS is a confirmed sell with a fake bear, 2D MV chart is a short-term sell with a longer-term buy. 2D MV fakeout chart signals a short-term buy with a longer-term buy signal confirmation and a fake bear.
Very confident in this idea. Liquidity was hit, nice pattern on the weekly, bought at support with confirmation. I would wish for nothing more on a setup other than what XLE has provided me with
If you look at my profile I have been steadily predicting XLE. This is another idea that I am posting publicly for you guys to profit from. It should be taken into consideration how the Markets will open on Monday. If they open normally without a crazy gap this trade should be executed, otherwise my idea is canceled. Anyway, I will update this idea on Monday for...
Energy index is a short-term sell with a longer-term buy signal on harmonics. SSTIS is a short-term sell with a longer-term buy signal and a clear fake bear. 2D MV chart is a short-term buy with no long-term confirmation yet and we can see an initial MVO bull surge signal there. SVT will add to its energy long bet up to 80% as position is still below V-MA but very...
Energy index is a confirmed buy on SSTIS. The bull surge signal is over. 2D MV chart signals a short-term buy with a longer-term sell. MVMF-H signals a pre-bullish reading first time since 3-JAN-2024. 2D MV fakeout chart signals a fake bull.
what does this mean though on which companies? will be reviewing later
I am very confident in this one. I am definitely taking this one
Looks like energy stocks that are coming back. Just in time when technology stocks are about to correct. I just opened positions on SLB and XOM, but there are others like CVX, EOG or XLE index that works the same way. These stocks are correlated with oil price that also appears to start turning around.
Time has come for the energy sector to recover. Gap, fib, break of trend, previous high...
XLE came down into, touched and wicked the weekly close of the week 12/04/2023 yesterday. I did not have an alert set so I missed the first opportunity. It wicked it on the daily chart. So this morning around 10 I saw it was near the lows of yesterday again. and the 2 weekly levels around 81 also held price in mid Dec 2023. I sold the 80 Put strike at 3 wide down...
Not all breakout lines are created equal! A chart trader must understand the implications of details such as its length and angle. Time frame needs to also be weighed in. A scientific process where proper odds can be established on the anticipated possible outcomes. #energy
XLE ETF has broken above both a major resistance level (horizontal and channel) as well as a major volume shelf. In addition it's come off a divergent low which has propelled it higher. I think energy names have some legs here..
Symbol XLE Open Date 11/6/2023 Bear Call or Bull Put Put Expiry Date 12/22/2023 Short Strike 80 Long Strike 78 Price to Open 0.30 Min Width Multiple 4 Risk Ratio 5.67 Return on Risk 17.6% Opening DTE 46 1 Day ROI% 0.38% Max Annual ROI % 140.0% Longer term is bullish on XLE. Has engaged -1 sig Buying Oct 5 which would have been the best time and place to sell...
Energy index is a short-term buy with a longer-term sell on harmonics. SSTIS is a confirmed sell with a fake bear setup but with a bear surge signal. 2D MV chart signals a confirmed buy. SVT is waiting for an SL+VMA above setup and will go 100% long to energy. Forecast was updated: the main characteristics remained as it was, but I gave a squiggle.