Energy stocks & commodities basing for coming reversal?

21 Tem 2022

Using XLE to represent the sector, it appears to be forming a "W" pattern, which could morph into an IH&S reversal pattern, but it still needs a little more time. Green zone is general support, and probable good intermediate term buying opportunity, maybe lasting into the end of the year. Pink boxes are gaps I would expect to be filled before reversal manifests.