XLE - Elliottwave analysis - ABC correction - dump and pump

XLE - It is within complex correction WXY and Y up seems in progress. The up move from last bottom was impulse cycle as wave A and correcting down in wave B. It can be sell set up with invalidation level above 36.90 with relatively small size. for abc of B wave down. Once B wave is over, it is good buy point for next up cycle as C wave.

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