It seems like the Energy sector ETF 
XLE is making an ascending bearish wedge.
It's showing lots of resistance around the $82.9 area and hasn't be able to close above it for the past ~2weeks.
I wouldn't be surprised if it has a fake breakout to the upside before eventually falling back inside the wedge.
Keep an eye out for a break to the down side as the measured objective would be around the $64.7 area.
I'm neutral for the time being but keeping a close eye on this for a bearish reversal.
XLE is making an ascending bearish wedge.It's showing lots of resistance around the $82.9 area and hasn't be able to close above it for the past ~2weeks.
I wouldn't be surprised if it has a fake breakout to the upside before eventually falling back inside the wedge.
Keep an eye out for a break to the down side as the measured objective would be around the $64.7 area.
I'm neutral for the time being but keeping a close eye on this for a bearish reversal.
Not
We're back inside the wedge after the false breakout to the upside.Keep an eye out for a break lower.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.