SCI-SCV, SCA-SCC: Super Cycle
C1-C5, CA-CC :Cycle
P1-P5, PA-PC : Primary
[1]-[5], [A]-[C] : Major
1-5, A-C : Minor
(1)-(5), (a)-(c) : Minute
i-v, a-b : Minuette
Primary Count:
White/Green (Bull Market)
White/Red (Bear Market)
Alternate Count: Blue
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Posted by pugsma on December 9, 2022
5:00 pm EST: XLE (energy ETF) is approaching a confluence of targets across the 60-min, daily and weekly time frames. The 60-mini chart H&S target is 80.47, the daily chart 200-day is at 79.86 and the 34-week EMA is at 80.35. Thus, XLE should see a reactionary bounce near 80.
XLE 60-min chart:
XLE daily chart:
XLE weekly chart:
This entry was posted on December 9, 2022 at 5:02 pm and is filed under XLE. Tagged: XLE Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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