Energy holding on cloud support
Looking for a bounce back up to 50 levels, XLE is a good all around ETF as well.
Trading on cloud support last few days, I am in only for a relief rally then out.
Coincides with a 50% retracement not shown bc messy charts don't make you look cool guys.
Trading on cloud support last few days, I am in only for a relief rally then out.
Coincides with a 50% retracement not shown bc messy charts don't make you look cool guys.
Note
Still waiting for confirmation before entry, we may see a touch at 40 range but complete collapse seems unlikely.Trade active
Position entered on XLE @ 34.82Trade closed: stop reached
Cloud break rejection off support
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.