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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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.