Triangle Pattern in focus
XLE price is trading inside a Triangle pattern - between the 200 days MA line and the trend line marked in the chart.
A close below 60$ will probably drive XLE lower, towards 56$
A close above the 200 days MA line can lead to a rally that will take XLE all the way up to complete two bearish harmonic patterns (near 65-66$)
A close below 60$ will probably drive XLE lower, towards 56$
A close above the 200 days MA line can lead to a rally that will take XLE all the way up to complete two bearish harmonic patterns (near 65-66$)