XLE - would be interested in EW thoughts from those more skilled
at it than I am. I use mostly for big picture stuff.
Energy stocks in general have been consolidating after a
strong run dating back to last fall. XLE seems to be in a
Wave 4 consolidation (a-b-c perhaps). There's a gap on the
daily from Feb. Would love to see wave c of 4 close that gap,
then I'd be in heavy for a wave 5. Any thoughts, alternative
views? TIA.
That count is invalid with black 3 being the smallest - rule
breaker. However, the pink larger version could still be
valid with some adjustments. My advice is to trade what's in
front of you first and foremost.
XLE - would be interested
Posted by rjdst on 26th of May 2021 at 10:39 am
XLE - would be interested in EW thoughts from those more skilled at it than I am. I use mostly for big picture stuff. Energy stocks in general have been consolidating after a strong run dating back to last fall. XLE seems to be in a Wave 4 consolidation (a-b-c perhaps). There's a gap on the daily from Feb. Would love to see wave c of 4 close that gap, then I'd be in heavy for a wave 5. Any thoughts, alternative views? TIA.
That count is invalid with
Posted by steve on 26th of May 2021 at 10:58 am
That count is invalid with black 3 being the smallest - rule breaker. However, the pink larger version could still be valid with some adjustments. My advice is to trade what's in front of you first and foremost.
Thanks, Steve.
Posted by rjdst on 26th of May 2021 at 11:23 am
Thanks, Steve.
Anytime and we appreciate the
Posted by steve on 26th of May 2021 at 11:25 am
Anytime and we appreciate the posts