the 60 min chart has a wedge look to it for XLU, but also looks
like it may need a couple oscillations inside the wedge before it's
complete. Also realize the 200 day MA isn't very far on the daily
time frame so that could be a magnet as well over time
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the 60 min chart has
XLU looks to close red again
Posted by matt on 27th of Sep 2021 at 02:13 pm
the 60 min chart has a wedge look to it for XLU, but also looks like it may need a couple oscillations inside the wedge before it's complete. Also realize the 200 day MA isn't very far on the daily time frame so that could be a magnet as well over time