For info on Ascending Triangle, check out my previous AMZN chart.
XLE consolidated 2 weeks prior to form an Ascending Triangle on the 4hr chart.
The 2 week period at the end of July XLE gained 20% .
This sets up a Great risk/reward around a sector with NG on the move.
Don’t count out the oil bull either.
While markets were bearish overall, XLE was on a 60% top before June.
Falling Energy gave way to lower inflation prints in June and July.
I can see XLE going to June high of 93 to form a cup and handle.
More on that in my next XLE idea.
XLE consolidated 2 weeks prior to form an Ascending Triangle on the 4hr chart.
The 2 week period at the end of July XLE gained 20% .
This sets up a Great risk/reward around a sector with NG on the move.
Don’t count out the oil bull either.
While markets were bearish overall, XLE was on a 60% top before June.
Falling Energy gave way to lower inflation prints in June and July.
I can see XLE going to June high of 93 to form a cup and handle.
More on that in my next XLE idea.
노트
links for options calculator with straddle are on my twitter account SPYvsGME
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.