$XLE - RC -
Added 2024-01-31 19:28:58 +0000 UTCEnergy Sector ETF - On the smaller scale we can see a very clear Cup and Handle formation and the price action is in the bulls handle now, a break above the 200 Day MA and this can get back into the larger wedge and break out to a higher high and move to our Wave 5 target......
Any breakdown from this formation and this is into an ABC correction as shown....I am leaning bullish here if the 200 Day MA is converted to support at $85
