If one is looking for an opportunity to get in on the larger down trend in the Energy ETF XLE:arcx now could be the time. Waves and time align with price as we hit resistance from a down-trend channel as well as the 200-day moving average.
from Tools feed https://www.tradingfloor.com/posts/attractive-risk-reward-for-swing-shorts-in-energy-etf-7327322?utm_medium=tf4-feed&utm_source=extract
Attractive risk/reward for swing shorts in energy ETF
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