As impressive as the rise in the XME:arcx has been things rarely move in a straight line without setbacks of various degrees. Currently the tape of this ETF is quite fragile from a bulls' perspective as wave counts and time align in a suspicious manner and the time could be ripe for a larger pullback.
from Tools feed https://www.tradingfloor.com/posts/metals-may-be-heading-for-a-sharp-reversal-7555071?utm_medium=tf4-feed&utm_source=extract
Metals may be heading for a sharp reversal
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