Energy sector has been very strong for some time.
We have a decent pullback now across the sector.
Halliburton is at a major support that might hold.
$ 35.84 - 36.22 is the current support to hold.
If this does NOT hold then uptrend is likely over.
If it DOES hold, we should proceed to new highs.
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We have a decent pullback now across the sector.
Halliburton is at a major support that might hold.
$ 35.84 - 36.22 is the current support to hold.
If this does NOT hold then uptrend is likely over.
If it DOES hold, we should proceed to new highs.
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Note
Slow bounce developing EXACTLY from our mapped support It is too early for bulls to celebrate,
but an exact bounce is a good start,
and a slow reversal pattern is great.
Lets see what next week brings,
hopefully some acceleration upwards.
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.