Long
$XEL strong bounce, next target on chart
XEL bounced perfectly in my targetbox and completed the ABC correction of the 1-5 pattern.
It bounced strong and is currently looking good to break the yellow trendline which confirms further upmove towards the next targetbox.
It bounced strong and is currently looking good to break the yellow trendline which confirms further upmove towards the next targetbox.
Note
Looking at this pattern right now, wait for breakout. Note
Looking at the first set up, we're in a very long slow decline which is corrective. Could pick up the uptrend any time
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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.