Visually appealing...inflationary blow off?
Note
Looks ludicrous but given current fundamental perception but actually would represent also 38.2% retracement of the relative decline vs SPX since 2008Note
Solid showing in XLE, basing processNote
This could also form IHS. It does appear though that one needs some external shock to put some scarcity value on US energy in order to realise this optimistic scenario. Otherwise, 80/87 range
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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.