This 60m chart of XLE shows the energy ETF threatening to break through trendline support after completing a 5 wave impulsive move higher. Initiating a short position at 76.50 for a move lower, with an immediate target at 73. A move above 80 invalidates the setup.
Trade closed manually
Missed profit target on initial push lower. Getting out of this trade for small profit as XLE drifts sideways.
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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.