XLE could see a pullback through Sept-Oct but looks like limited upside before further drop. key resistance looks to be in 40-42.50 area. Resistance at this level and further downside later in year.
The 100 tick renko looks like price does have upside potential in short term.
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.