EXXON MOBIL This sell signal will take it to $105.00 minimum.
Exxon Mobil (XOM) has been on a tremendous since the January 18 bottom and even more so since the start of this month (March). We are about to form a Golden Cross on the 1D time-frame and last time this pattern emerged (September 20 2023), the market top was formed a week after.
In fact all Tops since November 2022 where formed on a Higher High sequence, confirmed by a 1D MACD Bearish Cross. As a result, we are waiting for the ideal sell opportunity on Exxon's next High and we will enter it after the MACD forms a Bearish Cross. All previous 3 corrective waves have hit at least the 0.618 Fibonacci retracement level. That gives us a medium-term Target of $105.00.
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In fact all Tops since November 2022 where formed on a Higher High sequence, confirmed by a 1D MACD Bearish Cross. As a result, we are waiting for the ideal sell opportunity on Exxon's next High and we will enter it after the MACD forms a Bearish Cross. All previous 3 corrective waves have hit at least the 0.618 Fibonacci retracement level. That gives us a medium-term Target of $105.00.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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