Could be completing a Wave 2 correction formation. Appears to be a Reverse Head and Shoulders with a neckline just above 120. If, in fact, we are beginning a 3rd Wave, a 1.618 of Wave 1 move would put XOM at 240.
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.
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.