Energy Transfer Equity (ET); Utilities Recovering From COVIDNOTE:
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SUMMARY:
We are waiting on a confirmed long signal on Energy Transfer Equity (ET). Looks like ET is a solid play as utilities recover from COVID.
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Silver Scalper
Trend Confirmation = Range MA
Entry Signal = Bull/Bear Power
Exit Signal = Bull/Bear Power OR Range MA
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DESCRIPTION:
1. Range MA is showing an uptrend (Green bar color) on ET on the 1hr minute chart.
2. Price action is bullish via the rising wedge.
3. We are waiting for consolidation or a pullback where we hope to see a Bull signal from Bull/Bear Power to confirm a long entry.
4. Looking at the R1 gap and at R2 for potential resistance if price moves up.
5. Looking at the S1 range for support if we go lower.
