SPDR Energy Select Sector ( $XLE) Found Buyers at the Blue Box Area as Expected-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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SPDR Energy Select Sector ( $XLE) Found Buyers at the Blue Box Area as Expected

Elliottwave_Forecast
05-07

Hello everyone. In today’s article, we will look at the past performance of the 4H Hour Elliott Wave chart of SPDR Energy Select Sector ($XLE). The rally from 1.18.2024 low at $78.98 unfolded as 5 waves impulse. We expected the pullback to unfold in 3 swings and find buyers again. We will explain the structure & forecast below:

5 Wave Impulse Structure + ABC correction

$XLE

$XLE 4H Elliott Wave Chart 5.02.2024:

$XLE

Here is the 4H Elliott Wave count from 5.02.2024. We expected the pullback to find buyers after a 3 swings Zig-Zag correction (ABC) at the blue box area at 91.40 – 87.99.

$XLE 4H Elliott Wave Chart 5.06.2024:

Here is the latest 4H update from 5.06.2024 showing the bounce taking place as expected. The ETF has reacted higher from the blue box area allowing longs to get risk free. The ETF is expected to remain supported with a target area towards $101 – 104 before another pullback can happen.

$XLE Elliott Wave Video Analysis

Elliott Wave Forecast

We cover 78 instruments, but not every chart is a trading recommendation. We present Official Trading Recommendations in the Live Trading Room. If not a member yet, Sign Up for Free 14 days Trial now and get access to new trading opportunities.

Source: https://elliottwave-forecast.com/video-blog/spdr-energy-select-sector-xle-found-buyers-blue-box-area-expected/

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In today’s article, we will look at the past performance of the 4H Hour Elliott Wave chart of SPDR Energy Select Sector ($XLE). The rally from 1.18.2024 low at $78.98 unfolded as 5 waves impulse. We expected the pullback to unfold in 3 swings and find buyers again. We will explain the structure &amp; forecast below:</p>\n<h2>5 Wave Impulse Structure + ABC correction</h2>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2550ba93f932bfc98ca8ca8ed35131c7\" tg-width=\"1050\" tg-height=\"975\"><span>$XLE</span></p>\n<h2>$XLE 4H Elliott Wave Chart 5.02.2024:</h2>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/611a492fe1c4f0aec1f6166d29a7f67d\" tg-width=\"1912\" tg-height=\"981\"><span>$XLE</span></p>\n<p>Here is the 4H Elliott Wave count from 5.02.2024. 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The ETF is expected to remain supported with a target area towards $101 – 104 before another pullback can happen.</p>\n<h2>$XLE Elliott Wave Video Analysis</h2>\n<video poster=\"https://community-static.tradeup.com/news/21a3b31c2ac949b7d523023253cdbf50\" tg-width=\"1920\" tg-height=\"1080\" class=\"ql-video\" controls=\"true\" controlslist=\"nodownload\" playsinline=\"true\" webkit-playsinline=\"true\">\n <source src=\"https://1254107296.vod2.myqcloud.com/b741d586vodhk1254107296/86b14f181397757888229816350/9Vao1XVhL2sA.mp4\">\n</video>\n<h2>Elliott Wave Forecast</h2>\n<p>We cover 78 instruments, but not every chart is a trading recommendation. We present Official Trading Recommendations in the Live Trading Room. If not a member yet,&nbsp;&nbsp;<strong>Sign Up for Free 14 days Trial now&nbsp;</strong>and get access to new trading opportunities.</p>\n<p>Source: https://elliottwave-forecast.com/video-blog/spdr-energy-select-sector-xle-found-buyers-blue-box-area-expected/</p></body></html>","htmlText":"<html><head></head><body><p>Hello everyone. In today’s article, we will look at the past performance of the 4H Hour Elliott Wave chart of SPDR Energy Select Sector ($XLE). The rally from 1.18.2024 low at $78.98 unfolded as 5 waves impulse. We expected the pullback to unfold in 3 swings and find buyers again. We will explain the structure &amp; forecast below:</p>\n<h2>5 Wave Impulse Structure + ABC correction</h2>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2550ba93f932bfc98ca8ca8ed35131c7\" tg-width=\"1050\" tg-height=\"975\"><span>$XLE</span></p>\n<h2>$XLE 4H Elliott Wave Chart 5.02.2024:</h2>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/611a492fe1c4f0aec1f6166d29a7f67d\" tg-width=\"1912\" tg-height=\"981\"><span>$XLE</span></p>\n<p>Here is the 4H Elliott Wave count from 5.02.2024. We expected the pullback to find buyers after a 3 swings Zig-Zag correction (ABC) at the blue box area at 91.40 – 87.99.</p>\n<h2>$XLE 4H Elliott Wave Chart 5.06.2024:</h2>\n<p>Here is the latest 4H update from 5.06.2024 showing the bounce taking place as expected. The ETF has reacted higher from the blue box area allowing longs to get risk free. The ETF is expected to remain supported with a target area towards $101 – 104 before another pullback can happen.</p>\n<h2>$XLE Elliott Wave Video Analysis</h2>\n<video poster=\"https://community-static.tradeup.com/news/21a3b31c2ac949b7d523023253cdbf50\" tg-width=\"1920\" tg-height=\"1080\" class=\"ql-video\" controls=\"true\" controlslist=\"nodownload\" playsinline=\"true\" webkit-playsinline=\"true\">\n <source src=\"https://1254107296.vod2.myqcloud.com/b741d586vodhk1254107296/86b14f181397757888229816350/9Vao1XVhL2sA.mp4\">\n</video>\n<h2>Elliott Wave Forecast</h2>\n<p>We cover 78 instruments, but not every chart is a trading recommendation. We present Official Trading Recommendations in the Live Trading Room. If not a member yet,&nbsp;&nbsp;<strong>Sign Up for Free 14 days Trial now&nbsp;</strong>and get access to new trading opportunities.</p>\n<p>Source: https://elliottwave-forecast.com/video-blog/spdr-energy-select-sector-xle-found-buyers-blue-box-area-expected/</p></body></html>","text":"Hello everyone. In today’s article, we will look at the past performance of the 4H Hour Elliott Wave chart of SPDR Energy Select Sector ($XLE). The rally from 1.18.2024 low at $78.98 unfolded as 5 waves impulse. We expected the pullback to unfold in 3 swings and find buyers again. We will explain the structure & forecast below: 5 Wave Impulse Structure + ABC correction $XLE $XLE 4H Elliott Wave Chart 5.02.2024: $XLE Here is the 4H Elliott Wave count from 5.02.2024. We expected the pullback to find buyers after a 3 swings Zig-Zag correction (ABC) at the blue box area at 91.40 – 87.99. $XLE 4H Elliott Wave Chart 5.06.2024: Here is the latest 4H update from 5.06.2024 showing the bounce taking place as expected. The ETF has reacted higher from the blue box area allowing longs to get risk free. The ETF is expected to remain supported with a target area towards $101 – 104 before another pullback can happen. $XLE Elliott Wave Video Analysis Elliott Wave Forecast We cover 78 instruments, but not every chart is a trading recommendation. We present Official Trading Recommendations in the Live Trading Room. If not a member yet, Sign Up for Free 14 days Trial now and get access to new trading opportunities. 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