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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 683.21+0.2%4:00 PM EST

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D.Austin
Goldilocks
GROUND ZERO™
Katelew
Sdgla
To: GROUND ZERO™ who wrote (188651)7/29/2023 12:51:32 PM
From: #Breeze5 Recommendations  Read Replies (1) of 221122
 
XOP Chart. 3 key technical patterns that support the wave count on this chart:

1. Smaller H&S reversal projected a price of 165. That was hit
2. A triangle formation in the works. A breakout projects a target of 209.
3. A breakout from the larger H&S projects a target of 320

And Wave (iii) projects a target of 335.

tradingview.com

I don't rely on EW exclusively. Other technical tools are a must. And I always provide a detail labeling of a wave count.
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