Following the typical reaction off the initial tag of T3, XLE (energy sector ETF) offers an objective re-entry, add-on, or new short entry on this backtest of the secondary uptrend line (resistance). Also, note that the previously ‘potential’ T4 & T5 price targets from when XLE was first highlighted as a short trade earlier in the year are now official with a 6th & final target zone added around 59.50-57. Previous (Feb 10th) and updated daily charts below.
XLE daily Feb 10th
XLE daily April 4th