XLE (Energy Sector ETF) will be added as an Active Long Swing Trade here in anticipation of a break above this bullish falling wedge pattern. The price targets are T1 at 68.12 & T2 at 69.92 with a suggested stop on any move below 64.20. Due to the elevated volatility in the market at this time, the suggested beta-adjusted position size is 0.7. This should also be considered a very aggressive, counter-trend trade so best to pass if this does not mesh with your trading style and risk tolerance. 60-minute chart below (ignore the previous targets from the recent short trade as I was rushing to get this setup out asap).

XLE 60-min Feb 9th

XLE 60-min Feb 9th

My expectation for a tradable bounce in XLE is based off several factors, including a bounce in the broad markets next week, a counter-trend bounce in crude oil as well as the fact that the majority of the leading stocks in the oil & gas sector have fallen to or very near key support levels while deeply oversold & as such, the odds for at least a decent bounce on those stocks are quite high at this time.