This S&P Energy sector has been bruised in 23 June since the initial let of mid-term downtrend channel
The upper channel (resistance) was tested thrice but didn't break through.
At the end of last Friday's close, the lower support channel was tested thrice too!
I foresee it's gonna be a pretty strong support level as complement by the horizontal support zone.
The possible target of this rally is around 96
But i need to see bullish and multiple support in lower time frame to trigger my long
The upper channel (resistance) was tested thrice but didn't break through.
At the end of last Friday's close, the lower support channel was tested thrice too!
I foresee it's gonna be a pretty strong support level as complement by the horizontal support zone.
The possible target of this rally is around 96
But i need to see bullish and multiple support in lower time frame to trigger my long