The highlighted pennant pattern on the XLE (energy sector ETF) daily chart, below, shows the potential for a major directional break coming after this recent consolidation.
On weakness back below $85, I am stalking an ERY long, the triple-bear energy sector ETF. On strength, a quick long can be had. But the chart remains damaged goods, so be quick.
Who will win the pennant?
___________________________________________
If you enjoy the content at iBankCoin, please follow us on Twitter