$XLE starts to look cheap around $70.50

٢٢ يونيو ٢٠٢٢

XLE broke below weekly support, which happens to be 0.768 Fibonacci support level as well.

I'd want to get long at $70.50 as it'll be the 0.618 level of Fibonacci support and also other important technical factors coincide in that zone. Including volume profile value area high at the same level.