Browse Stacks: Patterns: Triangles: XLE.png

XLE is right now sitting just below support for a channel I thought began forming back in late August and uses the late August, October and early November highs. We have haven't yet had two clear closes below that support line so it still has this "will it or won't it" feel to it. Also a head and shoulders pattern may have appeared meaning this could fall to just below 57. What do other people think? (www.danjazown.com)