$VLO - it's time for a retracement and form a new HL

26 มี.ค.

VLO

The daily candles of the past 4 days show weakness and rejection.

XLE - at a major supply zone too.

I'd expect a retracement of either:
▹ 0.382 Fib at 159 ➳ new HL.
or
▹ 0.618 Fib at 151.

Daily chart: