Over the past couple of years, the Energy sector has declined a good deal more than it has rallied. Of late, some assets in the Energy sector, has been moving upward and have been jumping over key resistance levels! Crude Oil now following energy stocks, hopping over resistance?
CLICK ON CHART TO ENLARGE
Since July the Power of the Pattern has been sharing with Premium & Sector Members, that the Energy complex looked to be forming several reversal patterns, which appeared to be taking the shape as bullish inverse head & shoulders formations.
Full Disclosure- Premium Members hold several long positions in this sector with tight stops.