XLE - A lot of accumulation under $50 since July
AVD in white
Crude oil CL1! futures in pink
Notice the accumulation since the July low. The range between 51 and 47, shown as a darvas box, is now very clear.
Darvas would play these as breakouts with stops below the low of the box, but I prefer to bottom fish the low end of the range.
Crude oil CL1! futures in pink
Notice the accumulation since the July low. The range between 51 and 47, shown as a darvas box, is now very clear.
Darvas would play these as breakouts with stops below the low of the box, but I prefer to bottom fish the low end of the range.
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