🔥 **XLE 1H Long Setup** — SPDR Energy Sector ETF
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“Energy bulls just tapped the gas at channel support — and the wick says it all. High-prob bounce off demand, riding it up to where the bears got clapped last time. Classic range-to-range flow. Don't sleep on it.”
### 🧠 **Technical Breakdown**
* XLE is trading inside a well-defined **ascending channel** (green zone = bullish midline support).
* Price just tapped into a strong **Demand Zone** at **\$84.30 – \$85.00** — historically defended area.
* Structure supports a **bounce play** toward the upper half of the channel.
### 🟩 **Demand Zone**
* **\$84.31 – \$85.00**: Multi-touch support zone + mid-channel base.
* Entry was sniped right at the bounce wick — showing buyer absorption.
### 🟥 **Supply Zone**
* **\$88.43 – \$89.94**: Resistance cluster + prior rejection highs.
* Perfect zone to TP on mean reversion within channel.
### 🧾 **Trade Setup (Long)**
* **Entry:** \~\$85.49
* **Stop Loss:** \$84.31 (below demand zone structure)
* **Take Profit:** \$89.00 (supply zone)
* **Risk/Reward:** \~**1:3**
*“Buy low in the fear, sell high in the greed.”* — Old trader wisdom
### ⚠️ **Disclaimer**
This is for **educational purposes only**. Not financial advice. Always DYOR and size your risk.
*Powered by Dubai Traders Hub*
“Energy bulls just tapped the gas at channel support — and the wick says it all. High-prob bounce off demand, riding it up to where the bears got clapped last time. Classic range-to-range flow. Don't sleep on it.”
### 🧠 **Technical Breakdown**
* XLE is trading inside a well-defined **ascending channel** (green zone = bullish midline support).
* Price just tapped into a strong **Demand Zone** at **\$84.30 – \$85.00** — historically defended area.
* Structure supports a **bounce play** toward the upper half of the channel.
### 🟩 **Demand Zone**
* **\$84.31 – \$85.00**: Multi-touch support zone + mid-channel base.
* Entry was sniped right at the bounce wick — showing buyer absorption.
### 🟥 **Supply Zone**
* **\$88.43 – \$89.94**: Resistance cluster + prior rejection highs.
* Perfect zone to TP on mean reversion within channel.
### 🧾 **Trade Setup (Long)**
* **Entry:** \~\$85.49
* **Stop Loss:** \$84.31 (below demand zone structure)
* **Take Profit:** \$89.00 (supply zone)
* **Risk/Reward:** \~**1:3**
*“Buy low in the fear, sell high in the greed.”* — Old trader wisdom
### ⚠️ **Disclaimer**
This is for **educational purposes only**. Not financial advice. Always DYOR and size your risk.
By Dubai Traders Hub
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
By Dubai Traders Hub
Follow us on X , YouTube, and Join our Telegram Channel
Follow us on X , YouTube, and Join our Telegram Channel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.