XLY - In 4 hr time frame, it looks like the impulse cycle has been finished unless, the 5th wave will start subdividing to extend the cycle higher. If consider the impulse over, then there will be big correction expected down below 141.75 at least. The commmon cycle between both options, is simple flat like abc correction as shown on the chart.
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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.