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$XLE — Blue Box Buying Area Coming Into Focus
XLE was unfolding an A-B-C correction, with wave C expected to extend into the 61.81–59.98 Blue Box.
📌 What we expected: the larger bullish sequence remained intact above 52.67, so we were looking for buyers to appear once price reached this extreme area.
👀 The focus was not on chasing the decline, but on waiting for the correction to reach the high-frequency zone.
#XLE #Energy #BlueBox #ElliottWave #Trading