October 8, 2021: Major breakout for energy stocks as indicated by the XEG.TO ETF

The following is a weekly chart covering a 4-year period. I use the weekly chart to see the big picture. I use the daily chart to analyze the 6-month period and the intra-day chart to time the execution of opening and closing positions. You never want to fly blind . Chart showing the energy ETF XEG.TO iShares S&P/TSX Capped Energy Index ETF | XEG (blackrock.com)

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Technical Analysis is about avoiding snakes and catching ladders

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

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