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Valero Energy Corporation

$VLO - it's time for a retracement and form a new HL

由harrisonfromnyc提供
VLO

The daily candles of the past 4 days show weakness and rejection.

XLE - at a major supply zone too.

I'd expect a retracement of either:
▹ 0.382 Fib at 159 ➳ new HL.
or
▹ 0.618 Fib at 151.

Daily chart:
快照
FibonacciSupply and DemandSupport and Resistance
harrisonfromnyc
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