Sep. 1 at 2:11 AM
$XEL | Xcel Energy Inc. (Utilities / Renewable Power & Electricity ⚡️🔌💡)
$XEL is testing a critical structural confluence zone on the 8H chart near
$75.54, sitting right at the intersection of its major ascending channel support and a fallen descending trendline retest. Holding above this high-demand volume shelf near
$75.00 sets up a clean value-area bounce back toward multi-month highs near
$82.50+.
Key Technical Levels:
• Confirmation Trigger:
$76.80 🚀
• Pivot Support:
$75.00 🐂
• Overhead Target 1:
$80.00 🎯
• Overhead Target 2:
$82.38 💰
• Downside Risk Level:
$71.30 🐻
• Stop Loss:
$74.20 🔴
Flow & Market Bias:
Structure: 8H Ascending Channel Trendline Retest / Demand Zone Hold
Bias: Bullish above
$75.00
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