---
title: Energy Sector Retracement After Breakout
description: "The Energy sector (XLE US) broke out of an ascending triangle in March! This was good news for confirming the bullish trend. As with many breakouts, they are usually followed by a retracement. The market has just reached the 50% Fibonacci retracement. This is a very interesting level to keep an eye on. Source: Bloomberg"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Energy Sector Retracement After Breakout](https://blog.syzgroup.com/syz-the-moment/energy-sector-retracement-after-breakout)

 Written by [Christian Aldenkortt](https://blog.syzgroup.com/syz-the-moment/author/christian-aldenkortt) | Jun 27, 2024, 10:19:17 AM

[View full post](https://blog.syzgroup.com/syz-the-moment/energy-sector-retracement-after-breakout)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Christian Aldenkortt"
  },
  "dateModified" : "2024-06-27T10:19:17.706Z",
  "datePublished" : "2024-06-27T10:19:17Z",
  "headline" : "Energy Sector Retracement After Breakout",
  "image" : {
    "@type" : "ImageObject",
    "height" : 536,
    "url" : "https://25733253.fs1.hubspotusercontent-eu1.net/hubfs/25733253/XLE%20Energy%201.png",
    "width" : 1119
  },
  "mainEntityOfPage" : "https://blog.syzgroup.com/syz-the-moment/energy-sector-retracement-after-breakout",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Syz The Moment"
  }
}
```