Pressing for Lethargic Energy Stocks; Chess Moves

I am pressing the energy stocks, housed in the XLE ETF, to resume their downtrend and defy the many calls for a major bottom in place. 

As a result, I went long ERY, the triple-bearish ETF for energy stocks, at $20.37 with a protective cover-stop below $19.50. 

This position amounts to roughly 4% of my trading portfolio capital.

Keying off the XLE hourly chart, below, note the descending triangle being formed, again within the context of an overarching downtrend yet to prove itself as a bottom. Typically, that pattern resolves in favor of bears in a downtrend--Those are my technical reasons for the trade. 

In addition, anecdotally I see many assuming the bottom is in for energy stocks. But I suspect the big names like CVX and XOM are not yet done to the downside.