XLE, the energy sector ETF, has multiple Bat harmonic patterns fueling both the Day and Intraday charts. The Day chart shows a cyan colored emerging Bat, which its completion requires price to take out and push off 58.50 for starters. … Continue reading
Tag Archives: XLE
Premium Members Preview: Then and Now Energy Sector
Gallery
THEN: I looked at XLE, the energy sector’s ETF, about 1.5 months ago and am now comparing what was happening then to what is going on now. Then, the analysis was primarily looking at how much of a monthly bearish … Continue reading
Premium Members Preview: Energy Sector On Fumes?
Gallery
The Month chart, a bigger picture for XLE, the energy sector ETF, shows price has been in retracement mode of a double bearish harmonic pattern. There are initial levels of importance to watch for a break and hold, either above … Continue reading
Premium Members Preview: Energy Sector Finding Energetic Purpose?
Gallery
The energy sector ETF shows there’s been some intraday upside bias but does it have enough power to keep going? The day chart shows price is testing a harmonic pattern completion zone between 82.21 and 83.53. Price is extended for … Continue reading
Premium Members Preview: Goldman Sachs At A Decision Point
Gallery
Goldman Sachs (GS) is at a decision point. Price fell below an important 182.41 support line to complete a harmonic pattern. Now stalling, the decision to retrace a bullish harmonic pattern or break down to complete a pattern which has … Continue reading