- Search Energy EXCH
- 40 Results
- hhitch replied Oct 12, 2010
perfect butterfly — perfect butterfly
- hhitch replied Jun 23, 2010
ok I will tell you what I am seeing now. Price is starting to approach the same area where it was met by strong resistance last friday, around 1.4880. It appears that the butterfly has begun to play out a bit to the downside, but it could always ...
- hhitch replied Jun 20, 2010
hey I can definitely see what you're saying, the recent highs are touching the bottom of the old lows, and are approaching the down-moving trendline. But in order to intersect the lowest of the UT, price will have to reach somewhere around 1.49, and ...
- hhitch replied Jun 19, 2010
USDCAD — the butterfly pattern I previously posted for USDCAD I believe is now negated with yesterday's price action... with price drifting (nay, rushing!) below the 78.6% level, that increases the likelihood of a complete 100% retracement, ...
- hhitch replied Jun 19, 2010
as expected, resistance was encountered at the 1.4870 area, which was a confluence of fibonacci levels from two different fib studies, a 78.6% retracement at 1.4877 and a higher level 50% retracement at 1.4864. I was able to take a short right at ...
- hhitch replied Jun 19, 2010
GBPUSD — as expected, resistance was encountered at the 1.4870 area, which was a confluence of fibonacci levels from two different fib studies, a 78.6% retracement at 1.4877 and a higher level 50% retracement at 1.4864. I was able to take a ...
- hhitch replied Jun 17, 2010
certainly I could be wrong, but I don't see this as a bounce off the lower trendline, rather I see it as a valid break of the lower trendline, indicating short. Again I could be wrong!! see the chart =>
- hhitch replied Jun 16, 2010
well tazzam, here's what I think... possibly... maybe... unless it doesn't...
- hhitch replied Jun 16, 2010
fun with butterflies — in taking a longer term overview of the markets, it appears we have a veritable "butterfly invasion" on our hands. I've posted about the GBPUSD butterfly gartley that has been forming, but there are also butterflies on ...
- hhitch replied Jun 16, 2010
yup it's a bearish wedgie — bearish wedgie and possible H&S setup...
- hhitch replied Jun 16, 2010
maybe? — possible trend change?
- hhitch replied Jun 16, 2010
possible Euro trend change? — maybe depending on what stock market do today....
- hhitch replied Jun 16, 2010
thanks Honored, I'm honored... no you're Honored... at any rate it seems possible that this bearish wedge scenario might be playing out now, depending on what the NY stock market continues to do today...
- hhitch replied Jun 16, 2010
"me too"... nothing but frustration this morning's london session. I'm wondering if maybe this butterfly is starting to kick in. I think right now it's dependent upon what SP500 and DJIA decide, and they both look like they're at the top of their ...
- hhitch replied Jun 16, 2010
a bearish wedgie? — so now I'm wondering if -- even though price is moving up at the moment -- maybe this qualifies as one of those bearish wedges?
- hhitch replied Jun 16, 2010
gbp resistance / usdjpy support — overlapping fibs around 1.4870 may provide resistance on GBPUSD reverse H&S formation on USDJPY may provide support to yen crosses
- hhitch replied Jun 16, 2010
gbp resistance / usdjpy support — overlapping fibs around 1.4870 may provide resistance on GBPUSD reverse H&S formation on USDJPY may provide support to yen crosses
- hhitch replied Jun 15, 2010
possible h1 divergence? — maybe...
- hhitch replied Jun 15, 2010
again... — h1 divergence and bearish looking tops... will it go on to make another new high, or read true to these bearish signals? who knows...
- hhitch replied Jun 15, 2010
this has been my working chart for a while now... like you say, troubled... that top doesn't look so bullish at all...