The Energy Divergence: Is Oil Ready to Fill the Vacuum Created by XLE ?

 By: Moty Levanon Date: January 27, 2026

The global energy market is currently presenting a rare and compelling technical phenomenon: a significant divergence between energy equities and the underlying commodity. While the Energy Sector (XLE) has demonstrated robust institutional demand and staged a decisive breakout, Crude Oil has lagged behind, remaining suppressed within a long-term bearish structure. This disconnect has created a technical "vacuum" that historical correlations suggest must eventually close.

Market Review: Gold Correlations and the USDJPY Japanese Pattern Breakout

January 26, 2026 Moty Levanon, Technical Analyst

Recent market activity provides a profound lesson in the importance of Price Action over mainstream financial narratives. While traditional commentary continues to label the surge in Gold prices as a byproduct of market fear or a flight to safety, the actual price behavior tells a different story. With Gold and major equity indices hitting all-time highs simultaneously, we are witnessing the collapse of the traditional inverse correlation and the rise of a structural shift in the monetary system.

 HIGHLIGHT THE JAPANESE PATTERN AND THE BREAKOUT GAP

Market Analysis: Ethereum at a Critical Structural Juncture

January 26 2026 Author: Moty Levanon

The digital asset market is currently providing a masterclass in Technical Analysis and Market Structure. Ethereum ETH is sitting at a decisive crossroads where harmonic precision meets institutional volume profiles. After a period of sustained volatility the price action has reached a level that demands undivided attention from professional traders.

The Harmonic Perspective and the Precision of Point D

Our primary thesis centers on a massive Harmonic Pattern that has been developing over the recent sessions. The beauty of these patterns lies in their mathematical symmetry and Ethereum has respected these boundaries with remarkable accuracy.

The price recently completed a sharp corrective leg toward the $2,826 zone. This specific level represents the 0.786 Fibonacci retracement and the terminal Point D of our harmonic structure. In technical terms this is the Potential Reversal Zone PRZ where supply typically exhausts and demand begins to aggregate.

 The ETH/USD Daily Chart showing the Harmonic Pattern and Point D at $2,826

GBP/USD Weekly Analysis: The "Rising Three Methods" and the New Currency Paradigm

By: Moty Levanon Date: January 25, 2026

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Overview

As we step into the final week of January 2026, the currency markets are showing signs of a significant structural shift. While the financial headlines remain dominated by Gold’s historic rally toward psychological resistance levels, a compelling price action structure has matured on the GBP/USD weekly chart.

This setup isn't just about a single pair; it’s a reflection of the broader "Regime Change" I’ve been discussing—where traditional correlations are breaking down, and price action is the only objective map we have left.

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The Technical Setup: A Textbook Weekly Variation

Figure 1: GBP/USD Weekly Chart – Identifying the Potential "Rising Three Methods" 

Ethereum (ETH/USD) Technical Analysis: A Critical Inflection Point at $3,000

Date: January 22, 2026

Author: Moty Levanon

The daily price action for Ethereum (ETH/USD) currently presents a fascinating technical picture, characterized by the completion of a significant harmonic pattern converging within a major liquidity zone.

ETH is currently sitting at a decisive juncture. Here is a breakdown of the technical data and potential scenarios moving forward.

Technical Structure Breakdown

1. The Harmonic Completion The daily chart reveals a clear Harmonic pattern (resembling a Cypher/Gartley structure) that has reached its completion terminus at Point D. This point is located in the $2,880 – $2,900 price region, known as the Potential Reversal Zone (PRZ). Historically, these zones have the highest probability for a price pivot.

2. Volume Profile Confluence Adding significant weight to this technical setup is the Volume Profile. We can observe a distinct High Volume Node (HVN) and the Point of Control (POC)—indicated by the red line on the chart—anchored firmly around the $3,000 psychological level. This zone acts as a powerful "magnet" for price and serves as a substantial technical and psychological support base.

3. Price Structure Support Following the sharp retracement from the local high at Point C ($3,390), price action stalled precisely at the 0.78 Fibonacci retracement level from the originating Point X. This confluence further reinforces the importance of the current support zone.

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 ETH/USD Daily Chart displaying the completed Harmonic pattern at Point D and the High Volume Node support around $3,000.