GLOBAL EQUITY MARKETS – August 16, 2025

REVIEW

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) did a round trip after the sharp sell-off and reached its all-time highs around 123.5 levels. Following the breakout above the horizontal resistance at 123.5 levels the ETF has been trending higher in a channel. Price is respecting both boundaries. Support area is between 123.5 and 127.7 levels. Uptrend is intact.

 

 

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GLOBAL EQUITY MARKETS – AUGUST 16, 2025 – PART I

GLOBAL EQUITY MARKETS – AUGUST 16, 2025 – PART II

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TECH CHARTS WATCHLIST – SUMMARY OF RICS & PATTERNS IN FOCUS (ACCESS EXCEL REPORT)

STOCKS REMOVED FROM THE WATCHLIST

• BANK OF CHINA LIMITED (Chart pattern morphing)
• CNH INDUSTRIAL (Chart pattern morphing)

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The iShares MSCI Emerging Markets Index ETF (EEM) rallied from the lower boundary of its trend channel. Price is above its year-long average. Strong short-term resistance was cleared at 47.4 levels. Previous resistance at 47.4 becomes the new short-term support. The upper boundary of the trend channel at 50 levels was tested after the breakout above 47.4 levels. For now the upper boundary of the trend channel is acting as resistance. Breakout above 50 levels can resume the uptrend in Emerging Markets. Failure to clear 50 levels can result in a sideways consolidation between 47.4 and 50 levels.

Nasdaq 100 broke down its 200-day average that was acting as support at 20.1K. Sharp recovery above the long-term average pushed the index to its all-time highs at 22,120. With price being well above the year-long average, the outlook is positive for Nasdaq. Index cleared the horizontal resistance at 22,120 which now turns into support. It will be important for the index to stabilize above 22,120 for the uptrend to resume. The index is resuming higher in a well-defined uptrend channel. The lower boundary of the upward trend channel acted as support at 22,700 levels. Support area is between 22,120 and 22,700.

S&P 500 Index is trending above the 200-day average. The index cleared the horizontal resistance at 6,157 levels which now turns into support. A possible short-term uptrend channel might be developing. Both the lower boundary of the channel and the horizontal boundary is forming support area between 6,157-6,250 levels. Breakdown below the lower boundary of the channel can result in a re-test of the horizontal support at 6,157 levels. Minor high at 6,470 levels is acting as short-term resistance.

 

Russell 2000 Index has been a laggard when compared with Tech stocks and Blue chips. After a sharp sell-off and a similar sharp rebound price tested the 200-day average as resistance at 2,127 levels. The minor high was also overlapping as resistance with the long-term average. Breakout above the possible neckline cleared the 200-day average. It was important for the index to stabilize above the 200-day average. H&S bottom negation level is at 1,985 levels (low of the right shoulder).  Neckline and the 200-day average becomes the support at 2,127 levels. The index might be forming a possible upward trend channel with the lower boundary acting as support at the same level as the year-long average. Price target for the H&S bottom reversal stands at 2,450 levels.

EuroStoxx 50 index recovery above 5,000-5,100 resistance area changed the outlook to positive once again. Rebound from 5,173 levels kept the consolidation intact and above the year-long average. Strong resistance area for the index is between 5,470 and 5,550 levels. For now the range-bound price action is intact between well-defined horizontal support and resistance. Breakout above 5,470 levels can confirm the rectangle as a bullish continuation with the price target of 5,760 levels.

Euro Stoxx Banking Index had a strong rebound from its long-term average. The index broke out of its short-term consolidation around the March high at 198 with a breach above the horizontal resistance at 206. It was important for the index to hold above the upper boundary of its consolidation for the short-term strength to continue. During the latest weakness I viewed the price action as a re-test of the upper boundary around 206. Sharp rebound suggested that the support is still intact and uptrend is resuming. Note that price is becoming parabolic. Parabolic price actions are not sustainable and can be followed by sharp corrections. 

Germany’s XETRA Dax Index completed a 2 year-long cup & handle continuation that broke out to new all-time highs. Long-term cup & handle continuation price target was met at 20,800 levels. Strong support is between 21K and 22,367 levels. The index remains in an uptrend above its long-term average and inside the trend channel. The upper boundary of the channel and the previous high is acting as resistance and resulting in a pause in the steady uptrend. Sideways consolidation is taking place between 23,600 and 24,600 levels. The consolidation can complete as an ascending triangle with a breakout above 24,600 levels.

France CAC 40 Index recovered above 7,020 levels. Price action can be analyzed as a trading range between 7,020 and 8,270 levels for the time being. It will be important for the index to stabilize above its year-long average for the bullish outlook to remain intact. Failure to hold above the year-long average can result in continued, wide consolidation between the well-defined boundaries of 7,020 and 8,270. Short-term consolidation is possibly taking place between 7,500 and 7,940 levels. Breakout/breakdown from the short-term consolidation can offer a directional move.

One of the better looking European equity benchmark after Germany’s DAX index is Italy’s FTSE MIBTEL. The benchmark completed an 8 month-long H&S continuation chart pattern with the neckline at 35,150 levels. The 200-day (40 week) average has been an important support since the beginning of 2023. Breakout above 35,150 levels pushed the index towards the target at 39,700 levels. Uptrend is intact. The boundaries of the short-term consolidation were 40,800 and 38,800. Last week’s breakout above 40,800 confirmed the sideways consolidation as a bullish continuation chart pattern and this week uptrend accelerated. 40,800 turns into support. 

Japan’s NIKKEI 225 index breached the 200-day average and resulted in a sell-off towards support around 30.5K. Sharp rebound cleared the March low at 36K and reached 37.7K, the 200-day average resistance. The 200-day average at 37.7K acted as support and resulted in a short pause (ascending triangle) after the strong rebound. The pattern completed as an ascending triangle. Breakout from the tight consolidation is now resuming the uptrend in a well-defined trend channel. Latest strength also cleared the horizontal resistance at 40,500 levels. Strong support area is between 38,800 and 40,500.

Australia S&P ASX 200 Index breached the strong horizontal resistance at 8,580 levels. Tight consolidation below the strong resistance acted as a bullish continuation and now pushing the index higher. The index completed another short-term consolidation that can result in continuation of the uptrend. 8,580 level turns into support. 

China SSE 50 Index has been in a steady downtrend over the past several years. The index completed a double bottom with the neckline at 2,550 levels. Double bottom price target was met at 2,900 levels. Previous resistance at 2,550 is acting as the new support. Rebound from current levels is offering buying opportunity for China equities. Breakout above the horizontal resistance at 2,760 levels can accelerate the upward price action. A strong decisive white candle is still missing. A long white weekly candle can shift the sentiment towards positive and push the index away from the boundary at 2,760 levels. 

BIST 100 is possibly forming a long-term symmetrical triangle with the upper boundary at 10,800 and the lower boundary at 9,050 levels. A long-term bullish signal will take place if the index clears the resistance at 10,800 levels. Last few week’s recovery above the year-long average was strong and pushed the index towards the upper boundary at 10,800 levels. Possible symmetrical triangle price target stands at 13,400 levels. I’m monitoring the index for a strong weekly (long white candlestick) close for breakout confirmation.

One of the better looking setups and an important chart pattern development is taking place on Turkiye BIST Bank Index. The year-long rectangle has a horizontal upper boundary at 16,900 levels. Breakout can complete the rectangle as a bullish continuation with the price target of 22,500 levels. It seems like without a clean breakout on the Banks index, the BIST100 will not have the long awaited breakout with acceleration higher. 

The Ishares MSCI Turkey ETF’s monthly close below 32 levels completed a H&S top reversal with the price target of 24 levels. The ETF had several opportunities to remain in an upward trend channel and resume higher. Instead, weakness continued to challenge the lower boundary and now with the completion of a possible top reversal, neckline at 32 levels becomes the new resistance. The ETF needs to recover back inside the green trend channel to change the outlook to positive. A sharp recovery above 35 levels (back inside the green channel) can result in a rally towards 40 levels. Below chart labels the long-term bullish possibility for TUR ETF with a massive H&S bottom reversal that can suggest a major change in trend. I will discuss more of this possibility with price targets as the right shoulder becomes better defined. 

The correction towards 34.5 levels in the beginning of the year was a hard re-test for the 3 year-long H&S continuation. With April’s sharp correction price once again tested and rebounded from the strong horizontal support. The ETF completed a sideways consolidation between 33 and 38 levels. Price target for the rectangle stands at 43 levels. Previous resistance at 38 becomes the new support. The 200-day average is rising and catching up with the level for the horizontal support, setting up an inflection point.  

DIA rebounded from the strong support at 370 levels. Recovery above the year-long average and continued strength targeted the next resistance at 451.5 levels. A possible H&S continuation can develop with the formation of the right shoulder. Consolidation above the 200-day and below the horizontal resistance at 451.5 levels can form the possible right shoulder. There is still no clear breakout signal. 

The long-term price chart of UK FTSE 100 Index is completing the multi-month long H&S continuation chart pattern. The horizontal resistance was the neckline at 7,750 levels. This is a monthly scale price chart. Outlook is still positive for UK equities. 7,750 levels continue to be an important support. Sharp rebound keeps the uptrend intact. 

Breakdown of the neckline at 78K for SENSEX resulted in a downtrend towards 71.3K. For Nifty 50 the H&S top price target stood at 21.7K. Both benchmarks came very close to their pattern objectives. The strong weekly close above 23.8K for Nifty 50 was bullish for the index as it recovered above the neckline and the year-long average. Likewise the weekly close above 78K is considered positive price action for Sensex. Short-term sideways consolidations failed to resume uptrends towards 2024 highs. Sensex and Nifty can continue to consolidate above the year-long averages in search for a continuation chart pattern. So far price action for both benchmarks can be analyzed as a reversion to the mean. I will monitor possible buyer strength around the 200-day averages after back to back weekly negative closes. Benchmarks might be due for a rebound.

 

BCI is a commodity ETF tracking a broad-based index, providing exposure to various commodities like energy, metals, and agriculture, without issuing a K-1 tax form, which simplifies tax reporting. Its performance is tied to commodity market trends, which can be influenced by global economic conditions, inflation, and supply-demand dynamics. The chart is possibly forming a 2 year-long bottom reversal that can be identified as a complex H&S bottom. The neckline is at 21.7 levels. A daily close above 22.3 levels can confirm the bottom reversal with the price target of 24.7 levels. It is important to note that completion of the multi-year long bottom can be the beginning of a longer-term uptrend in commodities. For that reason I would like to see a decisive weekly close above the several times tested upper boundary.

Breakout above 2,070 levels completed a multi-year long rectangle with the price target of 2,460 levels. Given that we are analyzing a monthly scale chart, March 2024 breakout was confirmed with a strong monthly close above the resistance. It is important to note that due to the length of the recent consolidation (multi-year long), breakout possibly started a multi-month long trend. Previous resistance at 2,070 levels becomes the new support. This is considered to be a Type 1 breakout on monthly scale. Type 1 breakouts rally to price objective without any pullback. They usually extend beyond price objective. Price action has become parabolic (steep advance) and the recent weakness/pause comes after the strong advance. Last 3 month’s candles formed a doji, which also supports the case for a pause around current levels. 

Since the beginning of 2023 Gold has been in a steady uptrend above its 200-day average. Long-term trading range between 1,680 and 2,070 completed with the strong breakout. Rectangle price target was met at 2,460 levels. The 200-day moving average is acting as support at 3,085 levels. Breakout above the upper boundary of a rising channel (3,060 levels) accelerated the uptrend. Price action became parabolic with longer weekly candles. The Doji candlestick signaled a balance between buyers and sellers. Possible “pause in uptrend”. The pullback found support above the upper boundary of the rising trend channel. Uptrend is intact. A possible symmetrical triangle can complete with a breakout above 3,440 levels and can resume the existing uptrend. Breakdown below 3,300 levels can result in a quick re-test of the year-long average. The best way to stay in the existing trend and still protect profits in case of a reversal is to utilize trend following tools such as moving averages or trailing ATR. Failure to hold above the upper boundary of the rising trend channel can result in a correction towards the 200-day average. (Here you can find discussion on ATR trailing stops) 

Silver has been the most volatile and with the most frequent false signals between the metals that were discussed in the report. A 10 month-long rectangle completed in June with the close above 34.6 levels. Breakout above 34.6 levels can target 40.3. Price is trending higher in a  possible uptrend channel after last week’s rebound. Failure to hold inside the trend channel can result in a re-test of the horizontal support at 34.6 levels.

The chart below shows the historical SILVER/GOLD ratio. The ratio after reaching its historical resistance in 2011, is now rebounding from the long-term support. If any outperformance for Silver is going to take place, it is from current levels…

Due to exposure to frequent news flow, Copper is experiencing increased volatility around the pattern boundary at 5.05 levels. A possible long-term H&S continuation might be completing with the breakout above the neckline at 5.05 levels. The weekly close above 5.20-5.37 resistance area confirmed the long-term H&S continuation breakout. Price target for the multi year-long H&S continuation stands at 6.82 levels. The weekly close was very weak and well below the pattern boundary, though still above the pattern negation level, the low of the right shoulder at 4.0 levels. Since July 2022, Copper price is forming higher lows that can be seen from the green upward sloping trend line.

Aluminum futures are forming a possible multi-year long ascending triangle. The upper boundary was tested several times around 2,670 levels. Strong weekly close above 2,460 levels opens the door for a possible directional move towards 2,670. Only after a breakout above 2,670 levels we will discuss the completion of the multi-year long ascending triangle as a bottom reversal.

SPDR Materials Select Sector ETF (XLB) recovered above the long-term average and tested the 92.3 levels. This week’s price action found resistance at the horizontal boundary at 92.3. 92.3-97.9 area will act as resistance. It will be important for the price to settle above the year-long average in the following weeks for the uptrend to resume. 

Crude Oil’s long-term pattern confirmed as a descending triangle (bearish chart pattern) with a breakdown below the horizontal support at 65 levels. However after 2 months of consolidation price formed a short-term double bottom. Breakout above 65.2 levels confirmed the double bottom reversal. The recovery above 65 was an anticipation for the recent Geopolitical tension. Double bottom price target was met. Failure to hold above 65 levels can result in a re-test of April-May lows around 55 levels. 65 levels turns into resistance. 

Global X Uranium ETF (URA) is possibly completing a larger scale ascending triangle or a channel. The price is breaking out of its wide trading range between 19.5 and 34.9 levels. Breakout above 34-34.9 area completed a multi-year long ascending triangle (or channel) with the price target of 48.4 levels. 34-34.9 area turns into support.

Bund is possibly forming a long-term descending triangle with the horizontal boundary acting as support at 126 levels. Consolidation below the long-term average might be completing a rectangle with a breakdown below 129 levels. BUND can test the lower boundary of its long-term sideways range. 129-130.87 area turns into resistance.

The I-SHARE 0-5 YR TIPS BOND ETF seeks to track the investment results of an index composed of inflation-protected U.S. Treasury bonds with remaining maturities of less than five years. It seeks to protect against near-term inflation. Price chart completed a 20 month-long rectangle with the upper boundary acting as resistance at 99.6 levels. Q2 2024 consolidation right below the resistance was a preparation for a breakout higher. Breakout in August 2024 confirmed the rectangle as bottom reversal with the price target of 102.9 levels. Price target was met. Uptrend is intact, though, price reversed from the upper boundary of its trend channel. The lower boundary of the trend channel forms support at 102.5 levels. Inflationary pressures remain intact. Developing chart pattern can act as a symmetrical triangle that can resume the uptrend inside the channel.

The U.S. 10 Year T-Note might be forming a long-term symmetrical triangle with the lower boundary acting as support at 110 and the upper boundary as resistance at 118 levels. Price can remain volatile in this range in the following weeks. 

4.8-5.0 area is the strong resistance formed by the horizontal neckline and the high at 5.0 levels. Wide trading range is between 3.5 and 5.0 levels. A possible H&S continuation might be forming with the neckline at 4.8 levels. Breakout above 4.8 can resume the uptrend on 10 year yields. Yields remain elevated and suggest inflation is still a concern. The H&S continuation can fail in the case of a breakdown below the low of the right shoulder at 3.9 levels.

The USD Index better defined range is between 101 and 108.5 levels. The monthly close in May was below 101 levels. This increased the chances of a quick test of the lower boundary of the channel at 97 levels which took place with recent weakness. A sharp recovery above 101 can renew the upward momentum for the U.S. Dollar Index. Long-term trend is upwards and remains inside the blue trend channel. We have seen a rebound from the lower boundary but not strong enough to result in a sharp reversal. It might take longer to form a bottom at the lower boundary of the trend channel. Breakdown of the lower boundary of the trend channel can result in a long-term change of trend and target initially the horizontal support at 87 levels.

USDJPY completed multi-year long bottom reversal with a breakout above 124 levels. Long-term price action can be analyzed as a steady uptrend with higher highs and higher lows. 140 levels continue to act as support. Wide range remains between 140 and 162 levels. Re-test of 140 levels can better define a H&S top with the neckline at 140. Breakdown below 140 levels can complete the H&S top with the price target of 122 levels. Monthly chart shows a rebound from the lows at 140. While the chart pattern is clearly a H&S top, there is still no breakdown confirmation. 

There are 4 breakout signals.

TECH CHARTS ALERT

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AEGEAN AIRLINES (AEGN)

Aegean Airlines S.A. is Greece’s flag carrier and its largest airline, operating since 1999. It provides full-service, short‑ and medium‑haul scheduled and charter flights from major hubs such as Athens International Airport, Thessaloniki’s Macedonia International Airport, and Larnaca in Cyprus. The stock is listed on the Athens Stock Exchange. Price chart formed a 3 month-long head and shoulder continuation with the horizontal boundary acting as strong resistance at 13.18 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 13.60 levels confirmed the breakout from the 3 month-long head and shoulder continuation with the possible chart pattern price target of 15.20 levels. (Learn more: Video Tutorial)

ALASKA AIR GROUP INC. (ALK)

Alaska Air Group, Inc. (NYSE: ALK) is a U.S.-based airline holding company headquartered in SeaTac, Washington. Established in 1985, it oversees several key subsidiaries—including Alaska Airlines, Horizon Air, Hawaiian Airlines, and McGee Air Services—delivering both passenger and cargo air transportation across North America and select international destinations. The stock is listed on the New York Stock Exchange. Price chart formed a 3 month-long cup with handle with the horizontal boundary acting as strong resistance at 55.5 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 57.15 levels confirmed the breakout from the 3 month-long cup with handle continuation with the possible chart pattern price target of 65.2 levels. (Learn more: Video Tutorial)

GUARDANT HEALTH INC. (GH)

Guardant Health, Inc. (Nasdaq: GH) is a leading precision oncology company headquartered in Palo Alto, California, focused on transforming cancer care through advanced blood and tissue tests, real-world data, and AI analytics.  The stock formed a 7 month-long rectangle with the horizontal upper boundary acting as resistance at 52.7 levels. The daily close above 54.28 levels confirmed the breakout from the rectangle that can act as continuation pattern with the price target of 68.1 levels. (Learn more: Video Tutorial)

UBIQUITI INC. (UI)

Ubiquiti Inc., headquartered in New York, NY, is a global technology company founded in 2003 that designs and manufactures wireless and wired networking products for enterprises, service providers, and consumers. The stock is possibly forming a 5 month-long cup & handle continuation chart pattern with the horizontal boundary acting as resistance at 462 levels. The daily close above 475.8 levels confirmed the breakout from the continuation chart pattern with the possible chart pattern target of 652 levels. Last 2 days of price action was a sharp setback. Price is still above the low of the handle. I will monitor this pattern for re-completion above the pattern boundary. Also note that with caution, earnings are due and stocks that enter their earnings with weakness usually are exposed to downside price action. (Learn more: Video Tutorial)

There are 6 additions to watchlist.

TECH CHARTS WATCHLIST

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AMERICAS

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DIETEREN GROUP (DIE) – new addition to watchlist

D’Ieteren Group SA/NV is a long-established, family-controlled Belgian investment holding company, founded in 1805 and headquartered in Brussels. D’Ieteren Group connects automotive distribution, vehicle services, parts supply, lifestyle goods, and real estate into a coherent investment structure with global reach and strong market positions. The stock is listed on EuroNext. Price chart is possibly forming a 3 month-long rectangle with the upper boundary acting as resistance at 188.6 levels. There has been several tests of the horizontal boundary. A daily close above 194.2 levels will confirm the rectangle as a bullish continuation with the price target of 206 levels. (Learn more: Video Tutorial)

WACKER NEUSON (WAC) – new addition to watchlist

Wacker Neuson SE, founded in 1848 and headquartered in Munich, Germany, is a global manufacturer of light and compact construction equipment. Listed on the SDAX, the company operates under brands including Wacker Neuson, Kramer, Weidemann, and Enar, offering products such as rammers, vibratory plates, excavators, wheel loaders, and telehandlers. Price chart is possibly forming a 4 month-long rectangle with the upper boundary acting as resistance at 25.1 levels. A daily close above 25.8 levels will confirm the rectangle as a bullish continuation with the price target of 28.2 levels. (Learn more: Video Tutorial)

GEORG FISCHER (GF)

Georg Fischer (GF) is a leading global provider of flow solutions for transporting water, chemicals, and gases safely and efficiently across industrial, infrastructure, and building sectors. Originally founded as a steel foundry, GF has transformed over two centuries into a modern technology group focused on sustainability, innovation, and precision engineering. The stock is listed on the Swiss Stock Exchange. The stock formed a 3 month-long rectangle with the upper boundary acting as resistance at 66.7 levels. A daily close above 68.7 levels will confirm the breakout from the horizontal chart pattern with the possible chart pattern price target of 72 levels. (Learn more: Video Tutorial)

MUNTERS GROUP (MTRS)

Munters is a global leader in climate control solutions — offering energy-efficient systems that manage humidity, temperature, and air quality for mission-critical environments. Their technologies aim to improve resource efficiency and reduce environmental impact. The stock is listed on the Stockholm Stock Exchange. Price chart formed a 3 month-long rectangle with the upper boundary acting as strong resistance at 144.7 levels. A daily close above 149 levels will confirm the breakout from the horizontal chart pattern with the possible price target of 166.6 levels. (Learn more: Video Tutorial)

BNPPPL (BNP)

BNP Paribas, headquartered in Paris, France, is the largest banking group in France and a leading global financial institution. It operates in three main areas: Commercial, Personal Banking & Services (CPBS), Investment & Protection Services (IPS), and Corporate & Institutional Banking (CIB). The stock formed a 15 month-long H&S continuation with the horizontal boundary acting as resistance at 112.5 levels. There has been several tests of pattern boundary. A daily close above 116 levels will confirm the breakout with the possible chart pattern price target of 141 levels. (Learn more: Video Tutorial)

SBERBANK (SBER)

Sberbank, headquartered in Moscow, Russia, is the largest bank in Russia and one of the leading financial institutions in Eastern Europe. Majority-owned by the Russian government through the National Welfare Fund, it provides retail banking, corporate banking, investment services, and digital financial products. The stock is possibly forming a 12 month-long cup & handle continuation chart pattern with the horizontal boundary acting as resistance at 330 levels. A daily close above 340 levels will confirm the breakout with the possible chart pattern price target of 430 levels. (Learn more: Video Tutorial)

MIDDLE EAST & AFRICA

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CIMSA CIMENTO (CIMSA)

Cimsa Cimento (BIST: CIMSA) is one of Turkey’s leading cement and building materials producers. Founded in 1972 and headquartered in Mersin, Çimsa operates under the umbrella of the Sabancı Group. The company produces white cement, grey cement, calcium aluminate cement, and other specialty products. The stock has formed a 6 month-long rectangle chart pattern with the several times tested horizontal resistance at 55.6 levels. A daily close above 57.25 levels will confirm the breakout, potentially triggering a move toward the price target of 67.7. (Learn more: Video Tutorial)

DNYA CEBUS (DNYA)

DNYA Cebus (TASE: DNYA) is an Israeli real estate and infrastructure company engaged in development, construction, and project management across residential and commercial sectors. The stock has formed an 8 month-long head and shoulder continuation chart pattern, typically considered a bullish continuation formation. The horizontal neckline acts as resistance around the 12,900 levels. A daily close above 13,290 will confirm the breakout, potentially triggering a move toward the price target of 16,200. (Learn more: Video Tutorial)

TAV HAVALIMANLARI (TAVHL)

TAV Havalimanlari (BIST: TAVHL) is a Turkey-based company engaged in the management and operation of airport terminals. The stock has formed a year-long rectangle pattern, with the upper boundary acting as resistance at 293 levels. The horizontal boundary was tested several times. A daily close above 301.8 levels will confirm the breakout with the possible chart pattern price target of 373 levels, based on the pattern’s height. (Learn more: Video Tutorial)

ASIA

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