Author Archive for: Aksel Kibar

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trading above its 200-day average at 153.1 levels. Breakout above 158.5 levels is resuming the uptrend above the long-term average. The benchmark possibly completed a H&S failure with the breach of the highest level for the right shoulder. Price target for the H&S top failure stands at 166 levels. Negation level for the H&S failure is at the neckline (152.6). 153.1-156.6 area acts as support. Breakdown below 156.6 levels can test the long-term average at 153.1 levels. Price action can still be analyzed as reversion to the mean. Friday's close was borderline. Another daily close below 156.6 can confirm the breakdown from the rectangle consolidation between 162.5-156.6 levels. Only after a breach of the year-long average, I will start analyzing price action with a bearish perspective. 

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trading above its 200-day average at 152.85 levels. Breakout above 158.5 levels is resuming the uptrend above the long-term average. The benchmark possibly completed a H&S failure with the breach of the highest level for the right shoulder. Price target for the H&S top failure stands at 166 levels. 152.85-156.6 area acts as support. Breakdown below 156.6 levels can test the long-term average at 152.85 levels. Price action can still be analyzed as reversion to the mean. 

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BTCUSD clears resistance at 82.8K, though price action so far has been hesitant to resume higher. This is a concer for the quality of the breakout. ETH/BTC shows signs of strength by completing a short-term bottom reversal. Breakout from the channel favors ETH over BTC in the short-term. 

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trading well above its 200-day average at 151.78 levels. Breakout above 158.5 levels is resuming the uptrend above the long-term average. The benchmark possibly completed a H&S failure with the breach of the highest level for the right shoulder. Price target for the H&S top failure stands at 166 levels. 160-158.5 area becomes the new short-term support. Price continues to remain inside the channel. Breakout from the channel can offer a directional move. 

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trading well above its 200-day average at 151.4 levels. Breakout above 158.5 levels is resuming the uptrend above the long-term average. The benchmark possibly completed a H&S failure with the breach of the highest level for the right shoulder. Price target for the H&S top failure stands at 166 levels. 160-158.5 area becomes the new short-term support. Price continues to remain inside the channel.

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