CRYPTOCURRENCIES – August 21, 2022
Mixed performance for cryptocurrencies. Sharp reversal on BTCUSD reminds us the bearish outlook once again. Some of the altcoins managed to offer short-term uptrends while others continued to remain rangebound.
Author Archive for: Aksel Kibar
Entries by Aksel Kibar
GLOBAL EQUITY MARKETS – August 20, 2022
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) remains below its 200-day average. Breakout above 87 levels completed a short-term double bottom with the price target of 92.7 levels. The 200-day average is acting as resistance at 93.4 levels. Price target for the short-term double bottom was met. A text-book H&S bottom reversal can develop if the index pulls back towards 87 levels to form the possible right shoulder. For now I monitor the price action around the 200-day average.
CANDLESTICK PATTERNS AT SUPPORT & RESISTANCE
Are you familiar with those candlestick patterns? Candlestick patterns at well-defined support & resistance areas can offer great insight and can become part of a successful trading strategy. Formation of those reversal candlesticks can offer good levels to measure risk/reward and act on a possible swing trade opportunity. I continue to add new features to […]
GLOBAL EQUITY MARKETS – August 13, 2022
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) remains below its 200-day average. Breakout above 87 levels completed a short-term double bottom with the price target of 92.7 levels. The 200-day average is acting as resistance at 93.5 levels. Price target for the short-term double bottom was met during the week. A text-book H&S bottom reversal can develop if the index pauses around the 200-day average and pulls back to form the possible right shoulder. For now I monitor the price action around the 200-day average.
H&S CONTINUATION PATTERN
One of the common discussions start with the validity of such pattern... There is a common misconception regarding the continuation type H&S pattern.
Yes, it exists and it is a reliable chart pattern.
Let's dive into this frequently identified chart pattern...
CRYPTOCURRENCIES – August 7, 2022
I will start this week's update with an exciting opportunity from altcoins and then we will continue with the updates on other pairs. The opportunity is on a weekly scale and has the potential of breaking out to all-time highs from a well-defined ascending triangle.
GLOBAL EQUITY MARKETS – August 6, 2022
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) remains below its 200-day average. Price rebounded from the previous low at 81.4 levels. Breakout above 87 levels completed a possible short-term double bottom with the price target of 92.7 levels. The 200-day average is acting as resistance at 93.5 levels. So far price action is reversion to the mean.
GLOBAL EQUITY MARKETS – July 30, 2022
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) remains below its 200-day average. Price rebounded from the previous low at 81.4 levels. Breakout above 87 levels completed a possible short-term double bottom with the price target of 92.7 levels. The 200-day average is acting as resistance at 93.8 levels.
CRYPTOCURRENCIES – July 25, 2022
Price action on many crypto pairs has been muted so far with many charts going through sideways consolidations. Minor lows held but rebounds have been weak.
AON PLC (AON)
Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below […]
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