Dear Tech Charts followers, I reviewed some of the exciting chart pattern setups in Global Equity Markets for Real Vision – Technical Trader section. You can watch the recording by following the link below. I hope you enjoy it. https://www.realvision.com/the-power-of-classical-charting-patterns Regards, Aksel Kibar, CMT Tech Charts Membership By becoming a Premium Member, you’ll be […]
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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) remained strong and close to the resistance level at 77.5 levels. The ETF found short-term resistance around 77.5 levels. The 5 month-long rectangle price target stands at 79.6 levels. Breakout above the minor resistance can push the ETF towards the price target at 79.6. Both the daily and weekly price charts show a steady uptrend. 74.8 levels will act as support during any pullback.
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 and global equity indices. The report starts with […]
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continued higher after breaking out from the 5 month-long rectangle. While the long-term chart pattern can be identified as a H&S continuation and has a much higher price objective the short-term chart pattern is possibly a rectangle and the short-term price target stands at 79.6 levels. This week's price action found resistance at the minor high that stands at 77.5 levels. The ETF might find short-term resistance around 77.5 levels. 74.8 levels will act as support during any pullback.
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 and global equity indices. The report starts with […]
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) confirmed the breakout from the 5 month-long rectangle. While the long-term chart pattern can be identified as a H&S continuation and has a much higher price objective the short-term chart pattern is possibly a rectangle and the short-term price target stands at 79.6 levels. There is another hurdle that the ACWI ETF needs to overcome before reaching all-time highs and that is the minor high that stands at 77.5 levels. The ETF might find short-term resistance around 77.5 levels. 74.8 levels will act as support.
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 and global equity indices. The report starts with […]
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) breached the resistance at 74.8 levels. While the long-term chart pattern can be identified as a H&S continuation, the short-term chart pattern is possibly a rectangle. With ETFs and indices a breakout confirmation level of 1% can be sufficient. I will take a daily close above 75.5 levels as a breakout confirmation. I monitor this ETF for another day of strength. Possible chart pattern price target for the rectangle stands at 79.6 levels.
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 and global equity indices. The report starts with […]
