BREAKOUT ROOM JULY 17, 2026 – LIVE MEETING, CHARTS Q&A (Recording)
BREAKOUT ROOM JULY 17, 2026 - LIVE MEETING, CHARTS Q&A (Recording)
Meeting Outline- Q&A on charts of your interest
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 146.2. The gap above 151.4 was filled during short-term weakness. Breakdown below 152.6 levels can complete a short-term top and can become part of a reversion to the mean. Bearish chart pattern completions above the long-term averages are more prone to failure as they take place against the overall trend. Breach of the high of right shoulder at 158.5 can result in a H&S top failure and offer a long signal with the price target of 166 levels.
Read MoreTech Charts Members,
We continue with our Breakout Room meetings to discuss charts of your interest. This meeting's scheduling targets Americas & Europe members. I will share my screen and will pull up chart of your request and review patterns and opportunities from the perspective of classical charting principles. We had several meetings that were a success and we got the chance to review so much in the allocated time. I hope this time as well we will cover as many charts and questions as possible.
Read MoreBTCUSD is at its 60K support after breaking down channel boundary at 71.5K. ETH/BTC shows signs of strength inside the downtrend channel. Breakout from the channel can favor ETH over BTC.
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 145.7. The gap above 151.4 was filled during short-term weakness. Breakdown below 152.6 levels can complete a short-term top and can become part of a reversion to the mean. Bearish chart pattern completions above the long-term averages are more prone to failure as they take place against the overall trend. Breach of the high of right shoulder at 158.5 can result in a H&S top failure and offer a long signal with the price target of 166 levels. With the last two week's price action, I'm leaning more towards the possibility of a H&S top failure and the continuation of the existing uptrend.
Read MoreThe 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 144.67. The gap above 151.4 was filled during short-term weakness. Breakdown below 152.6 levels can complete a short-term top and can become part of a reversion to the mean. Bearish chart pattern completions above the long-term averages are more prone to failure as they take place against the overall trend. Breach of the high of right shoulder at 158.5 can result in a H&S top failure and offer a long signal with the price target of 166 levels.
Read MoreThe 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 144.67. The gap above 151.4 was filled during short-term weakness. This week's sell-off tested the short-term support at 152.6 levels which is the neckline of a possible short-term H&S top. Breakdown below 152.6 levels can complete a short-term top and can become part of a reversion to the mean. Bearish chart pattern completions above the long-term averages are more prone to failure as they take place against the overall trend. Breach of the high of right shoulder at 158.5 can result in a H&S top failure and offer a long signal.
Read MoreBTCUSD forms is at its 60K support after breaking down channel boundary at 71.5K. ETH/BTC in a downtrend channel. Trend is once again favoring BTC over ETH. Short-term consolidations on alt coins completed on the downside, confirming downtrends.
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 144.14. The gap above 151.4 was filled during short-term weakness. Last week's sell-off tested the short-term support at 152.6 levels which is the level the ETF rebounded after filling the gap. There is no top reversal chart pattern on daily scale price chart. A possible short-term H&S top can develop if the ETF stalls at current levels and rolls over towards the support at 152.6. Such price action can form the right shoulder of a short-term H&S top. For now we can conclude that the uptrend is intact. Next short-term resistance is at 160 levels.
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