Entries by Aksel Kibar

CRYPTOCURRENCIES – June 26, 2022

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Did we see the bottom in cryptocurrencies or is it just another bear market rebound that will be followed by another leg down? Several pairs experienced rebounds from their minor lows. In this update I'm featuring those that are forming rectangles or possible double bottom reversals. Please bear in mind that prices are clearly below  their year-long averages and the trends are down. So any reversal pattern below the long-term averages will likely be choppy and might not produce a strong directional movement.

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GLOBAL EQUITY MARKETS – June 25, 2022

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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. The ETF is trying to recover above the minor low at 85.4 levels. Though this is so far more like a rebound in a downtrend. ACWI ETF has many resistances ahead. There is no bottom reversal chart pattern on daily and weekly scale price charts.

 

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CRYPTOCURRENCIES – June 19, 2022

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This is a quick update on the status of the major cryptocurrencies BTCUSD and ETHUSD. Both pairs have experienced major breakdowns. Question is: have we seen the bottoms on these two charts? I will issue a separate, detailed report on altcoins during the week.

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GLOBAL EQUITY MARKETS – June 18, 2022

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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. The ETF failed to hold above 85.4 levels. The 200-day average is currently at 96.6 levels. Global equities are in a downtrend. There are strong resistances ahead. I continue to monitor the ETF for a reversal chart pattern. Too early to call for a bottom reversal at this point. 85.4 becomes the new resistance.

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GLOBAL EQUITY MARKETS – June 11, 2022

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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. The ETF failed to hold above 91.7 levels. The 200-day average is currently at 97.1 levels. Global equities are in a downtrend. There are strong resistances ahead. I continue to monitor the ETF for a reversal chart pattern. Too early to call for a bottom reversal at this point. Short-term support stands at 85.4 levels.

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SANMINA CORP (SANM.O)

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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 […]

GLOBAL EQUITY MARKETS – June 4, 2022

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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. The ETF is trying to hold above the minor low at 91.7 levels. The 200-day average is currently at 97.5 levels. Global equities are rebounding in a downtrend. There are strong resistances ahead. I continue to monitor the ETF for a reversal chart pattern. Upward momentum can push the ETF towards the long-term average. Too early to call for a bottom reversal at this point.

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GLOBAL EQUITY MARKETS – May 28, 2022

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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. Friday's price action pushed the ETF above the minor low at 91.7 levels. The 200-day average is currently at 97.7 levels. Global equities are rebounding in a downtrend. There are strong resistances ahead. I continue to monitor the ETF for a reversal chart pattern. Upward momentum can push the ETF towards the long-term average. Too early to call for a bottom reversal at this point. I will continue to take breakout signals on individual equities that complete lengthy consolidations to new highs.

 

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Tech Charts Year in Review – Year Five, May 2022 Webinar

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Tech Charts Year in Review. Aksel compares the before and after of charts shared with Members over the last year followed by a live Q&A.

Tech Charts Year in Review – Year Five

  • A study on Chart Pattern Reliability with the available sample data over the past year.
  • Rectangle has been a reliable chart pattern with the H&S variations. Examples and studies on those reliable patterns.
  • Detailed statistics on different types of breakouts.
  • The impact of different market cycles on chart pattern opportunities.
  • Live Q&A

Live questions from Members

  1. SLIDE 5 - I only look for patterns that begin with a pivot point countering the preceding trend. However, I see on slide 5 that you've labeled the pattern beginning with two lower pivots after an uptrend. Am I being too rigid in defining my patterns? 50:55
  2. SLIDE 8 - In a Type 4 breakout, if the price reverses down and the negation level is hit, but the price then rebounds/recovers and breaks out again, why is the chart pattern destroyed? 52:20
  3. How is the breakout confirmation price calculated? 54:21 (Technical Analysis of Stock Trends, 5th Edition, Edwards and Magee) 
  4. In Peter Brandt's book "Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading," he described the average duration of some classic patterns; my question is: do you have your own durations for classic chart patterns, or is the average duration universal to all classic chart patterns? 55:35 (Diary of a Professional Commodity Trader, Peter L. Brandt) 
  5. Do you take profits once a chart reaches its target, or do you let the trade run until you see signs of reversals? 56:35
  6. How many concurrent positions do you recommend a breakout trader hold? I'm reading the Mark Minervini books from your reading list, and he recommends holding no more than 4 positions (non-margined) to 8 positions (fully margined). Do you recommend similarly? 57:40
  7. I just want to make sure I understand that 1. the success rate is calculated from subjectively identified inside pattern minor price points? and hence 2. the success rate showed here has nothing to do with my trading success rate because everyone's stop level can be different? so 3. if that's the case, what's the point of calculating the success rate here unless we all use that minor point inside the pattern as a stop level? 59:03

Recorded live 05.19.2022

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