Entries by Aksel Kibar

GLOBAL EQUITY MARKETS – September 11, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is in an uptrend. The ETF has been trending higher in a channel on daily scale. Last week's push above the upper boundary of the trend channel was followed by this week's failure. Failure to hold above the upper boundary can result in a failed breakout and can be followed by a correction. Unless we see a sharp recovery above the upper boundary in the following week, I will weigh the possibility of a pullback towards the lower boundary of the trend channel around 100.5 levels. There is no reversal pattern on both daily and weekly scale price charts.

 

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INTERIM UPDATE (AMERICAS) – September 10, 2021

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I start my research on Mondays and finalize by end of day Thursday. Friday is dedicated to putting all ideas to the report format. During the week I come across good setups and those are featured in the weekly report. However, there are those that pop during the week and is worth bringing to your attention before the week finalizes. Below is the latest addition to Tech Charts watchlist from AMERICAS equities. This charts will also be included in the weekly update.

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Chart Pattern Reliability & Statistics – September 2021 Tech Charts Webinar

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Chart Pattern Reliability & Statistics - September 2021 Tech Charts Webinar

We continued our Member webinar series with chart pattern reliability and how the latest market conditions have impacted success rates on different chart patterns. What are the patterns that are robust in different types of market cycles?

 

Webinar Outline

  • Review of chart pattern statistics and discussion on chart pattern reliability
  • How to measure price objectives with bearish breakdowns
  • How to treat range-bound markets and take advantage of trading opportunities during well-defined ranges
  • Review of some of the latest breakout opportunities
  • Member Q&A

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GLOBAL EQUITY MARKETS – September 4, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is in an uptrend. The ETF has been trending higher in a channel on daily scale. This week's price action pushed the ACWI ETF above the channel (daily scale). Breakout above a rising trend channel can accelerate the uptrend. Failure to hold above the upper boundary can result in a failed breakout and can be followed by a correction. I will now start monitoring price action above the upper boundary of the rising trend channel. There is no reversal pattern on both daily and weekly scale price charts.

REMINDER: Live Webinar and Q&A with Aksel - Sunday, September 5th, 8:30 am mountain

Dear Tech Charts Members,

We are continuing our Member webinar series with chart pattern reliability and how the latest market conditions have impacted success rates on different chart patterns. What are the patterns that are robust in different types of market cycles? 

Scheduled for: Sunday, September 5th, 8:30 am mountain (register below)

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BULLISH CONTINUATIONS ON CRYPTOCURRENCIES

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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. We […]

CRYPTOCURRENCIES – August 31, 2021

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Several crypto currency pairs have completed short-term consolidations on the upside. Volatility was low. These short-term consolidations acted as bottom reversals. Previous resistance levels acted as support and they remain as critical levels to manage risk. In this update I'm reviewing several pairs that formed short-term consolidations after their breakouts. Those short-term consolidations can act as bullish continuation chart patterns; flag or pennant chart patterns.
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GLOBAL EQUITY MARKETS – August 28, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is in an upward sloping channel. The lower boundary of the channel is forming support at 100 levels. Support area remains between 95.9 and 100 levels. There is no clear top reversal chart pattern on daily and weekly scale price charts. This week the ETF tested the upper boundary of the trend channel on daily scale price chart. Volatility is low on daily scale and a breakout above the upper boundary can result in acceleration of the uptrend.

 

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CRYPTOCURRENCIES – August 22, 2021

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Several crypto currency pairs have completed short-term consolidations on the upside. Volatility was low. These short-term consolidations acted as bottom reversals. Previous resistance levels acted as support and they remain as critical levels to manage risk. In this update I'm adding two new breakout opportunities, though they are short-term chart patterns. On other pairs I'm reviewing existing price targets and recent price action.
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GLOBAL EQUITY MARKETS – August 21, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is in an upward sloping channel. The lower boundary of the channel is forming support at 100 levels. Support area remains between 95.7 and 100 levels. There is no clear top reversal chart pattern on daily and weekly scale price charts. This week the ETF reversed from the upper boundary of the trend channel on daily scale price chart.

 

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