“Demystifying the world of Classical Charting”
– AKSEL KIBAR
SEARCHING THROUGH THOUSANDS OF CHARTS
As part of our member webinars, on the 8th of March 2018 we recorded a live webinar discussing ascending triangle patterns. During the Q&A session one of the Tech Charts members asked this question, “Do you actually search through hundreds of charts each week or do you use a software that alerts you to a breakout taking place across various markets?”
We have prepared an excerpt from the webinar. I hope that it will add value in your learning experience.
Our year anniversary is fast approaching. In May our Tech Charts quarterly and yearly membership rates will increase. If you’re interested in becoming a Tech Charts member, get in NOW before this increase takes place. As a reminder your membership rate is locked in for the life of your active subscription.
Tech Charts Membership
By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.
With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.
As a Premium Member of Aksel Kibar’s Tech Charts,
You will receive:
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Global Equities Report. Delivered weekly.
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Classical charting principles. Learn patterns and setups.
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Actionable information. Worldwide indices and stocks of interest.
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Risk management advice. The important trading points of each chart.
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Information on breakout opportunities. Identify the ones you want to take action on.
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Video tutorials. How patterns form and why they succeed or fail.
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Watch list alerts. As they become available so you can act quickly.
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Breakout alerts. Usually once a week.
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Access to everything (now and as it becomes available)o Reports
o Videos and video series -
Multi-part webinar course. You learn the 8 most common charting principles.
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Webinars. Actionable and timely advice on breaking out chart patterns.
For your convenience your membership auto renews each year.
Indecision. Jury is still out. This week's price action is best explained with the help of candlestick patterns definitions. Spinning top is a candlestick with a long upper shadow, long lower shadow, and small real body. One long shadow represents a reversal of sorts; spinning tops represent indecision. The small real body (whether hollow or filled) shows little movement from open to close, and the shadows indicate that both bulls and bears were active during the session. Even though the week opened and closed with little change, prices moved significantly higher and lower in the meantime. Neither buyers nor sellers could gain the upper hand and the result was a standoff. After a long advance or long white candlestick, a spinning top indicates weakness among the bulls and a potential change or interruption in trend. After a long decline (I think this is what we experienced over the past 3 weeks) or long black candlestick, a spinning top indicates weakness among the bears and a potential change or interruption in trend.
