FLAG AS A MEASURING PATTERN

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The flag forms on a mast, a nearly vertical price movement, either up or down. The length of the mast (in points) from the preceding congestion to the point where the Flag begins to form, will be found to indicate in by far the great majority of the cases the extent of the rapid price movement which proceeds from the last reversal point in the Flag. The price projection by using this half mast technique will give us the possible price target but does not call for a reversal of trend when the price objective is met.

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ISHARES MSCI ALL COUNTRY WORLD INDEX ETF

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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 and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the review section the iShares MSCI All Country World Index ETF (ACWI.O) as a measure of Global Equity Markets performance.

The benchmark for Global Equity Markets performance reversed from all-time highs at 81.4 levels. In the last quarter of 2019, the ACWI ETF experienced two important breakouts. One of them was clearing the horizontal resistance at 74.8 levels which completed a 2 year-long H&S continuation, the other one was to breakout above 2018 highs at 77.5 levels. Since mid-January (first news of coronavirus), the ETF has experienced sharp corrections. The first sell-off pulled the ETF towards 77.5 levels which was followed by a recovery to 81.4 levels. The rebound failed at the previous high and this time another sell-off followed, pulling the ETF back to previous resistance/support area between 74.8 and 77.5 levels.

The ACWI ETF will try to stabilize around the support area. It will be important for ACWI ETF to recover and stabilize above its 200-day average. Failure to do so can put the support at 74.8 in danger, resulting in a larger scale correction and a possible change in trend. It is important to note that the last candlestick on the weekly scale price chart includes two days of trading (Monday & Tuesday). The weekly candle can look much different by the end of the week.

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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.

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  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • 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.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

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RECTANGLE – BREAKOUT ALERTS

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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 and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the breakout section two rectangle breakout opportunities that are listed on U.S. Exchanges. The first chart is a breakout on a weekly scale and the second is a shorter-term duration chart pattern breakout taking place on a daily scale.

TANDEM DIABETES CARE INC (TNDM.O)

Tandem Diabetes Care, Inc. is a medical device company. The Company is engaged in designing, developing and commercializing products for people with insulin-dependent diabetes. The stock is listed on the Nasdaq Stock Exchange. Price chart formed an 8 month-long rectangle with the horizontal boundary acting as strong resistance at 74.0 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 77.0 levels confirmed the breakout from the 8 month-long rectangle with the possible chart pattern price target of 96.00 levels. Tight and lengthy consolidations like these can have 2x or even 3x price targets. 2x price target stands at 118 levels (not shown on the chart)

NEW SENIOR INVESTMENT GROUP INC (SNR)

New Senior Investment Group Inc. is a real estate investment trust with a diversified portfolio of primarily private pay senior housing properties located across the United States. The stock is listed on the New York Stock Exchange. Price chart formed a 3 month-long rectangle with the horizontal boundary acting as strong resistance at 8.10 levels. The daily close above 8.20 levels confirmed the breakout from the 3 month-long rectangle with the possible chart pattern price target of 8.70 levels.

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.

Get Access Now

As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • 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.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now

RECTANGLE – HORIZONTAL CHART PATTERN

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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 and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section a rectangle breakout opportunity that is listed on Australia Stock Exchange.

ATLAS ARTERIA GROUP (ALX.AX)

Atlas Arteria Group, formerly Macquarie Atlas Roads Group, is an Australia-based global infrastructure developer, operator and investor. The stock is listed on the Australia Stock Exchange. Price chart formed a 6 month-long rectangle with the horizontal boundary acting as strong resistance at 8.35 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 8.5 levels will confirm the breakout from the 6 month-long rectangle with the possible chart pattern price target of 9.3 levels. Data as of Feb 11, 2020. Please note that the last weekly candlestick includes only two days of trading. Below you can also find the daily scale price chart.

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.

Get Access Now

As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • 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.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now

SYMMETRICAL TRIANGLE – DIAGONAL CHART PATTERN

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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 and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the breakout section a symmetrical triangle. Breakout signal was confirmed few weeks back and since then the stock has possibly completed a pullback. This chart is a good example to discuss the dynamics of breakouts from diagonal chart patterns. Below you will also find a short educational video on how breakouts can develop after completing symmetrical triangle chart patterns.

LABORATORY CORPORATION OF AMERICA HOLDINGS (LH)

Laboratory Corporation of America Holdings is a life sciences company that is integrated in guiding patient care, providing clinical laboratory and end-to-end drug development services. The Company operates as a healthcare diagnostics company. The stock is listed on the New York Stock Exchange. Price chart formed a 5 month-long symmetrical triangle with the upper boundary acting as strong resistance at 174.00 levels. Both boundaries were tested several times over the course of the chart pattern. The daily close above 179.00 levels confirmed the breakout from the 5 month-long symmetrical triangle with the possible chart pattern price target of 194.00 levels. The chart below is an update with the latest data from 03/02/2020.

A SHORT EDUCATIONAL VIDEO ON SYMMETRICAL TRIANGLES

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.

Get Access Now

As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • 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.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now

DESCENDING TRIANGLE – SHORT SETUP

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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 and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section a bearish descending triangle that is completing on the downside. Descending triangle is a bearish chart pattern with a downward sloping upper boundary. Trading in the first two days of the week confirmed the breakdown from the 14 month-long bearish continuation chart pattern.

ANA HOLDINGS INC (9202.T)

ANA HOLDINGS INC. is a Japan-based holding company principally engaged in the aviation business. The stock is listed on the Tokyo Stock Exchange. Price chart formed a 14 month-long descending triangle with the horizontal boundary acting as strong support at 3,525.0 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close below 3,455.0 levels confirmed the breakdown from the 14 month-long descending triangle with the possible chart pattern price target of 3,025.0 levels. Data as of 28/01/2020. Please note that the last bar on the weekly scale price chart includes two days of trading.

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.

Get Access Now

As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • 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.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now

RECTANGLE CHART PATTERN BREAKOUTS

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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 and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the breakouts section some of the text-book rectangle chart pattern breakouts. Rectangle is one of my favorite classical chart pattern. It has well-defined boundaries. It is easier to identify on price charts. Usually before the breakout takes place price has several tests of the chart pattern boundary. Breakouts after several tests of pattern boundary are usually powerful and are followed by strong trends.

A quick note for our new followers; the red lines on price charts are not provided as stop-loss levels. While they can be used as stop-loss, they are actually a subjective level for chart pattern negation. Chart pattern negation is different than a stop-loss. A stop-loss can be placed below the chart pattern boundary tighter or wider depending on your risk profile and other factors. I attached below a chart that explains each labeling on price charts.

TE CONNECTIVITY LTD (TEL)

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. The stock is listed on the New York Stock Exchange. Price chart formed a 8 month-long ascending triangle with the horizontal boundary acting as strong resistance at 97.0 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 100.0 levels confirmed the breakout from the 8 month-long ascending triangle with the possible chart pattern price target of 110.0 levels.

INTERCONTINENTAL EXCHANGE INC (ICE)

Intercontinental Exchange, Inc. is an operator of regulated exchanges, clearing houses and listings venues. The Company provides data services for commodity and financial markets. The stock is listed on the New York Stock Exchange. Price chart formed a 4 month-long rectangle with the horizontal boundary acting as strong resistance at 95.50 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 96.50 levels confirmed the breakout from the 4 month-long rectangle with the possible chart pattern price target of 101.70 levels.

BAE SYSTEMS PLC (BAES.L)

BAE Systems plc is a defense, aerospace and security company. The stock is listed on the London Stock Exchange. Price chart formed a 5 month-long rectangle with the horizontal boundary acting as strong resistance at 588.0 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 600.0 levels confirmed the breakout from the 5 month-long rectangle with the possible chart pattern price target of 645.0 levels.

What each labeling on price charts stand for:

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.

Get Access Now

As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • 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.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now

TE CONNECTIVITY LTD (TEL)

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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 and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section a rectangle chart pattern opportunity, listed on the New York Stock Exchange.

Both the weekly and daily scale price charts are featured below.

TE CONNECTIVITY LTD (TEL)

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. The stock is listed on the New York Stock Exchange. Price chart formed an 8 month-long rectangle with the horizontal boundary acting as strong resistance at 97.0 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 100.0 levels will confirm the breakout from the 8 month-long rectangle with the possible chart pattern price target of 110.0 levels. (Data as of 13/01/2020) Last candlestick of the weekly scale price chart includes only one trading session (Monday).

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.

Get Access Now

As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • 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.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now

Short-Term Chart Patterns Tech Charts Webinar

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Please enjoy this Tech Charts Member webinar recorded live December 12, 2019

Short-Term Chart Patterns - December 2019 Tech Charts Webinar

This webinar is a discussion on chart patterns that develop and complete on a short-term time frame, in the duration between 1 month to 3 months.

Webinar Outline

  • We will review some of those chart pattern breakouts that were featured in the Global Equity Markets report
  • We will review some of the conditions that are required for successful completion of different chart patterns both on daily and weekly time frame
  • We will look at some of the developing chart patterns
  • We will have a member Q&A at the end of the webinar

Live questions from Members  

  1. Do you use MA or EMA? 50:33
  2. I wanted to check if it is possible for you to include in your weekly report a performance of setup of your charts? 51:02 (Webinar mentioned A review of the most reliable chart patterns Tech Charts Global Equity Markets report featured over the past two years – September 2019 Tech Charts Webinar)
  3. Can the ascending or descending triangle be trend reversal patterns? 51:37
  4. Can you discuss success rates for weekly setups vs. daily? 52:37
  5. If the handle is a bit above the cup is the breakout level above the cup or above the handle? 53:48
  6. When you post a breakout alert on the website, is the red number dotted line a negation level or your initial stop loss? 54:17
  7. What's the ATR setting you use and do you check and adjust stops on a daily basis? 54:45 (Helpful link ATR Trailing Stop-Loss – H&S Top)
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STEPAN CO (SCL)

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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 and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section an ascending triangle chart pattern opportunity, listed on the New York Stock Exchange. Stepan Company was featured before as part of Breakout Alerts when the stock completed the 28 month-long rectangle. However since then, price formed another sideways consolidation above the horizontal support (upper boundary of the rectangle). The chart pattern is possibly an ascending triangle (bullish continuation) that can resume the existing uptrend.

Below you can also find a short educational video explaining how several bullish chart patterns can form during a steady uptrend.

STEPAN CO (SCL)

Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a range of end products. The stock is listed on the New York Stock Exchange. Price chart formed a 4 month-long ascending triangle with the horizontal boundary acting as strong resistance at 100.5 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 102.0 levels will confirm the breakout from the 4 month-long ascending triangle with the possible chart pattern price target of 110.0 levels. Breakout can push the stock to all-time highs.

A short educational video explaining formation of several bullish chart patterns in an uptrend

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.

Get Access Now

As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • 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.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now