Archive for category: Premium

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is in an uptrend. Failure to hold above the upper boundary resulted in a failed breakout and is now followed by a correction towards the lower boundary of the trend channel at 101 levels. In case of a larger scale correction, strong support area will remain between 97.1 and 101 levels. 97.1 is also the upper boundary of the long-term trend channel that can be seen on weekly scale price chart.

Several crypto currency pairs have completed short-term consolidations on the upside. Volatility was low. These short-term consolidations acted as bottom reversals. Following the bottom reversals many pairs have experienced sharp corrections. Those corrections have pulled back to the year-long averages. I'm still trying to make sense of the current chart pattern developments. Clearly many short-term chart patterns are forming a bigger formation that will become clear with time. Read More

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.

REVIEW

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.

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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. Read More