Tech Charts Year in Review with Aksel – Wednesday, May 24, 830 am mountain

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Dear Tech Charts Members, Tech Charts Year in Review. Aksel will compare the before and after of charts shared with Members over the last year. As always, we'll end the webinar with a live Q&A. Scheduled for: Wednesday, May 24, 2023, at 8:30 am mountain (register below) Tech Charts Year in Review – Year Six  
  • A study on Chart Pattern Reliability with the available sample data over the past year.
  • H&S continuation has been the most reliable chart pattern over the past year. Rectangle continued to be in the top 3 reliable chart patterns.
  • Detailed statistics on different types of breakouts.
  • The impact of different market cycles on chart pattern opportunities.
  • Live Q&A
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GLOBAL EQUITY MARKETS – May 20, 2023

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction. After the 4th test of the strong horizontal resistance at 93.3 levels price pulled back to the 200-day average and rebounded. The last pullback can be the handle of a 3 month-long cup & handle continuation chart pattern that can increase the bullish conviction of the larger scale H&S bottom chart pattern. Breakout above 93.3 levels will be very positive for Global equities. The short-term range is between the 200-day average and the horizontal resistance at 93.3 levels. Cup with handle price target stands at 101 and the larger scale H&S bottom reversal price target is at 109 levels. Consolidation right below the resistance is usually a good sign for a pending breakout.

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CRYPTOCURRENCIES – May 15, 2023

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Pullbacks on BTC and ETH reached strong support levels. Further corrections can put the bullish interpretations in question.

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GLOBAL EQUITY MARKETS – May 13, 2023

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction. After the 4th test of the strong horizontal resistance at 93.3 levels price pulled back to the 200-day average and rebounded. The last pullback can be the handle of a 3 month-long cup & handle continuation chart pattern that can increase the bullish conviction of the larger scale H&S bottom chart pattern. Breakout above 93.3 levels will be very positive for Global equities. The short-term range is between the 200-day average and the horizontal resistance at 93.3 levels. Cup with handle price target stands at 101 and the larger scale H&S bottom reversal price target is at 109 levels. Consolidation right below the resistance is usually a good sign for a pending breakout.

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GLOBAL EQUITY MARKETS – May 6, 2023

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction. After the 4th test of the strong horizontal resistance at 93.3 levels price pulled back to the 200-day average and rebounded. The last pullback can be the handle of a 3 month-long cup & handle continuation chart pattern that can increase the bullish conviction of the larger scale H&S bottom chart pattern. Breakout above 93.3 levels will be very positive for Global equities. The short-term range is between the 200-day average and the horizontal resistance at 93.3 levels. Cup with handle price target stands at 101 and the larger scale H&S bottom reversal price target is at 109 levels.

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CRYPTOCURRENCIES – April 30, 2023

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Several altcoins are still in well-defined consolidations. BTC and ETH volatile but trends are intact.

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GLOBAL EQUITY MARKETS – April 29, 2023

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction. After the 4th test of the strong horizontal resistance at 93.3 levels price pulled back to the 200-day average and rebounded. The last pullback can be the handle of a 3 month-long cup & handle continuation chart pattern that can increase the bullish conviction of the larger scale H&S bottom chart pattern. Breakout above 93.3 levels will be very positive for Global equities. The short-term range is between the 200-day average and the horizontal resistance at 93.3 levels.

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GLOBAL EQUITY MARKETS – April 22, 2023

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction. So far price action has been volatile around the 200-day average. This week is the 4th test of the strong horizontal resistance at 93.3 levels. If the ETF pulls back to the 200-day average once again, it might form a short-term cup & handle that can increase the bullish conviction of the chart pattern. Breakout above 93.3 levels will be very positive for Global equities. The short-term range is between the 200-day average and the horizontal resistance at 93.3 levels.

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CRYPTOCURRENCIES – April 16, 2023

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Several altcoins are still in well-defined consolidations. BTC and ETH trend towards price objectives.

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GLOBAL EQUITY MARKETS – April 15, 2023

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction. So far price action has been volatile around the 200-day average. After last week's strong rally above the 200-day average, I started weighing the possibility of a large scale H&S bottom reversal with the neckline standing at 93.3 levels. This week is the 4th test of the strong horizontal resistance at 93.3 levels. If the ETF pulls back to the 200-day average once again, it might form a short-term cup & handle that can increase the bullish conviction of the chart pattern.

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