GLOBAL EQUITY MARKETS – April 22, 2023

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

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

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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GLOBAL EQUITY MARKETS – April 8, 2023

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. The ETF might be completing the right shoulder of a multi-month long H&S bottom reversal. There has been several tests of the horizontal resistance at 93.3 levels.

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How To Utilize Support & Resistance in Different Trade Setups – March 2023 Tech Charts Webinar

How To Utilize Support & Resistance in Different Trade Setups - March 2023 Tech Charts Webinar

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. Webinar Outline
  • Review of chart pattern statistics and discussion on chart pattern reliability covering the first quarter of 2023
  • Review of global equity markets and latest opportunities
  • Support and Resistance levels & actionable breakout/breakdown points on each classical chart pattern that is covered under Educational Videos
  • Education/analysis of fine points on classical charting as we go through different charts/questions
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CRYPTOCURRENCIES – April 2, 2023

Cryptocurrency markets are taking their time to accelerate/start new trends.

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GLOBAL EQUITY MARKETS – April 1, 2023

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 this week's strong rally above the 200-day average, I'm weighing the possibility of a large scale H&S bottom reversal with the neckline standing at 93.3 levels. The ETF might be completing the right shoulder of a multi-month long H&S bottom reversal.

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Live Webinar and Q&A with Aksel – Wednesday, March 29, 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. We plan to have an interactive session and an open discussion to answer members' questions on different markets and specific charts of interest. Please send your charts and questions to aksel@techcharts.net, and I will add them to the webinar discussion points. Scheduled for: Wednesday, March 29, 8:30 am mountain (register below) Read More

GLOBAL EQUITY MARKETS – March 25, 2023

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. Clearly price action is morphing and on the daily and weekly scale price charts of ACWI ETF there is no clear chart pattern development. Short-term support stands at 83.7 levels. Recovery above the 200-day average can help the ETF test the resistance at 93.3 levels.

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CRYPTOCURRENCIES – March 19, 2023

Strong breakouts on major pairs and possible base building on several altcoins.

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