The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is resuming its uptrend after completing the sideways consolidation, a symmetrical triangle. The upper boundary of a possible symmetrical triangle was breached at 95.9 levels. We can conclude that the uptrend is intact. Price objective stands at 102.7 levels. During any pullback 95.9 will act as support.
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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 & EUROPE equities. These charts will also be included in the weekly update.
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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is resuming its uptrend after completing the sideways consolidation, a symmetrical triangle. The upper boundary of a possible symmetrical triangle was breached at 95.9 levels. We can conclude that the uptrend is intact. Price objective stands at 102.7 levels. During any pullback 95.9 will act as support.
Read More
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is resuming its uptrend after completing the sideways consolidation, a symmetrical triangle. The upper boundary of a possible symmetrical triangle was breached at 95.9 levels. We can conclude that the uptrend is intact. Price objective stands at 102.7 levels.
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. These charts will also be included in the weekly update.
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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) possibly completed the sideways consolidation. The upper boundary of a possible symmetrical triangle was breached at 95.9 levels. We can conclude that the uptrend is intact. Breakout from the symmetrical triangle pushed the ETF towards the possible price objective at 102.7 levels.
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 EUROPE & ASIA equities. These charts will also be included in the weekly update.
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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is forming a sideways consolidation. Thursday's close challenged the upper boundary of a possible symmetrical triangle. We can conclude that the uptrend is intact. Breakout from the symmetrical triangle can push the ETF towards the possible price objective at 102.7 levels. As always the case with symmetrical triangles, the minor high will be a short-term hurdle.
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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is forming a sideways consolidation. The rebound on Friday was strong. I'm thinking that the current consolidation can morph into a symmetrical triangle. We can conclude that the uptrend is intact. It is important to note that price is testing the upper boundary of a long-term trend channel, a possible resistance area.
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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded from the minor low around 90.1 levels. There is a possibility of a H&S top forming at current levels that can be utilized in both directions. The possible right shoulder hasn't formed yet so it is early to call this a H&S top. Right now we can conclude that the uptrend is intact. If price stalls at current levels and rolls over in the following weeks, then we will consider the possibility of a H&S top. It is important to note that price is testing the upper boundary of a long-term trend channel, a possible resistance area.
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