4 Types of Breakouts and How To Trade Them – March 2021 Tech Charts Webinar

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4 Types of Breakouts and How To Trade Them - March 2021 Tech Charts Webinar We are continuing our Member webinar series with the types of breakouts a chart pattern can experience. In the following webinar, we will review the 4 types of breakouts that chart patterns experience and how to manage each one. Webinar Outline
  • Review of chart pattern statistics and discussion on chart pattern reliability
  • 4 types of breakouts and examples on each breakout situation
  • How to manage open trades with each type of breakout
  • 4 types of breakouts (hard re-test, re-test, failed breakouts, breakouts without any pullback)
  • Review of latest chart pattern setups
  • Member Q&A
Live questions from Members Question 1: When you post ideas on Twitter, where can I find them on the member's site? 56:21 Question 2: Do you use stops and how do you set them? Also, would you look at trailing stops to exit a position? 57:12 (LINK: ATR Trailing Stop-Loss - H&S Top) Question 3: Do you invest in any volatility futures, Aksel? If so, what is your strategy in terms of technical analysis since even the futures themselves could be extremely volatile? Can this be covered in the Tech Charts report? 57:44  Question 4: Is the Rectangle pattern similar to a Flag pattern? 58:35 Question 5: Which broker do you use that provides you to trade HK, Canada, South Africa, and Turkey stocks? 59:04 Question 6: You showed in a weekly chart that for H&S top failed breakdown, exceeding the negation level is enough, or don't you prefer to see the weeks closing in order to be sure it's a failed breakdown as you prefer for daily charts? 59:59 Question 7: How do you decide on the price level of horizontal lines? To be more specific, in the daily scale of a chart, let's say if 5 bars are reaching the bottom horizontal line of a rectangle pattern, and all their close and low price levels are different even though the prices so close to each other, how do you decide on the bottom horizontal lines price level? Do you consider the lowest closing price level or average or median of lows, etc? 01:01:06 Question 8: Do you use the gap strategy in your trades? If so, do you have success percentage of those (for the price coming back to the level of the gap)? 01:01:53 Question 9: Could you give your opinion on Silver futures or SLV at this time? 01:02:38 Question 10: Does using a trailing stoploss create problems during pullback? How do you deal with that? 01:03:04 Question 11: The double bottoms that keep forming in various charts do they qualify as eve & eve or eve & adam? Would they qualify for bottom reversals or continuations? Can you explain them in comparison to cup & handle? 01:04:05 Question 12: Do you use cycle analyses in selecting stocks? 01:05:22 Recorded live 03.11.2021     Read More

GLOBAL EQUITY MARKETS – March 13, 2021

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) failed to hold above the existing uptrend line. The last time the ETF tried to reverse the ongoing trend was in January. The recent pullback came close to January minor low at 90.1. For the time being we can say that the ETF found support at the minor low and rebounded. 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 week, then we will consider the possibility of a H&S top.

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INTERIM UPDATE (EUROPE & US) – March 10, 2021

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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  EUROPE & AMERICAS equities. These charts will also be included in the weekly update.

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GLOBAL EQUITY MARKETS – March 6, 2021

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) failed to hold above the existing uptrend line. The last time the ETF tried to reverse the ongoing trend was in January. The recent pullback came close to January minor low at 90.1. We are possibly in a reversion to the mean stage where the ETF can pullback towards the 200-day average similar to Sep-Oct period. For the time being we can say that the ETF found support at the minor low for a possible rebound. It could be still early to bring this possibility to your attention but I will monitor the ACWI ETF for a possible H&S top. The ETF might rebound to form the right shoulder of a possible H&S top.

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Live Webinar and Q&A with Aksel – Thursday, March 11th, 8:30 am mountain

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Dear Tech Charts Members, We are continuing our Member webinar series with the types of breakouts a chart pattern can experience. In the following webinar, we will review the 4 types of breakouts that chart patterns experience and how to manage each one. Scheduled for: Thursday, March 11th, 8:30 am mountain (register below) Read More

GLOBAL EQUITY MARKETS – February 27, 2021

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) failed to hold above the existing uptrend line. The last time the ETF tried to reverse the ongoing trend was in January. That pullback rebounded from the trend line support and resulted in a another attempt to reach new all-time highs. Friday's close was weak and it was below the arguable (because I think trend lines, diagonal boundaries are more prone to failure) trend line support. The ETF is also at the upper boundary of a long-term trend channel. We are possibly entering into a reversion to the mean stage where the ETF can pullback towards the 200-day average similar to Sep-Oct period.

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GLOBAL EQUITY MARKETS – February 20, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its uptrend inside the past 2 months trend channel. It is important to note that price is at the upper boundary of the long-term trend channel, a possible resistance area. Breakout above the upper boundary can resume the uptrend with increased momentum. There is no clear reversal chart pattern on the daily scale price chart. Uptrend is intact. I will monitor the daily scale price chart for a possible reversal chart pattern.

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GLOBAL EQUITY MARKETS – February 13, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its uptrend inside the past 2 months trend channel. It is important to note that price is at the upper boundary of the long-term trend channel, a possible resistance area. Breakout above the upper boundary can resume the uptrend with increased momentum. There is no clear reversal chart pattern on the daily scale price chart. Uptrend is intact. I will monitor the daily scale price chart for a possible reversal chart pattern.

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INTERIM UPDATE (OIL & GAS EQUIPMENTS) – February 12, 2021

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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 equities. In the weekly report you will find few more Energy, Oil & Gas setups. This one is a great setup and I want to bring it to your attention before the market closes. This chart will also be included in the weekly update.

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GLOBAL EQUITY MARKETS – February 6, 2021

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) had a short-term bear trap after breaching the lower boundary of the past 2 months uptrend at 92 levels. The ETF quickly recovered inside the trend channel and tested the minor high at 94.5 levels. The uptrend remains intact. It is important to note that price is at the upper boundary of the long-term trend channel, a possible resistance area. The 200-day moving average and the upper boundary of the previous short-term consolidation are forming support between 83.2 and 84.15 levels. Following week I will monitor how the ETF performs at the minor high. If it finds resistance at 94.5, it can retrace back to the minor low at 90 levels.

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