GLOBAL EQUITY MARKETS – December 19, 2020

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its uptrend after completing a rectangle chart pattern. Possible chart pattern price target stands at 91 levels. This week's price action came close to the price objective. On the weekly scale price chart the ETF is also close to the upper boundary of the long-term uptrend channel. During any pullback 84.15 will act as support. The 200-day moving average, which I utilize as a trend filter, is rising as well, now at 79.7 levels.

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INTERIM UPDATE – December 16, 2020

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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 are latest additions to Tech Charts watchlist in case they experience breakouts during the week. These charts will also be included in the weekly update.

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GLOBAL EQUITY MARKETS – December 12, 2020

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its uptrend after completing a rectangle chart pattern. Breakout took place above 84.15, the upper boundary of the rectangle which is now a short-term support. Possible chart pattern price target stands at 91 levels. During any pullback 84.15 will act as support. The 200-day moving average, which I utilize as a trend filter, is rising as well, now at 79.2 levels. There is no reversal chart pattern on the daily price chart.

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Chart Pattern Statistics, H&S continuation and H&S failures – December 2020 Tech Charts Webinar

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Chart Pattern Statistics, H&S continuation and H&S failures - December 2020 Tech Charts Webinar

We are continuing our Member webinar series with several important and frequently asked topics. Given that the topics are different concepts in technical analysis/classical charting and trading, each section will have a +/- 10 min presentation followed by Q&A on that section.

Webinar Outline
  • Review of chart pattern statistics and discussion on chart pattern reliability / Q&A
  • Current market conditions and review of major benchmarks/important chart pattern developments / Q&A
  • A frequently asked chart pattern, H&S continuation and review of H&S failures and how to trade them / Q&A
  • A typical day for me, the daily routine, selection of markets, review and research tips / Q&A
  • Additional Q&A
Live questions from Members Concept One 2:30
  1. No Questions 
Concept Two 16:45
  1. I wanted to know more about log scale and how to set targets using it. For instance, I have seen some chartist giving two targets for H&S, one for each scale. 28:44
  2. Where do you usually set your "stop loss" in the H&S bottom/continuation? Is it the negation level, or do you use other criteria? 30:35
  3. Do you use the 200 SMA or Exponential & why? Any other moving average you use? 32:11
  4. Could you provide another example or two for setting the H&S target? Do we measure from the neckline to the bottom of the lowest candle body in the head, or to a wick? 33:31
  5. Do you always get out of 100% of your trade when it gets to its objective? Or do you switch to a trailing stop? 33:47
Link of interest Concept Three 34:15
  1. On the last chart, it didn't look the H&S pattern had been completed by breaching the neckline, so why is it a H&S failure? (Possibly page 17 or 18.) 49:09
  2. How did you calculate the H&S failure price target on page 19? 50:21
  3. In the H&S bottom with NON-Horizontal neckline (neckline with slope), how do you measure the price target? 51:03
  4. If you wait for the closing price for the breakout signal, how do you decide the trigger price? 51:38
  5. Are you discounting the validity of vertical necklines against the horizontal ones? 52:35
  6. How do you handle spindles? By using Stop Close Only orders? 53:28
  7. If a stocks breaks down and then reverses and goes above the right shoulder, is that a H&S failure? 54:26
Concept Four 55:05
  1. In this BTC Monthly chart, in the log scale, do you see "Cup & Handle" with a neckline at $13,880? 1:05:00
  2. How do you look at Netflix now? 1:06:16
  3. How did you set the target about the sym triangle in slide 30? from the first point? 1:06:53
  4. Do you ever take any help from any indicator while identifying the chart patterns? 1:07:32
  5. Please check GH & KO in you have time 1:08:35
  6. With weekly patterns the chart validation points usually have much wider risk; what % of NAV risk for each position do you use for weekly and what for daily patterns breakouts? 1:08:44
Concept Five 1:11:33
  1. In the US Marker review, for example, I am assuming you are not going chart by chart and have a certain criteria "as starting point" to pick your charts. Do you mind sharing your criteria (if any)? 1:16:24  
  2. Vacation? 1:17:49
  3. Can you explain a bit more about how you use volatility to identify possible patterns? I'm not sure how you review so many stocks! 1:18:05
  4. Do you scan charts by industry? 1:20:14
  5. Do you enter orders during 1 hour before the close? 1:20:41
  6. Would you elaborate a bit further about cases that you can open a position intraday, and do you keep stops during weekends? 1:21:20 
Additional questions 1:23:44
  1. The filter I find useful is the MA 18 weekly rather EMA 200 . What do you think about it? 1:23:45
  2. Could you suggest about position size strategy? 1:24:27
  3. I know you previously mentioned about sending a report on Chinese stocks. Are you still planning to do so - thanks for all you do. 1:25:17
  4. Aren't Keltner channels more useful than Bollinger bands? After all, Keltner is based on ATRs -- actual price ranges, not just the moving average close which Bollinger uses? 1:25:42
  5. Do you think the volume of stocks is relevant for the pattern success ratio? 1:26:31
Link of interest Recorded live 12.03.2020   Read More

GLOBAL EQUITY MARKETS – December 5, 2020

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Announcement:

Dear Tech Charts Members,

We had our member webinar on Thursday Dec 3rd. If you couldn't attend the live webinar, a recording will be available in the next few days. All members webinars and educational videos are posted under the page Educational Videos. Once it is uploaded to the page we will send an e-mail notification. Please feel free to ask any questions by e-mailing aksel@techcharts.net

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its uptrend after completing a rectangle chart pattern. Breakout took place above 84.15, the upper boundary of the rectangle which is now a short-term support. Possible chart pattern price target stands at 91 levels. During any pullback 84.15 will act as support. The 200-day moving average, which I utilize as a trend filter, is rising as well, now at 78.7 levels.

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GLOBAL EQUITY MARKETS – November 28, 2020

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Announcement:

Dear Tech Charts Members,

We are continuing our Member webinar series with several important and frequently asked topics. In the following webinar, we will follow a similar approach as the last webinar. Given that the topics are different concepts in technical analysis/classical charting and trading, each section will have a +/- 10 min presentation followed by a Q&A on that section.

Scheduled for: Thursday, December 3rd, 8:30 am mountain (register below)

Webinar Outline
  • Review of chart pattern statistics and discussion on chart pattern reliability
  • Current market conditions and review of major benchmarks/important chart pattern developments
  • A frequently asked chart pattern, H&S continuation and review of H&S failures and how to trade them
  • A typical day for me, the daily routine, selection of markets, review and research tips.

Regards,

Aksel Kibar, CMT

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Live Webinar and Q&A with Aksel – Thursday, December 3rd, 8:30 am mountain

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Dear Tech Charts Members,

We are continuing our Member webinar series with several important and frequently asked topics. In the following webinar, we will follow a similar approach as the last webinar. Given that the topics are different concepts in technical analysis/classical charting and trading, each section will have a +/- 10 min presentation followed by a Q&A on that section.

Scheduled for: Thursday, December 3rd, 8:30 am mountain (register below)

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GLOBAL EQUITY MARKETS – November 21, 2020

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) held on to its gains after completing a possible rectangle chart pattern. Breakout took place above 84.15, the upper boundary of the rectangle which is now a short-term support. Possible chart pattern price target stands at 91 levels. During any pullback 84.15 will act as support.

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GLOBAL EQUITY MARKETS – November 14, 2020

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) completed the short-term consolidation, possibly a bullish rectangle, on the upside . Breakout took place with a gap opening. Following the breakout the price pulled back to the support at 84.15 levels and rebounded. Price objective for the rectangle stands at 91 levels. During any pullback 84.15 will act as support.

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GLOBAL EQUITY MARKETS – November 7, 2020

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded from strong support area formed by the minor low and the 200-day average. The ETF is now testing previous highs at 84.15 levels that is acting as resistance. I'm weighing the possibility of the last 2 month's consolidation acting as  a bullish continuation chart pattern. While a breakout might not take place immediately, a breach and a daily close above 84.15 will suggest higher levels, possibly a chart pattern price objective at 91 levels. Until a breakout takes place, the ETF can remain range-bound between 77 and 84.15 levels.

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