BTCUSD cleared the horizontal resistance at 73.7K to new all-time highs. Clear breakout signal from the broadening pattern on weekly scale. Price is consolidating earlier gains. The weekly close was inside the consolidation range (91.2K-109K) and there is no breakdown confirmation at this stage.
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Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below chart, GATX CORP is from the watchlist section of the weekly report. It is featuring a possible H&S continuation that is ready for breakout after several tests of pattern boundary.
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded strongly from support area between 116.03 and 116.7. 123.58 acted as the short-term resistance. Uptrend is intact in Global Equities. Weakness towards the 200-day average and the horizontal support at 116.7 levels can increase the probability of a double top reversal. The ETF found short-term support at the year-long trend line.
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded strongly from support area between 116.03 and 116.7. The breach above 120.3 levels resulted in a H&S top failure and now resuming the uptrend. 123.58 acted as the next short-term resistance. Uptrend is intact in Global Equities. Weakness towards the 200-day average and the horizontal support at 116.7 levels can increase the probability of a double top reversal.
BTCUSD cleared the horizontal resistance at 73.7K to new all-time highs. Clear breakout signal from the broadening pattern on weekly scale. Price is consolidating earlier gains. A possible short-term consolidation is taking place between 109K and 91.2K. Monitoring the short consolidation on BTCUSD to understand if it will act as bullish continuation or top reversal.
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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded strongly from support area between 116.03 and 116.7. The breach above 120.3 levels resulted in a H&S top failure and now resuming the uptrend. 123.58 will act as the next short-term resistance. Uptrend is intact in Global Equities. There is no top reversal chart pattern at this stage on daily scale price chart.
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded strongly from support area between 115.68 and 116.7. The breach above 120.3 levels resulted in a H&S top failure and now resuming the uptrend. 123.58 will act as the next short-term resistance. Uptrend is intact in Global Equities. Higher low above the long-term average, following the Jan 25 retest of the 200-day average will be positive.
BTCUSD cleared the horizontal resistance at 73.7K to new all-time highs. Clear breakout signal from the broadening pattern on weekly scale. Price is consolidating earlier gains. A possible short-term consolidation is taking place between 109K and 91.2K. ETHUSD with possible H&S continuation in progress.
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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded strongly from support area between 115.1 and 116.7. The breach above 120.3 levels resulted in a H&S top failure and now resuming the uptrend. 123.58 will act as the next short-term resistance. Uptrend is intact in Global Equities.
Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below chart, Nikkei 225 Index futures is from the review section of the weekly report. It is featuring a possible ascending triangle continuation that is ready for breakout after several tests of pattern boundary.
