JAPAN NIKKEI 225 INDEX FUTURES

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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, Japan’s NIKKEI 225 index is from the review section of the weekly report. It is featuring a possible 7 month-long cup & handle continuation that can breakout to all-time highs.

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CRYPTOCURRENCIES – January 7, 2024

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BTCUSD resumes its uptrend with forming short-term bullish continuation patterns. Next upward momentum can push price towards the upper boundary of trend channel between 47K-48K. ETHUSD reached its channel price target at 2,260 levels and now challenging the upper boundary of the possible rising wedge. Breakouts above the upper boundary of a rising wedge is usually followed by strong rallies.
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GLOBAL EQUITY MARKETS – January 6, 2024

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared both minor resistances at 97.4 and 99.5 levels. The ETF is clearly above its 200-day average and in a steady uptrend. Long-term H&S bottom price target stands at 109 levels. Breakout above 99.5 levels is now followed by a sideways consolidation between 102 and 99.5 levels. 97.4-99.5 area is the strong short-term support area. Failure to hold above 99.5 levels can push the ETF lower to the next support at 97.4 levels.

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INTERIM UPDATE – January 4, 2024

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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 up during the week and is worth bringing to your attention before the week finalizes. Below are the latest additions to Tech Charts watchlist. These charts will also be included in the weekly update.

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GLOBAL EQUITY MARKETS – December 30, 2023

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Dear Tech Charts Members,

Another year is behind us. I want to take this opportunity to Thank you all for being part of Tech Charts community. As Mark Twain said: “Continuous improvement is better than delayed perfection”. I aim for continuous improvement each and every day. I’m grateful for having you as members and part of our community. I look forward to serving you in the New Year with great chart pattern ideas, educational videos and with many more new interactive content.

I wish you all a healthy and successful New Year.

Regards,

Aksel Kibar, CMT

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared both minor resistances at 97.4 and 99.5 levels. The ETF is clearly above its 200-day average and in a steady uptrend. Long-term H&S bottom price target stands at 109 levels. Breakout above 99.5 levels is now followed by a sideways consolidation between 102 and 99.5 levels. 97.4-99.5 area is the strong short-term support area.

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NVIDIA CORP (NVDA.OQ)

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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, NVIDIA Corporation is from the watchlist section of the weekly report. It is featuring a possible 4 month-long rectangle that can breakout to all-time highs.

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CRYPTOCURRENCIES – December 24, 2023

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BTCUSD resumes its uptrend with forming short-term bullish continuation patterns. Next upward momentum can push price towards the upper boundary of trend channel between 47K-48K. ETHUSD reached its channel price target at 2,260 levels and now challenging the upper boundary of the possible rising wedge. Breakouts above the upper boundary of a rising wedge is usually followed by strong rallies.
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GLOBAL EQUITY MARKETS – December 23, 2023

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared both minor resistances at 97.4 and 99.5 levels. The ETF is clearly above its 200-day average and in a steady uptrend. Long-term H&S bottom price target stands at 109 levels. Breakout above 99.5 levels is resuming the uptrend towards the H&S bottom price target at 109 levels. During recent pullback 99.5 levels acted as short-term support. 97.4-99.5 area is the strong short-term support area.

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Review of Risk/Reward in Type 1 and Type 2 Breakouts – December 2023 Tech Charts Member Webinar

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Review of Risk/Reward in Type 1 and Type 2 Breakouts – December 2023 Tech Charts Member Webinar

Webinar Outline

  • Review of chart pattern statistics and discussion on chart pattern reliability covering the 4th quarter of 2023 and YTD numbers
  • Review of global equity markets and latest opportunities
  • Breakouts after a minimum 3 tests of pattern boundaries and what we can expect around breakout levels.
  • How to manage Type 1 and Type 2 breakouts in order to maximize the potential of a breakout
  • Member questions

Live Questions from Members

  1. Can you let me know your thoughts on the FTSE 250 chart? 51:29
  2. What is the outlook for DXY in the near term? 52:51
  3. When multiple breakouts occur simultaneously, how do you choose which ones to trade? 54:13
  4. When does Aksel choose to use the 1.5% breakout rule, over the 3% rule? Is there a specific criteria for 1.5% instead of 3%, or does the eye simply judge it? 54:56
  5. Could we have a view/comment on the current metal run, particularly Gold, Copper, and silver, and the bearish nature of the USD. 55:52
  6. Do you take all trades with a clear pattern or only take trades with a clear pattern and a minimum reward-to-risk ratio? 57:17
  7. Do you use a screen/filter to identify a shortlist of charts from which you eyeball for patterns? 58:47
  8. Regarding the pattern statistics: Have you considered organizing pattern success rates by Exchange? My assumption is that Turkey and Japan had much higher than average win rates this year, while the U.S. had much lower. If one can only trade a single region, they likely experience very different success rates and must adjust accordingly. 59:36
  9. ATR STOP is based on 30 day ATR * 3? 01:00:39
  10. Do you only highlight breakouts that will be above the 200 day m.a.? 01:00:56

Recorded live 12.14.2023

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Australia S&P ASX 50 Index (.AFLI)

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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, Australia S&P ASX 50 Index is from the review section of the weekly report. It is featuring a possible 2 year-long H&S continuation that can breakout to all-time highs.

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