BREAKOUT ROOM MONDAY 10th of March 10:00 AM EST – LIVE MEETING, CHARTS Q&A

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BREAKOUT ROOM Monday 10th of March 10:00 AM EST – LIVE MEETING, CHARTS Q&A

Meeting Outline

  • Q&A on charts of your interest

Tech Charts Members,

This is our first Breakout Room meeting to discuss chart of your interest. I will share my screen and will pull up chart of your request and review patterns and opportunities from the perspective of classical charting principles. Let’s give it a try and if we find it useful we will make it a recurring event. Meeting will be recorded and posted on member website.

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GLOBAL EQUITY MARKETS – March 8, 2025

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REVIEW

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 is possibly looking for direction above the year-long average. If the developing pattern is a double top, the neckline at 115 levels will be the level to monitor for a breakdown confirmation.

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CRYPTOCURRENCIES – March 3, 2025

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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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GATX CORP (GATX.K)

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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.

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GLOBAL EQUITY MARKETS – March 1, 2025

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REVIEW

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.

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GLOBAL EQUITY MARKETS – February 22, 2025

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REVIEW

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.

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CRYPTOCURRENCIES – February 16, 2025

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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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GLOBAL EQUITY MARKETS – February 15, 2025

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REVIEW

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.

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GLOBAL EQUITY MARKETS – February 8, 2025

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REVIEW

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.

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CRYPTOCURRENCIES – February 2, 2025

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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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