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  

 
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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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CUP WITH HANDLE (BULLISH CONTINUATION)

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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 and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section Teleflex Incorporated.

TELEFLEX INC (TFX) – new addition to watchlist

Teleflex Incorporated is a provider of medical technology products. The Company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The stock is listed on the New York Stock Exchange. Price chart formed a 6 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 410.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 422.00 levels will confirm the breakout from the 6 month-long cup & handle continuation with the possible chart pattern price target of 490.00 levels. The handle part of the cup & handle continuation can be identified as a possible ascending triangle that can act as a bullish continuation chart pattern. Breakout can push the stock to all-time highs. (Data as of Mar 9, 2021)

Tech Charts Membership

By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

Get Access Now

As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • Access to everything (now and as it becomes available)
    o Reports
    o Videos and video series
  • Multi-part webinar course. You learn the 8 most common charting principles.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now

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)

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RECTANGLE (BULLISH CONTINUATION)

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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 and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section Leggett & Platt, Incorporated.

LEGGETT & PLATT INC (LEG.N)

Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices and automobiles. The stock is listed on the New York Stock Exchange. Price chart formed a 5 month-long rectangle with the horizontal boundary acting as strong resistance at 45.40 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 46.70 levels will confirm the breakout from the 5 month-long rectangle with the possible chart pattern price target of 51.00 levels. (Data as of Mar 2, 2021)

Tech Charts Membership

By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

Get Access Now

As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • Access to everything (now and as it becomes available)
    o Reports
    o Videos and video series
  • Multi-part webinar course. You learn the 8 most common charting principles.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now

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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H&S TOP OR A FAILURE?

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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 and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section Trillium Therapeutics Inc.

TRILLIUM THERAPEUTICS INC (TRIL.O)

Trillium Therapeutics Inc is a Canada-based clinical stage immuno-oncology company developing therapies for the treatment of cancer. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 5 month-long head and shoulder top with the horizontal boundary (neckline) acting as strong support at 11.75 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close below 11.40 levels will confirm the breakdown from the 5 month-long head and shoulder top with the possible chart pattern price target of 7.16 levels. I’m also monitoring this chart pattern for a possible H&S failure. A breach above the right shoulder is required for the pattern negation and acting on this from the long side. 15.9 is the chart pattern negation level. (Learn more: Video Tutorial) (Data as of Feb 24, 2021)

 

Short educational video on H&S top failure

 

Tech Charts Membership

By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

Get Access Now

As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • Access to everything (now and as it becomes available)
    o Reports
    o Videos and video series
  • Multi-part webinar course. You learn the 8 most common charting principles.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now

GLOBAL EQUITY MARKETS – February 20, 2021

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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 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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