Tech Charts Year in Review with Aksel – Thursday, May 19, 830 am mountain
Dear Tech Charts Members,
Tech Charts Year in Review. Aksel will compare the before and after of charts shared with Members over the last year. As always, we'll end the webinar with a live Q&A.
Scheduled for: Thursday, May 19, 2022, at 8:30 am mountain (register below)
Tech Charts Year in Review – Year Five
- A study on Chart Pattern Reliability with the available sample data over the past year.
- Rectangle has been a reliable chart pattern with the H&S variations. Examples and studies on those reliable patterns.
- Detailed statistics on different types of breakouts.
- The impact of different market cycles on chart pattern opportunities.
- Live Q&A
GLOBAL EQUITY MARKETS – May 14, 2022
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) remains below its 200-day average and the minor low at 91.7 levels. The 200-day average is currently at 98.5 levels. Breakdown below the minor low resumed the downtrend. 91.7 levels becomes the resistance. The weekly scale price chart formed a long lower shadow with this week's close and could be the first sign of a short-term bottom. There is no clear bottom reversal chart pattern on daily and weekly scale price charts.
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CRYPTOCURRENCIES – May 9, 2022
The last report on cryptocurrencies read make or break week for many crypto pairs. So many chart were at inflection points. These was a bullish case to be made if right shoulders developed on chart. On the other hand if they failed, there were many chart that were waiting to break down well-defined horizontal supports. Right shoulders never developed and many horizontal setups broke down. Charts below are an update on those developing downtrends and also additional fresh setups.
