CRYPTOCURRENCIES – September 12, 2021
Several crypto currency pairs have completed short-term consolidations on the upside. Volatility was low. These short-term consolidations acted as bottom reversals. Following the bottom reversals many pairs have experienced sharp corrections. Those corrections have pulled back to the year-long averages. I'm still trying to make sense of the current chart pattern developments. Clearly many short-term chart patterns are forming a bigger formation that will become clear with time. Read More
GLOBAL EQUITY MARKETS – September 11, 2021
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is in an uptrend. The ETF has been trending higher in a channel on daily scale. Last week's push above the upper boundary of the trend channel was followed by this week's failure. Failure to hold above the upper boundary can result in a failed breakout and can be followed by a correction. Unless we see a sharp recovery above the upper boundary in the following week, I will weigh the possibility of a pullback towards the lower boundary of the trend channel around 100.5 levels. There is no reversal pattern on both daily and weekly scale price charts.
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INTERIM UPDATE (AMERICAS) – September 10, 2021
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 AMERICAS equities. This charts will also be included in the weekly update.
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