CRYPTOCURRENCIES – June 8, 2025
BTCUSD tests the 109K horizontal resistance. Short consolidation below the resistance can form another bullish continuation chart pattern with potential higher price objectives. ETH starts outperforming BTC in the short-term.
GLOBAL EQUITY MARKETS – June 7, 2025
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) did a round trip after the sharp sell-off and reached its all-time highs around 124 levels. The fact that the ETF cleared its 200-day average and moved significantly above it can be analyzed long-term positive as pullbacks and consolidations are likely to find support above the 200-day. This week's strength cleared the horizontal resistance at 124. 120-124 area will act as support during any pullback. Outlook is positive for Global Equities.
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Tech Charts Year in Review – Year Eight, May 2025 Webinar
- A study on Chart Pattern Reliability with the available sample data over the past year.
- Statistically significant and reliable top 3 chart patterns, rectangle, ascending triangle and H&S continuation are covered in detail.
- Statistics on different types of breakouts.
- The impact of different market cycles on chart pattern opportunities.
- Live Q&A
- I understand the logic of 200dma for continuation patterns; however, reversal patterns, by definition, indicate trend reversal. Do you still use the 200dma for reversal patterns? If so, why? 55:56
- Regarding the testing results, are they considering an entry when the price closes above the pattern confirmation level and a stop loss when the price touches the pattern negation level? Or what are the specific criteria to define a winning and losing trade? 58:44
- Is it weekly or daily used for breakout confirmation? 1:00:35
- Follow-up to question ONE - Does this dramatically reduce the number of opportunities you take for reversal patterns? 1:02:18
