GLOBAL EQUITY MARKETS – September 29, 2018
REVIEW
On Tuesday we had our members webinar and we discussed symmetrical triangles. We received very positive feedback from our members. A recorded version of the webinar will be uploaded on the website for our premium members. We will inform you via e-mail when it is on the Tech Charts website. During the Q&A section one of our members brought to my attention the possibility of labeling the symmetrical triangle chart pattern on the iShares MSCI All Country World Index ETF (ACWI.O) as an ascending triangle. Ascending triangle has a bullish bias when compared with a symmetrical triangle. Given that the price respected the horizontal resistance at 74.8, I labelled the chart below with the ascending triangle interpretation. It is important to note that Global equities performance as measured by the iShares MSCI All Country World Index ETF is going through an extreme low volatility period. Usually these type of low volatility periods are followed by strong directional movement. Price for the ACWI is still trading in a tight range between 70.8 and 74.8.
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GLOBAL EQUITY MARKETS – September 22, 2018
Reminder on Live Webinar
We are continuing our Member webinar series with another classical chart pattern; the symmetrical triangle. Live Webinar and Q&A with Aksel - Tuesday, September 25, 11am mountain. You can register here (Register for the Live Webinar)
REVIEW
Global equity markets performance as measured by the iShares MSCI All Country World Index ETF (ACWI.O) made another attempt this week to break out of its multi-month long sideways consolidations. The weekly close was at the high of the weekly candlestick. This week's price action is possibly a "secondary completion" of the symmetrical triangle chart pattern. Follow through in the following week can resume uptrend towards 2018 high levels.
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Live Webinar and Q&A with Aksel – Tuesday, September 25, 11am mountain
Dear Tech Charts Members,
(Register below)
We are continuing our Member webinar series with another classical chart pattern; the symmetrical triangle. Symmetrical triangle is a chart pattern with diagonal boundaries and it is a neutral chart pattern. It can form as a reversal as well as a continuation chart pattern. A symmetrical triangle forms due to the indecision between buyers and sellers. Over the past couple of months the Global Equity Markets report has featured great chart setups that were identified as well-defined symmetrical triangles.
Scheduled for: Tuesday, September 25th at 11am MST (register below)
The upcoming webinar is dedicated to a thorough discussion on this popular diagonal chart pattern.
- We will review some of those chart pattern breakouts that were featured in the Global Equity Markets report.
- We will review some of the failed breakouts and try to analyze what differentiates a successful breakout from a failed breakout.
- We will look at some of the developing symmetrical triangle chart pattern setups.
- We will continue to highlight Tech Charts members favorite symmetrical triangle setups in different equity markets. I would like to discuss and share some of the best classical chart patterns that members identified or those charts that members might have questions about.
- As usual we will have a member Q&A at the end of the webinar.
