YTD 2024 review with a focus on H&S continuation and Rectangles December – December 2024 Tech Charts Member Webinar
YTD 2024 review with a focus on H&S continuation and Rectangles December - December 2024 Tech Charts Member Webinar
Webinar Outline- Review of chart pattern statistics and discussion on chart pattern reliability covering the YTD numbers and 7-year historical stats 3:16
- Rectangle and H&S continuation chart patterns in focus
- Review of global equity markets and latest opportunities
- Review of opportunities in the cryptocurrency markets
- How to navigate the website 34:17
- Markets of Interest 45:59
- Q&A (questions that were submitted before the webinar) 1:02:54
- How to apply trailing stop-loss in a breakout 1:17:08
CRYPTOCURRENCIES – December 8, 2024
BTCUSD cleared the horizontal resistance at 73.7K to new all-time highs. Clear breakout signal from the broadening pattern on weekly scale. November's strong monthly close was a long-term bullish signal. ETHUSD breaks the upper boundary of its short-term consolidation at 2,800 levels and pushes above the year-long average though still hasn't cleared the 4,000 levels. Read More
GLOBAL EQUITY MARKETS – December 7, 2024
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared the horizontal resistance at 116.7 levels and possibly completed a 2 month-long cup & handle continuation with a price target of 128 levels. Strong support area for ACWI ETF is between 113.50 and 116.7. Short-term support is the horizontal pattern boundary at 116.7 levels. Uptrend is intact. The ETF continues to remain in a rising trend channel with higher highs and higher lows. Breakout above the minor high at 121.85 is resuming the uptrend towards the cup & handle price objective.
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