GLOBAL EQUITY MARKETS – March 30, 2024
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its long-term H&S bottom price target at 109 levels. The ETF earlier completed a bullish flag which has helped the uptrend resume higher. The ETF formed a tight uptrend channel and the price remains inside the channel. There is no top reversal chart pattern at this stage. Uptrend is intact. During any sharp pullback 106.8-102.3 area can act as support.
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Review of Chart Pattern Reliability Stats for 2023 and YTD 2024 – March 2024 Tech Charts Member Webinar
Review of Chart Pattern Reliability Stats for 2023 and YTD 2024 - March 2024 Tech Charts Member Webinar
Webinar Outline- Review of chart pattern statistics and discussion on chart pattern reliability covering the YTD numbers, 2023 and 7 year historical stats
- Review of global equity markets and latest opportunities
- Review of opportunities in the cryptocurrency markets
- Q&A
Live Questions from Members
- H&S continuation, can you walk through an example? 56:00
- What is the assumed stop loss used in the calculated success rates? If the success rate is based on a 20% negative move before reaching it, it is less meaningful. 1:00:24
- You emphasize the importance of seeing multiple "reactions" to the pattern boundary. On your charts, some "reactions" are sharp v-reversals; others are just a few candles of "hesitation." How do you personally define a valid "reaction" to a boundary? 1:02:21
- When do you move your stop to break even? 1:04:20
- Do you have stats for different markets? Is the success rate roughly the same if one doesn't trade all signals worldwide? 1:06:14
- What is your view on the current US$ Index (DXY)? 1:07:56
- What are your thoughts on Copper (symbol HGcv1 on Metastock)? 1:08:42
- In CVNA does price action have to correct itself after a gap up? 1:09:49
- What is your typical yearly ROI with your trading strategy? 1:11:04
- How do you manage your finances as a full-time trader? 11:11:43 (Helpful article on Factor's website, Peter L. Brandt - So you want to become a full-time trader )
- The markets are at all-time highs. How do you guide trades at this point? 1:12:00
- In a Type 4 breakout, what is the median, max and min loss you go for or have achieved? 1:12:43
GLOBAL EQUITY MARKETS – March 23, 2024
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its long-term H&S bottom price target at 109 levels. The ETF earlier completed a bullish flag which has helped the uptrend resume higher. Global Equity benchmark formed a short-term consolidation between 106.8-109 area which was broken on the upside during the week. There is no top reversal chart pattern at this stage. Uptrend is intact. During any sharp pullback 106.8-102.3 area can act as support.
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