CRYPTOCURRENCIES – March 31, 2024
BTCUSD is testing the resistance area between 65K - 68K. Breakout above the upper boundary of a rising trend channel started a runaway price movement towards the resistance area. This week's price action is strong and possibly a preparation for breakout to all-time high levels. ETHUSD cleared the upper boundary of the possible rising wedge, held the support level and now accelerating the uptrend with long back to back white candles towards the next resistance at 4,400 levels. Read More
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
