Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks, commodities, currencies and cryptocurrencies that might be in focus. This blog post features from the review section BTCUSD. Please note that this is a monthly scale price chart and the November price action (last candle) is still not completed. I’m featuring this chart to show the levels BTC is testing and to draw attention to a possible outcome with symmetrical triangle breakouts.

BTCUSD possibly completed a symmetrical triangle chart pattern on the long-term price chart. Symmetrical triangle is a chart pattern with diagonal boundaries. One difficulty with trading breakouts from diagonal boundaries is the fact that price, following the breakout can find resistance at the minor high. Whereas breakouts from chart patterns with horizontal boundaries usually clear all minor highs at the same time of the breakout.

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By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

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As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

• Global Equities Report. Delivered weekly.
• Classical charting principles. Learn patterns and setups.
• Actionable information. Worldwide indices and stocks of interest.
• Risk management advice. The important trading points of each chart.
• Information on breakout opportunities. Identify the ones you want to take action on.
• Video tutorials. How patterns form and why they succeed or fail.
• Watch list alerts. As they become available so you can act quickly.
• Breakout alerts. Usually once a week.
• Access to everything (now and as it becomes available)
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• Multi-part webinar course. You learn the 8 most common charting principles.
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Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section Marathon Gold Corp (Marathon) listed on the Toronto Stock Exchange.

With breakouts I like to confirm couple of things on price charts. When those conditions are met, I have higher conviction on the trade setup. Those are:

1. A well-defined chart pattern with horizontal boundaries
2. Several tests of chart pattern boundary before a breakout takes place
3. If the chart pattern is a bullish setup, possibility of breakout taking place above the 200-day average (trend filter)
4. Possibility of a breakout to all-time highs (path of least resistance)

Below chart is meeting all the above criteria and as a result it is a high conviction trade setup for me.

MARATHON GOLD CORP (MOZ.TO)

Marathon Gold Corp (Marathon) is a Canada-based company engaged in the acquisition, exploration and development of natural resource properties located in North America. The stock is listed on the Toronto Stock Exchange. Price chart formed a 3 month-long rectangle with the horizontal boundary acting as strong resistance at 2.60 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 2.67 levels will confirm the breakout from the 3 month-long rectangle with the possible chart pattern price target of 3.13 levels.

Tech Charts Membership

By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

Get Access Now

As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

• Global Equities Report. Delivered weekly.
• Classical charting principles. Learn patterns and setups.
• Actionable information. Worldwide indices and stocks of interest.
• Risk management advice. The important trading points of each chart.
• Information on breakout opportunities. Identify the ones you want to take action on.
• Video tutorials. How patterns form and why they succeed or fail.
• Watch list alerts. As they become available so you can act quickly.
• Breakout alerts. Usually once a week.
• Access to everything (now and as it becomes available)
  o Reports
  o Videos and video series
• Multi-part webinar course. You learn the 8 most common charting principles.
• Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section the iShares S&P MID CAP 400 VALUE ETF (IJJ) listed on the New York Stock Exchange.

ISHARES S&P MID CAP 400 VALUE ETF (IJJ)

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P MidCap 400/BARRA Value Index. The Index consists of stocks from a broad range of industries. Uses a replication strategy to track the Index. The ETF is listed on the New York Stock Exchange. Price chart formed a 5 month-long rectangle with the horizontal boundary acting as strong resistance at 74.40 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 76.60 levels will confirm the breakout from the 5 month-long rectangle with the possible chart pattern price target of 85.0 levels.

Tech Charts Membership

By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

Get Access Now

As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

• Global Equities Report. Delivered weekly.
• Classical charting principles. Learn patterns and setups.
• Actionable information. Worldwide indices and stocks of interest.
• Risk management advice. The important trading points of each chart.
• Information on breakout opportunities. Identify the ones you want to take action on.
• Video tutorials. How patterns form and why they succeed or fail.
• Watch list alerts. As they become available so you can act quickly.
• Breakout alerts. Usually once a week.
• Access to everything (now and as it becomes available)
  o Reports
  o Videos and video series
• Multi-part webinar course. You learn the 8 most common charting principles.
• Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now