Profile picture
, 9 tweets, 9 min read
My Authors
Read all threads
You can utilize chart patterns in two different ways.

1) Trade price between well-defined boundaries (need to find a clear chart pattern at early stages)

2) Trade breakouts through chart pattern boundaries

I favor 2.
Following examples will highlight why I favor:

1⃣Breakout strategies
2⃣Horiozontal chart pattern breakouts
3⃣Rectangle setups with several tests of chart pattern boundary
BAE SYSTEMS. Breakout after several tests of well-defined horizontal boundary. No pullback and challenge to chart pattern boundary. Bullish continuation completing above 200-day. #RECENT #BREAKOUT #ALERT #UK #FTSE
GREENCORE GROUP. Breakout after several tests of well-defined horizontal boundary. Pullback to chart pattern boundary. Bullish continuation completing above 200-day. #RECENT #BREAKOUT #Alert #UK #FTSE
SONOVA HEALTHCARE. Breakout after several tests of well-defined horizontal boundary. No pullback to chart pattern boundary. #RECENT #BREAKOUT #Alert #SMI #SWISTZERLAND
SIGNIFY. Breakout after several tests of well-defined horizontal boundary. Pullback to chart pattern boundary. Bullish continuation completing above 200-day. #RECENT #BREAKOUT #Alert #AMSTERDAM #EUROPE #EQUITIES
WALKER DUNLOP $WD. Breakout after several tests of well-defined horizontal boundary. No pullback to chart pattern boundary. #RECENT #BREAKOUT #Alert $NYSE
#DENMARK #OMX20. Breakout after several tests of well-defined horizontal boundary. No pullback to chart pattern boundary. #EUROPE #EQUITIES
After going through all above #rectangle chart pattern breakouts, do you see similarities?

If yes, then all you have to do is widen your research universe and go after those familiar setups. Do not narrow your focus on select few instruments.
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with Aksel Kibar, CMT

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Related hashtags

#RECENT #BREAKOUT #Alert #UK #FTSE #SMI #SWISTZERLAND #AMSTERDAM #EUROPE #EQUITIES #DENMARK #OMX20 #rectangle

More from @TechCharts see all

Profile picture
Aksel Kibar, CMT
@TechCharts
There are 4⃣ type of #BREAKOUTS

1⃣Breakout without any retest
2⃣Breakout with a re-test
3⃣Breakout with a hard re-test
4⃣Failed breakout

Following tweets explain each one of those with examples from recent breakout alerts
1⃣ Breakout without any retest

If you have a stop-loss placed below the chart pattern boundary, this is the easiest to trade. Following the breakout your stop-loss will no be challenged and price target will be met.

#BAES #FTSE #UK Image
2⃣ Breakout with a re-test

If you have a stop-loss placed below the chart pattern boundary, this type of trade may test your patience but still will not challenge your protective stop-loss. Chart pattern boundary will even offer a new entry opportunity.

Image
Read 6 tweets
Profile picture
Aksel Kibar, CMT
@TechCharts
A prominent technical analyst expert on P&F charting has commented on one of my H&S continuation post. If you are having difficulty to understand H&S continuation, you are not alone. I will review few charts and draw your attention to the dynamics behind price action.
Because more than what each chart pattern is named, it is more important to understand what the price action is trying to tell us. You can name it a H&S continuation, Cup & Handle, Darwas Box etc.
First, I will share the best of best H&S continuation chart pattern I traded when I was working for the semi-sovereign fund in Abu Dhabi. Since it has been more than a year I can disclose, we have doubled our investment of $20 million. People familiar can confirm.
Read 13 tweets
Profile picture
Aksel Kibar, CMT
@TechCharts
1) There are different parts in successful trading/investing. One of them is trade identification/analysis. While there might be other parts such as position sizing, trade management, psychology, one should be as consistent as possible while dealing with each part.
2) When identifying chart patterns consistency is key. There is a tendency to see patterns when actually they don't exist. A good way to avoid this is to focus on successful chart pattern completions and keep on looking for similar setups.
3) I.e. H&S bottom reversal should form after a downtrend. Preferably the chart pattern should have a horizontal neckline and symmetry between the right and left shoulder. Breakout should clear not only the neckline but also the 200-day average.
Read 7 tweets

Related threads

Profile picture
Cem Paya
@randomoracle
Some speculation on CVE-2020-0601.

Earlier version of Windows cryptography API only supported a handful of elliptic curves from NIST suite-B.
It could not handle say an arbitrary prime-curve in Weierstrass form with user defined parameters

1/N
(This appears to have been added more recently:
docs.microsoft.com/en-us/windows/… )

2/N
Meanwhile the standard allows encoding the type of ECC curves in two different ways:
- Short name for "well-known curves"
- Explicit form, with curve parameters such as prime modulus, Weierstrass equation coefficients, generator, order etc. fully spelled out

3/N
Read 5 tweets
Profile picture
Benedict Evans
@benedictevans
Two different ways to tell the same story
Stories worth telling:
1: Actual direct ecommerce is now only about half of Amazon revenue
2: Platforms for other companies are a third of revenue
3: The logistics platform (Marketplace) is 2x the revenue of AWS (And probably just as profitable)
It often occurs to me that the really radical anti-trust Amazon intervention would be to force it to offer wholesale access to its logistics platform... which, um, it already does. Third parties account for 60% of sales across Amazon.
Read 4 tweets
Profile picture
Stacey
@ScotsFyre
Two very smart, well informed people asking the same questions, getting there two different ways. /1
Read Sean’s full thread /2

Read Fred’s here /3

Read 5 tweets
Profile picture
Dan Ogunshakin
@DanOgunshakin
Right twitterverse, work your magic! My fiancée lost her engagement ring which was my mum's ring. Understandably we're both gutted. It could have gone missing at Heathrow, on a BA flight to Singapore or in Singapore itself. Long shot I know but hopefully miracles can happen 🙏🏽
One lead has been exhausted but another potentially promising one has emerged... Fingers crossed and stay tuned folks! #FindÁinesRing
Unfortunately that didn’t pan out either but the search goes on! Thanks for your supportive messages, it really means a lot! I’ve gone for a two-pronged attack with Facebook as well so let’s see if that helps! #FindÁinesRing
Read 8 tweets

Trending hashtags

#Flickr #slums #MechanicalTurk #rights #Apple #Washington #FindÁinesRing #Zone #Asia #space #MAGA #Fentanyl #soybeans #Tariff #Nasdaq #Bangladesh #Chapter2 #legalrights #deal #iPhone #RHE #China #InThisTogether #infrastructure #Tesla
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!