Share this page!

Maybe Scrolly?
Aksel Kibar, CMT Profile picture
Twitter logo
22 Oct, 7 tweets, 3 min read
Was this a pullback? We will find out in the next couple of trading sessions $EUR #FX Image
Update on $EUR #FX Image
Update on $EUR #FX. Volatility is low. That means whichever direction we start accelerating, highly likely we get a decent trend.

I see this as a breakdown and pullback completed. Image
Update on $EURUSD Image
Update on $EURUSD. If we have a bearish flag, the next move will be sharply lower. Volatility is low which means any chart pattern completion can offer a strong directional movement. #FX Image
Strong breakdown. Bearish flag is possibly completed. $EURUSD #FX Image
The beauty of classical charting and technical analysis. $EURUSD. #FX $DXY Image

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Aksel Kibar, CMT

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!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @TechCharts

Aksel Kibar, CMT Profile picture
16 Oct
The way I tackle price charts:

From past price studies I have an idea of how price should behave around certain levels.

Then I say: If A happens then B is more likely. If I see B then it is a sign of C.
#COPPER is a good example. I have been analyzing price action above the 200-day average. The rebounds have been weak.

I said if it remains weak, (A happens) then a breakdown and correction (B) is more likely.

Ideal situation in a reversion to the mean is a sharp rebound.
This is how I analyzed price action and narrowed it down to 4.08-4.35.

Ideally a reversion to the mean was followed by a sharp rebound.
Read 4 tweets
Aksel Kibar, CMT Profile picture
15 Oct
It is ok to wait for confirmation. It is ok not to predict but get more info. from the chart itself and act.

This was when I concluded the breakout is valid and symmetrical triangle is completed. $BTC

Chart patterns are confirmed when they are mature. It is usually difficult to understand at what level the pattern is mature. For me this is with several tests of pattern boundary.

First reversal signal on $BTC was covered with this setup.

Rising wedge breakdown was followed by a rebound which formed the right shoulder of a H&S top. The correction towards 30K was covered with this chart pattern setup.

Let the market give clues to the direction of the trend. We don't want to predict.

Read 8 tweets
Aksel Kibar, CMT Profile picture
14 Oct
I'm not in the business of picking tops and bottoms. I will never short an index like this.

However, I'm in the business of identifying extremes relative to past price actions.

#INDIA benchmarks are taking a parabolic shape with consecutive gap openings. #SENSEX #NIFTY
Question I'm trying to answer, what are those gaps at all-time highs???

From Richard Schabacker:
I think we can narrow it down to continuation & exhaustion gaps.
Read 4 tweets
Aksel Kibar, CMT Profile picture
14 Oct
This is considered Type 2 breakout. (Explained in following videos).

Irrespective of time frame (note I don't analyze intraday price action), price dynamics are the same. Breakouts can be followed by pullbacks and those would ideally find support at the previous resistance.
Piyasada birileri..., dis gucler, soros, vs. gibi inanclari olan arkadaslar icin Isvec borsasinda islem goren bir hissenin grafigini paylasiyorum.

Piyasadaki o "birileri" ne atfedilen hareketler aslinda kolletif olarak toplu suru piskolojisi/insan davranislarindan kaynaklaniyor
Reference to earlier tweet on the price dynamics of a Type 2 breakout.
Read 4 tweets
Aksel Kibar, CMT Profile picture
3 Oct
Are you ready for a visual exercise?
Qualities we will be looking for:

1) A clean horizontal boundary

2) Min 3 tests of the pattern boundary

3) If a short trade = needs to be below 200-day
If a long trade = needs to be above 200-day
Find 3 text-book trades / chart pattern setups

This is a weekly scale price chart and the moving average is 40 week period (200-day)

Answers format:
Pattern name/completed year
Read 6 tweets
Aksel Kibar, CMT Profile picture
3 Oct
Define a research universe 500, 1000 names... depends on your time dedicated for market research each day & weekend.

Make sure you go through the same list every single day.

What you miss earlier you might capture later.

You see the development of price charts better
Open each chart with the same template. Don't go into style drift by saying: Hmm.. let me see what X indicator is doing or let me go into hourly chart etc.

You have 1hr (or how much it takes to finish the list you have built) to finish the work and move off the screen.
Before you finalize, see if any pattern fit your criteria. Save those to a separate folder and review them the next day first thing after the market close. That's your watchlist.
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

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

Become a Premium Member ($3/month or $30/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

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @TechCharts has new unrolls!

Check out other threads from @TechCharts!

Read all threads by @TechCharts

:(