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Aksel Kibar, CMT Profile picture
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Feb 5 • 3 tweets • 3 min read
What to look for & where to look for? Around major support levels I look for short-term bottom reversals. Here is how I analyzed #OIL #GAS #ETF for #TECHCHARTSMEMBERS
Short-term bottom reversal and recovery above the 200-day average. One step at a time.
Where we stand now $PXJ #OIL #GAS #ETF #ENERGY

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Aksel Kibar, CMT Profile picture
Feb 5
Taking one signal (clue) at a time. I usually like to go step by step. Don't read too much into charts. We can't see 4-5 steps ahead.

Here is how I analyzed $IWC
In following week's update what I was looking on price chart. $IWC
$IWC failed to recover above the long-term average and risked a breakdown of the lower boundary.
Read 5 tweets
Aksel Kibar, CMT Profile picture
Dec 5, 2021
Another nugget for you.

If you have identified a set of 100 or let's say 500 instruments to review...

Unless you make it a habit to review them each day around the same time, you will miss opportunities and lack the visual training as patterns develop.
1 year of data loaded on daily scale chart. We look at the right side of the chart to find horizontal setup with several tests of pattern boundary.

Do you now see what we are looking for?
I doubt anyone who is going through their chart studies on a daily basis with the same template diligently will miss this setup.
Read 4 tweets
Aksel Kibar, CMT Profile picture
Dec 3, 2021
I don't trade those short-term H&S top patterns. For those who trade $MSFT can come under pressure for couple of days. Image
$MSFT short-term H&S top neckline at 328.5. Lower boundary of an arguable trend channel at 310. Image
#NATRUALGAS Probably same idea but slightly different duration and different instrument as well. Image
Read 4 tweets
Aksel Kibar, CMT Profile picture
Oct 22, 2021
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
Read 7 tweets
Aksel Kibar, CMT Profile picture
Oct 16, 2021
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
Oct 15, 2021
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

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