A bearish Wolfe Wave is a technical chart pattern that typically signals a reversal in an upward price trend. The "sweet zone" in a bearish Wolfe Wave refers to the region where the price is expected to reach before reversing its upward movement. When the price enters the sweet zone of a bearish Wolfe Wave, traders may anticipate a potential trend reversal to the downside.
Since early November, when China initially hinted at lifting statewide Covid restrictions, a basket tracking assets linked to the Chinese reopening story has surged by 22%.
In the last 11 weeks, the China reopening basket, which is equally weighted with copper , Korean won , Australian dollar , and the Hang Seng index , has outperformed a global stock market...
Sentiment among risk assets has steadily improved over the short term, driven by traders' expectations of a less aggressive U.S Federal Reserve in light of it's interest rate path i.e. 100bps vs the 75bps that was delivered. Even on the back of this increase, Fed Chair Jerome Powell acknowledged the 'unusually large' increase which has prompted traders to believe...
The All country World index has bounced once again off the 200 week ma and declining channel support. We have seen an approximate bounce of 8% from the recent lows. However looking deeper at the chart, we are still trading inside the declining channel and I would like to see a close above the $92 pivot level before getting too excited - that would then start to...
Updated Analysis: During Q1 2022, the $100 level represented a key pivot , which if breached, would see global equities begin a downward trend. We have since seen the price of the ETF drift lower, declining by 13% as at Friday's close. An observation of the weekly chart sees global equities having given back 4 weeks worth of gains in one week, with a bearish...
ACWI just confirmed a med term uptrend when it bounced off 97 support zone (with a long weekly hammer) ,also bounced off the top of the megaphone pattern from 2018 to pandemic low.
Worst case scenario if 97 do not hold. It may go down to 90 to retest the top of a very big upchannel.
Not trading advice
iShares All World Index ( ACWI ) vs Nasdaq 100 ( QQQ ) vs S&P500 ( SPY ) vs Emerging Markets (EEM) vs South Africa ( EZA ) highlights how very poorly South Africa has compared to the world, emerging markets and the USA.
ACWI Has reached my first target of 79.47 of the right shoulder rectangle of the larger Head and Shoulders pattern. ACWI is still showing great strength here and I am looking for it to continue on to reach the Head and shoulders target of $85.89.
Comparing performance of MSCI indices, World, All Countries World Index (AWCI) and Emerging Markets (EM)
World = Developed markets only
ACWI = Developed + Emerging markets
EM = emerging markets only
Interesting graph on the MSC I All Country World Index ETF (ACWI). Since March this year, the ACWI traded in a parallel band between $70-$75 for most of the period. Three times during this 7-month period, it tried to breach the resistance, just to see it drop back to the $70 support line again.
It is also important to note that the share price has been trading...
Risk trends will dictate how the next few days to weeks will play out. The last several times price has reached the $75 it has rejected and retraced to $70. Most recently two pin bar candles have formed back-to-back so the probability of bearish price action has increased significantly. Traders should pay attention to headlines related to trade and fed speak. If...
NASDAQ:ACWI
The price has bounced many times on the level 75.00 forming a clear resistance, and finding in the last period also support on the level 70.00.
In this case, being the leading ETF on the world's leading indices, uncertainty can be perceived in the markets at the moment.
However, it is not a guideline for our operations, but rather a potentially...
