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200 day EMA (on daily), 40 week EMA (on weekly) is my trend filter. I use trend filter with classical chart pattern breakouts and breakdowns. Interested in only long signals that take place above the long-term average and short signals that take place below the average. In this case I am monitoring this symmetrical triangle for a long signal that can take place above the year-long average.

A descending triangle from 1930s Schabacker.

A descending triangle that can complete below the year-long average will confirm the downtrend. I covered this stock on daily scale chart in the latest Global Equity Markets report #watchlist #TECHCHARTSMEMBERS Access >> tinyurl.com/2n73r993

If these are short pullbacks to broken resistance levels, price needs to quickly move away from current levels, resulting in strong weekly closes. $ETH $BTC

Important note on $BTC: as we get close to end of week, the weekly candle does not look like a decisive breakout. Price taking out an important hurdle usually forms a long white or black weekly candle. See earlier breakouts/breakdowns. Hesitant price action here can result in price returning inside the range.

Automate your order management. Distance yourself from the emotions that get in the way at the time of entry and exit.

Buying into all time highs and selling into all time lows... the path of least resistance.

Are you being selective? Do you have a favorite setup that you recognize immediately and can trade it comfortably knowing what the script should look like. Where you would know that it is not working?

Symmetrical triangle. Fine points. 3 touch points and a breakout. Minor high acting as immediate resistance.

Pros and cons of early entry.

#TECHCHARTSMEMBERS Latest #GLOBAL #EQUITY #MARKETS report is sent out. 1 new #breakout #alert 6 additions to #watchlist Access >> blog.techcharts.net/2026/09/…

#ascendingtriangle is a bullish chart pattern. Its upward sloping lower boundary gives the pattern the bullish bias. $SOF was a breakout #alert from an ascending triangle that acted as a bottom reversal. Chart on the right from 1940s is how Edwards & Magee featured the ascending triangle bottom reversal which later became part of a H&S bottom reversal.

Prior trend down. Sideways consolidation with well-defined boundaries. Min 3 touch points to the pattern boundary before a breakdown. A chart @PeterLBrandt from 1984 Lumber Futures. With a recent #breakdown #alert from Global Equity Markets report. $DAKT

A H&S failure can form as in the chart below. H&S bottom can fail with the low of the right shoulder breached down. A chart from 1989 @PeterLBrandt Trading Commodity Futures with Classical Chart Patterns.

This is how Edwards & Magee analyzed a H&S top failure with a 1936 example.

A recent example on $AMD. H&S top failure.

H&S top failure. High of the right shoulder acts as the level for a long signal.

4 TYPES of breakouts. What do they mean for your breakout strategy?

#TECHCHARTSMEMBERS Chart pattern reliability numbers and breakouts page will be updated on Sunday. Scheduled for Monday 28th is the special #cryptocurrency report.