The top four Australian banks are forming up in new and large weekly-chart triangle patterns. Previous large triangles on these instruments eventually led to trend line breakouts that offered significant percentage gains circa 40 ~ 60%. Thus, the trend lines are worth monitoring here!

The Aussie stock market has under-performed most other global stock markets since the 2008/9 global recession but I’m wondering if it’s about to push higher in a seemingly gravity-defying action to correct this divergence in a better late than never move.

The following few stocks are on my radar for future trades. They are primarily NASDAQ stocks given the room to move on the index breakout pattern.

Deutsche Bank (DB) and Twitter (TWTR) are setting up with similar chart patterns and both are sitting under $20 resistance. Here is what I’m looking for if any mean reversion activity kicks in.

The US$ has pulled back a bit which helped to trigger some great EUR-based trend line breakout trades over the last session. I’m hoping the TC Trial participants made some hay out of these great moves.