{"id":211544,"date":"2024-09-10T08:21:27","date_gmt":"2024-09-10T12:21:27","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=211544"},"modified":"2024-09-10T09:23:57","modified_gmt":"2024-09-10T13:23:57","slug":"chart-advisor-exploring-novartis-break-out","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-novartis-break-out\/","title":{"rendered":"Chart Advisor: Exploring Novartis Break Out"},"content":{"rendered":"\n<p>By\u00a0<a href=\"https:\/\/links.investopedia.com\/u\/click?_t=36ba8fa8372241d58b3bfc06997a4332&amp;_m=eeb241225ddc44298872a3f074b33f89&amp;_e=e5EkyhM0zkv6Nb_wlUkO_PiuyFdKtqAgKTRESbZC-ddchf71tsq6EEu791v_M7QsNCSKkE-mAr5do_ktHp0qx4-oYAnQs6zb0SVJg44HmAJAaPGDuKGGaCuWq1tV9ZLkwi2hbYjsIOtWwVyfqLYKlImpK-pHuZiHDl2Aqys1_MGbvMB1o1dlxzNdB6K4j9oBVt4IOfkJU1skjbyRXoBb-vqD4jQF7o_zq2C7XAaqDVrrXmcTo5RGZUJnMF4xJFbH3D2i9w8_WshztJBN_BdTNm2FR6eOxZREUhUkZWUMBCBA9Izz4HBifCvWata3AQmQsR9MZRFPVU-NpZ7zAYOmzOTZSZFm8D88eXJexabf0H4j7VVFEKns_okMsIiJTU26JklBD9iLHG_R83g3PmuOiO1fF2RgwBaCWA30i1a-89VlGNf21JgPe6XZ5aSr_AdZoSx7sAbBeftXuazOkMzGUggj7CxCkrqmyDASpi_VAuA%3D\">Jay A. Petit, CMT<\/a><\/p>\n\n\n\n<p><strong>1\/ USDCHF Monthly Pitchfork<\/strong><\/p>\n\n\n\n<p><strong>2\/ Novartis Breaks Out<\/strong><\/p>\n\n\n\n<p><strong>3\/ Understanding the RSI<\/strong><\/p>\n\n\n\n<p><em>Investopedia is partnering with CMT Association on this newsletter. \u00a0The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice. The guest authors, which may sell research to investors, and may trade or hold positions in securities mentioned herein do not represent the views of CMT Association or Investopedia. Please consult a financial advisor for investment recommendations and services.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1\">1\/<\/h2>\n\n\n\n<p><strong>USDCHF Monthly Pitchfork\u00a0<\/strong><\/p>\n\n\n\n<p>On this long-term chart of the U.S. dollar versus the Swiss franc, we are using\u00a0<a href=\"https:\/\/www.investopedia.com\/ask\/answers\/05\/andrewpitchfork.asp?hid=c9995a974e40cc43c0e928811aa371d9a0678fd1&amp;did=14501095-20240910&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=091024\">Andrew\u2019s Pitchfork<\/a>. First off, we need 3 reference points. In this instance we start from the May 1989 high to the April 1995 low and back to the October 2000 high as the final reference point.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"634\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9101-1100x634.png\" alt=\"\" class=\"wp-image-211547 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9101-1100x634.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9101-700x403.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9101-300x173.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9101-768x442.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9101-1536x885.png 1536w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9101.png 1920w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/634;\" \/><\/figure>\n\n\n\n<p>As you can see, the lower band was able to catch the August 2011 low as well as the October 2022 high. From late 2011 to those October 2022 high, the price was \u201ccruising\u201d (day traders might obviously say otherwise) from the lower band (support) to the higher band (resistance) of the Pitchfork. Since hitting this October 2022 high, the USDCHF broke down and seems poised to resume its long-term downtrend, notwithstanding interim pullbacks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2\">2\/<\/h2>\n\n\n\n<p><strong>Novartis Breaks Out<\/strong><\/p>\n\n\n\n<p>Looking at Novartis\u2019 steep\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/d\/decline.asp?hid=c9995a974e40cc43c0e928811aa371d9a0678fd1&amp;did=14501095-20240910&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=091024\">decline<\/a>\u00a0from the February 2020 high to the March 2020 low, it took Novartis more than 4 years of\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/s\/sidewaysmarket.asp?hid=c9995a974e40cc43c0e928811aa371d9a0678fd1&amp;did=14501095-20240910&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=091024\">sideways drift<\/a>\u00a0to \u201cdigest\u201d that decline! This consolidation ended in July 2024 when the price was finally able to break above its February 2020 high, i.e. CHF 96.38.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"634\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9102-1100x634.png\" alt=\"\" class=\"wp-image-211548 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9102-1100x634.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9102-700x403.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9102-300x173.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9102-768x442.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9102-1536x885.png 1536w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9102.png 1920w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/634;\" \/><\/figure>\n\n\n\n<p>To confirm this new\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/u\/uptrend.asp?hid=c9995a974e40cc43c0e928811aa371d9a0678fd1&amp;did=14501095-20240910&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=091024\">uptrend<\/a>, the price needs to stay above the breakout area of CHF 96.38 (on a monthly closing basis).<\/p>\n\n\n\n<p><br>As for the next upside target, we can use the\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/f\/fibonacciextensions.asp?hid=c9995a974e40cc43c0e928811aa371d9a0678fd1&amp;did=14501095-20240910&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=091024\">Fibonacci extensions<\/a>\u00a0to project it. Based on the above-mentioned decline, the next level comes in at CHF 115.72, followed by CHF 147, notwithstanding interim pullbacks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3\">3\/<\/h2>\n\n\n\n<p><strong>Understanding the RSI<\/strong><\/p>\n\n\n\n<p>If you ever find yourself staring at a chart, unable to find any&nbsp;<a href=\"https:\/\/links.investopedia.com\/u\/click?_t=36ba8fa8372241d58b3bfc06997a4332&amp;_m=eeb241225ddc44298872a3f074b33f89&amp;_e=e5EkyhM0zkv6Nb_wlUkO_Mt4Q_bELE9SwJllCxI4ABCLkjJg4CLkxrXMsGp3CfF29bqQbLgIcJwZKnK3YKJpgoomW_FNiG_oHpZvdKBQhLpMrya5qsEJ7hcAKvSFRHjHAS0e6OMq8GZ9Ql1NmMdbQWayK9UFpZze60Y7X2-6OfLJmr-xRnIokq6yT_KZRj8RBadNNCowA56v-UDwEUCPVKcgolE0yRRey--TZNUAFfwcKWqSBjpvh148PC0iPvuWwGkCp3oQ5JzPPs7nw_VAT0mA2sf-ac5RbEHFUD66wiFWW0s9IgKMy4hxIhh8B19ZnhvRigkrTNofn5eTGCAL8sigtYva8JpjHDSJzOQq0UbgXwbYVVRM0PczSYnWpR8XZQwxJxlW92l0LKYgYQZ9GZNPH_W6HucjT1yYA9uyhhdV92GPFbcyUD_qv6sxEg1v1lIQM9HGqAFZsQ7bgtOeuHz33WtRkE80-i0MUflBgHI%3D\">price pattern<\/a>,&nbsp;<a href=\"https:\/\/links.investopedia.com\/u\/click?_t=36ba8fa8372241d58b3bfc06997a4332&amp;_m=eeb241225ddc44298872a3f074b33f89&amp;_e=e5EkyhM0zkv6Nb_wlUkO_Mt4Q_bELE9SwJllCxI4ABDWd7ttz3AnbdKYdhDirzoMrOdBxw9KQGQJsORG9XheRgrR2czNpgt7UwhlfsHFlBEdps-AOZNrb-zQo0DyE-O34aAQjvxkBeXjRA3OjwC7mT5_Z2-BhN22S9s4zHAD15Lz4HLtQ7U3NBT7Gxg8KEGZRg5cGiTGRjP1-A_oHV9cKVakSBGdpzB6ivdPVOp967pCB_wqsbDlbeBXt5FDa1FfxTFOovB98dWj17iyca1jlVMQLQGos0NS8anT15d0Hj8Sz9Zmph7j8Dr_no4OwHUSnCJvEUJ80l_BVvlK6JsBbN2Ytvmz5i3WicekPykaQxm9jZLFPL_3Sf0cYX4RbKGf_rafJ_4aCoGGrqQbbsvJ3MwJ3fJr64aUeK0NkVc82VXFatDtgTX5SHK3NadfCEWnK1xeaT8YE0omNmDjqepbo7qmklNhV9h2oa-32kziHfmsdeWu2_Ir8YctDYtMqvSdRsltG7eeT1zijvkbjUtyDP28rk1pu5VvqPDBXuY84Fw%3D\">candlestick pattern<\/a>&nbsp;and even a simple&nbsp;<a href=\"https:\/\/links.investopedia.com\/u\/click?_t=36ba8fa8372241d58b3bfc06997a4332&amp;_m=eeb241225ddc44298872a3f074b33f89&amp;_e=e5EkyhM0zkv6Nb_wlUkO_Mt4Q_bELE9SwJllCxI4ABBbZn7Bngz5X3-VpeW8CO3StgMxMUfVFzgzL7HWPSzxzB5tzeaXi_jxYy5knoHPtg7FCsQXmH3XBiVXun8UXQa8KG9QCQy9K9za7UnD0hYAWBqKQAESAqMyxXa11Ai1OnucTiu-uyesDM71Qe6_bTVpc7zq3Y6uy7lOaKqqWM6gucnQUOVd0gowIcCcUvxl_whxdATDQXcbWEIIJNP8w850nBNXoijgvlmMoIta7Yl0mHCXJ6J5k03oGpdL4Tfsb95UpSMeIdc5qXigjT6WErR9FdZb8rZ4HMVUDxAydtm6pmV4U6tfU6FDhPb9pxCXTlBiI58BxjivKbakVENp0pCpvmVPym9mLLnlgsx6hHT5WjQDmVyrg0sPjTl347ldkJspmOWWVyAsFg6OKapteZYnKufFaMlLPoMaJnkFejZkgeheDARVj4hVw-VcMl0jXiM%3D\">trendline<\/a>&nbsp;won\u2019t work as the higher lows (or lower highs) do not align to draw it, do not despair! The&nbsp;<a href=\"https:\/\/links.investopedia.com\/u\/click?_t=36ba8fa8372241d58b3bfc06997a4332&amp;_m=eeb241225ddc44298872a3f074b33f89&amp;_e=e5EkyhM0zkv6Nb_wlUkO_Mt4Q_bELE9SwJllCxI4ABA5cj1US8tFeBqiTB6L1gTd6G0UBJQ6HvipjwXp22ttpQsNmHxROYyO1b2cnY5N8GPA4DZ4f_1QQ4b7t7dYjr2wDBTJe1zIuhOXPreYeK_mBEprtIHIOAxoop8ebuebOsKDKt5REi7JEVuK8i_4WEgDbtwI85vGXMkYx3kchjPRHJjGdKS6IdDGeksx8AviQRcN5Pp27k30Gb9Mo8pfuTMmSzIQoBrcpwYtv2y6bBAMCyRqUvcitfr_4fhooXVf4J5Kk1hkhJMNJfTwoh2Cimu_VjMyXPlim60DuToLwBuhGNAH00Z6mtzCpPJQ-DaEwPtxdKLrZ5wY99eXWQOb0PJc_XAmWgg5yy4yItpJpU6J7JE_-Vk4VwQ0rx8A8uZy4xf0gMqQ2jHvR_VS4Lk-b_w8hMXEzlSj9VeOAYf-B4KtsA%3D%3D\">RSI<\/a>&nbsp;can provide some information to confirm an uptrend or downtrend.<\/p>\n\n\n\n<p>Givaudan is a perfect example.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"634\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9103-1100x634.png\" alt=\"\" class=\"wp-image-211550 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9103-1100x634.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9103-700x403.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9103-300x173.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9103-768x442.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9103-1536x885.png 1536w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9103.png 1920w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/634;\" \/><\/figure>\n\n\n\n<p>During the mid 2017 to late 2021 uptrend, the RSI never went under 30 (oversold) and mostly oscillated between the lows of 40\/50 to the highs of 80\/90, known as a bullish range or bullish regime. Thereafter, during the price decline, from early 2022 to late 2023, the RSI never went above 70 (overbought) and oscillated between the lows of 20\/30 to the highs of 50\/60. This is known as a bearish range or bearish regime. The next price uptrend, between late 2023 to today, the RSI is currently oscillating between 55 and 77, which confirms the bullish regime of the stock price.<\/p>\n\n\n\n<p>&#8212;-<\/p>\n\n\n\n<p>Originally posted 10th September 2024<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0Jay A. Petit, CMT 1\/ USDCHF Monthly Pitchfork 2\/ Novartis Breaks Out 3\/ Understanding the RSI Investopedia is partnering with CMT Association on this newsletter. \u00a0The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice. The guest authors, which may sell research to investors, and may [&hellip;]<\/p>\n","protected":false},"author":186,"featured_media":211551,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[16,18,6,8,9,22,23],"tags":[6203,17666],"contributors-categories":[13686],"class_list":{"0":"post-211544","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-forex","8":"category-macro","9":"category-north-america","10":"category-region","11":"category-securities","12":"category-stocks","13":"category-technical-analysis","14":"tag-nvs","15":"tag-usdchf","16":"contributors-categories-investopedia"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Chart Advisor: Exploring Novartis Break Out<\/title>\n<meta name=\"description\" content=\"USDCHF Monthly Pitchfork. Novartis Breaks Out. Understanding the RSI\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/211544\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chart Advisor: Exploring Novartis Break Out | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"USDCHF Monthly Pitchfork. Novartis Breaks Out. Understanding the RSI\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-novartis-break-out\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-10T12:21:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-10T13:23:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9103-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1106\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Contributor Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Contributor Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-novartis-break-out\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-novartis-break-out\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Contributor Author\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\"\n\t            },\n\t            \"headline\": \"Chart Advisor: Exploring Novartis Break Out\",\n\t            \"datePublished\": \"2024-09-10T12:21:27+00:00\",\n\t            \"dateModified\": \"2024-09-10T13:23:57+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-novartis-break-out\\\/\"\n\t            },\n\t            \"wordCount\": 474,\n\t            \"commentCount\": 0,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-novartis-break-out\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/09\\\/9103-1.png\",\n\t            \"keywords\": [\n\t                \"NVS\",\n\t                \"USDCHF\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"Forex\",\n\t                \"Macro\",\n\t                \"North America\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Stocks\",\n\t                \"Technical Analysis\"\n\t            ],\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"CommentAction\",\n\t                    \"name\": \"Comment\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-novartis-break-out\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-novartis-break-out\\\/\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-novartis-break-out\\\/\",\n\t            \"name\": \"Chart Advisor: Exploring Novartis Break Out | IBKR Campus US\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-novartis-break-out\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-novartis-break-out\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/09\\\/9103-1.png\",\n\t            \"datePublished\": \"2024-09-10T12:21:27+00:00\",\n\t            \"dateModified\": \"2024-09-10T13:23:57+00:00\",\n\t            \"description\": \"USDCHF Monthly Pitchfork. Novartis Breaks Out. Understanding the RSI\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-novartis-break-out\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-exploring-novartis-break-out\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/09\\\/9103-1.png\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/09\\\/9103-1.png\",\n\t            \"width\": 1920,\n\t            \"height\": 1106,\n\t            \"caption\": \"Chart Advisor: Exploring Novartis Break Out\"\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus US\",\n\t            \"description\": \"Financial Education from Interactive Brokers\",\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t            \"name\": \"Interactive Brokers\",\n\t            \"alternateName\": \"IBKR\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t                \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"width\": 669,\n\t                \"height\": 669,\n\t                \"caption\": \"Interactive Brokers\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t            },\n\t            \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t            \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\",\n\t            \"name\": \"Contributor Author\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/contributor-author\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Chart Advisor: Exploring Novartis Break Out","description":"USDCHF Monthly Pitchfork. Novartis Breaks Out. Understanding the RSI","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/211544\/","og_locale":"en_US","og_type":"article","og_title":"Chart Advisor: Exploring Novartis Break Out | IBKR Campus US","og_description":"USDCHF Monthly Pitchfork. Novartis Breaks Out. Understanding the RSI","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-novartis-break-out\/","og_site_name":"IBKR Campus US","article_published_time":"2024-09-10T12:21:27+00:00","article_modified_time":"2024-09-10T13:23:57+00:00","og_image":[{"width":1920,"height":1106,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9103-1.png","type":"image\/png"}],"author":"Contributor Author","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Contributor Author","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-novartis-break-out\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-novartis-break-out\/"},"author":{"name":"Contributor Author","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485"},"headline":"Chart Advisor: Exploring Novartis Break Out","datePublished":"2024-09-10T12:21:27+00:00","dateModified":"2024-09-10T13:23:57+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-novartis-break-out\/"},"wordCount":474,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-novartis-break-out\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9103-1.png","keywords":["NVS","USDCHF"],"articleSection":["Forex","Macro","North America","Region","Securities","Stocks","Technical Analysis"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-novartis-break-out\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-novartis-break-out\/","url":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-novartis-break-out\/","name":"Chart Advisor: Exploring Novartis Break Out | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-novartis-break-out\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-novartis-break-out\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9103-1.png","datePublished":"2024-09-10T12:21:27+00:00","dateModified":"2024-09-10T13:23:57+00:00","description":"USDCHF Monthly Pitchfork. Novartis Breaks Out. Understanding the RSI","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-novartis-break-out\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-exploring-novartis-break-out\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9103-1.png","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9103-1.png","width":1920,"height":1106,"caption":"Chart Advisor: Exploring Novartis Break Out"},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485","name":"Contributor Author","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/contributor-author\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/9103-1.png","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/211544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/186"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=211544"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/211544\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/211551"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=211544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=211544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=211544"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=211544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}