Sentences with phrase «below support levels»

When prices don't sustain below support levels on negative news, it is a sign that the bears are losing their grip.

We can see in the chart below the support levels and zones left behind by the different points in the market were the retrace ended and the uptrend resumed.

This opportunity develops when the index moves below the support level near 1870.

As long as the price is able to consolidate and not fall below this support level, a retest of the $ 400 level could be on the table before year - end.

If the price goes below this support level this week, expect a test at $ 447 and then potentially $ 440.

If it were to break below this support level again, that would be considered a bearish signal by many.

Prices set to close and below a support level need a bullish position.

If the stock price declines below the support level, a technical analyst views the decline as a sell signal.

However, if everyone wants to buy above a resistance level or sell below a support level, the market maker has to take the other side of the equation.

Wide trading range is created, however at the moment look for selling options just below support level.

For instance, the best time to buy a commodity is when the market changes from normal to bullish and at this time the trader must hold stop loss for positions that are below the support level; these long positions should be squared off when the market goes back to neutral.

Also, a stop loss could be placed below the support level of 9, at 8.75, to help minimize any loss.

If the price goes below this support level this week, expect a test at $ 447 and then potentially $ 440.

On the downside, any declines in price below the support level at $ 1,250 level could have Bitcoin Cash price testing yesterday's support level at $ 1,250.

Not exact matches

The fall below the trading band between 3,260 and 3,290 confirms that's no longer acting as a stable support level.

When the stock broke out to the upside in 2017 every time it pulled back that $ 300 level provided nice support, it dipped a little below that last week and it's starting to hold it again,» said Maley.

The dollar index has dropped below the long - term support level near 93 and then below the critical support level near 91.

The same story can be applied to the Australian dollar which at the beginning of 2016 looked to be heading towards $ 0.635 after a fall below the primary support level near $ 0.715.

All of this raises questions about support for a critical line in the Fed's statement where it says: «The federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run.»

The fall below the historical resistance and support level near $ 1,290 is critical.

By comparison, the daily chart of the iShares Russell 2000 Index ETF ($ IWM) shows the recent weakness that has led to a breakdown below three different levels of technical price support: the low of the multi-week trading range (around $ 93), the 20 - day exponential moving average (beige line), AND the dominant uptrend line (which began with the November 2012 low):

Scaling out to the weekly chart of $ IWM below, we see two clear support levels at the $ 92 and $ 90 area.

As for an entry point, it is CRUCIAL to understand that we rarely enter stocks or ETFs on the short side as they are breaking down below obvious levels of support.

During stock market corrections, key technical support levels generally get «undercut» (quickly probe below the obvious support level, then rebound just a few days later).

Our second scenario was to sell short $ GLD if / when it simply broke down below the obvious and very important level of support at the $ 150 area.

The next major support level is the 50 - day moving average ($ 112 area), while the second zone of support is the prior swing lows (just below $ 110):

Monero is still relatively weak, dipping below the weekend lows, likely headed towards the $ 80 support level.

Support levels are found near $ 125, at $ 100, and below that around $ 80.

Commodity currencies were hit hard overnight with the Australian dollar breaking below a key support level at $ 0.8983 to reach a six - month low of $ 0.8951.

Otherwise, a breakdown below that important support level could signal the pattern needs a few more months to work itself out.

That probe below two key support levels (which shakes out the «weak hands») was followed by yesterday's heavier than average volume rally above the two - day high.

The idea is that once these stocks begin cracking below key support levels, institutions have no choice but to start unloading shares, thereby adding to the bearish momentum and making for some violent moves to the downside.

If you're new to our momentum swing trading system, it's important to know we prefer short selling stocks on a bounce into resistance, rather than a breakdown below an obvious support level.

Litecoin dipped below $ 51 and the weekend lows during the current leg lower in the correction and it's now headed towards the $ 44 support level, with the declining short - term trend clearly being dominant.

There are different factors of confluence that we can watch for, but in the chart below I am showing you price action setups that formed at key support and resistance levels in the market; support and resistance are each a factor of confluence.

The decline took BTC below a key support zone amid a short - term panic, and although most of the majors were also pushed below key levels, others should promise today, including LTC, Ripple, and the recently battered Ethereum Classic.

We don't expect the coin to re-test its lows, as several strong support levels are below the current price level, at $ 51, $ 44, and $ 38.

As with $ EPI, we are willing to stick with $ RSX as long as it manages to hold above its 20 - day EMA (plus a bit of «wiggle room» below the exact level of support):

With $ LULU below key horizontal price support of the $ 60 level, its 40 - week moving average, and recently below the 10 - week moving average as well, the stock could suffer a pretty ugly sell - off over the next several months if broad market conditions continue to deteriorate.

If it does, it could lead to an ideal swing trade setup, as new support of the February 2013 breakout level is just below the current price.

However, last week, price broke down through the key support of the range near 1.2150, ending the week below that level, effectively dismantling the trading range and giving control back to the bears, at least for now.

Natural Gas Natural gas futures were among the quarter's key decliners -LRB--7.5 %, to US$ 2.73 per million British thermal units) as production growth outweighed seasonal consumption and higher exports of the fuel.1 Spot prices saw an even larger drop of 20.6 % (to US$ 2.81) as the support of December's weather - related demand spikes faded and a more normal winter pattern developed.1 Natural gas generally took its downward price cues from elevated US production and growth in the natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain supplies.

Conversely, if price breaks below support, a close below this level will put us short towards 625.»

The bears controlled the market during the Easter long weekend, as bitcoin fell toward $ 6,400 and Ethereum broke below the key $ 400 support level.

As the long - term picture is now severely oversold, a spike below support and a swift recovery could set up a major bottom in the coin here, with resistance levels at $ 450m $ 500, and near $ 625.

Major support has continued to build at the 1190.4 - 1191.9 level though stops below Monday's low of 1191.3 were ran yesterday to a low of 1187.8.

Dash held up well during the crash, but it still got close to the $ 220 level and the prior highs, after dipping below the $ 265 support.

The price broke a few important support levels such as 0.070 BTC and 0.068 BTC and settled below the 100 simple moving average (4 - hours).

Monero remained relatively strong amid the sell - off and it is trading back above the $ 80 support, after spiking below the key level today in early trading.

Dash is still trading below the short - term support / resistance level near $ 190, in a similar pattern as Litecoin, with the all - time high at $ 220 not far away from the current levels.