Sentences with phrase «bottom of a downtrend»

These characteristics are the same regardless of whether the wedge forms at the bottom of a downtrend or the top of an uptrend.

It turns out that that Swing Low was the bottom of the downtrend and market began to rally above the Swing High point.

If the 3 - Inside up price action pattern forms at the bottom of the downtrend, an exit or take profit is advised.

Not exact matches

The downtrend found support just under $ 1,00 in November 2016, yieldinga test in August of 2017 that completed a bullish double bottom reversal.

The downtrend found support just under $ 1,00 in November 2016, yielding a test in August of 2017 that completed a bullish double bottom reversal.

The bears are emboldened that support at $ 1334 - 35 and the downtrend at $ 1330 was breached, and will look for further long liquidation to take the market lower with a subsequent breach of the $ 1321 - 23 (quadruple bottom, 3/29, 4/5, 4/6 and 4/23 lows).

There's no RBNZ meeting but data has taken a turn for the worse since the last policy meeting with inflation falling to the bottom of the RBNZ's target so the downtrend for both currencies should remain in tact.

Other bullish signals for the cryptocurrency includes the Tenkan / Kijun line crossover, and the Saucer Bottom pattern which appears to have reversed last month's downtrend at the support level of $ 6,504.

The correction that started on Monday accelerated in the last couple of days, and a bottom could already be in after today's overnight rout, given the panicky market action, although a re-test or another leg lower is still in the cards, as the short - term downtrends are intact in the majors.

In the worst case scenario LBC / USD could get back to $ 0.15 form a double bottom, but it doesn't seem like the downtrend is valid, and chanced of growth are much higher than the downtrend continuation.

A double bottom chart pattern is a strong bullish price action signal that occurs at the end of a downtrend.

The hammer candlestick forms at the end of a downtrend and suggests a near - term price bottom.

Initial support is located at the bottom of the price channel and key support is now at 1.4257, a break below this level will indicate that the downtrend has resumed and another fall towards 1.4000 could be seen.

While the success of the break - out is not guaranteed, since the broader downtrend is intact and volatile dips are still expected as part of the bottoming process, the coin is showing positive signs, and aggressive traders could remain long here.

Bottom line, my opinion, we will see downtrend, maybe between 5 - 2k / BTC levels, then few months nothing really special, and some skilled traders making money on volatility, end if Q4 would get strong media support, then I can imagine new rally as of Nov prior the xmas time to make the year for hedge funds.