Sentences with phrase «breakout level»
The phrase "breakout level" refers to a point at which a price or value of something surpasses a certain level that it has struggled to move past before. It is a significant moment that suggests a potential shift or increase in momentum. Full definition
We might be able to establish a small position before the obvious breakout level if the price action forms a higher swing low.
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In this webinar we discuss how you can spot these potential breakout levels and develop a strategy for trading them.
Our interview with lead programmer Chris Delay explain that a prison breakout level in Subversion, combined with a visit to Alcatraz, gave rise to an idea for a prison
The WisdomTree India Earnings Fund ($ EPI) has pulled back to new support of the prior breakout level at the $ 20 level, and is holding up so far.
The key confirmation breakout level is resistance near $ 18.75.
• A stock also typically retests its pattern breakout level before resuming its uptrend.
Should QQQ pull back from its current level, it should find near - term support near $ 65.25 (the recent breakout level), $ 64.50 (20 - day EMA), and $ 63.40 (50 - day MA):
A good way to enter on a breakout is to wait until the price retraces back to the original breakout level and then wait to see if it bounces back to create a new high or low (depending on which direction you are trading).
Listen to the signal and the market conditions; if there's a price action setup at a clean breakout level or an obvious trend with strong momentum, trailing your stop into a 1 to 4 winner may have its reward.
Like $ EPI above, Market Vectors Russia ETF ($ RSX), which we entered as a swing trade on January 22, recently pulled back to support of its prior breakout level and is holding.
However, we were not concerned because a subsequent pullback to new support of the breakout level is relatively common, and has the benefit of shaking out the «weak hands.»
By getting an early entry, only within a tight base nearing a breakout level, you reduce your risk in the event of a false breakout.
Afterwards, it successfully retested the breakout levels and has resumed its uptrend.
Subsequently, the stock completed a successful retest of the breakout levels of $ 27.5 and rose to multi-year highs last week.
One of those is iShares Philippines ($ EPHE), which just broke out to a new all - time high and has pulled back to new support of its breakout level.
With Lam Research closing higher by 5.74 % at $ 224.95 trading Friday, shares are firmly above that breakout level Cramer was watching.
Gold is very near a breakout level of around $ 1,350 [per ounce] or so.
If you missed the breakout entry, a secondary buy entry into EBAY can still be found if the stock pulls back to new support of its breakout level (around the $ 41.50 area).
So, here's a very simple strategy for you; wait for a key level to break, then wait for price to retrace back to it and look for a price action setup entry trigger to form near the breakout level in the direction of the initial breakout.
Some wait until price moves 3 % above the breakout level, others wait for three consecutive closes above the resistance level.
Then you take that measurement and duplicate it upward, starting from the breakout level.
An example of an end - of - day trade may be as simple as waiting for a break of a key market level and then waiting for the market to confirm the break out at the New York close, and then looking for a price action signal on a retrace back to the breakout level in the hope of making money with the trend break out, etc..
The chart image below shows a price action signal that formed on a retrace back to the breakout level:
This indicated that momentum was building just below resistance for a potential upside breakout, then we got the little inside bar setup just below the breakout level that provided a nice «anticipation» entry into the market.
So, here's a very simple strategy for you; wait for a key level to break, then wait for price to retrace back to it and look for a price action setup entry trigger to form near the breakout level in the direction of the initial breakout.
The bitcoin price has stayed at the breakout level all last week.
Current indicators point to higher levels, but prices have remained at the breakout level.
I had been expecting a retest of the breakout levels, but I had not envisaged a fall below $ 393.