Sentences with phrase «chart resistance line»
A push above the solid chart resistance line at last week's high would negate the pennant pattern and give the bulls fresh upside technical momentum.
https://www.cannontrading.com/ Not exact matches
The addition to the chart is the upper trend line which is now acting as a resistance level.
The pink, horizontal line on the weekly chart below shows the area of resistance that $ LULU may bounce to, which may present you with a low - risk entry point for swing trading on the short side:
After rallying 30 % off its 2012 low, $ RSX subsequently pulled back and successfully tested new support (prior resistance) of its multi-year downtrend line, and now is forming the right side of this bullish chart pattern.
There was also a break above a key bearish trend line with resistance at $ 0.8750 on the hourly chart of the XRP / USD pair.
There is a tiny connecting bearish trend line forming with resistance at $ 0.8800 on the hourly chart of the XRP / USD pair (data source from Kraken).
Taking an updated look at the long - term monthly chart pattern of DGP, notice that it has also broken out above resistance of its downtrend line that began with to September 2011 high.
Another reason we would first like to see a minor price retracement from current levels before buying is that the long - term monthly chart interval shows us that $ GLD is actually running into resistance of its downtrend line from its September 2011 high:
On the daily chart below, notice how perfectly the 50 - day moving average (teal line) has been acting as resistance:
Gold bounced off a trend line support, Fibonacci 0.382 support, and past resistance turned support as depicted on the H4 chart.
On the weekly chart, notice that $ USO broke out above resistance of its downtrend line a few weeks ago.
Key HighlightsETH price is trading higher and it recently broke the $ 700 resistance against the US Dollar.There was a break above yesterday's highlighted key bearish trend line with resistance at $ 685 on the hourly chart...
There was a break above a bearish trend line with resistance at 0.0460 BTC on the 2 - hours chart of the ETH / BTC pair (data feed from Bitfinex).
Key PointsBitcoin cash price gained upside momentum and broke a major resistance at $ 1,500 against the US Dollar.Yesterday's highlighted key connecting bearish trend line with resistance at $ 1,370 was breached on the hourly chart of...
The daily chart also gives us a view that suggests that XRP was likely to close (as at 5 March) above $ 1.04329 (descending trend - line resistance on the daily chart), signaling a bullish breakout on the charts.
Key HighlightsETH price started an upside move and recovered above the $ 640 resistance against the US Dollar.There is a major bearish trend line forming with resistance at $ 674 on the hourly chart of ETH / USD (data...
Key PointsBitcoin cash price started a recovery and traded above the $ 1,300 level against the US Dollar.There is a key connecting bearish trend line forming with resistance at $ 1,365 on the hourly chart of the...
Technical outlook and chart setups: Silver is testing the resistance - turned - support line of a consolidation around $ 14.25.
Later, there was a break above a bearish trend line with resistance at 0.0460 BTC on the 2 - hours chart of the ETH / BTC pair.
There was a break above a major bearish trend line with resistance at $ 600 on the hourly chart of BCH / USD (data feed from Kraken).
Key HighlightsRipple price recovered nicely and moved above the $ 0.8100 resistance against the US dollar.There was a break above a key bearish trend line with resistance at $ 0.8200 on the hourly chart of the XRP / USD...
There are two bearish trend lines with resistance near $ 303 forming on the hourly chart of ETH / USD (data feed via SimpleFX).
Zooming into the shorter - term daily chart of $ USO, we see that the ETF broke out above resistance of its short - term downtrend line (from the April 2 high) just two days ago and is holding the breakout:
There is a new bearish trend line forming with current resistance at $ 0.2040 on the hourly chart of the XRP / USD pair (data source from Kraken).
There is a bearish trend line forming with resistance at $ 293.80 on the hourly chart of ETH / USD (data feed via SimpleFX).
The last analysis highlighted bearish trend line with current resistance at $ 15.80 on the hourly chart of ETC / USD (Data feed via Kraken) is intact.
There is a major bearish trend line forming with resistance at $ 27.00 on the hourly chart of the ETC / USD pair (Data feed via Kraken).
Looking at the chart, there is also a connecting bearish trend line with resistance at $ 1,460.
If QQQ moves above this key resistance level, there is still additional horizontal price resistance at $ 67.70 and $ 68.60 (the dashed black lines on the chart below).
Over the past five sessions, First Trust Health Care AlphaDEX ETF ($ FXH) has rallied into resistance near its previous swing high of $ 31.45 (see dashed horizontal line on chart below).
The decline also caused an ugly, wide - ranged bar to form on the weekly chart, which should now act as overhead resistance (see horizontal line on the chart below).
Starting with the weekly chart, you will see that $ EWH is testing resistance of a downtrend line that has been in place since early 2011.
You will also sometimes have existing support or resistance levels that basically run right through the center of a value area, showing about the middle of the value area, and we can see this clearly by the blue line in the chart below.
As you can see from the chart above, the zero line often acts as an area of support and resistance for the indicator.
I trade in a daily chart and check weekly chart if I'm having trouble to find a support or resistance line.
You can draw trend lines and horizontal lines to mark out support / resistance zones with any charting platform.
They'll draw their support / resistance lines on the chart.
I no longer have the fear that i used to have when entering a position, Just a combination of the daily chart, with clear resistance and support lines, plus a trend line, lets me know quickly if there is a trade here.
Often, you will see a key chart level of support or resistance lining up with a 50 % retrace level of a major move, this is a very confluent level when this happens and if you get a well - defined price action trade signal there it's almost a «no - brainer» trade, meaning you should probably take it and not think too hard.
Once these levels are identified, horizontal lines are drawn in order to define levels of support / resistance just like the chart below.
These are similar to support / resistance lines, but encompass a larger area on the charts.
Now let's look at the same chart with no indicators at all, there is nothing but pure price action and a couple of horizontal lines drawn in to show significant support and resistance levels.
See the support and resistance lines on the chart.
The inclusion of support and resistance levels (red horizontal line on our chart), along with some basic indicators, ramps up our chances of winning, thus yielding a «High Probability Fibonacci Forex Strategy.»
Zoom out of your chart and try to connect using the horizontal line tool, support and resistance price levels.
You will also sometimes have existing support or resistance levels that basically run right through the center of a value area, showing about the middle of the value area, and we can see this clearly by the blue line in the chart below.
For example, in the chart below the pin bar is showing rejection of an obvious horizontal resistance level in the market as well as the dynamic resistance between the 8 and 21 day EMAs (red and blue lines).
Traders can watch the 1 hour and 4 hour charts along with the daily, for price action sell signals on any rotation back up to resistance / value, in order to trade in - line with the downtrend in this market.
The bears have gained downside technical momentum and are on the verge of producing a bearish downside «breakout» from the sideways and choppy trading range as depicted by the support and resistance lines seen on the chart.
However, as a general rule, support and resistance lines and trend lines are good starting points for analyzing technical setups and I wrote about one such setup last week with Chris Vermeulen giving us an example in this chart of what he saw headed into the week of the 14th (chart courtesy of The Gold and Oil Guy):