However, a four - week - old downtrend on the daily bar chart has been negated and prices have seen a bullish upside «breakout» from the recent sideways and
choppy trading range.
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.
Not exact matches
«Instead, we are likely to see a rolling bear market across individual stocks and sectors that results in a
choppy,
range -
trading index for years,» Wilson said.
The combination of
trading both individual stocks and ETFs in our newsletter enables us to realize maximum gains in strongly trending, healthy markets, while still having the ability to profit from from
trading currency, commodity, international, or fixed income ETFs, all of which typically have a low correlation to the direction of the stock market, in
choppy or
range bound market environments.
Given the immediately negative reaction to earnings of Apple ($ AAPL), which was
trading 6 % lower in yesterday's after hours
trading, leading stocks, ETFs, and the main stock market indexes could now be on the verge of finally moving out of the
choppy, erratic
range of the past several weeks, albeit entering into a new intermediate - term downtrend.
If your favourite pair or market is in a
choppy / not - worth -
trading state, go look at some other charts perhaps, and see if there is a nice trend or a good
trading -
range in one of those markets.
Trading in a consolidating market is best done when a market is
range - bound; in a larger consolidation phase rather than in a tight «
choppy» consolidation phase.
In the chart below, we can see an example of a tighter consolidation area or «
choppy» price action and then a larger consolidation area that was a more defined «
trading range»:
See on the daily bar chart for June T - Bond futures that prices have moved into the lower half of a
choppy and sideways
trading range of the past couple months.
This 800 point
range will eventually break one way or another for good and we will
trade in the direction, but until then we must expect very
choppy range bound
trading with many little scalp
trade setups and failed moves.