Sentences with phrase «confirms downtrend»
This is a third feature that confirms downtrend strength.
https://www.cnbc.com/
This confirms the downtrend continues to develop strength.
This is where our objective, rule - based market timing model really shines, as it prevents us from selling short when the main stock market indexes are still trending higher (or going long when the broad market is in a confirmed downtrend).
When the stock market is already in a confirmed downtrend and -LSB-...]
For example, now that the broad market is in a confirmed downtrend (at least two «lower highs» and «lower lows» have been set), we are NOT interested in going long (buying) counter-trend bounces into resistance of downtrending stocks.
but lower lows and lower highs will confirm a downtrend.
Not exact matches
Now that $ SMH has finally broken out to a new 52 - week high, the breakout above the nine - year downtrend line shown above is becoming confirmed.
If the price breaks the resistance zone formed by the downtrend line and the resistance level, it will give us a signal confirming further upward movement...
The downtrend was confirmed when it broke below critical...
To trade the dragonfly doji as an entry trigger, you would go through the same steps, except you would wait for a dragonfly doji to appear after a downtrend, and you would wait for a bullish confirming candlestick.
However, when the market finally broke down and out from this trading range it essentially «confirmed» that a new downtrend was getting started, and this is a very important piece of information to know as we drill - down and look for price action trading strategies on the daily, 4 hour charts and 1 hour charts...
In a downtrend, if the oscillator fails to confirm a new low in the price trend, a positive or bullish divergence exists, which warns of a potential price advance.
Since our last long - term fractal update, the bull trend failed to confirm after the rising wedge broke down at $ 11,700 and we started a steep downtrend which made new lows at $ 8,350 few days...