Sentences with phrase «daily downtrend line»

Not exact matches

The weekly chart below shows the long - term uptrend in TMF, while the daily chart that follows shows the potential breakout above the intermediate - term downtrend line.

We are looking to sell again this week, in - line with the daily chart downtrend that we can see is in place in this market.

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:

Because of the clearly defined short - term downtrend line off the highs of the dominant uptrend, we notified subscribers of The Wagner Daily that we would be entering IYR on a breakout above that downtrend line, which occurred on March 12:

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.

There is still a stubborn downtrend line in place on the daily bar chart for December gold futures.

See on the daily bar chart for November Nymex crude that the upside price action negated a downtrend line.

Forex trading Trend lines can show a direction up, down or lateral, and they are seen by drawing a straight line above the daily highs in a downtrend and a straight line below the daily lows in an uptrend.

however those trades were with the underlying trend on all higher TF (which is down), and consistent with fundamentals (euro zone difficulty, US economic data still poor) and shorting after a large increase in downtrend is higher % probability, also they were close to their daily trend line a good place to go short