Sentences with phrase «downtrend line from»

However, a close above Wednesday's high, which converges with the downtrend line from the July 1 high, could still spark a short - term pop up to the $ 114 — $ 115 area.

Notice that the formation of the shooting star candlestick also occurred as $ SPY «overcut» resistance of its downtrend line from the September high.

After $ GDXJ pops back above its 20 - day EMA (above the $ 27.60 area), buyers should step in due to break of key moving average resistance, as well as a break of the downtrend line from the January 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:

This is one of several reasons our market timing system shifted from «buy» to «neutral» mode on December 13, after several major indices formed «shooting stars» on their weekly charts while running into the downtrend lines from their September 2012 highs.

Not exact matches

The four downtrend lines have a common starting point from the high of October 2012.

The «cup» was formed after the low of the pullback that tested the downtrend line on the weekly chart above, and the «handle» has been forming the right side of the chart pattern just below the prior highs from September of 2012:

For a bearish trend (downtrend), you will do just the opposite and start by drawing a line from the highest high to the next lowest high and so on.

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:

From a technical perspective the Nikkei is now trading at a 15 year high and while that might give you pause, it is also now above a downtrend line that had capped the market for 20 years.

As the downtrend starts and the fast line diverges away from the slow line, the histogram gets bigger, which is excellent indication of a strong trend.

Bitcoin is likely to face resistance between the $ 3955 and $ 4100 levels, from both the moving averages and the downtrend line.

The current pullback is likely to face resistance between $ 1150 and $ 1325 levels, from the 20 - day EMA and the downtrend line.