Sentences with phrase «failed breakout»
The phrase "failed breakout" means that an attempt to escape or break free from a situation or place was not successful. Full definition
As long as we don't start seeing a bunch of failed breakouts in the top growth stocks, it's probably safe to say overall market sentiment is okay.
morpheustrading.com
If you are new to trading, you may understandably assume failed breakouts are a bad thing.
The important thing about failed breakouts or false - breaks of trading ranges, is that they are excellent trading opportunities to take advantage of.
The stock fails the breakout — you wait and do nothing.
S&P Midcap 400 failed a breakout attempt in July of 2016, but succeeded during its subsequent breakout attempt four months later.
Often, failed breakouts at the highs simply indicate a lengthier period of base building is required.
Once we confirm that the market is ranging, be doubtful of positive ADX slope signals as failed breakouts are common.
Mike Cintolo discusses the market's recent failed breakout attempt and the abnormal selling he's seen in growth stocks.
Indeed, with failed breakouts and its relative strength line lagging, Facebook has been stripped of its leadership status.
Notice, for example, that $ SPY failed its breakout attempt to new highs in August, but $ PGJ held its breakout and pushed significantly higher.
«It's just the market has gotten choppy near term and we have a failed breakout that we have to digest for the near term.»
A pullback in 2015 triggered a failed breakout, delivering a decline that continued into a November 4 - year low at $ 1.50.
However, the pullback from the failed breakout in early January again looks to have found support at the rising 20 - day EMA.
iShares MSCI Singapore Index Fund ($ EWS) is back on our watchlist after a failed breakout attempt last February.
In late December, $ RSX formed a second higher low, right at near - term technical support of the 20 - day EMA, which led to a failed breakout above the prior swing high.
Today's session could bring some clarity, as equities are trading near the upper boundary of their ranges after the dovish ECB meeting minutes, and those who fancy shorts, could a good entry point in the case of a failed breakout.
The combination of the failed breakout in $ RNG and ugly breakdown in the S&P 500 prompted us to ditch the stock to cut long exposure in case of continued market selloff — big time mistake!
A pullback into 2015 triggered a failed breakout, delivering a decline that continued into a November 4 - year low at $ 1.50.
But the reality is that failed breakouts that hold support of the prior range often lead to some of the most explosive breakouts on the second breakout attempt.
We wouldn't be surprised to see a failed breakout at the 13,300 mark if the Dow is to move to significantly higher ground.
After looking like it was going to have a failed breakout, the bulls defended the down trend line and we are now back above it, with a significant gap and go.
Over the last month we have had a failed breakdown and a failed breakout creating another 100 point box.
We are now back below 115 on a weekly close which basically confirms a failed breakout.
Failed breakouts are a very strong pattern and in cases can signal a change in trend.This type of entry does not mean the trade has to work, rather the distance from the entry to where the trade is failing usually is not a lot of ticks away.