Sentences with phrase «follow recent price action»
A shorter moving average, such as a 50 - day moving average, will more closely follow the recent price action, and therefore is frequently used to assess short - term patterns.
https://www.fidelity.com/
It highlights the idea that people, even really bright people, do not behave rationally, but imitatively — they follow recent price action — they mimic.
Following the recent price action in the AUDUSD, we are initiating a short bias under 0.7611 handle, which is now a strong containment level for prices.
Not exact matches
Still, the recent bottoming action in gold prices in 2014 matches the bottoming action of the SP500 in 2010, in the months following the May 2010 Flash Crash.
Now, this setup was definitely more advanced because it was against the recent bearish momentum, however, given the obvious false break and the consecutive inside bars that followed, forming above support, it was a valid price action setup worth taking.
Zooming in on the recent price action shows that after the stock joined the NDX in breaking out to record highs on Friday, it followed up with another big day yesterday, gaining more than 2 % and topping $ 125.
BTC markets have produced sideways consolidatory price action in recent days, following bitcoin's dramatic crash from almost $ 20,000 USD to test a low of approximately $ 11,000,...