A market in a strong downtrend should make lower
highs on pullbacks.
Not exact matches
On Feb. 8, the Dow Jones industrial average, S&P 500 and Nasdaq composite all closed about 10 percent below record
highs set Jan. 26, notching the first
pullback of that magnitude since 2016.
Saddam's statue was toppled
on April 9 of that year, which led to a small
pullback, but stocks continued
higher throughout the rest of the year as the market recovered from the dot - com bust.
Although we would prefer to enter $ KOL as a
pullback buy entry, a breakout entry
on the next move above the horizontal pivot may be in order if the ETF continues to hold near the
highs of its recent range.
Therefore, our entry was
on a
pullback from the
highs, rather than a bounce off the lows:
It was pressured down to its low by a rising dollar (DX from 89.88 — 90.20, 2 - week
high), which was boosted by a softening yen (107.35 — 107.70, rising US yields) a continued decline in the pound ($ 1.4095 - $ 1.4035, fallout from BOE's Carney comments that they could hold off raising rates next month), and a
pullback in the euro ($ 1.2350 - $ 1.2295, miss
on German PPI).
We are now monitoring $ FXE for a potential low - risk buy entry point
on a
pullback, especially if the price action can test the rising 20 - day exponential moving average, along with forming a «
higher low.»
This would potentially put some price pressure
on the preferred share market in the short - term, but any
pullbacks could represent opportunity to source
higher yields.
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:
Considering the market has been
on a historic run to continuous record
highs and double - digit gains over the past year, it's not entirely unexpected to experience a
pullback.
Looks like we've got a
pullback coming in
on the Crypto market at the moment with many coins down 10 % or more off of their all - time
highs.
Scenario C is a slightly deeper
pullback to the 20 - day EMA, which would be the most patient entry, but one that also presents the
highest risk of missing out
on the trade.
There is one new official setup
on today's watchlist in $ AAOI, which recently gapped to all - time
highs on big volume and is now in
pullback mode after printing a lower
high and lower low last Friday.
In this stock trading strategy video, we show you a way to quickly, in a matter of minutes, find the strongest stocks and ETFs in the market that are presently
on slight «
pullbacks» off their
highs.
WTI crude oil futures have traded lower in the prior three days following the
pullback on the fresh three - year
high of 64.80.
When scanning for
pullbacks on weekly charts, the prior
highs of a legitimate base typically provides strong support because a prior resistance level becomes the new support level after the resistance is broken.
EEM could offer a buying opportunity
on a breakout above the three day
high near $ 44.10 or
on a
pullback and undercut of its 20 - day EMA.
As such, we began stalking $ TRUE for a potential
pullback buy entry point as it pulled into major support of its prior
highs, as shown
on the weekly chart below:
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The «daily pivot» strategy is considered a unique case of reverse trading, as it centres
on buying and selling the daily low and
high pullbacks / reverse.
I'm actually hoping for a broader market
pullback over the next couple months, which would surely bring down the prices
on some of the
high quality companies I'm currently invested in and also those that I long to own a piece of.
With the markets just reaching new
highs maybe having a little cash
on hand buying in, if there is a
pullback is something to think of.
Advising the National Gas Company of Trinidad and Tobago in a mediation and ICC arbitration in a dispute with its contractor arising from the catastrophic failure of a pipe
pullback operation for an LNG plant and the successful settlement of follow
on Commercial Court claims against insurers before the English
High Court.
News.Bitcoin.com Bitcoin markets experienced a bit of a
pullback on October 23 as prices dipped roughly 3 percent after reaching new
highs this past -LSB-...]
Looks like we've got a
pullback coming in
on the Crypto market at the moment with many coins down 10 % or more off of their all - time
highs.
Bitcoin price is exhibiting more bullish momentum but could use a quick
pullback before going
on another leg
higher.
At one point, the Bitcoin price crashed as low as $ 10,700
on Bitfinex, representing a $ 9,000
pullback from its
high - water mark and forcing the market cap to below $ 200 billion.
There are going to be some situations where loan availability for properties with
higher leverage or in less favorable locations will be impacted, with a potential
pullback on overall leverage, says DeRoy.