Sentences with phrase «horizontal resistance line»
It has broken above its $ 2.50 horizontal resistance line yesterday and did a re-test of the $ 2.50 again and is holding well now.
http://singaporehumblestock.com/ Not exact matches
The pink, horizontal line on the weekly chart below shows the area of resistance that $ LULU may bounce to, which may present you with a low - risk entry point for swing trading on the short side:
The prior lows from the previous trading range (the dashed horizontal line) will also act as a substantial area of resistance.
Drawing horizontal lines at these price levels can help you develop a sense of where the selling pressure overcomes buying pressure, at support, and buying pressure overcomes selling pressure at resistance.
If QQQ moves above this key resistance level, there is still additional horizontal price resistance at $ 67.70 and $ 68.60 (the dashed black lines on the chart below).
The SLV ETF (Silver Trust) moved above resistance near the 50 - day moving average on Monday and continues to forge higher toward target resistance that is designated by a horizontal trend line that comes in near 22.50.
Over the past five sessions, First Trust Health Care AlphaDEX ETF ($ FXH) has rallied into resistance near its previous swing high of $ 31.45 (see dashed horizontal line on chart below).
The decline also caused an ugly, wide - ranged bar to form on the weekly chart, which should now act as overhead resistance (see horizontal line on the chart below).
You can draw trend lines and horizontal lines to mark out support / resistance zones with any charting platform.
I find it more subjective and that is why I do prefer to use only horizontal lines for support and resistance like the example below:
These can be trend lines, horizontal support or resistance, and even Fibonacci retracement levels.
Once these levels are identified, horizontal lines are drawn in order to define levels of support / resistance just like the chart below.
Let's look at the horizontal lines of support and resistance.
Now let's look at the same chart with no indicators at all, there is nothing but pure price action and a couple of horizontal lines drawn in to show significant support and resistance levels.
The inclusion of support and resistance levels (red horizontal line on our chart), along with some basic indicators, ramps up our chances of winning, thus yielding a «High Probability Fibonacci Forex Strategy.»
Zoom out of your chart and try to connect using the horizontal line tool, support and resistance price levels.
For example, in the chart below the pin bar is showing rejection of an obvious horizontal resistance level in the market as well as the dynamic resistance between the 8 and 21 day EMAs (red and blue lines).
Resistance levels are horizontal lines that define the upper level of trading, the place where there are more sellers than buyers.
Within the context of this downtrend resistance line, price has made several breakdowns of both short - term uptrend support lines and horizontal support...
Forex trading Resistance levels are also horizontal lines that appear on the upper side of the chart.
Notice how the 1150 area (pink horizontal line) is turning into heavy resistance again, just as it did in January.
Ascending triangles represent market supply and demand forces of a stock that is building support through the uptrend and encountering resistance at the horizontal line.
Ethereum continues to rally towards our first target of $ 381, where it is likely to face dual resistance from the horizontal line and the rising wedge.