So,
in a downtrend like we see below, the stop loss would be just above the tail of the pin bar, when I say «just above» that can mean about 1 to 10 pips above the high of the pin bar tail.
So,
in a downtrend like we see below, the stop loss would be just above the tail of the pin bar, when I say «just above» that can mean about 1 to 10 pips above the high of the pin bar tail.
Not exact matches
If you're new to technical analysis, the title of this sub-heading may sound
like an Italian rock band, but both terms are actually technical indicators I more frequently use
in bearish or
downtrending markets.
However, the market has it valued much more
like Deckers (DECK), which saw a 17 % decline
in revenue over the past twelve months and has a long - term
downtrend in ROIC.
- Copper is putting
in a meaningfully large triangle pattern on the weekly chart that comes at what looks
like may be the end of a major
downtrend.
In the worst case scenario LBC / USD could get back to $ 0.15 form a double bottom, but it doesn't seem
like the
downtrend is valid, and chanced of growth are much higher than the
downtrend continuation.
Similarly, stocks
in a
downtrend were dropped
like hot potatoes.
The cut vocal chords for the canaries notwithstanding, there have been scores of warning signs for the present
downtrend in popular U.S benchmarks
like the S&P 500 and Dow Jones Industrials.
In the same AUDUSD chart that we looked at above, we can see what the experience might have been
like for the «bottom picker» trying to trade against the strong
downtrend.
The charts of these three exchange traded funds suggest that commodities are stuck
in a
downtrend and it doesn't look
like it will reverse any time soon.