Sentences with phrase «major uptrend line»

This was an area that held support previously, and of course was just below the major uptrend line.

Not exact matches

Although it is bearish that SPY now has a plethora of overhead supply and technical resistance levels to contend with, one potential ray of sunshine in the storm clouds is that SPY is coming into major support of a year - long uptrend line.

Several weeks ago, the spot gold commodity broke down below major support of a multi-year uptrend line.

Specifically, the main stock market indexes are not only at key support of major moving averages, but also testing support of important uptrend lines.

If the 5 - year uptrend line is broken, the next major support level would be found around $ 70, which is the last big base of price consolidation.

If you want to know when to expect a major change in market sentiment, I recommend you watch this 5 - year uptrend line closely, as a breakdown below that level could lead to a new bear market in the NASDAQ.

The price broke a major bearish trend line at $ 460 to initiate the current uptrend, which is a positive sign.

The digital currency fell below the $ 16,000 level (Bitstamp prices) marking a 20 % decline from its recent all - time high, just after breaking below a major technical level, the previously dominant short - term uptrend line.