Sentences with phrase «nearest swing low»

During a downtrend to trade the fade, you would buy shares near the swing low if you expect the stock to rebound and go back up.

The 61.8 % extension is at $ 3095 and near the swing low while the 76.4 % extension is at $ 2852.

Not exact matches

A pullback buy entry into $ XBI could be made near current levels, with a stop below the 40 - week moving average (or prior swing low for a looser stop).

In this post and in the May 2 issue of The Wagner Daily, we said, «If the S&P loses support of its two - day low (1,394 at that time) and doesn't recover quickly, we anticipate a retest of the 1,357 swing low in the near - term.»

On April 15, the NASDAQ brothers dipped below pivotal support of their February 5 «swing lows» on an intraday basis, then recovered to close near their highs of the day.

The coin is currently testing the upper boundary of the pattern, and another leg higher in the trend is likely after establishing a swing low near the $ 0.20 level.

Conversely, an inverse head and shoulders is bullish when it forms around the near - term lows of a protracted downtrend, and will frequently lead to new «swing highs.»

In late December, $ RSX formed a second higher low, right at near - term technical support of the 20 - day EMA, which led to a failed breakout above the prior swing high.

When Bernanke and his colleagues lowered the rate to near zero in December 2008 — it had been 5.25 % just 15 months earlier — the financial crisis was in full swing.

Short - term resistance is still ahead near $ 8400 with a stronger zone found between $ 9000 and $ 9200, while primary support below the recent swing low is between $ 6750 and $ 7000.

In the near - term, $ SPY (S&P 500) is in better technical shape than $ QQQ (NASDAQ 100), as it isn't still well above support of its prior swing low from February.

More recently, Piper Jaffray upgraded DLTR from neutral to «overweight» and raised its target to $ 112.2 Given the stock's relatively limited downside risk — assuming a move below one of the two most recent swing lows would negate a bullish outlook — and its industry's recent strength, some traders may be looking to see if the stock can close some or all of that gap in the near future.

At the point you feel the market is going to swing down, you can look for a binary strike near the lower target of 41.85.

If instead it collapses in a big range bar through the trendline and the bar closes near its low, the bull swing might be over.

Stop - losses are positioned near 2 - 3 pips below the last low point of the swing accordingly, and take - profits should remain within 8 - 12 pips from the entry price.

A small low pressure system is now expected to develop near the Washington state coastline on Thursday and swing southward down the Pacific coast into Northern California on Friday.

A stop - loss would be prudent at / or near the bottom of the last significant downward price swing of the pattern from the resistance level to the lower trend line (at about $ 324.00).

The 23.6 % Fib retracement level with the previous swing high of $ 534 and $ 453 low is the short - term resistance near $ 470.

Key Highlights ETH price failed to gain traction and declined back towards the last swing low near $ 360 against the US Dollar.

Key Highlights Ethereum classic price declined and retested the last swing low near $ 13.00 - 13.20 against the US dollar.

The pair is now trading near the last swing low of $ 625.

Prices are well supported near $ 52, which represents the swing low from Oct. 23.

The short - term correction remains dominant, but a rally above the Saturday high near $ 10,500 would confirm a swing low, which could lead to a quick rally to new highs after the correction.