Sentences with phrase «nearing key resistance levels»
Additionally, it is important to note that several of the broad - based indexes are at or nearing key resistance levels on their daily charts.
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As you will notice on the charts of the Nasdaq Composite, S&P 500 and Dow Jones Industrial Average below, we are now at or near key resistance levels on all three indices.
You notice that GBP / USD is also trading near a significant support level and both the USD / CHF and USD / JPY are trading near key resistance levels.
However, the mentioned recovery was capped as coins faced sellers near key resistance levels.
Not exact matches
The key confirmation breakout level is resistance near $ 18.75.
Now that you are up to speed on key near and intermediate - term support and resistance levels in the broad market, consider setting price alerts on your trading platform so that you can be instantly notified when a key level is violated.
The recent high - volume breakout above key resistance at the $ 55.50 level, followed by lighter volume consolidation, means that a volume - fueled move above the three - day high of $ 58.00 could present a near - term buying opportunity in this ETF:
We still expect a rally above the key resistance zone near $ 0.22 level soon as the effects of the broad correction wane.
In the chart below, we can see an obvious pin bar reversal setup formed near a key market resistance level, indicating that a move lower was a strong possibility.
If the market does move higher from this pin bar we see key resistance coming in near 1.5830 — 1.5870 and any moves higher could be contained below that level in the near - term.
If the S&P manages to clear the 1,420 level, its next key resistance is near 1,440:
Further strong resistance levels are ahead near $ 240 and $ 280, while key support is found at $ 175 and $ 150.
1) A key resistance level was established near 9735.00 — 9700.00 in the DAX30 market (German Stock Index).
In the chart below, we can see an obvious pin bar reversal setup formed near a key market resistance level, indicating that a move lower was a strong possibility.
I suggest you check the average true range of the pair or market you are trading and make sure your stop loss is at least outside of that as well as beyond any near - term or nearby key support or resistance levels.
If the market does move higher from this pin bar we see key resistance coming in near 1.5830 — 1.5870 and any moves higher could be contained below that level in the near - term.
What I have done here is simply drawn in the obvious key support and resistance levels and then highlighted the valid price action trade setups that formed near these levels.
Key resistance is coming in up near 110.00 area and this level could cause price to rotate significantly lower again if it tests it in the coming days.