Sentences with phrase «new bullish pattern»

Not exact matches

Going into this week, we have one new technical ETF swing trade setup on our watch list, which is another international ETF was a bullish chart pattern.

After rallying 30 % off its 2012 low, $ RSX subsequently pulled back and successfully tested new support (prior resistance) of its multi-year downtrend line, and now is forming the right side of this bullish chart pattern.

Gold is rallying ever closer to new bull - market highs as evidenced by its massive multi-year ascending - triangle chart pattern now nearing a bullish climax.

You could enter the trade when and if the new candle (the candle after the bullish piercing pattern) breaks the high of the previous candle.

Howbeit, the pattern is triggered in the form of a diamond top (bearish signal) and diamond bottom (bullish signal), and usually typifies a period of congestion before a new trend emerges in the market.

If Litecoin is able to continue its new bullish sentiment, we could see a potential Double Bottom reversal chart pattern which could take the digital currency back up to the 50 % Fibonacci retracement level and February high of $ 250.