Sentences with phrase «new downtrend»
The phrase "new downtrend" refers to a situation where the price or value of something is consistently decreasing over time after a period of stability or increase. It indicates a shift in direction towards a downward movement. Full definition
It is clear the uptrend has ended but the nature of any new downtrend is not yet clear.
cnbc.com
Many people believe that when this happens it means a new downtrend starts, but they're wrong.
Not only did the S&P 500 not start a new downtrend pattern, it didn't come close to breaking the long - term trendline that has defined the nine - year uptrend.
With the exception of monumental, one - day market crashes that happen once in a blue moon, bull markets that are topping undergo a drawn - out process that usually takes at least several months before bearish momentum finally takes over and a new downtrend emerges.
Notice how price not only reversed to the downside after this fakey, but it actually kicked off a new downtrend...
However, when the market finally broke down and out from this trading range it essentially «confirmed» that a new downtrend was getting started, and this is a very important piece of information to know as we drill - down and look for price action trading strategies on the daily, 4 hour charts and 1 hour charts...
The current leg of this new downtrend extends from the January 13th high, and has formed a valid bearish resistance trendline.
Price has broken below its ascending trend line connecting the latest lows on the short - term time frames and appears to be forming a new downtrend.