In the example below, we can see a long - tailed pin bar that occurred within the context
of a downtrend in the EURJPY.
For example, SPDR EURO STOXX 50 (FEZ) illustrates the doggedness
of the downtrend in Europe.
With no signs
of a downtrend in cryptocurrency prices, security experts warn that bitcoin exchanges and wallet services are likely to become more vulnerable to cyber attacks.
Not exact matches
But the recent bounce
in the dollar shows that it has broken the
downtrend line and is actually finding a key level
of technical support around the 90.00 level.
The TradingAnalysis.com founder says that the greenback has broken out
of a
downtrend that has been
in place since the early»80s.
An unknown is the timing
of the reversal
in gold's
downtrend.
«The credit quality, this move up
in interest rates, this loss
of a four - decade uptrend
in bonds,
downtrend in yields, that's the source
of the volatility which I think far surpasses these amazing developments technology has come across
in the last couple
of decades,» said Gordon.
«Any type
of [continued] strength will do one thing: it will start to move us above this
downtrend line that's been
in effect for three years.»
The
downtrend in many
of these stocks was exacerbated Friday after the Dow Jones industrial average dropped nearly 666 points, marking the index's sixth - largest points decline ever.
A case
in point is the line chart
of the dollar index with a
downtrend line.
Mike van Dulken, head
of research at Accendo Markets, says
in an email on Thursday morning: «Gold has been a clear winner from the US dollar's sharp sell off following the Fed's rate hike, as the precious metal halts its
downtrend to post fresh two - week highs.
Fuel prices have been
in a
downtrend since June, losing nearly 50 percent
of their value, on the back
of a price war waged by OPEC (the Organization
of Petroleum Exporting Countries) against the U.S. shale producers and as demand from China decreased amid slowing growth.
Sierra Oncology, Inc., a clinical stage drug development company focused on advancing next - generation DNA damage response therapeutics for the treatment
of patients with cancer, went public near $ 29
in July 2015, then began a
downtrend that continued through a June 2017 all - time low
of $ 1.10.
After moving above resistance
of a
downtrend line that was
in place for more than a year, $ KOL developed a tight base off the lows that has been
in place for the past six months.
The stock bounced to $ 8.05
in 2010 and tested that resistance level
in 2013, bringing a reversal and
downtrend that posted the second higher low
of the 10 - year period
in January 2016.
The
downtrend found support just under $ 1,00
in November 2016, yieldinga test
in August
of 2017 that completed a bullish double bottom reversal.
Mannkind, which focuses on the development and commercialization
of inhaled therapeutic products for patients with diseases such as diabetes and pulmonary arterial hypertension, entered a shallow but persistent
downtrend in 2004, posting a series
of lower highs into 2015.
Medical Transcription Billing Corp., a healthcare information technology company that provides a fully integrated suite
of proprietary web - based solutions, together with related business services, to healthcare providers practicing
in ambulatory care settings, went public
in July 2014 at $ 5.00 and suffered an immediate
downtrend that continued to the April 2017 all - time low at 29 cents.
The
downtrend found support just under $ 1,00
in November 2016, yielding a test
in August
of 2017 that completed a bullish double bottom reversal.
Alaska Communications Systems Group, Inc., a provider
of advanced broadband and managed IT services for businesses and consumers
in Alaska, topped out
in the upper teens
in 2007, then began a
downtrend that found support near $ 5.00
in 2009.
Although stocks have been
in a
downtrend just 18 %
of the time, 42 %
of all losses have occurred
in that small window.
When a stock undergoes this type
of price action
in a weak market, particularly if the stock was a former leader, it often presents a rather profitable opportunity for our subscribers who are prepared to bring home the dosh
in both uptrending and
downtrending markets.
However, over the years, I have found the head and shoulders to be one
of the more reliable chart patterns (but only
in a weak or
downtrending market).
If you're new to technical analysis, the title
of this sub-heading may sound like an Italian rock band, but both terms are actually technical indicators I more frequently use
in bearish or
downtrending markets.
The virtual currency has been
in an overall
downtrend since Thursday, falling from a high
of almost $ 7,900 and breaking below $ 7,000 on Friday.
While this week's price action was certainly a step
in the right direction (so far), both the NASDAQ and Russell 2000 are now
in «no man's land» because the indexes are back above resistance
of their 20 and 50 - day averages, yet still must contend with resistance
of their prior highs and short - term
downtrend lines that have formed.
In the example chart below, we can see examples
of a
downtrend, an uptrend and an uptrend changing to a
downtrend:
With $ EWS, the monthly chart below shows a
downtrend line
in place with multiple touches
of the anchor points.
The Direxion 30 - year Treasury Bull 3X ETF ($ TMF), an index that tracks the performance
of long - term US government T - bonds, has been
in a long - term uptrend since February
of 2011, but has been
in an intermediate - term
downtrend (correction) off its highs since July
of 2012.
If $ SMH can set a higher swing low and close above Monday's high on a pick up
in volume, then it may attract enough buying interest to break the short - term
downtrend line and test the highs
of the base:
Now, it appears as though TMF is setting up to break out above resistance
of its 3 - month
downtrend line and resume the long - term uptrend that has been
in place for nearly 2 years.
Then, we simply switch to trade
in the same direction
of that trend (or remain heavily
in cash
in downtrends).
In the case of $ SMH, we see that the ETF has just broken out above resistance of a downtrend that has been in place since 200
In the case
of $ SMH, we see that the ETF has just broken out above resistance
of a
downtrend that has been
in place since 200
in place since 2004!
As you can see, since 1994 the growth
in nominal retail sales on a year over year basis has been
in a
downtrend, while the level
of consumer credit outstanding as been
in a steady uptrend.
We prefer lower risk entry points, so we look to build a position much earlier
in the base using a combination
of downtrend line breakouts, higher swing lows, and the 50ma.
Selling Pressure not only dropped [last week], but reaffirmed its long - term
downtrend by recording its lowest reading since the start
of the bull market
in 2009.
The strong rally
in Ethereum Classic is the move
of the day so far, but all
of the majors show signs
of healing, although most if the coins remain
in short - term
downtrends.
There's no RBNZ meeting but data has taken a turn for the worse since the last policy meeting with inflation falling to the bottom
of the RBNZ's target so the
downtrend for both currencies should remain
in tact.
In the case
of a
downtrend, this is when prices increase to or above the shifting average.
One major question on Wall Street is if the long - term
downtrend in rates has now reversed, how will the government pay for all
of this new debt on top
of the old debt?
After $ GDXJ pops back above its 20 - day EMA (above the $ 27.60 area), buyers should step
in due to break
of key moving average resistance, as well as a break
of the
downtrend line from the January high.
The other major coins are also lower today, but they are holding on to most
of their recent gains although Ethereum, Monero, Litecoin, Ripple are still
in a
downtrend that has been dominating trading since June.
It will become positive
in the short - term after it breaks out
of the
downtrend line.
TAC as a percent
of revenue has experienced a momentary spike
in prior years and then continued its long - term
downtrend.
Nevertheless, each
of the cryptos remains
in downtrends awaiting further confirmation
of strength that could lead to a sustainable progression higher.
Since October
of 2011, the ProShares UltraShort Real Estate ETF (SRS) has been
in a significant
downtrend.
Litecoin, which is under a constant threat
of getting caught
in a
downtrend, continues to show signs
of life.
EUR / USD: The EUR / USD is consolidating
in the context
of a
downtrend.
So,
in a
downtrend like we see below, the stop loss would be just above the tail
of the pin bar, when I say «just above» that can mean about 1 to 10 pips above the high
of the pin bar tail.
Note that Google trends only shows the overall trend and not the actual search volumes, which means that some
of these methods are still relatively popular, despite the
downtrend in search volume.