Sentences with phrase «of bearish momentum»

A quality 1 hr pin bar sell signal formed at a confluent intra-day resistance level and in the direction of the bearish momentum on the daily chart.

Not exact matches

If the price action follows through to the downside today (January 30), then bearish short - term momentum will likely take the index down to the 4,000 area (support of the December 2013 lows).

If it does, bearish momentum could quickly spark a sell - off down to the 50 % Fibonacci retracement level (just above 4,200), which roughly converges with support of the 40 - week / 200 - day moving average.

Last week's stock market plunge is a perfect example of how quickly the momentum can switch from bullish to bearish.

Key PointsBitcoin cash price gained upside momentum and broke a major resistance at $ 1,500 against the US Dollar.Yesterday's highlighted key connecting bearish trend line with resistance at $ 1,370 was breached on the hourly chart of...

On the other hand, the price zone of 1.3370 - 1.3400 remains a significant support zone to be watched for valid buy entries if the current bearish momentum persists below the mentioned key level (1.4100) and 1.4000 (a prominent Weekly Support).

The overall bearish picture is unchanged, as although some of the largest coins broke their steepest trendlines, for a trend change, stable bullish momentum and an established leadership would be necessary.

If gold convincingly breaks down below the 2012 low of $ 1541, bearish momentum could send the price sharply lower.

So, we had confluence with the bearish momentum, the rejection of resistance, and an obvious price action setup.

• The pin bar itself was long - tailed, this means the tail showed a very «forceful» rejection of higher prices and it was also in - line with the fresh bearish momentum.

All of these setups were with the recent daily bearish momentum and worked out quite nicely for savvy price action traders.

Combine that with a valid price action strategy and the right amount of bullish or bearish momentum, and you have a winning combination.

Although the range of Tuesday's move isn't quite as extensive as I'd like, the pin bar shape, bearish momentum, and key level are all there.

The bears have gained downside technical momentum and are on the verge of producing a bearish downside «breakout» from the sideways and choppy trading range as depicted by the support and resistance lines seen on the chart.

Indeed we propose a simple model of the price dynamics in which the return growth depends on three components: a) a momentum component, naturally justified in terms of agents» belief that expected returns are higher in bullish markets than in bearish ones; b) a fundamental component proportional to the log earnings over price ratio at time zero.

If a spring green upward pointing arrow of the SimpleMovingAveragesSignals.ex4 custom indicator positions below the candlesticks as depicted on Fig. 1.1, bearish momentum is said to be halting, hence an exit or take profit is highly recommended.

A test of the lows is still in the cards given the bearish short - term setup, but the bearish momentum is not strong from a long - term perspective, and the long - term buy signal is still justified.

While the momentum of the move is impressive and some bearish trendlines have been already broken, it's too early to conclude that the current rally is anything more than an oversold bounce, even as the extremely bearish sentiment of the recent period would justify a more durable relief rally.

As the market has observed through most of 2018 so far, cryptocurrencies across the board are still stuck within a bearish trend, momentum is very much to the downside.

The Litecoin price is seen up around 5 % on Tuesday, enjoying some time out of the strong bearish momentum, that has been dominating the crypto market over the past few weeks.

Technically, NEO / USD momentum is very much bearish, the next downside target is eyed at 18th March lows, $ 49, then 22nd December lows, $ 32, prior to the end of year bull run.

The Bitcoin Cash price is nursing some losses of around 5 % In trading on Wednesday, the price momentum is continuing with a firm bearish trend.