As long as 1.4457 resistance holds, the price action from 1.4218 is treated as consolidation
of downtrend from 1.5144 and one more fall towards 1.4100 is still possible after consolidation.
EURUSD stays in a rising price channel EURUSD stays in a rising price channel on 4 - hour chart, and the price action in the channel is more likely consolidation
of downtrend from 1.5144.
The price action in the trading range is more likely consolidation
of downtrend from 1.6721.
Not exact matches
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.
The four
downtrend lines have a common starting point
from the high
of October 2012.
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.
This is one
of several reasons our market timing system shifted
from «buy» to «neutral» mode on December 13, after several major indices formed «shooting stars» on their weekly charts while running into the
downtrend lines
from their September 2012 highs.
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.
The «cup» was formed after the low
of the pullback that tested the
downtrend line on the weekly chart above, and the «handle» has been forming the right side
of the chart pattern just below the prior highs
from September
of 2012:
Another reason we would first like to see a minor price retracement
from current levels before buying is that the long - term monthly chart interval shows us that $ GLD is actually running into resistance
of its
downtrend line
from its September 2011 high:
This negative positioning is supportive
of a dollar bounce, says Jon, not a continuance
of the
downtrend,
from a contrarian point
of view.
Tracking closely the price
of bitcoin, the virtual currency has also been on a
downtrend since Monday, when the price fell
from a high
of about $ 298.
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.
Zooming into the shorter - term daily chart
of $ USO, we see that the ETF broke out above resistance
of its short - term
downtrend line (
from the April 2 high) just two days ago and is holding the breakout:
Notice that the formation
of the shooting star candlestick also occurred as $ SPY «overcut» resistance
of its
downtrend line
from the September high.
But for now, maintaining a small percentage allocation
of short / bearish exposure may help to reduce overall portfolio risk by basically «hedging» until / unless the
downtrend from the September 2012 highs is convincingly reversed by the formation
of two «higher lows» and «higher highs» on the daily charts.
In the halcyon days this was the rate
of inflow every three days (it's important to note that crowdfunding amounts vary, but there seems to be a general
downtrend in the market
from the data we were able to collect).
# 1 Breakout
from Downtrend Channel: As you can see from the daily chart of PZZA below, the stock was within a short - term downtrend channel for the p
Downtrend Channel: As you can see
from the daily chart
of PZZA below, the stock was within a short - term
downtrend channel for the p
downtrend channel for the past year.
Unlike our stock trading strategy, which focuses primarily on Breakouts and Pullbacks in uptrending markets, we afford ourselves a bit more diversity with our ETF trading strategy because we also seek to take advantage
of ETFs reversing
from downtrends.
Similar to other cryptocurrencies, litecoin has also been in a
downtrend since September 18, when the price started to drop
from a high
of about $ 57.
Homebuilder sentiment is near recovery highs, yet the relative strength
of the SPDR S&P Homebuilders ETF (XHB, $ 37.49) has been in a multi-year
downtrend and recently began to roll - over
from a lower - high, as shown in the following chart.
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...
As the
downtrend starts and the fast line diverges away
from the slow line, the histogram gets bigger, which is excellent indication
of a strong trend.
However, the practice
of buying
downtrending stocks is such a pervasive and major error that the importance
of eliminating it
from your bag
of tricks can not be overemphasized.
If price action breaks above current session highs in an uptrend OR breaks below current session lows in a
downtrend from that 2 pm EST zone, expect a strong continuation
of the directional trend into the final hour and / or closing bell.
If a longer term moving average is employed (ie., 40 day moving average) the time lag between the transformation
from an uptrend to a
downtrend will be delayed long after the change
of price trend is underway.
As long as the channel resistance holds, the price action
from 1.0132 is treated as consolidation
of downtrend and one more fall below 1.0132 is still poss...
However, the price action
from 1.0035 is more likely consolidation
of downward trend
from 1.0338, another fall towards 0.9900 is still possible after consolidation, and a breakdown below 1.0035 could signal resumption
of downtrend.
Rise towards the upper border
of the falling price channel is expected later today, and a clear break above the channel resistance will indicate that the
downtrend from 1.0507 has completed, then another rise to 1.0800 could be seen.
The current leg
of this new
downtrend extends
from the January 13th high, and has formed a valid bearish resistance trendline.
Pullbacks occur during uptrends and
downtrends in the form
of temporal reversals
from the current trend.
Bears are exhausted.Warning
of possible trend direction change
from downtrend to uptrend.
Bulls are exhausted.Warning
of possible trend direction change
from uptrend to
downtrend.
Of course, it's easier to profit
from short sales in
downtrends because, as Martin Zweig wisely says in his 1986 classic Winning on Wall Street, «the trend is your friend».
X-to-A ideally moves in the direction
of the overall trend, in which case the move
from A-to-D reflects a short - term correction
of established
downtrend.
Then after the next big upsurge
of warming there was a slightly shallower / less shallower
downtrend from 1940 - 1950 along with a slight uptrend
from 1950 - 1980, followed by a much more pronounced uptrend 1980 - 1998.
However, Bitcoin in particular has proved to be a strong cryptocurrency and has recovered
from the many
downtrends it has faced so far in its 9 years
of life.
A lesser known cryptocurrency by the name
of Aeternity (AE) is up more than 70 % over the last week, defying a broad
downtrend that has shaved tens
of billions
of dollars
from the market.
Still, ether appears to be bucking its recent
downtrend, rising more than 35 % over the last week, up
from the $ 227 total observed at the start
of trading on August 2.
Although Kobayashi received permission
from the Tokyo District Court to sell a certain amount
of BTC and BCH, he is being criticized for selling the funds on online exchanges, as this decision has allegedly been the cause
of several market disturbances contributing to the
downtrend.
As volatility makes a comeback in crytocurrencies, more so in Bitcoin, the price
of the biggest digital coin falls below $ 9,000 and below the very trendline it broke out
of last week, signalling the resumption
of downtrend which started
from its January high.
Many in the investor community continue to believe that the sudden shooting up in the price
of Bitcoin
from $ 6,000 levels is only is only a «corrective rally» and there is a bigger
downtrend to be followed soon after.
Show (don't tell) the reader that you are capable
of helping them lift themselves
from the slog
of this
downtrend and into a robust, revenue - multiplying and profit expanding new place.