Sentences with phrase «overcut of the downtrend»

The TradingAnalysis.com founder says that the greenback has broken out of a downtrend that has been in place since the early»80s.

This is usually associated with the beginning of a downtrend.

There is no indication of downtrend weakness.

This has seen a test of the downtrend, a retest and breakthrough and then a retest and rebound.

Note, these are not Fibonacci fan lines, they're a series of downtrend lines with a common starting point.

The close at 16,497 is above the value of the downtrend line and is the first signal that the downtrend has ended.

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.

In the example chart below, we can see examples of a downtrend, an uptrend and an uptrend changing to a downtrend:

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 2004!

Taking an updated look at the long - term monthly chart pattern of DGP, notice that it has also broken out above resistance of its downtrend line that began with to September 2011 high.

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:

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.

This negative positioning is supportive of a dollar bounce, says Jon, not a continuance of the downtrend, from a contrarian point of view.

Capex growth is recovering after two years of downtrend, and the investment - to - GDP ratio remains below previous cycle peaks.

The problem was whether or not bitcoin - which acts as a leading indicator for the entire cryptoasset market - would be able to successfully breakout of the downtrend it had initiated on December 17th, or not.

In the case of a downtrend, this is when prices increase to or above the shifting average.

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.

It will become positive in the short - term after it breaks out of the downtrend line.

On the weekly chart, notice that $ USO broke out above resistance of its downtrend line a few weeks ago.

EUR / USD: The EUR / USD is consolidating in the context of a downtrend.

Notice that the formation of the shooting star candlestick also occurred as $ SPY «overcut» resistance of its downtrend line from the September high.

But now, the stock has broken out of this downtrend channel and has started moving up.

This means we are not concerned with selling at the absolute top of market rallies, nor buying at the dead lows of downtrends.

For example, now that the broad market is in a confirmed downtrend (at least two «lower highs» and «lower lows» have been set), we are NOT interested in going long (buying) counter-trend bounces into resistance of downtrending stocks.

This overcut of the downtrend line is significant because it sucks in new buyers, just as institutions are starting to sell into strength.

USD / JPY: There was a rally on this currency trading instrument on Tuesday — which happened in the context of a downtrend.

We call this a «backside test of the downtrend line.»

Also, the price moved back above resistance of its downtrend line that had formed off the October high.

Starting with the weekly chart, you will see that $ EWH is testing resistance of a downtrend line that has been in place since early 2011.

The first rise pattern marks the first 100 % retracement of a downtrend within the time frame of interest.

Even though bitcoin price dropped for around $ 263 below this crucial support level, price rose above it during the next trading session and a «bullish engulfing» pattern was formed signaling reversal of the downtrend.

A double bottom chart pattern is a strong bullish price action signal that occurs at the end of a downtrend.

The definition of a downtrend is lower lows and lower highs on the price chart.

I believe this is just the start of downtrend of the interest rate cycle.

For example, if this same pin bar setup above occurred in a range - bound market or in the course of a downtrend, you would not likely set a target of more than 1 to 2; therefore the trade would be a lower probability setup.

In the example below, we can see a long - tailed pin bar that occurred within the context of a downtrend in the EURJPY.

These characteristics are the same regardless of whether the wedge forms at the bottom of a downtrend or the top of an uptrend.

It turns out that that Swing Low was the bottom of the downtrend and market began to rally above the Swing High point.

But now, the stock has broken out of this downtrend channel and has started moving up.

In the example chart below, we can see examples of a downtrend, an uptrend and an uptrend changing to a downtrend:

We can see a nice pin bar sell signal a coiling inside bar strategy that formed following retraces higher within this falling market, both setups led to the resumption of the downtrend and big down moves...

The hammer candlestick forms at the end of a downtrend and suggests a near - term price bottom.

The price action in the trading range is more likely consolidation of downtrend from 1.6721.

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.

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.

Within the context of this downtrend resistance line, price has made several breakdowns of both short - term uptrend support lines and horizontal support...

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.

For example, SPDR EURO STOXX 50 (FEZ) illustrates the doggedness of the downtrend in Europe.

If the 3 - Inside up price action pattern forms at the bottom of the downtrend, an exit or take profit is advised.