Sentences with phrase «overcutting key resistance»

Forty - six dollars is the key resistance level.»

Looking at technicals, Colvin sees $ 1370 as a key resistance level.

Continuing a recent recovery, a key biotech ETF rose 0.9 percent Thursday, topping its key resistance level of $ 300 for the first time since January.

Ideally, we were prepared to enter a short position if $ GLD bounced into key resistance of its 50 - day moving average, which would have provided us with a low - risk entry point with a very positive reward - risk ratio.

Given the favorable long - term setup, we still expect the rally to resume, with key resistance ahead at $ 10,000 and $ 10,500, and strong support at $ 8400.

After several days of encouraging price action, the NASDAQ Composite edged back above key resistance of its 20 and 50 - day moving averages, while the benchmark S&P 500 simultaneously marginally rallied to a fresh all - time high.

Notice, this was only a 1R profit with the reason being, there was a key resistance level coming into play before 2R would have been hit, so logic would dictate we exit ahead of the key level rather than hoping and praying price breaks through it.

Specifically, each of these indexes are now testing key resistance of their multi-year highs that were -LSB-...]

This was a well - defined setup that formed off a key resistance level, so certainly it was a valid instance of our price action trading edge.

After rising for two straight weeks, the USD / JPY has reached a key resistance zone in the 107.30 - 108.05 range.

Technicals: Price action has nudged out above first key resistance at 1339.6 - 1340.2, we must now see... Please sign up for a Free Trial at Blue Line Futures to view our entire technical outlook and proprietary bias and levels.

Let's take a look at a chart example: In the chart below we would have anticipated another move lower if price got back up to the key resistance level and event area at 0.8400.

Specifically, each of these indexes are now testing key resistance of their multi-year highs that were formed in March or April of this year.

The recent high - volume breakout above key resistance at the $ 55.50 level, followed by lighter volume consolidation, means that a volume - fueled move above the three - day high of $ 58.00 could present a near - term buying opportunity in this ETF:

SPY (SPDR S&P 500 ETF) recently broke through a key resistance level in the $ 122 - $ 123 range.

Since we are close to testing and / or overcutting key resistance levels right now, it is very important to exercise caution and only take on potential long entries in ETFs and stocks with the most relative strength to the broad market:

When priced against BTC, EOS has gained over 45 % in the last fortnight, with current prices at around 0.0012676 BTC, and is currently testing a key resistance area.

The 50 % level was a key resistance level and was broken last week, so it could now act as support.

We still expect a rally above the key resistance zone near $ 0.22 level soon as the effects of the broad correction wane.

The key resistance levels are shown below and they coincide with the gaps in September.

The cryptocurrency crossed the key resistance of $ 0.2543 in a convincing manner on April 16 and has hit a high of $ 0.2928 — a level last seen on March 6.

As you will notice on the charts of the Nasdaq Composite, S&P 500 and Dow Jones Industrial Average below, we are now at or near key resistance levels on all three indices.

On May 27, the NASDAQ Composite jumped 1.2 %, but that rally put the index right at key resistance of the top of the «left shoulder» shown on the topping pattern that is in play on the chart above.

This week gold broke through the key resistance of $ 1,300.

In the near - term, $ 437 is a big area of support on the downside, while $ 455 is a key resistance point.

On the daily chart of S&P 500 SPDR ($ SPY), a popular ETF proxy for the benchmark S&P 500 Index, we have annotated the key resistance levels to pay attention to this week:

The cryptocurrency segment is in a short - term correction after a great week that saw several key resistance levels fall, as the major coins kept up the bullish momentum and hit new rally highs after a shallow correction.

If QQQ moves above this key resistance level, there is still additional horizontal price resistance at $ 67.70 and $ 68.60 (the dashed black lines on the chart below).

If the market does move higher from this pin bar we see key resistance coming in near 1.5830 — 1.5870 and any moves higher could be contained below that level in the near - term.

This is also seen at the key resistance of the range, note how the line through 1.3140 is not touching the exact highs on September 14th and 17th at 1.3171... this brings up the point that sometimes support or resistance is more of a «zone» than a strict / exact level.

The most obvious stop loss placement on that pin bar would have been just above its high which was also the key resistance through $ 93.65 area.

Gold touched a key resistance level yesterday as expected and sellers quickly sold it back down along with silver.

If the S&P manages to clear the 1,420 level, its next key resistance is near 1,440:

Thank you Nial, now I already have an idea on how to identify the key resistance and support levels in a candlestick chart.

If and when these key resistance levels are pierced we could see an «off to the races» situation unfold.

Additionally, it is important to note that several of the broad - based indexes are at or nearing key resistance levels on their daily charts.

We classify 1.0612 as «key resistance» since it has caused significant turning points in the market and held on the last two tests.

However, price is sitting just below a long term key resistance near 0.8120 so ideally we'd like to see a pullback before looking to get long.

As expected the Ten - year successfully ground higher and tested and rejected my upper weekly and key resistance targets at 125 - 02 and 125 - 10.

Past performance is not necessarily indicative of future results.The post Bitcoin Price Analysis: Amid Continuing China Rumors, BTC Fails to Break Key Resistance appeared first on Bitcoin Magazine.

«We provide a list of 50 key resistance terms and definitions aimed at facilitating understanding and management of resistance.»

A month later Moulin, and a number of other key resistance figures were arrested.

There's plenty of room for price to move higher before key resistance comes back in up near 1.2520 area, so we are again looking to buy this week.

In the above chart, not only could have we traded the pin bar sell signal from the key resistance level / event area, but on the subsequent test of that event area, we could have taken what I call a «blind entry» at the event area.

1) A key resistance level was established near 9735.00 — 9700.00 in the DAX30 market (German Stock Index).

This key resistance level and the big move lower from it established an «event area».

As price retraced back to this area in mid-January of 2014, we would have already had this key resistance / event area drawn in on our charts and our attention would have been focused on it as price drew closer.

Let's look at another example of a fakey signal, but this time it's one that formed at the upper boundary / key resistance of a trading range.

In the chart below, we can see that the breakout was clean and significant since it closed well above the key resistance at 1.5260, indicating that more upside is possible in this market.

Let's take a look at a chart example: In the chart below we would have anticipated another move lower if price got back up to the key resistance level and event area at 0.8400.