Sentences with phrase «resistance in a downtrend»

Whereas, in a downtrend, «value» is seen at resistance, since the price has rotated higher within the broader downtrend; so it's a good «value» to sell from resistance in a downtrend.

Look for Doji patterns forming near resistance in a downtrend market Go short when the candlestick has closed below the Doji pattern.

A recent swing high will often act as support in an uptrend, and a recent swing low will often work as resistance in a downtrend.

Not exact matches

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.

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.

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.

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 200In the case of $ SMH, we see that the ETF has just broken out above resistance of a downtrend that has been in place since 200in place since 2004!

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.

We can see an example of this in the chart below with the fakey trading strategy protruding up past the resistance level in the downtrend.

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.

In recent commentaries we've discussed the downtrend in the GBPUSD and that we were looking to sell from retraces back to resistancIn recent commentaries we've discussed the downtrend in the GBPUSD and that we were looking to sell from retraces back to resistancin the GBPUSD and that we were looking to sell from retraces back to resistance.

In early February, the iShares MSCI Emerging Market Index ETF (EEM) rallied above resistance of its long term downtrend line and 200 - day MA.

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.

Although the S&P 500 is easily within striking distance of breaking out to a fresh 52 - week high any day now, the NASDAQ Composite remains below pivotal resistance of its 50 - day moving average and stuck in a 2 - month downtrend.

The 5 day EMA has been the end of day resistance for all of 2016 as $ SPY has been in a strong short term downtrend.

We can see an example of this in the chart below with the fakey trading strategy protruding up past the resistance level in the downtrend.

In an uptrend these swing points are support and in downtrends they are resistancIn an uptrend these swing points are support and in downtrends they are resistancin downtrends they are resistance.

In a downtrend, «value» means resistance, in an uptrend it means supporIn a downtrend, «value» means resistance, in an uptrend it means supporin an uptrend it means support.

When trading in a downtrend on a short position, the approach is to set a stop loss just above the swing high since this could represent a potential resistance level.

Traders can watch the 1 hour and 4 hour charts along with the daily, for price action sell signals on any rotation back up to resistance / value, in order to trade in - line with the downtrend in this market.

In the chart above, we can see that all retraces higher to both horizontal resistance levels and the 21 day EMA were met with selling pressure as the dominant downtrend remained intact.

In a downtrend, resistance acts as an upper price limit, which can form the foundation for your trading technique.

We remain bearish biased on this market and will continue watching for price action sell signals from resistance to rejoin the downtrend as we can see the longer - term downtrend is still clearly in effect and key support isn't seen until down near 1.2040 area.

Therefore, we were looking for price action sell signals on retraces back to value / resistance in order to trade in - line with the downtrend.

Price has also just reached strong resistance in the 92.00 support / resistance region, and additionally, is approaching the approximate upper resistance border of the rough parallel downtrend channel.

Natural gas broke below the Red and Yellow indicator lines and should be shorted because it is in a downtrend currently My custom support resistance indicator lines show decent places to enter or exit.