Not exact matches
As we have discussed
in recent weeks, the EURUSD was
in a
trading range for the last few months, oscillating between support and
resistance levels.
For the past six weeks, the NASDAQ Composite Index ($ COMP) has been uneventfully oscillating
in a sideways
trading range (a 3 %
range from the upper channel
resistance down to lower channel support).
IOTA established a
trading range between that zone and the $ 0.64
resistance, and we still expect a bullish move out of that
in the coming weeks after breaking the prior declining trend.
Ethereum is
trading in a very narrow
range today, as it failed to follow Bitcoin higher, with the short - term
resistance level at $ 315 still holding back the coin.
In the chart below, we didn't have this issue; we had a nice large bearish pin bar protruding from the
trading range resistance, so the best placement for the stop loss on that setup is obviously just above the pin bar high.
The market is
in a fairly well - defined
trading range, with the support for the S&P 500 sitting down at 2,600 and overhead
resistance at 2,700.
Since the stock market appears to be
in consolidation mode right now (
trading in a sideways
range on lighter volume), it is a good time to do a review key technical support and
resistance levels
in the Nasdaq and S&P 500 indices.
In this example, you can see this market is clearly in a trading range right now between about 1.3140 - 70 resistance and 1.2830 suppor
In this example, you can see this market is clearly
in a trading range right now between about 1.3140 - 70 resistance and 1.2830 suppor
in a
trading range right now between about 1.3140 - 70
resistance and 1.2830 support.
In the chart below, we didn't have this issue; we had a nice large bearish pin bar protruding from the
trading range resistance, so the best placement for the stop loss on that setup is obviously just above the pin bar high.
Notice
in the chart above, there were two very obvious pin bar sell signals at the
trading range resistance that lead to significant moves lower into the
trading range support.
Range Trading: This is a technical trading strategy that identifies major support and resistance levels in price, and buys the stock at the lower level of support and sells at the major resistance
Trading: This is a technical
trading strategy that identifies major support and resistance levels in price, and buys the stock at the lower level of support and sells at the major resistance
trading strategy that identifies major support and
resistance levels
in price, and buys the stock at the lower level of support and sells at the major
resistance level.
Gold remains trapped
in a large sideways
trading range between 1360
resistance area and support near 1300.
As we have discussed
in recent weeks, the EURUSD was
in a
trading range for the last few months, oscillating between support and
resistance levels.
After yesterday's
resistance held the $ SPX from any gains beyond 1,220 I thought I should remove some downside risk just
in case we
trade back to the low end of this two month
trading range again.
Whether you're a seasoned professional or just getting started, this approach — which is based on historical
resistance and support points within a
trading range — can assist you
in entering and exiting positions for the greatest profits possible.
It currently is
in a
trading range, so technically driven investors should watch support at $ 58 and
resistance at the 52 week high around $ 60.50 as signals as to the stock's next big move.
What we also see when
trading pivots
in the FX market is that the
trading range for the session usually occurs between the pivot point and the first support and
resistance levels because a multitude of traders play this
range.
Gold continues to be locked
in a
trading range between 1300 support and 1366
resistance.
The pair may perhaps continue to
trade in a
range above the USD 920 level before climbing higher above the USD 950
resistance.