Bottom line, my opinion, we will
see downtrend, maybe between 5 - 2k / BTC levels, then few months nothing really special, and some skilled traders making money on volatility, end if Q4 would get strong media support, then I can imagine new rally as of Nov prior the xmas time to make the year for hedge funds.
Look at the image below, we can
see a downtrend was in place when we got a large bullish pin bar reversal signal.
Even recently, the all time sellers like the Swift and DZire models have
seen the downtrend; but... Read More
Here, Stellar appears to be more profitable while TRX has
seen a downtrend as it loses 5.03 % against the US dollar.
Not exact matches
Each peak over time has been lower, meaning the dollar has made lower highs every rally since 1983, creating the
downtrend that Gordon
sees.
This has
seen a test of the
downtrend, a retest and breakthrough and then a retest and rebound.
Meanwhile, benchmark 10 - year note yields have broken above a long - term
downtrend in effect since the 1980s, which some technical strategists
see as a bearish indicator going forward.
You can
see that rates fluctuate over time but there have also been definitive long - term periods where the trend is moving up (1900s - 1920s and 1960s - 1980s) and others where there is an obvious
downtrend (1920s - 1940s and 1980s - present).
In the H4 chart, the
downtrend continues, but at the same time one can
see the convergence being formed, which may indicate a possible pullback.
However, the market has it valued much more like Deckers (DECK), which
saw a 17 % decline in revenue over the past twelve months and has a long - term
downtrend in ROIC.
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!
We are looking to sell again this week, in - line with the daily chart
downtrend that we can
see is in place in this market.
As you can
see, since 1994 the growth in nominal retail sales on a year over year basis has been in a
downtrend, while the level of consumer credit outstanding as been in a steady uptrend.
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:
As you can
see, the
downtrend line was finally penetrated on July 19th @ 65.64.
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:
Also interesting to
see the wide dispersion that has developed in 2017 but with all countries showing a
downtrend in recent months.
So, in a
downtrend like we
see below, the stop loss would be just above the tail of the pin bar, when I say «just above» that can mean about 1 to 10 pips above the high of the pin bar tail.
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.
# 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.
As you can
see in the chart below it is above both the long - term
downtrend line and the 200 - day moving average (brown line).
You
see that the Dow began outperform the SPX / Naz starting Tuesday, July 25th, after AMZN reported an unexpectedly huge earnings miss (the plunge in the green line), the SPX and Naz entered a
downtrend while the Dow continued higher.
Regardless, when the market does
see it's next reversal, ETFs that are rallying into resistance of long term
downtrend lines and down - sloping 200 - day MAs will generally provide the best shorting opportunities.
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.
Since peaking at close to 60 % earlier this year, we have
seen a steady
downtrend emerge in sentiment where each week that has an increase is followed by another week (s) with bigger declines.
The uptrend or
downtrend of any asset can easily be
seen through the simple moving average.
Lastly, on the right side of the image above, you can
see a dragonfly doji that appears after a small
downtrend in price.
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 the image below, we can
see a pin bar setup which formed after the market began moving higher after a reversal of its previous
downtrend.
The most basic way to identify a trend is to check and
see if a market is making a pattern of higher highs and higher lows for an uptrend, or lower highs and lower lows for a
downtrend.
So, in a
downtrend like we
see below, the stop loss would be just above the tail of the pin bar, when I say «just above» that can mean about 1 to 10 pips above the high of the pin bar tail.
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.
If price can hold under 0.7470 in the near - term, we could
see the recent
downtrend continue early this week.
Instead, it is based on the idea that stocks have gone nowhere for a long time and the recent advance might be enough to break the
downtrend we've
seen in the inflation - adjusted S&P 500 since 2000.
In the example below, we can
see a long - tailed pin bar that occurred within the context of a
downtrend in the EURJPY.
Here, you
see that the pair has been in
downtrend, so you decided to take out your Fibonacci retracement tool to help you spot a good entry point.
Just because you
see a hammer form in a
downtrend doesn't mean you automatically place a buy order!
See on the daily bar chart for the March e-mini S&P futures that prices are in a steep
downtrend and on Wednesday hit a contract and multi-month low.
Plot the Fibonacci Retracement levels by using the swing high and swing low on a
downtrend as
seen on Fig. 1.1.
ex4 custom indicator yields a red dot that is aligned below the candlesticks during a
downtrend as
seen on Fig. 1.1, it is a reversal signal and as such an exit or take profit is recommended.
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...
In the same AUDUSD chart that we looked at above, we can
see what the experience might have been like for the «bottom picker» trying to trade against the strong
downtrend.
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.
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.
Conversely, in a
downtrend we
see Lower Highs and Lower Lows, and when price breaks above the previous lower high, it's a strong indication that the
downtrend might be ending.
We could
see price fall from this signal and the
downtrend continue to test the recent lows down near 0.8650 area and possibly below if bearish momentum continues.
You don't have to be Thomas Robert Malthus, the great economist, to
see that our economies are on a
downtrend.
However, a break above 1.6692 will indicate that the longer term
downtrend from 1.7042 (Aug 5 high) has completed at 1.5708 level already, then another rise could be
seen to retest 1.7042 resistance.