I believe this is just
the start of downtrend of the interest rate cycle.
Not exact matches
«Any type
of [continued] strength will do one thing: it will
start to move us above this
downtrend line that's been in effect for three years.»
Note, these are not Fibonacci fan lines, they're a series
of downtrend lines with a common
starting point.
The four
downtrend lines have a common
starting point from the high
of October 2012.
Either way, $ RP may present an ideal buy entry on a breakout above the high
of the short - term
downtrend line (not shown) that has
started forming off the August high.
Selling Pressure not only dropped [last week], but reaffirmed its long - term
downtrend by recording its lowest reading since the
start of the bull market in 2009.
But now, the stock has broken out
of this
downtrend channel and has
started moving up.
After somewhat stabilising following a rocky
start to the year, the price
of Bitcoin might be headed for some more extreme
downtrends.
This overcut
of the
downtrend line is significant because it sucks in new buyers, just as institutions are
starting to sell into strength.
Similar to other cryptocurrencies, litecoin has also been in a
downtrend since September 18, when the price
started to drop from a high
of about $ 57.
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.
A standard tool
of many technical analysts is to look for breakouts above or below a defined trading range to signal when a new uptrend or
downtrend may be
starting.
The correction that
started on Monday accelerated in the last couple
of days, and a bottom could already be in after today's overnight rout, given the panicky market action, although a re-test or another leg lower is still in the cards, as the short - term
downtrends are intact in the majors.
At this position whether we have to wait for the confiirmation
of the uptrend continuation or we have to decide tat the trend ends up and the
downtrend started?
However, when the market finally broke down and out from this trading range it essentially «confirmed» that a new
downtrend was getting
started, and this is a very important piece
of information to know as we drill - down and look for price action trading strategies on the daily, 4 hour charts and 1 hour charts...
As the
downtrend starts and the fast line diverges away from the slow line, the histogram gets bigger, which is excellent indication
of a strong trend.
But now, the stock has broken out
of this
downtrend channel and has
started moving up.
Here's an example
of a false - break in the EURUSD daily chart that led to a top in the market and
started a long - term
downtrend:
The current cold side
of the AMDO is just getting
started and while there is not yet any
downtrend at all it still has another 20 - 30 years to develop one.
Given the
downtrend in global temperatures over the past 11 years and the likelihood that this will continue for some time (see Section 2.4
of my Comments) because
of the Pacific Decadal Oscillation (PDO), there would appear to be ample time to
start over and do it carefully and thoroughly this time with full input by everyone that may be interested.
This means the pullback is more likely to be a consolidation rather than the
start of a significant
downtrend.
Still, ether appears to be bucking its recent
downtrend, rising more than 35 % over the last week, up from the $ 227 total observed at the
start of trading on August 2.
As volatility makes a comeback in crytocurrencies, more so in Bitcoin, the price
of the biggest digital coin falls below $ 9,000 and below the very trendline it broke out
of last week, signalling the resumption
of downtrend which
started from its January high.