Sentences with phrase «strong bearish trend»
The red color below the 0.00 level denotes a very strong bearish trend, while lime green histograms that are aligned below the 0.00 signal level denotes the resumption of bulls pressure.
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A break below $ 160, on the other hand, would signal a bearish change in the short - term trend, with further strong support near $ 150 and below that at $ 140.
The bearish engulfing candlestick pattern formed on the mid-point (50 % retracement) of the strong bear trend bar which provided resistance.
The earlier tag of the upper Bollinger Band met strong resistance as shown by the strong bear trend bar followed by a bearish reversal bar that tested the high of the bear trend bar before it.
Today's open hinted that price action might not be the strong signal to follow... We examine the psych of why today's open still shows a clear bear signal even though we technically broke into a «reversal of trend» from bearish to bullish on the larger time frames.