Sentences with phrase «strong bullish pattern»

An IH&S pattern is a strong bullish pattern and indicates that the stock may move higher in the short term.

Not exact matches

Combo Setup — The stock must have a combination of great earnings growth and strong technical price action (some type of bullish chart pattern).

The weekly volume pattern leading up to the breakout above resistance was bullish, with two strong weeks of accumulation (higher volume gains) in early January.

Bullish Engulfing patterns often become apparent when prices are showing a strong downtrend, and bullish trading opportunities can be taken on the expectation of a upside reBullish Engulfing patterns often become apparent when prices are showing a strong downtrend, and bullish trading opportunities can be taken on the expectation of a upside rebullish trading opportunities can be taken on the expectation of a upside reversal.

In the 4 HR chart, not only did prices react at $ 100 but a strong bullish engulfing pattern is right at the 78.6 % Fibonacci retracement level.

The strongly bullish volume pattern and volume indicators support this outcome, in particular the strong On - balance Volume line, and the current tight bunching of the price and moving averages create the potential for a big move soon.

An inverse head and shoulders chart pattern is a strong bullish reversal signal.

A double bottom chart pattern is a strong bullish price action signal that occurs at the end of a downtrend.

The second large candlestick in the strong bullish move that preceded our hanging man candlestick pattern made a huge move upward, but the market rejected price at those levels (see the image above).

Since this signal is only moderately strong, price often will retest the low formed by the bullish piercing pattern.

The bullish harami candlestick pattern is often overlooked by price action traders because it is only a moderately strong signal.

The bullish harami candlestick pattern is, as mentioned earlier, a moderately strong bullish reversal signal.

The bearish and bullish engulfing patterns are considered fairly strong candlestick reversal signals.

However, if you get a weak signal, like a small bearish engulfing pattern or a bullish engulfing candlestick that doesn't close within the upper 1 / 3rd of its range, you can always wait for another strong bullish candlestick or just skip the trade altogether.

You might also notice that this reversal was so strong that it blew right past the bullish engulfing pattern that formed eight candlesticks later.