Sentences with phrase «support on a pullback»
to act as support on a pullback.
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I will see if this can prove as support on a pullback.
Not exact matches
A pullback to this level would be just above the recent breakout on the weekly chart, which should now act as new support.
For example, part of a money management strategy could involve buying pullbacks to support when there is good reason to believe, based on fundamental analysis, that a bull market is in progress.
Fortunately, the underlying economic fundamentals have provided the necessary impetus for institutional fund managers to step in on each pullback and support the integrity of the primary uptrend.
We continue scanning for new ETF trading opportunities, such as buying the incredibly strong iShares Philippines ($ EPHE) on a pullback to support.
We will be looking for price action buy signals on a pullback whilst prices remain above the support zone seen below.
On a pullback, SPY has support at its 20 - day EMA ($ 137.12), its previous «swing low» of $ 135.50 and convergence of its lower trendline, and at its 50 - day MA ($ 134.30):
When scanning for pullbacks on weekly charts, the prior highs of a legitimate base typically provides strong support because a prior resistance level becomes the new support level after the resistance is broken.
Depending on how long such a pullback would take to play out, the rising 40 - week moving average (orange line) may also end up converging with support of the weekly uptrend line.
As such, we began stalking $ TRUE for a potential pullback buy entry point as it pulled into major support of its prior highs, as shown on the weekly chart below:
Our views remain unchanged from recent weeks; we are looking to get long Gold on a price action signal after a pullback or a blind entry at 1306.00 key support level.
Traders should watch support / value down near 1.3600 — 1.3650 for buying opportunities this week on a pullback.
This fits nicely with our recent commentaries in which we were looking to buy on pullbacks to support levels.
Ideally, we will look to buy on a pullback to support at 1.2828 — 1.2755 with a price action entry confirmation signal.
Instead of entering right on the break, wait for price to make a «pullback» to the broken support or resistance level and enter after the price bounces.
There is still a large area of support down at 1.3990 — 1.3750 and that would be our primary focus this week on a pullback.
On a pullback, $ 59 should now act as support and provide a good second - chance buying opportunity.
Watch for price action buy signals on a pullback to that 1320 — 1307 support area this week and target resistance up near 1365.
We will be looking for price action buy signals on a pullback whilst prices remain above the support zone seen below.
As a result, we are looking to buy after a pullback this week, we would look to buy near 1325.00 near - term support to 1306.00 key support or the 21 day ema, on a 1 hr 4 hr or daily chart buy signal.
Look for price action buy signals on a pullback whilst prices remain above 1.2080 support.
The SPY and QQQ held there recent support levels with steady move lower but only a minor pullback, while the IWM showed strength early and erased it later, also for a small loss on the week.
Conversely, we will also watch for a pullback to support and then look to get long on a clear signal near 5678 support.
This chart is still looking very bullish and we will watch for price action buy signals at support levels on any pullbacks this week.
The decline ended quickly, giving way to a bounce that failed at broken support, allowing pullback players to get on board.
The short - term moving average also held as dynamic support on the latest pullback, and its gap with the 200 SMA is widening to reflect stronger bullish momentum.