Not exact matches
If the
price action follows through to the downside today (January 30), then bearish short - term
momentum will likely take the index down to the 4,000 area (
support of the December 2013 lows).
This is a metric that denotes
momentum and uses
support and resistance levels to attempt to predict when «turning points» have been reached in the asset's
price.
I'm not involved in corn, but I do believe
prices are headed higher as we have major
support around the 3.73 level, but for the bullish
momentum to continue, we have to break the 3.95 area.
On the other hand, the
price zone of 1.3370 - 1.3400 remains a significant
support zone to be watched for valid buy entries if the current bearish momentum persists below the mentioned key level (1.4100) and 1.4000 (a prominent Weekly Su
support zone to be watched for valid buy entries if the current bearish
momentum persists below the mentioned key level (1.4100) and 1.4000 (a prominent Weekly
SupportSupport).
The weak dollar has also
supported commodity
prices and
momentum continues to shift slowly from stocks to commodities.
There has not been any
momentum so far but the fact that the
prices have been buoyant and well
supported over the last 2 days despite the fact that the stock markets
All three of these setups had confluence with the near - term bullish
momentum / trend, dynamic
support from the 8 and 21 day EMA layer, and
support from a horizontal (static)
price level.
This particular inside pin bar came after
price had rejected a strong weekly
support level near 0.7750 and the 8 and 21 day EMA's had recently crossed higher; indicating more bullish
momentum was possible.
Now, this setup was definitely more advanced because it was against the recent bearish
momentum, however, given the obvious false break and the consecutive inside bars that followed, forming above
support, it was a valid
price action setup worth taking.
In a falling bear market, slowing
momentum could suggest that the
price is near a
support level and traders are looking to buy at a bargain, which could reverse the bear trend.
ex4 and FBS Fisher.ex4 custom indicators delivers the confidence needed to gauge trend reversals, spot short - term
support / resistance levels and determine
price momentum respectively.
This week, we could see
price re-test
support down near 0.7710 if bearish
momentum continues.
However, if the market experiences unexpected volume, volatility, and
momentum today, causing the red trend line to break, then we would look for
support at the blue
price line at 2688.50, which marks the low from yesterday.
Using an Outside Bar same colour Strategy in
Momentum Trading can be very profitable but like all
price action setups and patterns, they perform better when used in conjunction with a trend or key support and resistance levels, this is why using our Price action indicator and its price action filters is so impor
price action setups and patterns, they perform better when used in conjunction with a trend or key
support and resistance levels, this is why using our
Price action indicator and its price action filters is so impor
Price action indicator and its
price action filters is so impor
price action filters is so important.
Bitcoin Cash
price failed to gain enough
momentum to propel it above $ 720 but instead embarked on a downside movement only to find
support at $ 680 level.
Bitcoin cash
price failed to gain
momentum above $ 900; instead it embarked on a continuous decline breaking several
support areas to trade below $ 700.
Technically, Bitcoin Cash
price is forming a bullish
momentum near $ 759 while the 50 Simple Moving Average trend indicator is working as an immediate
support line at $ 742.
Key Highlights ETH
price failed to gain
momentum and broke the $ 300
support against the US Dollar.
The downside
momentum is very strong after the
price smashed local
support level at $ 470 with March 18 low $ 454 is now under threat.
The trajectory toward higher Bitcoin
prices is well
supported by a very influential
momentum indicator, and the
price action is suggesting that BTC
prices can surpass $ 60,000 in the months ahead.
So, is there enough downward
momentum to pierce
support and send
prices lower?
June saw further
support for a housing
price recovery in sustained
momentum with broad - based advances.