Sentences with phrase «swing low support»

We do have to be cautious of the intermediate support at 83.91 (38.2 % Fibonacci retracement, horizontal swing low support).

NZDUSD is testing major channel resistance at 0.6936 (Fibonacci retracement, Fibonacci extension, price action, channel resistance) and a strong drop could occur at this level to push prices all the way down to major support at 0.6852 (Fibonacci extension, horizontal swing low support).

Although the market is not falling apart, the more «distribution days» (sessions of higher volume selling) that accumulate, the more likely it becomes that we will at least test the recent swing low support levels.

Price is dropping strongly towards major support at 1.2966 (multiple Fibonacci extensions, horizontal swing low support, Elliott wave theory) and we expect a bounce above this level to at least 1.3164 resistance (Fibonacci retracement, horizontal pullb...

Not exact matches

The next major support level is the 50 - day moving average ($ 112 area), while the second zone of support is the prior swing lows (just below $ 110):

Furthermore, the odds of $ DZZ going to a new high are much lower than the odds of it simply going back to retest its prior highs because now there is resistance of a major swing high (support of a key swing low in $ GLD).

Once a clear base of support has formed, we then look for the formation of a «higher swing low» to develop within the base, which lets us know that bullish momentum is on our side.

In this post and in the May 2 issue of The Wagner Daily, we said, «If the S&P loses support of its two - day low (1,394 at that time) and doesn't recover quickly, we anticipate a retest of the 1,357 swing low in the near - term.»

Operating with the idea that the 200 - day moving average of $ QQQ will not provide significant support, we now expect $ QQQ to fall to test its prior swing low (around the $ 63 to $ 64 area) over the next two weeks.

On April 15, the NASDAQ brothers dipped below pivotal support of their February 5 «swing lows» on an intraday basis, then recovered to close near their highs of the day.

The blue horizontal line marks horizontal price support of the recent «swing lows» set earlier this month:

In late December, $ RSX formed a second higher low, right at near - term technical support of the 20 - day EMA, which led to a failed breakout above the prior swing high.

With the exception of the S&P MidCap 400 Index, all the major indices have fallen below support of their prior lows from April, resulting in the formation of new «swing lows.»

Short - term resistance is still ahead near $ 8400 with a stronger zone found between $ 9000 and $ 9200, while primary support below the recent swing low is between $ 6750 and $ 7000.

Now, AAPL is also in danger of losing horizontal price support of its prior «swing low» from July of 2012.

However, the most important support is around $ 1.60, followed by the last swing low at $ 1.54.

Subscribers still holding the winning option contract can maximize profits by trailing a stop below the recent «swing low» support.

Moreover, the 61.8 % Fib retracement level of the last leg from the $ 0.2810 swing low to $ 0.3880 swing high also acted as a support.

In the near - term, $ SPY (S&P 500) is in better technical shape than $ QQQ (NASDAQ 100), as it isn't still well above support of its prior swing low from February.

If the S&P 500 loses support of its April 10th swing low of 1,357, the broad market could easily see a more pronounced pullback from its highs.

LTC is trading just above the $ 150 support level, which also mark the Thursday swing low, and the positive momentum divergence continues to be present.

However, if QQQ now breaks below its low of the past two days, its next significant support levels are the 200 - day MA ($ 61.50 area) and the June 4th swing low (around $ 60.00).

The S&P 500 closed just below (but not a decisive break of) its 50 - day moving average yesterday, after undercutting its prior «swing lows» at the 1538 - 1539 support level:

Further below, the next major support is between $ 131.70 and $ 130.85 (200 - day MA and the June 25th swing low).

The iShares FTSE / Xinhua China 25 Index ($ FXI) failed to hold support of its uptrending 50 - day MA this week, and is now breaking down below a recent swing low:

Last week's bearish price action caused the main stock market indexes to plunge through major levels of technical price support, including key moving averages and prior «swing lows.»

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):

Other significant support levels include the convergence of the 20 - day and 50 - day moving averages ($ 63.30 — $ 63.50), the 200 - day moving average ($ 60.92), the June 28th swing low ($ 61.54) and the June 4th swing low ($ 60.04).

On the chart below, notice that the Select Sector Financial SPDR ETF ($ XLF), a highly traded ETF proxy for the overall financial sector, fell 3.3 % yesterday, while convincingly breaking below its prior swing low, 50 - day moving average, and lower channel support of its bullish «pennant» in the process:

The following daily chart of Powershares Nasdaq Trust ($ QQQ), as an ETF proxy for the Nasdaq 100 Index, shows that the price action in this ETF has been contained by a relatively tight ascending trend channel (annotated by the red lines) since forming its «swing low» support level on June 4.

The more times a support is tested the more likely it will break, and should the current swing reach the lows, a push below them is likely.

The surveys also suggest that independent candidate Chris Daggett is making an impact, with support in the low double digits - more than enough to swing the race.

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Supplementing with targeted digestion and detox support can help relieve bloating, gas, constipation, fatigue, poor sleep, migraines, bad breath, low energy, mood swings, and more.

The lower two charts display the weekly & monthly time - frame, with their respective closest swing high and swing lows clearly marked, as potential future Support / Resistance levels, where I will focus my attention to the price action that occurs on my top two charts (4 hour and daily time - frame) when price moves to one of my SR levels on the highest time - frames.

A 100 % retracement is the same as using a swing high / low as resistance / support.

This example shows major swing lows that are holding up as support, which is a sign of a bullish market.

However I wish to ask that if we are trading with the daily timeframe are we going to use the swing lows and swing highs of the higher timeframe to draw the support and resistance lines?

Some swing traders use the support and resistance levels of the previous swing highs and lows, while others use moving average to find out the point where the reversal is expected i.e. the price of security moves back to the previous top of the bottom.

The swing low in between them projects a support line.

Because the swing low rate sometimes becomes a level of support, a falling price may recover before it actually falls through a previous support level.

Take profit method: Close the trade 5 pips above the swing low price (before it hits support).

A recent swing high will often act as support in an uptrend, and a recent swing low will often work as resistance in a downtrend.

As a market makes new highs or lows it forms what I call «swing points» in the market, these are very important levels to watch because they essentially create new support or resistance.

Traders who use technical analysis will place stop orders below major moving averages, trendlines, swing highs, swing lows or other key support or resistance levels.

Swing High Swing Low Indicator plots a dotted line where levels of support or resistance have formed.

Launched in 2005, with generous support from the downtown real estate community and LMCC's programming partners, Swing Space placed over 1,000 artists in more than 25 different locations throughout Lower Manhattan and on Governors Island.

The 23.6 % Fib retracement level with the previous swing high of $ 334 and a low of $ 283 is acting as the immediate support to the price as it retraces higher.

The 38.2 % Fib retracement level with the last swing high of $ 716 and a low $ 625 acted as the support during the minor decline.

Using the Fibonacci retracement tool on the latest swing low and high shows the potential support levels.