Sentences with phrase «swing low within»
Notice the highlighted areas, these are swing lows within the uptrend and if you just focus on those highlighted areas you will see they form «steps», stepping higher as the market moves in the direction of the trend...
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If $ YELP can rally above its three - day high on increasing volume, we would then look for the price action to consolidate for another week or two, while simultaneously forming higher «swing lows» within the base.
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.
If the move below the 20 - EMA was just a minor shakeout, then the price action should reclaim the 20 - period EMA within a few hours to a few days, or at the very least set a higher swing low below the 20 - EMA.
For ETFs and stocks we are stalking for potential swing trade entry, we keep an internal watchlist of setups that are moving in the right direction, meaning that they are above their respective 50 - day moving averages and also setting «higher lows» within a base.
As the wind data showed, he added, the quick swings between high - and low - power generation periods that are characteristic of individual wind farms slowed down dramatically within the simulated grid, taking days instead of hours or even minutes.
This terminology refers to the general approach that a swing trader uses; buying as a market falls down and hopefully buying the swing low point (or close to it) within an up - trending market, the opposite would be the case for a down trend of course.
All we are doing with this technique is observing where the extended swing highs and lows are within a given trend.
Stop - losses are positioned near 2 - 3 pips below the last low point of the swing accordingly, and take - profits should remain within 8 - 12 pips from the entry price.
Bitcoin prices have swung wildly over the past day, going as low as $ 15,700 and nearly reaching $ 17,700 all within the last 24 hours, but they're currently little changed.