Sentences with phrase «test of the downtrend»
This has seen a test of the downtrend, a retest and breakthrough and then a retest and rebound.
https://www.cnbc.com/
We call this a «backside test of the downtrend line.»
Not exact matches
The stock bounced to $ 8.05 in 2010 and tested that resistance level in 2013, bringing a reversal and downtrend that posted the second higher low of the 10 - year period in January 2016.
The downtrend found support just under $ 1,00 in November 2016, yieldinga test in August of 2017 that completed a bullish double bottom reversal.
The downtrend found support just under $ 1,00 in November 2016, yielding a test in August of 2017 that completed a bullish double bottom reversal.
The «cup» was formed after the low of the pullback that tested the downtrend line on the weekly chart above, and the «handle» has been forming the right side of the chart pattern just below the prior highs from September of 2012:
If $ SMH can set a higher swing low and close above Monday's high on a pick up in volume, then it may attract enough buying interest to break the short - term downtrend line and test the highs of the base:
After rallying 30 % off its 2012 low, $ RSX subsequently pulled back and successfully tested new support (prior resistance) of its multi-year downtrend line, and now is forming the right -LSB-...]
After rallying 30 % off its 2012 low, $ RSX subsequently pulled back and successfully tested new support (prior resistance) of its multi-year downtrend line, and now is forming the right side of this bullish chart pattern.
It broke out above the downtrend line in mid-February and has since pulled back, in a relatively controlled low volatility manner, to test the line as support during the most recent pullback, low of $ 137.12.
Starting with the weekly chart, you will see that $ EWH is testing resistance of a downtrend line that has been in place since early 2011.
However, the test of the low of the previous downtrend went too much.
Another rise to test the upper border of the rising price channel on 4 - hour chart is possible later today, as long as the channel resistance holds, downtrend is expected to resume and one more fall towards 1.0206 previous low could be seen.
Choppy trading conditions dominate the market of Bitcoin as well as the largest altcoins», but with the downtrends in the segment still clearly being intact, a test of the lows is likely in the coming days.