Sentences with phrase «trigger bullish patterns»

This week we saw some early weakness bought and the markets used the reaction to the Jobs report to trigger bullish patterns across the board.

If the bulls can take out Friday's high 2055.48 it triggers the bullish pattern targeting 2090.79.

Not exact matches

In the example below, I used a bullish engulfing pattern as my entry trigger.

I start looking for a bullish entry trigger where a double bottom chart pattern may be forming.

I prefer to use price action signals like the hammer (with confirmation and pullback) or bullish engulfing pattern as an entry trigger for this pattern.

Howbeit, the pattern is triggered in the form of a diamond top (bearish signal) and diamond bottom (bullish signal), and usually typifies a period of congestion before a new trend emerges in the market.

Looking at the DJIA, it too has a bullish Inverse H&S pattern, that is also yet to trigger, but is on our radar.

SLV - > Similar to gold Started with a nice inverse H&S, and held the neckline retest, now looking to acquire first target and trigger 2nd bullish pattern (cup / handle)

If a bearish reversal pattern forms during the bullish trend i.e. doji or refer to other price action strategies on this section, it is therefore a trigger to exit or take profit accordingly.