Sentences with phrase «uptrend line on»

This occurs after dollar - strengthening price action for the past week has prompted EUR / USD to correct back down to this uptrend line on the heels of hitting a 14 - month high around 1.5060 in the beginning of the week.

Since it exhibited relative weakness to the S&P 500 throughout much of 2015, the Russell 2000 is already trading much closer to pivotal support of its long - term uptrend line on the monthly chart.

Not exact matches

«But the big break didn't happen on the 50 day, the big break happened below your 200 - day moving average in your uptrend support line.»

«Here's a stock that has corrected right back to the uptrend support line off of the late 2012 lows... [this] has been a good indication to us that perhaps momentum to the downside is fading and this is where we want to be buying the stock so we would be a buyer of Merck at these levels,» Johnson said Thursday on CNBC's «Trading Nation.»

The first feature on the Dow chart is a long - term uptrend line.

The first feature on the Dow chart is a long term uptrend line.

As you can see on the chart below, $ SPY is currently trading well above the dominant uptrend line of the current rally:

As for the weekly chart pattern, QQQ is now trading just below its one - year uptrend line (similar to the one shown on the weekly chart of SPY).

Therefore, if TMF manages to breakout above its 50 - day MA, it will have broken out above the downtrend line shown on the second chart, which should enable it to resume its dominant uptrend shown on the first chart.

As $ P began climbing higher, our plan was to hold the swing trade as long as the price held above the steep uptrend line that formed on the hourly chart (similar to the way we recently trailed a stop to maximize gains on our swing trade of $ SMH).

On our internal watchlist as a potential short sale if it bounces into new resistance of its prior uptrend line, SPDR Gold Trust ($ GLD) could -LSB-...]

Litecoin hit a low of $ 100.20 on Feb. 2 around support of an uptrend line, prior resistance and just below the 78.6 % Fibonacci retracement of an intermediate - term upswing.

Because of the clearly defined short - term downtrend line off the highs of the dominant uptrend, we notified subscribers of The Wagner Daily that we would be entering IYR on a breakout above that downtrend line, which occurred on March 12:

As annotated on the chart above, $ UNG is holding support of a steep uptrend line (black dotted line), while the 10 - week MA (teal line) is beginning to pull away from the 40 - week MA (orange line) after the bullish crossover a few weeks ago.

This is positive because, depending on how the action plays out, the long - term uptrend line (purple line) may provide support on a test.

As annotated on the chart below, support of the uptrend line coincides with this key moving average.

Depending on how long such a pullback would take to play out, the rising 40 - week moving average (orange line) may also end up converging with support of the weekly uptrend line.

On our internal watchlist as a potential short sale if it bounces into new resistance of its prior uptrend line, SPDR Gold Trust ($ GLD) could be headed for a more significant, intermediate to long - term correction.

The pin bar formed right on a very obvious uptrend line that had existed for sometime in the market previously.

If the «Bull Flag Pattern» is spotted on the activity chart, it signals an uptrend continuation pattern, and we'll be looking to price to break above the upper trend line.

Other negative signs include stocks making new highs on low volume, a stock repeatedly reversing off highs and / or closing near intraday lows, or when a stock begins breaking logical areas of support like key moving averages and uptrend lines.

The idea is that the lower highs on the MACD line or histogram could be an early indicator that momentum is leaving the uptrend, which increases the odds of a reversal.

By applying the same technique to a sine - wave (which the audience had agreed exhibits a zero trend), it is possible to show either a rapidly - accelerating uptrend or a rapidly - plummeting downtrend, depending on the choice of endpoints for the trend - lines on the data.

Bitcoin cash experienced a similar uptrend on Thursday, with prices breaking above $ 1,400 to form a new bullish trend line.