Sentences with phrase «very bullish momentum»
When you learn how to interpret subsequent price action that follows the touch of a 20 - EMA, this stellar indicator can be used by swing traders as the proverbial «line in the sand» for knowing whether or not a trend is maintaining very bullish momentum.
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With valuations very rich, bullish sentiment high, and stocks generally overbought, there's a certain momentum to the market that makes it likely - in terms of probability - that stocks will be higher in the weeks ahead.
So, we had confluence with the existing bullish momentum, the horizontal level rejection, and a very well - defined fakey with pin bar trading strategy.
The pin bar buy signal from February 27th would have been a very obvious trade since it was rejecting and false - breaking down through the event area and price had bullish momentum behind it at that point.
Momentum and trajectory remain very bullish and although there was a small bullish pin on Friday, it's not really in the right location for us to commit to a new long position just yet.
Very high momentum = a bullish sign.
This futures contract has reached our upside target but as bullish momentum is very steady allow for an extension to 99.725.
Though the very last frontier appears to be around $ 660, anything below this level would most likely eviscerate any bullish momentum for a while.