As we described in a previous article a short term downtrend has been formed in the Greek stock exchange. In the last four days the general index is consolidating near 1150 points and it is creating the right environment for a breakdown (see chart below). In combination with the line of the downtrend, we have […]Read More
Posts tagged "downtrend"
As we can clearly see in the chart below the index of the Greek stock exchange has already formed three consecutive lower highs and lower lows (we need at least two in order to define a downtrend). This is a high probability indication that the index will be in a short term downtrend. Under these […]Read More
One of the simplest and yet best strategies, is to get long when price is visiting a trendline in an uptrend after a downward correction or to get short when price is visiting the trendline in a downtrend after an upward correction (see the two daily charts of EUR/USD that are following. Also for better […]Read More
We can see a clear downtrend in banking stocks in the Greek stock exchange (daily chart). In that case the only possible action is short selling when the stock price visits the downtrend line. We have spotted 3 banking stocks as candidates for short selling even though we expect all banking stocks to move in tandem […]Read More
An uptrend can be defined as two consecutive higher lows and higher highs. So, if we have spotted an already existing uptrend then we expect that after the higher low there will be a higher high. Failure to accomplish the expected higher high is an indication that the existing uptrend is weakening and a new […]Read More