FTSE 100 IndexShort
Watching For Potential Breakout Lower
As I previously discussed about this market, I am looking for potential short trading opportunities and a potential breakout lower.
Price in recent sessions has formed a series of lower highs and each time it has rejected the major support the bounce or rejection has been a little weaker.
Last week price made a serious attempt at breaking lower, only to snap back higher.
This market will be on the close watch list this week for potential breakout trades through the key support level.
Price in recent sessions has formed a series of lower highs and each time it has rejected the major support the bounce or rejection has been a little weaker.
Last week price made a serious attempt at breaking lower, only to snap back higher.
This market will be on the close watch list this week for potential breakout trades through the key support level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.