UK 100 IndexShort
FTSE 100 - Short Seller's Gift
A few days ago I posted on the FTSE 100. I mentioned at that time the (now clear) Bear Flag formation in blue.
We've broken out of that Flag for a few days now and have been in a sideways horizontal channel so far.
I can only see this as gift for anyone who hadn't already been short.
There's a potential 15% downside retracement that I've penciled in: by calculating the vertical height at the start of the Flag formation - and using that distance from the breakout point.
Any contrary views I'm happy to hear.
Adrian
We've broken out of that Flag for a few days now and have been in a sideways horizontal channel so far.
I can only see this as gift for anyone who hadn't already been short.
There's a potential 15% downside retracement that I've penciled in: by calculating the vertical height at the start of the Flag formation - and using that distance from the breakout point.
Any contrary views I'm happy to hear.
Adrian
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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.