Global indices have all be selling off and Europe has been one of the most affected areas. Technicals are showing that the FTSE100 is ready to retest sub 5,000 levels.
Look for short around 5600 - 5450, The formation of a descending wedge has been broken wait for a spike higher before entering any short positions.
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Connor
Look for short around 5600 - 5450, The formation of a descending wedge has been broken wait for a spike higher before entering any short positions.
For more full analysis, trading ideas and tips feel free to subscribe to my newsletter.
Thank you for everyone who likes and shares this analysis.
Really appreciate it
Connor
Trade closed: stop reached
Complete Fakeout... what can I say I was fooled. FTSE100 remains bearish but will continue to see a boost in the short term. Short highs but remain patient on this one.
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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.