Good day (and night :-)), All!
FTSE*
UKXGBP has been moving within grand triangle structure since May 2017.
Currently, minor WW is shaping as the index bounced of point 4 and is heading North to point 5 (basically the wave is forming right in between the borders of the triangle).
Once successful and if major violet formation holds well, it can provide a very interesting opportunity to go short.
FTSE*
UKXGBP has been moving within grand triangle structure since May 2017.Currently, minor WW is shaping as the index bounced of point 4 and is heading North to point 5 (basically the wave is forming right in between the borders of the triangle).
Once successful and if major violet formation holds well, it can provide a very interesting opportunity to go short.
Order cancelled
Unfortunately, the wave wasn't completed as the index didn't retest the upper border of purple triangle and went directly to planned targets hitting both of them (and I'm sure will keep going down at least to test the lower border of triangle formation).
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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.