H4 - Bearish convergence Currently it looks like a pullback is happening No opposite signs H1 - Bearish trend pattern Currently it looks like a pullback is happening Until the two strong resistance zones hold my short term view remains bearish here.
H4 - Bullish divergence Downtrend line breakout Bullish trend pattern Until the strong support zone holds I expect the price to move higher further after pullbacks.
In the 240-minute chart, due to the 5 descending wave movement to the range of 6315, there is a scenario that, we encounter 5 more downtrend waves. The corrective movement of these 5 waves have been completed in the range of 6793 and the first wave from point 3/C has been finished in the range of 6535. In wave 2, the Expanded Flat pattern is formed. By break down...
UK100 is going to buy because we have a break of structure for potential upside movement, (DAILY STRUCTURE)