IUKP trade ideas
IUKP (FTSE100) - dwontrend to levels below 400IUKP is tracing minute wave 3 of minor wave 5 down. Minor 5 should reach levels below 400 in the near term. This analysis should be voided if prices cross up 524. FOLLOW SKYLINEPRO TO GET UPDATES.
Possible decline to the next fib linePossible decline to the next fib line, Failed to breach the 50 ema and a bearish flag can be observed. RSI is bearish.
IUKP - iShares UK Property ETF - new lows aheadIUKP is coming down in a cycle wave C. It is in an early phase of this wave decline, where intermediate wave 4 seems completed and it should move down in intermediate wave 5 to reach lower levels than its previous wave 3. FOLLOW SKYLINEPRO TO GET UPDATES.
IUKP tracing cycle wave c downLSE:IUKP IUKP is on downward path of primary Wave 3 and should gain momentum. Some upward corrections will occur, but still there is a long downward path to go before the major trend is up.
