A support and resistance diagram for the FTSE 100 provides a visual representation of key price levels where the index tends to find buying or selling pressure. This tool is widely used by traders and analysts to make informed decisions about their trading strategies. Here's an overview of what such a diagram may look like:
1. **Horizontal Lines**: A support and...
This chart represents breaches of the bottom bollinger band by the FTSE 100. The FTSE100 is represented here by the CUKX.L asset. On each breach a long entry with a 2-3% profit target yields a profitable outcome. My observation is that the market generally recovers in excess of the 2-3% target price within 10-14 days maximum. In adverse events, where the market...
