This could prove to be a good entry for a swing trade. So far good demand at zone picked out on daily. Goes far back. I'm in this trade. /Cheers!
TVC:UKX If an AB=CE completes it would line up with weekly trendline and some prettyd deep demand zones. Good RR for longs. If clear trend line break - stay out.
After having broken down from a near 2 year consolidation pattern things have become a lot more volatile. As of last bounce from low we are looking at a 50% retrace. Not sure it will stop there with S&P and NDQ in hindsight. My mid term view is that we will make a clear break of 1500 and remain below for quite some time. Bounces may occur from mid 1400 and...