Just because most people don't aspect it to happen
Pullback is needed for a continuation up
Not sure if this is right, still working on all the patterns. Pls give feedback
Uk100 is currently at the top of an up channel and is getting nearer to the 0.618 LVL of the corona drop. It is also at the end of the Elliot wave which should mean a breakout to the downside. I personally don't think this will happen for a few reasons. First one being the rising optimism and secondly being the Brexit coming closer to a deal. The recent news has...
Disclaimer: stocks do not only go up :3
Try to spot solid confirmations to ensure your self that the trade isn't going to reverse straight away
If the pullback doesn't happen then do not enter. You do not wanna fomo on this because the long term trend is up
Been testing a new strat of mine and it has an amazing win rate. For this trade I would be careful with jumping in too early and look for other conformation but that is only if you have a low/medium risk tolerance. Have a wonderful day, enjoy :)
I posted something on this, but I was missing some trend lines.