We are seeing the following on the FTSE
1) H4 is oversold
2) There is H1 divergence
3) 2 patterns at the same level
4) Yesterdays low at 8648
5) Daily trend is up
This is likely to be a quick trade as there is huge resistance at 8685. We may turn short if needed.
1) H4 is oversold
2) There is H1 divergence
3) 2 patterns at the same level
4) Yesterdays low at 8648
5) Daily trend is up
This is likely to be a quick trade as there is huge resistance at 8685. We may turn short if needed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.