UK 100, DailyShort
1:5 Risk to reward sell of FTSE
We have been watching the FTSE since morning and will short it now.
1) There is a AB=CD pattern to sell
2) There is strong 161.8 Fib levels from the previous upswing.
3) Previous day high
4) RSI H1 divergence present
The target is 8585 but we will take profit along the way as it is counter trend.
1) There is a AB=CD pattern to sell
2) There is strong 161.8 Fib levels from the previous upswing.
3) Previous day high
4) RSI H1 divergence present
The target is 8585 but we will take profit along the way as it is counter trend.
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.
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.