Short

Updated

Short FTSE

My simple short idea, divergance on few time frames. We are overbought, no reason for more upside for me.
Take care

Trade active

Reversal arent't easy play it smart.

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another postion added

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stop loss modified to 1,5 percent

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Let's see if yellow and red resistance hold, don't know if we see the top but it's probably. On daily we are RSI is about 70, MFI 80 so we overbought. Let's see.

Trade active

just be patient

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we have to take lower low to confirm reversal

Trade active

There we go.

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My educated guess is we're going down today. No upward momentum. Stay short, secure your profit before us session.
Take care of yourself!

Trade active

Possible new channel is developing. I am bear this week and set sell limit near 7900. I did some scalping on the way down and took profit.
Take care

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Hello, (update 1/3)
H1 RSI and MFI almost overbought
I was wrong about the geometry of the trend channel, not the first time.
I will try to take short positions at levels 7960-8020. If I'm wrong, I'll try again with R3. Channel lines should be replaced with an inclined surface
It's always good to take profit.
Take care

Weekly pivots:
R3: 8159.1
R2: 8093.1
P: 7935.1
S1: 7843.1
S2: 7777.1 (looks like tp1)
S3: 7685.1

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Divergency still valid, the question is: are we going to retest trendline on RSI?.

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Daily timeframe, indicators are not overbought yet, almost.

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Weekly idea:
21 ema blue
50 ema yellow
200 ema red

Take care, tell me what you think.

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For now, no position. I am going to re-short ftse to the ground, have to take a rest. Indicators in the middle

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If you took it as swing trade congratulation. Take care

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target almost reached, be careful with trading today.
Take care

Trade closed: target reached

Target reached with some extra points for you. Sad thing that i have 4 likes 😂. I have no idea what is going to be next, whipsaw is expected
Take care

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Recently market got hit by news. On daily we are oversold, 4 hours nice bullish divergance. Let's see if we are going through the weekly pivot.
Take care

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Recent chart update.
No idea what direction will be next week, already shorting dax but I may be wrong.

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Weekly Pivots and trendline

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Simillar situation to DAX, I will sell short higher because we are oversold on 4h.
If it is going down just short it.
Take care

Divergencify

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