Get started
FTSE 100 Index
Short
Updated

UK100 On Strong Resistance

172
UK100 is at the moment touching the strongest 7600 resistance line. There are now 2 topping tail which indicates rejection of closing the price higher. Also RSI(14) is currently nearing the overbought territory. If price can close around 7570 level, I'm planning to short it with profit target is somewhere around 7445, which is the previous strong support line.
Note
Obviously no trade for this index as the price keeps moving higher. So I'm not going to watch this instrument further.
nivelij01
ftse100OscillatorsoverboughtRelative Strength Index (RSI)reversalshortSupply and DemandSupport and ResistanceUK100 CFD

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.
ftse100OscillatorsoverboughtRelative Strength Index (RSI)reversalshortSupply and DemandSupport and ResistanceUK100 CFD
nivelij01

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.