Short

Updated

$UK100 RSI Forecast

6.341 is the forecast from the RSI calculation

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Now we can add a shark as an additional layer to question this reversal point

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Now lets add a Wolfe to the picture

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Pay attention to the Action/Reaction lines to confirm 5

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If we take a look at the RSI, we have a lot of confluence at this point

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If we take a look at Market profile on Weekly then we are at exactly at the POC

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At lower frames we can start catching early signs for a reversal

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Our next focus will be whether it can break the lower median line the fork

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Need to close below

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Now looking for the retest of the broken lower median line

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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.