UK 100Long
Retest forming on the FTSE
It would appear that a retest of the S+D zone appears to be forming on the FTSE. I am currently maintaining positions @ 7300 as it is possible this may continue along the this short term ascending channel. If there is a break of this channel I expect to see a retest of the S+D zone below @ 7210 - 7260.
This all seems to coincide with the latest COVID fears across Europe and the possibility of restrictions. The FTSE is still significantly undervalued and I feel this is a significantly good entry point to continue back to break the recent high of 7400.
Trade Safe!
This all seems to coincide with the latest COVID fears across Europe and the possibility of restrictions. The FTSE is still significantly undervalued and I feel this is a significantly good entry point to continue back to break the recent high of 7400.
Trade Safe!
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Related publications
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.