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UK 100
Short

Short FTSE trading below weekly 50 ema first time since June 16!

By dann3persson
Updated
Following the sell off in equity the FTSE broke below the weekly 50ema and formed a lower high on the daily chart. The past couple of weeks price has retraced to the 0,382-0,5 fib retracement and decelerated at the key S/R level of 7300. First target is around 7100, second target around 6900...
Note
The weekly 50ema is comparable to the daily 200ema (green ema in the picture)
ftse100Support and ResistanceTrend AnalysisTrend LinesUK100 CFDuk100short
dann3persson

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