Potential FTSE Reversal to start the week... ?
Updated
An ascending wedge formation on the 30 minute interval chart has been identified, which has been building up over the course of this week. The price range seems to be narrowing, along with RSI divergence. Perhaps a drop to the 6060 level could be seen... ?
Newbie here so any comments welcome, thanks! :)
Newbie here so any comments welcome, thanks! :)
Comment
Unexpected sharp rise in the FTSE due to the surprising increase in US employment, perhaps still potential for the reversal...Comment
Small 150pt drop, however, later than expected. Still, the potential for a further fall later in the week I assume...Comment
First target support zone hit...Comment
FTSE down over 250 points.Trade closed manually
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.