FTSE - Something is "afoot", see? See what I did there? Heyo!
Notice the proportion of candles spent trying to break the trend line early on in February. Now look at the past week, hardly any candles there and they got rejected by Thor's hammer like it was a bolt of lightning. Unless we suddenly break out today with a wild swing of
Eurozone 100 gives a hintA few important notes here:
We failed to sustain 3500 thus far after 2 breaks above trend and about 10 tests total of the trend in the new year.
We haven't retested the low of 3400 which was only tested once/twice since the new year.
If you look at what the RSI is telling us about local momentum, we
E100 gives a hintA few important notes here:
We failed to sustain 3500 thus far after 2 breaks above trend and about 10 tests total of the trend in the new year.
We haven't retested the low of 3400 which was only tested once/twice since the new year.
If you look at what the RSI is telling us about local momentum, we
E100 - trend continues to new lowsE100 continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minute counter-trend wave 2. The next move should be minute 3, where the most probable target is is below 2,500. If prices crosses up 2,820, this analysis should be reviewed. FOLLOW SKYLINE
E100 reached the target and trends down, as predictedE100 reached the target forecasted in our post of May 31 and reversed, as predicted. It seems to have finished minute wave 2 up. If this is the case, minute wave 3 will be down and with strong momentum. The probable target for the end of minute wave iii should be below 2,500. If price crosses up 2,8
E100 - near the end of the counter-trend rallyE100 is tracing the end stages of intermediate wave(2). When it finishes, the downtrend to new lows will follow. It already reached 50% of retracement of wave (1) but it could continue up to around 2,780 before reversing the trend. A move below 2,550 would increase the odds that the trend already re
FTSE EURO TOP 100 new lows ahead - critical junctureFollowing the path previously posted here, E100 is starting minor wave 5 down that should push the index to around 1972. The alternative scenario is tat where we read 4 it is wave A up, in this case we could see another leg up before this decrease. Keep tuned ! FOLLOW SKYLINEPRO TO GET UPDATES.
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Displays a symbol's price movements over previous years to identify recurring trends.