UK100 - Expecting The Price To Drop Lower FurtherHi Traders, on March 11th I shared this "UK100 - Looking To Sell Pullbacks In The Short Term"
We expected to see correction prior to the bearish continuation. You can read the full post using the link above.
Price is moving as per the plan!!!
Based on the current scenario my bearish view still remains the same here.
We have bearish divergence in play based on the moving averages of the MACD and I expect the price to drop lower further until the strong resistance zone holds
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀
---------------------------------------------------------------------------------------------------------------------
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.