Hi All
I continue to watch the FTSE and all indices waiting for the second leg lower to take place.
I think the break above the ascending line was a false breakout, and with the bearish engulfing daily candle that printed a few days ago, as well as divergence against the RSI.
I think the FTSE will drop considerably over the coming months
I think a target in...
Hi All
With global pandemics continuing, inflation on the horizon, and the chart in a squeeze pattern at the 78.6% retrace - I think if the channel is broken and long term diagonal trend line heading upwards is also broken, then 4000 is a definite target.
I've been waiting all year, and i think it may happen soon
Good luck and safe trading.
Duncan
Hello all
This one has been a year and change in the making, however it's time, the FTSE is about to drop to 4000
If the weekly candle closes bearish as an engulfing candle as well, it'll drop fast.
After the initial leg lower, it reach the 61.8% retrace, now on a retest of that area, it's creating divergence and is overbought.
With risk of inflation on the...
Hello all
I've been watching this since March 2020 where the first leg started to retrace - after having moved back up through the past 9 months and then consolidated the past 2 around the 61.8% to 78.6% fib retrace area
I expect early next week for the Head and Shoulders to be fully printed and based on Fibonacci extension, I expect price for the FTSE to drop...
Hello all
I have been watching the Yen Pairs for a few weeks and after catching the first break out lower, it has now retested the dynamic resistance line where price has been steadily climbing higher the past few weeks.
I'm now in a short position looking for price to head back down to the Monthly Pivot Point
I think the recent break out higher in the stock...
Hello al
Linked to my EURUSD short, I am long USDCHF off of support and a decent area Fibonacci retracement area.
Trade is active, lets see if it gets up to MR2 - Monthly resistance
A more conservative entry is a close above the diagonal trend line.
Thanks for looking at my idea
Cheers
Duncan
Hello all
Although the USD is weaker on higher time frames and in general all pairs XXX USD are heading higher on the daily / weekly and monthly time frames.
Based on current cycles making new lower lows, I am looking for price now to make a new lower high and in turn at this fib level of 61.8% retrace of the previous leg lower start to make its second faster...
