UK 100Short
FTSE Continues strong but is this a double top or gap close?
The FTSE continues on strong whilst other markets enter bear territory with the NAS and DAX trading below there D200. This is on the back of a shift away by retail investment as institutional investors outweighed retail investors significantly over the previous weeks. Reflecting on that dynamic I wonder if the there is enough leg in the FTSE to continue higher.
My Short term bias is for a trip back down the around the monthly 8ema level(7270) before a continuation. This has been a move seen in the past 4 out of 5 months with the 5th just narrowly missing the level. It has been this volatility which has been so profitable for me.
A bearish candle on friday and a close around the 8ema suggest the bears may be about to take control in the short term. I expect to see a close nearer the lower weekly extreme (7330) this week.
Trade safe
My Short term bias is for a trip back down the around the monthly 8ema level(7270) before a continuation. This has been a move seen in the past 4 out of 5 months with the 5th just narrowly missing the level. It has been this volatility which has been so profitable for me.
A bearish candle on friday and a close around the 8ema suggest the bears may be about to take control in the short term. I expect to see a close nearer the lower weekly extreme (7330) this week.
Trade safe
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.