UK100 Index bullish setup on 2H(based on weekly)

1 févr. 2021

My trade idea is based on weekly pattern(flip & MAs & momentum). Daily has on bullish candle reacted to the weekly zone.

So, if price takes out the control high on 2H, I will assume momentum on the small timeframe is up. Now, I got my big buddy as well as my little buddy on my side. The odds of the bullish setup is high.

5 févr. 2021

Note

As expected, price got issues at the control high. I need to see a confirmed close above the zone. So, wait.

8 févr. 2021

Note

My weekly as well as daily works well. The 2H is a bit different than I expected at the first place. It didn't conquer the zone at the first try, actually it tried twice. I marked a very small zone on 1H. It might be a entry for quick retest. Basically. The daily and weekly indicate the price to the upside.