The UK major stock index (FTSE100) has seen sustained falls over a reasonable period of time.
Currently there is no strong case for up moves, and similarly down moves. However, It is ranging to the downside on a slightly more 'unsure' outlook, as summarised by the technicals drawn.
1. Tech bias illustrates losing of value and a push to lows that ultimately may break on continued pressure.
2. Sentiment shows no real growth outlook and slight risk off view.
Currently there is no strong case for up moves, and similarly down moves. However, It is ranging to the downside on a slightly more 'unsure' outlook, as summarised by the technicals drawn.
1. Tech bias illustrates losing of value and a push to lows that ultimately may break on continued pressure.
2. Sentiment shows no real growth outlook and slight risk off view.
Note
Looking short.Note
Exit for gains.Note
Exit short zone 2 for gains.Note
Short Zone 2 hit, price falling away.Note
Long zone 1 hit, price rising up. Look for exits this AM.Note
Out of longs ^ Re longs OK but light.
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.