FTSE 100 UPDATE
Weekly Updates of the instrument could mean a reversal to the downside, what do we expect to see as confirmation of such an event?
Expectations:
I expect to see the price touch the upper parallel line and close the week on its lows, with a decent gap between the price closing and the upper parallel that is a sign of weakness on the chart.
Confirmation:
We can allow the chart to do all the above and upon a retest of the upper parallel again you can place your entries. this is my preferred method of the test and retest, then I place a short buy and expect at least the middle line as my target profit.
Expectations:
I expect to see the price touch the upper parallel line and close the week on its lows, with a decent gap between the price closing and the upper parallel that is a sign of weakness on the chart.
Confirmation:
We can allow the chart to do all the above and upon a retest of the upper parallel again you can place your entries. this is my preferred method of the test and retest, then I place a short buy and expect at least the middle line as my target profit.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.