Short FTSE

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My simple short idea, divergance on few time frames. We are overbought, no reason for more upside for me.
Take care
Dagangan aktif
Reversal arent't easy play it smart.
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syot kilat
another postion added
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stop loss modified to 1,5 percent
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Let's see if yellow and red resistance hold, don't know if we see the top but it's probably. On daily we are RSI is about 70, MFI 80 so we overbought. Let's see.
syot kilat
Dagangan aktif
syot kilat
just be patient
Nota
syot kilat
we have to take lower low to confirm reversal
Dagangan aktif
syot kilat
There we go.
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My educated guess is we're going down today. No upward momentum. Stay short, secure your profit before us session.
Take care of yourself!
syot kilat
Dagangan aktif
syot kilat
Possible new channel is developing. I am bear this week and set sell limit near 7900. I did some scalping on the way down and took profit.
Take care
Nota
syot kilat
Hello, (update 1/3)
H1 RSI and MFI almost overbought
I was wrong about the geometry of the trend channel, not the first time.
I will try to take short positions at levels 7960-8020. If I'm wrong, I'll try again with R3. Channel lines should be replaced with an inclined surface
It's always good to take profit.
Take care

Weekly pivots:
R3: 8159.1
R2: 8093.1
P: 7935.1
S1: 7843.1
S2: 7777.1 (looks like tp1)
S3: 7685.1
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syot kilat
Divergency still valid, the question is: are we going to retest trendline on RSI?.
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Daily timeframe, indicators are not overbought yet, almost.
syot kilat
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Weekly idea:
21 ema blue
50 ema yellow
200 ema red
syot kilat
Take care, tell me what you think.
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For now, no position. I am going to re-short ftse to the ground, have to take a rest. Indicators in the middle
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syot kilat
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syot kilat If you took it as swing trade congratulation. Take care
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syot kilat
target almost reached, be careful with trading today.
Take care
Dagangan ditutup: sasaran tercapai
Target reached with some extra points for you. Sad thing that i have 4 likes 😂. I have no idea what is going to be next, whipsaw is expected
Take care
Nota
syot kilat
Recently market got hit by news. On daily we are oversold, 4 hours nice bullish divergance. Let's see if we are going through the weekly pivot.
Take care
Nota
syot kilat
Recent chart update.
No idea what direction will be next week, already shorting dax but I may be wrong.
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Weekly Pivots and trendline
syot kilat
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Simillar situation to DAX, I will sell short higher because we are oversold on 4h.
If it is going down just short it.
Take care
syot kilat
Chart PatternsFTSEftse100Technical IndicatorsRising WedgeTrend AnalysisUK100 CFD

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