Hello,
UK100 has encountered resistance at the 1M pivot point, leading to further downside movement. Currently, the price is approaching a strong support level at 7942.9445, which has historically held and may present a challenge. The zone between 7954.7045 and 7942.9445 is a potential reversal area, where the price could turn back upward. However, if it establishes itself below this range, further downside could ensue. Confidence is high that this could mark the definitive low before an upward trend resumes, though the opposite scenario cannot be ruled out. Time and confirmation will provide clarity.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
UK100 has encountered resistance at the 1M pivot point, leading to further downside movement. Currently, the price is approaching a strong support level at 7942.9445, which has historically held and may present a challenge. The zone between 7954.7045 and 7942.9445 is a potential reversal area, where the price could turn back upward. However, if it establishes itself below this range, further downside could ensue. Confidence is high that this could mark the definitive low before an upward trend resumes, though the opposite scenario cannot be ruled out. Time and confirmation will provide clarity.No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
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.