https://uk.tradingview.com/chart/U03iSVfb/
The FTSE 100 Daily Chart for Dec 20, 2018 has revealed a falling wedge pattern formation. It is usually a sign that we are getting to the bottom of market price action. It is classically a reversal pattern. But there are no guarantees. An upside breakout is most likely (75% chance). A downside breakout is less likely (25% chance) but it can happen.
My advice is to wait for a decisive break out before taking or modifying action. I am currently short. The symmetrical triangle that was formed on December 05, 2018 broke down and forced me into a short position. With an upside breakout, I will close my short position and go long. With a downside break out, I will continue my short position.
The FTSE 100 Daily Chart for Dec 20, 2018 has revealed a falling wedge pattern formation. It is usually a sign that we are getting to the bottom of market price action. It is classically a reversal pattern. But there are no guarantees. An upside breakout is most likely (75% chance). A downside breakout is less likely (25% chance) but it can happen.
My advice is to wait for a decisive break out before taking or modifying action. I am currently short. The symmetrical triangle that was formed on December 05, 2018 broke down and forced me into a short position. With an upside breakout, I will close my short position and go long. With a downside break out, I will continue my short position.
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.