dchua1969

Getting steeper on the top, beware !

TVC:UKX   FTSE 100
From the chart, you can see that the current price action has exceeded the peak of year 2000 and 2007 (condense the chart to see). At its current price, can it go higher? Possible. Will it pullback first? Also possible.

The diagonal trend line is crucial as you can see the touch point is only 2 thus far. This 3rd attempt that it touches - will there be a hat trick once more (ie. touch and rebound higher) or falls through in the direction of the red arrows indicated on the chart?

Not buying nor selling, just watching and learning....
Komen: still on the trendline , would it rebound from here or break down?
Komen: 6 straight days of downfall, expect a rebound these 2 days
Komen: also it has hit the support of Feb and April price action
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