SHORT FTSE (UK100) 1-2 DAYS - 1hr chart - zoom out for context
The chart speaks for itself. Nice top, but I'd like to see it go down again to retest level underneath and rise again - as scenario 1 follows.
Might be a few days to do so, but considering movements the last two months, where I have been following FTSE closely,
it does not have the strength to keep going as is right now.
It might also happen that it loses a lot of strength and searches towards bottom half of the pitchfork - as scenario 2 follows.
You can zoom out on the chart and see where I get my levels and lines from.
Would be nice and healthy to down a bit and find some more strength. Although,
April is historically a positive month for stock markets, so I believe it will go to an ATH. Perhaps, in the interval 20-30th April.
Stay healthy.
Might be a few days to do so, but considering movements the last two months, where I have been following FTSE closely,
it does not have the strength to keep going as is right now.
It might also happen that it loses a lot of strength and searches towards bottom half of the pitchfork - as scenario 2 follows.
You can zoom out on the chart and see where I get my levels and lines from.
Would be nice and healthy to down a bit and find some more strength. Although,
April is historically a positive month for stock markets, so I believe it will go to an ATH. Perhaps, in the interval 20-30th April.
Stay healthy.
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I was wrong :) Sometimes it's nice to be wrong.