After ATH for the FTSE100, the development of bearish divergence within a rising wedge has occurred.
This bearish pattern has broken down now and I AM SHORT at the current levels.
I am looking for the price to come down to 7700 where I will take some profits. Followed by 7600, 7400, and finally 7000
I don't have a stop loss in place as I think it could put in another confirmation high just sub 8100, which would still keep me bearish. I will close the position if a bullish edge develops
This bearish pattern has broken down now and I AM SHORT at the current levels.
I am looking for the price to come down to 7700 where I will take some profits. Followed by 7600, 7400, and finally 7000
I don't have a stop loss in place as I think it could put in another confirmation high just sub 8100, which would still keep me bearish. I will close the position if a bullish edge develops
Comment:
I have closed 80% of my shorts. I am looking for a bearish continuation pattern to trade next. I will update with another short.
Comment:
CLOSED THE LAST SHORT. THIS IS WHAT WINNERS ARE!!!
