JoeTomorrow

FTSE100 continuing down?

Short
JoeTomorrow Updated   
CURRENCYCOM:UK100   FTSE 100 Index
The FTSE100 has been trading in a downward channel since June, the daily timeframe shows price is weakening approaching the top of this channel and has given us an indecision candle. We can see on lower timeframes, 1h + 4h there is RSI divergence signalling potential for a bearish move. Will look for entry on 1h
Order cancelled:
Significant break out of channel. No trade
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.