14th Aug channel trade (potential up trend day)

TVC:UKX   UK 100 Index
I'm hesitant to label today as a trending day.

We are over sold somewhat on Friday and reaching for gaps left from Weds and Thurs close.

But the 8-9am trading range is holding for the moment.

There're no big reports due today.

The 5min opening bar break downwards worked for 10 points.


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