channel trade 2nd Aug

TVC:UKX   UK 100 Index
Opening spike: didn't reach 10 points It reached 8 but I think I would only have got 4 points out of that trade if I had traded.

5min bar break: down was good.

1h. Not yet breached and could go either way. If it goes down I will ride this trend.

Gap close: still looking to reach Monday's close which is why I'm bearish today.
Trade active: it just breached and retracted. Could be a false break. Otherwise Target would be 7367 on this chart.


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