bazzman78tv - FTSE UKX level to watch W.C 12/02/2019

Hi there,

The way i see things (purely my opinion only), technically it makes sense to me why there has been a rejection late last week of the recent rise up.

You may be asking - what is in the way for resistance levels? Well,

We have

- September low (red horizontal line)
- November high (red horizontal line)
- 50% Fib from recent low/high in the way

It is quite possible we may see some weakness next week - based on my daily chart review.

Notes:

Green line = 500 day SMA

Black line = 100 day SMA

Yellow Line = 200 day SMA

Red Line = 55 day SMA

I only use one indicator being the slow stochastic indicator.

No dramas.

bazzman78t
09/02/2019