A break above 7150 (downward resistance) can see the index shoot higher towards full 7200 target. There is a gap at 7188 that I have been keeping an eye on and would like to see filled.
Selling will really kick in below 7000
Feeling a little bit overdone here.... sitting on lateral support and RSI heading into oversold. Annoyingly missed the short opp as I dont like shorting with gaps overhead. Think this might be the turn lower here but hoping for a bounce and consolidation first
Looking for a gap close at 7188... SL =7140. Decent RR here for a long I think
Full target reached as the RSI creeps into overbought territory. Key now to wait for next set up
Gap lower at the open - support here needs to hold for bullish thesis
Potential right shoulder forming. Current picture still bullish from symmetrical triangle break
Bull flag building in progress... waiting for confirmation. Already long from symmetrical triangle break
Battle lines have been drawn between 7040 and 7055. Trend & sideways consolidation favours a break higher... suspect we will have to wait until US open to get our break. Move higher likely to be quick and fast when (if) it does break higher.
Bearish engulfing candle on the hourly signals we may see a pullback here - cannot be long. We are coiling within a symmetrical triangle - patience is key
Big reversal off our red lateral support following yesterday's sell off. Long with a target of a gap close at 7036
Once again opened higher and has been drifting lower after re-testing resistance. Bulls appear to be trying their best to squeeze the bears as much as possible before next leg lower. Holding onto for shorts for now.
Index hit double resistance this morning (lateral and prior upward sloping) - and reversed. I am still holding my short positions initiated a couple of days ago. Today's high is the line in the sand for now & hopefully we go back to the bottom of the range at 6850.
we propose a downward move on UK INDEX and this will indicate that pairs which one side is GBP will be affected the downward move is toward 6217 and then 5990
Index opened higher and (unexpected to me) closed the gap at 7006. However - the picture is still not bullish. We have yet to see higher highs, and there is hidden bearish RSI divergence coming through. I am holding onto my shorts for now (albeit a little more uncomfortably than yesterday) & definitely not ready to add until we see further bearish developments.
Lovely bounce this morning following the RSI divergence identified. Looks a bit overdone here and I think we can see the downward trend resume. There is a gap around 7000 but will take time to see that filled I think. First a move to at least 6900