GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
VAST RESOURCES PLC ORD 0.1P, LLOYDS BANKING GROUP PLC ORD 10P, PHOTONSTAR LED GROUP PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21, UK OIL & GAS PLC ORD 0.01P, GREATLAND GOLD PLC ORD 0.1P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, XRP/USD, ETH/USD, BCH/USD, EOS/USD, LTC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
INCH has formed a 'Wolfe Wave' at trend line support. A close above 696 now needed for a 123 low. MACD also diverging to price.........Target 840
Inchcape has a previous proven history with the 'Wolfe Wave'. Target from the current formation would be 840, a 16% gain from Fridays close price.
Start of an uptrend.
Hold till determined resistance/ when RSI signals a reversal.
Place stop loss at 733.
Risk/Reward ratio: 4
Inchcape has been steadily trending lower over the past few weeks. The shares have under-performed the FTSE100 index over the last 3 months as well as the general retailers sector. Sell at market and look for a move towards the June low.