themarketzone
Short

7000 will be key weekly resistance zone for the FTSE

INDEX:FTSE   FTSE 100 Index
As "Brexit" vote didn't even happen, the UK index FTSE             reached almost 2015's highs without even stopping at the 200 weeks MA line that should have acted as some sort of resistance... and failed.
Now, near 7000, the FTSE             completes a bearish Bat pattern (weekly) and also testing the bottom of a trading channel that held the price in it throughout most of 2013-2014.
Interesting potential Sell Zone for the FTSE             near 7000

See more details in this video - https://www.youtube.com/watch?v=mQYZ1CEnVX8&feature=youtu.be
Comment: Nice reversal - FTSE down 3% from PRZ
Comment: Testing X now
DJ closed today plus, I have reason to believe that tomorrow trading on the DAX will be conducted + 0,60-0,90%
+1 Reply
It will allow another bearish entry... Pullbacks are great to increase positions sizes if you think that FTSE is heading lower
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dervysh66 themarketzone
DJ today closed in the red - 0.30%, DAX think tomorrow will fall, 0.30-0.50%
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dervysh66 themarketzone
respectively, will be a significant drop on the FTSE, all indexes anyway look at Mr. DJ
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dervysh66 themarketzone
FTSE matter how many fall, I think that the decline will be less than in the DAX
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