jangseohee

FTSE, 800 point range since Jan 2013

INDEX:FTSE   None
5
This index looks awful to me (no offense). since it broke out the 6059 mark in Jan 2013, it was contained in a range of about 800 points. Worst of all, rising wedge pattern break down. If this effect carries into Jan 2015, we could see a retest of 6059.

Only a break above 6877 would mean a buy if case you are looking for confirmation of buy signal (and do not rule out that it could be a false break up)

P.S. No death cross of 20ema under 8ema yet