KVE

FTSE: Up or down out of the range? 2 options..., 2 setups!

INDEX:FTSE   FTSE 100 Index
75 2 12
Possible wave count points to further upside, but the broken trendline has not been re-tested yet...

If the trendline gets re-tested then we might have ourselves a nice bullish bat to get back long.

We had one false bearish breakout out of the horizontal range, so I have a slight preference for the upside and possible start of a wave 3... It has been moving slowly this week, but once it picks up it could go fast and far, so be prepared! I that case I would certainly not close the whole long position at the S/R zone, but keep at least part open for further upside!

We are now at a decent level to place both trades as per the setups on the chart, with some luck one of both will be a success (if we don't get whipsawed out of both...).
Otherwise just trade the breakout!
excellent analysis... thank you for your help!
Reply
KVE FtseSignals
You're welcome, I hope you can benefit from it!
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out