After ATH for the FTSE100, the development of bearish divergence within a rising wedge has occurred. This bearish pattern has broken down now and I AM SHORT at the current levels.
I am looking for the price to come down to 7700 where I will take some profits. Followed by 7600, 7400, and finally 7000 I don't have a stop loss in place as I think it could put in another confirmation high just sub 8100, which would still keep me bearish. I will close the position if a bullish edge develops
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I have closed 80% of my shorts. I am looking for a bearish continuation pattern to trade next. I will update with another short.
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CLOSED THE LAST SHORT. THIS IS WHAT WINNERS ARE!!!