albert.callisto
Long

UK100 - Turning bullish but wait for lagging span break.

FX:UK100   FTSE 100 index of UK listed shares
72 2 4
UK100             is on the bull side of the cloud but its lagging span was rejected by a trend line as well as daily SSB             , weekly Kijun. The price was evolving in a downside channel and broke the upper side, Ichimoku however warns us that the breakout is still in its early phase. As we have a fairly good amount of resistance where the lagging span is evolving, rushing a buy would be risky. Rather wait for a bounce on the top area of the cloud (~6030) and if the price manages to break 6175 with a lagging span getting out of dangerous zone, a buy may be foreseen. Note that Fibo levels 0.236 and 0.382 are matching the weekly Kijun levels (dark green).
ForceFollower
10 months ago
Excellent comment, thanks.
Reply
albert.callisto ForceFollower
10 months ago
Thanks !
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