albert.callisto
Long

UK100 - Turning bullish but wait for lagging span break.

FX:UK100   FTSE 100 Index of UK Listed Shares
73 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).
Excellent comment, thanks.
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albert.callisto ForceFollower
Thanks !
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