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ProjectSyndicate
Dec 19, 2022 9:04 AM

UK100 D1: TP +600 points BEST Level TO SHORT IT(SWING/NEW) Short

UK 100Currency.com

Description

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UK100 D1: TP +600 points BEST Level TO SHORT IT(SWING/NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: US/Global stock markets are maxed out
::: distribution in progress on daily TF
::: maxed out already / will re-test range lows
::: SHORT IT near market / short rips / rallies
::: expect pullback/correction mode SOON
::: BEARS will target re-test of range lows
::: maxed out / overbought conditions
::: BEARS will take over from overhead
::: expect limited upside going forward
::: SHORT IT near market Target is 6850/6950
::: Conservative TP BEARS is 7 000 points
::: unsustainable gains, pullback incoming
::: distribution at the TOP setup
::: spells MAJOR trouble for the BULLS
::: BEARS taking over from overhead S/R at 7500
::: expecting CORRECTION to last next 2-6 weeks
::: distribution at the top in progress
::: will lose up to 10% during pullback/correction
::: There is no upside in this market now
::: Get out / trim exposure / or SHORT IT
::: RISK/REWARD shifting in BEARS favor
::: into BEAR mode soon
::: either way setting up for 10%+ correction
::: 4-6 weeks of correction incoming soon
::: better be prepared in advance
::: when there's GREED there's also PAIN
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS/BULLS GAME OVER
::: Sentiment outlook short-term: BEARISH /CORRECTION

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Comments
EvidenceBasedFX
Can't win em all.
MarsSignals
brilliant idea
Tolberti
I think this is a great analysis, it can be true!
WicktatorFX
Brilliant!
ProjectSyndicate
@WicktatorFX, ++++++
Williamforex
thanks for sharing
ProjectSyndicate
@Williamforex, welcome
vf_investment
We have a similar view in this one. Very good TA skills!
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