This is the daily, we had a very strong bearish candle which broke the uptrend..., last time we had such a large candle was in February..., so I think it will continue down eventually..., Now close to support and at the lower BB so we still could see the bounce at support with possible re-test of the trendline...
I would consider a small long at support if confirmed on 15m by divergence (see update on linked idea) in the wedge with tight SL below the support zone (add on break of the wedge and trail SL to stay safe).
If we break below support the first down target is 5943, where an AB=CD completes, then probably 5853-5809, but with Brexit in between we actually can do alot of analysis and it wouldn't mean anything...
Look for confirmation, use SL and close out all positions before referendum day!
I would consider a small long at support if confirmed on 15m by divergence (see update on linked idea) in the wedge with tight SL below the support zone (add on break of the wedge and trail SL to stay safe).
If we break below support the first down target is 5943, where an AB=CD completes, then probably 5853-5809, but with Brexit in between we actually can do alot of analysis and it wouldn't mean anything...
Look for confirmation, use SL and close out all positions before referendum day!
