$UK100 RSI Forecast

FX:UK100   FTSE 100 Index
115 2 5
6.341 is the forecast from the RSI calculation
Comment: Now we can add a shark as an additional layer to question this reversal point

Comment: Now lets add a Wolfe to the picture

Comment: Pay attention to the Action/Reaction lines to confirm 5
Comment: If we take a look at the RSI, we have a lot of confluence at this point

Comment: If we take a look at Market profile on Weekly then we are at exactly at the POC

Comment: At lower frames we can start catching early signs for a reversal
Comment: Our next focus will be whether it can break the lower median line the fork

Comment: Need to close below
Comment: Now looking for the retest of the broken lower median line

Related Ideas

Succesfull Retest

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