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rehansherwani

UK100 Short Terms Sell Idea @ 1 Hour On 29-Aug-2022

Short
FTSE 100 Index (CURRENCYCOM:UK100)  
rehansherwani  
CURRENCYCOM:UK100   FTSE 100 Index
Trend Analysis Chart Patterns UK100 CFD uk100short uk100analysis
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trendanalysis chartpattern uk100 uk100short uk100analysis
ABCD Pattern forming and the fact that previous double dropped approx. 170 points, UK100 is expected to test support to reverse from 7260.
Another fact is ABCD projection showing the exact support point @ 7260
The overall trend could still be bearish for next week, look for a second entry short to confirm, for now, a short-term sell till 7260 may work.
Buy @ 7390
SL: 7430
TP: 7360
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