FX:UK100   FTSE 100 Index
78 4 6
if we get close below trend line , then more downward movement, or bullish price action will see a furhter move to the upside.
BobVanders BobVanders
So lots of divergence seems to but a long term top in place. And on the daily it looks like we possibly have a nice bearish wedge forming along your lower trendline from 2002. Kind of confirms your idea from another point of view, but perhaps with a more bearish bias. May be more (tradeable) short term moves up, but longer term I think we break lower. Interesting to see how September ends.,
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