Hello all
This one has been a year and change in the making, however it's time, the FTSE is about to drop to 4000
If the weekly candle closes bearish as an engulfing candle as well, it'll drop fast.
After the initial leg lower, it reach the 61.8% retrace, now on a retest of that area, it's creating divergence and is overbought.
With risk of inflation on the horizon and finally some increases in interest rates, currencies will gain strength
XXX USD pairs will go up, USD XXX pairs will continue to fall.
JPY will gain a lot of strength and GOLD will make new highs.
The FTSE however will fall along with all other indices.
Hold on tight
Thanks for looking at my idea
Duncan
This one has been a year and change in the making, however it's time, the FTSE is about to drop to 4000
If the weekly candle closes bearish as an engulfing candle as well, it'll drop fast.
After the initial leg lower, it reach the 61.8% retrace, now on a retest of that area, it's creating divergence and is overbought.
With risk of inflation on the horizon and finally some increases in interest rates, currencies will gain strength
XXX USD pairs will go up, USD XXX pairs will continue to fall.
JPY will gain a lot of strength and GOLD will make new highs.
The FTSE however will fall along with all other indices.
Hold on tight
Thanks for looking at my idea
Duncan