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VladimirRibakov

UK100 Sell Idea

Short
UK 100 (OANDA:UK100GBP)  
VladimirRibakov  
OANDA:UK100GBP   UK 100
Trend Analysis UK100 CFD SELL triplecycle magnetzone bearishdivergence Trend Line Break
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trendanalysis uk100 sell triplecycle magnetzone bearishdivergence trendlinebreak
H4 - Triple cycle up forming, based on the fibo extension levels of the two legs, we have a magnet zone. We also have a bearish divergence.

Price is nearing this magnet zone. Once price reaches this zone we may expect a bearish reversal to happen.

We may then start looking for sells with the breakout of the uptrend line.
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