Hello all
DuncanForex here with a trade idea - with no advertising about anything so the post will stay active.
With the power move down during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance.
The FTSE broke out of its downward consolidation long and is now progressing higher to the 61.8 Fib retrace.
Dont be fooled by this Bullish move, once it reaches 6600 area, it will consolidate again and i still think based on my analysis, the CD move will be completed and the FTSE will go to 3500 area.
You can see where i will be looking to short the market in the picture.
This isn't financial advice, however don't buy stocks, wait at least another 12 to 24 months and buy them when the FTSE is circa 3500
Stay safe and safe trading
Duncan
DuncanForex here with a trade idea - with no advertising about anything so the post will stay active.
With the power move down during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance.
The FTSE broke out of its downward consolidation long and is now progressing higher to the 61.8 Fib retrace.
Dont be fooled by this Bullish move, once it reaches 6600 area, it will consolidate again and i still think based on my analysis, the CD move will be completed and the FTSE will go to 3500 area.
You can see where i will be looking to short the market in the picture.
This isn't financial advice, however don't buy stocks, wait at least another 12 to 24 months and buy them when the FTSE is circa 3500
Stay safe and safe trading
Duncan