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gillyblore

UKX Hourly - Beautiful bounce BUT time for downtrend to resume

Short
UK 100 Index (TVC:UKX)  
gillyblore  
TVC:UKX   UK 100 Index
Chart Patterns FTSE ftse100 FTSE 100 Index GBP
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chartpattern ftse ftse100 ukx gbp
Lovely bounce this morning following the RSI divergence identified. Looks a bit overdone here and I think we can see the downward trend resume. There is a gap around 7000 but will take time to see that filled I think. First a move to at least 6900
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