UnknownUnicorn194809

$UKX Daily Head & Shoulders

Short
TVC:UKX   UK 100 Index
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1
ukx
Fundamental
GBP Monetary Policy Committee Vote and BOE Minutes May 11th, 2017
UK General Election June 8th, 2017.

Technical
Left shoulder and head formed. Watching for a reversal at 61.8% or left shoulder high: 7300 - 7350 range.

Although horizontal non sloping neckline signalling strong support at 7100 level.

Neckline to Head rally of 4.87%. Anticipating a drop below 7100 of 2.68% to test 6900 handle.

A strong daily break and close over 7350 will exit trade or cancel trade.

Planned Trade TVC:UKX
Stop 7409
Short Entry 7309
Profit Target 6900

Happy Trading
Order cancelled: Bulls are in control