Are we in for another drop ?? Short

UK 100 INDEXTVC

Description

⋅ May 13, 2020 9:32 AM

as u can see on the 3H the UK 100 has made a lower high and has fallen though the 0.618 fib line i have mad a short position as u can see

Trend Analysis

Comments

Lionhead

⋅ May 14, 2020 9:42 AM

Great trade. I just missed out on that due to work commitments XD. Think it could rebound to the 0.5 fib before falling further?

MFinlow

⋅ May 14, 2020 10:32 AM

@Lionhead, thanks looking at longer time frames they all look Bearish at the moment so i dealt we will even bounce off any of them more less go down but could have slow bleed down