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benjaminh15
Jun 5, 2020 11:56 AM

Potential FTSE Reversal to start the week... ? Short

UK 100 INDEXTVC

Description

An ascending wedge formation on the 30 minute interval chart has been identified, which has been building up over the course of this week. The price range seems to be narrowing, along with RSI divergence. Perhaps a drop to the 6060 level could be seen... ?
Newbie here so any comments welcome, thanks! :)

Comment

Unexpected sharp rise in the FTSE due to the surprising increase in US employment, perhaps still potential for the reversal...

Comment

Small 150pt drop, however, later than expected. Still, the potential for a further fall later in the week I assume...

Comment

First target support zone hit...

Comment

FTSE down over 250 points.

Trade closed manually

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