Kumowizard
Short

A lot of room to fall!

TVC:UKX   FTSE 100
57 0 6
From my previous weekly post you know I already have some short in FTSE100.

We have further bearish signals, but I'd like to show you it is not too late to sell this index!

Weekly:
- Heikin-Ashi gave a high probability signal for a local             top last week. We have confirmation this week with a red candle and haDelta/SMA3 below zero line. DM_Oscillator is down, but still above zero.
- Watch MACD! If it delivers a cross down, pull back will pick up momentum, and price will quickly get to 6700 and maybe even to 6400 +/- (deep retracement target) until year end.

Daily:
- Bearish wedge was broken on 25/Oct, but mkt could not really deliver new lose for several days, just consolidated at Kijun Sen. Picture has changed -> Price is below Kijun Sen now, we also have a weak bearish Tenkan/Kijun cross.
- EWO             is neutral optically, BUT if you check the value: -0,1970 :-) enlarge it, and you also see it has ticked into red!
- Heikin-Ashi signal is bearish , and as reflected in haDelta and DMO             , bears are in control, with increasing momentum.
- Critical level of 6885 (forward Senkou B and also 100wma) seems to be broken. If market falls further, Chikou Span will give a bearish cross confirmation too. That will be a total damage on the daily time frame and we'll likley see lot wider price action             in form of lot bigger red candle bodies.

As you see, even if you only target 6400+ retracement, you are still in time to enter short.

Be wise, be smart! Risk management is what really matters!
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