TipTVFinance

FTSE100 – Inside day candle, scoep for profit taking

TVC:UKX   FTSE 100 Index
Yesterday was an inside day ( candlestick pattern) and therefore it is a sort of gentle warning to bulls looking to initiate fresh longs.

The pattern is not a reversal pattern by itself, but given the fact that the index is rallying near record highs and stops are well below the current levels a bout of profit taking is likely. Thus, the index could retreat to 7K-6950 levels.

On a larger scheme of thing, there is little reason to fear so long as we are trading below 71K handle.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out