Left butterfly wing completed time to the right one, it will continue in bull until the right wing will be created. with no break up of 1.17317 it will be a very strong sell signal, while breaking up 1.17317 will take the market to test 1.18000.
KISS (KEEP IT SIMPLE and STRONG).
After we see formation of the three we can see easy that is so called "dunked bull" formation and this is the way we trade it.
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A White candle under the level of the last white candle, is bearish trend confirmation and the red background help us avoid, some badly time long trades.
The Bear Impetus also show us that they are in charge.
Entry target around a three musceteers conservative setup entry point.
Sell signals appear right in time and we must start looking for short entry.
The chop in the FTSE continues. We saw those levels mentioned previously between 6970-6920 do another great job and we are a decent amount higher today. The uptrend support line was pierced on a closing basis yesterday and we are back above it as it stands. I think we need to see it kick on above yesterday’s highs if we are to fully get behind a rally back to the...