Daily Chart
Support – 431.10, 420.80, 413.92
Resistance – 447.20 (50-DMA), 462.90, 468 (100-DMA)
Repeated failure at 200-DMA in second half of April followed by a break below 50-DMA yesterday indicates bears are on control and the prices could drop to 430-420 levels in days ahead.
Daily RSI, at 42.00, is pointing lower and indicates room for...
Good morning traders,
Preparing trades for next week, I´m bullish on stock market , and specifically on UK100 . I´ve identified a demand zone plus a Wolfe Wave pattern with a good R/R ratio .
Enter long at market with SL 6070 on a daily close
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6 Trading Rules :
1. Never add to a losing position...
Weekly chart indicates UK100 in a bearish trend setting lower and lower highs. RSI and CCI show overbought market which means that bearish trend is going to continue for at least few more weeks.
Stoch RSI is at 96.47/98.08 which is a clear sign of over-bought market. Given the fact that Goldman Sachs increased its recession expectations from 20% to 30%, one...
as you can see the support and resistance here is very very strong, however do not overlook that it may be time for it to break out as we also saw a very rapid increase last time it hit support compared to before, so would be a good idea to maybe wait a day to see what it ends up doing and if it does follow the a pattern quite a lot of pips can be picked up here
Germany’s DAX sees Insane dropped since 08, BUT no to worry- next week is going to be an awesome week for DAX as Europe's Market for New Cars Grew 9.3% -
Extravagance automobile producers like Mercedes-Benz and Porsche score up huge gain.......
**Please I encourage you to shoot for this trade - and place your SL accordingly ( I hate to suggest 'SL ' 'cos...
