For those with "stomachs" who sold yesterday and others who missed it; now we wait for a retest for re-enrtries to the downside.
The dotted blue lines indicate zones where market reactions are likely to occur. be it corrections, reversals etc.
UK100 has been giving endless signals to the downside which it kept invalidating . The downside is imminent before the continuation to the upside. The first TP is at the green major trendline
The white line indicates the anbitious target and the first target is at the possible resistance level (blue line).
The white line indicates the ambitious target but it will all depend on price action at the first TP.
It's struggling to break the minor trendline after a retest of the top which signals a move to the downside (temporarily).
The structure chabged from yesterday's signal but the move to the downside is imminent.
Should it break the current daily high then the signal is nullified, otherwise its a sell.
The correction might extend lower to create an irregular flat.
My bias is to the downside based on a number of considerations. What do you guys think?