gillyblore

gillyblore

Consolidating following heaving selling. RSI is encouraging for a break upwards, but not confirmed yet. A break above 5600 will see the index break above its 20SMA and hopefully touch 5700 region with potentially a gap close. Further selling expected if we break through the lows.

gillyblore

Long tailed wick, very oversold, gap at the open. Stop at morning lows.

gillyblore

Currently testing lateral overhead resistance and downward sloping resistance. Doubt it has the momentum here - think we need to see another pullback/consolidation first

gillyblore

Testing lateral resistance again, RSI divergence continues

gillyblore

RSI divergence also emerging, watch the gap at 5892

gillyblore

Waiting for confirmation

gillyblore

Losing support

gillyblore

Mini H&S targets 5920

gillyblore

Uptrend & 20SMA broken. First support at 5965

gillyblore

$UKX Hourly - Bearish RSI divergence becoming more prominent

gillyblore

Up against double resistance and RSI divergence

gillyblore

Re-testing H&S neckline and lateral support... RSI also getting close to oversold levels. Probably good levels to bank short positions - need to wait for clear signs of a reversal before entering into new long positions

gillyblore

RSI divergence ... watch the gap at 6150

gillyblore

Gap at 6175 that I think can close. SL = 6285

gillyblore

Would look to target 6310

gillyblore

Lovely bounce and hold off support. Potentially a false break lower out of broadening formation. Worth a small long with a stop set at this mornings lows

gillyblore

Through here targets 6310, otherwise back to down to 6060

gillyblore

Broadening formation has broken down with lower targets. But we are on lateral support here and RSI very oversold. There is a gap I would ideally liked closed at 6130 before we head lower. Decent RR