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A chart is better than 1000 words. :) I showed the red line in my FTSE post. However that was a strange channel as I said there. There may be another channel in the making which is blue one. It is hypothetical though. So don't have a strong conviction if we fall below the red line it will continue rapidly. The line in the sand for the red support is 6500. Hope it helps.
Hi Bouraq. Back to the FTSE. Did it break through that bottom channel resistance today and where to you see it now? Regards
ReplyDeleteToday it stands at 6505. Not broken yet.
ReplyDeleteWould you be so kind as to tell me where the line the sand is for lower lows Thanks and my best to you
ReplyDeleteWhat do you mean by "line in the sand for lower lows"?
ReplyDeletewhere will it finally breach the channels after having had four attempts
ReplyDeleteA chart is better than 1000 words. :) I showed the red line in my FTSE post. However that was a strange channel as I said there. There may be another channel in the making which is blue one. It is hypothetical though. So don't have a strong conviction if we fall below the red line it will continue rapidly. The line in the sand for the red support is 6500. Hope it helps.
ReplyDeleteIt does indeed. Thank you very much
ReplyDelete