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FTSE looks like it's heading back down towards 6500 (especially if 6570 breaks on Monday). 4 hourly trend is down. I'd rather wait and see if it hits the bottom red trend line that lines up with 6500 before trying a longer term long. It may of course test that low in some way by stopping at 6520 and reversing, but have to wait and see what the price action is like next week. http://s172.photobucket.com/user/zigzagger2/media/FTSE%203.7.15_zps30vlocfm.png.html
for WTI are you looking for 55?
ReplyDelete55.50 I meant
ReplyDeleteSomewhere around there wherever it gets hit.
ReplyDeleteHi,
ReplyDeletewhat about FTSE after today's price action? Still bullish?
Sure. It's just a small pull back. I'm trying to buy if it gets to 6595 but it's already moved up.
ReplyDeleteThank you,but support is already broken?
ReplyDeletebest W.
Yes. Are you following me on twitter? I entered a long position and tweeted it. Then it stopped out.
ReplyDeleteFalse break, perhaps
ReplyDeleteyes,but now you will reenter long position again?,
ReplyDeleteNot at all. I will see what it does. Probably next week will offer a good long. It wants to go lower for now. Won't touch it.
ReplyDeleteFTSE looks like it's heading back down towards 6500 (especially if 6570 breaks on Monday). 4 hourly trend is down. I'd rather wait and see if it hits the bottom red trend line that lines up with 6500 before trying a longer term long. It may of course test that low in some way by stopping at 6520 and reversing, but have to wait and see what the price action is like next week. http://s172.photobucket.com/user/zigzagger2/media/FTSE%203.7.15_zps30vlocfm.png.html
ReplyDelete