Re: Anyone scalping the FTSE Futures?? Quote:
Originally Posted by jungerns Where are we et...........??
Long or Short....5893 ?? What I'm looking at is screaming Short ?? |
I also had a possible pullback S/R level at 5894.
The main resistance level c5918. IF IF IF IF we get there.
Doesn't seem to be any specific candle S/R level in the previous price action associated with that number (there was for the ridiculously accurate 5933) so I'm guessing that is approximate, it could be 10 pips either side.
What interests me is what is going to happen next.
I'm uneasy that the pullback did not retrace to a S/R level and only went to 50% rather than 61%. Working hypothesis at some stage we will have to spike down to 61% or the real S/R level, if lower.
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The trend shines ahead a light which shows the wall, where it has to turn back. But the torch can be turned by a higher power before it gets to the wall and the light will shine on a different wall. LT outlook: FTSE to preliminary 7500 with possibility of flash crash to 4500 first (last updated: 14/09/2012). |