FTSE analysis and strategy for Wednesday 22nd April
3 month 4 hr chart
break out of the channel - red trend lines, can we trade back inside it and maintain the leg upwards........or do we fail and fall short!!
Therefore, 4030 will be important tomorrow .........If we trade above that then I will be able to play a long up to 4060 -4090
The previous double top failed and we fell southwards in February, will that happen again?
If we get a triple top I will be a buyer @ 4100'ish ..............
2 orange trend lines are proving to be useful in determining tops so i will pay respect to them in the interim
4060 and 4090 are two levels to watch for potential shorting opportunities!!
If we happen to trade above 4100 then i will certainly go long
1 week , 10 min analysis
scenario 1 -
scenario 2 -
I will update in the morning ...too tired now