I will be paying particular interest in ftse 6587 cash,,if we get there before any new highs...a break of this level may see me short for a lower low on the dailies
certainly taking its sweet time... if triggered then will certainly take some profit at 9461..and really tighten stops as we get closer to 9435... I say that as a break of 9427 could take us much lower..and am not sure this baby has hit its upper target yet..but only time will tell
If you using MT4 then your cash charts will keep printing past 4.30pm I guess as it tracks futures...mine are only showing prints between 8am and 4.30pm Dick
FTSE thoughts
Hi.. 4 hr chart shows FTSE bouncing off this nice inside trend line... also the fib works well.... however..this wasnt the low I was expecting before the push up to 7000+ .... it is more than easy to expand that fib and get very good price confirmation for a 6281 low...
hard to be really precise..but if I look at longer time frames I see this as a potential swing high...(not a market top..that would be foolish to call) , shorter time frames says it needs another 30-50 pts...need to see some proof of a turn and a target put in
mmmm.looking purely at the ftse cash session charts...we have an interesting angle drawn from the 16th low to the high today... as I say only cash chart..havent checked futures..but then again I never do