FTSE100 - SHORT TERM SHORT - MEASURED MOVE
The FTSE100 appears as though it is forming a simple bearish flag formation. I would be a little cautious on looking at this as a Head and Shoulders formation, however it does look like we could be forming that as well. (leave a comment below letting me know what you think)
The move to the downside would be a measured move from the first leg down which was approx. 38 points.
*RISK DISCLAIMER*
None of the information on this post constitutes any form of investment advice. All of the opinions expressed are solely personal and are not a recommendation to trade any form of asset whatsoever. Online trading is extremely speculative as well as risky and you should therefore seek advice from a certified professional. Past performance is not indicative of future results.
Please follow and leave a like if you enjoy what you see and would like to see more :)
The move to the downside would be a measured move from the first leg down which was approx. 38 points.
*RISK DISCLAIMER*
None of the information on this post constitutes any form of investment advice. All of the opinions expressed are solely personal and are not a recommendation to trade any form of asset whatsoever. Online trading is extremely speculative as well as risky and you should therefore seek advice from a certified professional. Past performance is not indicative of future results.
Please follow and leave a like if you enjoy what you see and would like to see more :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.