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fxtrader66
13 dec 2013 07:37

FTSE/UK100 support zone? 

FTSE 100 index of UK listed sharesFXCM

Beskrivning

The FTSE is at a confluence level of trendline and 50% fib. It also has a similar pullback to its previous two pullbacks. If Santa is going to show up, could it be here?
Kommentarer
piloteiat
GOOD CALL!!! - above 6645 still bullish.
fxtrader66
This is what I am thinking now with the ftse, either it stops at recent highs 6819 or reaches its target at 7036
fxtrader66
The FTSE found support at its 50% fib and ripped out of it. To continue with its rally, it needs to take out a downward trendline that has been acting as resistance since the pullback started.
piloteiat
could start a 4th wave correction soon, but then probably lower: tradingview.com/v/OPyHK6zW
fxtrader66
All markets seem frothy, so it would make sense if they correct more.
piloteiat
Will closely watch these three ratios next week on daily charts:
If bonds correct more to the upside, good chances for a suprise washout before Santa.
Mer