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UK100 Short in a descending channel
UK100 respecting the support and resistance lines in a descending channel, now retesting the resistance trend line.
Bearish indications include:
1. Bearish trend in descending channel.
2. Bearish divergence near trend line.
3. Respecting resistance test.
4. Hidden Divergence in wider swings.
Action Plan:
Short from current market level and set the TP near 6830 or first reversal sign.
Bearish indications include:
1. Bearish trend in descending channel.
2. Bearish divergence near trend line.
3. Respecting resistance test.
4. Hidden Divergence in wider swings.
Action Plan:
Short from current market level and set the TP near 6830 or first reversal sign.
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