Hangover Sunday TA again, this is the first time I've paid more attention to UK100 so I'm abit out of my depth.
Here is what i have for the upcoming week, I suspect we will see two different previous patterns followed (unless yet another surprise piece of hype changes things).
Red Lines for descending triangle is me looking for a narrowed down FakeOut then breakout confirmation to begin a channel
(Look at my previous XAUUSD analysis for further info)
The WhiteBox on the Left is roughly where i found a similar pattern to the WhiteBox on the right.
The PurpleBox of the Left is what I suspect will happen with the PurpleBox on the right but this is where I'm really really reaching so it's a 50/50 idea.
Some Things to Note:
* Staring at these charts and accounting for some significant dates for Brexxit which makes TA very difficult to follow any feasible pattern.
* Brexxit I believe caused a super dooper dip out of the descending channel making it unmeasurable
* I suspect rumors will be crazy this week in prep for Feb 29th talks with EU trade causing a decent setup for a long/short, nfi till the hype is trending.
* MA will...
I suspect make a continuation up and test the top of the parallel channel so I'd monitor how long it sits there then re-tests to BreakOut or BreakDown...
This could be your moment to enter a Short, but that won't be till about mid-week if things remain steady.
Make what you want of it and let me know.
#UK100 #eXo #ClubeXo
Here is what i have for the upcoming week, I suspect we will see two different previous patterns followed (unless yet another surprise piece of hype changes things).
Red Lines for descending triangle is me looking for a narrowed down FakeOut then breakout confirmation to begin a channel
(Look at my previous XAUUSD analysis for further info)
The WhiteBox on the Left is roughly where i found a similar pattern to the WhiteBox on the right.
The PurpleBox of the Left is what I suspect will happen with the PurpleBox on the right but this is where I'm really really reaching so it's a 50/50 idea.
Some Things to Note:
* Staring at these charts and accounting for some significant dates for Brexxit which makes TA very difficult to follow any feasible pattern.
* Brexxit I believe caused a super dooper dip out of the descending channel making it unmeasurable
* I suspect rumors will be crazy this week in prep for Feb 29th talks with EU trade causing a decent setup for a long/short, nfi till the hype is trending.
* MA will...
I suspect make a continuation up and test the top of the parallel channel so I'd monitor how long it sits there then re-tests to BreakOut or BreakDown...
This could be your moment to enter a Short, but that won't be till about mid-week if things remain steady.
Make what you want of it and let me know.
#UK100 #eXo #ClubeXo