Looking at UK100 monthly chart, it is evident that the market is ready for collapse before the outbreak of coronavirus. Covid-19 is just the stimulant needed to accelerate FTSE100 market structure breakdown. With L-H and L-L completed in September 2019, market structure for breakdown was long completed but most people (including myself) missed that...
N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Not sure if I agree with you on the LH/LL in Sep 19...plenty of consolidation. However, markets have long been due a correction and, you are right on this, the virus has been the catalyst. It's likely to get uglier!
BullBearMkt
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@theselfishtrader, it's a good thing to have different opinion and would have been even better if you could provide your own view for the disagreement for everyone to learn from. After LH & LL, to me that is a good pointer for a decline to occur...
theselfishtrader
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@BullBearMkt, I agree, and if I ever comment on your posts, I will do just that. I think you updated your chart with the "L" and "H", which helps me understand it better.
For the record, the break and close below support at 6841 on your charts signals a possible bearishness (although it could be a two-legged pullback, I don't use Fractals to trade so I may be reading this wrong). It's not confirmed bearish trend until the March 2020 candle on the chart above.