FTSE100 – Double top breakdown on cards, but caution advised
The index could see a gap down opening around or below 7000, which is the double top neckline, however caution is advised since 5-DMA and 10-DMA are yet to confirm a bearish crossover and more importantly 10-DMA is still sloping onwards.
Hence, we could see a minor correction… although it is to be noted that bearish invalidation is seen only above record highs.
Watch for- Rejection at 4-hr 5-MA followed by a break below 7K levels as that would signal a more pronounced sell-off to sub 6900 levels.
Hence, we could see a minor correction… although it is to be noted that bearish invalidation is seen only above record highs.
Watch for- Rejection at 4-hr 5-MA followed by a break below 7K levels as that would signal a more pronounced sell-off to sub 6900 levels.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.