FTSE

remo
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13 years 2 months ago - 13 years 2 months ago #3024 by remo

Replied by remo on topic FTSE100

Nice ascending triangle breakout.
So far its been boring which is no surprise as its probably waiting for the cue from the dow

This area is a well known resistance area yet price has not convincingly broke out yet which says that its still battling with this area.

weekly chart

dl.dropbox.com/u/4899609/ftse10014thjan.png

dyor

Last edit: 13 years 2 months ago by remo.

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WaveSurfer
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13 years 2 months ago #3110 by WaveSurfer

Replied by WaveSurfer on topic FTSE100

hammering that base remo ?

remo wrote: Nice ascending triangle breakout.
So far its been boring which is no surprise as its probably waiting for the cue from the dow
This area is a well known resistance area yet price has not convincingly broke out yet which says that its still battling with this area.

weekly chart

dl.dropbox.com/u/4899609/ftse10014thjan.png

dyor

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remo
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13 years 2 months ago #3157 by remo

Replied by remo on topic FTSE100

It looks like the ftse is losing the battle.
This area is a strong resistance.

dyor

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Jackozy
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13 years 2 months ago #3158 by Jackozy

Replied by Jackozy on topic FTSE100

Yep, doesn't look too good. It's the first time it's been tested since May 2011 so I'd have been surprised if it had gone through on the first test. Perhaps it'll just hit the short term uptrend support and then have another go?

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