1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Footsie Bulls Set To Foot The Bill

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    The UK stock index, the Footsie, has been trending down textbook style ever since the all time high set at 7122 in April 2015. This current rally has all the hallmarks of yet another bear market rally with many starting to become bullish. Let’s see what is in store for these bulls if my analysis of the daily and monthly charts is correct. FOOTSIE DAILY CHART We can clearly see the pattern of lower lows and lower highs indicating a bear trend. The rally since the August 2015 low looks to have

    Continue reading...
     

Share This Page