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FTSE 100: Mixed signals, caution ahead for day traders

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Momentum: MACD: Positive RSI: No clear trend Stochastic: Sell signal, in overbought territory Daily Price Action Trend: Neutral Last relevant high: 6,036.5 Last relevant low: 5,499.5 Comment: The FTSE fell slightly on Friday and we did complete the formation for a sell signal on the daily timeframe, but for those who look at the weekly time frame we have formed a buy pattern! (as shown below in the weekly graph) FTSE 100: Weekly Chart Patterns simply give us clear opportunities to enter

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