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FTSE 100: Wait for a rally before going short

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Momentum: MACD: Negative RSI: Positive, positive divergence formed to price action Stochastic: Sell signal formed, moving to over sold territory Daily Price Action Trend: Positive Last relevant low: 5,666.1 Last relevant high: 5,945.9 Comment: The negative sentiment in the US dominated the UK session on Monday and we have a lot of technical changes. First our daily trend has turned negative, this is coupled with a sell candlestick pattern and a sell signal forming on the MACD. The RSI is

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