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Trading the FTSE 100: Sell pattern in the making?

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FTSE 100 - Daily technical chart Momentum: MACD: Positive RSI: Positive, positive divergence formed to price action Stochastic: Sell signal formed Daily Price Action Trend: Positive Last relevant low: 5,771.4 Last relevant high: 6,115.1 Comment: US non-farms dominated Friday’s session and our cautious approach proved to be correct as the market closed in the red despite what would normally be a bullish setup. Going back to the technical outlook, Friday’s move did little for the technical

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