Discussion Forum for trading analysis, help, signals and learning how to trade. Chat with other traders , post analysis, trades and ask questions. This is the public part of my website. For more in-depth discussions please consider joining to chat with other members

ForumTrading Forum with market discussion and live trades: Market DiscussionBear Tuesday as 8370 holds | 8394 …

Please or Register to create posts and topics.

Bear Tuesday as 8370 holds | 8394 above | 8280 8240 support

#1 · 20th August 2024, 10:20 am

Technical analysis for FTSE 100 for 20th August 2024

A decent bull Monday yesterday with decent longs on the Dax40 and S&P500 playing out. The FTSE100 managed to get to its daily resistance level at 8368 in the end, whereupon it turned tail and sets up a potential bear Tuesday today.

Everything is a lot more positive now after the recent sell off with the FTSE100 showing a potential long term test of the 8650 level - will that come to pass in September once holiday season is over? The daily chart is bullish with the 25ema support at 8240 so still buy the dips on the longer times frames for the moment.

READ MORE