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 DiscussionGot to the 8130 but bear Tuesday …

Please or Register to create posts and topics.

Got to the 8130 but bear Tuesday with 8096 8065 8046 support | 8155 8190 resistance

#1 · 19th November 2024, 11:53 am

Technical analysis for FTSE 100 for 19th November 2024

The bulls drove it up off the 8060 yesterday and we saw 8130 after the bell. Overnight the strength has continued and we may well get a rise and dip play out today with bear Tuesday kicking in this afternoon.

Initial support is at the 8100 area where we have the daily pivot and just above the 30m 200ema which sits at 8085 and rising. As such should we get an opening drop to this area then a long here is worth a go. Ultimately I am going to be bold and say that we may well start to see the year end rally kick in soon and that 7995 level we longed at marked the low. The US markets have stabilised as well following the drop.

READ MORE