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 DiscussionNew month money with a rise and d …

Please or Register to create posts and topics.

New month money with a rise and dip | 8365 8337 support | 8400 8430 8455 resistance

#1 · 2nd September 2024, 11:50 am

Technical analysis for FTSE 100 for 2nd September 2024

And boom, here's September..... New month money, more traders back from their holidays to take over from the summer juniors who will be remembered for a panic sell at the start of August! For today we may well see an initial dip and then a rise as the new month money flows in, and a rise to test to the 8450 area where we have the daily resistance level.

Initial resistance is from the red 30m coral at the 8398 level, along with the Hull MA here on the 2h, hence thinking that a drop down to the first support level at the S1 & 30m 200ema at 8367 looks likely.

READ MORE