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 DiscussionRise and dip with 8410 resistance …

Please or Register to create posts and topics.

Rise and dip with 8410 resistance in sight | 8350 8320 support

#1 · 27th August 2024, 10:00 am

Technical analysis for FTSE 100 for 27th August 2024

We are bang on daily resistance at 8374 to start with this morning as I start this mail so we may well see an initial drop down from here. Futures have risen well overnight so some profit taking/bearish shorting may well play out to start with. However the bulls will be aiming to defend the rise and a push up towards the 8400 level which will be their plan.

8410 is the top of the 10d Raff channel, and both channels are now heading up with the daily chart still showing good supports at the 8261 ema and 8240 coral line. It remains buy the dip as per Fridays email.

READ MORE