BARCLAYS JULY 2020 Technical Analysis

2. Juli 2020

One of the most challenging aspects of trading is to be patient and wait for your trade plan to materialise. I've been tracking the above set-up for Barclays since early June and the set-up is beginning to crystallise. I always think ABC before 12345, so with this in mind, I have Barclays putting in a B wave flat before a C wave to match the A wave, which would likely complete a larger A wave. We have to remember that the move down in March was a wave extension and complexity is likely to follow such a wave extension, therefore I am anticipating the upward correction to be choppy and time consuming, but with plenty of opportunity if the trades are managed correctly. Good luck if you're trading Barclays and it does look as though an opportunity could be around the corner.