Today I'm going to take a look at the chart of the London Stock Exchange:
- The price is currently in a sharp correction - The price is in an overriding upward trend - The last correction was similarly dynamic, but it was stopped at the golden pocket and then the price was able to mark a new high. - An upward trend channel seems to be established
The plan:
- I would like to enter long at the golden pocket of the last rally. - The supposed trend channel serves as cross-support here - Definition of two target zones - If the weekly closing price falls below the trend channel and the golden pocket, the idea is off the table.
Buy zone: 80 - 83 points Target zone 1: 103 - 105 points Target zone 2: 138 points