UK 100Short
FTSE and all Stocks - The second leg lower is about to start
Hello all
I've been watching this since March 2020 where the first leg started to retrace - after having moved back up through the past 9 months and then consolidated the past 2 around the 61.8% to 78.6% fib retrace area
I expect early next week for the Head and Shoulders to be fully printed and based on Fibonacci extension, I expect price for the FTSE to drop below 4000, potentially near 3600.
Lets see what happens, however I wont be buying stocks for a long time.
Trade safe
Duncan
I've been watching this since March 2020 where the first leg started to retrace - after having moved back up through the past 9 months and then consolidated the past 2 around the 61.8% to 78.6% fib retrace area
I expect early next week for the Head and Shoulders to be fully printed and based on Fibonacci extension, I expect price for the FTSE to drop below 4000, potentially near 3600.
Lets see what happens, however I wont be buying stocks for a long time.
Trade safe
Duncan
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