FTSE futures continue to coil in a triangle pattern dating back nearly a year. While that suggests we may eventually see a decisive break at some point, today’s setup looks at playing the existing range.
The price has been well supported on dips towards and through 8200 recently, bouncing on four consecutive occasions.
Considering the price action, one setup to consider would be to buy above this level with a stop beneath Tuesday’s low for protection.
Despite recent weakness, momentum indicators like RSI (14) and MACD continue to trend higher, making the preference to buy dips over selling rips.
The January 9 high is one potential target, another triangle resistance located just below 8400.
Good luck!
DS
The price has been well supported on dips towards and through 8200 recently, bouncing on four consecutive occasions.
Considering the price action, one setup to consider would be to buy above this level with a stop beneath Tuesday’s low for protection.
Despite recent weakness, momentum indicators like RSI (14) and MACD continue to trend higher, making the preference to buy dips over selling rips.
The January 9 high is one potential target, another triangle resistance located just below 8400.
Good luck!
DS
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.