25% opportunity in focus - LONDON STOCK EXCHANGE price analysis
Hello all,
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
With this in mind,
Good luck & Keep it simple
Max
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
With this in mind,
Good luck & Keep it simple
Max
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