Taylor Wimpey – More losses below 148.50
UK House builders have faded post budget spike. The daily candle is now a inverted bearish hammer.
That has ensured the falling channel is intact.
Prices currently trade around 149.40. A daily close below 148.58 (38.2% Fibo) would add credence to the failure at the channel resistance and open doors for a sell-off to 140.00 levels.
That has ensured the falling channel is intact.
Prices currently trade around 149.40. A daily close below 148.58 (38.2% Fibo) would add credence to the failure at the channel resistance and open doors for a sell-off to 140.00 levels.
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