FTSE UK Stock Index (Aug 2018)

This will be my views of FTSE UK Stock Index (Aug 2018)
Please make sure to read the "update" comment as there will be changes along the way.


Cheers.

S0nic

Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

코멘트:

View On FTSE (31 July 2018)

I am very cautiously bullish.
Take a look at carefully on what happened for the past 2 months, we had a big swing down (RED bars) and it is followed by a series of small up (Blue bars). That proves that Bears are fighting hard.

Now, the nearest resistant at 7700 level and it is proven to be a quick hard one.

The next and ultimate swing resistant will be 7800 level. I expect the market will can visit that level.