FTSE 100 - Please see attachment for the correct format
For discussion purpose!!!!
TA Analysis
Dow Trend Monthly Primary Bull Market since Mar 2009
Weekly Formation Tranangle = between 4800 to 6100 since July 2010
Daily Elloit Wave 4th Correction towards 5400 level
Subsectors Confirmation
Mining Y Intermediate Bear Market; Held within LT downward channel - Strong Bearish
Banking Y Intermediate Bear Market; Still above ST uptrend - Bearish
Momentum Indicators
RSI Y RSI hit reversal level and crossed below the trend line
Intermarket Analysis
EUR/USD Y Downward Swing towards 1.32 = Strong USD
Risk Management
ATR 200MA 96
Strategy
Direction On Short Side
Duration Until 21/Nov-7Dec
Upside SL 5763
2:1 Entry Point 5643 117 SL points
3:1 Entry Point 5673 88 SL points
***Notes
Unless states, all based on daily chart TA analysis
Risk Ratio is based on account of £10000 with risk of around 1% per trade
For discussion purpose!!!!
TA Analysis
Dow Trend Monthly Primary Bull Market since Mar 2009
Weekly Formation Tranangle = between 4800 to 6100 since July 2010
Daily Elloit Wave 4th Correction towards 5400 level
Subsectors Confirmation
Mining Y Intermediate Bear Market; Held within LT downward channel - Strong Bearish
Banking Y Intermediate Bear Market; Still above ST uptrend - Bearish
Momentum Indicators
RSI Y RSI hit reversal level and crossed below the trend line
Intermarket Analysis
EUR/USD Y Downward Swing towards 1.32 = Strong USD
Risk Management
ATR 200MA 96
Strategy
Direction On Short Side
Duration Until 21/Nov-7Dec
Upside SL 5763
2:1 Entry Point 5643 117 SL points
3:1 Entry Point 5673 88 SL points
***Notes
Unless states, all based on daily chart TA analysis
Risk Ratio is based on account of £10000 with risk of around 1% per trade
Attachments
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