FTSE

should be a free trade now....
May look to take new shorts on a backtest of the breakout point.


dl.dropboxusercontent.com/u/4899609/ftse8thnov2016.png

We are looking at 6450 here

Possible 123 high formation breakout on this currently??


dl.dropboxusercontent.com/u/4899609/ftse2ndnov2016.png

I tend to agree although I like to look ahead of where a reversal may take place just so I'm ready ... IMO we are in for a big move either way my gut feeling is the downside just with the bearish divergence on the daily and the fact its well oversold but I wouldnt be suprised at a quick spike beforehand hence my chart idea

A pullback and reversal is possible Rich, but i think its dangerous to short these indices atm, they look technically bullish, but things can change quickly....

I think buying the dips is the correct position atm.
For shorts maybe wiser to wait for a sell signal like a lower low, or drop below support....with bullish markets, it's safer not to try and catch the top, but some of the p/b, with a entry when the momentum is with a down move.....

imvho, dyor, wdik
Trendfriend

I see a good potential short for what its worth