FTSE 100

Haha - I meant that my son could draw a better C&H than mine

Thanks for the welcome back. When I have to go back to the office I'll probably not have time again but while the lockdown lasts....

Jackozy wrote: I meant on the hourly Libero:

give me a brake brother! I'm trying to do about ten things at the same time when i did that!

(also, surely the daily looks like a C&H? )

Be Well, and Glad you're Back (we need WS and RedChilli, CT79 and we'll be back trading by the minute!)

I meant on the hourly Libero:

Jackozy wrote: There's a potential cup and handle formation on the FTSE hourly (sorry, don't have a chart). The cup has a range of 5350 to 5780. handle potentially forming from yesterday's high of 5782.

Cheers Jackozy, and let me pay it forward (chart attached - with a badly drawn cup and handle - but folks will get it!)

Be Safe.

There's a potential cup and handle formation on the FTSE hourly (sorry, don't have a chart). The cup has a range of 5350 to 5780. handle potentially forming from yesterday's high of 5782.

Downtrend breakout occurred and was backtested yesterday:


I have the 123 low breakout level at 5789 on the cash chart - it's hit 5782 this morning.

Gap resistance at 6450; 61.8% Fib of the drop at 6510.