(I moved this post and added a few lines to the narrative)
uk.advfn.com/p.php?pid=chartscreenshotsh...MBw=&symbol=L%5EBARC
Some potential for a nice trade here. Upside gap between ~299 and 303 and downside support at 269.75.
In between we have a trendline break and backtest yesterday indicating further downside supported by bearish MACD divergence.
RSI support not reached, which IMO will determine extent of downside.
So to recap, potential trade of 30 pips between 271 and 300 or 11% without being greedy. This is Barc so the gap will certainly close.
Please be aware of the RI in September which will no doubt throw a few wobbles, plus price action this year is showing a triple top (or H&S if you are picky). The latter would give a neckline at my suggested buy point, so be careful - it is easier to see on a weekly chart.
